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7 stories. 7 minutes. Daily on the 7's  ·  Saturday, June 13, 2026  ·  Morning Edition

US and Iran near deal to end war and reopen Strait of Hormuz

Washington and Tehran are finalizing a memorandum of understanding to end their months-long war, with terms including reopening the Strait of Hormuz, lifting the US shipping blockade, and a 60-day window to negotiate the destruction of Iran's enriched uranium stockpile.

  • Iranian Foreign Minister Abbas Araghchi said the deal could be signed remotely "in the coming days," though Trump disputed Iranian descriptions of the terms.
  • The UAE has reportedly agreed to release between $10 billion and $20 billion in frozen Iranian funds in exchange for an end to attacks on Emirati territory.
  • US forces shot down Iranian drones near Hormuz even as talks advanced, and Gulf oil flows remain well below pre-war levels of 15 million barrels per day.
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After nearly four months of war, the United States and Iran are on the verge of an agreement to halt hostilities, reopen the Strait of Hormuz, and begin negotiations to dismantle Iran's enriched uranium stockpile. Iranian Foreign Minister Abbas Araghchi told state television Friday that the memorandum of understanding, brokered with Pakistani mediation in Islamabad, will be signed remotely once finalized — possibly within days. US officials confirmed the framework: Iran reopens the strait and the US lifts its shipping blockade immediately, followed by a 60-day window to negotiate the destruction and removal of Iran's enriched uranium.

The diplomacy is unfolding against continued violence. US forces shot down Iranian drones near Hormuz on Friday, and the two sides traded strikes earlier in the week despite an April ceasefire. President Trump has oscillated between threatening to seize Iran's Kharg Island oil terminal and announcing he had cancelled planned strikes because a deal was imminent — a pattern of whiplash that has accompanied the entire negotiation.

In a striking parallel move, the United Arab Emirates has agreed to release somewhere between $10 billion and $20 billion in frozen Iranian funds, according to Reuters sources, in exchange for Iran ending attacks on Emirati territory. More than $3 billion has reportedly already been transferred. US officials insist no money will flow up-front from Washington until Iran meets nuclear obligations.

The stakes are enormous. The Strait of Hormuz carries roughly a fifth of global oil and LNG supplies, and its effective closure since February has driven global inflation. Oil is now trickling back out under US Navy escort — Trump claims a "secret mission" moved over 100 million barrels — but volumes remain far below the pre-war 15 million barrels per day. Iran, meanwhile, is buckling under a US blockade of its own oil exports; President Masoud Pezeshkian acknowledged this week that the country faces "a difficult test." The lopsided pressure is what has finally pushed Tehran toward terms it spent months rejecting.

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Trump's name pried off Kennedy Center after judges reject stay

Workers began removing President Trump's name from the John F. Kennedy Center for the Performing Arts overnight Saturday, hours after federal courts rejected the administration's emergency requests to halt a ruling that the rebranding violated federal law.

  • U.S. District Judge Christopher Cooper ruled in May that adding Trump's name to the Kennedy Center was illegal without an act of Congress and ordered it removed by June 12.
  • An appellate panel denied the Justice Department's emergency stay Friday evening, and crews began dismantling the lettering around 3 a.m. Saturday as crowds chanted "take it down."
  • The episode comes as Trump simultaneously hosts a UFC fight on the White House South Lawn for his 80th birthday — a separate event a judge allowed to proceed Friday.
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In the early hours of Saturday morning, construction crews on scaffolding pried President Trump's name letter by letter from the marble facade of the John F. Kennedy Center for the Performing Arts. Hundreds of onlookers in Washington, D.C., gathered through a thunderstorm to watch, chanting "take it down" and singing "God Bless America" as the rebranding — barely six months old — was undone.

The removal followed a cascade of legal defeats for the administration. U.S. District Judge Christopher Cooper ruled on May 29 that putting Trump's name on the federally chartered arts institution required an act of Congress, and ordered the change reversed within 14 days. On Friday, Cooper denied the Kennedy Center board's request to pause his order pending appeal, finding the defendants had not shown irreparable harm. A three-judge appellate panel then rejected an emergency stay from the Justice Department hours before the midnight deadline.

The Kennedy Center, established in 1971 as the national memorial to the assassinated president, has been a flashpoint since Trump installed himself as chairman of its board earlier this year and oversaw the renaming. Artists cancelled shows, donations dropped, and the institution's traditional bipartisan profile collapsed.

The spectacle plays out as Trump prepares to host a UFC "Freedom 250" card on the South Lawn of the White House Saturday — on his 80th birthday — after a separate federal judge declined to block that event. The two rulings together capture a president who treats federal property as personal stage, and the courts' uneven willingness to push back.

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SpaceX prices record $75 billion IPO, making Musk world's first trillionaire

SpaceX priced the largest IPO in U.S. history at $135 per share and surged 19% on its first trading day, pushing Elon Musk's net worth past $1 trillion and instantly remaking the public markets around a single company combining rockets, AI, and Musk's social media platform.

