WSJ What’s News What’s News in Markets: AI Deals, Trump on Pharma, Banks Split
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Oct 18, 2025 Delve into the impact of recent AI dealmaking on stock prices, particularly the major boost from Broadcom's deal with OpenAI. Discover how President Trump's comments on weight-loss drugs rattled pharma shares, notably causing dips in Novo Nordisk and Eli Lilly. The podcast also highlights robust quarterly profits from the big six U.S. banks, which collectively earned an impressive $41 billion. Plus, learn about Walmart's innovative integration with AI for a new shopping experience. This week's market movements are both enlightening and entertaining!
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Banks Point To A Solid Consumer
- Strong bank earnings signaled a healthy U.S. consumer and steady economy during earnings season.
- That optimism helped lift markets early in the week before later worries returned.
AI Deals Drive Chip Demand
- Broadcom surged after a multi-billion dollar partnership to build custom AI chips with OpenAI.
- The deal increased industry scale of compute demand to about 26 gigawatts, underscoring massive AI infrastructure needs.
Chatbot Commerce Expands Retail Reach
- Walmart will let U.S. users buy nearly everything from its site through the OpenAI chatbot.
- Integrating commerce into chatbots could materially broaden retail distribution channels.