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Here's your morning brief for Friday, July the 25th. I'm Azhar Sukri for the Wall Street Journal.

A new Wall Street Journal poll finds President Trump's political standing remains strong,

and it's the economy keeping his numbers buoyant. Some 47% of people rate the economy as excellent or good, with fewer people say that inflation is causing the major strains.

That's despite unpopularity with the GOP's big tax and spending law, dissatisfaction with Trump's tariff plan, and suspicion over the Jeffrey Epstein saga.

That said, the president's standing with his

Republican base remains strong. Eighty-eight percent of GOP voters polled support him. Volkswagen

has lowered its financial guidance after earnings were hit by one and a half billion dollars

of tariff costs during the first half of the year. The German automaker had held

off from altering the outlook it gave at the start of the year as it waited for more clarity on

the evolving trade landscape, cautioning that uncertainty risked pushing some guidance metrics

towards the lower end of its forecasts.

The European Union is yet to secure a trade deal with the US after President Trump slapped a 25% tariff on global automotive imports at the beginning of April.

And a US regulator has approved Skydance's merger with Paramount Global,

clearing the way for the more than $8 billion deal to close. As part of the government's approval, CBS News has committed to

unbiased journalism, and an ombudsman will also be put in place to review, quote, any complaints

...