Netflix to Buy Warner Bros. for $72 Billion After the Entertainment Company Splits Off Cable Networks

Plus: The Federal Reserve got one last inflation reading to consider—a moderate monthly increase in prices—before next week's interest-rate decision. And Southwest Airlines cuts its profit guidance for the year. Pierre Bienaimé hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices