What's going on: The US and Iran say they’ve reached a deal, a major step on the road to end the war in Iran. Officials made conflicting statements about terms and haven't publicly released the text, but say the agreement has two major tenets. First, a 60-day ceasefire to end attacks. Second, the Strait of Hormuz will (finally) reopen.
Is it a done deal?: Not exactly. After months of reversals and brinkmanship, analysts warn that plenty could still go wrong. But a signing ceremony is set to take place Friday. Then more negotiations can begin, including on two of the biggest sticking points: American sanctions on Iran and limits on Tehran’s nuclear program. In other words, they saved a few of the hardest conversations for later. It's also unknown how the plan addresses Israel and Hezbollah's ongoing conflict. Iran has said the agreement calls for the end of military operations in Lebanon, but Prime Minister Benjamin Netanyahu said Israeli forces would remain there, seeming to distance himself from the deal.
What does this mean for prices?: Vice President JD Vance told CNBCthe Strait will be opened “in a toll-free way for the long term,” though Iran’s foreign minister says the deal will allow the country to charge maritime service fees. Oil prices fell immediately when the news broke, and analysts say the drop should continue once traffic through the shipping lane ramps back up. However, customers likely won’t feel meaningful relief right away, due to the economic domino effects still in motion. It could be months before costs begin to normalize. Economic recovery is not just about opening the waterway, but repairing damaged infrastructure and rebuilding inventories. So don’t abandon your carpool just yet.
🗞️ Yet another one of President Donald Trump’s enemies says he is now being investigated by the Department of Justice, and claims it’s all because of his presidential ambitions.
🗞️ At the G7 Summit, President Trump has very different priorities than some other world leaders. Experts predict talks could get “fiery," though they started out cordially.
🗞️ In a new documentary, Rep. Sarah McBride (D-DE) opened up about experiencing anti-trans hate as she rose to prominence in Congress.
🗞️ Costco is challenging a lawsuit questioning the integrity of its famous rotisserie chicken — and its argument is bold. Crying foul on their fowl.
🗞️ This media company is buying Roku. But what will it mean for the Roku City Godzilla?
What’s going on: We know getting kids to lock in — on everything from reading to learning a second language — can shape how their brains grow and expand. But a new study suggests something else may matter even more. Researchers analyzed brain scans from more than 2,300 children ages 9 to 10 and found that socioeconomic factors (including household income, school quality, and neighborhood conditions) were “the dominant variable” in brain development. They also found preteens from lower-income neighborhoods with less social support showed brain patterns indicating higher stress and less sleep. These findings suggest previous research linking IQ and mental health with brain development might not be as strong.
More than a ZIP code: This might mean that socioeconomic status can become “biologically embedded,” meaning where and how a child grows up may influence their mental makeup. It’s a powerful addition to the long-running nature-versus-nurture debate, offering evidence that a kid’s backyard may matter more than the test scores in their backpack. The study doesn’t prove that poverty causes these brain differences, but it shows that cognitive development can be shaped by factors beyond a parent or child’s control. Researchers say the next step is understanding the mechanisms behind these changes. Their biggest areas of focus: sleep, stress, and screen time. As one researcher put it, the data are “screaming” that those factors deserve more attention.
What's going on: AI hiring tools were supposed to make hiring simpler for both candidates and recruiters. The reality is pretty much exactly the opposite. Candidates now tailor resumes to satisfy screening tools, which means recruiters often get stacks of nearly-identical applications packed with the same keywords and phrases. Then, there’s the bias. A large study of AI hiring systems found that Black and Asian applicants were disproportionately screened out. Researchers also identified what they called “algorithmic blackballing”: Candidates rejected by one company were more likely to face rejections from another employer that used the same screening tools. In another study, reviewers who saw identical AI-assisted resumes were significantly more likely to question a female candidate’s trustworthiness than a male candidate’s. The more technology changes, the more sexism stays the same.
So what happens now?: The result is a trust gap on both sides: Employers don’t trust what candidates submit, and candidates don’t trust the algorithms judging them. Some companies are responding by looking beyond resumes. Hiring managers increasingly rely on “backdoor references,” quietly checking with former colleagues and contacts. Others have brought back in-person interviews (what a throwback) or focus more on direct recruiting than public job postings. But those workarounds can reinforce the same racial, gender, and socioeconomic biases some companies hoped AI would eliminate. AI was supposed to make hiring more efficient. Instead, it exposed how much the process still runs on trust — something that algorithms haven’t figured out how to replace.
Hot take: figuring out your phone bill shouldn’t require a calculator. Good thing Verizon’s new Simplicity Plan starts at $45/line for current customers — or an initial promo of $30/line if you’re switching from another mobile carrier. You get access to Verizon’s best 5G network for one straightforward price with no tiers to decode. Just reliable connectivity at a price that actually makes sense. Turns out, simple is the new standard.
🎂 A discontinued Hostess treat is coming back for America’s 250th birthday. You’ll have to provide the candles.
🍼 This celebrity little sister is pregnant with her first child. If her fashionable sisters have taught us anything, it’s that we’re in for one stylish baby.
🌼 Gardeners say this flower is a top pick for beating summer heat waves — and you (likely) won't kill it. We’ll take them in every color.
