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The U.S. and European Union reach a landmark trade agreement.

It delivers stability and predictability for citizens and businesses on both sides of the Atlantic.

Plus, Samsung and Tesla agree to a multi-billion dollar chip supply deal.

And Israel pauses military activity in Gaza to allow in humanitarian aid.

It's Monday, July the 28th.

I'm Azhar Sukri for the Wall Street Journal. Here is the AM edition of What's News, the top headlines and business stories moving your world today.

Certainty in uncertain times, that's how European Commission President Ursula von der Leyen

described the agreement the world's two biggest trade partners reached yesterday.

It is the largest deal President Trump has announced so far as he tries to remake the global

trading system.

We are agreeing that the tariff straight across for automobiles and everything else will be a straight

across tariff of 15%. In return, the EU has agreed to buy US energy products and invest $600 billion

in the US. Our Brussels reporter Kim McRail has been following the talks.

Kim, explained to us what has been agreed and just how consequential this deal is.

So I think the basic framework for this idea, and I have to mention we don't have anything

in writing at this point. So really all of what we understand about what was agreed to

is based on what the two leaders, President Trump and the European Commission's president, Ursula von der Leyen, said last night.

So they both say that we're looking at a 15% tariff on most European goods that are exported to the U.S.

Crucially for the EU, that includes autos, that includes the automotive sector,

which is something that the Europeans were very concerned about,

...