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<div style="width:100%;margin-bottom:31px;font:12px/12px georgia,serif">
August 11, 2026
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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">
Good morning. Andrew here.
</span>
<span>
Mark yesterday on your calendar. It’s a date we may look back on years from now as either the inflection point in the A.I. boom — or the moment it got so leveraged that a crisis began to form.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Nvidia’s announcement that it was teaming up with a half-dozen Wall Street firms to lend $500 billion for the A.I. buildout adds a huge amount of debt to the A.I. economy. It’s a clever move for Nvidia, which will go from being the de facto financial backstop for the industry (for which it has been criticized) to shifting systemic risk to Wall Street investors.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Whether that’s a master class in balance sheet management or the start of a new credit bubble is the $500 billion question. More below. (Was this newsletter forwarded to you?
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Sign up here.
</a>
<span>
)
</span>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="width:100%">
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<td height="8" style="background-color:#000;font-size:0;line-height:0" width="100%">
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<td style="text-align:center">
<img alt="Larry Fink, wearing a suit and dress shirt, sits and looks to his side while raising his hands." class="css-18ei5jy" height="333" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2026%252F08%252F11%252Fmultimedia%252F11db-fink1-wjmv%252F11db-fink1-wjmv-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3ODY0NDk3NDQuMDc1OTIwOH0:1wtlBY:DVAcfxcZG7eY83KVUlsuVENseI5YVptL_Zv_5_GiD78" 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">
Larry Fink of BlackRock said that lining up money to finance the artificial intelligence boom was an urgent matter.
</span>
<span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
Karsten Moran 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>
The A.I. debt binge
</span>
</h2>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Wall Street titans can’t get enough of the picks and shovels of the artificial intelligence boom, like data centers and chips.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
That’s the clear takeaway from the announcement that an all-star group of investors was teaming up with Nvidia for
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
$500 billion worth of funding
</a>
<span>
to help finance the A.I. boom.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
But the move comes amid growing signs that many Americans don’t share the financial community’s enthusiasm for the A.I. buildout.
</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">
“We need to raise this money as fast as possible,”
</span>
<span>
</span>
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Larry Fink
</span>
<span>
, the C.E.O. of BlackRock, said yesterday in announcing the initiative. His firm and several other heavyweights — Apollo! Blackstone! Brookfield! Goldman Sachs! KKR! — said that it was imperative to help tech companies amass the resources needed for their A.I. expansion efforts.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
The investment firms will dole out the funds via loans, credit and more. (They’ll be available “
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
at attractive rates
</a>
<span>
,” according to Nvidia.)
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
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<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Other details weren’t available, though the Wall Street firms alluded to “yield-based products” and securitization. Fink said he foresaw “a next future for financial engineering.”
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<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 context:
</span>
<span>
The A.I. boom is already hugely expensive. Morgan Stanley analysts predict that hyperscalers will invest $3.5 trillion into A.I. infrastructure between now and 2028. Model developers are also spending heavily, with Anthropic reportedly agreeing to lease computing capacity from Riot Platforms
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
for $9 billion
</a>
<span>
.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Such investments are increasingly being built on debt, some of which was already being arranged by Nvidia. (The chipmaker has already been accused of
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
arranging circular financing
</a>
<span>
for its customers.)
</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">
Investors appear wary.
</span>
<span>
Nvidia’s stock price began falling yesterday after
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
The Financial Times reported
</a>
<span>
on the financing partnerships; it closed down 2.8 percent.
</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 bigger problem is that many Americans aren’t onboard either.
</span>
<span>
Business leaders have defended data centers as a way to create, in Fink’s words, “a huge amount of jobs.”
</span>
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
President Trump
</span>
<span>
has said they’re “tremendous wins” for the communities that host the server farms, citing the taxes and jobs they generate.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
But data centers have become
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
politically toxic
</a>
<span>
in many quarters amid concerns about their strain on communities’ energy and water supplies and the
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
deals that companies have struck
</a>
<span>
with local governments to build them.
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Those concerns have prompted some companies to step up financial commitments to municipalities where they want to build data centers. Consider Meta’s new
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
fund for supporting local communities
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
, which DealBook hears will start with an initial $1 billion — and is expected to grow over time.
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
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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>
</td>
</tbody>
</table>
<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">
A New York State judge pauses a pied-à-terre tax.
</span>
<span>
The judge
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
sided with homeowners
</a>
<span>
who are fighting the planned tax on some high-end second homes. (The administration appealed the ruling, allowing the tax rollout to continue.) The Mamdani administration is also
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
backing legislation
</a>
<span>
that requires distribution companies to hire delivery workers instead of using contractors, taking
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
specific aim at Amazon
</a>
<span>
.