  • Shares opened at $150 and held well above the level needed to lift Musk's paper net worth past $1 trillion, larger than the GDPs of all but about 20 countries.
  • SpaceX's S-1 frames the company's mission as building "systems and technologies necessary to make life multiplanetary" — and it has now absorbed Musk's AI and social media businesses.
  • Analysts including the New York Times warn the frenzy could signal a tech bubble, with valuations climbing on speculative AI and space narratives.
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SpaceX priced its initial public offering at $135 per share Thursday night and opened Friday at $150, completing the largest IPO ever conducted on U.S. markets and instantly transforming Elon Musk into the world's first trillionaire on paper. The deal raised roughly $75 billion. Musk's stake in the combined entity — which now bundles SpaceX's rocket business with his AI venture and his social media platform — pushed his net worth past $1.1 trillion, exceeding the GDPs of all but about 20 nations.

The scale is genuinely difficult to comprehend. A trillion seconds is roughly 31,700 years; only a handful of countries on Earth produce more economic output in a year than Musk now controls on paper. SpaceX President Gwynne Shotwell hinted at a possible future Tesla merger, which she said "might make Elon Musk's life a little easier."

The IPO landed amid an extraordinary speculative atmosphere. The New York Times warned the mega-IPO frenzy could be a harbinger of a stock bubble, with tech valuations defying gravity on AI and space narratives. Bezos's new AI startup Prometheus, targeting an "artificial general engineer," just raised $12 billion at a $41 billion valuation. Anthropic and OpenAI are locked in a legal war while the Trump administration moves to block foreign access to Anthropic's top models.

Beneath the euphoria sit harder facts. Musk's Department of Government Efficiency dismantled USAID earlier this year, a move public health researchers credit with contributing to hundreds of thousands of preventable deaths globally. He is now the richest person in human history, with unprecedented control over rockets, satellite internet, AI infrastructure, electric vehicles, and a major social media platform — a concentration of economic and informational power without modern precedent.

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US blocks foreign access to Anthropic's most advanced AI models

The Trump administration is restricting foreign governments, companies, and individuals from accessing Anthropic's top-tier AI models, marking a sharp escalation in the use of export controls against frontier AI as the legal and commercial war between Anthropic and OpenAI intensifies.

  • The block covers Anthropic's most capable Claude models and applies to foreign governments, companies, and individuals, according to Axios.
  • The move treats frontier AI like a strategic military technology, extending the export-control playbook used for advanced chips.
  • It lands as Anthropic and OpenAI fight a bitter legal and competitive war that has defined the generative AI boom.
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The Trump administration has moved to block foreign access to Anthropic's most advanced AI models, Axios reported and Reuters confirmed Friday — a striking expansion of US export controls into the realm of software itself. The restriction would apply to foreign governments, companies, and individuals, treating frontier large language models the way Washington has treated advanced semiconductors: as strategic dual-use technology to be denied to rivals.

The policy targets the cutting edge of the industry. Anthropic's Claude models are widely considered among the two or three most capable AI systems in the world, alongside OpenAI's GPT line and Google's Gemini. By singling out Anthropic, the administration is implicitly conceding what AI researchers have argued for years: the gap between the top labs and everyone else is now wide enough that controlling access matters geopolitically.

The move arrives as Anthropic and OpenAI tear into each other in court and in the market. Reuters reported this week on the "bitter battle" between the two companies, whose rivalry — born when Anthropic's founders broke from OpenAI in 2021 — has driven the pace of the generative AI boom. Meanwhile compute is the central constraint: investor Anjney Midha is pitching a plan to radically lower the cost of compute, and Nothing's CEO warns phone prices are rising as memory shortages bite.

The export control raises uncomfortable questions. Does it actually slow China and other competitors, given that open-weight models from Meta and Chinese labs like DeepSeek are now widely available? Or does it primarily shield US incumbents from foreign competition while normalizing the framing of AI as a national-security commodity? Either way, the line between American tech company and American strategic asset just got blurrier.

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USA routs Paraguay 4-1 in home World Cup opener

The U.S. men's national team opened its first home World Cup in 32 years with a 4-1 thrashing of Paraguay in front of 70,492 fans at SoFi Stadium, with Folarin Balogun scoring twice and Christian Pulisic running the show before halftime.

  • Balogun became the first U.S. player to score twice in a World Cup match since 1930, and the team's three-goal first half was its largest lead ever in tournament play.
  • Coach Mauricio Pochettino's more aggressive system produced the most dominant U.S. World Cup performance in a generation — the team has just one knockout win in tournament history.
  • Day 2 featured controversies including FIFA blaming empty seats in Guadalajara on fans in concourses and Canada denying a visa to Ghana's Thomas Partey, who awaits trial in London on rape charges.
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The 2026 World Cup arrived in the United States on Friday night with the kind of performance American soccer fans have spent generations waiting for. The U.S. men's national team dismantled Paraguay 4-1 at SoFi Stadium in Inglewood, with Folarin Balogun scoring twice — the first American to bag a brace in a World Cup match since 1930 — and Christian Pulisic dictating play as the team built a 3-0 first-half lead, its largest in any World Cup game.

