These are the top stories for this week
Headlines
Ceasefire with Iran Holds Despite New Tensions
The U.S. military struck Iranian radar and drone control sites over the weekend, calling them self-defense actions, while Iran targeted a U.S.-used air base in response. Pakistani Interior Minister Naqvi arrived in Tehran carrying a letter aimed at restarting negotiations as the fragile ceasefire continues to strain. Source
Karmelo Anthony Found Guilty of Murdering Austin Metcalf
A Collin County jury found 19-year-old Karmelo Anthony guilty of first-degree murder on Tuesday in the fatal stabbing of 17-year-old Austin Metcalf at a Frisco, Texas, track meet in April 2025, after about three hours of deliberation. The jury rejected Anthony’s self-defense claim and sentenced him to 35 years in prison; the trial drew national attention and heavy security as crowds gathered outside the courthouse in 90-degree heat. Find out More
Knicks Stage Biggest Comeback in NBA Finals History, Grab 3-1 Series Lead
OG Anunoby’s tip-in with 1.2 seconds remaining completed the largest comeback in NBA Finals history as the New York Knicks erased a 29-point halftime deficit to defeat the San Antonio Spurs 107–106 in Game 4 Wednesday night, putting New York one win from their first championship since 1973. Anunoby finished with a playoff career-high 33 points, while Victor Wembanyama had 24 points and 13 rebounds for San Antonio, which led 76–49 at the half but shot just 8-for-39 in the second half. Source
SpaceX IPO Set to Make Waves on Wall Street
Elon Musk’s SpaceX began trading Friday under the ticker SPCX after pricing its shares at $135 each and raising $75 billion — the largest IPO in history — valuing the company at approximately $1.78 trillion. Stock futures ticked higher ahead of the debut as investors weighed both the historic offering and signs of easing U.S.-Iran tensions. Read More
U.S. Central Command launched self-defense strikes against Iranian targets Tuesday after Iran downed a U.S. Army Apache helicopter patrolling the Strait of Hormuz, with CENTCOM saying it targeted air defense and radar sites in a “proportional response to unjustified Iranian aggression.” Iran’s Revolutionary Guard struck back, hitting U.S.-linked bases in Jordan, Bahrain, and Kuwait, while a CENTCOM statement confirmed the retaliatory mission was complete by Tuesday night — even as President Trump continued to insist a peace deal could come within “two or three days.” Find out More
Late-arriving ballots show Spencer Pratt will lose his spot in the Los Angeles Mayoral runoff to city councilwoman Nithya Raman. Read More
SpaceX officially begins trading on the Nasdaq today under ticker SPCX at its fixed price of $135 per share, targeting the largest IPO in U.S. history at a $1.77 trillion valuation and raising approximately $75 billion from a sale of 555.6 million shares. IPO futures pointed to a 20% first-day pop, analysts at New Street initiated coverage with a $165 price target, and the offering was reported to be more than four times oversubscribed, with 30% of shares reserved for retail investors through Robinhood, Fidelity, and Charles Schwab. Source
Politics
The Section 702 foreign surveillance authority lapsed Thursday after the Senate failed to move a long-term reauthorization amid a standoff over Bill Pulte’s intelligence appointment and privacy hawks’ demands for a warrant requirement. Democrats quickly pushed for a three-week extension, but Senate Republicans were divided on the terms, leaving intelligence officials without one of their key counterterrorism tools for the first time in years. Source
The Section 702 Foreign Intelligence Surveillance Act authority, which allows warrantless collection of foreign communications, is set to lapse Thursday after Senate Republicans failed to break the bipartisan blockade over President Trump’s appointment of Bill Pulte as acting Director of National Intelligence. Intelligence officials have warned that the expiration would create immediate gaps in counterterrorism capabilities, and Senate Majority Leader Thune is under growing pressure to negotiate a path forward before the deadline. See Details
A growing number of Senate Republicans have begun to publicly question the administration’s handling of the Iran conflict, even as Trump claims a peace deal is imminent, creating a rare intraparty rift on a foreign policy issue just months before midterm elections. Several senior GOP senators have signaled concern about the cost and duration of military operations. See Details
