These are the headlines you Need2Know:
* **Western Wildfires Grow Deadly:**
At least 16 active and a dozen contained fires have engulfed the state of California. The blazes range from mild to deadly, and some have even spread to as many as nine neighboring states. Check out the striking photos [here](http://www.latimes.com/local/lanow/la-me-ln-carr-fire-20180726-story.html).
* **Tweets, Trouble, Trump:**
Special Council Robert Mueller thinks President Trump's tweets may support an obstruction of justice case. Mueller objects, most notably, to Trump's criticisms of Attorney General Jeff Sessions and former FBI Chief James Comey. In typical fashion, Trump responded to Mueller on Twitter. More on Trump and the latest [scandal](https://www.nytimes.com/2018/07/26/us/politics/trump-tweets-mueller-obstruction.html).
* **Thousands of Immigrant Children Returned to Parents, But Many Still Separated:**
The White House reported Thursday night that more than 1,800 immigrant children were reunited with their parents on Deadline Day. Nevertheless, a little over 700 children remain in custody. A federal judge will stage a hearing Friday to determine whether the Trump Administration honored its promise. For more on this story, [click here](https://www.usatoday.com/story/news/nation/2018/07/26/feds-race-against-clock-reunify-immigrant-families-caught-border/844107002/).
* **Papa John Sues Papa John's**
The company’s former CEO John Schnatter filed a lawsuit against the pizza chain on Thursday, asking for access to company files. On July 11, [reports](https://www.forbes.com/sites/noahkirsch/2018/07/11/papa-johns-founder-john-schnatter-allegedly-used-n-word-on-conference-call/#483fa4224cfc) surfaced that Schnatter used a racial pejorative during a conference call. Schnatter still owns over 20 percent of the company but resigned as CEO and was removed from all marketing after the scandal. For more on this story, check out [CNNMoney](https://money.cnn.com/2018/07/26/news/companies/papa-johns-lawsuit-john-schnatter/index.html).
Cheddar's Jill Wagner gets into the latest.
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Alex Gladstein, Chief Strategy Officer for the Human Rights Foundation, joins Closing Bell, where he explains where tech experts are getting it wrong when they call crypto risky and unproven. He also stresses the importance of crypto and points to how Ukraine was able to use Bitcoin during the onset of the Russian invasion.
API platform RapidAPI recently became a unicorn with a $1 billion valuation after raising $150 million in a Series D funding round led by Softbank Vision Two Fund. Microsoft's Venture Fund, M12, and Andreessen Horowitz also participated. RapidAPI says it provides the world's largest API hub which enables millions of developers and companies to build software faster. Iddo Gino, founder and CEO of RapidAPI, joins Cheddar News' Closing Bell to discuss.
The PGA Tour has announced that it will suspend players that are competing in the LIV Golf event that teed off today. At least 17 players, including names like Phil Mickelson, Dustin Johnson, and Sergio Garcia are banned from the PGA Tour competition. Hilary Fordwich, a business analyst and golf expert, joined Cheddar News to discuss why the PGA had to go this route. This is a threat to the future of golf for them, and there's been many contentions about them not being fair and that this is vindictive," she said. "Don't forget, of course, they represent sort of a monopoly in the history of golf. So you've got two sides to this story. You've got those the purists, those that feel that golf should only be a certain way and that there are only these limited events that the PGA puts on. And then you've got other people who are saying … this is all about money"
Facebook parent Meta officially has changed it’s ticker symbol from ‘FB’ to ‘META’. Paul Meeks, a portfolio manager, Independent Solutions Wealth Management, and a professor of practice in the Baker School of Business at The Citadel, joined Cheddar News to discuss why the tech giant has had to make big changes to its name, its ticker, and its business plans. "When you see what's happening in digital advertising — and there was a slowdown there even before the threat of a recession, which could cause a even more drastic slowdown next year — they had to pivot," he said. Meeks noted he sees Facebook dominating in the metaverse space going forward — whatever that may end up being.
Sports merchandising company Fanatics announced it will be making trading cards featuring college athletes, a deal made possible by the NCAA's change to NIL rules for its players. Anchors Kristen Scholer and Ken Buffa break down the deal for Cheddar.
Catching you up on today’s top business headlines with household wealth falling in Q1 for the first time in two years, Meta officially changing its ticker symbol from ‘FB’ to ‘META’, and updates on Tesla.
The European Union has approved a 40 percent quota for women to sit on company boards. This comes as only 9 of the 27 EU member states have gender equality legislation.
Amanda Victoria, co-founder and CEO of Siponey, joins Cheddar News to talk about the company's canned cocktails. The spritz is made with only four ingredients — wildflower honey, aged rye whiskey, sparkling water, and fresh lemon juice.
