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Welcome to The Hill’s Business & Economy newsletter

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Business & Economy

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The Big Story

Grassley raises alarm about soybeans, Argentina ‘bailout’

Sen. Chuck Grassley (R-Iowa) said Thursday that American farmers have been overshadowed and outsold by Argentinian soybean production, slamming President Trump for agreeing to soften the South American country’s economic hardship.

Argentina recently suspended its 26 percent export tax on soybeans, an opportunity used by China to purchase more than 1 million tons of the crop, according to Reuters.

“Why would USA help bail out Argentina while they take American soybean producers’ biggest market???” Grassley wrote in a Thursday post on social platform X.

“We shld use leverage at every turn to help hurting farm economy,” he added. “Family farmers shld be top of mind in negotiations by representatives of USA.”

In past years, the U.S. has been the No. 1 supplier of soybeans to China, which purchased more than half of all American soybean exports last year. But China has bought 51 percent fewer soybeans from the U.S. during the first half of the year, while soybean exports are down by 23 percent overall this year, according to The New York Times.

Read more here.

Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.

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Essential Reads

Key business and economic news with implications this week and beyond:

Former Trump antitrust chief joins Paramount after merger with rival

The head of the Department of Justice’s (DOJ) Antitrust Division during President Trump’s first term, Makan Delrahim, joined Paramount Global on Thursday after the company merged with rival Skydance two months ago.

Full Story

Democrats dismiss Trump budget office threats as shutdown edges closer

Democratic congressional leaders are dismissing a threat from the White House budget office to fire masses of federal workers during a government shutdown, saying they will not be intimidated into caving on their demands for talks on extending health care subsidies.

Full Story

Trump signs order to approve TikTok deal, avoid US ban

President Trump signed an executive order Thursday that approves a deal to keep TikTok available in the U.S. after months of uncertainty about the future of the popular Chinese-owned social media platform.

Full Story

Pokémon Co. ‘not involved’ in ICE raid video with theme song

The Pokémon Co. International said it was “not involved” in the creation of an Immigration and Customs Enforcement (ICE) raid video, adding it did not give the agency permission to use its intellectual property.