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✏️ Rarely a week goes by in Europe without a tale of zealous policing of free speech. In a continent scarred by the Holocaust, loosely defined hate-speech laws and the rise of social media have created fertile ground for authorities to crack down on those seen to be stirring up trouble. Separately, more companies are selling health-testing services, with diet recommendations based on the results. For our nutrition reporter, it was a real gut punch. | |
Emma Tucker
Editor in Chief, The Wall Street Journal | |
- The Trump administration sent letters to more than a dozen countries threatening to raise tariff rates unless each secured trade deals by a new Aug. 1 deadline.
- The death toll from the Texas floods climbed in several counties Monday, to more than 100 people.
- New York City real-estate executives are throwing support and money behind incumbent Mayor Eric Adams to counter the rise of Zohran Mamdani.
- President Trump said he would resume providing Ukraine with arms to help it withstand Russian attacks after months of trying to draw Moscow into negotiations.
- The TSA is rolling out new procedures to allow passengers to keep shoes on while passing through airport security screenings.
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| Europe's crackdown on speech goes far and wide. | |
In France, a woman spent 23 hours in custody for giving President Emmanuel Macron the middle finger. A German woman who posted images of politicians with painted-on Hitler mustaches and called a minister a terrorist was fined about $690. And in Denmark, a landmark trial began in May for two men accused of burning a Quran at a folk festival. Natasha Dangoor, Bertrand Benoit and Max Colchester look into Europe's growing restrictions on speech. | |
| A flash flood turned a Texas summer camp into a disaster zone. | |
| | PHOTO: SERGIO FLORES/REUTERS | |
As the holiday weekend approached last week, the specter of flooding hung over the Guadalupe River, where cabins, RV parks and summer camps buzzed with festive groups. On July 3, the water was clear and the river was a playground. But the forecast was growing darker. Joshua Chaffin, Scott Calvert, Jim Carlton and Patience Haggin examine how a typical week at Camp Mystic, with what seemed like routine flood warnings, quickly turned into a fight for survival. | |
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| Q: Do anti-woke funds perform better than ESG investments? | |
Some investors hoping to abandon so-called woke principles have turned to exchange-traded funds that promise an antidote to liberal culture. But some of these funds can mirror the mistakes of socially conscious investments, Gunjan Banerji reports. | |
A: Let's look at the American Conservative Values ETF, for example, which says it lets investors align portfolios with political beliefs and boycotts companies that are viewed as hostile to its values. A look under the fund's hood reveals something a lot like an S&P 500 index fund with higher fees. Of roughly 370 holdings, some 335 also belong in the S&P 500, according to Dow Jones Market Data. Its top holdings—Nvidia, Microsoft, Broadcom and Berkshire Hathaway—also loom large over the broad S&P 500. The fund's performance has closely mimicked that of the broader market over the past three years, and it has outperformed by about 2 percentage points this year. The ETF's holdings are reminiscent of environmental, social and corporate-governance funds, many of which were big tech funds disguised as sustainable investments to fight climate change. Just as there was no industrywide playbook for what belongs in sustainable funds, there is no model for anti-woke funds. Such funds can underscore the pitfalls of principles-based investing, a category that includes everything from a women's-empowerment ETF to a fund considered to be in adherence to Islamic law. The majority of ETFs in the principles category have lagged behind the S&P 500 over the past year, according to Dow Jones Market Data as of June. | |
| 🎥 Phasing out artificial dyes is complex work. | |
| | PHOTO: REINALDO GENTILE-RONDON | |
Health Secretary Robert F. Kennedy Jr. says he's working with the food industry to remove synthetic dyes by the end of 2026. WSJ visited one of the world's largest food-color plants to see why this deadline is so hard to hit. | |
- Amazon's Prime Day kicks off. With interest waning over time, this year's promotion is doubling in length as the retailer gets more creative with discounts.
- 📰 Today's paper
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The typical length of cable tethered to the fiber-optic drones that Russia and Ukraine are deploying on the battlefield. Instead of using radio signals that can be easily blocked, fiber-optic drones transmit data back to the pilot through the cable they unspool as they fly. They are a gamechanger in built-up areas, where walls or ravines interfere with radio signals. | |
| Our nutrition reporter's digestive tract flunked a health test. | |
Andrea Petersen had her gut microbiome—the collection of bacteria in the digestive tract—tested as part of a service offering personalized nutrition advice. A "poor" rating was just one of the many surprises she encountered. | |
| | About Us | The 10-Point is your guide to The Wall Street Journal's reporting and analysis you can't get anywhere else. Your subscription makes our journalism possible. Today's newsletter was curated and edited by Sarah Chacko and Gary Mitchell in collaboration with Editor in Chief Emma Tucker. | |
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