President Trump named U.S. Attorney for the Southern District of New York Jay Clayton as his permanent pick to serve as Director of National Intelligence. See Details
The House Judiciary Committee, chaired by Rep. Jim Jordan, summoned NFL Commissioner Roger Goodell to testify Wednesday at a hearing examining whether the league has stretched its limited antitrust exemption beyond the scope Congress intended. The hearing focuses on how the NFL controls its $110 billion broadcasting contracts in ways critics say disadvantage consumers and smaller competitors. Read More
Sens. Susan Collins and Mitch McConnell told reporters that it is now “safe to conclude” that a third reconciliation bill to fund the military will not come this legislative session, a significant setback for the White House’s spending agenda. The statement came as House Republicans struggled to unify around the immigration-focused second reconciliation package, and Senate leadership admitted the legislative calendar was essentially full through the August recess. Find out More
U.S. News
A pregnant American mother who had been reported missing in Mexico was found murdered, according to family members and U.S. consular officials who confirmed the discovery Thursday. In a separate development in the same case, her missing children were subsequently located alive and safe, ending a frantic international search that had drawn significant attention from both governments. Read More
Witnesses say Karmelo Anthony provoked Austin Metcalf prior to Anthony allegedly fatally stabbing Metcalf. Source
The Trump administration pulled federal funding from a major Los Angeles homeless services agency amid an explosive fraud investigation, calling it a “necessary step” after federal and city auditors uncovered serious financial irregularities totaling tens of millions of dollars. The move threatened to disrupt services for thousands of unhoused residents in one of the nation’s largest encampment cities. Read More
Business
SpaceX confirmed its final IPO price Thursday night at $135 a share ahead of Friday’s Nasdaq debut, with the company selling 555.5 million shares of Class A common stock at a valuation of $1.77 trillion. The offering is reportedly more than four times oversubscribed, and retail investors can access shares at the IPO price through Fidelity, Robinhood, Schwab, SoFi, and E-Trade. Source
SpaceX has set a fixed IPO price of $135 per share, planning to sell 555.6 million shares and raise $75 billion — on track to be the largest IPO in history. The offering values Elon Musk’s rocket and satellite company at $1.77 trillion, immediately placing it among the most valuable publicly traded firms in the U.S. when it lists under ticker SPCX next Thursday. See Details
SpaceX’s fixed-price, take-it-or-leave-it IPO structure — unusual for an offering of this scale — has created an unprecedented hedging challenge for options traders, who have no comparable publicly traded pure-play competitor in the private-sector space launch market. Options on SPCX will not begin trading until June 16, leaving traders with limited tools to manage risk in the stock’s first week. See Details
SpaceX is on track to begin trading on the Nasdaq on Friday at its fixed price of $135 per share, targeting a $75 billion raise at a $1.77 trillion valuation, while OpenAI quietly filed for an IPO confidentially on Monday, adding a second mega-offering to what is shaping up as a historic week for tech listings. The back-to-back filings have Wall Street debating whether the market has reached a valuation peak, with prominent bears, including Steve Eisman of “The Big Short” fame, urging investors to sit out the SpaceX debut. Source
Researchers from RSAC Research successfully manipulated Apple’s on-device AI using prompt-injection attacks and Unicode tricks, achieving a 76% success rate across 100 tests; the findings were disclosed to Apple last October. Apple reportedly hardened protections in iOS 26.4 in response. See Details
World News
Rescue teams continued working through collapsed buildings in the southern Philippines’ Mindanao region on Wednesday as the death toll from Monday’s 7.8 magnitude earthquake climbed past 37, with hundreds of buildings damaged and coastal residents still displaced by tsunami warnings. The quake struck at the start of the school year, and videos circulated widely showing students crouching outside as classrooms collapsed. Source
Christians flee Southern Lebanon out of fear that Israel will resume military operations. Read More
Switzerland’s government proposes a cap on immigration. Citizens fear that the costs of mass migration outweigh the benefits. Read More
