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carefully before investing alps distributors here is your morning brief for thursday july 10th i'm luke

vargas for the Wall Street Journal.

President Trump has said the U.S. will charge a tariff of 50% on Brazilian goods starting

August 1st, the highest level announced in his flurry of letters to foreign leaders this week.

Trump slammed the Brazilian government for pursuing a legal case against former president

Jair Bolsonaro, who's on trial for an alleged coup attempt. At the same time, Trump's threat to

impose 50% tariffs on global copper imports from the start of next month has sent mining stocks

and the price of the metal surging this morning. Russia has hit Ukraine's capital

Kiev with another major missile and drone attack overnight, causing fires in the city and

killing two people. It comes just a day after the largest assault yet, in which Russia launched

728 drones and decoy munitions at cities in Western Ukraine.

Ukrainian president of Vladimir Zelenskyy said the attack showed again that Russia has no desire

to end the war. And we are exclusively reporting that Ferreiro, the Italian candy maker behind Ferreiro

Roche and Nutella, is nearing a roughly $3 billion deal to buy breakfast

cereal giant W.K. Kellogg, barring any last-minute snags in talks. W.K. Kellogg is the

company behind Fruit Loops, Frosted Flakes, and Rice Krispies, and the product of Kellogg spinning

off its North American cereal business into a separate publicly traded company about two years ago.

The remaining global snacking business, Kellanova, agreed to sell itself to Mars in a more than $30 billion blockbuster transaction last year.

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