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Team. Microsoft withdraws from Open AIs board amid antitrust scrutiny.

Plus, U.S. intelligence officials report that Russia is once again seeking to boost Donald

Trump in the race for president and heading into

earning season we'll look at how investors are processing Fed Chair Jerome Powell

inching closer to cutting rates.

The really interesting thing to me is everyone is crazy worried about,

what is the Fed going to do, is it going to cut rates?

We came into the year thinking, you know, we were going to have three rate cuts by July

and here we've had none and yet the markets

at a record. It's Wednesday July 10th I'm Luke Vargas for the Wall Street Journal and

here is the AM edition of What's News, the top headlines and business stories moving your world today.

Microsoft has withdrawn from an observer position on the board of open AI. In a letter Tuesday

Microsoft told the artificial intelligence startup it resigned because it believed the

board had gained enough stability that its involvement was no longer needed.

The move comes amid growing regulatory scrutiny of the two tech companies partnership on both

sides of the Atlantic, with the U.S. Federal Trade Commission investigating whether Microsoft structured the deal to avoid a government antitrust review of the transaction and the UK earlier saying that it was looking into whether the partnership should be considered a de facto merger.

...