TODAY’S NEWS FLASH:
Political Landscape
Trump administration threatens to take Harvard's patents
The federal government told Harvard University on Friday it could take control of the school's patents stemming from federally funded research — the latest in a months-long feud between the Trump administration and the Ivy League college.
Trump removes IRS boss, Treasury Secretary Bessent takes over for now
President Donald Trump on Friday removed Internal Revenue Service Commissioner Billy Long and is replacing him temporarily with Treasury Secretary Scott Bessent, three sources with knowledge of the matter told NBC News.
Global Impact
Outrage at Israeli plan to take over Gaza City that could displace 1m Palestinians
The future of 1 million Palestinians hangs in the balance after Israel’s security cabinet approved a new ground offensive aimed at taking complete control of Gaza’s largest city in a decision that has triggered global outrage.
Zelenskyy rejects Trump's proposal that Ukraine could swap territories with Russia
Ukraine’s President Volodymyr Zelenskyy defiantly declared Saturday that his countrymen “will not give their land to occupiers,” after President Donald Trump suggested that a peace deal would include some “swapping” of territories with Russia.
Economic Pulse
3 things you need to know about Trump’s nominee for the Fed
President Donald Trump’s nominee to the Federal Reserve Board has implications for the central bank's monetary policy decisions.
What U.S. consumers can expect from new tariffs on imported goods
American businesses and consumers soon will have a better idea of how President Donald Trump’s foreign trade agenda might affect them now that the United States has imposed higher tariffs on products from dozens of countries.
Quick Takes
An Ozzy Osbourne biopic is moving forward following the rock legend’s death in July 2025 — and Us has thoughts on who should be cast in the iconic lead role.
STOP Taking This Popular Vitamin and Learn the $1 Fix That Slashes Heart Attack Risk by 43%.
Nagasaki is marking the U.S. atomic attack on the southern Japanese city 80 years ago and survivors of the attack are working to make their hometown the last place on earth hit by the bomb.
The Perseids meteor shower — considered one of the best shows in the sky — is set to peak next week. But the peak for fireballs shooting through the night sky coincides this year with a bright moon that is expected to negatively impact visibility for eager viewers.
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