WSJ What’s News

Why Elon Musk Is Getting Back Into U.S. Politics

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Key takeaways

  • Elon Musk is reinvigorating his political donations and strategies with a focus on the 2024 midterms.
  • Intel is facing financial difficulties, projecting losses and experiencing a stock downturn.
  • The U.S. government's updated dietary guidelines suggest limiting artificial sweeteners, impacting the beverage industry.
  • Alex Honnold is set to climb the Taipei 101 live on Netflix as part of their effort to create compelling live content.

Summary

Elon Musk's Political Re-entry

Elon Musk is making headlines again in U.S. politics, having previously been a major donor to Republican campaigns. After a falling out with former President Trump, Musk is now refocusing his efforts on converting Trump voters into midterm voters. He has already donated $10 million to a Republican Senate candidate in Kentucky and is strategizing to influence the upcoming elections through early meetings with various political vendors. Musk's goal seems to revolve around maintaining the Republican majority in Congress and leveraging his influence to ensure policies align with his vision. Despite his previous setbacks in political donations, Musk's reactivation in politics signals a renewed commitment to Republican candidates.

Intel's Struggles and Market Reactions

In the tech world, Intel reported disappointing fourth-quarter results, leading to a significant 17% drop in its stock. The company is facing challenges such as inventory shortages and high costs in chip production, which hinder its ability to meet demand for the latest data center servers. Even though Intel's stock had seen recovery over the past six months, this latest report dampens investor hopes for a quick turnaround. The mixed reactions in the stock market saw the Dow decline while the NASDAQ gained, indicating varied investor confidence across sectors.

Dietary Guidelines Shift Regarding Artificial Sweeteners

The U.S. government has updated its dietary guidelines, now recommending that consumers limit the intake of both sugary drinks and artificial sweeteners, including aspartame and sucralose. This recommendation poses a challenge for beverage companies which have relied heavily on these alternatives to cut sugar content. Discussions on how companies like Coca-Cola and Pepsi might adapt to these changes include the possibility of transitioning to more natural sweeteners. As the debate surrounding the health effects of artificial sweeteners continues, the beverage industry faces a crucial juncture regarding its product offerings.

Alex Honnold's Upcoming Live Climb on Netflix

For thrill-seekers and fans of extreme sports, Alex Honnold, famed for his free solo climbing, is set to scale the Taipei 101 Tower live on Netflix. This follow-up to his acclaimed documentary 'Free Solo' showcases his fearless persona, but with Netflix hoping to tap into audience's morbid curiosity. This live event is part of Netflix's strategy to create high-stakes, engaging content reminiscent of past live events. Honnold is prepped to tackle this challenge, which promises to draw significant attention in the realm of live entertainment.

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Show notes

P.M. Edition for Jan. 23. After falling out with President Trump last year, Elon Musk is once again donating millions to Republicans. WSJ reporter Emily Glazer discusses what the world’s richest man hopes to accomplish in this year’s midterms. Plus, Intel’s stock slides after it reports a disappointing quarter and forecasts more losses for this quarter. And the recently updated U.S. dietary guidelines advise Americans to limit artificial sweeteners. We hear from Journal reporter Laura Cooper about what this might mean for the food and beverage industry. Alex Ossola hosts.


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