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Blockbuster? Jake Paul vs. Anthony Joshua ‘looking very likely’ for 2026

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“El Gallo” wants another mega fight.

Jake Paul notched his 12th victory last night (Sat., June 29, 2025), earning a unanimous decision over Julio Cesar Chavez Jr. at the Honda Center in Anaheim, California (results here).

With Chavez Jr.’s name added to his resume, Paul is eyeing the future. The YouTuber-turned-professional boxer aims to become a world champion but remains drawn to mega-money matchups.

“El Gallo” is doubling down on a clash with former WBA, IBF, WBO, and IBO heavyweight champion Anthony Joshua, predicting it will happen next year.

“I’m definitely not a heavyweight, but I’m still going to take the challenge,” Paul said during the Paul vs. Chavez Jr. post-fight press conference. “You look at Deontay Wilder, he was beating these guys weighing 215 pounds. Granted, he’s 6-foot-6 or something, but anything is possible. I like the challenge. That’s the criticism. ‘Fight someone in their prime who is a beast!’

“I think people just want to see me lose,” Paul added. “That’s really the message behind it all. Anthony Joshua is an insane fight, but I want that challenge. We’ve been DMing back and forth, he wants to make it happen, he called me up, and it’s looking very likely for next year.”

A Paul vs. Joshua showdown would be a blockbuster, though it seems far-fetched. Then again, who predicted a bout with Mike Tyson?

Paul rides a six-fight win streak, with victories over Tyson, Mike Perry, and Nate Diaz, while Joshua reels from a knockout loss to Daniel Dubois (watch highlights).


To checkout the latest boxing news and notes click here.



This story originally appeared on MMA Mania

Heat alert for more than eight million Brits taking common medication

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Around eight million Brits who take a commonly prescribed medication have been warned to take care in the heat. As the Met Office predicts temperatures of 35C in parts of the UK this week, concerns have been raised about the effect of hot weather on certain drugs.

According to experts at Mental Health UK, certain antidepressants can make people more sensitive to heat. This can leave you more vulnerable to heat exhaustion and heat stroke.

These include selective serotonin reuptake inhibitors (SSRIs), serotonin-norepinephrine reuptake inhibitors (SNRIs), and antipsychotic medication, which can cause temperature dysregulation.

The organisation explains: “This is because they interfere with the hypothalamus, the part of the brain responsible for temperature regulation.

“This is often listed as a potential side effect, so it’s important to check your medication’s accompanying leaflet if you’re concerned, you can discuss this this with your prescribing doctor, psychiatrist or pharmacist.”

Some examples of medication this includes are:

  • Antipsychotic medications such as amisulpride (brand name Solian), aripiprazole (Abilify), clozapine (Clozaril, Denzapine, Zaponex), lurasidone (Latuda), olanzapine (Zypadhera, Zyprexa), paliperidone (Invega, Xeplion), quetiapine (Seroquel, Seroquel XL), risperidone (Risperdal, Risperdal Consta), chlorpromazine, flupentixol, and haloperidol
  • Tricyclic antidepressants such as amitriptyline, imipramine, doxepin, mianserin, and trazodone
  • SSRIs such as sertraline, citalopram, and fluoxetine

The side effects to look for

Mental Health UK warns that some medications increase sweating, meaning you are more likely to become dehydrated, while some decrease sweat production.

Find out about the symptoms you need to watch out for and get health advice with our free health newsletter from the Daily Express

It continued: “Medications can also impair your ability to think clearly, or simply change your tolerance to hot temperatures.”

Signs of heat exhaustion can include:

  • Feeling sick or being sick
  • Being very thirsty
  • Dizziness
  • Tiredness or weakness
  • Headache
  • Excessive sweating
  • A high temperature
  • Clammy skin, or a change in skin colour
  • Fast breathing or heartbeat
  • Cramps in the arms, legs and stomach
  • Irritability (particularly in children)
  • Delirium (often in older adults)

It is vital to read and retain the information leaflet for any medication you take. “To understand any medication that you may be taking in both the short-term and long-term, you can go to the NHS’s medication directory to find out how they work, the possible side effects, interactions and common questions,” it says.

