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Reuters

At a congressional hearing in Burbank, Senator Adam Schiff and entertainment industry leaders highlighted the urgent need for federal tax incentives to reverse the offshoring of film production, while scrutinizing the proposed $110 billion Warner Bros. Discovery-Paramount merger for its potential to accelerate job losses and threaten editorial independence at major news networks.

Reuters

This broadcast captures thousands of Muslims gathering in Washington Square Park for Eid prayers, where the Imam delivers a powerful sermon urging the community to reject indifference and selfishness through active love, global solidarity with Gaza and Sudan, and participation in the newly established Islamic Center of New York City.

Yahoo Finance

Markets are paralyzed by conflicting signals from the Iran war's energy supply shock, stubborn inflation, and AI-driven labor disruption, with investors reluctant to commit capital amid confusion over Federal Reserve policy direction.

Forbes

Usher Raymond IV discusses his $1 million seed investment in Detroit's Spark Labs, a partnership with the Boys and Girls Club and Big Sean aimed at fostering youth entrepreneurship, while challenging fellow entrepreneurs to match his commitment to developing human capital in underserved communities.

The Verge

OpenAI is retreating from consumer AI ambitions after failing to monetize ChatGPT, pivoting to enterprise customers amid growing evidence that the public—including Gen Z—views AI as a net negative, with industry leaders now blaming users instead of building products people actually want.

Bloomberg Technology

Micron Technology's stock fell despite a 600% earnings surge as heavy AI infrastructure spending spooked investors, while Fed Chair Powell warned that data center buildouts are fueling inflation amid Middle East energy shocks and China's AI price war intensifies.

Reuters

Israeli Prime Minister Benjamin Netanyahu outlines Operation Rising Line's three core objectives—eliminating Iran's nuclear program, destroying its ballistic missile capabilities, and enabling regime change—while emphasizing unprecedented US-Israel military coordination and refuting claims that Israel manipulated President Trump into the conflict.

Yahoo Finance

Oil markets face severe supply disruptions as the Iran-Israel conflict escalates from military strikes to attacks on critical energy infrastructure, pushing Brent crude toward potential record highs while traditional safe havens including gold and Bitcoin sell off amid hawkish Federal Reserve expectations.

Reuters

The European Central Bank held interest rates unchanged following an emergency analysis of the Middle East conflict's economic impact, maintaining a data-dependent stance while warning that prolonged energy supply disruptions pose significant upside risks to inflation and downside risks to growth.

Reuters

A Senate hearing on the 2026 Annual Threat Assessment revealed deep partisan divisions, with the Chairman accusing intelligence agencies of covering up COVID origins through manipulated analysis, while the Ranking Member challenged the constitutional basis for recent military strikes against Iran. Director Tulsi Gabbard defended the administration's border security gains and warned of expanding missile, cyber, and AI threats from adversaries.

Reuters

Defense Secretary Pete Hegseth and Joint Chiefs Chairman General David Caine briefed on Operation Epic Fury, reporting the destruction of over 7,000 Iranian targets, a 90% reduction in enemy missile attacks, and the elimination of Iran's submarine fleet and 120 naval vessels, while honoring six fallen service members and reaffirming commitment to preventing Iranian nuclear capabilities.

TechCrunch

Ian Schmidt of Trimmergence explains that co-founder conflict is inevitable and healthy when navigated correctly, advocating for early 'relationship synchronizing' through personal operating system mapping and explicit agreements to prevent relational debt and startup failure.