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Import duties on Chinese goods could surge about 80% if the pause expires on Aug. 12. Plus: UnitedHealth Group said its earnings for the year will miss expectations. And Novo Nordisk stock plunged after the Ozempic maker cut its guidance. Danny Lewis hosts.
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Plus: Palo Alto Networks is in talks to acquire Israeli cybersecurity provider, CyberArk Software. JPMorgan Chase nears a deal to take over Apple’s credit-card program. Ariana Aspuru hosts.
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Plus: JPMorgan Chase nears a deal to take over Apple’s credit-card program. And U.S. consumers’ economic mood improved this month, but they remained concerned about tariffs and the labor market. Pierre Bienaimé hosts.
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Plus: Spotify gains subscribers, but reports a loss for the second quarter. And, EssilorLuxottica’s stock value increased after executives were upbeat about its Meta smart-glasses partnership. Ariana Aspuru hosts.
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Plus: Famine is now unfolding in Gaza, according to experts. And, premiums for Medicare drug plans are set to increase sharply next year. Kate Bullivant hosts.
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Wallis Annenberg, whose decades of giving transformed Los Angeles’ cultural and civic life, has died at 86, leaving behind a profound legacy across education, healthcare, and the arts. Meanwhile, President Trump escalates pressure on Vladimir Putin to end the war in Ukraine, cutting a 50-day peace deadline to less than two weeks after renewed Russian attacks.Lawyers sue Florida’s “Alligator Alcatraz” detention center over detainees held without charges. California and other states take on the USDA for demanding personal data from SNAP recipients. Thousands of Stater Bros. grocery workers authorize a strike across Southern California stores over labor disputes. And a dating safety app suffers a major data breach, exposing tens of thousands of user images and IDs.
Between a yearslong white-collar hiring slump and recession worries, the labor market was already fragile for young college graduates. Now, artificial intelligence threatens to completely upend it. Plus, why you might want to wait on buying a new iPhone this summer. Belle Lin hosts.
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The agreement removed the risk of an all-out trade war, but critics said it could weigh on already-sluggish economic growth in Europe. Plus: Boeing shares rose after the deal restored tariff exemptions for the aerospace sector. And stock in Tesla rallied after Elon Musk announced a deal with Samsung for artificial intelligence chips. Danny Lewis hosts.
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Plus: Firefly Aerospace sets IPO terms that could push market cap above $5.5 billion. Zoe Kuhlkin hosts.
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