</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">
Anthropic will watermark text and code to comply with an E.U. law.
</span>
<span>
The artificial intelligence giant said the marks would be
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
placed by new models
</a>
<span>
— and eventually existing ones — on content generated anywhere in the world. The move is meant
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
to comply
</a>
<span>
with the bloc’s A.I. Act and is aimed at combating the growing deluge of often misleading A.I. content.
</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 U.S. suffers its hottest month on record.
</span>
<span>
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Temperatures in July
</a>
<span>
averaged 76.9 degrees Fahrenheit, 3.3 degrees above the average for the 20th century, according to the National Oceanic and Atmospheric Administration. The heat’s toll on businesses and households is
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
taxing economies worldwide
</a>
<span>
.
</span>
</p>
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</table>
<table border="0" cellpadding="0" cellspacing="0" style="width:100%">
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<td style="text-align:center">
<img alt="Bags of salad with the Taylor Farms logo on display in a grocery store with yellow price stickers. " class="css-18ei5jy" height="358" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2026%252F08%252F11%252Fmultimedia%252F11db-taylorfarms-hlkw%252F11db-taylorfarms-hlkw-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3ODY0NDk3NDQuMDc2NTg5Nn0:1wtlBY:uSMUmFi4dhye65hYbAGKwTQZRMhNxqbdN3TeKjL2DUY" 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">
Lettuce in Taylor Farms’ prepackaged salads has been linked to the cyclosporiasis outbreak in the U.S.
</span>
<span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
Justin Sullivan/Getty Images
</span>
</span>
</td>
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</tbody>
</table>
<h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
<span>
Law firms see big money in the cyclosporiasis outbreak
</span>
</h2>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
What was already a nightmare summer for Taylor Farms just got worse. And the lawyers are circling.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
The giant supplier of salad and fresh-cut vegetables at the center of the U.S. outbreak of cyclosporiasis said yesterday that it was
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
recalling some products with fresh jalapeños
</a>
<span>
because of concerns about ties to a salmonella outbreak.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Now, personal injury lawyers who focus on food-borne illness cases are targeting Taylor Farms and other businesses whose products have been linked to the outbreaks, Niko Gallogly reports.
</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">
Step back:
</span>
<span>
The country is suffering its worst-ever outbreak of cyclosporiasis, a severe gastrointestinal illness caused by a microscopic parasite called cyclospora and spread by contamination from feces.
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
The C.D.C. said in an
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
Aug. 4 update
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
that it had received reports of 10,468 lab-confirmed cyclosporiasis cases and was aware of another 12,255 cases not yet tested.
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Two deaths in Michigan
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
have been tied to the outbreak
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
.
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Many of the documented cases have been linked to lettuce distributed by Taylor Farms to restaurants and stores, including Taco Bell and Walmart.
</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">
“We have about 450 people that have retained us,”
</span>
<span>
Bill Marler, the founder of Marler Clark, a prominent food safety law firm, told DealBook. All of the firm’s clients have tested positive for cyclospora, Marler said. The firm has so far filed six lawsuits related to the outbreak.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Ron Simon, the founder of the food safety law firm Ron Simon & Associates, said he had taken on north of 1,000 clients related to the cyclosporiasis outbreak.
</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">
Big payouts could happen.
</span>
<span>
Marler said he had settled about 500 cyclosporiasis cases over the years for $20,000 to $1 million each, depending on the severity of the illness.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
And Simon said settlements for food-borne illness could be as high as $10 million.
</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 lawsuits are just getting started.
</span>
<span>
Marler said any damages would most likely be paid out by Taylor Farms’ insurance company. He expects that other businesses affected by the outbreak, like Taco Bell and Walmart, will also file claims against Taylor Farms.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
“It’s going to be a pretty damn expensive explosive diarrhea outbreak for them,” he said.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Taylor Farms did not respond to DealBook’s request for comment.
</span>
</p>
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<p style="color:#000;font:700 12px/15px arial,sans-serif;padding-bottom:2px;letter-spacing:.8px;margin:0">
QUOTE OF THE DAY
</p>
<h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
<span>
“The tool that we gave our sweat, blood and bones to — it threw us out. After showing our loyalty, the company did not stand with us.”
</span>
</h2>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Rakesh, a 45-year-old engineer in Bengaluru, India, who
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
told The Financial Times
</a>
<span>
that he built artificial intelligence tools for Oracle, only to lose his job. Workers in India’s I.T. consulting sector, a major part of the country’s economy, are increasingly worried that A.I. will wipe out their industry.
