Complete ARTICLES can be found at the WSJ.

China’s Stumbling Manufacturing, Property Sectors Show Long Road to Recovery – Data for the two key sectors was negative in July. The pressure isn’t expected to ease. A1

What’s News: Business & Finance A1

Consumers Have Powered Through the Pandemic and Inflation—Until Now A1

War With Russia Enters New Phase as Ukraine Readies Southern Counterblow A1

How JetBlue Prevailed in Fight With Frontier for Spirit Airlines A1

What’s News: World-Wide A1

Key Lime Pie Fans Whipped Up Over Dessert Snub A1

U.S. Eyes Sanctions Against Global Network It Believes Is Shipping Iranian Oil A1

U.S.

Lower Inflation Likely Requires Higher Unemployment; How High Is the Question – The answer is quite high, if underlying inflation and the “natural” unemployment rate have risen, some economists say. A2

Economy Week Ahead: Hiring and Trade in Focus A2

Falling Food Prices Ease Upward Pressure on Global Inflation A2

Corrections & Amplifications A2

Raging Northern California Wildfire Prompts Evacuations, State of Emergency A3

President Biden Continues to Test Positive for Covid-19 A3

Kentucky Floods’ Death Toll Increases to 28, With More Rain Expected A3

Nichelle Nichols, Who Played Uhura on ‘Star Trek,’ Dies at 89 A3

Bill Russell, 11-Time NBA Champion, Dies at 88 A3

U.S. Would Gain Power to Negotiate Drug Prices Under Manchin-Schumer Bill A4

Democrats’ Corporate Tax Plan Threatens Higher Bills for Manufacturers A4

Senate Tax-and-Climate Plan Hinges on Streamlining Energy Projects A4

The U.S. Is Investing Big in Chips. So Is the Rest of the World. A4

Eric Greitens Tries to Win Over Missouri’s GOP Voters After Scandals A5

Slice of Profits From North Carolina Casino Goes to Relatives of Politicians A6

WORLD

Russia Pummels Ukraine’s Mykolaiv, Killing Top Businessman – The southern port city suffered some of the worst barrages of the war, while Moscow reported a drone attack on the headquarters of its Black Sea Fleet. A7 Russian Invasion of Ukraine Widens Spiritual Rifts Among the Nations’ Christians A7 Iraqi Cleric Calls for Constitution, Election Changes, Deepening Political Crisis A8 Sri Lanka President Sees Long Road to Securing Economic Stability A8 China’s Economy Tested by Strained City Finances A9 Pelosi Travels With Delegation to Asia Amid Chinese Warnings Not to Visit Taiwan A9 Zambia Restructuring Offers Clues on China’s Willingness to Ease Debts of Poor Countries A9

LIFE & ARTS

Two-Week Program to Get Your Summer-Lazy Kids Off Screens and Ready for School – Many teens and tweens spent the past few months on screens, but don’t worry—bad tech habits can be broken in a few straightforward steps. A11 Long Waits at the Airport Hit Wheelchair Assistance A11 Reconnected After Years, College Friends Find Strength in Each Other A12 ‘Scrimshaw: The Whaler’s Art’ Review: Waterborne Crafting A13 ‘King Vidor’ Review: The Film Director’s Wide Realm A13 England Wins the Women’s European Championship A14 LIV Golf as It Looked Inside Trumpworld A14

OPINION

How China Took Latin America – The Inter-American Development Bank opened doors all over the region for Beijing. A15 You’d Be Stupid Not to Evaluate Risk A15 Why I Support Reform Prosecutors A15 ‘Endless Forms’ Review: Stinging Reputation A15 The Schumer-Manchin Tax Increase on Everyone A16 Stop Classroom Learning, Lose Students A16 Are Democrats Worth Their SALT? A16 Politics and the Future of Medical Education A16 Biden’s Blame-Game Dereliction A16 Hydrogen Energy Is the Rube Goldberg Device of Decarbonization A16 What a Deal Means to Vladimir Putin A16 Tolkien Wrote the Bible of Our New Myths A16 Moderation Is the Winning Pro-Life Strategy A16 Biden’s Climate Plans Are Unsustainable A17 Antitrust Attacks on Private Equity Hurt Consumers A17

BUSINESS & FINANCE

Individual Investors Ramp Up Bets on Tech Stocks – The Nasdaq Composite Index has fallen 21% in 2022. Yet many of its biggest stocks remain popular among individual investors, who say they expect the companies to continue powering the economy. B1 JPMorgan Is Building a Giant Travel Agency B1 Silicon Valley Lurches Between Deep Cuts and Bold Spending B1 Auto Makers Expect Car Sales to Defy Economic Gloom B1 Crypto Prices Crashed, but True Believers Are Holding On B1 A Banana Boat Sunscreen Spray Was Recalled Due to Presence of Carcinogen Benzene B2 The Moment These Influencers Turned on Daily Harvest B3 Defense Companies Hurt by Staffing Shortages Amid Growing Weapons Demand B3 Boeing Makes New Offer to St. Louis-Area Workers, Delaying Strike B3 Climate Bill Stands to Give Green-Energy Investors a Lift B4 Starbucks, Uber, CVS to Report Earnings Amid Shrinking Economy B6 The Power of Positive Thinking Returns to Markets B9 Farm Giants Expect Continued Food-Supply Problems Despite Ukraine Grain Deal B9 Market for Stakes in Private-Equity Managers Resists Broad Slowdown B9 Exxon Skips Its Victory Lap B10 Payments Companies Don’t Mind If You Buy Generic B10

THE JOURNAL REPORT

Black and Hispanic Employees Often Get Stuck at the Lowest Rung of the Workplace – A new comprehensive survey by McKinsey suggests that companies’ diversity efforts have largely missed the employees who stand to gain the most from them. R1

Seven Things You Should Know to Understand the Supply Chain R1

Companies Increase Efforts to Recruit Black Remote Workers to Diversify Their Workforce R4

Black Professionals Say Workplaces Have Changed Since George Floyd—but Not Enough R6

Is There a Relationship Between High CEO Pay and Corporate Effectiveness? R7

In Crowdfunding Campaigns, Being a Woman Might Be an Advantage R7

Inside Ferrari’s Plan to Enter the Electric-Car Market R8

For Entrepreneurs Looking to Raise Money, It Pays to Turn to Their College Alumni Network R8