From the BBC World Service: The Canadian firm Couche-Tard, best known for Circle K, is walking away from a $47 billion bid to buy Japan’s Seven & i, the parent company of 7-Eleven. Couche-Tard says it faced a “calculated campaign of obfuscation and delay” from the Japanese side. Then, Americans are firing up their grills this summer, but they’re getting singed by the cost of beef. Prices continue to rise. We find out why.
Audio Mises Wire - Subsidies to Amtrak and Siemens: A Pathway To Cronyism For The Few
Despite assurances from Amtrak's administrators that profitability is just around the corner, Amtrak remains a huge money loser. However, even given the long distances of some of the routes, Amtrak could still be profitable if its leadership is willing to make changes.
Original article: https://mises.org/mises-wire/subsidies-amtrak-and-siemens-pathway-cronyism-few
Reset with Sasha-Ann Simons - Reduce, Reuse, Refuse
WSJ Minute Briefing - National-Security Concerns Delay Nvidia Chip Deal With U.A.E.
Plus: Canada’s Alimentation Couche-Tard has abandoned its $47 billion bid to buy Japanese 7-Eleven operator Seven & i. And United Airlines says it’s expecting a travel rebound in the second half of 2025 as it resets its profit guidance. Azhar Sukri hosts.
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WSJ What’s News - Trump Floats Blanket Tariff Rate of 10% or 15% for 150 Countries
A.M. Edition for July 17. The dollar rises on President Trump’s latest tariff threat to notify as many as 150 nations about unilateral levies. Plus, Canadian convenience store giant Alimentation Couche-Tard abandons a $47 billion bid to buy Japanese 7-Eleven operator Seven & i. And WSJ’s Eliot Brown says some Trump administration officials are holding up a landmark deal that would allow the United Arab Emirates to buy billions of dollars in Nvidia’s cutting-edge artificial-intelligence chips over national-security concerns. Azhar Sukri hosts.
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The Intelligence from The Economist - Gown and out: are British universities broke?
UK universities are internationally renowned, but their finances are in a mess. Our correspondent offers a lesson in how to fix them. Why an amateur football league is thriving in China. And what Superman tells us about American foreign policy. Listeners of “The Intelligence” get 15% off our business writing and storytelling course. Visit economist.com/writingcourse and use code INTELLIGENCE
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Up First from NPR - Public Media Cuts, Trump And Fed Chair, Israel Strikes Syria
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Today's episode of Up First was edited by Gerry Holmes, Dana Farrington, Miguel Macias, Janaya Williams and Mohamad ElBardicy.It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas.We get engineering support from David Greenburg. And our technical director is Carleigh Strange.
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Marketplace All-in-One - ICE uses insurance fraud database to search for deportation targets
Marketplace's Meghan McCarty Carino speaks with Joseph Cox, a reporter at the tech news site 404 Media, about his recent reporting on how ICE is uses ISO ClaimSearch, among other databases, to find deportation targets.
Code Story: Insights from Startup Tech Leaders - S11 Bonus: Evan Henshaw-Plath (aka Rabble), Rabble Labs & Verse
Evan Henshaw-Plath, also known as Rabble, was born in Berkeley while his Mom was a student. His parents were hippies, and he grew up near Silicon Valley, which gave him access to work with startups as early as High School. He founded Odeo, which eventually became Twitter. He got the name Rabble cause it was founded by three Evan's, which didn't work - so he went with his online nickname. He has a cool track record of working not only on Twitter, but Flickr, Palm, and other big names. He lives in New Zealand, enjoying all the outdoor activities, and participates in activism in digital rights and environmentalism. Being a Vegetarian, he admits that his comfort food is Mexican cuisine, which he doesn't get a lot of in the land of the Kiwis.
Rabble was disappointed when Twitter shut down its open app capabilities. He wanted something like Twitter, but built to where someone couldn't take away his access. He started to dig into protocols, and eventually landed in San Francisco to tell his friends that he was going to make social media work like email and messaging.
This is the creation story of Rabble Labs & Verse.
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Headlines From The Times - Deadly Gaza Aid Chaos, Trump’s Epstein Reversal, Deportations to Eswatini, Weather Cuts, AI Expansion, and Downtown LA Struggles
At least 20 Palestinians die in a stampede at a Gaza food distribution site, with conflicting accounts of what triggered the deadly panic. Meanwhile, President Trump shocks his own supporters by dismissing demands to release Jeffrey Epstein’s client list, calling it a “Democrat hoax.” The U.S. sends migrants from Jamaica and Cuba to Eswatini under new third-country deportation deals. California’s National Weather Service faces dangerous staffing cuts as wildfire season intensifies. San Francisco and San Jose emerge as national leaders in AI innovation, while Los Angeles ranks close behind. And downtown LA businesses call for help to recover from immigration raids, tariffs, and pandemic-related losses. Listen for these stories and more from LA Times Studios.
