The Wall Street Journal reports the USDA informed the White House of Walmart's (WMT.N) planned price cuts. On Monday Trump tweeted this was the result of government pressure. Minutes later Walmart announced it would cut prices on thousands of items to help consumers.

EIA Short-Term Energy Outlook forecasts global oil demand of 102.8 mln b/d in 2026, down from a prior 102.9 mln b/d estimate; and 104.8 mln b/d in 2027, down from a prior 105.3 mln b/d.

July 7 — Naohu Technology’s implantable brain–computer interface (BCI) hand motor-function compensation system, described as fully implanted, fully wireless and full-function, began a GCP registration clinical trial at Fudan University‑affiliated Huashan Hospital. The multicenter GCP trial will be run with 15 tertiary hospitals in Shanghai and other regions to evaluate safety and efficacy for compensating upper‑limb function in patients with tetraplegia from cervical spinal cord injury. The device is the first subdural cortical‑surface implantable BCI to enter China’s national Class III medical device registration clinical stage, marking a key step toward scaled clinical application of BCI technology in China.