Why is Trump throwing money at the Argentine peso?

The U.S. just agreed to spend $20 billion on a currency exchange with Argentina. The hope? To put a lid on inflation before Javier Milei, an ally of President Trump, is up for re-election. How does that work? What’s in it for the U.S.? Later in this episode: AI firms juice the stock market, an economist explains Trump’s flavor of state capitalism, and sports betting sites push the boundary between state and federal regulation.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.