Corporate America Is Picking Up the Tab for Trump’s Tariffs

This Wall Street Journal "What's News" podcast episode for July 25th covers several top business and news headlines. It discusses how American corporations are currently absorbing the costs of Trump's tariffs, but these costs may eventually be passed on to consumers. Hopes are rising for a trade deal between the U.S. and Europe. The podcast also reports that banks are becoming more selective in issuing credit cards, targeting big spenders with high credit scores due to economic uncertainties. Additionally, the White House is seeking fines from universities that allegedly failed to address anti-Semitism, linking access to federal funding to these measures, using the Columbia University case as a blueprint. The episode also touches on Meta Platforms halting political ads in the EU and the contents of Jeffrey Epstein's 2003 birthday book, which included a letter from Bill Clinton. Finally, a shooting at the University of New Mexico campus is reported.