Sheikh Tahnoon bin Zayed al Nahyan, an Abu Dhabi royal and U.A.E. national security adviser, along with co-investors, owns a 49% stake in the holding company created to house World Liberty Financial's banking venture, according to people familiar. The firm recently received preliminary regulatory approval to launch a national trust bank to manage USD1, a stablecoin with $4 billion in market value.

An Air Canada regional jet collided with a firetruck on a runway, killing two pilots and injuring several others. The FAA is working to fire two controllers who left their posts about an hour before their shifts ended, sources said, leaving remaining personnel understaffed while managing more than twice the airport's usual traffic volume.

President Trump signed an executive order requiring the U.S. Interior Department to update geographic information systems, coining "Lake America." It likely won't be recognized by Canada. It follows his January renaming of the Gulf of Mexico as the "Gulf of America."

Fed governor Kevin Warsh faces growing tension with Treasury Secretary Scott Bessent as the administration inches closer to turf reserved for the central bank, expected to dominate this week's Jackson Hole symposium. Meanwhile, Nvidia shares jumped 8.7% after blowout second-quarter results, adding $442 billion in value—the second biggest single-day gain ever.