Iran held funeral ceremonies for Supreme Leader Ayatollah Ali Khamenei, who was killed in an airstrike on February 28 at the start of the U.S.-Israeli war against Iran.
Ukrainian drone attacks knocked out a third of Russia's refining capacity, causing petrol shortages across more than half of Russia's regions, while a severe medical crisis looms in Venezuela following June 24 earthquakes that killed 2,295 and injured over 11,000.
NASA Administrator Jared Isaacman said the U.S. is in a space race against China to land astronauts on the moon and secure a near-permanent presence.
World
Iran's Supreme Leader Ayatollah Ali Khamenei, who ruled for over three decades, was killed in an airstrike on February 28 during the U.S.-Israeli war against Iran, with funeral ceremonies held Saturday in Tehran.
Chinese President Xi Jinping promoted new generals Wang Shuguang and Wang Gang on July 3 in what officials believe is an effort to ensure military loyalty to the Communist Party.
The Vatican declared the Society of St. Pius X in schism and excommunicated its bishops and priests after the traditionalist group consecrated bishops without papal consent.
Business
SpaceX entered the Nasdaq-100 index, typically triggering automatic index fund buying pressure on the stock.
SK Hynix opened trading on Nasdaq looking to raise $29 billion in what is set to be the biggest foreign IPO in US history, with shares jumping 770 percent over the past year.
Shutterstock and Getty Images terminated their $3.7 billion merger agreement after the UK Competition and Markets Authority imposed conditions Getty's board rejected.
Technology
Microsoft launched Frontier Company, a new operating unit backed by $2.5 billion and 6,000 engineers, to embed AI expertise with enterprise clients and optimize systems at scale.
Anthropic announced a drug discovery program targeting neglected diseases alongside Claude Science, a workbench with 60+ tools for researchers in beta.
Google's data centers drove a record 37% jump in electricity use in 2025, with facilities consuming over 42 million megawatt-hours annually.
Science
Researchers identified the brain circuitry linking deep sleep with growth hormone release, while ETH Zurich scientists created a light-controlled molecular switch to destroy receptors that allow cancer cells to enter dormancy triggered by stress hormones.
Physicists developed a new optical centrifuge that can precisely spin molecules inside a superfluid for the first time, potentially unlocking quantum liquids mysteries.
A UCLA study identified a critical weakness in aggressive small cell cancers that lack the RB gene, finding they become dependent on the protein E2F3 for survival.
Economy
Nonfarm payroll employment gained only 57,000 in June with the unemployment rate at 4.2 percent, showing little change.
The annual inflation rate rose to 4.2 percent in May, the highest level since April 2023, with energy costs jumping 23.5 percent due to the conflict with Iran.
The Federal Reserve held rates steady at 3.50-3.75 percent at its June meeting, with half the committee expecting a rate hike later this year.
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