AP Business Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

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UPCOMING

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TRUMP-HHS

DESCRIPTION: President Donald Trump is set to deliver remarks on Making Health Technology Great Again.

UPCOMING: By 07/30/2025 1:00 p.m. EDT, LiveVideo, Photo, Text, Video

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FEDERAL RESERVE

DESCRIPTION: The Federal Reserve wraps up its two-day policy meeting Wednesday. Despite increased public pressure from President Donald Trump to cut rates, most economists expect the U.S. central bank to leave its benchmark borrowing rate unchanged for the fifth straight time. Fed officials have cited uncertainty related to Trump administration policies, particularly tariffs, for leaving its rate unchanged this year. By Christopher Rugaber. UPCOMING: Fed policy statement and projections at 2 p.m., followed by Powell presser at 2:30 p.m.

UPCOMING: By 07/30/2025 2:00 p.m. EDT, LiveVideo, Photo, Text, Video

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AFGHANISTAN QATAR WORKERS

DESCRIPTION: The Taliban say a new labor export program to Qatar will ease unemployment at home. Registration opened on Tuesday for 2,000 skilled Afghan professionals in areas such as hospitality and engineering to go to Qatar.

SENT: By 07/30/2025 2:00 p.m. EDT, Text, Video

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META-RESULTS

DESCRIPTION: Social media giant Meta Platforms is scheduled to announce its results for the second quarter of 2025 after the market closes on July 30

UPCOMING: By 07/30/2025 4:40 p.m. EDT, Text

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MICROSOFT-RESULTS

DESCRIPTION: Microsoft reports earnings for its fourth fiscal quarter Wednesday after announcing about 15,000 layoffs this year.

UPCOMING: By 07/30/2025 4:40 p.m. EDT, Text

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JAPAN-ECONOMY

DESCRIPTION: The Bank of Japan wraps up a monetary policy meeting as it struggles to balance a need to counter inflation with threats to the economy from President Donald Trump's higher tariffs.

ON MERITS: By 07/30/2025 11:00 p.m. EDT, Photo, Text

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NEW AND DEVELOPING

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AF--LESOTHO-TRUMP TARIFFS

As Trump's tariff deadline looms, a clothing factory in the tiny African nation of Lesotho goes dark

WORDS: 1341 - MOVED: 07/30/2025 10:27 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:ea9754135855675400b76c8ce13dde04&mediaType=text

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US--NANTUCKET-WIND-TURBINE-DAMAGED

Nantucket officials accuse offshore wind developer of going into hiding since Trump's election

SUMMARY: Nantucket town officials have accused the developer of the nation's first utility-scale offshore wind project of not responding to their safety queries since President Donald Trump's election and a massive blade failure last year. Nantucket's select board is giving Vineyard Wind two weeks to respond to a list of demands that includes deadline requirements for notifying town officials about emergencies. Fiberglass fragments of the blade that broke apart off Nantucket began washing ashore last summer during the peak of tourist season. Board member Brooke Mohr suggests the Trump administration's skepticism toward offshore wind projects is to blame for what Mohr says is Vineyard Wind's lack of communication.

WORDS: 575 - MOVED: 07/30/2025 10:27 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:f850bb9173b47d592179a45e34404c95&mediaType=text

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US--AIRCRAFT DOWN-INVESTIGATION

NTSB opens hearings on deadly Washington collision between a helicopter and passenger plane

SUMMARY: The National Transportation Safety Board has started investigative hearings on the deadly midair collision over Washington in January. The crash involved a passenger plane and an Army helicopter, killing 67 people. The hearings aim to explore how the actions of the Federal Aviation Administration and the Army may have contributed to the crash. Investigations have already revealed issues like the FAA's failure to recognize near misses and the Army's helicopters flying without key locating equipment. U.S. Sen. Ted Cruz has proposed legislation to require all aircraft operators to use comprehensive location technology to prevent future incidents.

