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Plus: Canada withdraws digital tax in bid to salvage U.S. trade discussions. And China’s manufacturing activity declines for a third straight month. Luke Vargas hosts.
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Sean “Diddy” Combs’ defense team pushes back on racketeering and trafficking charges, with legal experts saying a guilty verdict isn’t guaranteed. Meanwhile, the Trump administration accuses Harvard of failing to protect Jewish students from antisemitic abuse and warns it could lose federal funding. In California, Blue Shield faces criticism for moving its parent company out of state — a change approved quietly by regulators. And President Trump says he won’t extend a pause on global tariffs beyond July 9, urging countries to cut deals or face steep new trade penalties.
Iran’s already-precarious financial system was brought to its knees by Israel-aligned hackers. The WSJ’s Angus Berwick walks us through the cyberattack. Plus: Research suggests companies should pause before promoting the AI in their AI-powered products and services. Katie Deighton hosts.
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The S&P 500 and Nasdaq both end the quarter at new highs. Plus: Robinhood Markets shares surged after it launched new cryptocurrency services. And shares of building-products distributor GMS jumped after Home Depot won a bidding war to buy the company. Danny Lewis hosts.
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Plus: Apple delays rolling out some features to European users. And Robinhood launches new crypto services. Katie Deighton hosts.
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Plus: Senate Republicans kick off a marathon session to pass the “big, beautiful” tax-and-spending bill by July 4th. And Robinhood Markets makes a big push into crypto. Alex Ossola hosts.
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Plus: Canada withdraws digital tax in bid to salvage U.S. trade discussions. And China’s manufacturing activity declines for a third straight month. Luke Vargas hosts.
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Learn more about your ad choices. Visit megaphone.fm/adchoices
Gas prices in California are set to jump this July, with new taxes and refinery rules adding costs at the pump. Meanwhile, illegal fireworks are already lighting up L.A., raising safety and environmental concerns ahead of the Fourth of July. Across the U.S., consumers are pulling back on spending as inflation outpaces income growth, affecting travel, recreation, and more. And in the face of growing energy demands, big batteries are emerging as a key tool in preventing summer blackouts.
Large companies have, in the past, been hesitant to leap onto every tech innovation and trend. But WSJ’s Steven Rosenbush says the artificial intelligence boom is different. Plus, Waymo is valued at $45 billion dollars, a far cry from Tesla’s $1-trillion valuation. WSJ Heard on the Street columnist Dan Gallagher writes that the launch of Elon Musk’s robotaxis actually shows why Google’s self-driving car company is worth more.
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