The A.M. Update dives into major developments: President Trump and EU’s Ursula von der Leyen announced a trade deal with a 15% tariff on European imports, particularly automobiles, effective August 1, 2025, with Trump hinting at tariff rebate checks due to massive revenue and potential debt reduction. OMB Director Russ Vought claims progress toward a balanced budget, citing tariff revenues and spending cuts. FBI Deputy Director Dan Bongino’s cryptic X post about “shocking” discoveries in government corruption investigations raises questions, with no specifics provided. CIA Director John Ratcliffe alleges a criminal conspiracy in the Russiagate hoax, suggesting ongoing actions by DOJ and FBI. A harrowing evacuation at Denver International Airport due to a smoking American Airlines jet’s landing gear issue left one injured. A Michigan Walmart stabbing spree is charged as terrorism, while a Cincinnati brawl raises racial concerns. Comedian Tony Hawks’ decision to leave his wealth to charity, not his son, sparks debate about boomer inheritance trends and parental responsibility.