What’s Driving Tech Companies to Hire More U.S. Workers?
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What is the main topic discussed in this episode?
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President Trump agrees to Europe's red lines on Ukraine before his summit with President Putin. Plus, why tech startups are looking to spend a lot more on research and development within the U.S.
When a company spends money on R&D and hires people to perform R&D roles, they can take a deduction immediately. So in effect, it is cheaper to hire people in the U.S. than it was a few weeks ago.
And the New York attorney general sues the owner of payments platform Zelle. It's Wednesday, August 13th. I'm Alex Ocelev for The Wall Street Journal. This is the p.m. edition of What's News, the top headlines and business stories that move the world today. This morning, President Trump had a call with select European leaders at a virtual summit convened by German Chancellor Friedrich Merz. Speaking after the call ended, Trump said it was constructive.
We had a very good call. He was on the call. President Zelensky was on the call. I would rate it a 10.
Trump also threatened President Vladimir Putin with, quote, very severe consequences if the Russian president refused a ceasefire in their meeting planned for Friday, which officials describe as the most significant negotiation between the West and Russia since the full-scale invasion of Ukraine in February 2022. Shortly before the meeting was set to begin today, the Russian government reiterated its conditions for ending the war, including a demand that Ukraine withdraw from territories that Russia hasn't conquered. That appeared to roll back an earlier offer Putin made to Trump's special envoy Steve Witkoff, who told European officials last week that Moscow might agree to freeze the front line in southern Ukraine if Kyiv agreed to cede territory in the east.
I'm joined now by WSJ chief European political correspondent Bojan Panczewski. Bojan, let's go back to this morning's call. Did European leaders get what they wanted out of it?
Yes, indeed, they say they have.
What are the top headlines introduced at the start of the episode?
I've spoken to several senior aides to European leaders from different countries that participated in the call, and they were all exceedingly satisfied with the outcome. They felt Trump was listening. He was extremely attentive. He was in agreement with everything they said. Bullet points, which they tried to hammer home to him to take away to the meeting with the Russian president in Alaska on Friday, and Trump agreed with every single one of them. He was totally receptive of the arguments, and he seemed to be engaging very constructively.
What are those bullet points that they were referring to?
Well, the number one is a ceasefire before everything else. They said you can't discuss anything while there is bloodshed on the battlefield. Trump is responsive to this because this is something that he's been calling for for over a year now and certainly since he came into office. The second thing is that no territorial discussions exist. can be made unless you take the current battle line as the basis for such discussions. The contact line becomes the boundary. We freeze it and then we can talk if Ukraine wants to and if Russia wants to. Number three was only Ukraine can negotiate territorial issues. Nobody else on behalf of Ukraine, not Europe, not the United States. Trump immediately agreed to this.
which was a great boon for the Ukrainian president, who was actually physically present in Berlin, participating in the video conference. So Trump immediately agreed, no questions asked. And he said his role would be to open the door to these talks on Friday.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–2:28
2
What are the top headlines introduced at the start of the episode?
2:28–6:04
3
How did President Trump and European leaders frame red lines on Ukraine during the virtual call?
6:04–10:41
4
What did Bojan Pancevski say about Trump's reception to European talking points?
10:41–13:49