WORDS: 935 - MOVED: 07/30/2025 10:20 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:40f94a495e2e60b9adc5b9a49cce6437&mediaType=text

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FINANCIAL-MARKETS

US stock market holds steady ahead of a Federal Reserve decision on interest rates

SUMMARY: U.S. stock indexes are drifting as Wall Street waits to hear from the Federal Reserve later in the afternoon about what it will do with interest rates. The S&P 500 edged up by 0.1% Wednesday, coming off its first loss after setting all-time highs for six successive days. The Dow Jones Industrial Average was flat, and the Nasdaq composite rose 0.2%. The bond market saw some more action, where Treasury yields rose after a report suggested the U.S. economy's growth was much stronger during the spring than economists expected. Wall Street's expectation is for the Federal Reserve to stand pat again on interest rates.

WORDS: 672 - MOVED: 07/30/2025 10:19 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:981939622d302282d725f6a5b32ca398&mediaType=text

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US--PALO ALTO-CYBERARK

Palo Alto Networks buying CyberArk in cash-and-stock deal valued at about $25 billion

SUMMARY: Cybersecurity company Palo Alto Networks is buying CyberArk in a cash-and-stock deal valued at approximately $25 billion. CyberArk, which is based in Petach-Tikva, Israel, is a maker of software that detects attacks on privileged accounts. CyberArk shareholders will receive $45 in cash and 2.2005 shares of Palo Alto Networks common stock for each share of CyberArk that they own. The boards of both Palo Alto Networks and CyberArk have unanimously approved the deal, which is expected to close during the second half of Palo Alto Networks' fiscal 2026. The transaction still needs approval from CyberArk shareholders.

WORDS: 309 - MOVED: 07/30/2025 10:19 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:fa24823831e0575ff611e695980c7714&mediaType=text

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HKN--SABRES-ARENA NAMING RIGHTS

Buffalo Sabres home arena to remain KeyBank Center after reaching 10-year naming rights extension

SUMMARY: The Buffalo Sabres' home arena will continue being called the KeyBank Center after the two sides announced a 10-year naming rights extension. The new deal will kick in next year and run through 2035-36. The Cleveland-based bank has a large regional presence in Buffalo, and took over the downtown arena's naming rights after acquiring First Niagara Bank in 2016. The arena is undergoing a series of long-needed renovations since first opening in 1996. Last year, the Sabres replaced the roof and installed a new video scoreboard over center ice. The next series of renovations are expected to address upgrading the seats and fan amenities.

WORDS: 243 - MOVED: 07/30/2025 10:14 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:d4345c24299c117ed5422c5795b5bada&mediaType=text

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US--NEBRASKA EXPLOSION

Fire is still raging at a Nebraska biofuels plant where explosion left 3 missing

SUMMARY: Firefighters are still battling a blaze at a Nebraska biofuels plant after an explosion and haven't been able to get inside to search for three missing people. Fremont Mayor Joey Spellerberg says the fire at Horizon Biofuels has been burning since Tuesday. Firefighters have struggled to get close due to heavy smoke and flames. The explosion damaged the facility's tower, leaving debris scattered. The plant produces animal bedding and wood pellets. Fremont Fire Chief Todd Bernt says the facility stores wood and alcohol-based materials. Fremont is a city of about 27,000 people, northwest of Omaha.

WORDS: 426 - MOVED: 07/30/2025 10:07 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:f6019cc7d3e35d62548dd31529cb010f&mediaType=text

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US--TRUMP-TARIFFS

Trump announces 25% tariff on India and unspecified penalties for buying Russian oil

SUMMARY: President Donald Trump says he'll impose a 25% tariff on goods from India, plus an additional import tax because of India's purchasing of Russian oil. Trump said Wednesday that India "is our friend" but its "Tariffs are far too high" on U.S. goods. The Republican president adds India buys military equipment and oil from Russia, enabling Moscow's war in Ukraine. As a result, Trump intends to charge an additional "penalty" starting Friday as part of the launch of his administration's revised tariffs on multiple countries. The director general of the Federation of Indian Export Organisations says new tariffs could put India at a disadvantage relative to Vietnam, Bangladesh and China.

