Good morning. Representatives of Amazon.com are set to meet next week with Federal Trade Commission officials, a person familiar with the plans said, in the latest sign that the agency is close to bringing an antitrust complaint against the online retail giant.

The Amazon representatives will meet individually with each of the FTC commissioners during the week of Aug. 14, the person said. The person referred to the plans as a last-rites meeting, often one of the final steps before either a lawsuit or a settlement is filed.

If the commission does sue Amazon, it would mark a signature moment in the tenure of FTC Chair Lina Khan, who built her career in part by arguing in a widely read academic paper that Amazon had amassed too much market power and that antitrust law had failed to restrain it.

The commission in recent years has been examining Amazon practices, including whether it favors its own products over competitors’ on its platforms and how it treats outside sellers on Amazon.com, according to some of the people familiar with the matter. The FTC also has been scrutinizing the company’s Amazon Prime subscription service’s bundling practices, some of the people said.

Jack Smith is known to take on tough cases, but he doesn’t always win.

Jack Smith, the special counsel who brought historic, back-to-back indictments of a former president, has developed a reputation as an aggressive prosecutor known for trying high-stakes, politically explosive cases. But he hasn’t always prevailed.

Smith led the Justice Department’s public corruption unit more than a decade ago, when it brought several cases against lawmakers and politicians that legal experts say were based on far-reaching interpretations of federal law that sometimes backfired before juries and courts.

Now he faces the most consequential case of his extensive career, the prosecution of Donald Trump on charges that he conspired to undo his 2020 election loss. In doing so, Smith is relying on theories that present legal questions that some experts say could go either way in court.

• Days after being sued by sports collectible company Panini, Fanatics sued its rival for alleged fraud and injected new claims of wrongdoing into a legal feud dividing the trading card industry.
   
• A federal appeals court put on hold a Biden administration program to make it easier for defrauded borrowers to have their student debt canceled.

Wind industry in crisis as problems mount.

The wind business, viewed by governments as key to meeting climate targets and boosting electricity supplies, is facing a dangerous market squall.

After months of warnings about rising prices and logistical hiccups, developers and would-be buyers of wind power are scrapping contracts, putting off projects and postponing investment decisions. The setbacks are piling up for both onshore and offshore projects, but the latter’s problems are more acute.

Tesla CFO Zach Kirkhorn steps down.

Tesla Chief Financial Officer Zach Kirkhorn has stepped down after more than four years in the role, where he worked behind the scenes to translate Elon Musk’s ambitions into reality.

His surprise move comes ahead of Tesla’s Cybertruck pickup coming to market later this year and raises questions about succession planning for Musk, who is 52 years old and runs several companies, including SpaceX and X, the social-media platform formerly known as Twitter.

• Officials in Juneau, Alaska, have issued an emergency declaration after record-breaking river floodwaters swept through the area, destroying at least two homes and threatening others.
   
• Already facing three criminal indictments, Donald Trump is bracing for a potential fourth in Georgia that is likely to come with a legal twist he hasn’t faced yet: sprawling racketeering charges.
   
• Asia, the world’s factory floor and the source of much of the stuff Americans buy, is running into a big problem: Its young people, by and large, don’t want to work in factories.
   
• Apartment buildings, long considered a real-estate haven, are emerging as the next major trouble spot in the beleaguered commercial-property world.
   
• Paramount Global said it has agreed to sell book publisher Simon & Schuster to private-equity firm KKR for $1.62 billion in cash.
   
• China’s exports to the rest of the world tumbled in July.

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