</span>
</p>
<table width="100%">
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<td class="css-36ugzx" style="padding-bottom:15px">
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</table>
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<tbody>
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<img alt="A light blue Waymo car drives on a street." class="css-18ei5jy" height="342" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2026%252F08%252F11%252Fmultimedia%252F11db-waymo-mvqt%252F11db-waymo-mvqt-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3ODY0NDk3NDQuMDc3MjM5fQ:1wtlBY:46tm44phBtJq5DMNCqBPg1lSfngf0yBQlHF3cA7PdHg" 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">
A Waymo driverless car in San Francisco.
</span>
<span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
Jason Henry for The New York Times
</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>
Way more cars, Waymo problems
</span>
</h2>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
An autonomous vehicle drives over a firework that is about to explode. Or drives into the lane of a highway that’s closed for construction. These are what the autonomous car industry calls “edge cases,” situations that cars haven’t been trained to handle.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Despite Waymo’s safety record, which shows 94 percent fewer serious injury crashes than human drivers, mishaps are piling up as the service rapidly expands,
</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 class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
<span>
Owned by Google’s parent Alphabet, Waymo has more than quintupled the number of autonomous cars it has on the road to nearly 4,000 today, up from about 700 early last year. Its vehicles are now in 15 metro areas, having gone fully driverless in Denver, Las Vegas, San Diego and Tampa in the past month alone. Each week, passengers pay for about half a million trips.
</span>
</p>
<p class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
<span>
Amid that growth, Waymo has issued three federal
</span>
<a class="css-sdwaa1" style="-webkit-text-decoration:underline;text-decoration:underline;color:inherit">
recalls
</a>
<span>
since December for software problems — including one where the
</span>
<a class="css-sdwaa1" style="-webkit-text-decoration:underline;text-decoration:underline;color:inherit">
cars drove into flooded roadways
</a>
<span>
— compared with three recalls in the previous 22 months. Some edge cases have drawn headlines, including a December
</span>
<a class="css-sdwaa1" style="-webkit-text-decoration:underline;text-decoration:underline;color:inherit">
power outage
</a>
<span>
in San Francisco that left nearly 1,600 Waymos frozen for at least two minutes.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:20px 0 15px">
<span>
“This technology struggles to know when it’s in a novel situation,” Philip Koopman, a Carnegie Mellon University emeritus professor who specializes in autonomous vehicles, told The Times. “And when it’s in a novel situation, it’s prone to overconfidence and spectacularly stupid failure.”
</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">
Such incidents have put Waymo in the cross hairs of regulators.
</span>
<span>
Mayor Daniel Lurie of San Francisco has asked California’s transportation secretary to set operational standards for driverless cars during major events and emergencies.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Jonathan Morrison, the administrator of the National Highway Traffic Safety Administration, has summoned autonomous car companies to present fixes for autonomous vehicles interfering with the police, firefighters and paramedics.
</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>
THE SPEED READ
</span>
</h3>
</td>
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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">
Deals
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Here’s how combining Tesla and SpaceX could help
</span>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
Elon Musk
</span>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
more easily
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
hit a nearly trillion-dollar payday
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
. (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">
OpenAI reportedly
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
bought back $7 billion in stock
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
from current and former employees at an $852 billion valuation. (Bloomberg)
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Fenway Sports Group is said to be near a deal to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
sell a stake in Liverpool F.C.
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
, the English soccer club, to an investor group that includes
</span>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
Jeff Bezos
</span>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
. (The Athletic)
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
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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">
Politics, policy and regulation
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
Kevin Warsh
</span>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
, the Fed chairman, certified that he had
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
sold all the assets
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
he promised to divest to comply with ethics rules. (Bloomberg)
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
A U.S. federal judge agreed to dismiss several criminal counts against
</span>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
Gautam Adani
</span>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
, an Indian billionaire, but
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
criticized “unbecoming” conduct
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
by a senior Justice Department official who moved to drop the case. (Politico)
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Here’s how Texas’ attorney general,
</span>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
Ken Paxton
</span>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
, who is running for the Senate, built up wealth from a cell tower erected at a
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
hospital where he served on the board
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
. (NYT)
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<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">
Best of the rest
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
President Trump left Turkey in June via a military jet — after a ruse that involved covertly deboarding Air Force One
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
via a catering container
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
— after a threat from Iran. (NYT)
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
“Is an Average NFL Quarterback
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
Worth $50 Million a Year?
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
” (WSJ)
</span>
</li>
</ul>
</td>
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</table>
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