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Strait of Hormuz: Trump threatens to target Iran's bridges and power plants if attacks on ship persist BBCOil extends gains as Trump threatens strikes on critical Iranian infrastructure CNBCTrump vows to hit an Iranian bridge or power plant for every ship Iran attacks AxiosIran War Updates: U.S. launches 12th straight night of strikes as threats to oil trade deepen CBS NewsTrump threatens to bomb Iran's bridges and power p
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Yemen's Houthis claim attack on two Saudi oil tankers Al JazeeraIran War Live Updates: Trump Threatens to Hit Bridges and Power Plants if Iran Strikes in Strait The New York TimesIran war live: US launches new attacks; Houthis attack 2 Saudi oil tankers Al JazeeraTankers make sharp U-turns after Houthi shipping threat
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Mercedes-Benz's largest individual shareholder is Chinese state-owned BAIC. Cruz warned the bill could hurt Mercedes and accused GM of backing it.
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House Adopts $95 Billion G.O.P. Budget for Iran War The New York TimesHouse Republicans adopt $95 billion package for the Iran war and Trump's priorities AP NewsHouse GOP passes blueprint for reconciliation 3.0 AxiosHouse takes first step to unlock Iran war funding — but fate in Senate uncertain, with measure tied to ‘SAVE America Act' CNNHouse adopts budget framework for $95B party-line package Politico
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Oil prices settled at six-week highs on Wednesday after the U.S. struck Iran for the 11th night in a row and President Donald Trump warned that the U.S. will bomb Iranian bridges and power plants if Tehran fires on ships in the Strait of Hormuz.
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Dubai Firm Cuts Deal for New Port to Bypass Strait of Hormuz The New York TimesDP World to build two new terminals on UAE's eastern coast, reducing Hormuz reliance ReutersDP World to Build Two UAE Container Terminals Outside of Hormuz Bloomberg.comFujairah, DP World sign deal for two new ports under 50-year concession
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House passes $1.15 trillion defense bill, tees up billions more for Iran war The Washington PostUS House passes $1.15 trillion military bill expanding Israel cooperation Al JazeeraHouse votes for Department of War renaming as part of an annual defense bill AP News
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Trump plans 100% tariffs on imported generic drugs. Here's what experts say. CBS NewsTrump says he will impose tariffs on generic drugs starting in August 2028 PoliticoOpinion | Trump's generic drug tariffs will drive up pharmaceutical prices The Washington PostShares in Generic-Drug Makers Fall After Trump's Tariff Plan WSJ
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10 teams with willingness, prospects to make moves at the Trade Deadline MLB.comMLB trade deadline 2026: Early intel from Olney, Passan ESPNMLB trade deadline buyers or sellers 2.0: Brewers shift tiers as more teams begin to contend The New York Times2026 MLB trade deadline bold predictions: Tigers send Tarik Skubal to NL contender; Yankees, Cubs get busy CBS Sports
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The company is selling more cars, but the company's profit was down because of price cuts and higher expenses.
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Live updates: Trump vows to hit Iranian bridge or power plant each time Tehran strikes ships in Strait of Hormuz CNNIran War Live Updates: Trump Threatens to Hit Bridges and Power Plants if Iran Strikes in Strait The New York TimesTrump says U.S. will destroy a bridge or power plant for each Iranian attack in the Strait of Hormuz PBSTrump threatens Iranian infrastructure after Houthis block Red Sea artery Reuters
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The Optimus robot weighs 154 pounds and is going to be produced where the Model S and X vehicles were made.
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Baby boomers are worth $93 trillion, and they're ready to pass down inheritances. But where will that money go?
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KPMG announced a strategic alliance with OpenAI to develop solutions that reflect a new "headless" vision for enterprise software where AI becomes the main work surface.
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Tesla profits plunge as discounts on EV models weigh on results Financial TimesTesla misses on earnings, as free cash flow turns negative and margins slide CNBCTesla reports Q2 earnings miss but beats on revenue; cap-ex spending seen at $25 billion for the year Yahoo FinanceTesla Profit Falls Even as Car Sales Rebound The New York Times
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S&P 500, Nasdaq close lower as investors await technology earnings ReutersStock market today: Dow, S&P 500, Nasdaq slip as oil prices rise, Alphabet and Tesla earnings loom Yahoo FinanceBig Tech Earnings Live: Tesla and Google Parent Alphabet Will Be the First Magnificent 7 Companies to Release Results InvestopediaStocks Are Facing a Summer Storm. Don't Bank on Help From Google Earnings, and 5 Other Things to Know Today Barron's
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OpenAI describes the hack as an ‘unprecedented cyber incident' in which its models escaped a training environment to attack Hugging Face.
