Walmart heir Lukas Walton buys minority stake in the Chicago Bulls and United Center

Lukas Walton is the 39-year-old grandson of Walmart founder Sam Walton. He and Samantha Walton are residents of Chicago.
Trump threatens 100% tariff on countries putting ‘Digital Services Tax on American Companies’

“This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not,” Trump wrote in a Truth Social post.
Stocks making the biggest moves midday: Moderna, ON Semiconductor, Rocket Lab, Eli Lilly, Sandisk & more

Here are the companies making headlines in midday trading.
OpenAI hasn’t held pre-IPO investor meetings or set timeline yet, sources say

OpenAI said it confidentially filed its prospectus with the SEC earlier this month, but noted it “may be a while” before it goes public.
Trump says Iran violated ceasefire with drone attacks on Strait of Hormuz ships

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Jeremy Grantham says this is ‘the most expensive market in ‘American history’

Jeremy Grantham says soaring valuations around AI makes the U.S. stock market historically expensive.
Ex-Trump advisor John Bolton pleads guilty to retaining national defense information

John Bolton is one of several foes of President Donald Trump who has been indicted since Trump regained the White House.
Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4%

President Donald Trump’s economic advisers are giving Warsh space as the new Fed chairman on interest rates as the president repeats calls to cut.
Another DeepSeek moment? What’s really behind the tech sell-off

Another Chinese model looks nearly as good as Anthropic for a fraction of the price, analysts say
The brands winning with World Cup advertising may not be the sponsors

The World Cup winners and losers in advertising may be indicative of a broader trend of how people are responding to authentic branding.