US-Iran escalation, Blanche grilled, Argentina v Spain and PayPal

US-Iran escalation, Blanche grilled, Argentina v Spain and PayPal

July 16, 2026 · 11 min

About this episode

The episode discusses escalating tensions between the U.S. and Iran, a Senate hearing for Todd Blanche, Argentina's victory in the World Cup, and a major acquisition offer for PayPal.

The U.S. turns up the heat on Iran with fresh strikes on coastal defenses as Tehran calls it an "existential war." President Donald Trump's pick for U.S. Attorney General – Todd Blanche – has a bruising Senate hearing. Argentina breaks English hearts again to reach the World Cup final. Stripe and Advent offer $53 billion to buy PayPal. And SpaceX shares sink below their IPO price, putting its $2 trillion valuation in doubt. Listen to the Morning Bid podcast ⁠⁠here⁠⁠. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Guest: Todd Blanche

Topics covered

Keywords

Mentioned in this episode

Organizations: Reuters, Stripe, Advent, SpaceX

Products: PayPal

Places: Iran, Argentina, Spain

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