P.M. Edition for March 20. Private equity, hedge funds and other investors are seeing potential in an unusual opportunity in Arizona—having an equity stake in law firms. National legal affairs reporter Erin Mulvaney has the story. And legal turmoil over a Texas immigration law leaves state and border residents mired in confusion. Reporter Elizabeth Findell has more. Plus, the Federal Reserve held interest-rates steady, but still sees three rate cuts on the horizon this year. The news sent all three major stock indexes to record highs. Chief economics commentator Greg Ip explains. Annmarie Fertoli hosts.
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