Today’s Deep Dive

Federal Agents Seize Swalwell’s Devices in Sexual Misconduct Investigation

Agents grabbed his devices at a San Francisco airport, then searched his Washington home a day later. Four women have now accused the former congressman, but no charges have been filed. What investigators appear to be looking for, and why the timing matters.

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World Politics

Israel Opens Bidding on E1 Settlement as Five Nations Demand a Halt

Israel just opened bidding on more than 1,200 homes in a corridor critics say would split the West Bank in two. Five Western allies want it halted, and the deadline conveniently falls days before Israel’s election. Who benefits from that timing?

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Economy & Money

Bessent Presses Treasury Levers to Tame Bond Market Selloff

Scott Bessent has a plan to force long-term interest rates down without waiting on the Fed. Supporters call it prudent debt management. Larry Summers and Elizabeth Warren say it’s something else entirely.

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Tech & Power

Australia Passes Law to Force Google and Meta to Pay for News or Face New Levy

Australia’s parliament just told Google and Meta they can pay news publishers directly or hand the money to the government instead. Trump allies are calling it a shakedown of American companies, and House Republicans are floating trade retaliation. Here’s what the levy actually does, and why Canada’s version blew up in Meta’s face.

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Today’s Deep Dive

Trump Nominates White House Aide Heidi Overton to Lead FDA

Trump tapped a White House aide who’s defended splitting the MMR shot and called mifepristone “teleabortion” to run the FDA. The Senate health chair, himself a doctor, is already voicing “strong reservations.” How many Republicans can she afford to lose?

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World Politics

Israel Opens Criminal Probe After Admitting Troops Fired on Car Carrying Hind Rajab

For 19 months, the IDF denied its troops were even in the area when the five-year-old and six relatives were killed. On Wednesday, the military said something different, and opened a criminal probe into both her death and the shelling of the ambulance sent to save her. What changed, and why now?

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Economy & Money

Fed Minutes Show Officials Weighing a Rate Hike as Inflation Lingers

For months the debate was about when the Fed would cut. The July minutes flip the script, showing a widening group of officials open to raising rates instead. What changed their minds, and what it could mean for your borrowing costs.

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Tech & Power

Apple’s Camera-Equipped AirPods Slip Into View a Year Early After macOS Leak

A developer build of macOS Tahoe 26.7 appears to have exposed Apple’s entire 2027 hardware pipeline, including AirPods with tiny cameras built in. Bloomberg says the launch date hasn’t slipped, but privacy researchers are already raising the same objections that killed Google Glass. Here’s what’s actually in the code.

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Today’s Deep Dive

Supreme Court Rejects Trump’s Second Bid to Undo E. Jean Carroll Verdict

The Supreme Court quietly closed the door on Trump’s last legal option in the E. Jean Carroll case, and his attorneys say a rare rehearing request never had much of a chance. What the justices’ one-line order means for the $5 million already paid, and why Carroll’s team says the verdict “cannot be challenged in any court.”

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World Politics

Trump Threatens to Bomb Oman as Iran Talks Collapse and Oil Climbs

Oman calls itself neutral and has taken Iranian strikes of its own. Now the president says he’ll bomb it if it “gets in the way,” just as it neared its own deal to reopen the Strait of Hormuz. Is this leverage or a match near the fuel line?

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Today’s Deep Dive

Attorney General Todd Blanche declines to pledge DOJ independence from White House

The attorney general went on Meet the Press and refused to promise the Justice Department would always act independently of President Trump. His defenders call it a technically accurate reading of Article II. His critics call it the end of a post-Watergate norm. So which is it?

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World Politics

Kushner Sits Down With Hamas in Egypt, Then Heads to Israel to Sell Trump’s Gaza Plan

A U.S. envoy met Hamas’s new leader face to face, then flew straight to Israel to sell a Gaza plan Netanyahu’s government already rejected. Eight countries have taken sides, and Hamas wants mediators to force Israel’s hand. What happens when the two parties want opposite things from the same roadmap?

