The Office Renovation at the Heart of Trump’s Campaign Against Powell

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• 00:03

  How a building renovation is at the center of President Trump's effort to oust Fed Chair Powell.

• 00:09

  This is a credible threat to possibly try to remove the Fed Chair.

• 00:13

  This could be a pretext to try to fire Powell and say, well,

• 00:16

  this isn't over interest rates, this is over mismanaging your building costs.

• 00:19

  Plus, why some Republican lawmakers are pushing to protect unauthorized immigrants.

• 00:24

  And China is threatening to block the sale of Panama Canal ports unless its shipping giant can get in on it.

• 00:31

  It's Thursday, July 17th.

• 00:33

  I'm Alex Osula for The Wall Street Journal.

• 00:36

  This is the p.m. edition of What's News,

• 00:38

  the top headlines and business stories that move the world today.

• 00:46

  We kick off this evening's show with some business news.

• 00:49

  Meta platforms' shareholders,

• 00:51

  who brought a data privacy case against current and former Meta officials,

• 00:55

  have agreed to settle, ending the trial on its second day.

• 00:59

  The settlement means high-profile Meta executives and board members will avoid testifying about their response to the Cambridge Analytica scandal.

• 01:07

  In 2018,

• 01:08

  a group of company shareholders sued some members of the board of what was then known as Facebook,

• 01:13

  alleging that the directors didn't ensure the company protected its users' data.

• 01:17

  That, they allege,

• 01:19

  led UK data firm Cambridge Analytica to improperly access information from millions of Facebook users.

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