P.M. Edition for Sept. 3rd. Global bond yields are climbing; yields on U.K. 30-year gilts this week hit their highest level since 1998. WSJ columnist Spencer Jakab explains what this means for investors. Plus, Florida is pushing to repeal all vaccine mandates, a move that would make it the first state to end such rules. And the U.S. now has over 1,100 billionaires, but where do they live, and what industries built their fortunes? WSJ data reporter Inti Pacheco shares what he learned from the data. 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.