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US June jobs report disappoints with 57,000 payroll gain, raising labor market concerns

The US labor market showed signs of weakening in June 2026, with payrolls rising by only 57,000, roughly half the expected gain. Prior months were revised down by a combined 74,000 jobs. The unemployment rate ticked down to 4.2% as 720,000 people left the labor force, driving the participation rate to 61.5%. Prime-age participation saw its largest one-month decline outside the pandemic in a decade. Wage growth accelerated to 3.5% year-over-year, but the overall picture leaves policymakers uncertain whether the slowdown is temporary or the start of a weaker phase.

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The US labor market showed signs of weakening in June 2026, with payrolls rising by only 57,000, roughly half the expected gain. Prior months were revised down by a combined 74,000 jobs. The unemployment rate ticked down to 4.2% as 720,000 people left the labor force, driving the participation rate to 61.5%. Prime-age participation saw its largest one-month decline outside the pandemic in a decade. Wage growth accelerated to 3.5% year-over-year, but the overall picture leaves policymakers uncertain whether the slowdown is temporary or the start of a weaker phase.

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US Supreme Court term sidelines Congress, strengthens presidency and judiciary

The US Supreme Court's latest term has significantly curbed congressional power while expanding presidential and judicial authority. Key rulings limited Congress's ability to insulate regulators from presidential control, restrict political party spending, and enforce race-conscious voting districts. The court applied the unitary executive theory to strengthen presidential control over federal agencies, and increasingly used its shadow docket to handle major Trump administration actions on immigration, foreign aid, and federal workforce changes. Critics argue the court selectively applies legal philosophies to achieve desired outcomes, with Chief Justice John Roberts writing three major rulings against Trump. The term signals a continuing shift of power from Congress to the executive and judiciary.

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The US Supreme Court's latest term has significantly curbed congressional power while expanding presidential and judicial authority. Key rulings limited Congress's ability to insulate regulators from presidential control, restrict political party spending, and enforce race-conscious voting districts. The court applied the unitary executive theory to strengthen presidential control over federal agencies, and increasingly used its shadow docket to handle major Trump administration actions on immigration, foreign aid, and federal workforce changes. Critics argue the court selectively applies legal philosophies to achieve desired outcomes, with Chief Justice John Roberts writing three major rulings against Trump. The term signals a continuing shift of power from Congress to the executive and judiciary.

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OpenAI proposes 5% government stake to ease regulatory tensions

Background: President Trump proposed the US government taking an ownership stake in AI companies for public benefit, with OpenAI and Anthropic backing the concept. Today: OpenAI has proposed giving the U.S. government a 5% stake in the company, according to the Financial Times. The preliminary proposal aims to align government interests with AI development and potentially ease regulatory hurdles for model releases. The deal would likely require an act of Congress and could include other AI labs giving over a similar stake, potentially through a vehicle that would give American households exposure to AI investments. Critics view it as a PR stunt or political move to gain favor with the Trump administration, while supporters argue it could share AI's financial benefits with the public. Additionally, Altman proposed a U.S.-led international forum to establish AI regulatory standards.

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Background: President Trump proposed the US government taking an ownership stake in AI companies for public benefit, with OpenAI and Anthropic backing the concept. Today: OpenAI has proposed giving the U.S. government a 5% stake in the company, according to the Financial Times. The preliminary proposal aims to align government interests with AI development and potentially ease regulatory hurdles for model releases. The deal would likely require an act of Congress and could include other AI labs giving over a similar stake, potentially through a vehicle that would give American households exposure to AI investments. Critics view it as a PR stunt or political move to gain favor with the Trump administration, while supporters argue it could share AI's financial benefits with the public. Additionally, Altman proposed a U.S.-led international forum to establish AI regulatory standards.

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Analysis: Trump's Iran war and ceasefire deal create dangerous future; alternative strategy proposed

A detailed policy analysis by William F. Wechsler of the Atlantic Council argues that the Trump administration's war against Iran and the subsequent 14-point ceasefire agreement have empowered Iran, legitimized its control over the Strait of Hormuz, and undermined US interests. The analysis draws historical parallels to past US foreign policy mistakes and warns of three negative scenarios: a disastrous final deal, a rushed return to war, or a slow deterioration leading to a future war. It proposes an alternative strategy of prolonging negotiations, reinforcing military posture in the Gulf, and preparing for future conflict or regime change, calling for a new negotiating approach, a renewed US military commitment to the region, and long-term preparation for both another war and supporting Iranian opposition.

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A detailed policy analysis by William F. Wechsler of the Atlantic Council argues that the Trump administration's war against Iran and the subsequent 14-point ceasefire agreement have empowered Iran, legitimized its control over the Strait of Hormuz, and undermined US interests. The analysis draws historical parallels to past US foreign policy mistakes and warns of three negative scenarios: a disastrous final deal, a rushed return to war, or a slow deterioration leading to a future war. It proposes an alternative strategy of prolonging negotiations, reinforcing military posture in the Gulf, and preparing for future conflict or regime change, calling for a new negotiating approach, a renewed US military commitment to the region, and long-term preparation for both another war and supporting Iranian opposition.

