P.M. Edition for July 30. The U.S. economy <a href="https://www.wsj.com/economy/u-s-economic-growth-slowed-to-1-5-in-second-quarter-003c464f?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">grew just 1.5%</a> last quarter, lower than the previous quarter and falling short of economists’ expectations. WSJ economics reporter <a href="https://www.wsj.com/news/author/harriet-torry?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">Harriet Torry</a> explains why the details in the report, particularly around consumer spending, suggest things aren’t as bad as the headline number makes it seem. Plus, the buzzy AI-focused hedge fund Situational Awareness, founded by AI whiz kid Leopold Aschenbrenner, <a href="https://www.wsj.com/finance/citadel-buys-situational-awarenesss-stock-portfolio-after-big-losses-in-ai-5117159b?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">sold most of its stock portfolio</a> to investment firm Citadel. We hear from WSJ special writer <a href="https://www.wsj.com/news/author/gregory-zuckerman?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">Greg Zuckerman</a> about why this happened and where the company goes from here. And a big rally in tech companies sent U.S. <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-07-30-2026?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">stocks soaring today</a>. Alex Ossola hosts.

See <a href="https://www.wsj.com/world/middle-east/see-the-new-fronts-of-the-iran-war-erupting-across-the-middle-east-dda24313?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">the new fronts</a> in the Iran war. 

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