Europe Gears Up for U.S. Trade Fight

This Wall Street Journal news podcast, "What's News," covers several key global economic and political stories. The segment begins with a discussion of escalating trade tensions between the European Union and the United States, focusing on the potential for retaliatory measures from the EU if a trade deal isn't reached by August 1st. Further segments discuss the impact of U.S. tariffs on Stellantis, the Japanese ruling coalition's election loss, Treasury Secretary Scott Bessent's efforts to dissuade President Trump from firing Fed Chair Jerome Powell, and the unintended consequences of the U.K.'s attempt to tax the super-rich. The podcast also includes brief reports on Ryanair's profits, Alaska Airlines' software outage, and a Microsoft security alert.