These are the headlines you Need2Know:
* **More Violence in Chicago:**
Police reported Monday that at least 63 were shot in the city over the weekend, 10 fatally. Officials said most of the violence was gang-related. For more on this story, [click here](http://abc7chicago.com/10-killed-53-wounded-in-chicago-weekend-shootings/3892234/).
* **Michael Jordan Sides With LeBron James Over Trump:**
Michael Jordan defended fellow basketball superstar LeBron James after President Trump seemed to question James's intelligence in a tweet posted Friday night. The president added, "I like Mike," in reference to Jordan.
James had criticized Trump for using sports to divide Americans. The First Lady Melania Trump had praised James for his charity work and offered to visit his I Promise School in Akron, Ohio. For more, check out [CNN](https://www.cnn.com/2018/08/06/politics/lebron-james-melania-trump-white-house/index.html).
* **CBS Under More Scrutiny:**
The executive producer of "60 Minutes," Jeff Fager, has extended his vacation pending results of an independent investigation of sexual harassment allegations at the news network. CBS said that Fager would not return to work on Monday as scheduled. For more, [click here](https://www.nbcnews.com/business/business-news/cbs-60-minutes-chief-delays-return-harassment-investigation-continues-n897806).
* **Donald Trump, Jr. Didn't Break the Law, Says Dad:**
President Trump said on Twitter that his son, Donald Trump, Jr., met with a Russian lawyer to gather dirt on Hillary Clinton during the 2016 presidential campaign. In his [tweet](https://twitter.com/realDonaldTrump/status/1026084333315153924), the president said he was unaware of the meeting at the time, and his son didn't violate any laws. For more, check out [NPR](https://www.npr.org/2018/08/06/635860399/trump-admits-his-son-met-with-russian-lawyer-to-get-dirt-on-clinton).
Cheddar's Jill Wagner gets into the latest.
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Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Federal Trade Commission has launched an inquiry into several social media and artificial intelligence companies about the potential harms to children and teenagers who use their AI chatbots as companions.
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
Ali Kashani, CEO of Serve Robotics, dives into their $63.3M acquisition of Vayu Robotics and how it's accelerating the future of autonomous delivery systems.
