Bond Yields Around the World Soar
Summary
WSJ’s What’s News covers escalating US-Iran tensions driving oil prices and bond yields to multi-year highs, alongside major US banks launching stablecoins despite past opposition. OpenAI counters Apple’s trade secret lawsuit, while Germany accuses Russia of drone attacks. In Washington, Congress passes a spending bill to avoid a shutdown, and Paramount pledges 30 annual films to secure its Warner Bros. merger.
Topics discussed
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Intro: US-Iran tensions and bond yields
OpenAI counters Apple's trade secret lawsuit
Major banks launch stablecoins with Gina Hebe
Germany blames Russia for drone attack
Middle East strikes drive up oil and bond yields
Stock market reaction to bond sell-off
US government spending bill and GOP convention
Paramount-Warner Bros merger and movie output
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