To cool someone down

If someone has heat exhaustion, the NHS says you should follow these four steps:

  • Move them to a cool place
  • Remove all unnecessary clothing like a jacket or socks
  • Get them to drink a sports or rehydration drink, or cool water
  • Cool their skin – spray or sponge them with cool water and fan them. Cold packs, wrapped in a cloth and put under the armpits or on the neck are good too

You should stay with them until they’re better, which should take around 30 minutes.

However, you should call 999 if you or someone else have signs of heatstroke, including:

  • Still being unwell after 30 minutes of resting in a cool place, being cooled and drinking fluids
  • A very high temperature
  • Hot skin that’s not sweating and might look red (this can be harder to see on brown and black skin)
  • A fast heartbeat
  • Fast breathing or shortness of breath
  • Confusion and lack of coordination
  • A seizure or fit
  • Loss of consciousness

Data has shown that a total of 8.6 million patients in England were prescribed antidepressants in 2022-23, with the amount having almost doubled since 2011.



This story originally appeared on Express.co.uk

Your Diversity Statement Isn’t Enough — Here’s What You Need to Do as a Leader to Drive Real Change

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Opinions expressed by Entrepreneur contributors are their own.

As a manager, you’re not just responsible for engagement, productivity and retention — you’re responsible for creating opportunity. That’s the heart of inclusive leadership.

The data has been clear for years: the relationship between a manager and their employee is the most important driver of performance. As a leader, your role isn’t just operational — you are the connector, advocate and catalyst. You don’t just include your employees on the team — you equip them to belong.

The number one inclusive leadership behavior? Creating opportunity for and with your people.

Don’t let the noise around DEI distract you from this truth: when we generate opportunity, we scale inclusive leadership. Employees begin opening doors — not only for themselves, but for each other. This kind of leadership is collaborative, contagious and culture-defining.

Creating opportunity is about more than offering new tasks or promotions. It’s the discipline of making new things possible for every employee, based on who they are and what they need to thrive.

Here are seven powerful ways to lead more inclusively by creating opportunity:

1. Hiring and onboarding

Hiring with equity in mind means proactively sourcing diverse candidates and reducing bias at every stage — from how job descriptions are written to how interviews are conducted. Inclusive leaders work with cross-functional hiring panels, ask consistent questions and focus on qualifications, not assumptions.

Once hired, onboarding becomes the first real opportunity to demonstrate belonging. That means creating space for employees’ full identities — including preferred names and pronouns, accessibility needs and personal strengths — so they can contribute with confidence from day one.

Related: 11 Mindset Traits of Successful Entrepreneurs

2. Defining and living organizational values

Company values shouldn’t live in a handbook — they should be reflected in how strategy, culture and people decisions are made. Leaders are responsible for helping their teams connect the dots between the work they do and the values the company claims to uphold.

This includes defining what inclusive behavior looks like in action: showing respect for different identities, actively including underrepresented voices and holding people accountable when values are compromised. It’s about building a culture that’s not just high-performing, but values-driven.

3. Developing people intentionally

Inclusive leaders don’t just assign tasks — they create opportunities for meaningful growth. That starts by understanding what motivates each team member and leveraging tools like AI and collaborative learning to meet individual needs.

It also means recognizing that younger or less experienced employees often have more to contribute than they’re given credit for. Development should be a two-way street, with mentoring, project ownership and cross-level learning all part of the equation.

4. Giving feedback that builds trust

Feedback is a core leadership skill — but inclusive leaders go further by adapting how they deliver it. They know what works for one person may not work for another, and they take the time to learn each team member’s preferences around recognition, coaching and critique.

They also prioritize feedback as a system, not just a moment. That includes following up with internal candidates who weren’t selected for roles and giving them actionable guidance to grow. Feedback becomes not just a tool for accountability, but for opportunity.

5. Mentoring and sponsoring across lines of difference

Mentorship opens doors. Sponsorship pushes them open.

Inclusive leaders provide both — particularly to those who are underrepresented or less likely to receive informal advocacy. That might look like matching mentoring pairs across levels, functions, or backgrounds. Or speaking up for an employee’s promotion when they’re not in the room.

