In his State of the Union address, President Trump made exaggerated claims about the state of the economy, including prices, jobs and the cost of health care. Economics professor Justin Wolfers breaks down what Trump’s policies have meant for middle-class U.S. families.

Then, artificial intelligence companies are engaging in circular lending. For example, the high-tech chip-maker Nvidia is investing in the company OpenAI, and OpenAI is then buying chips from Nvidia. The Wall Street Journal’s Jonathan Weil explains what these deals mean and the risks behind them.

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