U.S. Sanctions Aren’t Touching Russia’s Hottest Startup

A.M. Edition for Aug. 10. Iran dials up its demands in talks to reopen the Strait of Hormuz. Plus, Meta embraces open-weight AI models in a bid to blunt the appeal of cheaper Chinese competition. And WSJ finance editor Alex Frangos breaks down how a payment network backed by the Russian government reveals the limits of Western efforts to economically isolate Moscow. Luke Vargas hosts.