Sponsorship is especially powerful when it’s intentional, consistent and tied to performance, not proximity. It’s how high-potential talent rises — and how inclusion moves beyond intention to action.

Related: How to Revolutionize Your Organization Through the Power of Inclusive Leadership

6. Designing workplaces that engage everyone

Whether hybrid, remote or in-person, employees want balance and purpose, not just policies. Leaders set the tone by building cultures where flexible work is respected and connection isn’t left to chance.

That includes creating intentional forums for engagement, like skip-level meetings and cross-team collaborations. Employees want to feel seen by their leaders and connected to their organization’s mission. It’s not about checking boxes — it’s about cultivating energy, clarity and trust.

7. Advancing and promoting with equity in mind

Most employees define opportunity through growth. For some, that means promotions. For others, it’s added responsibilities, increased influence or specialized assignments.

Inclusive leaders ensure that advancement isn’t left to chance or informal networks. They evaluate whether internal opportunities are being equitably offered — and whether expectations around readiness, time-in-role, or leadership style are fair. In today’s workplace, especially with younger generations, long waits and outdated hierarchies won’t cut it. Opportunity has to be both visible and viable.

A new model for leadership

Inclusive leadership doesn’t belong to a single department or job title. It’s a mindset and skill set every employee should be invited to develop. Encourage your team to explore what inclusive leadership means to them — and create a culture where participation is welcomed, tracked, and tied to real results.

The more we build systems that equip every employee to lead inclusively — regardless of level — the more opportunity we generate across the organization.

Because the best leaders don’t just open doors.
They teach others how to do the same.

As a manager, you’re not just responsible for engagement, productivity and retention — you’re responsible for creating opportunity. That’s the heart of inclusive leadership.

The data has been clear for years: the relationship between a manager and their employee is the most important driver of performance. As a leader, your role isn’t just operational — you are the connector, advocate and catalyst. You don’t just include your employees on the team — you equip them to belong.

The number one inclusive leadership behavior? Creating opportunity for and with your people.

The rest of this article is locked.

Join Entrepreneur+ today for access.



This story originally appeared on Entrepreneur

Even Fox News Can’t Hide Trump’s Cognitive Decline

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For years, Fox News has been sanewashing central for Donald Trump. Fox allows Trump to appear before friendly hosts. The interviews are taped. The Trump interviews are edited before airing, and during Trump’s first term, the White House had control of the final edit.

It was surprising when even a completely Trump-friendly like Maria Bartiromo could not edit Trump enough to remove signs of his cognitive decline.

It seems to be the great unspoken in mainstream US media to talk about the fact that Donald Trump spends most of his appearances not making sense. The president only continues to age with each passing day, and the idea that a nearly 80-year-old man is in charge of the country who seems to have a loose relationship with lucidity is not getting as much attention as it should is a travesty.

Even the best Fox News editing could not hide Trump’s decline.

Here is what Trump said while talking about trade and tariffs:



This story originally appeared on Politicususa

Lower-cost MacBook, use iPhone processor, come in yellow

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Apple could be looking to bring out a successor to its lower cost MacBook

Analyst Ming-Chi Kuo claims that Apple intends to launch a MacBook using the processor currently in the iPhone 16 Pro, as part of a plan to produce a significantly lower-cost Mac.

Apple has been designing its A-series processors for the iPhone — and originally the iPad — since its A4 release in 2010. Consequently, when Apple Silicon‘s M-series was first announced for Mac, comparisons were made between the then-current Intel Macs and the existing A-series processors.

Now according to Ming-Chi Kuo, Apple is going to turn that theoretical comparison into reality by making a MacBook that runs on an iPhone’s A-series processor.

Kuo is unusually specific in his claims. He says that this new lower-cost MacBook will:

  • Enter mass production at the end 2025 or early 2026
  • Have an A18 Pro processor
  • Have approximately a 13-inch screen size
  • Come in silver, blue, pink, and yellow

The A18 Pro processor is currently used by Apple’s iPhone 16 Pro and iPhone 16 Pro Max.

Then Kuo further claims that Apple plans to sell between five and seven million of the devices in 2026. Between this and other MacBook devices, Kuo says Apple wants to get back to the COVID peak of 25 million sold across 2026.