WORDS: 733 - MOVED: 07/30/2025 9:59 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:9e388a55583e7007149819c52f0fd71b&mediaType=text

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ECONOMY-GDP

US economy bounds back, expanding 3% in second quarter, but headline growth number masks weaknesses

SUMMARY: The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions arising from President Donald Trump's trade wars. The Commerce Department reported Wednesday that America gross domestic product -- the nation's output of goods and services -- rebounded after falling at a 0.5% clip from January through March. The first-quarter drop was mainly caused by a surge in imports -- which are subtracted from GDP -- as businesses scrambled to bring in foreign goods ahead of Trump's tariffs. Economists had expected 2% second-quarter growth.

WORDS: 575 - MOVED: 07/30/2025 9:53 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:629549a1e77e6f1823adbcd5ccf78941&mediaType=text

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US--BEHIND THE WHEEL: ADX VS X1

Edmunds small luxury SUV test: 2025 Acura ADX vs 2025 BMW X1

SUMMARY: Acura's ADX is all-new for 2025, and it's the automaker's smallest and least expensive crossover SUV. The BMW X1, meanwhile, is a longstanding competitor in the class and is also the German carmaker's entry-level SUV. These two SUVs each offer seating for five, city-friendly dimensions and similar fuel economy. But they differ in price, features and driving dynamics. Edmunds' team of experts tested them to find out which pint-size SUV is the better fit for you.

WORDS: 844 - MOVED: 07/30/2025 9:42 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:22254b99f168883e30a351e8f0d74eac&mediaType=text

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US--BOOKS-FETTERMAN

Sen. John Fetterman releases memoir 'Unfettered' this fall, looking at political and health battles

SUMMARY: Sen. John Fetterman's publisher has announced the release of his memoir, "Unfettered," set for Nov. 11. Penguin Random House imprint Crown shared the news on Wednesday. The book covers Fetterman's journey from being the mayor of Braddock, Pennsylvania, to becoming a national figure. The book also delves into Fetterman's political battles and his physical and mental health challenges, including a stroke in 2022. Fetterman is known for his unique style and imposing height. The Democratic senator collaborated with Buzz Bissinger of "Friday Night Lights" fame on the memoir, which promises an honest look at his life and career.

WORDS: 236 - MOVED: 07/30/2025 9:00 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:5f96e50ae5d91613d1287a649d907224&mediaType=text

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EU--TURKEY-SYRIA-ENERGY

Turkey to supply natural gas from Azerbaijan to Syria

WORDS: 176 - MOVED: 07/30/2025 8:58 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:760c328b2c5b9603cc7607336864d4af&mediaType=text

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AS-JAPAN-EARNS-PANASONIC

Japan's Panasonic announces a new chief at its group company as its profits barely hold up

WORDS: 339 - MOVED: 07/30/2025 8:02 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:1e32c8948668655240fb269c8cee4920&mediaType=text

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US--CONGRESS-TRUMP BILL-IMPACT

Medicaid was signed into law 60 years ago. Trump's big bill is chiseling it back

SUMMARY: This summer, President Donald Trump has begun to chisel back Medicaid and food stamps. On a July day in 1965, President Lyndon B. Johnson signed legislation into law that launched Medicaid, creating a health care safety net for millions of low-income Americans in one of the crowning achievements of his legacy. A year earlier, Johnson did the same for food stamps. But the Republican Party's recent tax and spending bill delivered not just $4.5 trillion in tax breaks but some of the most substantial changes to the landmark safety net programs in their history. Democrats say Republicans are ripping "food out of the mouths of children." Local governments are scrambling to respond.

