Trump, Musk tensions reignite

Plus, Europe in the grip of a heatwave.

Global news you can trust. Download the Reuters App. Daily Briefing Daily Briefing By Kate Turton Hello. Trump suggests DOGE look at Musk's company subsidies,  and Senate Republicans sought to pass Trump's bill. Thousands flee wildfires as Europe is hit by an early heatwave, and a court suspends Thailand's Prime Minister. Plus, our graphics team delves into Wimbledon, and the uniqueness of grass courts. Today's Top News   Residents at the Ter Biest house for elderly people as a heatwave hits Europe, Grimbergen, Belgium June 30, 2025. REUTERS/Yves Herman Europe Firefighters battled wildfires in Turkey and France and more than 50,000 people were evacuated as an early summer heatwave hit Europe. Health alerts were issued in France, Spain, Italy, Portugal and Germany. Even the Netherlands, used to a milder climate, issued a warning for high temperatures. Scientists said the extreme temperatures in the region were related to a "heat dome" over continental Europe. But what exactly is a 'heat dome' and why do they happen? Listen to Kate Abnett on the Reuters World News podcast for the latest. Three senior managers from the hospital where nurse Lucy Letby was convicted of murdering babies worked, have been arrested on suspicion of gross negligence manslaughter, British police said. In other news President Donald Trump suggested that the government efficiency department should take a look at the subsidies that Tesla CEO Elon Musk's companies have received in order to save money. US Senate Republicans sought to pass President Donald Trump's sweeping tax-cut and spending bill, despite divisions within the party about its expected $3.3 trillion hit to the nation's debt pile. Iran-linked hackers have threatened to disclose more emails stolen from Trump's circle, after distributing a prior batch to the media ahead of the 2024 US election. Israeli strikes killed at least 60 people across Gaza in some of the heaviest attacks in weeks as Israeli officials were due in Washington for a new ceasefire push. Thailand's Constitutional Court suspended Prime Minister Paetongtarn Shinawatra from duty, pending a case seeking her dismissal, in a major setback for a government under fire on multiple fronts and fighting for its survival. Business & Markets   A steel worker at ThyssenKrupp AG takes a sample of raw iron from a blast furnace, Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay/File Photo Factory activity across Europe showed more signs of steadying in June but shrank in many Asian economies as concerns over US tariffs kept demand low. Trump expressed frustration with US-Japan trade negotiations as Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs as a July 9 deadline approaches despite good-faith negotiations. The Department of Government Efficiency initiative has pushed the US markets watchdog to loosen Wall Street rules around blank-check companies and confidential reporting by private investment funds, according to two people familiar with the matter. For more, watch our daily rundown on financial markets. Novo Nordisk's top executives ignored internal warnings that the company was not sufficiently prepared for the launch of its weight-loss drug Wegovy, leaving the Danish drugmaker in a more vulnerable position when rival Eli Lilly entered the market, six former employees involved in the discussions told Reuters. Tesla is expected to report another fall in quarterly deliveries on Wednesday as the backlash against CEO Elon Musk's political views and competitive pressures continue to drag on demand. The White House is negotiating with trading partners while US-China commerce seizes up. In this episode of The Big View podcast, Professor Simon Evenett of IMD Business School explains how the tense discussions might play out, and where they will leave the global trade system. Six questions facing US stock investors as 2025's second half kicks off    The US stock market completed a roller-coaster first half of the year at record-high levels but a host of factors could knock equities off their perch over the rest of 2025. The benchmark S&P 500 is up over 5% on the year so far, rebounding from an April plunge after an economic scare stemming from Trump's "Liberation Day" tariff plan. Here are some of the key questions facing US stock investors at the start of the second half. Read our analysis And Finally... As elite athletes batter a ball back and forth at Wimbledon, if you pan down, and zoom way way in, you'll see millions of tiny plants are getting battered as well. But such is their lot.  Read more Get full access to Reuters.com for just $1/week. Subscribe now. 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