The one area Kuo has no claimed detail on is pricing, but that sales estimate is aggressive, which implies a lower price. If the estimated screen size is correct, that would mean this Mac has the same size display as the MacBook Air, which is already the lowest-cost Mac.

Switching from an M-series to an A-series would certainly enable lower production costs, as the current Mac processors are physically larger and more complex than the iPhone ones. The A-series have fewer CPU and GPU cores, and are not really built for the same heavy workload as a Mac.

That would immediately mean that the low-cost Mac would not be suitable for power users, which then implies it would be much more of a casual or consumer device.

There’s no indication that it would run iOS or iPadOS, but only an implication that it would continue to run macOS in some form.

Having some Macs on the M-series and some on the A-series sounds complex from a marketing perspective. Except Apple already has a similar split with the iPad, and the company always sells on features instead of processor specifications.

If the claim is correct, then this could be Apple effectively bringing back a version of the MacBook — as opposed to the MacBook Air or the MacBook Pro. While it had keyboard issues for many users, and was smaller than Kuo’s claim of 13-inches, the MacBook had a lot going for it at launch in 2015.

And when it was discontinued without a direct replacement in 2019, it was also much missed.

Note that Ming-Chi Kuo is no longer as accurate as he was just a few years ago, but he does have sources in the supply chain, and he has got things right. He now almost never specifies whether his claims are leaks from sources or just his speculation, but equally this claim has more precise detail than usual.



This story originally appeared on Appleinsider

Jerome Powell accused of lying to Congress over $2.5B ‘Palace of Versailles’ HQ revamp

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Federal Reserve Chair Jerome Powell is being accused of lying to Congress after he denied that a $2.5 billion revamp of the central bank’s Washington headquarters will load the facility with lavish amenities — and some are demanding that he be punished, The Post has learned.

Powell called The Post’s exclusive report in April about the bloated renovation project — which led Sen. Tim Scott (R-SC) to liken it to the “Palace of Versailles” during a grilling by the Senate Banking Committee last week — “misleading and inaccurate”.

“There’s no VIP dining room, there’s no new marble. There are no special elevators,” Powell insisted under questioning from the powerful panel on Wednesday. “There are no new water features, there’s no beehives, and there’s no roof terrace gardens.”

Powell was accused by Senator Cynthia Lummis (R-WY) of making “a number of factually inaccurate statements” during his testimony to the Senate Banking Committee on Wednesday. Jack Forbes / NY Post Design

But Powell — who is meanwhile facing heat from President Trump over a failure to slash interest rates — directly contradicted the project’s own planning documents, which were signed off by government pen pushers in 2021 — and which haven’t been revised since.

The costly vanity project was signed off by US government pen pushers in 2021 and costs are already overrunning. NCPC

“The private dining rooms on Level 4 (of the Fed’s Eccles building) will be restored,” reads one excerpt from the filing with the National Capital Planning Commission. “The Governors’ private elevator will be extended to discharge at the dining suite level.”

The documents also expressly mention “vegetated roof terraces” that will welcome “urban wildlife and pollinators” as well as new marble and water features.

Andrew T. Levin — a professor of economics at Dartmouth College who served as an economist and advisor to the Fed’s board from 1992 to 2012 — urged Congress to step in and punish Powell for lying to lawmakers.

“A top Fed official cannot be permitted to make false statements under oath at a congressional hearing. Such statements must be promptly corrected, and in egregious cases, subject to censure by the Senate,” Levin said.

Andrew T. Levin, a former Fed official, has argued for stronger Congressional oversight of the central bank. Dartmouth

Sen. Cynthia Lummis (R-Wyo.), a majority member of the Senate Banking Committee, told The Post that Powell “was clearly not prepared for his testimony, and should be embarrassed.”

“He made a number of factually inaccurate statements to the Committee regarding the Fed’s plush private dining room and elevator, skylights, water features, and roof terrace,” Lummis said in a statement to The Post. “This is typical of the mismanagement and ‘don’t bother me’ attitude that Chair Powell has always shown.”

A Fed spokesman declined to comment.

