Musk-Led Group Makes $97.4 Billion Bid to Control OpenAI

Plus: Elliott Investment Management ratchets up the pressure on oil refiner Phillips 66. And, South Korea’s state think tank cuts its growth forecast for this year, citing U.S. tariffs as a risk. Kate Bullivant hosts. Sign up for WSJ’s free What’s News newsletter.   Learn more about your ad choices. Visit megaphone.fm/adchoices