Writing the summary…
Trump Account contributions have a Dec. 31 deadline — and employers can complicate the math
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Iran war has cost on average $246 million per day in its first five months, CBO finds
The Congressional Budget Office calculated the Defense Department's Iran war cost through Aug. 1 at $38.1 billion.
CNBC
Trump says Kennedy Center will stay closed without renovation unless his name is added back
The ruling comes four months after the same judge ordered that the Kennedy Center could not be renamed to include President Trump's name.
BBC Business
US borrowing costs hit highest level since 2007
The effective interest rate on US government bonds over 10 years, known as the 10-year Treasury yield, has risen as high as 5.04% but has eased back since.
CNBC
Senate cloture vote on Clarity Act fails, dealing regulatory blow to crypto industry
The Senate on Tuesday voted to block the Clarity Act from advancing, dealing a blow to the crypto industry's push for a comprehensive market framework.
CNBC
OpenAI, Google, Anthropic discussing collaboration on AI safety issues
Discussions have been ongoing since Google's Demis Hassabis released a proposal in July calling for a U.S.-led "Standards Body," the spokesperson said.
CNBC
Wells Fargo sees improvement in a key metric — plus, Lilly gets praise beyond GLP-1s
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.