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Economy & Money

Asian Markets Climb as Traders Scale Back Bets on Fed Rate Risks

Asian markets climbed and the dollar weakened as investors decided the Fed might not be as aggressive as they feared. But officials haven’t actually said that, and one bad inflation print could flip the whole story. So who’s reading the data right?

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Tech & Power

Nvidia Trims OpenAI Data-Center Credit Guarantee to Under $120 Billion

Nvidia was on the verge of guaranteeing roughly $100 billion in credit so OpenAI could build a data center in Ohio. Now the number is moving, the power supplier is getting a separate Nvidia investment, and analysts are quietly comparing the whole structure to a 1990s telecom bubble. Here’s what the circular financing actually looks like.

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Today’s Deep Dive

DHS Records Show Undercover Surveillance of Anti-ICE Protesters and Progressive Groups in Minnesota

Court filings just revealed a DHS operation that sent undercover agents into anti-ICE community meetings and private Signal chats in two states. Prosecutors say it’s a legitimate conspiracy probe. Civil liberties lawyers say it looks like something else entirely.

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World Politics

Kushner Heads to Israel and Egypt for Next Round of Gaza Talks

Kushner is flying to Israel and Egypt next week with officials from a new body called the Board of Peace. Supporters say his old relationships can push the Gaza deal forward. But a West Bank siege the U.S. just called an act of terror is complicating the picture.

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Economy & Money

Wholesale Prices Flat in July, Cooling Fresh Inflation Worries

Producer prices didn’t rise at all last month, undershooting every major forecast and sending traders scrambling to price in a September rate cut. But one camp says the tariff shock is still working its way through the pipeline, and the real bill hasn’t arrived. Who’s reading the data right?

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Tech & Power

Flock Safety pledges January safeguards for license plate cameras after stalking, ICE-access reports

Flock Safety’s cameras sit in about 5,000 U.S. towns, and its CEO now admits the company waited too long to stop officers from using them to track ex-partners and help ICE. In January, new safeguards arrive. Civil liberties groups say they don’t go far enough, and one specific loophole is still wide open.

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Today’s Deep Dive

Karoline Leavitt to Exit as White House Press Secretary, Move to Outside Advisor Role

The youngest press secretary in U.S. history is walking away at the end of August, and Trump says she’ll become one of his top outside advisors heading into the midterms. Her replacement hasn’t been named, and five people have already held the job across Trump’s two terms. What her exit signals about the West Wing’s communications strategy.

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World Politics

Ukraine Strikes Novorossiysk, Damaging Grain Terminals and Russia’s Last Black Sea Naval Base

Ukraine struck two grain-export terminals and four warships at the harbor sheltering Russia’s Black Sea fleet. Analysts are already warning about what it means for global food prices. Whether this reopens a cycle both sides paused this year is the open question.

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Economy & Money

July Inflation Eases to 3.4% as Gas Prices Slip, But Wages Still Lag

Headline inflation eased to 3.4% in July and core prices hit a post-pandemic low, even with the Iran war keeping oil elevated. The White House is calling it vindication. Democrats and independent economists at Brookings and Peterson see something more complicated in the numbers.

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Tech & Power

Twitch Trained Amazon’s AI on Streamers by Default. Now Users Can Say No.

Twitch just admitted Amazon has been training AI on streamers’ content with the setting on by default. When an executive was asked why they didn’t make it opt-in, his answer was refreshingly, damningly honest. Here’s what he said and why creators aren’t buying the fix.

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Today’s Deep Dive

ACLU asks federal court to block Trump’s second birthright citizenship order

Six weeks after the Supreme Court struck down Trump’s first birthright citizenship order, the ACLU is back in court arguing the second one is the same thing in different clothes. The White House says it followed the ruling. Two class actions will decide who’s right.

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World Politics

Pakistan Says a U.S.-Iran Deal Is Near. Tehran and Washington Sound Less Sure.

