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Here is your morning brief for Thursday, July 24th. I'm Kate Bullivant for the Wall Street Journal.

The White House says President Trump will visit the Federal Reserve today, a surprise move that could add more pressure to Fed Chair Jerome Powell.

Trump has been a harsh critic of a multi-billion dollar renovation program for the

Fed's Washington, D.C. headquarters. And as we've reported, Trump has repeatedly pushed Powell to

aggressively cut interest rates, criticized his performance and threatened to end his tenure early.

Columbia University has agreed to pay more than $200 million to the federal government

over allegations the school violated anti-discrimination laws.

In return, the Trump administration will restore nearly all the research grants it had

pulled from Colombia back in March.

The New York City School will

also be able to access federal funding in the future. The Trump administration's battle with

Colombia was the first of a series of broadsides against research universities that depend on

federal funds to operate. And in a slew of earnings out this morning, Hyundai Motor reported

a 22% drop in profits from a year earlier amid higher US tariffs. The carmaker's investors will be

keenly watching Friday's meeting between US and Korean trade officials in Washington, hoping for a trade reprieve.

Meanwhile, diverging fortunes for two key tech suppliers.

ST Micro, which supplies chips to Apple and Tesla, has added to months of disappointing sales,

...