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Mornly

Monday, June 29, 2026

Top news

  • Twin earthquakes killed more than 1,400 people in Venezuela with tens of thousands unaccounted for as rescue teams race against time.
  • Three firefighters were killed fighting the Cottonwood Fire in southwest Utah, which burned more than 144 square miles after marching through canyons and mountainsides.
  • Rep. Julia Letlow defeated state Treasurer John Fleming in Louisiana's Republican Senate runoff, nearly ensuring she will succeed Sen. Bill Cassidy.

World

  • Earthquakes struck Venezuela on June 25 with vast damage reported in Caracas, prompting a state of emergency in a nation unprepared for seismic activity.
  • U.S. official warns Iran that Trump will not tolerate continued attacks on international shipping or military bases, while Tehran threatens to halt nuclear negotiations.
  • An Israeli soldier was killed in southern Lebanon firefight with Hezbollah Sunday, just two days after a new ceasefire agreement signed in Washington between the two sides.

Business

  • Alphabet replaces Verizon in the Dow Jones Industrial Average, with the change taking effect on June 29.
  • Micron Technology jumped 13% on a sales forecast that topped estimates after AI-fueled shortages of computer memory chips sent prices soaring.
  • ServiceNow laid off hundreds of employees as the enterprise software company continues to increase its use of artificial intelligence.

Technology

  • Trump administration asked OpenAI to limit GPT 5.6 rollout to trusted partners with government approval, after Sam Altman discussed approach with national security officials.
  • Samsung announced decade-long investment of 1,000 trillion won (roughly $648 billion) in South Korea for chip factories, AI data centers, batteries, and displays to boost economic growth and strengthen semiconductor position.
  • Apple's Vision Pro chief is leaving for OpenAI to start a hardware division.

Science

  • A sunlight-powered material can convert visible light into higher-energy UV light, overcoming a challenge that has frustrated scientists for years.
  • Scientists discovered that Heliconius butterflies have evolved an extraordinary lifespan, living several times longer than closely related species, with some showing little sign of physical decline as they age.
  • Researchers uncovered why H5N1 bird flu attacks cows' udders instead of their lungs: the virus's preferred receptors are concentrated in mammary tissue.

Economy

  • Federal Reserve held benchmark overnight borrowing rate at 3.5%-3.75% on June 17 in Kevin Warsh's first meeting as chair, but nine of eighteen officials now anticipate at least one rate hike before year-end, reversing earlier expectations for cuts.
  • PCE inflation forecast jumped to 3.6% for 2026 from 2.7% in March, with May consumer price index showing 4.2% annual inflation rate, driven partly by Middle East conflict pushing energy prices higher.
  • Nonfarm payroll gained 172,000 in May with unemployment unchanged at 4.3%, showing labor market resilience that complicates Fed's ability to cut rates despite inflation concerns.

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