Wall Street Trading Revenues vs. Job Cuts

Market update for January 16, 2026

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In Today’s Episode:

• Zaid quoted in the WSJ: “he just has aura”
• Eli Lilly and Novo Nordisk hit with antitrust lawsuit
• Netflix expands its Sony Pictures deal and pushes further into video podcasts
• Energy stocks slide after the White House unveils a plan to stop power bills from going up
• Fun fact of the day: Wall Street banks posted a record $134 billion in trading revenue (while still cutting thousands of jobs)