- Healthcare showdown (Reuters)
- Tax Overhaul in Doubt With House Stuck on Budget Disagreements (BBG)
- Dollar steadies after Fed skid, shares hit new highs (Reuters)
- Samsung Is Closing In on Apple as World’s Most Profitable Tech Firm (WSJ)
- Sweden's PM Refuses to Resign After Cyber-Security Scandal (BBG)
- In Trump-Sessions Impasse, Aides Urge President to Back Off (WSJ)
- Scaramucci Says He’ll Contact FBI Over ‘Leak’ of Financial Data (BBG)
- U.S. lawmakers reach deal for Senate Russia sanctions vote (Reuters)
- AstraZeneca shares drop most on record after big drug trial setback (FT)
- Macron Taps a Decade of Italian Anger Since Zidane Headbutt (BBG)
- Verizon’s All-You-Can-Eat Data Plans Win Users, Lift Profit (BBG)
- Libor Interest Rate Benchmark to Be Phased Out in 2021 (BBG)
- Treasury Market's Big Short Bet Foiled by Fed Policy Statement (BBG)
- Why You’re Not Getting a Raise (BBG)
- Secretary of State Tillerson says he is 'not going anywhere' (Reuters)
- Wall Street Needs You to Borrow Against Your Stock (WSJ)
- Here Come the Tesla Model 3s... and a Few Surprises (BBG)
- Nestle Outlook for Weakest Sales in 20 Years Gives Loeb Ammo (BBG)
- Deutsche Bank expects lower 2017 revenue after mixed second quarter (Reuters)
- Energy Capital Is Said to Hold Advanced Talks to Buy Calpine (BBG)
- Ukraine president strips one-time ally Saakashvili of citizenship (Reuters)
- Etihad Posts $1.87 Billion Loss in Worst Blow for Gulf Carriers (BBG)
- China reviewing copper scrap imports; may call halt in 2018 (Reuters)
- U.S. indicts suspected Russian 'mastermind' of $4 billion bitcoin laundering scheme (Reuters)
Overnight Media Digest
WSJ
- Senate GOP leaders picked up support Wednesday for their plan to pass a scaled-back bill to repeal a handful of elements in the current health law, and then open negotiations with House Republicans to try to bring together their two very different bills. on.wsj.com/2uEqZ9s
- Foxconn, the maker of iPhones and other gadgets for Apple Inc, plans to build a plant in Wisconsin that a White House official said will initially bring 3,000 jobs to the state. on.wsj.com/2uEifjp
- The U.S. Federal Reserve signaled Wednesday it is ready as soon as September to start slowly shrinking its holdings of more than $4 trillion in bonds it bought to try to buoy the economy. on.wsj.com/2uDEtSJ
- Viacom Inc is out of the running to acquire Scripps Networks Interactive, leaving Discovery Communications Inc as the only remaining suitor in talks to purchase the cable TV programmer, people familiar with the situation said. on.wsj.com/2uDZxbP
- Amazon.com is launching in Singapore with a twist: It is targeting loyal, time-strapped shoppers by starting with its more limited one- and two-hour subscription delivery option. on.wsj.com/2uErWyn
- A bankruptcy judge will consider approval of Berkshire Hathaway Energy Co's proposed takeover of Oncor Electric Delivery on Aug. 21. Paul Singer's Elliott Management had sought a later date for more time to raise financing for its rival proposal. on.wsj.com/2uEpkkc
FT
Britain's home secretary, Amber Rudd, promised business on Thursday that she would not close the door to European workers after Brexit, in a significant softening of the government’s tone on EU migration.
German insurer Allianz SE has reported a 23 percent jump in second-quarter profits and says that its full-year numbers will be towards the top end of its target range.
Artemis, the holding company of France's Pinault family, has sold its stake in French retailer Fnac Darty SA to Germany's Ceconomy, which is seeking to consolidate European electronics sellers to compete against Amazon.
