The nine justices on the Supreme Court peaced out on summer vacation after wrapping up a hugely consequential term that’s sure to reshape the American political and business landscape.

Their most consequential ruling registered on the Richter scale in DC yesterday: In a 6–3 opinion along ideological lines, SCOTUS decided that former President Trump has some immunity from criminal charges that he tried to overturn the 2020 election results. The first-of-its-kind opinion stated that former presidents can be shielded from prosecution for actions that are core to their role as president, but not for unofficial actions as individuals.

• In the minority, the three liberal justices said their right-leaning counterparts had elevated the president into “a king above the law.”

It’s a victory for Trump: The ruling means that his trial over his alleged efforts to reverse the 2020 vote will head back to lower courts and likely not take place before the election in November.

Businesses are also giving SCOTUS a

In the last week, the Supreme Court has significantly curtailed the powers of federal regulators to put guardrails around companies.

Yesterday, also in a 6–3 decision, the justices opened the door for businesses to challenge more regulations in a debit-card “swipe fees” case stemming from a North Dakota convenience store’s lawsuit. That follows rulings last week which could limit the oversight of corporate watchdogs like the SEC and gut the power of government agencies to make rules, instead transferring authority to judges.

One business case SCOTUS didn’t have a definitive stance on: whether GOP-crafted laws in Florida and Texas that limit social media companies’ ability to moderate content were constitutional. The Supreme Court sent those cases back to lower courts for more deliberations. Still, for the first time, their opinion asserted that social media platforms have First Amendment rights alongside newspapers.

Bottom line: The Supreme Court’s conservative supermajority, which Trump assembled when he was president, have handed him and private-sector interests win after win.—NF

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Europe can’t stop penalizing US tech firms. The EU has charged Meta with violating its Digital Markets Act (DMA), a new law regulating digital platforms, through its “pay or consent” model. That model, which Meta introduced in November to comply with the DMA, allowed European users of Instagram and Facebook to pay for a subscription instead of seeing ads. The EU now says these options prevent users from consenting to the use of their personal data. Meta is the second US-based Big Tech company to be charged for violating the DMA, after Apple got the hammer last week.

Saudi Arabia is getting its first Trump Tower. The Trump Organization said it’s teaming up with a local developer to build a luxury high-rise tower in Jeddah, Saudi Arabia. The development marks the company’s first major project in the kingdom, and extends the Trump family’s business ties to Gulf countries despite concerns over conflicts of interest, should Trump regain the presidency. A $500 million five-star Trump International hotel complex in Oman is expected to open in 2028 with amenities like a golf course and a nightclub. And the Saudi-backed LIV Golf league has also paid the Trump family to host tournaments at their properties.

Here’s your chance to buy the Boston Celtics: Talk about selling high. The owners of the reigning NBA champs are looking to sell a majority stake this year or early next year, and it’s all but guaranteed to be the most expensive sale for an NBA team in history. The current record is $4 billion for the Phoenix Suns, which sold a piece of the franchise last year. The Celtics are currently valued at $5.1 billion, according to Sportico, and any sale in that range would be an epic haul for its existing owners, a group of investors who bought the team for $360 million in 2002.

Whomst among us hasn’t called up their ex in a moment of desperation?

Boeing isn’t above it. The crisis-ridden airplane manufacturer is paying $4.7 billion to buy Spirit AeroSystems, a supplier it had owned before spinning it off nearly 20 years ago. The company hopes that bringing Spirit back into the fold will help it improve the quality of its production as it faces an uproar over its safety culture.

Rewind to 2005: When Boeing spun off Spirit into its own company, it was symbolic of a broader strategy shift. The company moved to outsource more of its production to independent suppliers, like Spirit, to cut costs and juice profits, the NYT reports.

• The two kept in close touch: Spirit makes parts for the 737 Max, 767, 777, and 787. Last year, Boeing accounted for 64% of its revenue.
• But Spirit has its own quality control issues. It assembled the panel that blew off a flight on Jan. 5, sparking the dumpster fire Boeing finds itself engulfed in.

So this is going to be as awkward as a 20-year high school reunion. By buying Spirit, Boeing is taking on another small mountain of debt, while working to fix both itself and its troubled supplier.

Looking ahead…the Spirit deal comes as Boeing weighs a crucial decision this week: risk a trial or plead guilty over criminal fraud charges the DOJ is planning to bring.—NF

The Marketing Brew Summit is back for year three, and as you know, good things come in threes—Jonas Brothers, Powerpuff Girls, and seasons of Ted Lasso. Join Marketing Brew on September 12 in NY, where you’ll hear from industry leaders at Cava, Lyft, e.l.f., and many more on how forward-thinking brands leverage all the tools to stay ahead.

US golf cart makers, a group known for giving people a lift when they’ve consumed too many Transfusions in direct sunlight, are calling in a favor from the White House. The top two producers of golf carts in the country, Club Car LLC and Textron Specialized Vehicles Inc., asked the Biden administration to impose a 100% tariff on Chinese-made golf-carts they claim are undercutting their own tiny vehicles, Bloomberg reports.

Lawyers for the two companies claim Chinese carts and other low-speed vehicles, usually electric, are imported without the bells and whistles and then get souped up in the US to avoid higher tariffs. The US companies want the same 100% tariffs Biden slapped on cheap Chinese EVs to apply to those rolling around the fairways.

In the companies’ filing with the US Trade Representative’s office, they note that imports of Chinese carts and similar little beep-beepers jumped from $148 million in 2020 to $916 million in 2023.

Speaking of quirky foreign roadsters…American farmers and outdoor enthusiasts just can’t get enough of the cheap, tiny Kei truck. Kei exports from Japan to the US have more than tripled since 2019, according to the Japan Used Motor Vehicle Export Association.—MM

No one exactly knows how strawberries and cream became the signature dish of Wimbledon, but that hasn’t stopped people from stuffing their faces with the sweet treat. Spectators at the tennis tournament, Europe’s single largest annual catering event, will aim to beat last year’s more than 50 tons of strawberries and nearly 15,000 liters of cream consumed over two weeks.

It won’t break the bank, either, because strawberries and cream is England’s version of Costco’s hot dog-and-a-soda combo. The price hasn’t budged from £2.50 since 2010.

Wimbledon began yesterday and runs through July 14.