P.M. Edition for July 11. An opaque picture of President Biden\u2019s health has emerged since his disastrous debate performance last month. The Wall Street Journal\u2019s Rebecca Ballhaus reports on the shifting accounts about Biden\u2019s medical care and the president\u2019s own refusal to undergo more testing. And U.S. inflation eased substantially in June, clearing a path for the Fed to cut rates by the end of the summer. Plus, everyday investors are pouring billions into low-rated corporate loans. Markets reporter Vicky Huang says there are risks involved. Pierre Bienaim\xe9 hosts.\n\n\n\nSign up for the WSJ's free What's News newsletter.\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices