JD Vance lays out protectionist agenda at Republican conference

Good morning. In the present day we’re masking:

• A recent push to oust Joe Biden

• A brand new anti-ageing remedy

• China’s new “socialist” AI mannequin

However we begin with the ultimate day of the Republican Nationwide Conference in Milwaukee, Wisconsin, which is able to shut with a speech this night from Donald Trump.

The previous president mentioned over the weekend that, having survived an assassination try on Saturday, he had overhauled his RNC speech to give attention to “unity”.

Final evening, the occasion’s star act was the Ohio senator and Trump’s choose for vice-president JD Vance. In a speech to simply accept his nomination as Trump’s working mate, Vance praised a “nation the place a working-class boy born removed from the halls of energy” might rise to the very best ranges of politics, as he pledged unwavering loyalty to the previous president.

The 39-year-old additionally leaned closely on his impoverished upbringing to rail in opposition to Wall Road and company America, placing financial populism on the coronary heart of the occasion’s marketing campaign. Listed here are extra particulars on the isolationist agenda specified by Vance’s speech.

• Maganomics: Learn our explainer on the Trump-Vance financial agenda, which is threatening to have a big impact on every part from world commerce to company taxes.

• Kingmaker: Donald Trump Jr was a forceful booster of the Ohio senator, combating Rupert Murdoch and different institution figures within the Republican occasion who most well-liked extra seasoned politicians.

• What makes Donald Trump irresistible: For a lot of guests to the Republican occasion’s nationwide conference in Milwaukee this week they know their candidate has an attract that escapes many Democrats and overseas observers. They name it “the Trump issue”.

Right here’s what I’m conserving tabs on at the moment:

• Financial coverage: Michelle Bowman, Fed governor and voter on its rate-setting committee, will give the keynote handle on accountability and reform at a convention on standard financial institution funding regimes in Dallas. The European Central Financial institution is extensively anticipated to carry benchmark charges on the present degree.

• Financial information: Preliminary purposes for US state unemployment support — a proxy for lay-offs — are anticipated for final week.

• Firms: personal fairness group Blackstone, streaming platform Netflix and homebuilder DR Horton report outcomes.

5 extra high tales

1. The way forward for Joe Biden’s re-election bid has been plunged into doubt once more after senior Democrats warned the president that he risked dropping the election in opposition to Donald Trump and hurting the occasion’s congressional candidates. Right here’s the newest on Biden’s faltering re-election marketing campaign.

2. Warner Bros Discovery has mentioned splitting its digital streaming and studio companies from its legacy tv networks because the US media large behind CNN and HBO weighs choices for reinforcing its sagging share worth. Right here’s extra on the dramatic plan.

• Extra media information: Disney chief govt Bob Iger and his spouse, Willow Bay, have agreed to purchase a controlling stake within the US Nationwide Girls’s Soccer League membership Angel Metropolis FC.

3. Grant Thornton is weighing a deal to unite its transatlantic associates, in accordance with individuals aware of the proposal. The accounting group’s US enterprise has mentioned a potential deal to amass its UK and Irish associates in what could be probably the most bold M&A transactions within the sector thus far.

4. A former Segantii Capital Administration worker has mentioned the Securities and Trade Fee shouldn’t be planning to take motion in opposition to him. Robert Gagliardi’s buying and selling had fashioned a part of the US probe into Morgan Stanley that the financial institution settled this 12 months for $249mn. Learn the total story.

5. A remedy primarily based on the science that permits axolotl salamanders to regrow severed limbs will help mice dwell 25 per cent longer, in accordance with the newest breakthrough in anti-ageing analysis. Right here’s how the method works.

The Huge Learn

As soon as thought of a barely investable backwater by world portfolio managers, India’s fairness markets have not too long ago remodeled. On-line “finfluencers” are tapping into frenzied enthusiasm for buying and selling among the many nation’s huge millennial and Gen Z cohort. However as tens of hundreds of thousands of first-time home traders pile into shares and mutual funds, the nation’s regulators are rising involved concerning the explosion of risk-taking.

We’re additionally studying . . . 

Graphic of the day

Analysing aerial and satellite tv for pc photographs and video at Saturday’s marketing campaign occasion, our visible investigation demonstrates the extent of the safety failures that allowed a would-be murderer to shoot Donald Trump.

Take a break from the information

Birdnesting — or just nesting — is a residing association whereby the kids stay within the household house with one dad or mum usually for half the week, earlier than the opposite dad or mum swaps in. Advocates say it offers stability for youngsters, however critics warning that it might stop {couples} from transferring on. So is it the longer term for separated dad and mom?

Extra contributions from Tee Zhuo and Benjamin Wilhelm