Cerberus, the U.S. private equity group, has bought a 675 million euro stake in Commerzbank AG, which makes it the third-largest shareholder in the German lender and sets up a potential clash with the government in Berlin
NYT
- The former head of labor relations at Fiat Chrysler Automobiles was indicted on conspiracy and other charges by a federal grand jury on Wednesday, accusing him of siphoning off millions of dollars from a workers training center. nyti.ms/2uDQebD
- A jury in Los Angeles on Wednesday awarded Quincy Jones $9.4 million damages, finding that he was underpaid his share of royalties for the use of music in the posthumous Jackson film "This Is It" and two Cirque du Soleil shows. nyti.ms/2uEfaQq
-A Russian man, Alexander Vinnik, was arrested in Greece on Tuesday after being charged for overseeing a black market Bitcoin exchange that helped launder billions of dollars and stood at the nexus of several criminal enterprises, according to a federal indictment. nyti.ms/2v9VHdk
- The Fed, in a statement after a two-day meeting of its policy-making committee, said it would start reducing its bond holdings "relatively soon" as long as moderate economic growth continues. nyti.ms/2v9HbCr
- Britain announced on Wednesday that sales of new diesel and gas cars would reach the end of the road by 2040, the latest step in Europe's battle against the damaging environmental impact of the internal combustion engine. nyti.ms/2uDS7Fw
Canada
The Globe and Mail
** The Supreme Court of Canada affirmed on Wednesday that Indigenous people do not have a veto over resource projects affecting their traditional territory, even as it quashed a regulatory permit for an oil-exploration program that Inuit residents of Baffin Island feared would damage their hunting rights. tgam.ca/2v0o0dW
** Canada is reviewing the U.S. administration's decision to sanction 13 current and former Venezuelan government officials ahead of a controversial election on Sunday that could turn Venezuela into a dictatorship. Foreign Affairs Minister Chrystia Freeland welcomed the United States sanctions, but did not say if Canada will follow suit. tgam.ca/2v0476U
** Suncor Energy Inc is battling higher costs at its Syncrude oil sands project and said it would take longer than expected to restore production at the problem-plagued operation after a fire tore through the facility earlier this year. tgam.ca/2v0tF3x
National Post
** Canada Mortgage and Housing Corp continues to give the national housing market its worst possible rating, saying there still is "strong evidence of problematic conditions"— an assessment first made three quarters ago. bit.ly/2ePpz8g
** The chief executive of U.K.-based Finastra, which absorbed Toronto-based DH Corp last month, said Canada would continue to be an "incredibly crucial part of our ecosystem going forward" and that it intended to expand its capabilities on this side of the pond. CEO Nadeem Syed also said Canada represents upwards of 20 percent of Finastra's overall revenues — just behind the United States. bit.ly/2u1bBSo
Britain
The Times
Royal Bank of Scotland Group Plc has agreed a deal with Brussels that will finally allow the lender to call off its sale of the Williams & Glyn business. bit.ly/2tZWSr1
GlaxoSmithKline Plc will cull more than 30 development programmes and aim for 1 billion pounds ($1.31 billion) of extra annual savings in a shake-up under its new boss. bit.ly/2uDHToE
The Guardian
Britain's car industry has warned that the government's proposed ban on sales of new petrol and diesel cars by 2040 risks damaging the industry and stalling sales of new cars. bit.ly/2tEAPXf
A regulatory regime intended to crack down on the behaviour of bank bosses is to be extended to 47,000 firms including dentists, gyms and tool hire companies that offer credit to customers. bit.ly/2eP5Aq4
The Telegraph
Lloyds Banking Group Plc has set aside 300 million pounds to repay 600,000 customers for mortgage arrears errors that took place over a seven-year period, sources said. bit.ly/2v9r9bE
BT Group Plc has landed a blow against attempts to boost competition in the market for heavy-duty broadband lines for businesses, threatening access to the "dark fibre" that rivals say will be crucial to 5G mobile connectivity. bit.ly/2eOYGBb
Sky News
The government will stop charging employment tribunal fees and refund those who have already paid them - after the Supreme Court found they were unlawful. bit.ly/2uDbs9D
JPMorgan Chase & Co is drawing up plans to merge its UK-based private banking arm into its wider European wealth operation ahead of the UK's departure from the European Union. bit.ly/2ePFa7M
The Independent
The Royal Institution of Chartered Surveyors found that nearly half of construction workers predict the gender pay gap will be less than 15 percent by April 2018. It is currently 18.1 percent. ind.pn/2tZQ10O