Author: The Wall Street Journal

P.M. Edition for July 21. The battle between Harvard University and the Trump administration reached a crescendo today as they met in a federal courtroom in Boston over the government’s cancellation of more than $2 billion of research funding. We hear from WSJ higher education reporter Sara Randazzo about the case, and where it goes from here. Plus, as the valuations of chip companies rise, Heard on the Street writer Asa Fitch says investors are ignoring the looming threat of tariffs on chips. And slumping U.S. EV sales mean that battery makers have capacity to spare, so they’re turning to a new market: energy-storage systems. WSJ autos reporter Chris Otts tells us what the impact of such a pivot might be. Alex Ossola hosts.

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A.M. Edition for July 21. The European Union is changing its tune as trade talks with the U.S. take a turn for the worse. WSJ editor Dan Michaels explains what this could mean for the world’s largest trading relationship. Plus, how Treasury Secretary Scott Bessent has been trying to convince President Trump not to fire Fed Chair Jerome Powell. And why taxing the super rich can backfire on governments, as the U.K. seems to be learning to its detriment. Azhar Sukri hosts.

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This week we’re bringing you an episode of our podcast WSJ’s Take On the Week, where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance. Last Tuesday, and before the Fed entered its dark period when they don’t speak to media they spoke with Austan Goolsbee, president of the Federal Reserve Bank of Chicago and voting member of the 2025 FOMC Committee, to discuss the economy, inflation, tariffs, escalating trade wars and the Federal Reserve's approach to monetary policy. Goolsbee explains how the economic conditions and the Fed’s dual mandate of stable prices and maximum employment plays into his decision making on cutting interest rates. Plus, he discusses the potential for AI to drive long-term productivity gains but cautions against the risk of an "exuberance bubble" similar to the dot-com era.

Further Reading: 

Latest Tariff Threats Could Delay Rate Cuts, Chicago Fed’s Goolsbee Says 

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Why were bank stocks down if bank earnings were strong? And how is Nvidia back in business in China? Plus, which company did MP Materials strike a deal with this week? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them.

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