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   DealBook: Re-escalation
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   Also, the chipmakers Wall Street favors now.
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             July 9, 2026
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          Good morning. Andrew here.
         </span>
         <span>
          Looking at the volatility in the oil market, I’m left wondering why the smart money failed to hedge against what was always a highly probable breakdown of this fragile cease-fire between the U.S. and Iran.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The interim peace deal was clearly resting on a knife’s edge, yet investors chose the comfort of short-term optimism over geopolitical probability. Again. More below. (Was this newsletter forwarded to you?
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         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Sign up here.
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          )
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             <span style="color:#666;font:normal 14px georgia,serif">
              Ship traffic has slowed drastically in the vital Strait of Hormuz trade conduit as fighting resumed.
             </span>
             <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
              Reuters
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        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          ‘More unstable today’
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          President Trump is expressing doubts about the Iran-U.S. cease-fire, with
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          fighting having escalated
         </a>
         <span>
          in the Persian Gulf region overnight.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The peace-trade rally that drove global markets to a series of record highs is looking fragile at this moment. It is also forcing the market to once again adjust to geopolitical risks disrupting global trade.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The market is flashing conflicting signals:
         </span>
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               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                Brent crude
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                , the international benchmark for oil, has dipped since yesterday to around $77.50 a barrel. That’s well below its wartime peak of about $120. But it has climbed roughly 5 percent this week, stoking fears of wider inflation.
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                The CBOE Volatility Index, known as Wall Street’s fear gauge and a measure of investor uncertainty, ticked higher today.
               </span>
              </li>
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               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                S&amp;P 500 futures are in the green, and sovereign bonds are rebounding.
               </span>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The region “is more unstable today than it was before the war,”
         </span>
         <span>
          Mohit Kumar, an economist at Jefferies, wrote in a research note this morning. Iranian officials said they had targeted U.S. military bases in Bahrain and Kuwait, and ship traffic through the vital Strait of Hormuz trade conduit is
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          near a standstill
         </a>
         <span>
          , according to Bloomberg. Yet oil prices haven’t surged again, perhaps because regional energy infrastructure wasn’t struck.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Kumar still expects a peace deal but added, “Medium-term, tensions may flare up again.”
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The war’s economic toll remains in focus.
         </span>
         <span>
          The International Monetary Fund yesterday published its latest forecast showing
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          a sharp slowdown in global growth
         </a>
         <span>
          this year as countries feel the aftershocks of wartime inflation.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The Fed also sees an inflation risk.
         </span>
         <span>
          Minutes from the central bank’s most recent policy meeting showed that a few officials saw reason to raise interest rates to counter rising prices. (It wasn’t just energy costs that worried them: Tech giants’ spending on artificial intelligence infrastructure also risks pushing up prices, the minutes read.)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Keep an eye on debt markets.
         </span>
         <span>
          Stocks have boomed despite the uncertainty. But bondholders have been bearish since the war began. That became clear again yesterday: Bonds were sold off rapidly after Trump said the cease-fire was “over.”
         </span>
        </p>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The yield on the 10-year Treasury note, which underpins mortgages and many commercial loans, hit 4.589 percent this morning. It has risen more than a half percentage point since U.S. strikes on Iran began.
         </span>
        </p>
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           <h3 style="color:#000;font:700 17px/25px arial,sans-serif;margin:5px 0 30px 0;letter-spacing:.2px">
            <span>
             HERE’S WHAT’S HAPPENING
            </span>
           </h3>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Graham Platner suspends his campaign for a Maine Senate seat.
         </span>
         <span>
          The
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          move by Platner, the Democratic nominee
         </a>
         <span>
          , came after political and donor support evaporated following an accusation of rape, a charge he denies. Democrats now must name a replacement by July 27 —
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          watch these names
         </a>
         <span>
          — to take on the Republican incumbent, Senator
         </span>
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Susan Collins
         </span>
         <span>
          , with control of the Senate potentially at stake.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          States reportedly prepare a challenge to Paramount’s deal for Warner Bros. Discovery.
         </span>
         <span>
          A multistate antitrust suit could be
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          filed as soon as next week
         </a>
         <span>
          , according to CNN. Such a move could hinder Paramount’s goal of taking control of Warner Bros. Discovery this summer, and it would come after the Justice Department cleared the proposed transaction.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          President Trump appears to support a Patriot missile deal for Ukraine.
