WSJ What’s News
WSJ What’s News

What This Year’s Dealmaking Boom Means for 2026

December 24, 2025

AI Summary

5 min read

🎙️ The Voices & The Context

  • The Format: This fast-paced daily news briefing delivers concise business headlines with expert analysis, blending solo narration and a targeted interview to unpack market-moving stories on a holiday-shortened schedule. Informative and forward-looking.
  • The Format: A host-led news roundup featuring interviews and anecdotes.
  • The Key Players:
    • Host: Alex Ossola – WSJ journalist steering the episode with crisp delivery through global headlines and transitions to deeper dives.
    • Guest: Lauren Thomas – WSJ lead deals reporter, bringing insider perspective on M&A trends with sharp, optimistic insights into Wall Street's dealmaking revival.

🗝️ Key Themes & Topics

This episode captures a whirlwind of year-end business pulses: massive tax settlements, geopolitical tensions spilling into business, surging deal activity amid policy shifts, and innovative teen entrepreneurship fueled by AI. Four core threads emerge, highlighting fraud accountability, censorship clashes, war's energy toll, and bullish M&A forecasts.

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What you'll learn

  • 1 (00:46) **Opening Headlines and Host Introduction**
  • 2 (01:04) **Robert Brockman Estate Tax Fraud Settlement**
  • 3 (01:57) **US Visa Restrictions on EU Censorship Figures**
  • 4 (02:37) **Ukraine Peace Proposal and Energy Crisis**
  • 5 (03:28) **Upcoming Segments Tease**
  • 6 (04:14) **Recent Deal Announcements**
  • 7 (04:48) **2025 M&A Year in Review**

+ Full timestamped outline available in the app

Show Notes

Edition for Dec. 24. This year has been a big one for deals, with some blockbuster mergers and big-name breakups. WSJ lead deals reporter Lauren Thomas discusses what drove all that activity in 2025, and what she’ll be keeping her eye on in the year to come. Plus, the heirs to Texas billionaire Robert Brockman will pay $750 million in the biggest U.S. tax fraud case ever. And Ukrainian President Volodymyr Zelensky proposes a demilitarized zone in the eastern region of Donetsk as part of a potential peace deal. Alex Ossola hosts. Programming note: What’s News is publishing once a day through Jan. 2.

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