P.M. Edition for Dec. 30. As Joe Biden’s presidency draws to a close, WSJ chief economics commentator Greg Ip discusses what of his economic policy could last into—or be undone by—President-elect Donald Trump. And Trump has endorsed House Speaker Mike Johnson for another term. Wall Street Journal reporter Lindsay Wise talks about what that means for Johnson’s prospects. Plus, investors have poured more than $1 trillion into U.S. exchange-traded funds, or ETFs, in 2024. Alex Ossola hosts.

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