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Iran Strikes Ship in Strait of Hormuz as Rubio Meets Gulf Leaders23:16 The attack, confirmed by U.S. and Iranian officials, came after Tehran threatened to disrupt traffic in the waterway and as Washington sought regional support for its peace agreement. OpenAI Leans Toward Holding Up I.P.O. Until Next Year22:42 The A.I. company’s advisers are pushing its chief executive, Sam Altman, to move slowly after SpaceX’s stock has been volatile and as the start-up grapples with financial challenges. Movement Through Strait of Hormuz Is Halted After Attack on Cargo Ship22:07 The strike on a vessel near the coast of Oman prompted a U.N. agency to pause an evacuation of ships from the Persian Gulf. Medical Journal Retracts Study Claiming Cancer Therapy Is More Effective When Given in the Morning21:33 In a notice flagging a series of problems with a clinical trial, the journal Nature Medicine said its editors “no longer have confidence in the integrity of the results.” SpaceX IPO Shows How Investors in Public Companies Are Losing Power18:40 SpaceX has joined a growing cohort of companies that use dual class share structures to ensure many shareholders have little say in how they are run. Chemours to Pay $450M in First Federal PFAS Settlement17:32 The settlement addresses the dumping of PFAS “forever chemicals,” which have been linked to cancer and other risks, by Chemours in several states. Apple Raises Prices on Macs and iPads Amid the A.I. Boom17:32 The tech giant cited the soaring costs of memory and storage chips as it increased prices more than $200 on some devices. Supreme Court Rejects Lawsuit Alleging Roundup Weedkiller Caused Cancer16:56 The court’s decision is likely to determine the future of thousands of lawsuits against Bayer, which manufactures the weedkiller, over similar claims. Marianne Lake, a Potential Dimon Successor, Leaves JPMorgan16:20 Another potential successor, Marianne Lake, is leaving JPMorgan, as the longstanding chief executive enters his third decade atop the bank. Inflation Accelerated in May as Iran War Pushed Up Prices15:46 A closely watched measure of inflation ticked up as the conflict in the Middle East inflated energy prices. The Taylor Swift Wedding and a Hot New York Summer14:02 Should Taylor Swift and Travis Kelce tie the knot in New York City, their nuptials would be another economic event for the Big Apple. Larry Sanger, a Wikipedia Founder, Is Barred From Editing on the Site14:02 A vote to bar Larry Sanger indefinitely from the volunteer community of Wikipedia came days after he submitted a proposal on “intellectual diversity.” Big Companies Aim to Ease A.I. Transition for American Workers11:12 OpenAI, Anthropic, Amazon and Microsoft have signed on to an effort led by Gina Raimondo, a former commerce secretary. Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz11:12 Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy. U.S. Inflation Problems Are Far From Over11:12 The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs. |
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