Yellen to Address Interest Rates, Balance Sheet (WSJ) Stocks Rebound as Dollar Dips on Trump Revelations (BBG) Trump Jr.'s Russia emails could trigger probe under election law (Reuters) Trump Jr. Emails Fan the Flames of Russia Probe (WSJ) Trump’s Credibility Dealt Blow by His Son’s Emails (BBG) Kremlin 'has nothing to do' with Russian lawyer who contacted Trump's team (Reuters) Google Pays Professors to Boost Washington Influence (WSJ) Senators Explore Bipartisan ‘Plan B’ for Troubled GOP Health Bill (BBG) GOP Drops Tax Cuts for the Wealthy in Revised Health Bill (BBG) Giant iceberg breaks off Antarctica (Reuters) Mexico Oil Privatization Pays Off With Billion-Barrel Find (BBG) What Did Sheldon Adelson Get for His $200 Million? (BBG) Wray to Face Tough Questions in Hearing to Become FBI Chief (WSJ) China sends troops to open first overseas military base in Djibouti (Reuters) Venezuela’s Golden Boy Is Out of Jail. That May Be a Problem (BBG) Hotel Money Is Funding Anti-Airbnb Sting Operations (BBG) Miners Dig High to Hunt for the Most Valuable Diamonds (WSJ) Wal-Mart Will Punish Its Suppliers for Delivering Late — or Early (BBG) Trump Targets Local Tax Write-Off, But May Hit House Republicans (BBG) Paul Singer Could Finally Get Warren Buffett to Punch Back (BBG) One Game Warren Buffett Doesn’t Play: Chicken (WSJ) This Bartender Turned His Dining Room Into a Walk-In Liquor Closet (BBG) Overnight Media Digest WSJ - Paul Singer's Elliott Management is working on a rival offer that could put pressure on Berkshire Hathaway to raise its $9 billion bid last week for bankrupt Energy Future Holdings. on.wsj.com/2t2m0BR - U.S. President's eldest son and senior campaign aides attended a meeting last year to discuss allegedly incriminating information about Hillary Clinton they were told was being offered by the Russian government in support of Donald Trump's candidacy, according to emails Donald Trump Jr released Tuesday. on.wsj.com/2t2wuBb - Senate Majority Leader Mitch McConnell, ratcheting up the pressure on fellow Republicans, set a vote on the GOP health-care bill for next week and delayed the chamber's August recess to give the party time to seek other legislative wins, even if the health plan stalls. on.wsj.com/2t2yhWR - North Korea's recently tested long-range missile might not be able to survive the intense heat and vibration of re-entering the atmosphere, said South Korea's intelligence agency. on.wsj.com/2t2Ct95 - Twitter Inc tapped former Goldman Sachs and Intuit executive Ned Segal to be its new finance chief, as it addresses a list of vacancies created at the social-messaging company over the past year. on.wsj.com/2t2mk3x - Federal Reserve Chairwoman Janet Yellen heads to Capitol Hill on Wednesday to address the House Financial Services Committee in her twice-yearly Humphrey Hawkins testimony and to take questions from lawmakers. on.wsj.com/2t2uBnR NYT - Takata Corp has added a further 2.7 million airbags to the nation's largest automobile industry recall after a new hazard was detected in testing. nyti.ms/2ugWid9 - Pearson PLC is raising about $1 billion by selling almost half of its 47 percent stake in Penguin Random House. nyti.ms/2ugQQqB - Makers of cardiac defibrillators, insulin pumps, breast implants and other medical devices might be able to delay reporting dangerous malfunctions to the Food and Drug Administration under an agreement heading for a vote in Congress. nyti.ms/2tGWDUV - The United Auto Workers said a petition for a union election had been filed by employees at a Nissan plant in Mississippi with more than 6,000 workers. They asked for a vote within a month. nyti.ms/2tHdHKp - A coalition of American states, cities, businesses and investors are moving to uphold the United States' commitments under the Paris deal. nyti.ms/2tGTLr4 Canada The Globe and Mail ** Wildfires in British Columbia have forced the shutdown of several forestry operations in areas near the blazes, adding further uncertainty to an industry already hit by U.S. duties on Canadian softwood lumber. tgam.ca/2u3t291 ** The chairman of Swiss banking giant UBS AG is throwing his support behind Canada's plans to create a federal infrastructure bank, saying aspects of the plan could provide a "blue-print" for financing global investments. tgam.ca/2uhElLb ** Ottawa-based investment bank Sampford Advisors is expanding and hoping it can make a dent in the competitive Toronto market for mergers and acquisitions (M&A) advice. Sampford recently opened a Toronto office and is targeting private technology deals in the $10-million to $100-million range. tgam.ca/2t2Rd82National Post ** British Columbia wildfires are hurting the province's resource industry, forcing the closure of lumber mills, disrupting mining operations and threatening a natural gas pipeline. bit.ly/2sP0pIO ** Low fuel costs and a strengthening Canadian dollar are proving to be tailwinds for Canadian airlines, leading analysts to boost their earnings estimates ahead of next month’s quarterly results. bit.ly/2sP0CM6 ( Britain The Times *Pearson Plc has offloaded almost half of its holding in Penguin Random House in a complex transaction that means that the publisher can return 300 million pounds ($385.53 million) cash to shareholders. (bit.ly/2ufJmnF) *HSBC Holdings Plc has said that France's plans to loosen its employment rules make relocating there more attractive. (bit.ly/2tKYaHV) The Guardian *Britain's economy will lose momentum both this year and next as the squeeze on living standards caused by higher inflation outweighs the benefits for exports of a cheaper pound, Standard & Poor's has predicted. (bit.ly/2uMPa5e) *Lloyds Bank is to radically change the way it charges for overdrafts on its 20 million accounts, including those at Halifax and Bank of Scotland, in a move it claims will leave most customers better off – although one in 10 could pay significantly more. (bit.ly/2uOWv4c) The Telegraph *Discount fashion chain Store Twenty One, has gone into liquidation, resulting in the loss of 900 jobs. (bit.ly/2sNT3Fq) *Amec Foster Wheeler Plc is being investigated by the Serious Fraud Office over its dealings with Unaoil over possible bribery and corruption through payments to middlemen. (bit.ly/2u6qjvF) Sky News *Jamie Dimon, the chief executive of JP Morgan Chase & Co , says the scale of the bank's operations in London can effectively be decided by the EU after Brexit. (bit.ly/2uOF57T) *Marks & Spencer Group Plc Chief Executive Steve Rowe said his turnaround plan for the retailer was on track as its sales decline slowed in the first quarter and it scaled back discounting and end-of-season offers. (bit.ly/2tDm8Gr) The Independent *French bank Societe Generale could move 400 banking jobs from London to Paris as a result of Brexit, chief executive Frederic Oudea has said. (ind.pn/2t0HbnP) *German discount supermarket chain Aldi is creating 4,000 new jobs in the UK, a move that will deal a sharp blow to some of the UK's biggest retailers who have suffered from fierce competition for market share. (ind.pn/2tIWdLW)