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DEMOCRATS RELEASE DETAILS OF PROPOSED TAX INCREASE

House Democrats are calling for raising the corporate tax rate to 26.5% from
21%, a 3-percentage-point surtax on top earners and a capital-gains tax
increase.1,5538 min read

 * WHITE HOUSE WORKS TO KEEP MODERATE DEMOCRATS’ BACKING

 * WHAT’S IN THE TAX PROPOSAL?


STOCKS PARE GAINS AS NASDAQ DECLINES

Stocks fell from their morning highs following the S&P 500’s worst weekly
performance since February, amid optimism that the Federal Reserve and the
government will continue offering stimulus measures.292 min read

 * AMC, GAMESTOP PUSH SMALL-CAP BENCHMARK HIGHER

 * URANIUM STOCKS JUMP AS REDDIT’S WALLSTREETBETS GOES NUCLEAR

 * HEARD ON THE STREET: URANIUM RALLY MIGHT HAVE A BRIEF HALF-LIFE

◆ WSJ News Exclusive


INTUIT NEARS DEAL TO BUY MAILCHIMP

The cash-and-stock deal, which values email-marketing platform Mailchimp at
around $12 billion, could be announced soon, assuming the talks don’t fall
apart, people familiar with the matter said.1 min read


INSIDE SHELL’S PUSH TO RESTART OIL PLATFORMS AFTER IDA

Nearly 50% of U.S. offshore oil production in the Gulf of Mexico remained
offline two weeks after Ida. Restoring output has been painstaking.7 min read

 * GLOBAL OIL DEMAND TO EXCEED PRE-PANDEMIC LEVELS IN 2022, OPEC SAYS


ENERGY PRICES IN EUROPE HIT RECORDS AFTER WIND STOPS BLOWING

A sudden slowdown in wind-driven electricity production off the coast of the
U.K. in recent weeks whipsawed through regional energy markets.4 min read


APPLE CYBER FLAW ALLOWS SILENT IPHONE HACK THROUGH IMESSAGE

Apple issued a software fix Monday, but an Israeli security firm has been
exploiting the vulnerability since February, according to a research group.10
min ago1 min read

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The Facebook Files


FACEBOOK SAYS ITS RULES APPLY TO ALL. COMPANY DOCUMENTS REVEAL A SECRET ELITE
THAT’S EXEMPT.

An extensive array of research reports, online employee debates and drafts of
presentations to senior management, reviewed by The Wall Street Journal, offer
an unparalleled look inside the social-media giant’s failings—and its
unwillingness or inability to address them.758Long read


COVID-19 DEATHS IN DELTA SURGE TREND YOUNGER IN U.S.

An increase in fatalities caused by the highly contagious Delta variant is
hitting working-age people while highlighting the risks for people who remain
unvaccinated.1,1335 min read

 * BOOSTERS AREN’T NEEDED YET, SCIENTISTS SAY

 * STUDY IN ENGLAND SHOWS FEW DEATHS AMONG VACCINATED

 * SENATORS QUESTION NIH HEAD OVER COVID DATA DELETION


NYC’S COVID-19 VACCINATION PROOF MANDATE FOR RESTAURANTS AND DINING: WHAT TO
KNOW

New York City has begun enforcing its vaccination requirements for restaurant
patrons and employees. Restaurants and customers now face penalties for not
abiding by the law.2425 min read

 * LATEST COVID-19 UPDATES


BLINKEN FACES LAWMAKERS OVER AFGHANISTAN WITHDRAWAL

Secretary of State Antony Blinken defended the Biden administration against
congressional criticism over the exit from Afghanistan and for leaving Americans
and allies behind.1914 min read


COMPANIES TIED TO GUO WENGUI TO PAY $539 MILLION TO SETTLE SEC ACTION

Three media companies tied to exiled Chinese businessman Guo Wengui will pay
$539 million to settle regulatory claims that they violated investor-protection
laws when they raised money from over 5,000 investors.39 min ago6 min read


LISTEN TO THE JOURNAL.

A podcast about money, business and power. Hosted by Kate Linebaugh and Ryan
Knutson.

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The Facebook Files, Part 1: The Whitelist
An investigative series dives into an extensive array of internal Facebook
documents. WSJ's Jeff Horwitz explains how high-profile users are shielded from
the site's rules.Read Transcript
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JUSTICE BREYER FEELS PARTISAN PUSH TO RETIRE8 MIN READ

Hundreds of iPhones Are in ‘Ted Lasso.’ They’re More Strategic Than You Think.
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HUNDREDS OF IPHONES ARE IN ‘TED LASSO.’ THEY’RE MORE STRATEGIC THAN YOU THINK.


PROENZA SCHOULER, TOM FORD, AND THE 16 BEST LOOKS OF NEW YORK FASHION WEEK2 MIN
READ


COLUMNISTS


THE NUMBERS ON WORK IN THE COVID-19 ERA

By Rachel Feintzeig


SURPRISE! DANIIL MEDVEDEV SLAMS THE DOOR ON NOVAK DJOKOVIC

By Jason Gay


APPLE’S NEXT IPHONE IS COMING SOON. HERE’S WHAT TO EXPECT.

