The U.S. blockade of Iranian ports is back in effect, and the U.S. launched a new round of strikes on Iran after President Trump reversed course on charging a toll in the Strait of Hormuz.
President Volodymyr Zelenskyy fired Ukraine's Defense Minister Mykhailo Fedorov after thousands demonstrated against the decision, though Fedorov had gained popularity for his use of battlefield drones against Russia.
The House Budget Committee advanced a plan to pass $95 billion in new spending, including up to $60 billion for the Pentagon and election-related spending tied to the SAVE America Act.
World
Russian ballistic missiles and drones killed at least 22 people and injured 56 in Kyiv Oblast, Ukraine, with search and rescue efforts underway for civilians trapped under rubble.
Hundreds protested in Kyiv after President Zelenskyy's apparent move to fire his popular defense minister as part of a major government reshuffle.
China's Xi Jinping launched a new AI alliance.
Business
Semiconductor stocks plunged with the PHLX index down 20% from recent highs, while Netflix fell more than 10% after disappointing earnings and guidance, as oil rose above $80 on Middle East conflict.
Swedish defense contractor Saab beat earnings expectations and posted record order backlog of 317.7 billion Swedish crowns, up 60% from a year ago as European governments increased military spending.
Meta is in talks to rent computing power to AI firm Anthropic in a potential $10 billion deal, with negotiations begun in June and currently in early stages.
Technology
China's internet content regulator approved Apple's AI services after a deal to integrate Alibaba's Qwen AI model into iOS, iPadOS, macOS, and visionOS.
TSMC posted a blockbuster quarter as AI chip demand continued to soar.
Cybersecurity companies completed 219 mergers and acquisitions in the first half of 2026, with AI security deals rising from 10 last year to 29, including Akamai's $205 million acquisition of browser-security company LayerX.
Science
An AI tool flagged over 250,000 suspicious cancer research papers from 2.6 million studies published between 1999 and 2024, uncovering a major scientific integrity problem.
Researchers solved how a gut bacterium triggers colon cancer, discovering that a bacterial toxin binds to a receptor called claudin-4 to attack cells' protective barrier.
Scientists created self-destructing living plastic using engineered bacteria that completely degrades in just six days without creating harmful byproducts.
Economy
Annual inflation fell to 3.5% in June, the first decline in five months as energy costs dropped significantly following the US-Iran ceasefire.
June jobs report showed hiring of only 57,000, below consensus expectations of 110,000, though the unemployment rate ticked down to 4.2%.
With inflation above the Fed's 2% target and mixed jobs data, forecasters are split on whether the Fed will raise interest rates after its July 29 meeting.
This was the shared edition.
Subscribers get theirs every morning at 7am, built around their own topics: their teams, a few stocks, their town, even subjects only they follow.