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Thirteen socialists walk into a West Virginia bar.

It's a Saturday evening in early July, and the North Central West Virginia chapter of the Democratic Socialists of America is getting together at a brewery outside of Rivesville.

Everyone here has their own stories for how they came to socialism. For chapter co-founder Kelley Rose, a 36-year-old who works for a nonprofit helping young adults stay in school and find jobs, religion played a big part.

Australia's Fairfax Media, publisher of The Sydney Morning Herald and The Age, has agreed to a US$3 billion merger with Nine Entertainment Co. – a deal, if approved, that would create a multi-platform empire amid concerns over the country's rapidly consolidating media market.

Adam Smith, the father of economics, had a problem. He believed in the wisdom of markets--that the free market would always settle on the best price for something. That price would be an expression of how valuable that item was. The problem: diamonds are more expensive than water and water is more valuable to us than diamonds.

We talked to Linda Yueh about the paradox and Smith.

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Updated at 6:54 p.m. ET

President Trump and European Commission President Jean-Claude Juncker said Wednesday that they have agreed to work toward removing all trade barriers between the two sides.

In a Rose Garden announcement, Trump said the EU had also agreed to buy U.S. soybeans, a day after he announced a $12 billion bailout package for farmers hit by retaliatory tariffs. Trump said the EU will also become a "massive buyer" of U.S. liquefied natural gas.

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President Trump is cutting deals with the European Union this afternoon. In a joint appearance in the Rose Garden, President Trump and European Commission President Jean-Claude Juncker announced some agreements on trade.

The future is here and soon it will be toting grocery shoppers around Phoenix.

Walmart and Waymo — formerly Google's self-driving car project — announced on Wednesday the launch of a pilot program that will allow consumers to make their grocery pickups with the help of an autonomous vehicle.

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Updated at 5:00 p.m. ET

In a blow to President Trump, a federal judge says a lawsuit that alleges Trump's business interests violate the Constitution can proceed.

Federal District Judge Peter Messitte denied the Department of Justice's request to dismiss a case brought by the attorneys general of Maryland and the District of Columbia. The Emoluments Clause bars any president from personally profiting from his dealings with foreign governments — or even U.S. state governments.

Sergio Marchionne, who led Fiat Chrysler to prosperity in the face of a stubborn recession and a host of other challenges, has died. He was 66. Just days ago, he stepped down from his role leading one of the world's largest car companies because of health problems.

Fiat Chrysler rushed to name a new CEO last weekend after it became clear that Marchionne would not be able to return to work. The widely admired executive had suffered complications from shoulder surgery, and his health rapidly deteriorated. He died at University Hospital in Zurich.

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