U.S. Treasury Secretary Scott Bessent announced "Operation Economic Outcast," sanctioning over 60 entities, individuals and vessels enabling Iran's nuclear, missile and oil revenue operations. However, Risk Journal reports the measures are unlikely to deliver a knockout blow despite President Trump threatening a "D-Day" level economic campaign against Iran for attacks on shipping in the Strait of Hormuz.

Separately, Argentine sports marketing executives Hugo and Mariano Jinkis will admit to bribing international soccer officials with tens of millions of dollars for marketing rights to valuable matches. The father and son co-owners will enter deferred prosecution agreements resolving Justice Department allegations filed more than a decade ago.

California Attorney General Rob Bonta accused Paramount of focusing on "the court of public opinion instead of the court of law" regarding its $81 billion acquisition of Warner Bros. Discovery. Bonta expressed confidence the lawsuit filed by 12 state attorneys general to block the merger will succeed.

Canada plans retaliatory tariffs of up to 50% on roughly 700 American products worth about $20 billion, affecting 7% of total U.S. imports. The levies take effect Sept. 8, designed to protect domestic companies and pressure President Trump ahead of November midterms. Meanwhile, Open AI data-center executive Chris Malone departed last week amid leadership exits ahead of a planned public offering.