P.M. Edition for Aug. 12. Former Disney CEO Bob Iger and investor Joshua Kushner are <a href="https://www.wsj.com/sports/basketball/lakers-iger-kushner-walter-d63f33ad?mod=breakingnews?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">buying the Los Angeles Lakers</a> for $12.5 billion—the highest-ever valuation for any sports team. WSJ sports reporter <a href="https://www.wsj.com/news/author/andrew-beaton?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">Andrew Beaton</a> discusses the sale, which he calls a “stunning twist.” Plus, <a href="https://www.wsj.com/articles/cpi-inflation-report-july-2026-6381275d?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">inflation cooled slightly</a> last month to 3.4%. Journal economics reporter <a href="https://www.wsj.com/news/author/matt-grossman?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">Matt Grossman</a> joins to talk about what it could mean for the Federal Reserve. And ticket reseller StubHub reported record revenue, thanks in part to this summer’s World Cup. But as retail reporter <a href="https://www.wsj.com/news/author/hanna-krueger?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">Hanna Krueger</a> details, both during and well before the World Cup, some fans were disappointed when the tickets they bought on StubHub didn’t work and they faced <a href="https://www.wsj.com/business/stubhub-tickets-resell-refund-de5ef8c3?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">lengthy fights to get their money back</a>. Alex Ossola hosts.

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