The U.S. and European Union have finalized a trade agreement under which Washington will cut tariffs on European imports from 30% to 15%. In return, the EU has committed to buying $750 billion worth of U.S. energy and investing an additional $600 billion in the American economy by 2028. European Commission President Ursula von der Leyen said the deal brings “stability and predictability” for European businesses and consumers.

TECH + INNOVATION

John Doran — who previously oversaw European investments in Spotify, Netflix, and Zillow for TCV — is moving to San Francisco to lead the growth equity firm’s U.S. operations. The city’s AI startup boom has reignited its tech scene, though the crowded market is proving competitive for investors such as TCV, which manages $22 billion in assets.