IN THE NEWS TODAY
President Trump is set to meet face to face with Russian President Vladimir Putin today on the sidelines of the G-20 summit. The conversation comes as Trump faces an investigation into his campaign's possible links to Russia. Trump tweeted this morning he looks forward to the meeting, saying there is "much to discuss." (CNBC)
* Trump aides' biggest worry about Europe trip: Meeting with Putin (NYT)
* Trump rebukes Russia in his strongest terms yet ahead of Putin meeting (CNBC)
South Korea's president says he's willing to meet with North Korean leader Kim Jong Un, even as he condemned the North's first ICBM test launch this week. During a speech ahead of the G-20 summit, President Moon Jae-in proposed the two Koreas resume reunions of families separated by war. (AP)
* The US is not interested in making any deals with North Korea right now. Here's why (CNBC)
A Hawaii federal judge denied a motion filed by the state seeking to limit the scope of President Trump's travel ban, parts of which were cleared to be implemented by the Supreme Court. The judge said in a ruling the Supreme Court is the proper venue to deal with the issue. (NBC News)
EU officials have started assembling a list of U.S. goods, including Kentucky bourbon, orange juice, and dairy products, to target for retaliation over President Trump's threat to limit steel imports due to national security concerns. (Financial Times)
The four Arab countries isolating Qatar are vowing to take additional steps against the Gulf state after it refused to accept demands over accusations it supports terrorism. Saudi Arabai, the UAE, Egypt and Bahrain said they will take "all necessary politics, economic and legal measures" against Qatar in a "timely manner." (AP)
Tesla agreed to build the world's largest lithium-ion battery storage project in South Australia. Tesla will team with partners to build the 100-megawatt battery farm, with CEO Elon Musk promising to deliver the system within 100 days of signing the contract or it will be free. (CNBC and AP)
Hackers are targeting the computer networks of companies that operate nuclear power and other energy facilities, as well as manufacturing plants in the U.S. and other countries, according to an urgent joint report issued by the Homeland Security and the FBI. (NYT)
STOCKS TO WATCH
Apple (AAPL) was sued by Qualcomm (QCOM) for patent infringement. The chip maker claims that Apple breached six Qualcomm patents that increase battery life, and it is asking for an import ban on certain iPhones as well as monetary damages.
Berkshire Hathaway (BRKB) is buying power-transmission company Oncor's bankrupt parent, Energy Future Holdings, for $9 billion in cash. This is Berkshire's biggest purchase since it bought Precision Castparts last year for $32 billion.
Mondelez (MDLZ) said second-quarter revenue growth would be cut by 3 percent from the recent global cyberattack, and that it would incur some one-time costs for both the second and third quarters. The snack maker does say that all of the affected systems are now up and running.
Nielsen (NSLN) is allowing TV networks to hide poor ratings for certain shows and on certain days by purposely misspelling show names, according to the Wall Street Journal.
Campbell Soup (CPB) is buying organic soup maker Pacific Foods for $700 million in cash.
The New York Knicks are trying to bring back Tim Hardaway Jr. The Knicks signed the guard to a four-year, $71 million offer sheet Thursday, agent Mark Bartelstein said. Hardaway is a restricted free agent, so the Atlanta Hawks will have two days to match the offer. (AP)