In October two US oil and gas giants announced massive deals: Chevron bought Hess, and ExxonMobil acquired Pioneer Natural Resources. These deals expand each company’s operations and secure their access to more oil for decades to come. But recent forecasts say global demand for fossil fuels will soon reach its peak. The FT’s Myles McCormick looks at why these companies are betting oil demand will stick around and whether that bet will pay off.  Clips from Yahoo Finance, Reuters, CNBC, Bloomberg  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Oil megadeals usher in an age of energy uncertainty Dealmakers see Chevron-Hess tie-up as the start of oil ‘arms race’ The race to be last man standing in Big Oil  ‘Jewel in the crown’: Chevron follows Exxon to Guyana’s oil riches - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Myles McCormick (@mylesmccormick_) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

It has been more than two years since GameStop’s stock caught fire on social media, at one point rising 135% in one day. The new film Dumb Money chronicles how the GameStop saga played out. The FT’s Ethan Wu sits down with the movie’s writers, Rebecca Angelo and Lauren Schuker Blum, to get a behind-the-scenes look at everything that went into the film.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Well, actually: Our ‘Dumb Money’ movie review Dumb Money film review —GameStop short-selling comedy hedges its bets GameStop: from YouTube to Wall Street to Hollywood in Dumb Money - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Ethan Wu (@ethanywu) & listen to Unhedged here!  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.