Edition for Dec. 31. We recap a <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-12-31-2025?mod=hp_lead_pos3?mod=WSJ_WNPOD">banner year for global markets</a>, propelled in large part by the AI boom. Plus, OpenAI rewards its employees <a href="https://www.wsj.com/tech/ai/openai-is-paying-employees-more-than-any-major-tech-startup-in-history-23472527?mod=hp_lead_pos2?mod=WSJ_WNPOD">more than any major tech startup has in history</a>. And Journal bureau chiefs preview the global flashpoints likely to dominate 2026. Luke Vargas hosts.

Programming note: What’s News is off tomorrow and will publish one show on Friday.

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