From the BBC World Service: Japanese Prime Minister Shigeru Ishiba's governing coalition lost its majority in the upper house of parliament, but Ishiba said, with the threat of additional U.S. tariffs and rising inflation, he's not going anywhere. Plus, the European Union is ramping up efforts to avoid President Donald Trump's tariffs. An Aug. 1 deadline is looming, and retaliatory tariffs could be in the pipeline. And later, we'll examine the cost of child care in the U.S.

With the passage of President Trump’s One Big Beautiful Bill, numerous Biden-era clean energy incentives will begin to phase out. Many of those incentives were aimed at onshoring energy and battery manufacturing. 

Energy demand is only expected to rise as more data centers are built to service AI and electric and autonomous vehicles become more widespread. And storage for that energy has to come from somewhere. 

Marketplace’s Meghan McCarty Carino speaks with Jeremy Michalek, a professor of Engineering and Public Policy at Carnegie Mellon University, about the impacts of the Big Beautiful Bill clean energy rollbacks. 

The Trump administration has agreed to share the data of millions of Medicaid enrollees with Immigration and Customs Enforcement officials in an effort to locate immigrants who may be undocumented in the U.S. We discuss the implications of this agreement. And, we explain a White House executive order in the works than plans to target AI models seen as too “woke.” We get into how that aligns with the Trump administration’s efforts to dismantle diversity, equity and inclusion initiatives. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

• “Trump administration hands over Medicaid recipients’ personal data, including addresses, to ICE” from The Associated Press
• “White House Prepares Executive Order Targeting ‘Woke AI’” from The Wall Street Journal
• “A UK-based company hopes to use “robot dogs” to address labor shortages in health care” from Marketplace
• “Social media algorithms create “algospeak,” a kind of internet slang” from Marketplace
• “Roblox will scan users’ video selfies to assess their ages” from WIRED
• “TSA to add a lane for families with children and members of the military” from Fast Company

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We’re starting to see the first real evidence of President Trump’s tariffs showing up in consumer prices. But are these manageable, one-time price increases or the early signs of runaway inflation? Ana Swanson at The New York Times and Sudeep Reddy at MSNBC weigh in. Also on the show: what the latest spending cuts say about the balance of power in Washington, and why the USDA is moving away from considering race and gender in its farm loan and benefit programs.

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Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Late last night, the House approved a bill taking back nearly $1 billion from the Corporation for Public Broadcasting, which distributes funding to public radio and TV stations, and roughly $8 billion in foreign aid. We'll give an explainer about what's in the bill. Then, from Marketplace's "Age of Work" series, we'll hear how a woman at a U.K. business school prompted conversations about menopause at work, and from "Marketplace Tech," we'll learn why Pentagon leaders are talking about the right to repair.

The GOP tax law made huge cuts to Medicaid, but some lawmakers were able to set aside $50 billion for rural health. People who live in the nation’s rural areas have more chronic disease, die younger, and make less money. But some rural hospital and clinic leaders worry the infusion won’t reach the right places. Also on the show: Crypto week draws to a close, and TSMC, the company that makes NVIDIA chips, posts record profits.

From the BBC World Service: In an exclusive interview with the BBC, German Chancellor Friedrich Merz accepted U.S. accusations that Europe has done too little to fund its defense and security. It follows an interview with U.S. President Donald Trump this week, in which he backed the NATO military alliance. Also: Brazil's President Luiz Inácio Lula da Silva responds to tariff threats, and leather sandal makers in India react to Prada's high-end, Indian-inspired footwear.

This week on Marketplace Tech Bytes: Week in Review, leaders of tech, energy and private equity promised to invest more than $90 billion to build an AI hub Pennsylvania. Plus, the Trump Administration says chipmaker Nvidia can sell its semiconductors to China again, following a brief ban. But first, Crypto Week wraps up on Capitol Hill. Congress advanced a trio of cryptocurrency bills that could pave the way for more adoption and regulation of digital currencies like bitcoin.

Marketplace’s Meghan McCarty Carino spoke with Anita Ramaswamy, columnist at the Information, about the details of those three bills.

As a nation’s workforce grows older, innovation and delayed retirement can keep economic gears turning. But so can immigration. In this episode, “Marketplace” host Kai Ryssdal and ADP’s Nela Richardson visit Peckham, a neighborhood in South London that’s long been home to generations of immigrants from all over the world, to understand how newcomers can offset an aging workforce.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

The Senate approved the Trump administration’s rescission package today, which proposes taking back $9 billion in federal funding already allocated for programs such as public media and foreign aid. We’ll get into the implications for the bipartisan nature of the budgeting process. Plus, we explain the latest development of a lawsuit against Meta CEO Mark Zuckerberg and company leaders, which stems back to the 2018 privacy scandal involving Cambridge Analytica. Then, we’ll smile at a piece of new technology that claims to shoot mosquitoes using lasers. And, do you believe in supernatural forces?

Here’s everything we talked about today:

• “Russ Vought: Appropriations process ‘has to be less bipartisan’” from POLITICO
• “The Appropriations Process Was Already Broken. The Rescission Bill May Have Just Shattered It.” from NOTUS
• “Meta investors, Zuckerberg reach settlement to end $8 billion trial over Facebook privacy litigation” from Reuters
• “This ‘Iron Dome’ for mosquitoes shoots down bugs with lasers” from Fast Company
• “Angels, witches, crystals and black cats: How supernatural beliefs vary across different groups in the US” from The Conversation

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