**Trump Sues WSJ Over Epstein Scandal as Legal Battles Escalate**
President Trump files explosive libel lawsuit against the Wall Street Journal and Rupert Murdoch, intensifying scrutiny over Jeffrey Epstein documents. The move comes amid growing political pressure to release sealed grand jury testimonies.
**S&P 500 & Nasdaq Close Record Week as Earnings Fuel Optimism**
Wall Street ends a strong week with gains as Netflix, Chevron, and American Express post solid earnings. Markets remain cautious amid tariff tensions and mixed economic signals.
**Trump Signs Landmark GENIUS Act, Boosting Crypto Industry**
President Trump enacts the first federal stablecoin framework, marking a major win for U.S. crypto dominance. The law arrives as Bitcoin surges past $4 trillion in market value.
**Chevron Clears Legal Hurdle in $53B Hess Megadeal**
Chevron secures approval for its blockbuster Hess acquisition after defeating ExxonMobil’s arbitration challenge. The deal unlocks access to one of the decade’s biggest oil discoveries.
**Netflix Beats Estimates, Debuts AI in Content Production**
The streaming giant reports strong Q2 earnings while integrating generative AI into production. The move highlights Netflix’s innovation push amid fierce industry competition.
**Meta Rejects EU AI Rules, Calling Them Regulatory Overreach**
The tech giant refuses to comply with Europe’s AI safety code, escalating tensions between Big Tech and global regulators. Meta warns the rules could stifle innovation.
**House GOP Slashes $9B from NPR, PBS & Foreign Aid**
Republicans push through deep funding cuts to public broadcasting and international aid, sparking fierce bipartisan debate over federal spending priorities.
**Nvidia Wins US Approval to Sell AI Chips in China Again**
The Biden administration greenlights Nvidia’s AI chip exports, signaling a potential thaw in U.S.-China tech tensions. The move revives hopes for eased semiconductor trade restrictions.
**Fed’s Waller Urges July Rate Cut Amid Economic Concerns**
Federal Reserve officials grow divided on timing as Governor Waller pushes for an imminent rate reduction to support weakening labor markets.
**Amazon Warns 200M Prime Users of Surging Login Scams**
The retail giant alerts customers to a wave of AI-powered phishing attacks targeting accounts. Cybersecurity experts warn of rising fraud risks in digital transactions.