P.M. Edition for July 28. Business leaders on both sides of the Atlantic welcomed a trade deal between the U.S. and European Union, despite pushback from Europe. WSJ White House economic policy reporter Brian Schwartz discusses how the deal came to be and the reaction from around the world. Plus, workforces are getting smaller and CEOs want everyone to know. WSJ’s Chip Cutter explains why companies are bragging about staff reductions. And is Dubai chocolate the next pumpkin spice? WSJ’s Owen Tucker-Smith talks about the latest food craze and its possible staying power. Sabrina Siddiqui 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.