Trump Administration Backs Away From White-Collar Criminal Enforcement

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• 00:02

  The Trump administration is backing away from prosecuting certain cases of white collar crime.

• 00:08

  White collar crime or cases against executives where there are not clear victims from the misconduct,

• 00:15

  those don't appear to be popular.

• 00:17

  Plus, the president's trade war threatens the office space market recovery.

• 00:22

  And Meta fights to keep Instagram and WhatsApp as its antitrust trial begins.

• 00:28

  It's Monday, April 14th.

• 00:29

  I'm Pierre Bienemé for The Wall Street Journal, filling in for Alex Ossola.

• 00:33

  This is the PM edition of What's News, the top headlines and business stories that move the world today.

• 00:40

  U.S.

• 00:40

  investors welcomed a tariff rollback for the tech industry.

• 00:44

  The exemption for smartphones, computers,

• 00:46

  and memory chips amounts to a big reprieve for Apple and others that make many items in China.

• 00:52

  President Trump said this afternoon that he's looking at some tariff pauses to help automakers as well.

• 00:57

  Shares of companies like Ford and General Motors perked up on the news.

• 01:03

  In U.S.

• 01:03

  markets today, the S&P 500 and the Dow rose about 0.8 percent, while the NASDAQ composite rose about 0.6 percent.

• 01:12

  Facebook owner Meta Platforms squared off with the Federal Trade Commission today in the start of a trial that could shape the future of antitrust enforcement and force the company to break itself up by selling the Instagram and WhatsApp.

• 01:25

  The FTC wants to compel Meta to undo its acquisitions of those two platforms,

• 01:30

  alleging it wields an illegal monopoly in social media, something Meta denies.

• 01:35

  WSJ reporter Megan Berbrowski covers Meta and social media and says the company has a lot to lose.

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