Wsj What's News

P.M. Edition for Aug. 4. Tesla’s board has approved an interim pay package for CEO Elon Musk to incentivize him as he is dividing his time between several companies, with plans for a longer-term pay strategy. WSJ special writer Theo Francis reports that Musk wouldn’t be the only chief executive to enter the exclusive club of gaining stock-based pay worth more than $1 billion in a single year. Plus, though President Trump only signed his tax-and-spending megabill into law last month, some companies are already starting to feel the impact by having more cash on hand. We hear from the Journal’s Heard on the Street columnist Jonathan Weil about what that means for companies, their investors and the federal deficit. And as consumer spending stagnates, Americans are on the hunt for a good deal. WSJ corporate news reporter Katherine Hamilton discusses how U.S. consumers are trying to save money, and how companies are responding. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about