P.M. Edition for July 10. Private-equity firms are using increasingly aggressive recruitment tactics to hire recent college graduates working at big banks. WSJ reporter AnnaMaria Andriotis discusses why the recruits are being wooed away and what banks are doing about it. Plus, investors are down on Google parent Alphabet as it faces threats to its business. Heard on the Street writer Asa Fitch walks us through those challenges and what they mean for the company’s future prospects. And a federal judge issues a new block on the Trump administration’s birthright-citizenship order. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.