Sen. Cynthia Lummis (R-Wyo.), a majority member of the Senate Banking Committee, told The Post that Powell “was clearly not prepared for his testimony, and should be embarrassed.” Getty Images

The 72-year-old Powell also appeared to dismiss concerns that the revamp was being subsidized by American taxpayers in Wednesday’s hearing, saying simply that “the cost overruns are what they are.”

The eye-watering price tag for the overhaul has already ballooned by 30% from an original estimate of $1.9 billion.

Sen. Scott, chair of the Senate Banking Committee, branded the renovations as “luxury upgrades that feel more like they belong in the Palace of Versailles.”

Sen. Tim Scott grilled Powell about the eye-wateringly expensive renovations after the Post’s April expose on the Fed’s DC HQ. AP

After The Post broke the story about the Fed’s reckless spending on the HQ upgrade, former Department of Government Efficiency chief Elon Musk called the news “an eyebrow raiser.”

The Tesla titan, who has since left government, said DOGE should “definitely” investigate how so much money came to be blown on the glorified vanity project.

By comparison, JPMorgan’s new headquarters in Midtown Manhattan — a luxe, 60-story tower at 270 Park Ave. designed by star architect Norman Foster — is set to cost an estimated $3 billion.

Planning documents posted online appear to directly contradict Chair Powell’s testimony to the Senate Banking Committee. NCPC

The revelations are controversial at a time when the Fed is struggling with mounting losses, which stand at a total of $233 billion from the past three years.

Its interest costs surged and outstripped its earnings on bonds it owns when Powell hiked rates in trying to tame rampant inflation during the Biden administration.

It sank into the red for the first time in its history, posting losses of $114.6 billion in 2023. Officials there insist that losing money in no way impacts their ability to operate and conduct monetary policy.

When the Fed makes a profit, that money is then passed on to the US Treasury to become part of the federal government’s budget.

The losses are bundled together in what is known as the Fed’s “deferred asset” that it must pay down before money can be spent on other things, such as defense, education, and Medicare.



This story originally appeared on NYPost

With code words and dog whistles, Zohran Mamdani puts a pretty face on hate

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Zohran Mamdani sure is good at putting a pleasant face on hate.

His platform’s pointed reference to boosting property taxes on white New Yorkers is “just naming things as they are,” he claimed Sunday, simply “an assessment of what neighborhoods are being under-taxed versus over-taxed.”

So why make a point of linking it to race, unless you’re talking code?

Similarly, he wouldn’t back down on his defense of the phrase “globalize the intifada,” which along with “from the river to the sea” is blatantly about opposing Jews as Jews and eliminating Israel.

But “that’s not language that I use,” he blurred: His language is about “a belief in universal human rights” — rights that, strangely enough, Israel actually respects but not the Palestinian territories.

Even his plans to hike taxes on businesses and the rich are somehow “a vision for every single New Yorker, including business leaders across the city.”

Sure, everyone has a place in his vision — but for many, it’s as his villains who’ll have to pay.

His supporters hear the dog whistles; the rest of us are supposed to be snowed by his aw-shucks claims about how he’s just being “frank” and perhaps a trifle impolite in “naming things as they are.”

Let’s see if he can keep up this nasty game all the way to Nov. 4.



This story originally appeared on NYPost

Ready to start buying shares in July? 5 rookie mistakes to avoid

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Image source: Getty Images

Stock market investing is such a popular method to build wealth for one simple reason: it works. However, there are a number of pitfalls that can severely reduce returns or even result in a loss. Here are five that are best avoided by anyone planning to start buying shares.

Chasing hype stocks

The first rookie mistake to avoid is chasing hyped-up shares. Personally, any talk of a stock “going to the moon” is a red flag for me! One that springs to mind is Trump Media & Technology Group. This is the firm behind President Donald Trump’s social media platform, Truth Social. 

The stock’s up 38.5% over two years, but down 72% since March 2024. This volatility’s unsurprising, given that the company has minimal revenue and is posting losses. The firm’s going to start stockpiling Bitcoin, which might work out well. But if I was starting to buy shares in July, I’d avoid meme stocks like Trump Media.  

