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listings July 24 through June 2025, number one trusted based on August 2025 proprietary survey among

real estate professionals. Here's your morning brief for Wednesday, May 13th. I'm Daniel

Bach for the Wall Street Journal. President Trump is on his way to

Beijing for this week's summit with Chinese leader Xi Jinping. And among his entourage of American

business leaders are Elon Musk, Apple's Tim Cook, and Jensen Wong. The NVIDIA CEO was a last-minute

addition to the travel list, meeting up with the U.S. delegation in Alaska, where Air Force One

was refueling. The tech-heavy traveling party could signal a potential opening on AI, despite

concerns from Hawks in Washington about giving China access to advanced U.S. tech. The Iran war

and tariffs are also likely to be central topics of discussion. Iran is dramatically expanding

its definition of the Strait of Hormuz, saying it won't tolerate any encroachment in hundreds

of miles of water well outside of its narrow maritime choke point with Oman. That announcement by

its Revolutionary Guard, naval force, is the latest signal of Iran's intent to widen its grip over the waterway.

Despite an ongoing U.S. blockade of Iran's ports and American efforts to guide ships through the strait,

few vessels are making the journey. And we're exclusively reporting that Jack Daniels' parent company,

Brown Foreman, has rejected a $15 billion takeover from Sazirac, the company behind

Fireball, Buffalo Trace, and Southern Comfort. Separate talks to combine Brown Foreman and

...