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

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 13 August 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Aug. 13. A revived tax deduction is prompting tech startups to dust off their hiring plans. WSJ special writer Theo Francis discusses the change and its implications. Plus, the New York Attorney General is suing the parent company of payments platform Zelle for allegedly failing to protect users from fraud. We hear from Journal reporter Dylan Tokar about why the suit, which was abandoned by a now-dismantled federal watchdog for consumers, may not be the last of its kind to come from attorneys general of democratic states. And President Trump meets with European leaders to discuss red lines in Ukraine. WSJ chief European political correspondent Bojan Pancevski joins to talk about how the call went and what it means ahead of Trump’s planned summit with Russian President Vladimir Putin on Friday. Alex Ossola 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	Millions of Americans use credit cards to purchase goods every day. The Durbin Marshall credit card mandates put the secure transactions you rely on at risk, leaving you vulnerable to hackers and foreign cybercriminals that want your data. Hackers win. You lose. Guard your card before it's too late. Tell Congress your data security is not for sale
0:23.5	and oppose the Durbin Marshall credit card mandates. Paid for by Electronic Payments Coalition.
0:33.7	President Trump agrees to Europe's red lines on Ukraine before his summit with President Putin.
0:39.6	Plus, why tech startups are looking to spend a lot more on research and development within the U.S.
0:45.1	When a company spends money on R&D and hires people to perform R&D roles, they can take a deduction immediately.
0:53.5	So in effect, it is cheaper to hire
0:55.7	people in the U.S. than it was a few weeks ago. And the New York Attorney General sues the owner
1:00.8	of Payments Platform Zelle. It's Wednesday, August 13th. I'm Alex O'Soulaf for the Wall Street
1:06.8	Journal. This is the PM edition of What's News, the top headlines and business stories that
1:12.1	move the world today.
1:16.6	This morning, President Trump had a call with select European leaders at a virtual summit
1:21.4	convened by German Chancellor Friedrich Merritt. Speaking after the call ended, Trump said
1:26.4	it was constructive. We had a very good call. He was on the call. President Zelensky was after the call ended, Trump said it was constructive.
1:27.9	We had a very good call. He was on the call. President Zelensky was on the call. I would rate it at 10.
1:34.3	Trump also threatened President Vladimir Putin with, quote, very severe consequences if the Russian
1:39.5	president refused a ceasefire in their meeting plan for Friday, which officials describe as the most
1:44.6	significant negotiation between the West and Russia since the full-scale invasion of Ukraine in February
1:49.8	2022. Shortly before the meeting was set to begin today, the Russian government reiterated its
1:55.6	conditions for ending the war, including a demand that Ukraine withdraw from territories that Russia
2:00.8	hasn't conquered.
2:02.1	That appeared to roll back an earlier offer Putin made to Trump's special envoy Steve Whitkoff,
2:07.2	who told European officials last week that Moscow might agree to freeze the front line in
	...

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