Gio Reyna added a fourth in injury time, capping the most dominant U.S. World Cup display in living memory. The Americans, who managed only three goals across four matches in Qatar 2022 and have just one knockout-round win in their entire World Cup history, played with confidence and creativity under coach Mauricio Pochettino. Reyna celebrated his goal with a pregnancy announcement for his wife. Pulisic was substituted at halftime with what he later described as a minor knock.

The broader tournament is off to a more uneven start. FIFA spent Friday defending visibly empty seats during the South Korea–Czech Republic match in Guadalajara, blaming fans who watched from the concourses, and continues to face criticism over dynamic ticket pricing that has pushed list prices into five figures. Canada denied a visa to Ghana midfielder Thomas Partey, who awaits trial in London on multiple rape charges he denies; Morocco's Achraf Hakimi, facing similar charges in Paris, will also miss matches. None of the three host-nation leaders attended the opening matches.

With Scotland gripped by football fever ahead of its first men's World Cup in 28 years and Brazil chasing a sixth title under Carlo Ancelotti, the tournament has the storylines. The question for the United States, after a near-perfect opener, is whether this generation can finally turn promise into a deep run.

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DOJ approves Paramount's $111 billion takeover of Warner Bros. Discovery

The Justice Department closed its investigation into the proposed merger of Paramount and Warner Bros. Discovery, clearing the way for a $111 billion combination that unites CBS, HBO, CNN, and a vast film library under a single owner.

  • DOJ said it found no threat to competition or consumers in a deal that joins two of the largest U.S. studio and broadcast groups.
  • The combined company would control CBS, Paramount Pictures, HBO, Warner Bros., CNN, and major streaming services, reshaping Hollywood and cable news.
  • Approval comes amid broader media consolidation and a Trump administration regulatory posture friendly to deals involving politically influential outlets.
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The Justice Department on Friday closed its antitrust review of Paramount's proposed acquisition of Warner Bros. Discovery, clearing the way for a $111 billion deal that will fold HBO, CNN, the Warner Bros. film studio, and Discovery's cable networks into a company that already owns CBS, Paramount Pictures, and a streaming portfolio led by Paramount+. DOJ said it found no threat to competition or consumers.

The scale is staggering. The combined entity would control one of the four broadcast networks, two of Hollywood's storied studios, two major cable news operations, premium pay-TV's flagship brand, and a library spanning Looney Tunes to Star Trek to the DC superhero franchise. It immediately becomes one of the largest content companies in the world, second only to Disney.

The deal's regulatory blessing reflects a permissive Trump administration approach to media consolidation, particularly involving companies that have political leverage with the White House. CBS owner Paramount settled a Trump lawsuit last year to ease its earlier merger with Skydance; CNN, soon to be under the same ownership, has been a frequent presidential target. Critics will note that combining HBO/Max and Paramount+ further squeezes a streaming market already dominated by a handful of giants.

For consumers, the practical effects will unfold over years: streaming bundles, library shuffles, and inevitable layoffs as redundant divisions are merged. For Hollywood labor, fewer buyers of content means weaker bargaining power. For news, the prospect of CBS News and CNN under one corporate roof — at a moment when both face political pressure — raises questions the merger review did not address.

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Ebola outbreak in Congo kills at least 101 as response races to contain spread

An Ebola outbreak in the Democratic Republic of Congo has killed at least 101 people, with aid agencies warning the true toll is likely far higher as health workers struggle to reach affected communities.

  • The confirmed death toll stands at 101, but undercounting is likely given limited surveillance in remote areas.
  • Aid agencies are racing to deploy vaccines, treatment units, and contact tracers in a region with weak health infrastructure.
  • Past Congolese outbreaks have been contained with the licensed Ervebo vaccine, but logistics and community trust remain decisive variables.
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The Democratic Republic of Congo is battling another Ebola outbreak that has killed at least 101 people, with aid agencies warning the actual toll is almost certainly higher because of limited surveillance in remote, conflict-affected areas. The virus, one of the deadliest known human pathogens, kills roughly half of those it infects when untreated.

Response teams from the WHO and partner organizations are deploying ring vaccination campaigns using Ervebo, the licensed Ebola Zaire vaccine, along with mobile treatment units and contact tracing. Congo has the most experience of any country in fighting Ebola — this is its 16th recorded outbreak — and the playbook is well established: isolate cases, vaccinate contacts and frontline workers, build community trust to ensure safe burials and case reporting.

The challenge, as always, is execution. Eastern Congo's ongoing armed conflicts make some affected zones inaccessible to health workers. Misinformation and distrust of outside responders have historically slowed prior outbreaks. And global health funding has been gutted by the Trump administration's dismantling of USAID earlier this year, which removed a major source of pandemic surveillance and emergency response capacity across Africa.

Ebola does not spread efficiently — it requires direct contact with bodily fluids and is far less transmissible than airborne pathogens. The risk of a global pandemic remains low. But for the affected Congolese communities, this is a catastrophe, and the broader story is that the world's early warning and rapid response system for emerging infectious diseases is materially weaker than it was a year ago.

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