For You This Banana Costs $1, For Her It's $1.50

SPEAKER_1 (0:00)

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Luke Vargas (0:33)

The Supreme Court helps to clear the way for President Trump's restrictions on mail-in voting. Plus, more companies prepare to join Wall Street's IPO bonanza.

And we'll speak to a pair of congressmen pushing to end so-called personalized dynamic pricing in grocery stores.

Josh Gottheimer (0:49)

People are feeling crushed, right, between their utility bills, their food prices, their child care prices, and when they feel like the system is rigged against them, right, because like something beyond their control, which is what happens when they're being surveilled.

Luke Vargas (1:04)

It's Tuesday, August 25th. I'm Luke Vargas for the Wall Street Journal. And here is the AM edition of What's News, the top headlines and business stories moving your world today.

We begin in Washington, where the Supreme Court has cleared a legal hurdle for President Trump's mail-in voting restrictions ahead of November's midterms. The court ruled that a trial judge was wrong to block provisions from a March executive order which the administration said it aimed to safeguard election integrity. That order asked the Department of Homeland Security to draw up lists of eligible voters and suggested that the Postal Service should refuse to deliver mail ballots in states that don't comply with the new rules.

James Romoser (1:45)

One really important development occurred just last Friday. The Postal Service issued a 95-page regulation implementing much of the executive order.

Luke Vargas (1:59)

That's James Romoser who covers the Supreme Court for the Journal and who said there are concerns the new rules could disenfranchise some voters.

James Romoser (2:06)

Trump has repeatedly railed against mail-in voting. The states that are challenging these policies and voting rights groups say that the Postal Service has never before taken on such a direct role in monitoring ballots and so trying to roll out such a massive new and untested policy on such a tight time frame is bound to create all sorts of errors.

Luke Vargas (2:34)

James says the court's decision is unlikely to be the final word on the matter.

James Romoser (2:39)

And so I would expect further rulings on the substance of the Postal Service regulation.

If I were a betting man, I would bet in the coming weeks that this issue might rush right back up, right back to the Supreme Court. The Trump administration is certainly trying its hardest to implement these policies before the midterms. Election Day is just 10 weeks away and well before that, states really need to start mailing out their ballots. So we're under an incredibly compressed timeline here.

Luke Vargas (3:11)

It's runoff day in South Carolina where Trump-aligned super PAC MAGA Inc. is spending big to boost Senator Darlene Graham, the sister of the late Lindsey Graham, as she tries to fend off a late push by Representative Ralph Norman. MAGA Inc.'s $800,000 spend on get out the vote calls and text messages ahead of the GOP Senate runoff comes as the president looks to avoid an embarrassing loss by a candidate that he'd encouraged to enter the race and campaign for last week.

SPEAKER_5 (3:38)

The real Republican Party is 100% make America great. But they're only fighting Darlene because they want me to lose, which isn't fair.

Luke Vargas (3:52)

Meanwhile, Norman is receiving help from the Freedom Caucus Fund, which ran this ad highlighting Graham's recent debate stumble when she was pressed on America's national security interests in Taiwan and the South China Sea.

SPEAKER_6 (4:04)

I'm not that informed on national security.

SPEAKER_7 (4:07)

Darlene Graham is a nice lady, way out of her league. Ralph Normans, the proven Freedom Caucus conservative South Carolina needs now.

Luke Vargas (4:16)

We'll get you the results from that race on tomorrow's pod. The Trump administration is planning what could be the largest mass visa revocation in US history, targeting up to 200,000 foreigners who had applied for asylum. Under the proposal, the State Department and Department of Homeland Security are reviewing all B-1 business and B-2 tourism visas to revoke them from individuals who enter the country for short-term visits and then filed for asylum. The plan follows a slate of other moves to tighten asylum rules and crack down on immigration, including a higher H-1B visa fee we reported on yesterday and the revocation of over 175,000 visas earlier this month.