Amazon CEO Jeff Bezos. Photo: Reed Saxon / AP

"Hollywood Glory Eludes Amazon," the Wall Street Journal's Ben Fritz and Joe Flint write on the front page:

  • What's new: "Amazon Studios has been stumbling when it comes to producing content that attracts audiences and buzz. The Hollywood arm of the online giant is pivoting away from dramas for adults but is struggling to define a new strategy."
  • What happened: "It has alienated high-profile content creators, who say executives have proven incapable — or unwilling — to smooth out conflicts that inevitably crop up during the shooting of a television show."
  • What's next: "Amazon Studios is taking steps to get back on track, such as developing shows intended to be more globally popular, cutting back children's programming and considering new leadership in its film unit."

P.S. "Wal-Mart Gets Back on the Growth Track: E-commerce is helping the retailing giant jump-start stalled revenue and profit growth," by Barron's Jack Hough:

  • "[T]here have been a string of ... acquisitions, experiments, and musings that are out of character for Wal-Mart ... Some seem out there, like having store employees deliver packages on their way home."
  • "Groceries are more than half of U.S. revenue, making Wal-Mart the country's largest grocer. ... The company ... has stores within 10 minutes of 90% of the U.S. population."
  • Why it matters: "None of this would matter if business at Wal-Mart's stores was deteriorating. But same-store sales have increased for 12 straight quarters."
  • Free link for Axios readers. Thank you, Barron's!

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Photo illustration: Sarah Grillo/Axios. Photo: Roy Rochlin/Getty Images and BRENDAN SMIALOWSKI/AFP via Getty Images

If you want to understand the rhetorical roots of Trump's Independence Day speech at Mount Rushmore, go back and watch Tucker Carlson's monologues for the past six weeks.

Between the lines: Trump — or rather his speechwriter Stephen Miller — framed the president's opposition to the Black Lives Matter protest movement using the same imagery Carlson has been laying out night after night on Fox.

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Illustration: Aïda Amer/Axios

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  3. States: Photos of America's pandemic July 4 ICU beds in Arizona hot spot near capacity — Houston mayor warns about hospitals
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
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  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
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Bolton's hidden aftershocks

Photo illustration: Sarah Grillo/Axios. Photo: Justin Sullivan/Getty Images

The news media has largely moved on, but foreign government officials remain fixated on John Bolton's memoir, "The Room Where It Happened."

Why it matters: Bolton's detailed inside-the-Oval revelations have raised the blood pressure of allies who were already stressed about President Trump's unreliability.