About this episode
Samsung posted a 19-fold jump in quarterly revenue overnight, but shares fell 10% as investors weigh whether the AI trade is shifting from scarcity to abundance. U.S. services activity cooled slightly but remained in expansion territory. And U.S. President Donald Trump travels to Ankara for a NATO summit, where European defense spending pledges and the U.S. troop presence in Europe are expected to be in focus.
Today’s recommended read: OPEC is likely loser in Gulf’s post-war race for market share, Ron Bousso
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Read more from Amanda Cooper and Anna Szymanski
Produced by Eliza Davis Beard and Abisoye Adelusi
Sound engineering and music by Sebastian and Josh Sommer
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