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WSJ What’s News

Trump Tightens Migrant Work Permits in Legal Immigration Crackdown

WSJ What’s News

The Wall Street Journal

Daily News, News

44K Ratings

🗓️ 4 December 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

P.M. Edition for Dec. 4. The Trump administration cut the validity of work permits for some migrants to 18 months rather than five years, saying more vetting of immigrants is needed. Plus, the fight over Warner Bros. Discovery gets messy as Paramount says rival Netflix’s bid has problems. And WSJ’s Peter Grant explains how New York City became the epicenter of office-to-residential conversions. To see examples of the changes developers are making to buildings, read his story. Sabrina Siddiqui hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

AI is moving faster than ever, transforming industries and redefining possibilities.

0:06.0

That's why the world's most advanced companies build on ARM, scalable, efficient, and trusted by billions.

0:13.0

From the largest cloud to the smallest device, Arm delivers the compute performance AI depends on.

0:19.0

AI innovation is built on ARM.

0:22.2

Find out more at arm.com forward slash discover.

0:29.6

The Trump administration cracks down on work permits for migrants.

0:36.5

Plus, U.S. officials arrested a Virginia man accused

0:39.9

of planting pipe bombs in D.C. before the January 6th Capitol attack. And how New York City

0:46.6

became the epicenter in the push to convert offices to apartments. In the current office downturn,

0:52.5

there are many midtown buildings that are facing very high vacancy.

0:58.2

So buildings you never would have thought of as apartment buildings are being considered for these types of conversions.

1:05.3

It's Thursday, December 4th. I'm Sabrina Siddiqui for the Wall Street Journal, filling in for Alex Olsula.

1:10.7

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

1:23.6

The battle to acquire Warner Brothers' discovery is heating up.

1:28.2

One of its suitors, Paramount, criticized rival Netflix's bid, saying in a letter this week

1:33.3

to Warner that regulatory hurdles would block a deal with the streaming giant.

1:38.2

The previously unreported letter, which was sent on Monday and viewed by the Wall Street

1:41.7

Journal, says Paramount's own proposal was the only one

1:45.2

that didn't raise antitrust issues. People familiar with the matter say Warner is seeking more

1:51.1

bids by the end of today and plans to finish the auction by the end of the month. Paramount is aiming

1:57.0

to buy the whole company, while Netflix and Comcast are bidding for Warner's movie

2:01.7

and TV studios and libraries as well as HBO Max. Turning to finance, the Trump administration

...

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