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Tariffs/TradeIMPORTANT

After Trump’s Supreme Court tariff defeat, administration officials are devising legal strategies that would let the president keep some — or maybe even most — of the revenue, five people familiar with the conversations told POLITICO.

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Today's market highlights

A selection of stories drawing attention in the market.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)