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Global Breach: Microsoft Server Software Comes Under Widespread Cyberattack (Bloomberg)
Microsoft Corp.'s server software was exploited by unidentified hackers, with analysts warning of widespread cybersecurity breaches across the globe.
The vulnerability allowed hackers to access file systems and internal configurations, as well as execute code, according to the US Cybersecurity and Infrastructure Security Agency.
Silas Cutler, a researcher at Censys, said "It's a dream for ransomware operators, and a lot of attackers are going to be working this weekend as well," regarding the breach.
New This Morning: Donald Trump’s Tariff Dealmaker-in-Chief (New Yorker)
As featured in this morning's Axios AM, in a 10-page profile of Commerce Secretary Howard Lutnick out this morning, The New Yorker reports that he and President Trump "speak on the phone most nights, at around one in the morning, just after Lutnick gets in bed."
In a passage about staffing the new administration, Lutnick, who was co-chair of the transition and sat at Trump's side during the Cabinet-picking at Mar-a-Lago, says: "President Trump makes decisions by orchestra ... And I would say I'm the first violin."
'He's A Lot of Fun to Be With': Inside the Long Friendship Between Trump and Epstein (New York Times)
For nearly 15 years, the two men socialized together in Manhattan and Palm Beach, Fla., before a falling out that preceded Epstein’s first arrest.
Trump and Epstein appear to have met around 1990, when Epstein bought a property two miles north of Mar-a-Lago and set about staking a claim in Palm Beach’s moneyed, salt-air social scene. Trump, who had purchased Mar-a-Lago five years earlier, had already established his own brash presence in the seaside enclave as a playboy with a taste for gold-leaf finery.
Tying Trump to Epstein: An Accuser’s Story Suggests How Trump Might Appear in the Epstein Files (New York Times)
A former Jeffrey Epstein employee said that she told the F.B.I. in 1996 and 2006 about what she considered a troubling encounter with Donald J. Trump.
Mass Exodus: The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing. (Wall Street Journal)
“Beset by high public debt and crumbling infrastructure, the U.K. hoped eliminating non-doms would bring in about $45 billion by 2030. But instead of paying up, wealthy expats are rushing for the exits, sparking questions about whether the effort will raise any money at all.
The British experiment has laid bare the fraught politics of taxing the rich. Taxes on high earners have become a rallying cry on the left as a solution to income inequality and fraying social-safety nets. Low tax advocates say they are counterproductive, sending away job creators and big spenders.
In the U.S., New York City Democratic mayoral nominee Zohran Mamdani has proposed a "millionaires tax" on New Yorkers making more than $1 million a year, prompting vocal rich people to say they will leave for lower-tax jurisdictions such as Florida or Texas.
The challenge of taxing rich people is that they are highly mobile, with houses around the world, private jets and an army of advisers who can sort out visas and bureaucratic paperwork quickly.”
Japan Election Results: Japan’s Ishiba Tries to Buy Time After Historic Election Setback (Bloomberg)
The ruling Liberal Democratic Party along with longtime partner Komeito lost its majority in the chamber, public broadcaster NHK reported, saying the bloc failed to win the 50 seats it needed to maintain control. That marks the first time since 1955 that a leader from the storied Japanese party will govern the country without a majority in at least one of the legislative bodies.
Coup Attempt Trial Moving Forward: Brazil’s Top Court Defies Trump, Signals No Retreat on Bolsonaro (Bloomberg)
Brazil's willingness to see former president Jair Bolsonaro's trial through to the end signals turbulence ahead between Latin America’s economic and political heavyweight helmed by a seasoned leftist leader and an unapologetically mercantilist US under a president who is now largely unfettered by legal constraints.
Riding The Trump Volatility Wave: How Tariff-fueled Market Downturns Made Wall Street Rich (Axios)
The record quarter offers a lesson for investors about not fearing market down days, which are frequently close in proximity to the best market days as well. Goldman's equity trading desk, for example, generated $4.3 billion in revenue, a 36% jump from a year prior. That beat the street's expectations by over $600 million.
Kiss Cam Update: Astronomer CEO Resigns After Being Caught on Coldplay Kiss Cam (Bloomberg)
Astronomer CEO Andy Byron resigned from the company after video of him cuddling with chief people officer Kristin Cabot at a Coldplay concert went viral.
Picking Up the Baton from Samsung: The First Foldable iPhone Will Arrive Next Year in Un-Apple-Like Fashion (Bloomberg)
When the company introduces its first foldable iPhone at the end of next year, it will be entering a product category that’s already seven years old — pioneered and dominated by its biggest hardware rival, Samsung Electronics Co. And this time, Apple won’t be debuting a radically new interface or transformative hardware.
The Right Stuff: Scottie Scheffler Wins Open Championship for Third Leg of Career Grand Slam (ESPN)
The world No. 1 finished the tournament with a final-round 68 to end 17-under-par, winning by four shots. Only Tiger Woods, Jack Nicklaus and Gary Player have won the Open, Masters and PGA Championship before age 30. On Sunday, Scheffler joined them.
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Must-See Exhibit in DC: The Art World Loves Baltimore Artists. This Free D.C. Exhibit Shows Why. (Baltimore Banner)
Lately, the art world is recognizing what many Baltimoreans have known for a long time: This city produces remarkable artists. Just this year, Baltimore artists have had major exhibitions at the TENT museum in Rotterdam and at Boston’s LaiSun Keane gallery.
“Strong, Bright, Useful & True” is the latest must-see exhibition, now on view at the Johns Hopkins University Bloomberg Center’s Irene and Richard Frary Gallery in Washington, DC. The collection, which you can see for free through September 6, is a treasure trove of works created by some of Baltimore’s finest artists, from Joyce J. Scott and Derrick Adams to Soledad Salamé and René Treviño.
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