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✏️ President Trump's agreement to sell advanced arms to European allies so they can pass them to Ukraine could provide a badly needed boost to Kyiv in its war with Russia. But the central questions are how long will it take to get the new weapons into Ukraine and in what quantity. We also visit the Texas factory of America's biggest producer of rare-earth minerals. That's where they're making something the U.S. has hardly, if ever, produced at commercial scale in recent decades: rare-earth metals. | |
Emma Tucker
Editor in Chief, The Wall Street Journal | |
- Nvidia said it has received assurances from the Trump administration that it can sell its H20 artificial-intelligence chip in China.
- The European Union is readying a fresh list of American products to hit with retaliatory tariffs if a trade deal isn't reached by Trump's Aug. 1 deadline.
- Trump's whirlwind of trade moves is driven by a bet that unpredictability gives him an edge in negotiations. His strategy faces risks.
- A new ICE policy blocks detained immigrants who crossed the U.S.-Mexico border illegally from seeking bond as they fight their deportation cases.
- Inmates in a notorious Iranian prison hit by Israeli airstrikes last month have been transferred to facilities with worse conditions.
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| Ukraine's fortunes hinge on how fast NATO can deliver arms. | |
The promised buildup in Ukraine's defenses, announced by Trump and NATO Secretary-General Mark Rutte on Monday, depends on getting enough Patriot air-defense systems into the country quickly, and in the long run stepping up the West's production of interceptors for shooting down Russian drones and ballistic missiles. Michael R. Gordon, Yaroslav Trofimov and Robbie Gramer break down the new deal and how the U.S. and European nations could speed up the process. | |
| America's biggest rare-earth producer is making a play to end China's dominance. | |
MP Materials' mine in California has become the largest source of rare-earth minerals in the Western Hemisphere. Now, with fresh investment from the Pentagon, the company is racing to complete the supply chain so it can start converting large quantities of its minerals into high-grade magnets that power everything from cars and smartphones to missile systems. Jon Emont looks at how MP is reviving the industry in the U.S. and its high-stakes, billion-dollar bet that an American company can end China's chokehold over rare-earth metals. | |
Go inside the U.S.-China relationship. | Sign up for the WSJ China newsletter to get exclusive insights on the contest between the U.S. and China, brought to you every week by the WSJ's top China correspondent. | | |
CONTENT FROM: Deloitte | | | | | The U.S. depends on foreign suppliers for 100% of 12 critical minerals and more than 50% of 29 others, threatening economic security. President Donald Trump's National Energy Dominance Council proposes a three-part action plan: boost domestic mining, strengthen international partnerships and improve market transparency to reduce import reliance and enhance supply chain resilience. Read More | ![]() | | |
| Q: Why is the presidential autopen a source of so much scrutiny now? | |
Trump on Monday waded back into a controversy over Joe Biden's use of an autopen, pointing to the signature-duplicating device to question the legitimacy of his predecessor's clemency decisions. C. Ryan Barber and Annie Linskey explain why its back in the spotlight. | |
A: Trump's comments came in response to a New York Times interview with Biden, who said he had orally granted all of the pardons and commutations at the end of his White House term. Biden called Trump and other Republicans "liars" for asserting his aides had used an autopen to issue pardons and commutations without his approval. The autopen is making headlines amid parallel investigations by the Trump White House, Justice Department and Congress into high-profile clemency decisions Biden made in the waning days and hours of his presidency. The scrutiny picked up last month when Trump signed an executive order tasking the White House counsel and attorney general to investigate Biden's mental acuity and whether his aides had illegally used the device. As part of the investigation, the National Archives has turned over tens of thousands of Biden White House emails that could shed light on the decision-making process, with keywords including "clemency," "commutation" and "pardon." | |
| New York City's hotel market is the envy of the country. | |
Hotel owners across the U.S. are reeling from a decline in foreign visitors and domestic tourists scaling back their plans. Then there is New York City. The city's hotels averaged an occupancy rate of 82% a week for roughly the first half of the year. That is on par with last year—and nearly 20 percentage points higher than the national rate, according to real-estate analytics firm CoStar. | |
- The Labor Department will release the consumer-price index for June at 8:30 a.m. ET.
- Trump will be at Pennsylvania's first Energy and Innovation Summit, where he is expected to announce AI investments.
- Earnings: JPMorgan Chase, Wells Fargo, BlackRock, Citigroup, Bank of New York Mellon, State Street, JB Hunt Transport Services, Albertsons
- 📰 Today's paper
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The price that a digital token designed to track Amazon's stock hit briefly on July 3 on Jupiter, a peer-to-peer platform for crypto trading. The jump—more than 100 times Amazon's closing price the previous day—happened when a user tried to buy about $500 worth of the token. Some "tokenized" stocks have deviated wildly from the price of the underlying shares since their launch two weeks ago. Thinly traded across multiple crypto exchanges, they are susceptible to sharp price moves when users buy or sell more than the markets can handle. | |
| Etsy witches charge for jobs, sunshine and Knicks wins. Business is booming. | |
The concept of hiring a witch on Etsy hit a fever pitch when influencer Jaz Smith told her TikTok followers that she had paid one to make sure the weather was perfect during her Memorial Day Weekend wedding. The blue skies and warm temperature have inspired TikTok audiences to find Etsy witches of their own. Some people are putting their beliefs—and disposable income—into love spells, career charms and spirit cleansers. | |
- Opinion: It took six months, but Donald Trump seems to have concluded that Vladimir Putin doesn't want peace in Ukraine. This new realism is a welcome change from Trump's previous strategy of leaning only on Ukraine and has a better chance of getting a cease-fire.
- Buy Side from WSJ: How to consolidate credit card and other high-interest debt.
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| | 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 Will Horner in collaboration with Editor in Chief Emma Tucker. | |
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