The US and Iran signed a memorandum of understanding for negotiations, starting a 60-day period to reach a final agreement by August 17 with a proposed $300 billion economic fund.
Labour's Andy Burnham won a special parliamentary election in Britain, positioning him to potentially challenge Prime Minister Keir Starmer for leadership.
Mexico became the first team to secure World Cup knockout qualification with a 1-0 win over South Korea, while Canada advanced with a dominant 6-0 victory over Qatar.
Business
SpaceX shares surged 13% Tuesday after its record-breaking IPO, briefly overtaking Microsoft to become the fourth-largest U.S. company with a $2.94 trillion market cap.
Madison Square Garden Sports shares climbed after the New York Knicks won their first NBA Championship since 1973, with the stock up roughly 49% year-to-date.
Nine of 18 Federal Reserve officials now see interest rates increasing in 2026, shifting market expectations after the Fed's Wednesday policy announcement.
Technology
SpaceX acquired AI coding startup Cursor for $60 billion in an all-stock deal expected to close in Q3 2026.
Apple is partnering with Intel for US chip production while growing smartphone sales despite the declining market.
Midjourney announced an AI-powered MRI body scanner launching in 2027.
Artificial intelligence
Anthropic restored Claude Fable 5 online after six days of government-forced shutdown, following tense negotiations with White House officials.
Google deployed Gemini 2.5 Flash as its default model across all Gemini products, replacing previous versions across the platform.
OpenAI published groundbreaking research on AI-powered drug discovery, marking a major advance in biotech applications.
Sports
USA beat Australia 2-0 in World Cup action, clinching a knockout round spot without injured star Christian Pulisic.
Wyndham Clark holds a four-shot lead heading into the weekend at the U.S. Open at Shinnecock Hills after posting a 36-hole record of 7-under.
Defender Alex Freeman scored on a header before halftime while Folarin Balogun's pass led to an own goal in the USA's dominant performance.
Good news
Deaths from alcohol, drugs and suicide in the US fell sharply in 2024, with alcohol deaths declining 4%, drug deaths dropping 26%, and suicides falling 3%.
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