These are the headlines you Need2Know:
* **Possible Remains of U.S. Servicemen Killed in Korean War Arrive Home:**
Vice President Mike Pence oversaw a ceremony Wednesday in Hawaii as the possible remains of 55 soldiers killed during the Korean War were repatriated. It could take years to identify the soldiers: there was only a single set of dog-tags among the remains, which were mostly just bones. The return of the remains was the result of a promise North Korea's Kim Jong-un made to President Trump at their summit meeting in Singapore in June.
* **Trump Considering More U.S. Tariffs:**
President Trump has threatened to more than double tariffs on $200 billion worth of Chinese goods. Advisers reportedly told the President the increased tariffs would make Beijing more likely to negotiate on trade. But a Chinese official said they won’t respond to U.S. “blackmail.” For more, [click here](https://www.usatoday.com/story/news/politics/2018/08/01/donald-trump-threatens-more-than-double-china-trade-tariffs/882232002/).
* **Wildfires Burn California Towns and Government Pockets:**
As wildfires wreak havoc throughout Northern California, Governor Jerry Brown warned residents that these destructive fires are "the new normal." It will cost the state nearly $125 million to battle more than two dozen fires ragingーthat's more than a quarter of the state's annual firefighting budget. There’s also concern about the air quality beyond the areas of the fires. For more on the story, check out the [LA Times](http://www.latimes.com/local/lanow/la-me-ln-california-fires-20180801-story.html).
* **Ohio State Coach Urban Meyer Put on Paid Leave:**
With the football season set to begin soon, the university put its coach on paid administrative leave as it investigates what he knew about an alleged domestic violence incident involving Zach Smith, one of Meyer's former assistant coaches. Smith's wife Courtney spoke to Stadium. Watch her interview [here](https://twitter.com/WatchStadium/status/1024690700217200640).
* **The United States of Tweeting:**
The special counsel Robert Mueller plans to further investigate possible obstruction of justice in regards to President Trump's tweets. Trump called for Attorney General Jeff Sessions to end Mueller's investigation into possible collusion with Russia during the 2016 presidential campaign. Rudy Giuliani, the president's lawyer, said on Wednesday,
“we believe that the investigation should be brought to a close.” [Here](https://www.washingtonpost.com/news/the-fix/wp/2018/08/01/mueller-is-looking-at-trumps-tweets-for-obstruction-of-justice-and-trump-just-handed-him-more-potential-evidence/?utm_term=.c4eac57270cb) are some of Trump's tweets.
Cheddar's Hena Doba gets into the latest.
Subscribe to the Need2Know newsletter [here](https://theneed2know.com).
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
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.