💬 Quoted: “I think consumers have gotten to the point where they’re just not accepting it.”

• America’s historic inflation spike over the past three years appears to be winding down – and US consumers are a large part of that trend, according to economists. In recent weeks, some of the largest US companies (including Amazon, Disney, and Yum Brands) have said their customers are increasingly opting for cheaper products or services, and avoiding items they deem too expensive. Analysts say US consumer behavior appears to be returning to the pre-pandemic era, when most companies felt they couldn’t raise prices too swiftly without losing business. America’s economic situation will become clearer later this week, with July’s Consumer Price Index set for release on Wednesday, and last month’s retail sales data published on Thursday.

🎓🥇 Stat of the Day: Maryland has crabcakes and football. Stanford? Computer science and Olympic medals. The Palo Alto-based university took home 39 medals at the Paris Olympics – over 2x more than any other US school, and more than all but the top seven medal-winning countries (outpacing nations like the Netherlands, South Korea, Germany, and Canada). This summer continued a recent trend of Olympic excellence for Stanford, whose athletes earned enough medals to place 11th overall in the 2021 Tokyo Games and 10th in the 2016 Rio Games.

🤔 Did You Know? Young children have the capacity to grow back their fingertips following an amputation or accident.

📰 Worth a Read: The woman who left Britain to parachute into Nazi-occupied Poland → (BBC)