From Reuters.

1. U.S. President Donald Trump launched his global tariff assault into overdrive on Wednesday, announcing a new 50% tariff on U.S. copper imports and a 50% duty on goods from Brazil, both to start on August 1.

2. OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar with the matter told Reuters.

3. Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street’s most-favored stocks.

4. Officials in flood-stricken central Texas on Wednesday again deflected mounting questions about whether they could have done more to warn people ahead of devastating flash flooding that killed at least 119 people on July 4.

5. Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a "fortress Russia" economic model during the war in Ukraine, research showed on Wednesday.

#Tariffs #Copper #Brazil #Trade
#OpenAI #WebBrowser #Technology #Competition
#Nvidia #Market #WallStreet #Milestone
#Flooding #Texas #Disaster #Warning
#Russia #Assets #Economy #Ukraine
#News #Reuters #Newsfeed

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