By Nicole Nguyen


WSJ PROMOTION


SUMMER SALE

Get all sides of the story with The Wall Street Journal. From breaking news to
political analysis, let our fact-based, trusted journalism help you navigate the
local events and their global effects.

View Membership Options


WSJ PROMOTION




SUMMER SALE

Get all sides of the story with The Wall Street Journal. From breaking news to
political analysis, let our fact-based, trusted journalism help you navigate the
local events and their global effects.

View Membership Options


BUSINESS


GREEN STEEL BECOMES A HOT COMMODITY FOR AUTO MAKERS

Car companies are trying to reduce their carbon footprint by developing a more
environmentally friendly manufacturing process.1035 min read


AMAZON’S CONTRACTS WITH WHOLESALERS HURT COMPETITION, D.C. SUIT ALLEGES



Washington’s attorney general added new allegations to a pending antitrust
lawsuit, which Amazon is fighting.2 min read


SPACEX SEEKS NEXT MILESTONE WITH LAUNCH THIS WEEK

Elon Musk’s SpaceX is aiming to cement its position as a leading space
enterprise with a mission this week that seeks to deliver four civilians to
orbit for several days and then return them to Earth.5 min read


FOX ACQUIRES CELEBRITY NEWS SPECIALIST TMZ



The acquisition from AT&T’s WarnerMedia fits Fox’s plans to expand in digital
media and unscripted  content.3 min read


REALTOR GROUP SEEKS TO BLOCK JUSTICE DEPARTMENT INVESTIGATION



The National Association of Realtors filed a petition to block a probe of
industry practices, saying the Justice Department’s withdrawal from an earlier
settlement is a breach of the law.3 min read


MARKETS


INFLATION EXPECTATIONS CONTINUE TO CLIMB, NEW YORK FED SURVEY SHOWS

Respondents see inflation at 5.2% a year from now and 4% in three years.3 min
read




BIDEN WILL NOMINATE ROSTIN BEHNAM AS CFTC CHAIRMAN, WHITE HOUSE SAYS



The president plans to nominate Kristin Johnson and Christy Goldsmith Romero as
commissioners at the derivatives regulator.13 min ago1 min read


BLACKSTONE DROPS $3 BILLION PROPERTY DEAL WITH CHINESE POWER COUPLE

Shares in Chinese commercial-property developer Soho China tumbled 35%, after
the private-equity giant abandoned a takeover in the face of an unexpectedly
long regulatory review.3 min read




U.S.


TROPICAL STORM NICHOLAS TO BRING HEAVY RAIN TO TEXAS, LOUISIANA

The National Hurricane Center warned of flash flooding, and Louisiana’s governor
said the storm could disrupt some power restoration.2 min read


FIRST TRIAL IN VARSITY BLUES CASE GETS UNDER WAY

Opening statements Monday will offer conflicting explanations for payments two
fathers made, and an inside look at the high-pressure admissions race.655 min
read


BIDEN TO CAMPAIGN FOR NEWSOM, VIEW WILDFIRE DAMAGE IN WESTERN SWING



The president is expected to tie extreme weather events to his pitch for
Congress to pass a $1 trillion bipartisan infrastructure package and a separate,
$3.5 trillion proposal that includes climate and antipoverty programs.42 min
ago3 min read


SEX-ABUSE LAWSUIT AGAINST PRINCE ANDREW FACES FIRST COURT TEST



A federal judge is weighing whether Virginia Giuffre’s lawyers have given the
British royal proper notice of the legal accusations.4 min read

◆ WSJ News Exclusive


SENATE REPUBLICANS VOW TO BLOCK TREASURY NOMINATIONS UNTIL NORD STREAM II FIRM
IS SANCTIONED



Sens. Pat Toomey and Ted Cruz said they are prepared to approve the nominations,
including two national security posts that oversee sanctions and counterterror
finance, if the Treasury Department blacklists Russia-owned Nord Stream 2 AG.21
min ago1 min read




LIFE & WORK


TOP TIPS FROM TV’S FUNNIEST COOK, ‘MASTER OF NONE’ CO-STAR ERIC WAREHEIM

With his new cookbook, the comedian and actor is flexing his culinary chops,
serving up sexy leftovers and offering wine pairings, to boot.5 min read


THE CRAZY STORY BEHIND CULT ‘SIMPSONS’ AND ‘BEAVIS AND BUTT-HEAD’ T-SHIRTS



The late actor Stanley DeSantis, who appeared in “The Aviator,” “Entourage” and
“Alf,” also managed to operate a massive business producing memorabilia
T-shirts, many of which are still coveted today.6 min read


TV’S HOME RENOVATION PROS ON THEIR WACKIEST CHILDHOOD DIY PROJECTS

From Nate Berkus to Sabrina Soto, celebrity restoration experts with their own
design shows share the ambitious DIY projects they tackled in their youth.4 min
read

What’s Your Workout?