         </span>
         <span>
          At the NATO summit in Turkey yesterday,
         </span>
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
         </span>
         <span>
          Trump signaled that he might give Ukraine permission to
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          produce the air defense interceptors
         </a>
         <span>
          to help fend off Russian missile attacks, which have killed more than 50 people in the past week. That seems to signal improved relations between Washington and Kyiv.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Focus on a stricken Midtown Manhattan skyscraper turns to the inspector.
         </span>
         <span>
          The Times found that Domani Inspection Services, which signed off on the structural viability of a 37-story office building set to be converted into apartments,
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          had been repeatedly cited
         </a>
         <span>
          for missing warning signs at other building projects in New York City. Key supports have buckled in the skyscraper, which forced the evacuation of nearby buildings on Tuesday and raised concerns about other office-to-residential renovation projects.
         </span>
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            <img alt="An outstretched hand gestures at two robots. In the background, the Nvidia logo is on a bright green wall." class="css-18ei5jy" height="333" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2026%252F07%252F09%252Fmultimedia%252F09db-nvda-tzwf%252F09db-nvda-tzwf-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3ODM1OTYzMDEuNTM0NDU1NX0:1whmsH:rV0ZELFcMTbF7DCYMJccGs2Zu4NF66wb2tpJlgqYh7U" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:10px;padding-bottom:8px" width="500"/>
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            <span class="css-14cus5q" style="display:inline-block;width:83%;max-width:500px;text-align:left">
             <span style="color:#666;font:normal 14px georgia,serif">
              Recent underperformance in Nvidia shares suggests the company is not quite the A.I. darling it once was.
             </span>
             <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
              Ng Han Guan/Associated Press
             </span>
            </span>
           </td>
          </tr>
         </tbody>
        </table>
        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          Nvidia loses its A.I. heat
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          For much of the artificial intelligence boom, Nvidia has been its engine, as tech giants have paid dearly for its processors and investors have benefited.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          As the A.I. trade enters its latest phase, Nvidia is no longer its darling. And among the stocks that have supplanted it are those of a company that was all but left for dead a year ago: Intel.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The shine has come off Nvidia.
         </span>
         <span>
          To be clear, the company is still a juggernaut, with a nearly $5 trillion market value and
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          earnings of $58.3 billion in its most recent quarter
         </a>
         <span>
          . Analysts are still raising their profit estimates for the company. (It has also scored some wins recently, which reportedly include Beijing’s letting Chinese tech companies
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          buy some of Nvidia’s H200 chips
         </a>
         <span>
          , according to The Information.)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          But Nvidia shed nearly $1 trillion over the past two months. As Bloomberg notes, it
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          now trades
         </a>
         <span>
          at 18 times its projected earnings for the next 12 months, its lowest level since 2019. That’s a cheaper trading multiple than the S&amp;P 500 index (20 times forecast earnings) or the Nasdaq 100 (23 times).
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Intel is making a comeback.
         </span>
         <span>
          Last summer, the onetime giant of U.S. chipmaking
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          handed over a 10 percent stake
         </a>
         <span>
          to the U.S. government after years of falling sales, the firing of a C.E.O. and a
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          host of other troubles
         </a>
         <span>
          .
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Flash-forward to today: Intel has drastically improved its manufacturing processes, and
         </span>
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          President Trump
         </span>
         <span>
          recently said that the company would
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          collaborate with Apple
         </a>
         <span>
          on producing chips in the U.S.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          One analyst, Frank Lee of HSBC,
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          recently doubled his stock price target for Intel
         </a>
         <span>
          , to $200.
         </span>
        </p>
        <div style="margin:0 auto;max-width:600px;width:100%">
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              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                Some caveats: Intel’s shares have been down sharply over the past two weeks amid a broader pullback for processor stocks. And most analysts covering the company
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                aren’t as bullish
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                as Lee is.
               </span>
              </li>
             </ul>
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            <img alt="A line chart show the share price performance of Intel versus Nvidia, year-to-date." class="css-mcckse" height="520" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2026%252F07%252F09%252Fbusiness%252F09db-chart%252F09db-chart-jumbo.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3ODM1OTYzMDEuNTM0NTd9:1whmsH:tNTRqFhD-KaytOrLDNggSIDHt_87AuKz_SHXkMHc4To" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:10px;padding-bottom:20px" width="500"/>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Memory chip stocks are also still on fire.
         </span>
         <span>
          The Roundhill Memory exchange traded fund, which tracks companies including Micron, Samsung Electronics and SK Hynix, has more than doubled so far this year.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          And there’s incredibly robust demand for
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          SK Hynix’s planned U.S. listing
         </a>
         <span>
          tomorrow, which is expected to be the second-biggest I.P.O. on Wall Street. (Behind only SpaceX’s offering last month, of course.)
