Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says

The firm said its estimate of additional expenses for companies is probably conservative.
Regional banks and Jefferies shares tank as concerns grow on Wall Street about sour loans

Fears are mounting around the health of their lending businesses.
Gold stocks look way stretched following a parabolic run. But Josh Brown sees one that can be bought

Josh and Sean uncovered one gold-related stock still worth owning.
Genentech to sell flu pill directly to some consumers at a discount as Trump pressures drugmakers

The program will sell Xofluza through three pharmacies with a $50 cash pay option, which is 70% lower than the pill’s current list price before insurance.
Feds to seek indictment against former Trump advisor John Bolton on Thursday: reports

FBI agents on Aug. 22 raided John Bolton’s Maryland home and office in Washington, D.C. as part of a criminal investigation.
Stocks making the biggest moves midday: Snap-on, Triumph Financial, Micron & more

These are the stocks posting the largest moves midday.
Trump says he’s having ‘lengthy’ phone call with Putin

President Donald Trump this week said that he is considering sending Tomahawk missiles to Ukraine to ratchet up pressure on Russia to end the war.
Spotify moves further into AI music with Sony, Universal, Warner partnership

The partnership comes less than a month after Spotify said it cracked down on AI-generated music.
China accuses U.S. of deliberately causing panic over rare earth controls, says it is open to talks

Beijing last week announced sweeping controls on rare earths ahead of an expected meeting between President Donald Trump and President Xi Jinping.
Bank of America, BNY sued over alleged financial ties to Jeffrey Epstein

A woman who says she was abused by the late financier and sex offender Jeffrey Epstein sued Bank of America and the Bank of New York Mellon.