This AP News briefing covers fresh economic data showing inflation slowed to 3.4% while Q2 GDP grew 2.2%, driven by strong consumer spending and AI investment. Markets reacted to rising bond yields, with the S&P 500 and Dow falling. The report also details a violent incident where a co-pilot stabbed a captain on a Dubai-to-Tel Aviv flight, forcing an emergency landing in Saudi Arabia. Additionally, Defense Secretary Pete Hegseth announced a 20% reduction in military generals and admirals, and police reported a workplace shooting in Northern Virginia that killed two employees.