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The Latest Breaking News from Axios

Inflation Wipes Out Real Wage Growth, Threatening Trump's Economic Message

A stretch of wage growth that had helped offset rising prices has largely disappeared as inflation accelerated sharply in recent months.

International Business Times

The deal that could reopen Strait of Hormuz: What Trump and Iran are negotiating

The US and Iran have tentatively agreed on a memorandum of understanding that would reopen the Strait of Hormuz and pause fighting for 60 days, but the deal still needs final approval from Iran's supreme leader, according to officials cited by Axios.

The Times of India

Bezos’ industrial AI firm Prometheus raises $12 billion; valued at $41 billion: Report

Industrial AI startup Prometheus has secured a massive $12 billion in its Series B funding round. This significant investment propels the company's valuation to $41 billion. Backed by prominent investors, Prometheus aims to revolutionize industrial operations and engineering with artificial intelligence.

The Economic Times

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JD Vance says Netanyahu ‘has certainly got some things wrong’ as US-Israel ties strain

The vice president’s statement follows reports of a heated phone call between Trump and Netanyahu

The Independent UK

The Death of Anonymous Browsing? Trump's AI Deal Could Force Millions to Prove Their Identity Just to Browse Online

A White House-backed plan may require Americans to verify their age online, potentially ending anonymous browsing. Critics argue it could expand government control and alter internet freedom.

International Business Times UK

White House Looking To Cut Deal To Preempt State AI Laws: Report

The White House is looking to take federal action and preempt state laws that seek to regulate the development and use of AI.

International Business Times

Rising Treasury Yields Emerge as Threat to Stock Market Rally

The relationship between bonds and stocks has become particularly sensitive in recent months, with investors reacting sharply whenever Treasury yields rise.

International Business Times

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Trump’s ex-MTV star Transportation Secretary is ‘exploiting his Cabinet position’ to get son-in-law elected, critics say

Some Wisconsin Republicans have raised concerns about credentials of Michael Alfonso, who previously worked in construction and podcasting

The Independent UK

Becerra, Hilton, To Square Off In California Governor's Race

Democrat Xavier Becerra was the top vote getter in this month's gubernatorial primary after days of recount.

International Business Times

Democratic PAC Spends Tens Of Millions On State Legislative Races In Ongoing Redistricting Battle: Report

A Democratic-aligned super PAC is taking the fight to redraw future House districts to the state level, investing more than $30 million on state legislative races, Axios reported.

International Business Times

Israel Reportedly Lost Every Back Channel to Washington It Used to Use Against American Presidents

Benjamin Netanyahu's influence in Washington diminishes as Trump's control over the GOP limits his political manoeuvring, while Democratic support for Israel continues to erode.

International Business Times UK

OpenAI Confidentially Files IPO Draft As Tech Race Gains Steam

OpenAI said it has confidentially filed a draft IPO but claimed there is no timeline to go public.

International Business Times

'Uncomfortable With Anyone Who Could Outshine Him': How Hegseth's Paranoia Is Rotting the Pentagon From Within

Defence Secretary Pete Hegseth's loyalty-driven actions have led to a fractured Pentagon, with senior officers fired and operational decision-making disrupted, according to a CNN investigation.

International Business Times UK

Iran-US war latest: Iran attacks US bases across three Gulf allies after Trump renews strikes on Tehran

US military says nearly all drones fired towards Jordan, Kuwait and Bahrain have been intercepted

The Independent UK

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The Times of India

‘Bibi, you better be careful’: Trump warns Netanyahu as Israel scales back planned strikes on Iran

US President Donald Trump urged Israeli Prime Minister Benjamin Netanyahu to “be careful” and pressed him to halt a major retaliatory operation against Iran after the latter launched a first strike at the former since April's fragile ceasefire. The call helped avert what Israeli and US officials said could have…

The Independent UK

Iran and Israel pause strikes after desperate Trump plea – but vow to resume attacks if ceasefire breached

The shaky ceasefire between Iran and Israel was just about holding after Donald Trump intervened in the latest tit-for-tat strikes, but both sides pledged to resume hostilities if there was any further breach of the deal

Medical Daily

Just One Heat Death Recorded in San Antonio in Five Years, but Experts Say the Real Number Is Higher

San Antonio recorded just one heat-related death in five years, but UTSA research and investigators say the real toll is far higher due to underreporting.

Latin Times

Trump Urged Netanyahu Not to Retaliate, Yet Israel Struck Iran Within Hours in Latest Sign of Rift Between Leaders

The escalation came after Trump said Netanyahu would ultimately have "no choice" but to accept any agreement negotiated by Washington with Tehran because "I call the shots"

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The Independent UK

Iran-US war latest: Trump insists Israel will not resume war after ‘on your own’ warning to Netanyahu

US president said of Israeli prime minister Benjamin Netanyahu: ‘If I tell him to do something, he does it’

The Times of India

Middle East on edge: Iran and Israel trade fresh blows despite Trump's warning; how the sudden escalation unfolded

The strikes could also derailed United States presdient Donald Trump's last-ditch effort to find an off ramp in the war by negotiating a nuclear deal with Iran. Trump, who had been breathing down the Netanyahu's neck to restrain from hostilites, in a recent interview spoke on how he "calls the…

The Economic Times

'He doesn't call the shots': Trump overrules Netanyahu as Iran missiles hit Israel, peace deal in jeopardy

President Donald Trump asked Israel's Prime Minister Benjamin Netanyahu to refrain from retaliating against Iran's missile attacks. Trump stated that such action would jeopardize ongoing peace deal negotiations. He urged Iran to return to the negotiating table. Trump mentioned that a deal was very close to being signed. He also…

International Business Times UK

Trump Downplays Latest Iranian Strikes and Reveals Plans to Personally Ask Netanyahu Not to Retaliate

President Trump urges Israeli Prime Minister Netanyahu to avoid retaliating against Iran after recent missile strikes, aiming to preserve a potential US-Iran deal.

The Independent UK

Trump urges Netanyahu not to respond after Iran targets Israel with first strikes since April

US president ‘told’ Israeli PM not to retaliate as the IDF said it was ready to hit back ‘with determination’

Axios

Trump's name must be removed from Kennedy Center, judge orders

"Congress gave the Kennedy Center its name, and only Congress can change it," the judge wrote in his ruling.

Axios

The House's top Hispanic Democrat is in an "existential" fight for his political life

Espaillat is soliciting donations from colleagues, with one telling Axios he had "never asked me for money" before.

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