A.M. Edition for July 10. Under antitrust scrutiny on both sides of the Atlantic, Microsoft says it’s stepping away from its observer role on OpenAI’s board that was part of a larger tie-up between the firms. Plus, senior U.S. intelligence officials say Moscow has launched a ‘whole of government’ effort to influence the presidential election. And WSJ markets reporter Hardika Singh and finance editor Alex Frangos unpack investor sentiment heading into earnings season after Jerome Powell inched the Federal Reserve closer to cutting rates. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices