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Trump expands generics tariff, broadens Section 232 scope

President Donald Trump unveiled a phased tariff plan for imported generic drugs, imposing a zero tariff for two years starting August 1, 2026, then escalating to 100% for one year and 200% thereafter to push onshoring of U.S. production and penalize companies that don’t build domestic facilities. The move expands the administration’s pharmaceutical trade policy after an earlier Section 232 action and signals potential broader application beyond generics to reshape drug supply chains.

21 sources

Photo: Martin Falbisoner / Wikimedia Commons (CC BY-SA 3.0)

DOJ Monitoring Arizona Primary Polling Sites Across Three Counties

The Department of Justice is monitoring polling sites in Maricopa, Apache, and Pima counties in Arizona to promote transparency, ballot security, and compliance with federal voting rights laws ahead of Election Day on November 3, 2026, with DOJ personnel credentialed by local officials to observe vote-casting procedures and available to field questions or complaints. Officials including Assistant Attorney General Harmeet K. Dhillon and U.S. Attorney Timothy Courchaine emphasize this routine nationwide practice is designed to safeguard elections and maintain public trust in the integrity of the process.

10 sources

Photo: Itm.amit / Wikimedia Commons (CC BY-SA 4.0)

House Advances $1.15 Trillion NDAA, Attaches SAVE America Act

House Republicans pushed the $1.15 trillion National Defense Authorization Act toward final passage, framing it as a vehicle to rebuild the defense industrial base, secure supply chains, and advance President Trump’s defense and election priorities. They resolved a conservative standoff by attaching the SAVE America Act to the NDAA, while debates over issues such as transgender service, Ukraine funding, and other amendments continue as Democrats push back on related foreign policy matters.

5 sources

Photo: 4300streetcar / Wikimedia Commons (CC BY 4.0)

Alaska Air Posts Q2 Loss, Downgrades Q3 View

Alaska Air posted a second-quarter loss and forecast third-quarter earnings near or below Wall Street expectations as jet fuel costs stay high amid renewed Iran-related tensions, pressuring margins. The airline is diversifying fuel sourcing and raising fares to offset costs, with Q3 guidance ranging from break-even to about $1 a share and continued attention on fuel-driven earnings pressure.

14 sources

Photo: Quantumquark / Wikimedia Commons (CC BY-SA 3.0)

Goldman Sachs launches private markets platform for wealthy clients

{"summary":"Goldman Sachs unveiled a new Alternative Investments Platform that combines its existing alternatives business with two dedicated teams to provide wealthy clients and family offices direct stakes in individual late-stage private companies and related liquidity services, underscoring a shift toward private markets. The firm is also launching a proprietary public-markets platform for upper-HNW clients to consolidate and optimize public-market strategies, signaling a broader push to offer integrated solutions across both private and public markets.","summary_sources":["https://www.europesays.com/us/950268/","https://www.citybiz.co/article/877353/goldman-sachs-expands-private-markets-access-for-wealthy-investors/","https://tradersunion.com/news/financial-news/show/2745183-goldman-sachs-private-markets-platform/","https://www.wealthmanagement.com/investment-news/goldman-launches-public-markets-trading-platform-for-wealth-managers"]}

8 sources

Photo: OLCF / Wikimedia Commons (CC BY 2.0)

Bitcoin Quantum Readiness Initiative by Galaxy Digital

Galaxy Digital has launched a Bitcoin Quantum Readiness Initiative with up to $5 million in developer grants, a dedicated Galaxy Research program, and a Quantum Advisory Council to bolster Bitcoin against quantum threats, including members such as Barry Sanders, Damien Bérubé, and Eran Tromer. The effort focuses on developing post-quantum cryptographic solutions and potential protocol upgrades to withstand quantum attacks, addressing Q-Day scenarios and the migration to quantum-resistant signatures and addresses.

7 sources

Photo: Rwendland / Wikimedia Commons (CC BY-SA 4.0)

Thames Water Lenders Plan Golden Share

Thames Water’s creditors, led by London & Valley Water, have offered a “golden share” and expanded public oversight to try to avert nationalisation under Prime Minister Burnham, while seeking to work with regulators on a revised rescue package and avoid a special administration regime. The proposed deal includes long-term no-dividend commitments and stronger local-government and ministerial control, as Burnham’s government pushes for greater public involvement in the utility.

