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Walmart cuts pay for some new hires as the market for hourly workers' coals. And freight

rail carriers could be forced to share tracks with their competitors.

It's a big deal. It's something that railroads do all the time voluntarily, but to have

that imposed by the government because the customer says they're not getting the service

that they deserve would be a big step.

Plus, as football season kicks off, sports betting companies are racing to sign up customers.

It's Thursday, September 7th. I'm Ann Marie for Toley for the Wall Street Journal. This

is the PM edition of What's News, the top headlines and business stories that moved the world

today.

We report exclusively that Walmart, the largest private employer in the US, is cutting starting

pay for some new hires. The company changed its wage structure for hourly workers in

mid-July, according to documents reviewed by the Wall Street Journal and store workers.

It's another sign that employers are trying to cut labor costs, as the once hot market

for hourly workers coals down. Joining me now to explain is Wall Street Journal retail

reporter Sarah Nassauer. Sarah, what does this mean for Walmart's new hires? Who exactly

...