Why More U.S. Companies Are Pulling Back on Hiring

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• 00:03

  An appeals court throws out a $500 million civil fraud penalty against President Trump.

• 00:09

  Plus, more US companies plan to slow hiring in the second half of 2025.

• 00:15

  Companies are saying there's a lot of economic uncertainty out there.

• 00:18

  You've got this perfect storm of changes this year that has just made them a lot more cautious.

• 00:23

  And U.S. home sales unexpectedly rose 2% in July.

• 00:28

  It's Thursday, August 21st.

• 00:30

  I'm Sabrina Siddiqui for The Wall Street Journal, covering for Alex Ossola.

• 00:34

  This is the PM edition of What's News,

• 00:37

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

• 00:46

  An appeals court threw out a more than $500 million judgment against President Trump and his business empire,

• 00:53

  paving the way for further proceedings before New York's highest court.

• 00:57

  Today's decision from a five-judge panel provides a significant legal boost for Trump in a case that was brought by New York Attorney General Letitia James in 2022.

• 01:07

  Wall Street Journal reporter Corinne Ramey joins me now with the latest.

• 01:10

  Corinne, this was a sharply divided ruling.

• 01:13

  What did the justices say?

• 01:14

  So the justices threw out this massive penalty, this $500 million judgment against Trump.

• 01:20

  But the rest of it was pretty complicated.

• 01:23

  There were three opinions from this court, and the justices essentially did not reach a majority.

• 01:28

  And so they were divided on these various issues.

• 01:31

  What they did find, though, was that Attorney General Letitia James,

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