Harris moves to lock up White House bid

Trump campaign switches gears to confront his likely new rival.

Sign up for Reuters newsletters  Daily Briefing Daily Briefing By Edson Caldas Joe Biden is out of the race. Enter Kamala Harris. Her campaign officials and allies have already made hundreds of calls, urging delegates' support for her presidential nomination. Today, we cover the latest. Plus, China cuts several major interest rates to support its economy. Today's Top News   Harris would fashion an entirely new dynamic with Trump, offering a vivid generational and cultural split-screen. REUTERS/Evelyn Hockstein/File Photo US election Vice President Kamala Harris wasted no time launching her presidential campaign with the backing of President Joe Biden after he pulled out of the race. Correspondent Jeff Mason recaps how it came to this and what Harris might face ahead on today's Reuters World News podcast. Many Democrats quickly voiced their support for Harris, but others are still silent. Now, she has a major, immediate decision to make: whom to pick as her running mate. These are some of the top people being discussed. Meanwhile, Republican presidential candidate Donald Trump will try to show swing voters that his likely new rival has her fingerprints all over two issues he is counting on for victory in November: immigration and the cost of living. US Secret Service Director Kimberly Cheatle will undergo a grilling at a congressional hearing into her agency's failure to prevent a would-be assassin from wounding Trump earlier this month. In other news Israeli Prime Minister Benjamin Netanyahu visits Washington this week, under pressure to end the Gaza war both from Israelis who want hostages brought home and from a US administration focusing increasingly on the election. Follow the latest on the war. Taiwan carried out anti-landing drills on a strategic river at the start of the annual Han Kuang war games, which this year aim to be as close as possible to actual combat with no script and simulating how to repel a Chinese attack. Bangladesh appeared calm amid a curfew, but widespread disruption of telecoms persisted a day after the Supreme Court scrapped some controversial job quotas, as protesters set the government a 48-hour deadline to meet new demands. Business & Markets   China surprised markets by cutting major short and long-term interest rates, its first such broad move since August last year, signaling intent to boost growth in the world's second-largest economy just days after a Communist Party leadership meeting. Semiconductors and other restricted goods shipped through China and Hong Kong to fuel Russia's war effort fell by a fifth this year previously undisclosed US Commerce Department data shows, but Hong Kong remains a global sanctions evasion hotspot. Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current US export controls, three sources familiar with the matter said. Aviation leaders will meet at the Farnborough Airshow outside London this week as the industry struggles with supply chain disruptions, aircraft delays and floundering plans to reduce carbon emissions. Europe's biggest banks report their second-quarter earnings this week, with all eyes on whether the gains from higher interest rates have run out of steam and if recent political drama is weighing on sentiment. General Motors and Ford may post lower profit when they report quarterly results, as the industry's high-stakes bet on EVs fails to pay off, while a cyberattack on a crucial computer network used by dealerships disrupted sales. For more on the industry, sign up to the Auto File newsletter. Countdown to the 2024 Olympics   Paris hopes security won't spoil the party at the 2024 Olympics opening. REUTERS/Gonzalo Fuentes/File Photo As Paris makes final preparations for the Summer Olympics, the grand opening ceremony along the river Seine on Friday has created an unprecedented security challenge that organisers hope won't dampen the party vibe. Read our coverage And Finally... Tasmanian 'Eco-Milk' tests shoppers' thirst for climate-friendly dairy. REUTERS/Clyde Russell A small dairy in Tasmania is stocking supermarket shelves with what it says is the world's first branded milk produced by cows fed with a seaweed that makes them emit lower levels of environmentally damaging methane gas. Read more Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters.com Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. Reuters Terms & Conditions and Privacy Statement © 2024 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036