**The Supreme Court’s recent decision striking down many of President Trump’s tariffs has created uncertainty for global businesses and prompted questions about future trade policy, with France advocating EU retaliation and Germany adopting a tougher stance with China**.

• Six Questions on the Future of Trump’s Tariffs — The New York Times Business -
• France says EU has the tools to hit back at Trump over tariffs — Financial Times -
• For India, Buying Russian Oil Just Got More Complicated — The New York Times Business -

• What Friedrich Merz is going to tell Xi Jinping — Financial Times -
• The Supreme Court’s tariff blow to Trump — Financial Times -
• Trump Doubles Down on Closing Tax Loophole on Cheap Imports — The New York Times Business -
• ‘Murky Waters’ for Global Businesses After Trump’s Tariff Loss — The New York Times Business -
• After Supreme Court Loss, Trump Plans to Impose Global Tariffs Using Different Laws — The New York Times Business -
• Supreme Court torpedoes Trump’s tariff regime in check on executive power — Financial Times -
• With Tariff Changes, Consumers May Be Stuck in a Waiting Game — The New York Times Business -
• Businesses Celebrate Tariff Relief, And Brace for New Uncertainty — The New York Times Business -

Iranian students are protesting anti-regime policies while Tehran residents fear a potential US attack, and Hungary has blocked a significant EU loan to Ukraine, further complicated by a disputed bridge financing impacting US-Canada relations.

• Iranian students mount further anti-regime protests — Financial Times -
• Hungary blocks €90bn EU loan to Ukraine days before war anniversary — Financial Times -
• Tehran on edge as residents fear US attack — Financial Times -

• Bridge owner donated $1mn weeks before Trump attacked rival, filing shows — Financial Times -

Big Tech is actively lobbying against social media bans, while packaged food producers reduce prices amid stagnant US sales and Fred Segal finds a new owner in Aritzia, contrasting with eroding haven asset status for US Treasuries and a rise in female billionaires.

• Inside the Big Tech Lobbying Machine Aiming to Halt Social Media Bans — The New York Times Business -
• Packaged food producers turn to price cuts as US sales stagnate — Financial Times -
• Fred Segal Has a New Owner. This Time It’s Aritzia. — The New York Times Business -

• The haven asset status of US Treasuries is eroding — Financial Times -
• Britain lacks a Magnificent Seven, but at least it has a meme stock — Financial Times -
• Mediterranean deluge revives worries about climate-driven food price rises — Financial Times -
• There Are 154 Billionaire Women in the U.S. Here’s How They Amassed Their Fortunes. — Wall Street Journal -
• Lloyd Blankfein Misses Being Goldman Sachs CEO—Mostly When There’s a Market Crisis — Wall Street Journal -

High tax rates are impacting the City's bonus season, contributing to nearly 6,000 entrepreneurs quitting the UK in the past two years, with many considering moving abroad.

• Nearly 6,000 entrepreneurs quit UK in past two years, say wealth managers — Financial Times -
• High tax rates overshadow bonus season in the City — Financial Times -

A behavioral scientist's research association with Jeffrey Epstein and Casey Wasserman's Epstein ties continue to cast shadows, highlighting ongoing scrutiny of individuals linked to the disgraced financier.

• He Researched Dishonesty. He Got Friendly With Jeffrey Epstein. — The New York Times Business -
• Casey Wasserman’s Epstein Ties Haunt His Reign As a Hollywood Powerbroker — Wall Street Journal -

Bangkok's Mandarin Oriental faces competition after 150 years, alongside insights into Spanish wine culture from Barcelona Wine Week.

• Now 150 years old, can Bangkok’s Mandarin Oriental still compete? — Financial Times -
• How to sum up Spanish wine in six glasses (none of them sherry) — Financial Times -