Pakistan’s interior minister flew to Tehran and came back predicting a U.S.-Iran deal is near. But both governments just toughened their demands over reparations and the Strait of Hormuz, and six sailors died in the Red Sea this week. So who’s reading the room right?

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Economy & Money

July Inflation Report Lands With Gas Prices Falling and Tariffs in Focus

Gas prices fell in July, and the headline inflation number looks tame because of it. But economists say the real story is buried in the goods most exposed to tariffs, and the Fed is watching a different number entirely. Here’s what cheaper fuel might be hiding.

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Tech & Power

Nvidia’s Jensen Huang Bets $500 Billion on AI. China Is the Wild Card.

Jensen Huang is steering a roughly $500 billion push to bankroll the AI buildout, and it rests on demand for Nvidia’s chips staying red hot. One market complicates the whole equation, and Washington and Beijing are both pulling at it. Whose read on China is right could decide whether the math holds.

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Today’s Deep Dive

Trump Signs Order Urging Fewer Childhood Vaccines and Split MMR Shots

Trump’s new order would cut the childhood vaccine list to 11 and split the MMR shot into three visits. There’s just one problem: the separate shots he’s recommending aren’t even sold in the US. We break down what supporters, doctors and independent researchers each say.

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World Politics

Netanyahu Rejects Trump’s 15-Point Gaza Plan as Israeli Election Looms

Days before rejecting Trump’s Gaza plan in public, Netanyahu was reportedly helping his own commanders map out a pilot withdrawal from Rafah. Then he blindsided them, and a defense official says they found out from the news. With an Israeli election two months away, whose demands is he really answering?

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Economy & Money

Trump Media Posts $238M Quarterly Loss, Pitches Paid Early Access to Truth Social Posts

Trump Media lost $238 million last quarter and is retreating from crypto and betting. Its new plan: charge hedge funds up to $100,000 a month for faster access to the president’s Truth Social posts. Ethics lawyers say that crosses a line federal statutes weren’t built for.

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Tech & Power

Nvidia Recruits Six Wall Street Firms to Raise $500 Billion for AI Buildout

Six of the biggest names in finance just agreed to pour more than $500 billion into AI infrastructure, and Nvidia says it will backstop up to a quarter of it. Supporters call computing power the new critical infrastructure. Critics see a chipmaker quietly financing purchases of its own chips.

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Today’s Deep Dive

Trump names Will Scharf White House counsel, replacing Warrington Sept. 1

Trump is installing a former personal attorney and the man who greenlit his $400 million ballroom as White House counsel, effective Sept. 1. Democrats say the timing tells you everything about what the White House expects after November. Supporters say it’s exactly the loyalty and legal firepower the job requires.

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World Politics

Netanyahu Rejects Trump’s 15-Point Gaza Plan, Demands Full Hamas Disarmament First

Trump announced the 15-point Gaza framework nearly a year ago. On Sunday, Netanyahu told his cabinet Israel rejects it outright, and demanded something Hamas has refused to do first. What Netanyahu’s coalition math has to do with it, and why the Board of Peace says the plan is still “the only way forward.”

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Economy & Money

Oil Jumps and Stocks Slide as Iran Ties Hormuz Reopening to U.S. Concessions

Tehran handed Washington a list of demands in exchange for reopening the world’s most important oil chokepoint, and markets did not like the answer. Former Defense Secretary Mark Esper called the terms “ridiculous,” but European diplomats want the U.S. to take the deal. Who blinks first, and what it costs at the pump.

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Tech & Power

China Steers $28 Trillion in Capital Markets Toward AI Race With U.S.

Beijing is pointing its $28 trillion capital markets straight at AI and semiconductors, and one memory chipmaker just popped 466% on its first day of trading. U.S. export controls were supposed to slow China down. They may be doing something else entirely.

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Today’s Deep Dive

Trump Signs Two Executive Orders to Narrow Birthright Citizenship

In June the Supreme Court rejected Trump’s bid to end birthright citizenship. On Thursday he signed two new orders testing a different legal theory, and the ACLU already says they are doomed. Who has the stronger case this time?

