Why Businesses Are Selling Their Tariff Refund Claims to Wall Street

P.M. Edition for Feb. 25. Businesses are still figuring out whether they’ll get tariff refunds after last week’s Supreme Court decision. But some aren’t waiting for an answer; WSJ reporter Caitlin McCabe discusses how they’re selling their tariff refund claims to Wall Street traders. Plus, four people on a U.S.-registered speedboat were shot and killed after exchanging fire with Cuba's border guard. And prediction-market platform Kalshi has fined two users for breaking its rules. While it’s the first time the company has done so publicly, Journal reporter Krystal Hur says it likely won’t be the last. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.