New US tariffs, Trump's Saudi Arabia demand and AI ‘kill switch’

New US tariffs, Trump's Saudi Arabia demand and AI ‘kill switch’

The Trump Administration's latest slate of global tariffs may be more durable than earlier tariff regimes. President Donald Trump makes a new demand that could derail a U.S.-Saudi nuclear agreement. Congress is proposing new ways to regulate AI after an OpenAI agent went "rogue." Federal prosecutors withdraw subpoenas for New York Times reporters - at least for now. And Ukraine has a new target: Russian e-retailers. Listen to the Morning Bid podcast ⁠⁠⁠⁠here⁠⁠⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Freuters.sng.link%2FEng86%2F0flfc%2Fr_b612e09fe6&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600703027%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=72pn%2BR49pQbWZiUyjCiUxbg6BIWNxe8%2F1ITXf4J6dYU%3D&reserved=0]. Sign up for the Reuters Econ World newsletter ⁠⁠⁠⁠here⁠⁠⁠⁠ [https://www.reuters.com/newsletters/reuters-econ-world/]. Listen to the Reuters Econ World podcast ⁠⁠⁠⁠here⁠⁠⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.chtbl.com%2FAbxd8GDx&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600732950%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=fX87JTBYLBuAmci%2B%2FHjeb8W1bVHtGdZQ%2Bcv5KasL9eY%3D&reserved=0]. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Houthi strikes, rogue AI and Ukraine's kill zone

Iran-aligned Houthis attack Saudi oil tankers in the Red Sea,  closing in on another key oil route. Iranian strikes on CIA facilities are prompting questions about a possible Russian role. OpenAI says AI models went rogue during testing. And how to visualise the "kill zone" frontline in Ukraine. Inside Ukraine’s kill zone [https://www.reuters.com/world/ukraine-russia-war/inside-ukraines-kill-zone-2026-07-23/] Listen to the Morning Bid podcast ⁠⁠⁠here⁠⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Freuters.sng.link%2FEng86%2F0flfc%2Fr_b612e09fe6&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600703027%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=72pn%2BR49pQbWZiUyjCiUxbg6BIWNxe8%2F1ITXf4J6dYU%3D&reserved=0]. Sign up for the Reuters Econ World newsletter ⁠⁠⁠here⁠⁠⁠ [https://www.reuters.com/newsletters/reuters-econ-world/]. Listen to the Reuters Econ World podcast ⁠⁠⁠here⁠⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.chtbl.com%2FAbxd8GDx&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600732950%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=fX87JTBYLBuAmci%2B%2FHjeb8W1bVHtGdZQ%2Bcv5KasL9eY%3D&reserved=0]. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Saudi nuclear energy, a year in a Ukraine foxhole and Netanyahu arrest blocked

U.S. President Donald Trump gives Saudi Arabia the green light on nuclear energy, without demanding safeguards against a weapon. A Ukrainian soldier recounts how he survived 346 days in a frontline foxhole. The Iran war has cost the U.S. more than $37 billion. And New York Mayor Zohran Mamdani can't arrest Israeli Prime Minister Benjamin Netanyahu. Listen to the Morning Bid podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Freuters.sng.link%2FEng86%2F0flfc%2Fr_b612e09fe6&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600703027%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=72pn%2BR49pQbWZiUyjCiUxbg6BIWNxe8%2F1ITXf4J6dYU%3D&reserved=0]. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠ [https://www.reuters.com/newsletters/reuters-econ-world/]. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.chtbl.com%2FAbxd8GDx&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600732950%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=fX87JTBYLBuAmci%2B%2FHjeb8W1bVHtGdZQ%2Bcv5KasL9eY%3D&reserved=0]. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Houthis' Saudi blockade, oil prices, India's Gen Z and Taco Bell lawsuits

Yemen's Houthis announce a Saudi naval blockade, threatening the Red Sea export route and opening a new front in the U.S.-Iran war. Despite one of the biggest oil supply shocks in history, prices haven't soared. Thousands march in India to demand the resignation of the education minister, the biggest confrontation yet for the Gen Z-led Cockroach Janta Party. And Taco Bell faces a wave of lawsuits after contaminated lettuce leaves thousands sick and more than 100 hospitalized. Listen to the Morning Bid podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Freuters.sng.link%2FEng86%2F0flfc%2Fr_b612e09fe6&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600634080%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=78Ppb%2FgS6uiby6qWshbaJDTUn%2Fl8REr7WrXwEh2OZp4%3D&reserved=0]. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠ [https://www.reuters.com/newsletters/reuters-econ-world/]. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.chtbl.com%2FAbxd8GDx&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600673954%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=bVY7gCotsBlqaGM9%2BvNVcuniqclEUMjnoY0IiARFW4A%3D&reserved=0]. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Spain's World Cup win, new UK PM and US voter fraud claims

Spain beat Argentina to win the World Cup, capping off a record-breaking tournament that U.S. President Donald Trump was quick to claim credit for. So-called "King of the North" Andy Burnham becomes the UK's seventh prime minister in 10 years. The US strikes Iran for a ninth day. And a Reuters investigation undercuts Trump’s assertion that a conspiracy of non-citizen voting is afoot in the U.S. Listen to the Morning Bid podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Freuters.sng.link%2FEng86%2F0flfc%2Fr_b612e09fe6&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600634080%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=78Ppb%2FgS6uiby6qWshbaJDTUn%2Fl8REr7WrXwEh2OZp4%3D&reserved=0]. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠ [https://www.reuters.com/newsletters/reuters-econ-world/]. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.chtbl.com%2FAbxd8GDx&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600673954%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=bVY7gCotsBlqaGM9%2BvNVcuniqclEUMjnoY0IiARFW4A%3D&reserved=0]. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]