TODAY'S NEWS FLASH:
West Virginia Congressman Calls H-1B Visa Program a Scam Against American Workers
South Carolina Republican Pushes Bill to Make Third World Travel Ban Permanent
103 House Democrats Back Failed Effort to End Israel Military Aid
Former SEC Chairman Clayton Faces Senate After Delayed Confirmation Process
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Political Landscape
House Conservatives End Revolt After Leadership Commits to Border Security Votes
Several dozen House Republicans ended a weeks-long standoff with Speaker Mike Johnson after extracting firm commitments on the SAVE America Act and border security legislation. The deal breaks a logjam that had paralyzed floor proceedings for weeks.
Bipartisan PROMISE Act Would Force Congress to Vote on Social Security Solvency
Eight senators introduced legislation creating a fast-track process requiring Congress to vote on a 50-year solvency plan as the 2032 trust fund depletion date looms. The bill aims to force action before benefits face automatic cuts.
Global Impact
U.S. Strikes Iran for Third Night as Strait of Hormuz Conflict Escalates
American forces have hit more than 80 Iranian military targets after Tehran attacked commercial vessels in the Strait of Hormuz, breaking a ceasefire. The strikes mark the most sustained U.S. military action against Iran in decades.
Swedish Court Orders Google to Pay $1.5 Billion in Landmark Antitrust Ruling
Sweden's Market Court ruled Google must pay damages to PriceRunner for unlawfully favoring its own shopping service. The decision marks Europe's largest competition-related award against a tech giant.
Economic Pulse
Big Tech's $25 Billion AI Bet Faces Judgment Day as Earnings Season Begins
The five largest tech companies will reveal whether their massive AI investments are generating returns when they report Q2 earnings over the next two weeks. Investors are watching closely for signs of ROI.
AI Chip Stocks Shed Trillion as Custom Silicon Threat Rattles Semiconductor Bulls
The AI trade that minted trillions in wealth is showing serious cracks as investors question whether massive infrastructure spending can generate adequate returns. Custom chips from cloud giants are eating into GPU makers' moat.
Quick Takes
Missing California millionaire’s remains identified 45 years after her disappearance. A 39-year-old carpet salesman described as the 80-year-old woman’s “companion” was convicted of her murder despite the body never being found.
Danny Boyle’s Rupert Murdoch movie ‘Ink’ to open Venice Film Festival. A new film about the rise of media tycoon Rupert Murdoch and “The Sun” editor Larry Lamb has been selected to open the Venice International Film Festival, organizers said Thursday.
Victoria Gotti's son Carmine Agnello asked a federal judge to delay his prison sentence so he can donate a kidney to his mother.
Worth Checking Out
Hollywood insiders are furious that this "Beverly Hills neck trick" leaked. It restores your "Triangle of Youth" by visibly lifting a sagging neck, drooping jaw, and "turkey neck" in just minutes from home. See it here before it gets taken down.
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