         </span>
        </p>
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            <img alt="A man is shown standing in front of a row of houses in San Francisco. " class="css-18ei5jy" height="333" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2026%252F07%252F09%252Fmultimedia%252F09db-sanfran-houses-qkcm%252F09db-sanfran-houses-qkcm-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3ODM1OTYzMDEuNTM1MTA3OX0:1whmsH:zWzqaEJknXOqgd9p2_Vmi6OxBL6LYZTzey8KY6iHRvA" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:10px;padding-bottom:8px" width="500"/>
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           <td class="css-1b9cqt1" style="text-align:center;width:100%;padding-bottom:15px;line-height:14px">
            <span class="css-14cus5q" style="display:inline-block;width:83%;max-width:500px;text-align:left">
             <span style="color:#666;font:normal 14px georgia,serif">
              Nima Gabbay, a San Francisco real estate developer, was willing to accept shares of Anthropic or OpenAI when selling his house.
             </span>
             <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
              Cayce Clifford for The New York Times
             </span>
            </span>
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        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          A.I. disrupts San Francisco real estate
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Would you accept stock in exchange for your home? For some sellers in San Francisco, the answer is yes — if it’s in high-flying artificial intelligence companies like OpenAI or Anthropic.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The fervor for pre-I.P.O. shares in the start-ups reflects how the A.I. boom — which is expected to produce perhaps 16,000 millionaires and nearly 20 billionaires — is reshaping the Bay Area, including its already tight real estate market,
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Emmy Martin reports for The Times
         </a>
         <span>
          .
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Sales of homes above $10 million have doubled over the past six months, compared with those in the previous year.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          More from Martin’s report:
         </span>
        </p>
        <p class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
         <span>
          “There’s a hysteria that’s out there right now,” said Pete Rodway, a Compass agent who works mostly in the luxury market.
         </span>
        </p>
        <p class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
         <span>
          One of his clients, an OpenAI employee, was scrambling to buy a $5 million home now to beat “a thousand other people that are going to have a budget of $30 million,” he said.
         </span>
        </p>
        <p class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
         <span>
          Garret Spiecker, who works at Citizens Private Bank and describes himself as a “financial therapist” for sudden wealth, said he had advised dozens of OpenAI and Anthropic employees on how to navigate the housing market. He has suggested they buy properties through trusts to protect their privacy, especially on homes above $5 million.
         </span>
        </p>
        <p class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
         <span>
          “In this cycle, which differs from some of the others, a lot of these individuals are very young and quite wealthy very fast,” he said.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:20px 0 15px">
         <span>
          Some homeowners are messaging Anthropic workers and investors directly, hoping to trade their properties for stock.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Others are being asked for unusual conditions, including Sam Rosenstein, a software engineer at Databricks, and his partner, Michelle Huang, who works in tech sales:
         </span>
        </p>
        <p class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
         <span>
          In May, Mr. Rosenstein and Ms. Huang landed a four-bedroom, two-bathroom in the Hayes Valley neighborhood for $2.185 million, bidding $385,000 above asking.
         </span>
        </p>
        <p class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
         <span>
          “When we put in the offer for the house, the seller came back and said we could pay the offer that we put in, or we could pay less money but provide 60 hours of A.I. consulting” on a personal project, Mr. Rosenstein said. “That’s totally the weirdest thing that has happened.” They declined the $10,000 discount.
         </span>
        </p>
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             THE SPEED READ
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          Deals
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                Prologis is pushing
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               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                to begin negotiations
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                over its $17 billion bid to take over Segro, a British real estate company. (WSJ)
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                “Wall Street’s boutiques bet on star bankers.
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                Now they’re stuck with the bill
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                ” (FT)
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          Politics, policy and regulation
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                Gianni Infantino
               </span>
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                , the head of FIFA, could
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                over his contacts with
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                President Trump
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                . (ESPN)
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                Don’t expect the House investigation into all things
               </span>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
                Jeffrey Epstein
               </span>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
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                to end
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                even if Democrats take control of the chamber after the midterm elections. (Politico)
               </span>
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          Best of the rest
         </span>
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               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
                William Zabel
               </span>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                , a veteran Wall Street litigator who handled celebrity divorces, clawed back millions for victims of
               </span>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
                Bernie Madoff
               </span>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                and fought for civil rights,
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               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                died on Tuesday
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                . He was 89. (NYT)
               </span>
              </li>
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                “The
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                End of Reading
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                Is Here” (The Atlantic)
               </span>
              </li>
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