P.M. Edition for Aug. 25. This year, net immigration to the U.S. could be negative for the first time in decades, some experts predict. WSJ reporter Paul Kiernan discusses what impact that might have on the country’s job market—and the economy overall—in the short and long term. Plus, some of the biggest names in Silicon Valley have created a network of super-PACs to advocate against AI regulations ahead of next year’s midterms. WSJ tech policy reporter Amrith Ramkumar tells us what that means about tech’s changing relationship with politics. And, at a time when many retailers are exiting American malls, Dillard’s is buying one. Journal reporter Kate King joins to talk about the company’s motivations. 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.