5 sources

Photo: Ilya Grigorik / Wikimedia Commons (CC BY-SA 3.0)

Britain's June borrowing falls, government under fiscal pressure

UK June borrowing came in at 16 billion pounds, down from a year earlier and below forecasts as stronger tax receipts and lower interest costs partly ease near-term fiscal pressure under the new government. However, overall debt remains around 3 trillion pounds and the administration is still navigating fiscal rules while signaling cost-cutting measures and taxes to ease living costs.

8 sources

Global SThree H1 Profit Drop, Guidance Maintained

SThree reported for the six months to 31 May 2026 that revenue fell to about £598.8m and pretax profit tumbled 75% to £2.7m, with non-recurring costs from a cost-optimization program weighing on earnings, though cash and a share buyback reduced net debt slightly and momentum improved in the US and Japan. Despite a mixed market, the group reiterated guidance for FY26 pretax profit around £10m, citing ongoing strategic simplifications, a cloud-based platform, and resilience in its contract business amid weaker hiring in parts of Europe.

6 sources

UK unemployment holds at 4.9% in May

UK unemployment stayed at 4.9% for the three months to May 2026, even as payroll data showed a drop in company payrolls and vacancies continued to ease, pointing to a mixed jobs picture. Wages remained firm, with regular pay at about 3.4% and total pay higher, while employment rose overall and second jobs increased, underscoring a still-tight but gradually softening labor market.

17 sources

Photo: Daniel Torok / Wikimedia Commons (Public domain)

MAGA Inc War Chest Tops $400 Million Ahead of Midterms

Trump-aligned MAGA Inc has amassed more than $400 million in cash by the end of June, up from $300 million at the start of the year, with June contributions including $1 million from Jared Isaacman and $10 million from Tyler and Cameron Winklevoss who liquidated bitcoin. This vast fundraising edge underscores a dominant financial position for Trump allies ahead of the 2026 midterms, as other GOP fundraising groups also hold large cash reserves, while June spending by MAGA Inc was relatively light.

7 sources

Photo: Striker9498 / Wikimedia Commons (CC0)

Samsung Galaxy Card debuts in US

Samsung, in partnership with Barclays and Visa, is launching the Samsung Galaxy Card as its first US credit card integrated into Samsung Wallet to streamline payments and financing for Samsung devices, with no annual fee and tiered cash back including 5% on Samsung purchases plus bonuses for using Samsung Wallet and streaming services. The rollout, timed around Samsung’s Unpacked event and set to begin July 22, expands digital-wallet native cards in the US and marks Barclays’ continued foray into such partnerships.

14 sources

Photo: Daniel Torok / Wikimedia Commons (Public domain)

Trump Tightens Waivers in Defense Supply Chains

"President Donald Trump signed an executive order to tighten defense procurement rules by curbing waivers, requiring contractors to prove domestic sourcing, disclose material origins, and submit mitigation plans while the Pentagon maps supply chains and replaces unreliable suppliers. The move targets reducing reliance on China and other adversaries by accelerating domestic production of critical minerals and related components, with enforcement mechanisms and a planned effective date to phase out prohibited foreign sources.

13 sources

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Recently covered

Trump expands generics tariff, broadens Section 232 scope

DOJ Monitoring Arizona Primary Polling Sites Across Three Counties

House Advances $1.15 Trillion NDAA, Attaches SAVE America Act

Alaska Air Posts Q2 Loss, Downgrades Q3 View

Goldman Sachs launches private markets platform for wealthy clients

Bitcoin Quantum Readiness Initiative by Galaxy Digital

Thames Water Lenders Plan Golden Share

Britain's June borrowing falls, government under fiscal pressure

Global SThree H1 Profit Drop, Guidance Maintained

UK unemployment holds at 4.9% in May

MAGA Inc War Chest Tops $400 Million Ahead of Midterms

Samsung Galaxy Card debuts in US

Trump Tightens Waivers in Defense Supply Chains