By Emma Tucker

U.S. allies are clamoring for American fighter jets and other weapons, but almost nobody wants to buy new American warships. The USS Constellation's slow production and extra costs help explain why. In Silicon Valley, Google's deal to buy Wiz is set to turn a tiny investment in the cybersecurity startup into a $4 billion windfall. And Disney's live-action remake of "Snow White" is making pretty much everyone mad.

Today's Headlines

London's Heathrow Airport, a gateway to Europe for U.S. travelers, was shut down because of a power outage, with significant travel disruption expected.

Elon Musk is set to receive a briefing on the U.S. military's top-secret war plans for China, giving him insight into a closely guarded operational blueprint.

The WSJ spoke with the families of seven deported Venezuelan migrants. Some families said accusations of gang membership weren't true.

Israeli Prime Minister Benjamin Netanyahu fired his domestic intelligence chief, giving him a tighter grip on the government and hostage talks.

As the clock runs down on a White House ultimatum, Columbia University's interim president is at the center of a fight over the future of higher education.

Hong Kong tycoon Li Ka-shing has angered Beijing with the Panama Canal deal.

Live From The Markets

Elon Musk's role in the Trump administration has repelled some former Tesla fans.

Tesla's reputational troubles and Stellantis's falling sales are the latest examples of the obstacles facing transnational auto manufacturers, writes Jon Sindreu.

Read It Here First

This warship shows why the U.S. Navy is falling behind China.

Stocked with high-tech weaponry to protect against enemy submarines, missiles and drones, the Constellation was meant to address an embarrassing reality: The U.S. is now the global laggard in building warships. The U.S. chose a proven design from Italian shipbuilder Fincantieri in an effort to speed the process. Then the Navy started tinkering. Now, after 4½ years of design and construction, the project is only 10% complete, WSJ reports.

Wiz's seed investor is set to reap a windfall.

When a promising Israeli cybersecurity founder was in need of funding, Index Ventures kicked in $3.5 million. Flash forward five short years and that original seed money earned a 250-fold return earlier this week, turning into an $875 million stake, when Google agreed to buy Wiz for $32 billion. Berber Jin examines how a venture capitalist's hunch turned into a sizable return.

Expert Take

Q: A new Trump order seeks to abolish the Education Department. What comes next?

Trump signed a much-anticipated executive order directing Education Secretary Linda McMahon to dismantle the Education Department. But she will face complications in achieving that goal and one big roadblock: Congress, Ken Thomas and Matt Barnum report.

A: Trump's order directs McMahon to facilitate the closure of the agency to the maximum extent possible and permitted by law. But there are open legal questions about just how far the administration can go without Congress. While Republicans hold a 53-47 majority in the Senate, it is unlikely they would be able to gain support from Democrats to reach a filibuster-proof 60-vote majority to completely unwind the agency.

That leaves offices and programs within the department, but most of those are required by statute, with many codified in the law that created the agency. McMahon has previously said Trump wasn't intending to cut federal programs but to make them more efficient. Several lawsuits have already been filed arguing that the department has illegally cut programs required by law.

One of the Education Department's key responsibilities is to disperse student financial aid to colleges and universities. Trump recently suggested moving student loans to the Small Business Administration or the Treasury or Commerce departments. McMahon said Thursday that her department would still provide funds and support to college student borrowers.

See The Story

Trump says reciprocal tariffs will kick in on April 2, when the U.S. will match the higher tariffs other countries impose on the U.S. Economists explain why this "tit-for-tat" strategy isn't effective trade policy.

Happening Today

Columbia University's deadline to agree to demands from the White House.

Earnings: Carnival

Number Of The Day:

68

The number of U.S. bridges that should get risk assessments, the National Transportation Safety Board says. The NTSB recommended the safety checks to determine the risk of a collapse from a vessel collision like the accident that destroyed Baltimore's Francis Scott Key Bridge last March.

And Finally...

Disney's new 'Snow White' movie has been one grim fairy tale.

Disney's beloved classic has managed to hit every possible cultural landmine on its journey to theaters, from the casting of its star down to the seven dwarfs.

(END) Dow Jones Newswires

March 21, 2025 06:15 ET (10:15 GMT)

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