P.M. Edition for Feb. 25. Elon Musk’s Department of Government Efficiency is looking to end or consolidate nearly 100 leases for government agency offices. WSJ reporter Peter Grant discusses the impact on the recovering office market. Plus, thousands of employees on church retirement plans have lost some or all of their pension benefits. WSJ special writer Theo Francis explains how these plans sidestep federal oversight—and employees pay the price. And how a $25 gift card is tearing apart a community in the Hamptons. Alex Ossola hosts.

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