NATO Allies Announce Billions in New Spending to Placate Trump

WSJ What’s News

The Wall Street Journal

Daily News, News

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🗓️ 7 July 2026

⏱️ 14 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

A.M. Edition for July 7. As President Trump heads to Turkey for a NATO summit, Brussels Bureau Chief Daniel Michaels says the alliance is rushing to find replacements for the bombers, warships and soldiers that Washington says member nations can no longer rely on in a crisis. Plus, Democratic Party leaders urge Graham Platner to quit the Maine Senate race, a key path to winning a Senate majority in November. And as SpaceX joins the Nasdaq-100, WSJ markets reporter Hannah Erin Lang says investors in index trackers are exposed to Elon Musk’s rocket company whether they like it or not. Daniel Bach hosts. Sign up for the WSJ’s free What’s News newsletter.

Transcript

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0:00.0	Attention all passengers.
0:04.0	The Uber ride for Jeff's rugby team will depart in five minutes from Platform 15.
0:10.0	Your ride comes with six toilets and a refreshments carriage that you'll empty within five minutes.
0:16.0	Thank you for booking your tickets on Uber.
0:20.0	Trains on Uber.
0:24.4	Top Democrats push for Graham Platner to exit Maine's Senate race following sexual assault allegations.
0:30.6	Plus what SpaceX joining the NASDAQ 100 means for your ETFs.
0:34.9	And NATO announces military deals worth billions of dollars, hoping
0:38.6	to placate U.S. demands for allies to step up.
0:41.5	Global Air is a transatlantic program delivered by European and Canadian industries,
0:48.0	with essential contributions from U.S. industries. It is a real success story. Again, made in NATO. It's Tuesday, July 7th. I'm Daniel
0:58.4	Bach for the Wall Street Journal, filling in for Luke Vargas. And here is the AM edition of
1:02.8	What's News, the top headlines and business stories moving your world today.
1:10.7	Maine's Graham Platner is widely expected to pull his candidacy for Senate today, with top Democrats withdrawing their endorsements overnight.
1:17.8	That's after a woman Plattner had been romantically involved with publicly alleged that he sexually assaulted her.
1:23.5	He denied the allegation in a video yesterday, saying he would reassess his Senate bid.
1:28.4	But now, state and national lawmakers are calling for Plattner to drop out of the race.
1:32.7	Here's Maine's House Speaker Ryan Fecto, courtesy of Maine's total coverage.
1:36.2	The concerns have been mounting, and I think that's the primary issue here,
1:42.0	is the number of revelations about Graham's past have accumulated.
1:51.4	And that is what I think is causing the greatest deal of concern for all of us.
1:57.8	The development is set to damage Democrats' hopes in one of the party's most important Senate races this year. Almost any path for Democrats to gain the four
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