Good morning from the WSJ Washington bureau. 

Trump's Day: President Trump delivers remarks on rolling back regulations.

Execution Ruling: The Supreme Court voted 5-4 to approve the Trump administration’s plans to execute a second inmate this week, lifting a lower-court orders temporarily blocking the execution.

Twitter Hack: The platform was hit with a widespread attack, as accounts of well-known companies and people including former President Barack Obama posted requests for money to be sent to cryptocurrency accounts.

EU Data Ruling: Thousands of companies will face restrictions on storing information about European Union residents on U.S. servers.

President Trump said his administration has completed its update to the National Environmental Policy Act, including mandating deadlines for completing environmental reviews, Timothy Puko reports. The measures, expected to go into effect in 60 days, are backed by business groups and trade unions who say the environmental review process has become a tool to delay needed highways, pipelines and other projects.

Mr. Trump renewed his fight against a New York grand-jury subpoena for financial records, telling a federal district court Wednesday he would raise additional objections to the Manhattan district attorney’s investigation into hush-money payments made by former Trump lawyer Michael Cohen, reports Jess Bravin. 

Joe Biden’s lead over President Trump reached double digits this month, a WSJ/NBC News poll found. Mr. Biden’s lead over the president rose to 11 percentage points from seven percentage points last month, but Mr. Trump maintained the backing of the majority of voters on his handling of the economy, Andrew Restuccia reports.

• Mr. Trump’s approval rating declined amid widespread disagreement with his handling of the coronavirus pandemic.
• Overall, nearly three-quarters of voters, 72%, said they believed the country was on the wrong track.

• His current campaign manager, Brad Parscale, will remain a senior adviser to the campaign focused on digital and data strategies.

Mr. Trump showed the power of his endorsements in Republican runoffs in Alabama and Texas this week, ending a brief losing streak, report Natalie Andrews and Lindsay Wise. GOP campaign strategists call his endorsement the key factor in winning a primary race and point out that his favorability ratings inside his own party remain sky-high.

• He has endorsed in 75 House primaries this cycle, and has lost three. 

• Patients are being stranded in emergency rooms and transferred between facilities as a surge in cases pushes hospitals in Texas, Arizona and Florida near capacity.

• Oklahoma Gov. Kevin Stitt is the latest politician to test positive for the virus. Cases have risen 26% over the past week in his state.

• China became the first major economy to resume growth since the coronavirus. Its economy grew 3.2% from a year earlier in the second quarter.

Some of America’s biggest cities are increasing their police budgets, amid a nationwide push by Black Lives Matter to cut the budgets, report Talal Ansari and Jennifer Calfas. Experts said the cities increasing their police budgets have more conservative voters. Police unions also play a role, they said.

• Houston, Phoenix and San Diego have all increased their police force’s funding in budgets passed in the past month.
• A larger number of cities have cut or said they plan to cut police budgets, like New York, Los Angeles, Baltimore and San Francisco. 

The Memorial Day encounter between George Floyd and police escalated quickly after one of the officers drew his weapon on a crying and increasingly flustered Mr. Floyd, according to police body camera footage made public for the first time Wednesday.

Secretary of State Mike Pompeo said a sanctions exemption will be removed for a Russian natural-gas pipeline to Germany, paving the way for new penalties to be imposed on the contentious Nord Stream 2  project as it nears completion, reports Brett Forrest.

The U.S. also imposed sanctions on a network of individuals and entities it said helped  Yevgeniy Prigozhin evade sanctions, Mengqi Sun reports. The Treasury blacklisted the Russian businessman in 2018 for his alleged involvement in interfering with U.S. elections.

The U.S. and six other nations sanctioned a financial network linked to the Islamic State terrorist group and its affiliates, blocking any of their assets in the U.S., Courtney McBride reports. The sanctions target businesses accused of helping finance the terrorist group.

• President Trump's decision to demote his campaign manager shows he knows he's losing the race right now. (Axios)
• Dr. Anthony Fauci calls White House efforts to discredit him "bizarre" and asserts they are only hurting the president. (The Atlantic)
• The nonprofit that was working on the transition to a second Trump term has shut down as part of a settlement of a lawsuit filed by New Jersey's attorney general over how the group was raising money. (NBC News)

This newsletter is a production of the WSJ Washington bureau. Our newsletter editors are Kate Milani, Troy McCullough, Toula Vlahou, James Graff and Daniel Nasaw. Send feedback to capitaljournal@wsj.com. You can follow politics coverage on our Politics page and at @wsjpolitics on Twitter.