The Tech Company That Rejects 99.9% of Job Applicants

SPEAKER_1 (0:00)

People are building things here in America again, and this moment calls for the best of America, our people. Introducing America's Workforce Academy, built by Meta. A program helping to train the next generation of welders, fiber installers, crew leaders, and more. Paid training, a job, and a path to America's future. Because the future is for everyone.

Learn more at meta.com/america'sworkforceacademy.

Daniel Bach (0:33)

Oil prices continue to climb as fresh US attacks on Iran end hopes of a quick resolution to the war. A federal immigration officer kills a man in Maine, the second deadly shooting in a week.

And New York moves to ban the construction of data centers as the AI backlash grows.

SPEAKER_3 (0:50)

Any data center that's here has to cover the cost of their own energy. We just talked about the high cost of energies.

It's not fair to rate payers in our state. They have to have a higher cost because of a data center coming in.

Daniel Bach (1:04)

It's Tuesday, July 14th. I'm Daniel Bach for The Wall Street Journal, filling in for Luke Vargas. And here is the AM Edition of What's News, the top headlines and business stories moving your world today.

The US launched its third consecutive night of strikes on Iran after President Trump announced a multi-day wave of attacks and a renewed blockade in the Strait of Hormuz. The restart of fighting in recent days and fresh block on Iranian shipping sent US crude futures up nearly 10% yesterday, wiping out a month of dropping oil prices that came after Washington and Tehran signed their Memorandum of Understanding to wind down the war. Journal foreign correspondent Giorgy Kanchev says oil markets and Middle East producers now appear to be aligning around a new reality.

Giorgy Kanchev (1:50)

Now there's a realization here that the Strait of Hormuz may no longer be expected to return to this kind of pre-war norm. And so for oil market and for participants and for countries in the Gulf, the question becomes how do you adapt? And for countries around the Gulf, that means building pipelines and other ways to bypass the strait. And for oil markets, it's pretty clear that the prices will have to rise because big chunk of the world's oil supply is still a question mark.

Daniel Bach (2:19)

The president has also said the US would strike Pickaxe Mountain, a fortified underground nuclear site in Iran yet to be targeted since the war began in late February. Yesterday, the White House sent a letter to Congress saying it had resumed hostilities with Iran on July 7th, restarting a 60-day clock where the US can go to war with Iran without approval from lawmakers.

Authorities in Maine say a federal immigration officer fatally shot a man during an enforcement operation yesterday in the coastal town of Bideford. The Department of Homeland Security said DHS and Immigration and Customs Enforcement officials tried to stop a person fleeing the scene in a car when an officer who was fearing for public safety discharged his weapon. According to two immigration rights organizations in Maine, the 26-year-old man from Columbia had valid work authorization documents. Speaking to CNN, Maine Independent Senator Angus King said the man was not the target of the operation and said DHS needed to explain why officers were not wearing body cameras.

Angus King (3:23)

And that's what really the investigation is all about. What were the facts? Did this young man actually try to run over an ICE agent or was he in danger of running over other people in the street?

And was there a reasonable expectation of bodily harm or deadly force to justify this shooting?

Daniel Bach (3:42)

King told reporters that he had spoken with Homeland Security Secretary Mark Wayne Mullen, who assured him the investigation would be full, fair, and transparent. The shooting comes less than a week after federal immigration officers shot and killed a man in Houston who DHS initially said had tried to weaponize his vehicle. The man had lived in the US for more than 35 years and was also not the target of the enforcement operation. At the same time, officials in the Minneapolis area said yesterday the state's top investigating agency had taken custody of evidence related to the shooting death of Renee Good by an ICE officer in January, including her vehicle and other physical evidence that they said was originally kept from state investigators.

America's data center developers are ready to cash in on the AI boom. We're exclusively reporting that data center builders and operators across the US are working with bankers to sell majority equity stakes worth tens of billions of dollars this summer. Here's M&A reporter Ben Dummett.