P.M. Edition for Jan. 21. President Trump <a href="https://www.wsj.com/livecoverage/greenland-trump-tariffs-trade-eu?mod=WSJ_WNPOD">dials down the rhetoric with Europe</a>, calling off threatened tariffs on several European nations after saying he wouldn’t use force to take Greenland. We hear from WSJ national security reporter <a href="https://www.wsj.com/news/author/robbie-gramer?mod=WSJ_WNPOD">Robbie Gramer</a> about how European leaders are responding. Plus, <a href="https://www.wsj.com/livecoverage/stock-market-today-fed-lisa-cook-trump-nvidia-01-21-2026?mod=WSJ_WNPOD">U.S. stocks jump</a> in response to Trump’s de-escalation. And, the <a href="https://www.wsj.com/livecoverage/supreme-court-lisa-cook-hearing?mod=WSJ_WNPOD">Supreme Court heard oral arguments today</a> in the case of Fed governor Lisa Cook. The Journal’s chief economics correspondent <a href="https://www.wsj.com/news/author/nick-timiraos?mod=WSJ_WNPOD">Nick Timiraos</a> says the court seemed skeptical of the Trump administration’s attempt to fire her and discusses what that means for the central bank’s independence. Alex Ossola hosts.

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