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| Israel launched a series of strikes on Hamas in Gaza, killing hundreds and threatening a return to war. In Washington, Trump administration officials are roiled in debate over how to implement the president’s pledge to equalize U.S. tariffs with those charged by other nations, at one point considering a tiered system for trading partners. And across America, corporate diversity initiatives are in the crosshairs of a growing political and legal war. At Morgan Stanley, the backlash bubbled up from within. |
| Emma Tucker Editor in Chief, The Wall Street Journal |
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Today’s headlines from the Wall Street Journal:
- Israel’s attacks across the Gaza Strip came after talks to release the remaining hostages held in the enclave stalled out.
- President Trump’s on-again, off-again approach to tariffs means that even careful planning isn’t enough to spare importers from new levies.
- The Federal Reserve is navigating the chaos of a trade war from an administration that is ready to blame its officials for any economic slowdown.
- The IRS is ending some large audits and putting others in limbo, the early fallout of a retreat from stepped-up tax enforcement.
- Procter & Gamble has taken the lead in its 95-year rivalry with Unilever by doubling down on its biggest everyday brands.
The Little Prince and the Fox 