• At least one person suffered non-life-threatening injuries after gunshots were reported near the spot where George Floyd was killed one year ago, a spokesperson for the Minneapolis Police Department said Tuesday
• The Associated Press earlier reported that as many as 30 shots were heard a block away from the intersection, known as George Floyd Square, causing bystanders to duck for cover

• Issues in the summit meeting are expected to include the ransomware attack on Colonial Pipeline and U.S. sanctions over the Kremlin’s treatment of Russian opposition leader Alexei Navalny
• The announcement comes less than a week after the Secretary of State Antony Blinken and his Russian counterpart, Sergey Lavrov held a cautious face-to-face talk in Iceland

• The United States Innovation and Competition Act of 2021 challenges Beijing’s growing technological power by supporting U.S. chipmakers and science research
• The wide-ranging, 1,400-page piece of legislation, slated to cost about $200 billion, is expected to pass the Senate within weeks
• The bill is the end result of bipartisan input from at least six Senate committees and reflects the many fronts in the U.S.-China rivalry, as well as the urgency of a global semiconductor shortage
• It would appropriate $52 billion to U.S. chip making efforts and $81 billion to overhauling the National Science Foundation

• More than two dozen groups representing U.S. businesses and employers unveiled a new coalition to fight against virtually every Democratic plan to raise taxes on self-described “job creators.”
• The coalition of 28 industry groups argues that hiking taxes on corporations will hamper the U.S. economy in the wake of the coronavirus pandemic.
• The alliance emerges in direct opposition to President Joe Biden, who is pushing trillions of dollars in spending on a slew of economy-overhauling projects, to be paid for in large part by raising rates on corporations and the richest Americans

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