U.S. Sanctions Target Russian Oil Giants

A.M. Edition for Oct. 23. In a first for President Trump’s second term, the U.S. is imposing direct sanctions on oil giants Rosneft and Lukoil, crippling Russia’s war chest. WSJ’s Laurence Norman says it’s a milestone moment for the U.S. and its allies, as they look to end the war in Ukraine. Plus, Tesla’s stock drops off-hours as Elon Musk derails the earnings call for a chat about his pay package. And WSJ’s Jack Pitcher explains why some popular funds are racking up huge losses. Caitlin McCabe hosts.

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