World
President Donald Trump called off planned military strikes against Iran on Thursday evening, citing progress in negotiations. The decision came after two days of tit-for-tat attacks across the Middle East, with Iran retaliating against US strikes by targeting American assets in Kuwait, Jordan and Bahrain. The cancellation marks a sharp reversal after Trump had threatened to hit Iran 'very hard,' though Iran's top military command warned the US would receive a 'more severe response' if it attacks again. The developments unfolded alongside renewed ceasefire efforts in Gaza and a G7 summit in France where Iran and Ukraine dominated discussions.
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Politics
President Donald Trump signed a $70 billion bill to fund Immigration and Customs Enforcement and Border Patrol operations through the remainder of his term. The legislation provides long-term financial stability for the agencies as the administration continues its enforcement-focused immigration policies. Separately, Trump nominated Jay Clayton as Director of National Intelligence, and the president drew attention by stating 'I love the inflation' as the annual inflation rate hit a three-year high of 6.4%. The developments come amid midterm primary elections reshaping the political landscape.
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Business
SpaceX's upcoming initial public offering has drawn more than $70 billion in retail orders, Bloomberg News reported, as investor frenzy builds around what could be the largest US IPO in history. BlackRock seeks to buy at least $5 billion in shares, while crypto exchanges launch pre-IPO derivatives. Separately, US wholesale inflation rose to 6.4% amid Iran-driven oil price increases, and US weekly jobless claims increased marginally. The developments highlight a market torn between AI-driven optimism and geopolitical risks.
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Technology
OpenAI is considering drastic price cuts for its AI services, anticipating an escalating war for users with rival Anthropic, the Wall Street Journal reported. Meanwhile, Anthropic pursues data center leases with financial backing from Google, and India's Tata Consultancy Services partnered with Anthropic to drive enterprise AI scaling. Nvidia is developing an AI healthcare model with startup Abridge, and Meta deepened its partnership with Reliance Industries for an AI data center in India. Morgan Stanley forecasts AI-related global debt issuance to top $570 billion in 2026.
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Science
An artificial intelligence system has successfully solved a long-standing mathematics problem associated with the legendary Paul Erdős, researchers reported. The achievement demonstrates AI's growing capability in automated mathematical reasoning, a field that has traditionally resisted machine assistance. Separately, scientists announced laser-boosted microscopes that could reveal new drugs, and researchers uncovered why hantavirus is so deadly. The breakthroughs highlight how AI and advanced optics are accelerating discovery across scientific disciplines.
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Sports
The New York Knicks pulled off the biggest comeback in NBA Finals history in Game 4 against the San Antonio Spurs, fueled by OG Anunoby's clutch tip-in that sealed a shocking victory at Madison Square Garden. The win gives the Knicks a 3-1 series lead, putting them one win away from their first championship in decades. Meanwhile, the 2026 FIFA World Cup kicked off in Mexico, with Iran's team arriving in Tijuana amid high US tensions, and Alexander Zverev clinched his maiden Grand Slam title at the French Open.
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Health
AI-powered mammography systems are detecting one in five breast cancer cases up to six years before conventional diagnosis, according to new research. The findings suggest AI screening could dramatically improve survival rates through earlier intervention. Separately, a new oral GLP-1 drug lowered blood sugar levels by 7% in people with type 2 diabetes, and Congo's confirmed Ebola cases rose to 676 with 136 deaths. Researchers also discovered 45 new toxins produced by Salmonella bacteria, opening new avenues for treatment.
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Environment
May 2026 was the world's second-hottest May on record, EU scientists confirmed, as an El Niño event officially formed in the Pacific Ocean. Meteorologists warn the El Niño, described as nature's chaotic climate agent, has formed in a warmed-up Pacific and is expected to grow to historic strength. The findings raise fears of extreme weather events and higher global temperatures. Separately, a study found that four days of extreme rain killed 7% of the world's rarest orangutans, and Indonesia braces for rising forest fire risks from the dry season.
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