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World Politics

Iran Says Hormuz Route Deal With Oman Is Near, but the Strait Won’t Reopen Fully

Iran says it has agreed with Oman on a shipping route through the Strait of Hormuz, the channel that carries a fifth of the world’s oil. But Tehran insists the waterway will not reopen the way it once did, and reports suggest it wants to control who gets in and charge a toll. Who actually ends up in charge of the strait?

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Economy & Money

Trump Slaps 15% Tariff on Polysilicon, Sets Minimum Prices for Chip and Solar Imports

Trump just put a 15% tariff and a price floor on polysilicon, the stuff inside every solar panel and semiconductor wafer. The US made half of it in 2005. Last year, it made less than 2%. Can a tariff actually rebuild what took two decades to lose?

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Tech & Power

A New Mexico Judge Adds $567M to Meta’s Child-Safety Penalty

A New Mexico judge ordered Meta to pay $567 million more for harming kids’ mental health, pushing its total penalty to $942 million. The state’s attorney general called it an unmistakable message. So why did Meta’s stock drop less than half a percent?

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Today’s Deep Dive

Senate Committee to Vote on Holding Fauci in Contempt After Fifth Amendment Testimony

Fauci sat under subpoena for hours last week and answered almost nothing. Now Senate investigators have a copy of his HHS phone and a contempt vote on the calendar, and Biden’s preemptive pardon may not cover any of it. Here’s what’s actually at stake.

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World Politics

U.S. Revokes Brazilian Ambassador’s Visa as Feud with Lula Deepens

The Trump administration pulled the visa of Brazil’s ambassador in Washington, tying its return to a nomination fight over a Rubio ally. Lula’s office says it “repudiates” the move, and Brasília is calling it election interference two months before the vote. What Washington is willing to do next may surprise you.

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Economy & Money

Dow closes at record as Trump signals Hormuz deal is near

Stocks rallied to a record close on hopes that Iran and Oman are near a deal to reopen the Strait of Hormuz. But CNN reports the terms taking shape may not match what Trump has publicly promised, and one Columbia energy scholar thinks markets are pricing in more than the talks can deliver.

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Tech & Power

Meta’s AI Model Breached Another Company During Testing, Fourth Such Disclosure in Two Weeks

Meta says a testing partner’s misconfiguration let one of its models reach the open internet and exploit a third party. It’s the fourth such disclosure in two weeks, and all of them trace back to one security vendor. Is this transparency working, or a warning?

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Today’s Deep Dive

GOP Holdouts Drop Objections to Blanche as AG After DOJ Kills $1.8B Fund

Two retiring Republican senators spent a week threatening to block Todd Blanche as attorney general over a $1.8 billion fund and a sweeping tax-audit shield for the Trump family. On Monday they said a signed DOJ order resolved everything. One outlet called it a real concession. Another called it a cave.

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World Politics

Trump Calls Off Iran Strikes, Says Talks Are Tehran’s ‘Last Chance’

Trump says he scrapped the biggest strike “since World War II” after a phone call from Saudi Arabia’s crown prince, and gave Iran a final window to make a deal. Iran’s foreign ministry says no U.S. talks are actually happening. Which version is real, and what does the pattern tell us about the next move?

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Today’s Deep Dive

Senate unveils stopgap funding bill to keep government open past midterms

Senate appropriators moved months earlier than usual to head off a Sept. 30 shutdown, and quietly stripped two big White House asks from the bill. One of them was a billion-dollar battleship line. The other could reshape who controls federal science funding.

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World Politics

Israel Raises Security Objections as Hamas Disarmament Plan Faces Its First Test

Trump announced a deal to disarm Hamas. Days later, Netanyahu’s office says it warned Washington of serious security concerns, and Israeli strikes killed at least 17 people in Gaza over the weekend. What does Israel want before it pulls back?

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Economy & Money

U.S. and Japan Confirm Rare Joint Intervention to Prop Up the Yen

The yen just had its best week in months after Washington and Tokyo quietly teamed up to buy it. A photograph of Scott Bessent’s notebook may have tipped off the plan a day early. Why the Treasury Secretary says he’ll do it all again, and what the IMF thinks of the move.

