Good morning. X Corp. said it is closing its Brazil operations after a clash over a judge’s order to remove certain content, escalating friction between Elon Musk and global governments about content regulation on his platform.

The move, which X announced Saturday, doesn’t affect users’ ability to access the platform in Brazil, where authorities have been clamping down more broadly on content on social-media and messaging platforms that they say is linked to attacks on the leftist government.

But it shows how Musk’s more hands-off approach to speech on the service he acquired nearly two years ago is colliding with concerns of officials in multiple continents who fear it is enabling hate speech and other content they say is dangerous.

X said in a post that it decided to close operations to protect the safety of its staff in the face of what it said were threats from a Supreme Court justice. Musk said his company felt it had to make the move after the judge issued orders “that would require us to break (in secret) Brazilian, Argentine, American and international law.” Musk and X didn’t elaborate on what exactly closing operations in the country would entail.

Judge blocks launch of sports streaming service.

A judge blocked Warner Bros. Discovery, Fox Corp. and Disney’s new sports streaming service from launching later this month, a major blow to the effort. U.S. District Judge Margaret Garnett said Friday that the new offering, called Venu Sports, would “substantially lessen competition and restrain trade.”

Fubo, a sports-centric streaming service, sued the three companies earlier this year after they announced the joint venture. Lawyers for Fubo argued that Venu is anticompetitive because Fox, Warner, and Disney force the service to pay for a broad bundle of general entertainment channels without the ability to handpick only the sport-centric channels it wants to distribute.

• Sam Altman wants to save us from the AI-dominated world he is building. The trouble is, governments aren’t buying his plan, which involves an attempt to scan the eyeballs of every person on Earth and pay them with his own cryptocurrency.
   
• Fidelity Investments and Apollo Global Management entered the legal fray surrounding the resignation of former chief Houston bankruptcy judge David R. Jones, alleging he pressed them to accept a settlement in an oil driller’s chapter 11 case while concealing his romantic relationship with an opposing lawyer.

Harris, Trump propose divergent, costly solutions for inflation.

A presidential campaign light on policy substance took a sudden turn this week into the details of governing, as both Donald Trump and Kamala Harris sought to show they have credible proposals for taming inflation, a top concern for voters.

Their plans were richer in ambition than detail but nonetheless revealing. Harris, the vice president, and Trump, the former president, showed far different views of the role of government in the economy. Harris called for a muscular use of government power to intervene in markets and for new tax policy to achieve social goals. 

Trump said he would reduce prices by diminishing the government’s role in the economy.

• Specter of Trump Tariffs Hangs Over Markets
• Harris Housing Plan Aims to Add 3 Million Homes. That Won’t Be Easy.

• Gold reached a new record high on rising hopes for a U.S. interest-rate cut and geopolitical tensions.
   
• Argentina’s President Javier Milei is finding it hard to decouple from China.
   
• The July tech outage that knocked out businesses worldwide renews scrutiny over why some companies have access to the very heart of a computer and, therefore, the ability to suddenly crash it.

• There are at least 170,000 different ways to customize a Starbucks drink. The world’s biggest coffee chain may have almost as many challenges.
   
• A 29-year-old from Poland claimed the ultimate prize: with the grittiest ride of her life, Kasia Niewiadoma became a women’s Tour de France winner. Her final margin of victory was just 4 seconds.
   
• China was a gold mine for global automakers a decade ago. Not anymore.
   
• While it was losing hundreds of millions of dollars a year, Steward Health Care System paid at least $250 million to its chief executive officer, Dr. Ralph de la Torre, and to his other companies during the four years he was the hospital chain’s majority owner.
   
• Advanced Micro Devices agreed to pay nearly $5 billion to buy ZT Systems, a designer of data-center equipment for cloud computing and artificial intelligence, bolstering the chip maker’s attack on Nvidia’s dominance in AI computation.

Follow us on X at @WSJRisk. Follow Risk & Compliance editor David Smagalla @DSmagalla_DJ and reporters Mengqi Sun @_MengqiSun, Dylan Tokar @dgtokar and Richard Vanderford @VanderfordRich.

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