Good morning, and happy first Sunday of summer. Here’s what you need to know in business and tech news for the week ahead.
What’s Up? (June 20-26)
‘We Have a Deal’
A bipartisan infrastructure bill is moving forward. The new legislation is a very stripped-down version of the $2 trillion proposal Mr. Biden put forth in March, but he celebrated it as a starting point. It still features some of his cornerstone programs, like funding for broadband expansion, rail projects, public transit, electric vehicles, road and bridge repairs, and water, sewer, power and environmental remediation projects. The total price tag: $579 billion over eight years. To help pay for itself, the bill would bump up enforcement measures by the Internal Revenue Service to reduce tax evasion by corporations and the wealthy.
Payday for Student Athletes
The U.S. Supreme Court ruled unanimously on Monday that the N.C.A.A., which sets the rules for college sports,…