P.M. Edition for Aug. 31. The second quarter <a href="https://www.wsj.com/business/earnings/corporate-profit-america-44836dc6?mod=author_content_page_1_pos_2?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">was a good one</a> for S&P 500 companies. Per-share earnings soared 53% and many companies have raised their guidance. WSJ reporter <a href="https://www.wsj.com/news/author/theo-francis?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">Theo Francis</a> explains what’s propelling those gains. Plus, the Federal Trade Commission <a href="https://www.wsj.com/tech/ftc-to-file-lawsuit-alleging-amazon-deceived-advertisers-d71039ee?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">sues Amazon</a> for allegedly manipulating prices for ads on its site—and making billions from merchants. And the Supreme Court allows President Trump <a href="https://www.wsj.com/us-news/law/supreme-court-allows-trump-to-keep-building-white-house-ballroom-d45a7c1c?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">to keep building his White House ballroom</a>. Pierre Bienaimé hosts.

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