Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Donald Trump tapped JD Vance as his running mate, elevating to the Republican presidential ticket a venture capitalist-turned-senator whose embrace of populist politics garnered national attention and made him a rising star in the party.

(2) President Joe Biden defended his suggestion that Donald Trump should be “put in the bullseye” in an NBC News interview Monday following the assassination attempt on his Republican opponent. 

(3) Elon Musk is pledging to pour $45 million a month into a pro-Donald Trump political group, a move that would flood the Republican nominee’s reelection effort with cash through the November election.

(4) Federal Reserve Chair Jerome Powell said second-quarter economic data has provided policymakers greater confidence that inflation is heading down to the central bank’s 2% goal, possibly paving the way for near-term interest-rate cuts.

(5) The euro-area economy is gradually picking up and activity is on track to accelerate over the remainder of the year, European Economy Commissioner Paolo Gentiloni said on Monday.