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Intel CEO to Visit White House

By Walden Siew

Good morning, CFOs. Intel CEO Lip-Bu Tan is set to visit President Trump on Monday; Trump administration considers longtime critic to lead Bureau of Labor Statistics; plus, tax strategy takes center stage.

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Lip-Bu Tan is expected to explain his background to President Trump. PHOTO: ANNABELLE CHIH/BLOOMBERG NEWS

Intel CEO Lip-Bu Tan is set to visit the White House Monday after President Trump called for his removal last week over ties to Chinese businesses, according to people familiar with the matter.

Tan is expected to have a wide-ranging conversation with Trump, with the intent of explaining his personal and professional background, the people said. He could also propose ways that the government and Intel could work together, they said.

Tan hopes to win Trump’s approval by showing his commitment to the country and pledging the importance of keeping Intel’s manufacturing capabilities as a national security issue, one of the people said.

  • Exclusive: Trump Administration Considers Longtime Critic to Lead Bureau of Labor Statistics
 
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The Week Ahead

Monday

Earnings: Barrick Mining, Franco-Nevada, monday.com and Oklo

Tuesday

Earnings: Cardinal Health, Cava Group, Circle Internet Group, CoreWeave, Madison Square Garden Sports and On Holding

The National Federation of Independent Business releases its Small Business Optimism Index for July.

The Bureau of Labor Statistics releases the consumer price index for July.

Wednesday

Earnings: Cisco Systems, Coherent and Venture Global

Thursday

Earnings: Applied Materials, Deere, JD.com, NetEase, Nu Holdings and Tapestry

The BLS releases the producer price index for July.

Friday

The Census Bureau reports retail sales data for July.

 

Latest From CFO Journal

Tax strategy is increasingly taking a seat center stage in decision making, and in many cases, companies are seeing tax teams step up as key advisors to the C-suite, helping navigate policy change, shape strategy and drive growth, says Matthew Becker, national managing principal of tax at BDO and the firm’s next CEO, effective July 1, 2026.

“Over the next 12 months, those who proactively anticipate change and are prepared to act when the time is right will be well positioned for success,” Becker said. “This environment creates opportunities for tax leaders to guide their organizations through uncertainty while demonstrating the full potential of the value they can deliver.”

BDO shared its new tax strategist survey with CFO Journal. The survey found that while tax leaders’ influence is at an all-time high, they should act now to secure their positions as business advisors for the long-term. We asked Becker what struck him most in terms of what CFOs and C-suite leaders can take away from the survey.

“We have CFOs telling us that they're involving the tax function a lot more strategically, and then we have tax executives telling us that they're feeling that increased involvement. CFOs are struggling to manage the constantly changing impact of tax regimes and tariff regimes on their business,” he said.

“You're managing and executing against that strategy and that value chain, and then all of a sudden something changes, something legislatively changes, tariff rates increase, tariff rates decrease, being able to quickly assess what the impact of that change is on your business and then come up with a strategy for adjusting to it if adjustment is needed.”

“There's a lot of increased pressure on CFOs to deliver that, and I think they're leaning much more on the tax function to help them through those issues,” Becker said.

90%

Percentage of tax leaders who say they are invited to weigh in on business decisions before they are made, and that their recommendations carry significant weight, according to the 2025 BDO Tax Strategist Survey.

 
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What Else Matters to CFOs

Warby Parker operates its own stores and online distribution. PHOTO: LEVI MANDEL FOR WSJ

Many things have gotten pricier in the past 15 years. Not Warby Parker’s most affordable glasses, which have cost $95 since the brand’s inception in 2010.

Warby Parker’s strategy breaks from other buzzy brands that adopted the eyewear company’s model during the 2010s-era direct-to-consumer boom, like mattress maker Casper and Naadam, which sells cashmere sweaters. Marketing for Naadam’s basic sweater once prominently featured its $75 price; now the same crew neck retails for $98. A twin mattress at Casper cost $500 in 2014 and now starts at $749.

Trump’s trade offensive is now putting Warby Parker’s price strategy to one of its biggest tests yet. The company, which plans to keep its $95 option intact, is betting it can help mitigate rising costs with recent increases on its more expensive frames and lenses and by catering to older consumers who need pricier progressive lenses.

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📰 Other headlines

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  • NYC Builders Are Converting Shuttered Migrant Hotels Into Apartments
  • How to Offset Trump’s Aluminum Tariffs: Recycle Your Beer Can
  • Inflation Up or Down? What About Jobs? The Agency That Should Know Is on the Rocks
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About Us

The Wall Street Journal's CFO Journal offers corporate leaders and professionals CFO analysis, advice and commentary to make informed decisions. We cover topics including corporate tax, accounting, regulation, capital markets, management and strategy.

Follow us on X @WSJCFO. The WSJ CFO Journal Team comprises reporters Kristin Broughton, Mark Maurer and Jennifer Williams, and Bureau Chief Walden Siew.

You can reach us by replying to any newsletter, or email Walden at walden.siew@wsj.com.

 
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