Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Donald Trump reached a trade deal with Japan that will impose 15% tariffs on US imports from the country, including its auto sector, while creating a $550 billion fund backed by the Japanese to make investments in America. (2) UniCredit dropped its bid for rival Banco BPM ending an eight-month standoff with its rival and the Italian government over the plan to create the country’s largest lender. (3) The US agency responsible for maintaining and designing the nation’s cache of nuclear weapons was among those breached by a hack of Microsoft Corp.’s SharePoint document management software, according to a person with knowledge of the matter. (4) Morgan Stanley is being probed by the Financial Industry Regulatory Authority over its vetting of clients for the risk of money laundering, the Wall Street Journal reported. (5) SAP reported quarterly cloud and software sales that fell just short of estimates as tariff insecurities weighed on Europe’s most valuable company. Podcast Conversation: Meme Stock Fever Is Spreading Like It’s 2021 With Kohl’s SoaringSee omnystudio.com/listener for privacy information.

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