What’s News
U.S., Europeans Agree to Iron Out Trade Differences
President Trump declared a “new phase” in the U.S.’s relationship with the European Union, agreeing to hold off on proposed car tariffs and work with the EU to resolve their dispute over metals duties. 448
Qualcomm to Forgo NXP Deal Amid U.S.-China Tensions
Qualcomm said it plans to scrap its $44 billion purchase of Dutch chip maker NXP after failing to secure approval in China, making the deal one of the most prominent victims of spiraling U.S.-China trade tensions.
Former Fiat Chrysler Chief Executive Marchionne Dies
Sergio Marchionne, who engineered a merger of the auto industry’s weakest companies and turned the pairing into a profit generator, died at 66. 150
Big Auto Makers Trim Forecasts
GM, Ford and Fiat Chrysler lowered their profit outlooks, each saying that fallout from tariffs on steel and aluminum is weighing on their bottom lines.
Facebook Shares Tumble as Revenue Falls Short, Sales Outlook Darkens
Facebook reported slower-than-expected revenue growth in the second quarter, indicating the social-media site felt some effects from recent controversies. 73
National Enquirer’s Yearslong Dealings With Trump Lawyer Fall Under Federal Scrutiny
Michael Cohen and the tabloid publisher traded favors over many years, including helping mediate a lawsuit threat by former “Apprentice” star Omarosa Manigault-Newman and tackling emerging stories potentially unfavorable to the president. Authorities are trying to determine whether the publisher and Mr. Trump’s team violated campaign-finance laws. 641
Trump’s Next Putin Meeting Won’t Take Place Until Next Year
President Trump won’t hold another official bilateral meeting with Vladimir Putin until next year, the White House said, citing the investigation into Russian interference in the 2016 election. 267
Arconic Weighs Buyout Approaches From Apollo and Blackstone-Carlyle Pairing
Arconic Inc. is weighing takeover approaches from at least two private-equity groups, according to people familiar with the matter, in what would be one of the biggest recent leveraged buyouts.
Why Wi-Fi Isn’t Free on Planes
Gogo and other in-flight Wi-Fi providers are trying try to find the right price to attract users and cover the steep installation and operating costs. 91
Mattel to Cut More Than 2,200 Jobs as Toy Maker Battles Losses
Mattel said it would cut more than 2,200 jobs, or nearly a quarter of its nonmanufacturing workforce, as the maker of Barbie dolls struggles with slumping sales.
Coke Raising U.S. Soda Prices, Citing Tariffs
Coca-Cola reported stronger-than-expected revenue in its latest quarter, boosted by rising volume from its trademark brands and sparkling soft drinks. 89
How Investors Profit When Firms Take Longer to Pay Bills
The world’s largest companies are squeezing their suppliers by taking months to pay their bills, and big investors are trying to profit from that tension. 78
U.S. Stocks Soar on Trade Concessions
U.S. stocks surged in the final half-hour of trading after President Trump secured some concessions from the EU to avoid an escalation in trade tensions.
Crude-Oil Swings Worry Investors
Heightened volatility in oil’s price since May has forced investors and buyers of fuel to adjust quickly to unexpected moves.
China Targets Economy, Not Trump, With Weaker Yuan
China is letting the yuan slide primarily to combat a slackening economy, as the government rolls out more pro-growth measures amid an intensifying trade feud with the U.S.
Ex-Cricket Star Imran Khan Headed for Pakistan Election Victory
Preliminary voting results showed the party of former cricket star Imran Khan poised to come into power for the first time, upending the political landscape in the fragile democracy.
‘We Need Bread and Butter’; Iranians Under Pressure in Flailing Economy
Iranian leaders are pushing to contain a deepening economic crisis that is slashing the buying power of Iranians and pressuring Tehran’s ruling elite even before the bite of looming U.S. sanctions.
More of Africa Finds Itself in China’s Debt
Chinese President Xi Jinping has signed a slate of investment deals during a weeklong tour of Africa, feeding into concerns in the West and on the continent over ballooning levels of indebtedness to Beijing and its expanding political footprint.
No Deal? U.K. Plans to Stash Food, Medicine in Case of Messy Brexit
The U.K. has begun preparations for the stockpiling of food, medicines and other products in case it fails to reach a deal with the European Union before it leaves the bloc next March.
Construction Firms Scrambled to Prevent Laotian Dam’s Collapse
For nearly 24 hours, engineers from South Korea and Laos raced to save the Xe-Pian Xe-Nomnoy dam before it cracked on Monday night, unleashing waters that killed at least 19 people and prompting a rescue operation for thousands of stranded villagers.
U.S.
U.S. Releases Military Aid to Egypt
The Trump administration released $195 million in military aid to Egypt, allowing Cairo to access funds Washington withheld last year over concerns about the country’s human-rights record and relationship with North Korea.
Life
Trouble Sleeping? High-Tech Masks Can Help
These eye shades use light therapy to help reset your body clock so you can rest easy.
Luxury Homeowners Retreat With Sensory-Deprivation Tanks
Wealthy residents are spending tens of thousands of dollars installing pods that let them float free of gravity and the stresses of daily life.
Video
IBM's Bridget van Kralingen: How I Work
2:10Thai Cave Boys Ordained in Buddhist Ceremony
1:15Deadly Greek Wildfires Devastate Areas Around Athens
1:42PAID PROGRAM
Photos
In addition to producing, Andy Sneap occasionally performs. In June, above, he played on stage at a Judas Priest concert at the Spektrum arena in Oslo.
Music
The Man Quietly Saving Heavy Metal
Andy Sneap is making classic heavy-metal stalwarts like Judas Priest and Accept sound cool again.
Mansion Global
Independent of The Wall Street Journal newsroom.
Some Good Trade News
By The Editorial Board | Review & Outlook
ObamaCare Is Robbing Medicaid’s Sickest Patients
By Allysia Finley | Review & Outlook
Why Does Facebook Think I’m ‘Political’?
By Yoram Hazony | Commentary
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Journal Reports
Many in Middle Age Have Arthritis—They Just Don’t Know It
A new study suggests that millions of Americans have arthritis that goes undiagnosed. And that means they don’t get the treatment they need. 55