Artificial intelligence has become the latest issue to drive a wedge between the United States and its allies after US President Donald Trump ordered tech giant Anthropic to cut off foreign access to… [+6845 chars]

Trump administration’s move to cut off allies’ access to advanced AI prompts calls for greater self-reliance.

Al Jazeera English

US export ban on Anthropic’s AI models further strains alliances - Al Jazeera

According to Bloomberg, U.S. Commerce Secretary Howard Lutnick has, in a series of recent meetings, told senior ASML executives he’s concerned that one of the Dutch chipmaker’s extreme ultraviolet li… [+5665 chars]

There's a commercial logic that cuts against the idea that ASML would risk its export license to arm a Chinese customer.

TechCrunch

The US says ASML’s top chip tool may be in China. ASML says it isn’t - TechCrunch

Meta has lobbied U.S. lawmakers for legal immunity from lawsuits alleging child harm from its social media platforms such as Facebook and Instagram, according to a report.
This comes as Meta faces a… [+4341 chars]

Meta reportedly lobbied U.S. lawmakers for legal immunity from child harm lawsuits as part of the Kids Online Safety Act under Senate consideration.

Fox Business

Meta lobbies Congress for immunity from lawsuits alleging online harm to children - Fox Business

Summary
<ul><li>The Strait of Hormuz has reopened after a nearly four-month closure, but global oil reserves are depleted.</li><li>Petroleum reserves have hit their lowest levels in decades, with so… [+5808 chars]

The good news: The Strait of Hormuz is open again, after Iran and the United States signed a memorandum of understanding this week.

More than 1 billion barrels of oil have gone missing - CNN

Instead of directing financial markets with its policy moves, Federal Reserve Chairman Kevin Warsh wants the markets to inform the central bank.
"Financial market prices are probably the most import… [+3963 chars]

New Fed Chairman Kevin Warsh said financial markets are "probably the most important source of information to guide central bankers." Here's how that could i...

Yahoo Entertainment

Warsh wants markets to guide the Fed, not the other way around - Yahoo Finance

Asia-Pacific markets fell on Friday as investors assessed the durability of a U.S.-brokered peace agreement with Iran.
U.S. Vice President JD Vance on Thursday defended President Donald Trump's inte… [+1702 chars]

U.S. Vice President JD Vance on Thursday defended Trump's interim agreement with Iran, saying any economic relief for Tehran would depend on the country complying with the terms of the deal.

CNBC

Asia markets fall as investors assess durability of U.S.-Iran peace deal - CNBC

President Donald Trump said Thursday that Apple has agreed to work with Intel on designing and producing chips in the U.S.
"When I won my Second Term, it was clear America needed its Semiconductor I… [+2913 chars]

President Donald Trump announced an Apple-Intel chip partnership as his administration pushes to bring semiconductor manufacturing back to the U.S. and reduce China reliance.

Apple to work with Intel on US chip design and production, Trump says - Fox Business

WASHINGTON (AP) A new kind of flu vaccine moved a step closer to the U.S. market Thursday as federal health advisers recommended approval of the first made with the same mRNA technology that was key … [+3921 chars]

WASHINGTON (AP) – A new kind of flu vaccine moved a step closer to the U.S.

ScienceAlert

New First-of-Its-Kind Flu Vaccine Approved by FDA Expert Panel - ScienceAlert

This FERC is not the old sleepy agency that it has been in the past. We cant afford to be, and our country cannot afford for us to be, FERC Chairman Laura Swett told POLITICO afterwards. We are unifi… [+7441 chars]

FERC Chairman Laura Swett discussed how the agency threaded a needle amid pressure from the White House, Big Tech and governors.

Politico

'Not the old sleepy agency’: Energy regulator dives into fight over data center connections - Politico

The Trump administration is promising student loan borrowers a greater incentive to sign up for autopay: a hefty discount on their debt. 
On Thursday, the Education Department said people who opt to… [+197 chars]

The discount will increase to 1 percentage point, from the standard 0.25, and could result in savings of hundreds or thousands of dollars over the lifetime of a loan.

The Washington Post

The discount for student loan payers who enroll in autopay just went up - The Washington Post

Amazon devices, Kindle bundles, headphones, and portable power stations are early highlights.

Mashable

Prime Day is almost here: We found 50+ early deals already live on Apple, Sony, and Lego favorites - Mashable

The Transportation Security Administration (TSA) is issuing a serious warning to international World Cup visitors: Don't pack ranch dressing in your carry-on luggage.
As the World Cup brings million… [+2101 chars]

The TSA cautions international World Cup fans not to pack ranch dressing in their carry-on bags, citing the 3.4-ounce liquid rule as fans try to fly home with the condiment.

Fox News

TSA sounds alarm after World Cup fans pack their bags with American staple - Fox News

Japan's core inflation rate held steady at 1.4% in May, matching expectations and suggesting that underlying price pressures remained contained despite concerns that higher energy costs could push in… [+1695 chars]

Headline inflation edged up to 1.5% from 1.4%, while the so called "core-core" inflation rate, eased to 1.8% from 1.9%.

Japan core inflation holds steady in May, matching expectations despite energy price concerns - CNBC

A woman is suing McDonalds over a Sausage Egg McMuffin that she says left her violently ill and permanently unable to perform work as she was accustomed to do, according to a lawsuit filed in New Yor… [+4391 chars]

A woman is suing McDonald’s over a Sausage Egg McMuffin that she says left her 'violently ill' and led to permanent damage.

USA Today

Texas woman says a McMuffin changed her life. Now she’s suing - USA Today

Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

AI and rocket group is tapping debt markets after raising $86bn in stock market debut

Financial Times

Elon Musk’s SpaceX plots $20bn bond deal after record IPO - Financial Times

Democrats, among them some of the most recognizable names in politics, have accepted millions of dollars in campaign contributions from top employees at firms the Pentagon recently designated as "Chi… [+7585 chars]

Democrats including Biden, Harris, Pelosi and Gavin Newsom accepted millions from employees at firms the Pentagon designated as Chinese military firms.

Dems raked in millions from employees at firms newly identified as 'Chinese military companies' - Fox News

Thanks, World Cup: Mayor Wu today announced two public zones downtown where you'll be able to get your drink on as you walk around on the sidewalk without worrying about getting yelled at by a cop an… [+1050 chars]

Thanks, World Cup: Mayor Wu today announced two public zones downtown where you'll be able to get your drink on as you walk around on the sidewalk without worrying about getting yelled at by a cop and ordered to pour your drink into the nearest storm sewer. R…

Universalhub.com

Boston announces revolutionary drink-in-public zones - Universal Hub

A group of companies that specialize in tracking international shipments of sensitive technologies is backing a Capitol Hill bill that would require Americas most powerful AI chips to incorporate str… [+6029 chars]

Half a dozen companies came out in support of the Chips Security Act, which would require location-tracking mechanisms for America’s most advanced computing chips