A.M. Edition for July 25. Middle-class Chinese consumers are reining in their spending amid broader economic malaise in the country. WSJ luxury goods reporter Nick Kostov) says that’s denting earnings across luxury-goods) brands, but that the industry is doubling down on its efforts to attract customers there. Plus, President Biden signals he has more work to do) despite ending his reelection bid. And the NBA inks landmark TV and streaming deals). Luke Vargas hosts.
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