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Biden’s top trustbuster faces a battle to survive, even under Harris

Sure, Wall Street donors dislike Federal Trade Commission chief Lina Khan. But she’d also have a harder time than before with GOP senators.
Federal Trade Commission Chair Lina Khan.Andrew Kelly/Reuters

US approves tariff hikes on Chinese goods, including a 100% duty on EVs

The hikes, which also include a 25% tariff on EV batteries, will come into force on Sept. 27.
Chalinee Thirasupa/Reuters

ECB cuts interest rates for second time in three months

Christine Lagarde said that while the eurozone still faces some “headwinds,” it will “strengthen over time.”
Jana Rodenbusch/Reuters

CrowdStrike ex-employees: ‘Quality control was not part of our process’

Former company staffers said they raised concerns about quality and training for more than a year before the July outage.
Jelena Lugonja/Semafor

Can the US win over Google in court?

Semafor caught up with two former US government antitrust cops who disagree about the strength of the government’s case.
Annegret Hilse/File Photo/Reuters

China’s deflation risk rises as Beijing struggles to spark consumer confidence

The potential for deflation in China could affect prices across the globe, but the likely impact remains unclear.
China Daily via Reuters

Semaforum: Kate Conger and Ryan Mac

The two New York Times tech reporters discuss their book on Twitter under Elon Musk.

Mark Cuban is Kamala Harris’ on-call billionaire. What’s he after?

The Shark Tank star and former Dallas Mavericks owner once talked with No Labels about a third-party run. These days, he’s in the KHive.

August jobs report is weaker than expected

Hiring missed expectations in August, but unemployment edged down from the previous month.

Mexico’s controversial judicial reform bill clears key hurdle

The Chamber of Deputies, which favors Mexico’s ruling party, overwhelmingly approved the bill, despite protesters saying it is anti-democratic.

Ex-Obama economic adviser Jason Furman on the one number the world is waiting for

Friday’s jobs report will determine whether, and by how much, the Federal Reserve cuts interest rates later this month.

Biden to block Nippon Steel acquisition of US Steel

The potential sale of US Steel has become a political flashpoint ahead of America’s November election.

China pledges to boost Nigeria investment after leaders meet in Beijing

China pledged to bolster Nigeria’s economy and allow Chinese investment in its energy and mineral resources.

Japan’s stock market slides in reaction to Wall Street tumble

Japan’s Nikkei share average dropped after US stocks fell over fears of an economic slowdown.

US Justice Department ramps up pressure on Nvidia as stock slumps

The US Department of Justice is probing the chipmaker on suspicions of antitrust violations following complaints from rivals.

A conscious uncoupling on Wall Street

TPG quietly sold its stake in former credit arm Sixth Street for about $1 billion.

White US egg donors paid up to eight times more than Black donors, study finds

A new book raises troubling questions about eugenics in the US’ booming egg donation industry.

Indian regulators approve Disney-Reliance merger to create streaming giant

The merger will create an Indian streaming giant, in a blow to competitors such as Netflix and Amazon.