Good morning. The Internal Revenue Service apologized to billionaire investor Ken Griffin for the release of his tax returns, saying the government is addressing the data-security lapses exposed by the damaging leak of Griffin’s information and that of many other wealthy Americans.

• The background: The apology followed Griffin’s withdrawal Monday of a lawsuit against the government. Griffin, along with Jeff Bezos and Elon Musk, was one of the wealthy taxpayers whose tax records were disclosed by IRS contractor Charles Littlejohn to the news organization ProPublica and revealed publicly in news articles starting in June 2021.
   
• Suing the IRS: Federal law allows taxpayers to sue the IRS if an employee discloses private tax records in violation of taxpayer privacy law. If others violate the law, taxpayers can sue those people but not the government.
   
• The contractor: Littlejohn, who was a contractor for Booz Allen Hamilton, sat for a deposition with Griffin’s lawyers before he went to prison. Littlejohn, who also disclosed former President Donald Trump’s tax records to the New York Times, was sentenced to five years in prison, though he is appealing the length of that term behind bars. He is currently in a federal prison in southern Illinois, and the Bureau of Prisons website lists a July 2028 release date.

International Criminal Court issues arrest warrants for Russia’s top security leaders.

The International Criminal Court issued arrest warrants for Russia’s former defense minister and its army chief for war crimes committed during Moscow’s invasion of Ukraine, ramping up its moves against Russia following charges against President Vladimir Putin and other officials.

The ICC charged Sergei Shoigu, who was defense minister until last month, and Gen. Valery Gerasimov, who is in charge of the war in Ukraine, with directing attacks at Ukraine’s power grid, causing excessive harm to civilians and civilian objects.

Starboard Value criticizes Autodesk board in letter, believes investors were intentionally misled.

Starboard Value issued a letter to Autodesk’s board critiquing its oversight of management over actions it believes intentionally misled investors.

The activist investor, which has a roughly $500 million stake in the design-software maker, said it issued its letter to highlight shareholders’ dissatisfaction with Autodesk’s response to disclosure and governance issues that were recently disclosed from an investigation by its audit committee.

• Tesla is recalling its Cybertruck. Again. The electric carmaker issued two recalls for more than 11,000 of its futuristic-looking trucks over issues with the trunk and the windshield wiper, according to filings with the National Highway Traffic Safety Administration. Tesla had two recalls earlier this year.
   
• BP supervisors played down workers’ concerns about an Ohio refinery spiraling into chaos, missing multiple opportunities to prevent a September 2022 explosion that killed two brothers, federal investigators found in a new report this week.
   
• A key part of President Biden’s second attempt to forgive student loan debt has been stalled. Federal judges in Kansas and Missouri on June 24 ruled to temporarily halt implementation of the Saving on a Valuable Education plan, or SAVE plan, which is aimed at making debt repayment more affordable for low- and middle-income borrowers.
   
• Two years ago, the British government decided to spend big to outsource a migration problem. But the plan—criticized by some as inhumane, praised by others as a pragmatic response to a global migration crisis—has faced logistical, political and legal hurdles.

U.S. talks tough on Russia and Iran—so long as it doesn’t raise gas prices.

The Biden administration wants to keep gas prices stable ahead of the election by encouraging oil to flow into global markets. The effort has run square into another priority: being tough on adversaries Russia, Iran and Venezuela.

The policy has led to softer-than-expected sanctions on major oil producers, according to diplomats, former government officials and energy-industry players briefed by current officials.

A case in point arrived on Tuesday, when the U.S. levied fresh sanctions against Iran. The measures affect a fraction of the country’s oil exports and are unlikely to gum up global markets, analysts say.

Gaza’s hunger crisis deepens in the South. 

Israel’s military operation in Rafah has exacerbated the hunger crisis in southern Gaza—where most of the population is located—while a projected famine in the enclave’s north remains a high risk, according to new estimates by food-security experts who warned that the situation remains precarious.

Gaza has for months been experiencing the most acute hunger crisis anywhere in the world, both in absolute numbers and per capita, according to the Integrated Food Security Phase Classification, or IPC, an initiative that brings together experts from the United Nations, relief agencies and research groups. That is compounding the human toll of the nearly nine-month conflict.

• Israel’s Army Must Start Drafting Ultra-Orthodox, High Court Rules

• To the makers of smartphones, power grids and electric vehicles, lithium allows batteries to become supercharged, underpinning hopes for a greener economy and longer-lasting devices. But the very traits that make lithium game-changing for energy storage can pose overpowering challenges should the batteries ever catch fire. 
   
• Ukraine has sunk or damaged around two dozen Russian ships of all sizes using explosive drones or mines delivered by low-slung craft about the size of a small fishing boat. Sea drones caused severe damage to a bridge from Russia to occupied Crimea that Russia used to supply its forces in Ukraine.
   
• Artificial-intelligence work assistants were designed to provide businesses a relatively easy avenue into the cutting edge technology. It isn’t quite turning out that way, with chief information officers saying it requires a heavy internal lift to get full value from the pricey tools.
   
• Betting on the latest economic report could be as simple as choosing “yes” or “no.” The trading platform Interactive Brokers Group is launching contracts that allow customers to wager on future events related to the economy and climate.
   
• Hundreds of Kenyan police officers arrived in Haiti on Tuesday as part of a long-awaited U.S.- and United Nations-backed mission to fight gangs and bring order in the Caribbean nation, which has been ravaged by violence and spreading hunger.
   
• Australia’s monthly inflation came in well above expectations in May, adding to a list of indicators suggesting price pressures remain stubbornly high and triggering a flood of economist forecasts for a further interest-rate hike in August.
   
• A surprise spike in Canadian inflation last month throws up a possible hurdle for the central bank to offer up back-to-back rate cuts and is a fresh reminder of the price pressures consumers still face.

Villaseñor most recently served as the general counsel and chief administrative officer for MoneyGram International, where he led the global legal, compliance and internal audit for the remittance company.

—Mengqi Sun

• For 80 years, this territory in the western Pacific has been best known for the epic World War II battle fought on its white-sand shores. Today, its inhabitants might have found a new, unexpected driver of tourism: Julian Assange.
   
• Oklahoma’s highest court on Tuesday blocked the opening of what would have been the nation’s first religious charter school. The closely watched case is seen as the latest test of the boundary between church and state.
   
• The Supreme Court is poised to rattle U.S. politics with a set of decisions just as the presidential campaign enters a new phase with the first debate Thursday between the two major party candidates.
   
• Wall Street Journal reporter Evan Gershkovich appeared in a Russian court Wednesday to face a false accusation of espionage in a secret trial that will offer him few, if any, of the legal protections he would be accorded in the U.S. and other Western countries.

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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