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Tech & Power

A MacBook Air Shortage Signals a Bigger Squeeze in the Global Memory Market

Apple’s most popular laptop is slipping out of stock, and its own promotions are pointing customers somewhere pricier. The reason traces back to a chip shortage that has nothing to do with laptops. Who is really buying up all the memory?

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Today’s Deep Dive

Senate War Powers Resolution on Iran Fails 49-50 as Three Republicans Break with Trump

The Senate came within a single vote of forcing President Trump to halt U.S. military operations against Iran. Three Republicans broke ranks to support the resolution, but one Democrat crossed the other way and sank it. Who flipped, and what happens if the war expands again?

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World Politics

Trump Says Hamas Agreed to Disarm in Gaza, but Sequencing Fight Clouds the Deal

A senior Hamas official told the BBC the group has agreed to disarm under Trump’s Board of Peace plan, though Israel has not commented.

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Tech & Power

Big Tech’s AI Spending Blitz Collides With Investor Patience

For the first time since going public, Alphabet spent more on AI than it brought in. Meta’s free cash flow is almost gone, and Zuckerberg says the build-out is just getting started. Investors are asking a question executives keep dodging.

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Today’s Deep Dive

Senate Confirms Jay Clayton as Intelligence Chief on Party-Line Vote

He ran the SEC and prosecuted Wall Street cases, but he has never worked in intelligence. Now Jay Clayton oversees all 18 U.S. spy agencies, and Democrats say his answers on the 2020 election were disqualifying. Here’s what his confirmation could unfreeze next.

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World Politics

Trump Hosts Netanyahu and Zelenskyy in Back-to-Back Oval Office Talks

Trump welcomed Zelenskyy and Netanyahu to the White House on the same day, one seeking air defenses and the other trying to repair a fraying relationship. He called both meetings “very good” and said almost nothing else. What did either leader actually walk away with?

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Tech & Power

FCC Bars New Imports of Foreign Humanoid Robots and Power Inverters, Citing China Risk

The FCC says foreign-built robots could spy on Americans and grid inverters could be switched off from abroad. Beijing calls it politics dressed up as security, and clean-energy firms warn about the price tag. So is this supply-chain defense or protectionism?

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Today’s Deep Dive

Trump Accounts launch July 4 as White House kicks off 250th anniversary weekend

The government is about to wire $1,000 into an investment account for millions of American kids, and the president plans to unveil it during a very long speech in 107-degree heat. Supporters call it an ownership stake for every child. Critics say the math doesn’t come close to doing what the White House claims.

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World Politics

China’s New Ethnic Unity Law Takes Effect, Claiming Reach Beyond Its Borders

Beijing calls it a path to unity and prosperity. Taiwan, the UN and rights groups call it forced assimilation, and they are especially alarmed by one clause that reaches beyond China’s borders. We lay out the case on all sides.

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Today’s Deep Dive

Supreme Court Strikes Down Trump Birthright Citizenship Order, But the Margin Was Closer Than Expected

Everyone expected the Supreme Court to strike down Trump’s birthright citizenship order. What nobody expected was how close the vote actually was, or the loophole conservatives are already eyeing in Congress. Inside: what the 6-3 (or is it 5-4?) split really means.

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World Politics

Russia Launches Largest Aerial Assault on Kyiv, Killing at Least 13

Russia says it was retaliation for Ukrainian strikes on its refineries, which have Putin publicly admitting to fuel shortages. Ukraine says Moscow is targeting civilians and rejecting talks. What one overnight barrage tells us about the next phase of the war.

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Economy & Money

Trump Declines to Renew USMCA on Existing Terms, Opening Year-by-Year Reviews

Trump signed USMCA in his first term and called it his signature deal. On Wednesday, he refused to renew it on its current terms, pointing to trade deficits and auto supply chains. What Washington is demanding from Canada and Mexico could reshape where your next car is built.

