A July 31 federal appeals court hearing on the legality of President Donald Trump’s so-called reciprocal and fentanyl-trafficking tariffs was among the key catalysts Bloomberg Intelligence analysts examined this week. BI’s litigation and policy team also discussed the likelihood of a government shutdown in September. Additionally, they covered the outlook for antitrust clearance of Dick’s Sporting Goods merger with Foot Locker, as well as the remedies they expect in the Justice Department’s antitrust case against Google over search. Finally, they discussed the antitrust implications of Trump’s AI Action Plan.

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