WORDS: 1111 - MOVED: 07/30/2025 7:53 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:ed0d2c7c20b43c54265dbc9cb215b647&mediaType=text

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US--TRUMP-TRADE DEALS

Trump's latest tariff deadline is approaching. Here are the trade deals the US has announced so far

SUMMARY: The clock is ticking closer to U.S. President Donald Trump's latest tariff deadline of Aug 1. And while several more deals -- or at least frameworks for deals -- have been reached since his last tariff deadline of July 9 came and went, trade talks with many countries are still in flux. Trump unveiled sweeping import taxes on goods coming into the U.S. from nearly every country back in April. That included heightened so-called reciprocal rates for certain countries, the bulk of which have since been postponed twice. And by early July, Trump began sending warning letters that higher tariff rates would be imposed against dozens of countries on Aug. 1.

WORDS: 1200 - MOVED: 07/30/2025 7:12 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:d8ffef07d944dc1d460b472e4ffd2f57&mediaType=text

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EU--EUROPE-ECONOMY

European economy sees growth of only 0.1% as scramble to get ahead of US tariffs goes into reverse

SUMMARY: Europe's economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse and the continent's biggest economy, Germany, shrank. And prospects are mediocre for the coming months given new U.S. tariffs on goods imported from Europe. Gross domestic product grew an anemic 0.1% compared to the previous quarter in the 20 countries that use the euro currency, EU statistics agency Eurostat reported Wednesday.

WORDS: 445 - MOVED: 07/30/2025 6:59 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:a204f6fb502c58a3a9a8e1d29030b51b&mediaType=text

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AS--AUSTRALIA-SOCIAL-MEDIA

Australia bans YouTube accounts for children under 16 in reversal of previous stance

SUMMARY: The Australian government has announced YouTube will be required to ensure account holders are at least 16 years old starting in December. The decision reverses an earlier exemption for the video-sharing service. Communications Minister Anika Wells on Wednesday released rules defining "age-restricted social media platforms." Platforms like Facebook and TikTok also will need to comply or face fines. Wells defended the move, citing research that many Australian children report harm on YouTube. Children can still access YouTube but cannot have accounts. YouTube expressed disappointment, stating it is not social media. Prime Minister Anthony Albanese plans to seek international support for similar bans.

WORDS: 567 - MOVED: 07/30/2025 6:58 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:ec8bf630efca439eb4003fa745615a68&mediaType=text

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US--SHOOTING-NEW YORK CITY-SUSPECT

Questions emerge about NYC gunman's mental health and his security-sensitive job in Las Vegas

SUMMARY: The gunman in the deadly shooting at a New York City office tower had a background in casino surveillance and once held a private security guard license. Authorities say 27-year-old Shane Tamura drove from Las Vegas to New York to carry out the attack on Monday. They say he was targeting the NFL headquarters but took the wrong elevator. Tamura killed four people then took his own life. He left a note blaming the NFL for brain injuries linked to contact sports. He claimed to have chronic traumatic encephalopathy. Police are investigating his mental health history and how he acquired firearms used in the attack.

WORDS: 844 - MOVED: 07/30/2025 6:40 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:e29ddf0c86c85406f48bd9fc0ef73c87&mediaType=text

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AS--JAPAN-EARNS-NISSAN

Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year

WORDS: 336 - MOVED: 07/30/2025 6:09 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:976b1d0e74dde5faf347045df7f329d2&mediaType=text

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CHINA-ECONOMY

China promises to help companies slammed by tariffs, as talks with the US left in limbo

SUMMARY: China's top leaders have pledged to help companies slammed by higher U.S. tariffs but held back on major moves after trade talks with the U.S. this week left businesses in limbo. At their summer economic planning meeting, the powerful Politburo pledged to stabilize foreign trade and investment. But the inconclusive outcome of two days of trade talks in Stockholm, Sweden, left open the question of higher tariffs on Chinese exports to the United States. Chinese Vice Premier He Lifeng said the two sides had agreed to work on extending a deadline for higher tariffs. The U.S. side said the extension was discussed, but not decided and tariffs could boomerang back to a higher level.

WORDS: 661 - MOVED: 07/30/2025 6:01 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:5a2debf89f0f530f80b0a956800d2576&mediaType=text

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