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Russia says it's pulling out of a grain deal with Ukraine, raising concerns about disruptions

to the global food supply chain.

The U.N. has talked about how there has been this series of compound crises

and that have actually pushed 122 million people into hunger just in the last three to four years.

And so the concern is that that situation could get worse again.

And U.S. regulators approved the first drug to protect infants from RSV,

plus as we kick off earning season, why we could be in for some bad news.

It's Monday, July 17th.

I'm Ann Marie for Tolly for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that moved the world today.

Russia says it's pulling out of an international agreement that allowed Ukraine to resume

much of its grain exports through the Black Sea.

The Kremlin has said it would rejoin the deal, which was facilitated by Turkey and the United

Nations, if its demands are met according to state news agency TAS.

But Russia's decision to pull out of the deal is renewing concerns about potential disruptions

to a key link in the global food supply chain.

Since shipments resumed last August, Ukraine has exported more than 32 million tons of food products.

The World Food Program bought more than 80 percent of its wheat this year from Ukraine

through the Black Sea initiative and has used the deal to charter grain ships to countries including

...