With record levels of dry powder available for investment.
Find out what's in store for private markets in 2025 and beyond.
Listen to Crafting Capital in partnership with ubs@partners.WSJ.com UBS, Spotify and Apple Podcasts.
In a blow to Elon Musk,
a judge rules Doge's move to dismantle USAID was likely unconstitutional plus how a decades old chicken tax sheds light on the barrage of new tariff being pursued by the Trump administration.
What the history of the chicken tax shows is
that it really means there aren't any imports of vehicles which are taxed at 25%
because it's impossible to make them competitive at that level.
And Fitch Ratings adds its name to a slew of prominent forecasters downgrading the outlook for economic growth.
It's Wednesday, March 19th.
I'm Kate Bullivant for the Wall Street Journal, filling in for Luke Vargas,
and here is the AM edition of what's News, the top headlines and business stories.
Your World Today.
A federal judge has blocked the Pentagon from implementing President Trump's executive order that excludes transgender individuals from serving openly in the military,
marking a major legal setback for one of the administration's policy priorities.
Judge Ana Reyes ruled the order likely violated the constitutional guarantee of equal protection and issued a preliminary injunction that halted it
while it litigation continues.
The government defended the policy,
saying that military leadership has the broad authority to decide medical criteria for service members,
while current and prospective transgender service members challenged the executive order as discriminatory.