Musk Taps Into Private Credit to Fund AI Ambitions

This Wall Street Journal "What's News" PM Edition covers several business and current affairs stories. It includes an exclusive report on Elon Musk's xAI seeking $12 billion for AI expansion, an analysis of how Trump's tariffs are impacting General Motors and the auto industry, and the standstill in the House of Representatives due to discord over the Jeffrey Epstein investigation. The podcast further discusses the potential impact of "buy now pay later" services on credit scores and how banks are reacting, and the increasing trend of private credit firms hiring in-house legal talent to handle deal complexity and regulatory compliance. It also briefly mentions U.S. trade pacts with the Philippines and Indonesia, Treasury Secretary Scott Besant's comments on Federal Reserve Chair Jerome Powell, and the day's performance of major U.S. stock indexes.