When Alphabet reports its Q2 earnings today, the elephant in the room will be European regulators. They’ve already fined the search giant $2.7 billion; more important, they have the potential to affect the way the company operates in both Europe and the U.S. Other big earnings reports this week include Facebook; Charter and Comcast; GM and Ford; Whole Foods and Chipotle.
[Tess Townsend / Recode]
“I did not collude.” That’s the main takeaway from the testimony Jared Kushner will provide to the Senate Intelligence Committee today, in a closed session. Kushner, who released his remarks in advance, also explained his attendance in that meeting with Donald Trump Jr. and the Russian lawyer: He says he didn't know what the meeting was about in advance.
[New York Times]
Grab, the dominant car service in Southeast Asia, is raising $2.5 billion in a round led by SoftBank and Didi, the dominant Chinese car service. The new money will value Grab at $6 billion.
[Johana Bhuiyan / Recode]
Brand-new White House communications director Anthony Scaramucci announced that he would delete his past tweets that may be incongruous with the mission of his new boss. Scaramucci claimed “full transparency,” saying his old tweets “shouldn’t be a distraction.” Of course, they were immediately repeated, recorded and shared all over the internet.
[Rani Molla / Recode]
Verizon admitted to throttling video streaming speeds for Netflix and some other companies in an apparent violation of net neutrality. The incident resembles the “fast lane” and speed-throttling scenarios that net neutrality advocates have warned about for years.
[Russell Brandon / The Verge]
Innovation is overrated — let’s get excited about maintenance! Despite Trump’s campaign promise of “a great national infrastructure program,” all varieties of American infrastructure — roads, bridges, airports, sewers — are in decrepit condition, and there’s nothing in the works to fix that.
[The New York Times]
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Emily Nussbaum rewatched “The Apprentice” and its revival, “The Celebrity Apprentice,” in an attempt to reverse-engineer how TV created Donald Trump, noting that the president keeps producing his own reality stunts. [The New Yorker]
This article originally appeared on Recode.net.