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Situational awareness:

  • U.S.-China trade talks wrapped up in Beijing and Treasury Secretary Steven Mnuchin tweeted the meetings were "productive." Negotiations will continue next week in Washington, China’s Xi Jinping said. (Reuters)
  • The U.S. government and Facebook are negotiating a record, multibillion-dollar fine for the company’s privacy breaches. (Washington Post)
  • Warren Buffett's Berkshire Hathaway raised its stake in JPMorgan Chase and Bank of America last quarter, and became a major shareholder in 4 of the 5 largest U.S. banks. Berkshire also trimmed its stake in Apple by 1%. (Bloomberg)
  • President Trump's plan to declare a national emergency to fund his border wall will be met with lawsuits, House Majority Leader Nancy Pelosi said. It also will trigger votes in the House and Senate on the emergency declaration with some Republicans saying they may block it. (Bloomberg)

History: Pope Victor I was Bishop of Rome in the late second century, rising from what was then the Roman Province of Africa. He was a Berber, an ethnic group of native Africans from the northern portion of the continent, an area that includes present day Mali, Morocco, Niger and western Egypt.

Under Victor, Latin replaced Greek as the official language of the Roman church, and Victor himself wrote in Latin.

He was later declared a saint. His feast day is celebrated on July 28 as "Saint Victor I, Pope and Martyr."