Economic coercion is essentially economic bullying. And later this week at the Group of Seven summit in Japan, the U.S. and its allies are expected to tackle this problem. There are many examples of this form of economic retaliation, and recently China’s economic policies are under scrutiny. We speak with someone whose jobs it is to address these international economic issues, U.S. Trade Representative Katherine Tai. Plus, we look at the Biden administration’s latest challenge to a big corporate merger, this time in the pharmaceutical industry.

From the BBC World Service: As the ChatGPT creator warns of the dangers of artificial intelligence, we hear from a European lawmaker involved in drawing up the world’s first comprehensive AI legislation. He thinks the U.S. will follow suit. And, we look at how Welsh soccer club Wrexham has fared under the ownership of American actors Ryan Reynolds and Rob McElhenney. They’ve helped turn the club’s fortunes around and have become the poster boys for U.S. investment in European soccer.

There are multiple congressional hearings underway today to take a look back at what happened with the failures of Silicon Valley Bank and Signature Bank earlier this year. In the Senate, we’re hearing from former executives of those banks. In the House of Representatives, the Federal Reserve’s top banking watchdog and other regulators are speaking. Also today: we have the latest data on retail sales. How are consumers holding up? And lastly, why you might be paying more for flood insurance.

Generative artificial intelligence has gripped the world’s imagination with its potential to disrupt our economy and way of life. The Senate is tackling that today in a hearing which includes the chief executive of OpenAI. Plus, add up everything all of us consumers in this country owe and you will get … a bill of more than $17 trillion. What can this household debt number tell us about where the economy’s headed? And, a change to Medicare that Congress is considering which could save the federal government as much as $150 billion over a decade.

From the BBC World Service: The European Union has given the green light to Microsoft’s $68 billion acquisition of Call of Duty-maker Activision Blizzard. Meanwhile, the U.K. antitrust regulator is standing firm on its view the transaction will be bad for consumers, and it’s still being challenged in the U.S. Plus, telecommunications giant Vodafone is cutting 10% of its workforce after missing targets. And, the Sudanese film industry has reached a major milestone: a movie from the country has made the official selection at the Cannes Film Festival for the first time.

Or maybe we should be asking how it’s continuing to play a role in voters’ decisions. The presidential election in Turkey is, after all, headed to a runoff after no candidate was able to secure at least half the vote. We check in with reporter Victoria Craig in Ankara for the latest, including how the candidates are approaching the economic situation in Turkey. Plus, a new Marketplace podcast looks to break down the basics about money and financial literacy, lessons we should all get when we’re younger but often don’t. The show is called “Financially Inclined.”

They’re not exactly household names, but ONEOK and Magellan Midstream Partners are coming together in a deal valued at nearly $20 billion to create a behemoth in the energy industry. The deal will give ONEOK, which transports natural gas, a new role in the oil business. Plus, we use the news of a big Peloton recall to look at where the company is headed next. And, China’s government says it is open to foreign investors and businesses now that it has declared victory over COVID. But foreign businesses aren’t quite so sure they’re really welcomed.

From the BBC World Service: Turkey’s President Recep Tayyip Erdoğan is leading the presidential election, but he’s just shy of winning a key 50% of the vote. That means a runoff with opposition candidate Kemal Kılıçdaroğlu is expected in a few weeks. Victoria Craig joins us from Ankara for more. Plus, the BBC’s Leonardo Rocha reports on Argentina as it raises interest rates to 97%. And, China announces a raft of measures aimed at encouraging couples to have children.

The civil conflict between rival military factions in Sudan has carried a big human cost thus far — over 600 people have died so far, according to the UN. Some knock-on effects of the conflict are also appearing in the global economy. We chat with the BBC’s Will Bain about how the global supply of gum arabic, a raw material used in a bevy of consumer products, is at risk. And, we check in with Christopher Low, chief economist at FHN Financial, on how people in financial circles are reacting to the debt ceiling fight in Washington.