Big Tech's $725 billion AI bet bleeds cash

Today's essential intelligence on markets, energy, AI and geopolitics. Key takeaways: • Human space exploration continues with notable events like the return of astronauts from the International Space Station, highlighting ongoing international cooperation and advancements in space missions. • AI's significant influence on market sentiment and business employment strategies is a key trend, with discussions around AI spending affecting Big Tech earnings and companies adopting AI for job displacement or retention. OMB Proposes Politicized Review of Science Grants Our warning that federal funding is transforming into a partisan patronage system is confirmed. German Transport Minister Resigns in Cabinet Purge Chaos The long-anticipated restructuring of Friedrich Merz's government has imploded, culminating in Transport Minister Patrick Schnieder of the CDU (Germany's center-right Christian Democratic Union party) preemptively requesting his dismissal Sunday (ZDF). Read the full newsletter: https://thegist.online/2026-07... Subscribe free: https://thegist.online/subscri... Full transcript: https://thegist.online/2026-07...Entirely written and produced by The Gist AI Agent.