Photo: Win McNamee/Getty Images

Less than three months after President Trump and European Commission President Jean-Claude Juncker agreed to negotiate a trade deal, talks between the two parties have stalled, mainly over the issue of "non-auto industrial goods," reports the WSJ.

The big picture: A European official told Axios' Jonathan Swan that in Trump’s private discussions at the United Nations, it became clear to his European interlocutors that Trump was still very much preoccupied by the U.S. trade deficit with the EU. They also got the impression that Trump remained fixated on automobile imports and thought this was his strongest point of leverage over his negotiating partners. The lack of progress in trade talks and the looming risk that Trump will introduce auto tariffs threatens to disrupt the world’s largest commercial partnership.

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BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.

Women-focused non-profit newsrooms surge forward in 2020

Illustration: Eniola Odetunde/Axios

Women are pushing back against the gender imbalance in media by launching their own news nonprofits and focusing on topics many traditional news companies have long ignored.

Why it matters: "The news business is already gendered," says Emily Ramshaw, co-founder and CEO of The 19th*, a new nonprofit, nonpartisan newsroom reporting at the intersection of women, politics and policy.

The U.S. is now playing by China's internet rules

Illustration: Aïda Amer/Axios

President Trump's crackdown on TikTok suggests that the U.S. government is starting to see the internet more like China does — as a network that countries can and should control within their borders.

The big picture: Today's global internet has split into three zones, according to many observers: The EU's privacy-focused network; China's government-dominated network; and the U.S.-led network dominated by a handful of American companies. TikTok's fate suggests China's model has U.S. fans as well.