What’s Driving Tech Companies to Hire More U.S. Workers?

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• 00:03

  President Trump agrees to Europe's red lines on Ukraine before his summit with President Putin.

• 00:09

  Plus, why tech startups are looking to spend a lot more on research and development within the U.S.

• 00:14

  When a company spends money on R&D and hires people to perform R&D roles,

• 00:20

  they can take a deduction immediately.

• 00:22

  So in effect, it is cheaper to hire people in the U.S. than it was a few weeks ago.

• 00:27

  And the New York attorney general sues the owner of payments platform Zelle.

• 00:32

  It's Wednesday, August 13th.

• 00:34

  I'm Alex Oselev for The Wall Street Journal.

• 00:36

  This is the PM edition of What's News,

• 00:39

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

• 00:46

  This morning,

• 00:47

  President Trump had a call with select European leaders at a virtual summit convened by German Chancellor Friedrich Merz.

• 00:53

  Speaking after the call ended, Trump said it was constructive.

• 00:57

  We had a very good call.

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  He was on the call.

• 00:59

  President Zelensky was on the call.

• 01:01

  I would rate it a 10.

• 01:03

  Trump also threatened President Vladimir Putin with, quote,

• 01:06

  very severe consequences

• 01:08

  if the Russian president refused a ceasefire in their meeting planned for Friday,

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