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Trump grants acting DNI Pulte broad declassification authority, alarming intelligence officials

President Donald Trump stated that acting Director of National Intelligence Bill Pulte can declassify 'whatever he wants' during his short tenure, raising fears among former intelligence officials that sensitive capabilities, foreign relationships, and sources could be exposed. The move is part of a broader declassification push tied to Trump-era grievances, bypassing standard interagency review processes and potentially endangering national security partnerships.

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President Donald Trump stated that acting Director of National Intelligence Bill Pulte can declassify 'whatever he wants' during his short tenure, raising fears among former intelligence officials that sensitive capabilities, foreign relationships, and sources could be exposed. The move is part of a broader declassification push tied to Trump-era grievances, bypassing standard interagency review processes and potentially endangering national security partnerships.

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Lithuanian parties agree to lift constitutional ban on nuclear weapons amid worsening security

Lithuania had been in talks with the US to host American nuclear weapons. Now, parliamentary parties have agreed to lift the constitutional ban on nuclear weapons and foreign military bases, with 50 MPs submitting an amendment. The move requires two-thirds majorities in two parliamentary votes and could be adopted by the end of 2025. President Gitanas Nauseda cited worsening regional security and said there are no immediate plans to store nuclear weapons, but the change allows flexibility. The debate gained momentum after French President Emmanuel Macron proposed a European nuclear deterrence framework and the US reportedly considers deploying nuclear weapons in additional NATO countries. Finland recently repealed its own ban.

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Lithuania had been in talks with the US to host American nuclear weapons. Now, parliamentary parties have agreed to lift the constitutional ban on nuclear weapons and foreign military bases, with 50 MPs submitting an amendment. The move requires two-thirds majorities in two parliamentary votes and could be adopted by the end of 2025. President Gitanas Nauseda cited worsening regional security and said there are no immediate plans to store nuclear weapons, but the change allows flexibility. The debate gained momentum after French President Emmanuel Macron proposed a European nuclear deterrence framework and the US reportedly considers deploying nuclear weapons in additional NATO countries. Finland recently repealed its own ban.

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Trump administration redefines alliances around AI capabilities, using export controls as leverage

The Trump administration is reshaping U.S. alliances around artificial intelligence, prioritizing partners that can help America win the AI race over traditional shared values. The White House is blocking allies from accessing frontier AI models like Anthropic's Fable and Mythos, criticizing Europe for lacking its own AI industry, and using export controls as leverage. At the same time, the U.S. is pursuing supply chain deals through the Pax Silica initiative, signing up the EU and European governments. European Commission spokesperson Thomas Regnier said the bloc is looking forward to intensifying discussions with Anthropic for Mythos access via Project Glasswing, while the EU has a delegation in the U.S. to set up a tech dialogue covering frontier models, chip supply chains, and cybersecurity. The UAE's assistant foreign minister Omran Sharaf stressed the importance of including trusted partners in the process. The administration's approach creates a transactional dynamic where allies must adjust to being considered trusted partners only in some cases.

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The Trump administration is reshaping U.S. alliances around artificial intelligence, prioritizing partners that can help America win the AI race over traditional shared values. The White House is blocking allies from accessing frontier AI models like Anthropic's Fable and Mythos, criticizing Europe for lacking its own AI industry, and using export controls as leverage. At the same time, the U.S. is pursuing supply chain deals through the Pax Silica initiative, signing up the EU and European governments. European Commission spokesperson Thomas Regnier said the bloc is looking forward to intensifying discussions with Anthropic for Mythos access via Project Glasswing, while the EU has a delegation in the U.S. to set up a tech dialogue covering frontier models, chip supply chains, and cybersecurity. The UAE's assistant foreign minister Omran Sharaf stressed the importance of including trusted partners in the process. The administration's approach creates a transactional dynamic where allies must adjust to being considered trusted partners only in some cases.

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B-52 Bombers Depart UK After Iran War Deployment Amid Fragile Ceasefire

Six U.S. Air Force B-52 Stratofortress bombers departed RAF Fairford, England, ending a deployment that supported strikes against Iran during the Epic Fury campaign. The departure coincides with ongoing indirect U.S.-Iran talks in Doha, though the ceasefire remains fragile and President Trump has threatened to resume bombing. The B-52s' removal may signal a drawdown, but the U.S. retains B-1 bombers at Fairford and can launch strategic bombers from the U.S.

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Six U.S. Air Force B-52 Stratofortress bombers departed RAF Fairford, England, ending a deployment that supported strikes against Iran during the Epic Fury campaign. The departure coincides with ongoing indirect U.S.-Iran talks in Doha, though the ceasefire remains fragile and President Trump has threatened to resume bombing. The B-52s' removal may signal a drawdown, but the U.S. retains B-1 bombers at Fairford and can launch strategic bombers from the U.S.