THIS MILWAUKEE MAN RUNS UP 77 FLIGHTS OF STAIRS AT 4 A.M.

A former endurance athlete no longer has hours to devote to training during the
week. So now he runs up the stairs in his high-rise building.256 min read


VIDEO

Hundreds of iPhones Are in ‘Ted Lasso.’ They’re More Strategic Than You Think.
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HUNDREDS OF IPHONES ARE IN ‘TED LASSO.’ THEY’RE MORE STRATEGIC THAN YOU THINK.

7:06


WHY RIVIAN’S ELECTRIC R1T PICKUP (AND ITS IPO) ARE MAKING WAVES

3:40


9/11 MEMORIALS MARK 20TH ANNIVERSARY OF ATTACKS

5:21





CMO


AMAZON LAUNCHES ITS OWN TVS TO CEMENT ITSELF IN LIVING ROOMS; JPMORGAN TO BUY
THE INFATUATION


TOM BRADY, GISELE BÜNDCHEN TO STAR IN CRYPTO EXCHANGE CAMPAIGN3 MIN READ


STREAMING LOOSENS NIELSEN’S GRIP OVER TV RATINGS8 MIN READ


CIO


IT LEADERS ADJUST HIRING STRATEGIES WITH TECH TALENT EVEN MORE IN DEMAND4 MIN
READ


TARGET CIO MIKE MCNAMARA TO RETIRE NEXT YEAR2 MIN READ


CIOS SAY PC SHIPMENTS ARE DELAYED BY MONTHS3 MIN READ


CFO


BIG BANKS OFTEN LOOK INSIDE WHEN HIRING CFOS3 MIN READ


BIG FOUR FIRMS EY, DELOITTE REPORT HIGHER REVENUE3 MIN READ


ZOOMINFO SIMPLIFIES SHAREHOLDER STRUCTURE TO ATTRACT NEW INVESTORS4 MIN READ


RISK & COMPLIANCE


U.S. TREASURY TO FINISH SANCTIONS POLICY REVIEW THIS FALL4 MIN READ


THE MORNING RISK REPORT1 MIN READ


CREDIT SUISSE NAMES NEW CHIEF COMPLIANCE OFFICER2 MIN READ


LOGISTICS REPORT


ECHO GLOBAL LOGISTICS TO SELL ITSELF TO PRIVATE-EQUITY FIRM IN $1.3 BILLION
DEAL3 MIN READ


PUSH TO LET TEENS DRIVE TRUCKS INTERSTATE DIVIDES INDUSTRY6 MIN READ


U.S. PORTS SEE SHIPPING LOGJAMS LIKELY EXTENDING FAR INTO 20224 MIN READ


BARRON’S


DOW, S&P END 5-DAY LOSING STREAKS, WHILE NASDAQ'S SLIDE CONTINUES4 MIN READ


CHINA HAS ‘TOO MANY’ EV FIRMS. NIO AND TESLA ARE RISING.1 MIN READ


GINKGO BIO, SPACS' NEXT BIG THING, GETS COOL INVESTOR RESPONSE4 MIN READ


MARKETWATCH


YOU CAN CLAIM SPOUSAL SOCIAL SECURITY BENEFITS EVEN IF YOU'RE DIVORCED -- HERE'S
HOW5 MIN READ


BIDEN TO NOMINATE THREE DEMOCRATIC REGULATORS TO SERVE ON CFTC1 MIN READ


HOW THIS WOMAN WENT FROM SIX FIGURES IN DEBT AND UNEMPLOYED TO FINANCIAL
INDEPENDENCE2 MIN READ


MANSION GLOBAL

Independent of The Wall Street Journal newsroom.


FULL 79TH FLOOR OF NEW YORK’S 432 PARK AVENUE LISTS FOR $135 MILLION2 MIN READ


MANSION GLOBAL DAILY: THE PERFECT PALAZZO PRICE POINT, POLO ESTATE IN SYDNEY
COULD BREAK PRICE RECORD, AND MORE3 MIN READ


A MUSEUM-LIKE GLASS NEW-BUILD IN A LEAFY HOUSTON SUBURB3 MIN READ


PENTA


WINSTON CHURCHILL’S 1948 PAINTING ‘THE BRIDGE AT AIX EN PROVENCE’ DEBUTS AT
AUCTION2 MIN READ


SO LONG, STEP-UP RULE?3 MIN READ


20 MINUTES WITH: 1% FOR THE PLANET CEO KATE WILLIAMS6 MIN READ


US
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1D
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DJIA
34869.63
261.91
0.76%
S&P 500
4468.73
10.15
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15105.58
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2240.78
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OPINION


JOE BIDEN’S PRESIDENCY IS INCREDIBLE—NO, REALLY

By Gerard Baker | Free Expression


COVID CONFUSION AT THE CDC

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IS DONALD TRUMP FINISHED?

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