Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases. CNBC’s Rick Santelli and Mike Santoli were joined by Manhattan Institute’s Allison Schrager and Economist Betsey Stevenson to help break down June's CPI data. A federal judge in San Francisco has denied the FTC’s motion to stop Microsoft from completing its acquisition of Activision Blizzard. Jamillia Ferris, former DOJ & FCC antitrust official and partner at Freshfields’ antitrust, competition and trade group, discusses the state of the Microsoft-Activision deal.  Jared Holz, Mizuho Securities healthcare sector specialist, discusses  news of EU regulators expanding its review of drugs used to treat obesity and diabetes after reports or some patients experience suicidal thoughts.In this episode:Rick Santelli, @RickSantelliAllison Schrager, @AllisonSchragerBetsey Stevenson, @BetseyStevensonMichael Santoli, @michaelsantoliJared Holz, @MizuhoAmericasJoe Kernen, @JoeSquawkMelissa Lee, @MelissaLeeCNBCKatie Kramer, @Kramer_Katie