Can Perplexity’s Longshot Bid for Google Chrome Succeed?

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• 00:03

  President Trump calls for Goldman Sachs to replace its chief economist over his past predictions on the impact of tariffs.

• 00:10

  Plus, AI startup Perplexity makes a bid for Google's Chrome browser.

• 00:15

  Can it succeed?

• 00:16

  And the White House's goal behind its review of the Smithsonian Museums.

• 00:20

  They've really focused on any narrative that they deem to be partisan or anything that downplays their idea of American exceptionalism.

• 00:31

  It's Tuesday, August 12th.

• 00:33

  I'm Alex Osola for The Wall Street Journal.

• 00:35

  This is the PM edition of What's News,

• 00:38

  the top headlines and business stories that move the world today.

• 00:46

  Let's start with the latest data on U.S. inflation.

• 00:49

  New data from the Labor Department out today showed that consumer prices were up 2.7 percent in July from a year earlier.

• 00:56

  That was unchanged from June's gain of 2.7 percent and below the 2.8 percent rise that economists expected.

• 01:03

  Prices excluding food and energy categories,

• 01:06

  the so-called core measure economists watch in an effort to better capture inflation's underlying trend,

• 01:10

  rose 3.1 percent over the last 12 months, above forecasts for a 3 percent increase.

• 01:16

  For more on what this data means, I'm joined by WSJ economics reporter Rachel Wolf.

• 01:21

  Rachel, tariffs have been around for six months.

• 01:24

  I know that a lot of economists were watching this data to see if tariffs are having an effect.

• 01:29

  What are we seeing here?

• 01:31

  So in June,

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