Iran and the U.S. intensify attacks as the fragile ceasefire that went into effect eight weeks ago teeters on the verge of collapse. Source
Entertainment
The first trailer for “The Social Reckoning,” Aaron Sorkin’s follow-up to “The Social Network,” was released Thursday and shows Jeremy Strong as a middle-aged Mark Zuckerberg navigating Congressional testimony, the rise of AI, and Meta’s expanding empire. The film is scheduled for a fall theatrical release and is already generating significant awards-season buzz. See Details
Travis Kelce arrived at the Marriott Marquis Hotel in New York City at the last possible moment Thursday night, sliding into his seat beside soon-to-be-wife Taylor Swift just as her Songwriters Hall of Fame induction ceremony began. Both moms — Andrea Swift and Donna Kelce — were at the table, and the evening marked another milestone for Swift, who became the youngest woman ever inducted into the organization at age 36. Read More
The rebooted “Scary Movie” starring Anna Faris and Regina Hall opened to a franchise record $55 million this past weekend, easily topping the box office, while “Masters of the Universe” stumbled with $29.3 million against high expectations. A24’s “Backrooms” held solidly in third with $25.9 million, crossing $200 million globally on Wednesday. See Details
Celebrities show out in style for the NBA Finals between the San Antonio Spurs and the New York Knicks. Source
Olympic gymnastics superstar Simone Biles disclosed Saturday that she suffered a serious health emergency earlier this week that she said nearly took her life, describing the experience as shaking her “to her very core.” The four-time Olympic gold medalist did not immediately share details of the nature of the medical event. See Details
Country superstar Morgan Wallen’s summer 2026 stadium tour is selling out venues across the South at record speed, with multiple shows in Texas, Tennessee, and the Carolinas already at capacity. The tour comes after the Pittsburgh show controversy and Wallen’s robust pushback against claims he departed early, which appears to have energized rather than dampened fan enthusiasm. Read More
Sports
FIFA is scrambling to manage political and logistical crises stemming from the U.S.-Iran war as the tournament opens Thursday, including questions over Iranian athlete visas and a potential U.S.-Iran group-stage match. Analysts say, unlike the flower-exchanging moment of the 1998 World Cup between American and Iranian players, 2026 offers no similar prospect for goodwill between the two nations. See Details
The Farms Golf Club in Rancho Santa Fe, California, removed golf legend Phil Mickelson as a member after a female staff member accused him of nonconsensual touching. Read More
Kansas City Chiefs quarterback Patrick Mahomes will make $500 million in a record-setting contract he negotiated with the team ahead of the 2026 season. Find out More
Off the Wall
An Ohio man realized in horror that he had accidentally discarded a scratch-off lottery ticket before he found out it was worth $100,000, sending him diving into his garbage cans to retrieve the winning Bingo 25 Times 25 ticket he had bought at a Circle K in Willard. He found it just before the trash was collected, ultimately taking home $73,250 after taxes. Read More
A Florida woman was fatally attacked by dogs that had allegedly terrorized the neighborhood, and their owner has been charged in connection with the killing. Authorities said the animals had a documented history of aggressive behavior that neighbors had reported, but that went unaddressed. Source
Indiana Alligator Named Irwin Escapes From School Animal Show, Still On The Loose
A small alligator named Irwin escaped from the “Mark’s Ark” educational animal show in Auburn, Indiana, after its owner returned home from a school performance and discovered the cooler empty. The owner said the 2-foot gator, which is fed mice and poses no threat to humans, was still missing as of Tuesday — though at least one neighbor wasn’t so sure, saying it could “take some fingers off” a grandchild. Find out More
A small alligator named Irwin escaped from the “Mark’s Ark” educational animal show in Auburn, Indiana, after its owner returned home from a school performance and discovered the cooler empty. The owner said the 2-foot gator, which is fed mice and poses no threat to humans, was still missing as of Tuesday — though at least one neighbor wasn’t so sure, saying it could “take some fingers off” a grandchild. Find out More