After Israel threatened to cut ties between Israeli and Palestinian banks, Treasury Secretary Yellen warned it could worsen the humanitarian crisis in Gaza and create economic instability in the West Bank. We’ll also explain one reason why U.S. military spending is so high, get updates on the AI economy’s hot shot, Nvidia, and the U.S. government’s battle against Big Ticket.

Here’s everything we talked about today:

• • “Yellen Warns Israel Against Cutting off Palestinian Banks” from The New York Times
  • “Yellen concerned about Israel’s threats to cut off Palestinian banks” from Reuters
  • VIDEO: “VIRAL MOMENT: Michael Waltz Confronts Air Force Officials With Staggeringly Expensive Components” from Forbes Breaking News
  • “Pentagon falling victim to price gouging by military contractors” from CBS News
  • “New Bipartisan Bill Allows Military Contractors To Fleece Taxpayers” from The Lever
  • “Nvidia dominates in AI, but others are trying to chip away” from Marketplace
  • “US sues to break up Ticketmaster and Live Nation in a groundbreaking monopoly lawsuit” from CNN Business

Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks and play a round of Half Full/Ha

Red Lobster, the popular seafood chain, filed for Chapter 11 bankruptcy protection this week after closing dozens of locations. We’ll get into the company’s yearslong troubles and why its unlimited shrimp deal isn’t entirely responsible for the chain’s downfall. Then, we’ll discuss the challenges of battling misinformation in today’s fractured media landscape. Plus, WNBA players are slaying designer looks and defying stereotypes of women in sports.

Here’s everything we talked about today:

• “Tales From the Trenches of Red Lobster’s Endless Shrimp.” from Slate
• “Why Red Lobster Filed for Bankruptcy: It Wasn’t the Endless Shrimp” from Eater
• “As Red Lobster files for bankruptcy, changing tastes take a toll on its casual-dining competitors” from Marketplace
• “Majority of Americans wrongly believe US is in recession – and most blame Biden” from The Guardian
• “How Arizona is preparing for AI-powered election misinformation” from Marketplace
• “The WNBA Has Teamed Up With High Fashion. It’s a Slam Dunk” from The Daily Beast
• “General election latest: Rishi Sunak announces 4 July vote in Downing Street statement” from BBC
• Video of UK Prime Minister Rishi Sunak announcing general election from Oz Katerji on X

We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Over the last 50 years, an ideology known as neoliberalism has transformed the American economy — for better or worse. The concept is often associated with Ronald Reagan, free markets and deregulation. But legal scholar Mehrsa Baradaran says there’s a lot we get wrong about the origins of neoliberalism and its true impact on society. On the show today, Baradaran, author of the new book “The Quiet Coup: Neoliberalism and the Looting of America,” explains what neoliberal ideology promised to do for the American economy, what it actually did and why she believes that looking to the free market might, ironically, be the only way forward.

Then, why actress Scarlett Johansson isn’t cool with OpenAI’s new chatbot. And we’ll hear the sounds of cicadas!

Here’s everything we talked about today:

• “Opinion | The Neoliberal Looting of America” from The New York Times
• “What is neoliberalism? A political scientist explains the use and evolution of the term” from The Conversation
• “Opinion | Time is up for neoliberals” from The Washington Post
• “Learning how to use AI could boost your pay by 25%, study finds” from CNN Business
• “Scarlett Johansson says OpenAI chatbot voice ‘eerily similar’ to hers” from Reuters

We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.