P.M. Edition for Aug. 4. Tesla’s board has approved an <a href="https://www.wsj.com/business/autos/tesla-approves-ceo-musk-pay-package-7c75a7bf?mod=WSJ_WNPOD">interim pay package</a> 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 <a href="https://www.wsj.com/news/author/theo-francis?mod=WSJ_WNPOD">Theo Francis</a> reports that Musk wouldn’t be the only chief executive to enter the exclusive club of gaining stock-based pay worth <a href="https://www.wsj.com/business/c-suite/ceo-pay-growth-structure-63b91e62?mod=WSJ_WNPOD">more than $1 billion</a> in a single year. Plus, though President Trump only signed his tax-and-spending megabill into law last month, some companies are already <a href="https://www.wsj.com/finance/investing/cash-windfall-from-trumps-tax-law-is-starting-to-show-up-at-big-companies-6b519fc9?mod=WSJ_WNPOD">starting to feel the impact</a> by having more cash on hand. We hear from the Journal’s Heard on the Street columnist <a href="https://www.wsj.com/news/author/jonathan-weil?mod=WSJ_WNPOD">Jonathan Weil</a> about what that means for companies, their investors and the federal deficit. And as consumer spending stagnates, Americans are <a href="https://www.wsj.com/economy/consumers/consumer-spending-stagnant-uncertainty-c4e3d043?mod=WSJ_WNPOD">on the hunt for a good deal</a>. WSJ corporate news reporter <a href="https://www.wsj.com/news/author/katherine-hamilton?mod=WSJ_WNPOD">Katherine Hamilton</a> discusses how U.S. consumers are trying to save money, and how companies are responding. Alex Ossola hosts.
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