Ignoring fees

Next is ignoring fees, which can really eat into returns over time. One way to avoid this is to minimise portfolio churn (lots of buying and selling). Investing in stocks for the long term reduces the need to trade in and out of positions.

Going all-in

Another rookie mistake is betting the farm on a single stock. While there’s a chance this might pay off, it’s also very risky, and can result in permanent losses.

The smart thing to do is to build a diversified portfolio of stocks from different sectors. Mine is made up of UK dividend shares and US growth stocks, as well as a handful of exchange-traded funds (ETFs) and investment trusts.

Ignoring valuation

A very common rookie mistake is to ignore valuation. Buying great companies is just one side of the equation — the other’s not massively overpaying for them.

For example, it’s clear to me that Palantir‘s a world-class software company. It’s growing very rapidly as it helps organisations imbed artificial intelligence (AI) into their operations. It’s an ambitious firm led by smart founders, with a seemingly long runway of growth ahead.

However, the stock’s trading at 104 times sales. I think this sky-high valuation’s very risky, especially if Palantir’s growth decelerates.

Not searching for a moat

Finally, many newbie investors fail to assess whether a company has an economic moat. In other words, a durable competitive advantage that keeps competitors at bay.

One firm that certainly has a deep moat is Amazon (NASDAQ: AMZN). It has a massive logistics network that very few can match, while its Prime subscription service keeps hundreds of millions of customers loyal to the app. 

It does me. Those familiar brown boxes are a regular sight coming up my driveway!

Beyond e-commerce, Amazon also has a dominant position in cloud computing via its AWS division. In Q1, net sales increased 9% to $155.7bn, with AWS contributing $29.3bn of that (17% year-on-year growth).

The main near-term risk here is an economic downturn in the US, not helped by President Trump’s tariffs. This could see consumers pull back on spending.

However, Amazon’s long-term growth outlook remains strong, with revenue tipped to reach $1trn by 2030! The stock isn’t trading at a crazy valuation, making it worth considering, in my opinion.



This story originally appeared on Motley Fool

Étoile Cast Cancellation Reactions — No Season 2 on Prime Video

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Diane Brady talks to economist Nouriel Roubini, Carlyle’s David Rubenstein, and Kraken’s Arjun Sethi

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Good morning, I’m just back from the Aspen Ideas Festival, where I had an opportunity to speak with many thought-provoking leaders about how they’re navigating this climate. I’ll share some of those insights later this week. For today, I want to highlight a conversation I had with noted economist Nouriel Roubini; Carlyle Group co-founder and co-chair David Rubenstein; and Arjun Sethi, co-CEO of the crypto exchange Kraken. The topic: What wealth will look like tomorrow.

Roubini (known as Dr. Doom for predicting the financial crisis), has more recently become Dr. Boom for his view that a tech-driven renaissance for the U.S. economy will ultimately lead to 8% GDP growth. “I’m a contrarian,” he said, noting that technological drivers of innovation working in America’s favor right may also create job losses that may necessitate a universal basic income.

Rubenstein talked about this country’s mounting debt and the strength of the dollar, while being bullish on the European defense sector and the longevity economy. “In the future, we’re not going to measure people’s wealth by how much money they have.” Rather, he said, wealth will be measured by the length and health of one’s life. “In 10 or 20 years, we will be able to tell you how long you’re likely to live,” he said.

Sethi talked about the democratization of access to capital and trading through crypto and the continued challenge of regulation in building products and getting things done. “If you were to go to China and build a robot, it would take less than six months. Whereas it could take two years in the U.S.,” said Sethi, who has the number of seconds in a day tattooed on his forearm. “I am paying our lawyers more than anyone else.” You can watch our full conversation here.

More news below.

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

Top news

10 days to go until tariffs resume

Agreements with about dozen countries are expected to be in place before the July 9 deadline. But most of them are bare-bones agreements that will requires future negotiation. The U.S. will send countries that have not reached a deal a letter telling them what the U.S.’s terms are. Trump said tariff levels would be 25% or more.

Canada ends digital tax following Trump threat

The 3% sales tax had targeted U.S. tech companies. Trump had terminated talks with Canada on Friday and on Sunday said they would not resume “until such time as they drop certain taxes, yeah,” he said on Fox News. “People don’t realize, Canada is very nasty to deal with.”

