Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The European Union and the US are progressing toward an agreement that would set a 15% tariff for most imports, according to diplomats briefed on the negotiations. (2) Top representatives from the European Union met with Chinese President Xi Jinping Thursday, opening their first in-person summit since 2023 that’s exposing a divide between the bloc and Beijing just months after earlier signs of a possible detente. (3) Elon Musk warned of a hard year ahead for Tesla Inc., adding to the automaker’s woes after reporting one of its worst quarters of the last decade. (4) The number of companies and organizations compromised by a security vulnerability in Microsoft Corp.’s SharePoint servers is increasing rapidly, with the tally of victims soaring more than six-fold in a few days, according to one research firm. (5) British car and van production in the first half of this year has hit its lowest level since 1953, excluding the industry shutdown during Covid. Podcast Conversation: The Odyssey Is Making Movies Feel Like a Concert: Jason BaileySee omnystudio.com/listener for privacy information.

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