Trump tax cut impacts ...Middle East

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Welcome to The Hill’s Business & Economy newsletter, I'm Aris Folley — covering the intersection of Wall Street and Pennsylvania Avenue.

Essential Reads 

Target CEO Brian Cornell said on Wednesday that hiking prices on customers due to President Trump’s tariff agenda would be the retail giant’s “very last resort.” 

Tucker Carlson on Trump Organization Middle East deals: ‘Seems like corruption’

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The heads of the largest airlines in the country penned an open letter Wednesday calling on Congress to fund a major modernization of the U.S.’s antiquated air traffic control system that has contributed to heightened safety concerns and rampant airport delays.

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After meeting at the White House Speaker Johnson vows to push ahead on Trump’s big bill

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Good to Know 

Dow tumbles more than 700 points as Treasury yields continue to push higher (CNBC) US and China are already feuding again after unexpected trade truce (CNN) Trump drafts America’s business titans to burnish his image at home and abroad (The Associated Press)  

Judge scolds DOJ in dismissing ICE facility trespassing charge against Newark mayor

Speaker Mike Johnson (R-La.) and the White House are betting that the bill full of President Trump’s priorities is so big — and so “beautiful,” at least in the eyes of the president — that it cannot fail. Read more

     

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