Tax cuts and tariffs

The Senate advanced President Donald Trump’s plan for tax breaks and spending cuts over the weekend, with Trump pushing for lawmakers to finish the bill by July 4. In other deadline news, Trump said he would rather send letters to countries regarding their impending tariffs rates than extend the pause past July 9.

Trump’s big beautiful bill could add $2.8 trillion in debt

That’s according to a new estimate by the Congressional Budget Office. The White House claims it will reduce deficits.

Trump renews his attacks on Powell

The president again insulted the Chairman of the U.S. Federal Reserve for keeping interest rates at 4.25%. Calling Jerome Powell a “stupid person” and a “bad person” on Fox News on Sunday, Trump said, “We should be at 1% or 2%.”

$1 billion in Nvidia insider sales

Over the last 12 months, top executives at the chipmaker have sold off hundreds of millions in pre-planned stock sales, the FT reports. $500 million in sales took place this month alone. CEO Jensen Huang sold stock last week for the first time since September.

Happy birthday to you, Elon

A Tesla Model Y drove itself from a factory in Austin to its new owner, who was waiting 30 minutes away. This “fully autonomous delivery,” as Tesla CEO Elon Musk shared, was a first for the car company—and the milestone was an early birthday present for Musk, who turned 54 on Saturday.

Mamdani’s stance on billionaires

In an interview with NBC, New York City mayoral candidate Zohran Mamdani shared that he is anti-billionaire, as “it is so much money in a moment of such inequality.” Mamdani, a self-described democratic socialist, went on to say: “I look forward to work with everyone, including billionaires, to make a city that is fairer for all of them.”

The markets

  • S&P 500 futures rose 0.37% this morning, premarket. The S&P 500 closed up 0.52% on Friday, hitting a new record high (6,173). U.K. and Europe markets were flat in early trading. Japan’s Nikkei 225 was up 0.84%. The major China indexes were up this morning, as was South Korea, but Hong Kong and India were down.

From the analysts

  • UBS on U.S. fiscal stability: “The US Senate is trying to pass a budget. Markets expect this will keep the US fiscal position on an unsustainable path (ideas of deficit reduction generally rest on some very heroic assumptions about economic growth and tax revenue). As US debt levels grow, it is worth remembering that private sector wealth is at a record high. The US government may, in time, seek to mobilize that wealth to finance the growing deficit,” per Paul Donovan.
  • Goldman Sachs on global markets: “Underlying US inflation has been lower than expected; trade uncertainty measures have fallen further; fragility at the long end of global bond markets has been contained so far; and the impact of tariffs on growth and inflation has not yet validated the worst fears,” per Kamakshya Trivedi and Dominic Wilson.
  • Pantheon Macroeconomics on consumer spending: “The 0.3% fall in consumers’ real spending in May and big downward revisions to earlier months mean spending likely rose at an annualized pace of only about 1½% in the first half this year, well below last year’s 3% average. Moreover, the lack of momentum recently, looming tariff-driven price hikes, and an imminent deterioration in the labor market all suggest spending will slow further in Q3,” per Samuel Tombs and Oliver Allen.

Around the watercooler

Investors piled out of U.S. bond funds in Q2, but long-term Treasuries may soon get relief by Greg McKenna

Ford CEO Jim Farley says Waymo’s approach to self-driving makes more sense than Tesla’s by Jessica Mathews

Victoria’s Secret hired a superstar CEO to turn around the flagging brand. But a 50% stock drop has activist investors circling by Lila MacLellan

‘Twilight’ superfans bought Bella Swan’s house for $360,000—now they get $140,000 a year in gross revenue renting out the ultimate collector’s item by Emma Burleigh

This Gen X CEO has only worked at one company for 35 years—she says job-hopping Gen Z are not putting enough energy and time into their current gigs by Preston Fore

CEO Daily is compiled and edited by Nina Ajemian and Jim Edwards.

This is the web version of CEO Daily, a newsletter of must-read global insights from CEOs and industry leaders. Sign up to get it delivered free to your inbox.



This story originally appeared on Fortune