World
The United States carried out fresh military strikes on Iran on July 8, 2026, after President Trump declared the temporary ceasefire over, accusing Tehran of violating its terms. The strikes targeted Iranian military installations and sent crude oil prices soaring above $95 per barrel as Iran retaliated by attacking tankers near the Strait of Hormuz. The escalation threatens global energy supplies and has drawn urgent calls for de-escalation from European and Asian allies.
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Politics
President Donald Trump has denied federal disaster assistance requests from four Democratic-led states — California, New York, Illinois, and Washington — following devastating flash floods and severe weather events that have left dozens dead and thousands displaced. The White House cited budget concerns and disputed the severity of the damage, sparking outrage from governors who said the decision was politically motivated. Congress is weighing a possible override vote.
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Business
Global oil prices spiked above $95 per barrel on Wednesday after Iran attacked commercial tankers near the Strait of Hormuz in retaliation for US airstrikes, reigniting fears of a supply crisis. The NY Fed reported rising inflation expectations as energy costs climb. Amazon announced a $25 billion bond sale to fund infrastructure expansion, while EU leaders unveiled a carbon market overhaul that includes slower CO2 cuts and more free permits for industry.
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Technology
French AI startup Mistral launched its first robotics foundation model on Wednesday, entering the physical AI space as competition heats up. Meanwhile, China plans to allow its top AI firms to purchase limited quantities of Nvidia's restricted H200 chips, according to reports, signaling a potential easing of chip restrictions. Google also released Veo 3, its latest AI video generation tool capable of creating cinema-quality clips from text prompts.
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Science
Paleontologists revealed a fossil from the Jurassic period that provides the clearest evidence yet of how ancient dinosaurs evolved into modern birds by losing their long tails. The specimen, discovered in China's Liaoning Province, shows a transitional species with a shortened tail structure and early flight feather attachments. Separately, the James Webb Space Telescope detected an unknown carbon-based molecule in a distant exoplanet atmosphere, and NASA faces criticism for scaling back Mars life detection missions.
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Sports
Lionel Messi led Argentina to a dramatic 3-2 comeback victory over Egypt in the World Cup round of 16 on Wednesday, scoring one goal and assisting another after trailing 2-0 at halftime. The match, played in extreme heat at MetLife Stadium, saw Egypt file a formal complaint about VAR decisions. Elsewhere, Belgium eliminated the US 4-1, France prepared to face Morocco in the quarterfinals, and England survived a thriller against Mexico at Estadio Azteca.
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Health
The FDA approved the first-ever treatment for chronic hepatitis delta virus infection, a rare but aggressive liver disease affecting approximately 15 million people worldwide. In a separate development, Phase 2 trial results published in JAMA showed a new oral GLP-1 drug achieved 15.4% weight loss in patients with obesity. Researchers also reported progress in CRISPR-based personalized gene therapy for infants with rare metabolic disorders.
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Environment
The extreme heatwave scorching the northeastern United States and eastern Canada would have been 'virtually impossible' without human-caused climate change, according to an attribution study by World Weather Attribution scientists. Temperature records were broken at over 1,500 weather stations in June alone. The European heatwave was also declared the most severe ever recorded. July Fourth parades in Philadelphia and Washington D.C. were cancelled as temperatures exceeded 100°F.
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