U.S. to Lift Long-Standing Oil Sanctions in Preliminary Deal with Iran
The United States will waive key oil sanctions on Iran under a preliminary agreement, reopening Iranian crude exports to global markets and easing financial restrictions.
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Trade & Tariffs
AI & Tech Regulation
FTC and States Challenge WPATH Over Gender-Affirming Care Standards
The Federal Trade Commission and four states filed a lawsuit against WPATH, alleging the group enabled misleading claims about the safety and efficacy of gender-affirming care for minors.
Defense & Security
US-Iran Draft Agreement Proposes Uranium Dilution, Temporary Sanctions Waiver, and Strait Access
A draft deal between the US and Iran aims to dilute Iran’s enriched uranium, waive sanctions temporarily, and ensure toll-free passage through the Strait of Hormuz for two months.
Markets & Macro
Federal Government Presses States on Combating Unemployment Fraud Under Threat of Sanctions
The U.S. government urges states to strengthen measures against unemployment benefit fraud, warning that failure to act swiftly could result in financial penalties.
Big Tech
Epic Games Integrates AI Tools Gemini and Claude into Unreal Engine 6 to Boost Development
Unreal Engine 6 will incorporate AI models like Gemini and Claude to automate repetitive tasks, offering developers optional tools aimed at accelerating game production without sacrificing creative control.
Trade & Tariffs
Trump Criticizes USMCA, Suggests U.S. Could Fare Better Without It
Speaking in Paris, Trump expressed regret about the USMCA trade deal he signed, stating he would prefer the United States not participate in the agreement.
Markets & Macro
Dow Drops Following Federal Reserve’s Decision to Pause Interest Rate Hikes
The Federal Reserve kept its key interest rate unchanged in its first meeting under new chair Kevin Warsh, leading to a decline in the Dow Jones Industrial Average.
Corporate Power
AI Startup CuspAI Poised to Secure $400 Million to Accelerate Material Discovery
CuspAI is preparing to close a $400 million funding round, valuing the UK-based AI material discovery startup at $2.6 billion, with backing from high-profile investors.
Trade & Tariffs
Senator Rick Scott Urges Trump Administration to Revoke CodePink’s Tax-Exempt Status Over China Links
Senator Rick Scott has formally requested the IRS to revoke activist group CodePink’s tax-exempt status, citing alleged connections to the Chinese Communist Party and violations of nonprofit regulations.
Markets & Macro
Federal Reserve Signals Potential Rate Hikes Amid Persistent Inflation Concerns
The Federal Reserve kept interest rates steady but revealed a sharp divide among officials, with many forecasting higher rates due to ongoing inflation pressures.