Nike's shares plunged 20% after predicting a 10% sales decline due to weak consumer trends and slow China sales. Meanwhile, Nvidia's stock surged 149% amid the AI boom, but Federal Reserve interest-rate cuts are delayed amid market growth. The FTC blocked Tempur Sealy's $4 billion acquisition of Mattress Firm due to competition concerns. The Biden administration proposed heat protection rules for 36 million workers, while Disney and Pixar's "Inside Out 2" became the fastest animated film to reach $1 billion at the global box office, aiding Pixar's recovery post-pandemic.

Nike shares drop (CNBC)

Halftime report (WSJ)

FTC unanimously moves to block $4 billion merger of mattress giants (CNN)

U.S. workplace safety agency proposes protections from extreme heat (Reuters)

“Inside Out 2” tops $1 billion at the global box office (CNBC)