Ep 11. Victory Smoke

In the latest episode of Billions season 5 titled 'Victory Smoke', the long-drawn-out feud between Axe Capital and Taylor Mason Capital comes to a head as the two sides engage in a high-stakes battle.

The episode starts off with Axe, Chuck, and Wendy putting the final touches on their plan to take down Taylor and their company. They strategize and come up with a plan to exploit Taylor's weaknesses and ultimately emerge victorious. Meanwhile, Taylor and their team are equally determined to come out on top and thwart Axe's every move.

As the episode progresses, tensions mount and the pressure intensifies, with both sides constantly trying to outdo each other. While Axe and his team use everything in their arsenal – from insider trading to blackmail – to gain an edge over Taylor, the latter begins to unravel and shows signs of panic as they try to keep their company afloat.

Amidst all this chaos, we also see glimpses of the personal lives of the characters and how they deal with the stress of their jobs. Chuck's marriage seems to be on shaky ground as his wife Wendy is caught in the middle of the Axe-Taylor feud. Meanwhile, Taylor's struggles with trust issues and betrayal take a toll on their personal relationships.

The episode culminates in a tense showdown between Axe and Taylor, with both giving it their all to emerge victorious. As the battle rages on, it becomes clear that neither side is going to back down without a fight. In the end, the question remains – who will come out on top?

'Victory Smoke' is a riveting episode that keeps you on the edge of your seat until the very end. The complex relationships between the characters and the high stakes of the battle make for compelling viewing. While the episode doesn't offer any easy answers, it does leave you wanting more and eager to see how the saga unfolds in the upcoming episodes.