Attention shoppers: Prices are rising on everything from gas to travel to groceries. Oil surged this week because of the war in the Middle East, gas prices followed suit, and now President Donald Trump has implemented a new round of tariffs on 60 U.S. trading partners just before his 10% global tariff expired. So how are businesses and consumers reacting? NBC News business reporter Allie Canal puts the economic volatility in perspective. Plus, the Tehran-backed Houthi rebels say they’re imposing a blockade on Saudi Arabia in the Red Sea. NBC News chief foreign correspondent Richard Engel explains why the move is coming now and how the new front in the war could impact the region. Finally, for basketball fans, the wait is over: NBA legend LeBron James says he’s joining the Philadelphia 76ers on a two-year, $8 million contract. NBC Sports play-by-play commentator Noah Eagle joins to break down why James made a big move — with a big pay cut — at what could be the end of his career.

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New York became the first state in the nation to enact a one-year moratorium on massive AI data centers last week. Gov. Kathy Hochul joins the show to explain why she’s not worried about missing out on an economic boom as a result — plus, her take on New York City Mayor Zohran Mamdani’s first 200 days. Meanwhile, data centers have been popping up across the country — and have become a controversial issue in many states. NBC News Chief Capitol Hill Correspondent Ryan Nobles visited Virginia’s Loudoun County to learn what life is like in “Data Center Alley,” which boasts the highest concentration in the world. Finally, even before Christopher Nolan’s “The Odyssey” became a massive hit, right-wing critics were attacking it online. NBC News Culture and Trends Reporter Angela Yang reveals why AI-generated versions of the ancient Greek epic are being created as part of the backlash.

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Defense Secretary Pete Hegseth says the Iran war has already cost over $37 billion, but some officials say that number is billions too low. Meanwhile, President Trump is escalating threats on critical Iranian infrastructure. NBC News national security and global affairs reporter Dan De Luce breaks down how the renewed attacks are impacting the Pentagon’s budget and whether the president’s threats could lead to more intense military action. Plus, House Republicans are racing to advance key policy items before heading out for their August recess. NBC News chief Capitol Hill correspondent Ryan Nobles breaks down why several of the GOP’s priorities are facing major roadblocks. Lastly, with an FDA advisory panel set to review seven peptides this week, NBC News medical contributor Dr. Kavita Patel joins to do some myth-busting about the drugs.

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