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Mornly

Sunday, July 5, 2026

Top news

  • Ayatollah Ali Khamenei's flag-draped casket was displayed in Tehran with millions expected to attend his dayslong funeral after his death in an airstrike.
  • President Trump announced pardons for people convicted of emissions and clean air-related violations prosecuted for modifying their vehicles.
  • Organizers canceled Washington's Independence Day Parade due to extreme heat with temperatures expected to reach 115 degrees.

World

  • Iran began a dayslong funeral Saturday for the late Supreme Leader Ayatollah Ali Khamenei, months after an airstrike killed him at the start of the war, with mourners gathering in Tehran.
  • China's President Xi Jinping promoted newly generals Wang Shuguang and Wang Gang on Friday in a shake-up believed to ensure the military's loyalty to the Communist Party.
  • Venezuelan authorities put the death toll from twin earthquakes on June 24 at more than 1,700, with 5,034 injured and up to 68,000 missing.

Business

  • Trump Accounts, a new federal savings investment vehicle for children, went live on July 4.
  • Google's 2025 environmental report revealed a 37% year-over-year increase in electricity consumption, primarily attributed to rapid AI infrastructure and data center expansion.
  • Microsoft announced Microsoft Frontier Company, a new operating unit backed by a $2.5 billion investment staffed by approximately 6,000 engineers to embed AI systems directly with enterprise clients.

Technology

  • OpenAI floated a plan to give the U.S. government a 5% stake in the company as part of discussions with the Trump administration.
  • Meta is preparing to rent out its own AI compute capacity, and Google's data centers drove a record 37% jump in electricity use.
  • Anthropic began preliminary discussions with Samsung Electronics to manufacture a custom AI accelerator using Samsung's advanced chip technologies.

Science

  • Researchers created quantum control techniques making a system appear to run backward in time by precisely managing quantum measurements.
  • Scientists discovered a common stroke type may be caused by enlarged and damaged blood vessels deep in the brain, not fatty plaque as previously thought.
  • A spray-on powder developed by KAIST can stop life-threatening bleeding in one second by instantly forming a strong gel over a wound.

Economy

  • June payroll employment added only 57,000 jobs and unemployment stayed at 4.2 percent, both essentially flat.
  • April and May jobs figures were revised down by a combined 74,000, suggesting job growth is slowing more than initially reported.
  • Average hourly earnings increased 3.5 percent over the year, but recent price data suggest year-over-year real wages likely fell in June as workers struggle to keep pace with inflation.

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