Press Digest - Wall Street Journal - July 29
SPY•Iran missile attack on U.S. forces in Jordan
- Iran launched a surprise ballistic-missile attack on American forces in Jordan, with all missiles successfully intercepted, according to the U.S. military.
Meta's Zuckerberg backs faster AI development
- Meta CEO Mark Zuckerberg said the U.S. should accelerate AI development and not restrict it, citing historical analogues, recent jobs data and his own personal use of AI for parenting and fitness as informing his positive outlook on the technology.
Senate confirms Jay Clayton as intelligence chief
- The U.S. Senate confirmed Jay Clayton as the director of national intelligence in a 51 to 47 vote, after acting director Bill Pulte cut its staff by around 30%.
FTC probes Shein, Trump administration plans Medicare subsidy end, Visa cuts jobs
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The Federal Trade Commission is investigating the U.S. business operations of fast-fashion retailer Shein, with the latter disclosing the probe in a filing for its planned initial public offering in Hong Kong.
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The Trump administration plans to end a subsidy program after 2026 that helped hold down premiums for Medicare Part D prescription drug plans, amidst growing expenses for GLP-1 medications, specialty drugs and Inflation Reduction Act changes.
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Visa cut 2,600 jobs, or about 7% of its workforce, with most of the roles affected being in technology and product teams.