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European regulators signed off on Paramount's proposed acquisition of Warner Bros. Discovery.
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Starmind satellites, which aim to process AI from space, could outnumber those from Starlink.
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One question deserves far more attention, particularly from accountants and auditors: Which companies will actually choose to report less?
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Congressional stock trading curb due to get House vote amid public support for a ban CNBCHouse passes bill to restrict lawmaker stock trading — but stops short of full ban CNNHouse passes bill to limit stock purchases by members of Congress CBS NewsHouse passes GOP stock trading ban bill The Hill
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Scientists Discover the First-Ever Contagious Cancer in Fish GizmodoDeep in This Lake, a Contagious Cancer Is Spreading The New York Times'Rare' contagious cancer found in fish from Quebec and U.S. lakes | CBC News CBCTransmissible cancer cells discovered in fish act more like parasites than traditional tumors Phys.orgA transmissible melanoma-type cancer has been discovered in fish, the fourth known contagious tumor among animals Science Media Cent
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Golding Capital Partners has secured €283m at the first close of its sixth flagship buyout fund, as the German private markets investor continues to build a diversified European and North American small and mid-cap buyout portfolio.
The post Golding reaches €283m first close for sixth buyout fund appeared first on AltAssets Private Equity News.
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Also in this newsletter: more US-EU trade deal jitters
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Investment in artificial intelligence and related companies is lifting the stock market and spending across the economy.
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Mercedes risks US sales ban under Senate China bill Financial TimesBill Risking Mercedes Ban Over China Ties Advances in US Senate Bloomberg.comSenate panel advances China auto bill that could bar Mercedes-Benz from U.S. CNBCUS Senate panel approves China vehicle crackdown bill Reuters
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As the situation in the Strait of Hormuz makes clear, business success increasingly depends on managing global disruption and risk in a three-dimensional way: reroute, replace, and substitute.
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Goldman Sachs is launching a new alternative investments platform aimed at giving wealthy clients and family offices direct stakes in private companies.
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GM raised several key earnings forecasts after beating Wall Street's second-quarter expectations as its North American operations continue to drive results.
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Capitol Meridian Partners has closed its second flagship private equity fund on its $1.9bn hard cap, more than doubling the size of its debut vehicle.
The post Capitol Meridian Partners doubles flagship fund to $1.9bn as investor re-up rate nears 90% appeared first on AltAssets Private Equity News.
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Plus, more ways to lower how much you pay out of pocket for medical care in retirement.
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Investors who can stomach a little short-term volatility are often rewarded.
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Investors and economists are deliberating what the latest exchange in hostilities will mean for the broader economy.
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HarbourVest Partners has named former Morgan Stanley Investment Management executive Brian Taranto as the first COO of its global private wealth business, as the private markets manager continues to expand its wealth platform.
The post HarbourVest creates global private wealth COO role with Morgan Stanley exec hire appeared first on AltAssets Private Equity News.
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The New York telecommunications giant's quarterly earnings beat Wall Street forecasts as higher prices helped to boost revenue.
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Auto lenders and dealerships should not ignore car buyers with lower credit scores, Armando Hidalgo, director of servicing at SameDay Auto Finance, said in a panel discussion at the Auto Finance Summit this month in Las Vegas.
With many of those consumers "now needing credit, it is a good opportunity for us to capture some of that market," Hidalgo said. It is "also a good opportunity for borrowers to reestablish themselves."
Auto lenders can manage the risks of customers with lower credit scores by informing those consumers ahead of time and by keeping in touch with them often, Hidalgo said.
"It is up to us to make sure that we put them in the right path of success," he added.
Have a good auto finance and insurance tip to share? Email Automotive News F&I reporters John Huetter at john.huetter@crain.com and Paige Hodder at paige.hodder@crain.com. See more F&I tips at autonews.com/topic/fi-tips.
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It may be tempting to write off TikTok, the highly scrutinized social media app whose cat clips and dance videos propelled it to the mainstream. However, business leaders could learn valuable lessons about engaging consumers from the world's most-used platform, says Shikhar Ghosh in a case study.
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Brussels wants power to respond swiftly to external trade sanctions but some European countries prefer WTO rules
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 The Trump administration will push for a broad reset of "outdated tariff determinations" at the World Trade Organization to fix what it sees as years of unfair treatment of the United States, a top trade official told U.S. lawmakers on Wednesday.
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