Press Digest: Wall Street Journal - July 29

Visa

29/07/2026 06:11

July 29 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
     
- Iran launched a surprise ballistic-missile attack on American forces in Jordan, with all missiles successfully intercepted, according to the U.S. military.
- 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%.
- Meta META.O 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.
- 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.
- 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.
- Visa V.N cut 2,600 jobs, or about 7% of its workforce, with most of the roles affected being in technology and product teams.
 
 

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))