The Pulse Newsletter 📣 | This is The Athletic’s daily sports newsletter. Sign up here to receive The Pulse directly in your inbox.Good morning! It’s great to be back with you. Coming up:

Last Call: What’s left for MLB trades?Just 12 hours separate the time this email landed in your inbox and MLB’s trade deadline at 6 p.m. ET today. It’s easy to wonder if there will be any intrigue at all, with the market’s biggest name already settling into his new Dodger home.Let’s catch up on yesterday’s deals before we get to today:

Blue Jays starter Kevin Gausman is heading to the Cubs in a deal that officially signals how quickly things can change in pro sports. Less than a year ago, Gausman was an anchor for a Toronto team that pushed the Dodgers to seven games in the World Series. Now the Jays are sellers, and according to our experts, didn’t even get a good return for the pitcher.

The Yankees acquired Nationals infielder Luis García Jr., who’s having a monster season in the nation’s capital. García adds instant power to a Yankees lineup sorely missing it without Aaron Judge. And, to continue a theme here, our writers say Washington didn’t get enough talent back.

Earlier in the afternoon, the Rays traded for Mets starter Freddy Peralta, another lesson in how things can go awry. The Mets have the league’s second-highest payroll and are sellers at the deadline. This is a good deal for Tampa, too.