Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story  Deloitte draws fire from Trump allies over leak Allies of former President Trump are targeting Deloitte after the revelation that one of its employees shared private conversations with Sen. JD Vance (R-Ohio) from 2020 in which the vice presidential candidate criticized Trump.  © Getty Images Donald Trump Jr., who identified the individual as Deloitte employee Kevin Gallagher, suggested that Republicans reevaluate the government’s nearly $3 billion in contracts with the consulting firm.  Deloitte noted in a statement that it is a nonpartisan firm and that Gallagher “shared private personal messages on his own volition without the knowledge of Deloitte.”  “Deloitte is deeply committed to supporting our government and commercial clients and we have a long track record of doing so across parties and administrations,” the company added.  The saga began shortly after The Washington Post published Vance’s direct messages from 2020 in which he criticized his now running mate.  Vance reached out to Gallagher on X, then known as Twitter, in October 2019 to praise an essay he had written, leading to a series of messages between the two over a stretch of 11 months, the Post reported after Gallagher’s identity had been revealed.  Gallagher said he was a consultant working with investment managers during the nearly yearlong conversation with Vance but did not mention Deloitte, according to the Post.  Kedric Payne, vice president, general counsel and senior director of ethics at the Campaign Legal Center, said it is “clear” a government contractor like Deloitte would not lose a government contract under the circumstances.  “It’s possible that those who are bringing this clearly realize that there are no legal grounds for it, but they’re just trying to discourage anyone from making comments because they think their job might be in jeopardy,” Payne told The Hill.  The Hill’s Julia Shapero has more here.   Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.   Did someone forward you this newsletter? 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Essential Reads  Key business and economic news with implications this week and beyond:   ‘Call Her Daddy’ podcast jumps into the political ring   Alex Cooper’s ultra-popular podcast, “Call Her Daddy,” usually features Hollywood celebrities, social media influencers or even therapists to discuss all things friendship, romance and mental health for millions of listeners each week.    Full Story   Taylor Swift is now the world’s richest female musician with $1.6 billion: Forbes It’s time to write Taylor Swift’s name atop the list of the world’s wealthiest female music artists — the “Shake it Off” singer is now in the No. 1 spot, according to Forbes.  Full Story   Benefits of Trump tax plans skewed toward wealthy: Analysis A new analysis of tax proposals put forward by former President Trump has found they would amount to tax cuts for the wealthiest Americans and tax increases for the majority of households.  Full Story   FTC antitrust case against Amazon moves forward, several state claims dismissed The Federal Trade Commission’s (FTC) antitrust case against Amazon will move forward, but several state claims against the e-commerce giant were dismissed, according to a newly unsealed ruling.   Full Story The Ticker  Upcoming news themes and events we're watching: Federal Reserve Governor Adriana Kugler speaks at the European Central Bank Conference on Monetary Policy in Frankfurt at 3 a.m. ET. The trade deficit for August will be released at 8:30 a.m. by the Bureau of Economic Analysis and the Census Bureau. In Other News  Branch out with more stories from the day: American Water, largest water utility in US, dealing with cyberattack The largest regulated water and wastewater utility company in the United States announced Monday that … Full Story Good to Know  Business and economic news we've flagged from other outlets: Why a key borrowing rate is above 4% again (CNN) Musk the surrogate: The tech titan will hit the campaign trail for Trump (Politico) Silicon Valley, the New Lobbying Monster (The New Yorker) What Others are Reading  Top stories on The Hill right now: Deloitte takes fire from Trump-Vance allies over leaked employee messages Deloitte has come under fire from close allies of former President Trump and Sen. JD Vance (R-Ohio) after one of its employees shared private conversations with Vance from 2020 in which the vice presidential candidate criticized Trump.  Read more Florida meteorologist chokes up talking about Hurricane Milton A south Florida meteorologist got emotional as he described the severity of Hurricane Milton, a Category 5 storm raging through the Gulf of Mexico on Monday that is expected to make landfall in the U.S. this week. Read more What People Think  Opinions related to business and economic issues submitted to The Hill: The imagined national debt crisis: A long-running distraction  Donald Trump’s tariff plan could bring us back to the 1930s  You're all caught up. See you tomorrow!