World Business Report Is a trade deal between the US and the EU now very close?
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Jul 23, 2025 Tensions rise as the European Union seeks a trade deal with the US to dodge hefty tariffs, with optimism from German Chancellor Friedrich Merz. The conversation shifts to Hollywood's revival of children's films, marking a shift towards family-friendly content as they reshape box office success. Additionally, the podcast dives into the intriguing rise of meme stocks, examining their roots in social media culture and their impact on investor psychology, as well as the pressures on gaming platforms to manage adult content censorship.
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US-EU Trade Deal Near Completion
- A US-EU trade deal appears very near, possibly within days before August 1st.
- Key issues include tariffs on cars and steel, with Germany and France pivotal in finalizing terms.
Japan Gains in US Trade Deal
- Japan benefited from a US trade deal with only 15% tariffs on cars, much lower than US tariffs on steel and parts.
- This may disadvantage US automakers, potentially encouraging production moves back to Japan.
Meme Stocks Fueled by Social Media
- Meme stocks spike due to social media and mobile trading apps fostering herd behavior.
- Investors often buy based on hype and stories, not fundamentals, driving sharp price movements.