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Tech & Power

Meta Wants to Sell Its Spare AI Computing Power. Wall Street Cheered.

Meta poured billions into chips and data centers. Now it reportedly wants to rent the spare capacity to rivals, and Wall Street sent the stock up nearly 10%. But chipmaker shares slid the same day, and some analysts read that as a warning.

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Today’s Deep Dive

Federal Judge Lets States’ Challenge to Trump Mail-Voting Order Proceed

An Obama-nominated judge in Boston ruled that 23 states can sue to block Trump’s order curbing mail-in voting before November. She stopped short of freezing the order, but signaled the clock matters. What happens next could decide how a third of Americans cast their ballots.

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World Politics

US and Iran Sign Deal to End War, but the Hard Part Comes Next

The bombs stopped after more than 100 days, and both Washington and Tehran are calling the deal a victory. But National Review calls it lopsided, the Guardian asks if it’s “the art of the fail,” and the first round of talks already collapsed. Who actually came out ahead?

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Economy & Money

Warsh Debuts as Fed Chair With a Market-Driven Approach and Rates on Hold

Kevin Warsh ran his first FOMC meeting on Wednesday and signaled a real break from the Powell era, telling reporters the Fed should take its cues from markets instead of trying to steer them. The dollar hit a one-year high within hours. Supporters call it overdue humility; critics call it outsourcing monetary policy to Wall Street.

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Today’s Deep Dive

Newsom Says Trump Directed DOJ to Investigate Him and His Wife; Sources Say Probes Originated in California

Gavin Newsom says Trump personally ordered the Justice Department to investigate him and his wife, and went straight to video to say so. But reporting in The Guardian and PBS NewsHour suggests at least one of the probes started somewhere very different, and predates the fight. Who actually opened the file?

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World Politics

At G7 in France, Trump Pushes Russia Toward a Deal After Meeting Zelenskyy

Trump said he held a “very good” meeting with Zelenskyy at the G7 and urged Russia to “make a deal,” according to Reuters.

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Economy & Money

Bank of Japan Raises Key Rate to 1%, Highest Since 1995

Tokyo lifted rates to a level not seen since 1995, even though headline inflation is still below target. The governor pointed to one specific number that the BOJ thinks tells the real story. Here’s what flipped the switch after two decades of near-zero money.

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Tech & Power

White House Cites National Security to Halt Public Access to Anthropic’s New AI Model

The administration says Anthropic’s new AI model is a national security threat. Critics say it looks like payback for the company refusing to build surveillance and weapons tools. The government’s letter named no specifics, so which read is right?

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Today’s Deep Dive

Trump Links Surveillance Law Renewal to His Voter ID Bill

Trump says he won’t renew a key surveillance law unless Congress passes his voter ID bill, fusing two fights that have nothing to do with each other. Some Democrats already wanted Section 702 to lapse. So who actually has the leverage here?

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World Politics

US and Iran Reach Framework Deal to Halt 15-Week War

Trump says the Strait of Hormuz reopens and the blockade lifts, and oil prices already dropped. But Israel was frozen out of the talks and says it isn’t leaving Lebanon, while Iran’s hardliners are furious. So what did this deal actually settle?

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Economy & Money

Oil Falls to Three-Month Low as Trump Says Strait of Hormuz Will Reopen

Trump says the Iran deal is “now complete” and the Strait of Hormuz will reopen Friday, sending oil to a three-month low. But who guarantees safe passage, what happens to Iran’s nuclear program, and why is Israel already pushing back? The market is betting on a resolution that hasn’t actually been signed.

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Tech & Power

Trump Administration Freezes Anthropic’s Top AI Model Exports, Sending the Company to D.C. in Damage-Control Mode

Anthropic flew senior staff to D.C. this week after the White House quietly blocked exports of its most advanced AI models. The company says it was blindsided. China hawks say it’s overdue, and one major outlet is calling the move “capricious and chaotic.” What’s actually in the order, and who wins if it sticks?

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