As major AI companies like OpenAI and Anthropic prepare for their initial public offerings, Wall Street is grappling with the concept of 'tokens,' the fundamental unit of measurement and currency in the AI economy. Tokens represent text or image data processed by AI models and are central to how these companies generate revenue through subscriptions and API usage. Understanding tokenomics is becoming increasingly vital for investors to assess the business models of AI firms, with filings from companies like SpaceX and Cerebras offering insights into their definitions and financial implications.

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Bill Gates appeared before the House Oversight Committee to address his past interactions with Jeffrey Epstein. Gates stated that meeting Epstein was a "grave error in judgment" but maintained he never witnessed or had any indication of Epstein's criminal conduct. He emphasized that his engagements with Epstein were primarily focused on philanthropic fundraising opportunities, not social socializing. Gates also denied Epstein's claims of extramarital affairs leading to an STI, though he acknowledged having affairs that Epstein later learned about. The committee is investigating the government's handling of Epstein's case and its implications.

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President Donald Trump stated he "loves the inflation" in response to new consumer price index data showing a three-year high. He linked this sentiment to the ongoing conflict with Iran, suggesting inflation would decrease once the war concludes. Trump made confusing remarks about the U.S. "taking" oil and ships, implying this action influenced oil prices. While the annual inflation rate reached 4.2%, core inflation remained at 2.9%. His comments drew criticism from political opponents who highlighted the financial struggles of American families.

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The term 'girl's girl,' signifying a woman who prioritizes female friendships, has become a prominent trope in reality television, particularly on Bravo networks. This concept, often used to celebrate loyalty, can also be wielded as a weapon to criticize women who deviate from perceived standards of female solidarity. The article explores how shows like 'Summer House' and 'Vanderpump Rules' have amplified this discourse, examining the nuances and potential downsides of rigidly applying the 'girl's girl' label, which can sometimes lead to online backlash and judgment.

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German humanoid robotics company Neura Robotics has raised up to $1.4 billion in a Series C financing round, with significant backing from major tech players like Nvidia, Amazon, and Qualcomm, alongside European industrial firms. The company's valuation has reached approximately $7 billion, reflecting strong investor confidence in the future of AI integration into physical systems. Neura Robotics aims to develop robots that can interact, learn, and work alongside humans in real-world environments, positioning itself as a global leader in the burgeoning robotics sector.

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Alex Karp, CEO of Palantir, has stated that enterprise clients are "unhappy" with the operational approach of leading artificial intelligence labs. He believes these companies fail to understand business needs and are overly focused on 'tokenmaxxing,' a practice of consuming AI tokens to demonstrate productivity rather than delivering tangible value. Karp emphasized that the true value of AI lies in its implementation within business processes, a point he feels frontier labs are currently missing, despite the critical role of large language models.

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Jennifer Combs, a Texas mother, was arrested on a felony warrant for a Facebook post detailing concerns about her town's water quality. Combs used her page to collect resident complaints about discoloration, sediment, and potential health issues, intending to report them to the state. She claims the post led to her arrest after the Trinidad Police Chief accused her of making a false report, despite residents corroborating the water issues. The felony charge was later dismissed by a grand jury, but Combs' experience highlights concerns about free speech and the potential for authorities to retaliate against citizens raising public concerns.

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Serena Williams' return to tennis at the Queen's Club is facing uncertainty due to a knee injury sustained by her doubles partner, Victoria Mboko. Mboko was forced to retire from her singles match after a painful fall, casting doubt on their upcoming quarter-final match. The injury is a significant setback for the pair, who had just secured a win against the third seeds. This development is particularly concerning with Wimbledon starting soon, and players and commentators expressing hope that Mboko's injury is not severe enough to prevent her participation in the Grand Slam.

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Jim Cramer's Charitable Trust is selling 75 shares of Procter & Gamble (PG) to increase its cash reserves and hedge against potential market volatility. This move follows a rotation into more defensive stocks, with P&G having outperformed the tech sector recently. The trust is realizing a 2% gain on the investment made in November 2025. The sale reduces PG's portfolio weight to approximately 1.5%. The trust aims to re-evaluate P&G for potential future investment if the stock gives back recent gains or shows accelerated growth potential.

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President Donald Trump declared the U.S. would strike Iran "hard" again on Wednesday, following overnight exchanges of fire. Trump claimed U.S. operations had moved "millions of barrels of oil" through the Strait of Hormuz, implying this action influenced oil prices. U.S. Central Command confirmed disabling an oil tanker for violating the blockade. India condemned the attack on the vessel, which resulted in missing crew members. Trump also reiterated his demand for Iran to sign a deal and threatened further military action, highlighting the volatile geopolitical situation.

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A federal judge has permanently halted Alabama's plan to execute inmate Jeffrey Lee using nitrogen hypoxia, ruling the method constitutes cruel and unusual punishment. The judge found that the protocol carries a substantial risk of severe harm, causing inmates significant air hunger and distress for several minutes before death. This ruling reverses a previous opinion and marks a significant development in capital punishment challenges. Lee had proposed execution by firing squad as an alternative, which the judge deemed feasible and less harmful.

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Senator Elizabeth Warren has called on the Securities and Exchange Commission (SEC) to delay SpaceX's upcoming initial public offering, citing significant concerns about the company's valuation and corporate governance. In a letter to the SEC, Warren highlighted potential issues with the valuation of SpaceX's acquisition of xAI, conflicts of interest related to Elon Musk's control, and the risks associated with including SpaceX in major stock market indexes. The senator expressed worries about investor protection and market integrity, particularly for those invested in passive index funds.

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President Donald Trump signed the Secure America Act, a $70 billion immigration enforcement package, into law. The bill ensures funding for Immigration and Customs Enforcement (ICE) and border patrol activities through September 2029. The legislation passed Congress largely along party lines after months of debate and a funding impasse stemming from Democratic objections to aggressive enforcement practices. Trump stated the act provides necessary support and resources to secure borders and protect the homeland, while Democrats criticized it as a "blank check" for ICE.

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Graham Platner has won the Democratic primary for Maine's Senate seat, setting up a critical race against incumbent Republican Senator Susan Collins. Platner, an oyster farmer and veteran, secured a decisive victory despite recent allegations regarding his personal conduct. His campaign has focused on opposing the "billionaire class" and has garnered support from progressive figures. The race is considered a toss-up and could be pivotal in determining Senate control, with Republicans planning to highlight Platner's controversies during the general election.

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Inflation in the U.S. accelerated significantly in May, with the Consumer Price Index (CPI) rising to 4.2% annually, the highest rate in over three years. This surge is largely attributed to the ongoing conflict in Iran, which has disrupted global energy supplies and driven up prices for gasoline and other commodities. While core inflation saw a slight increase, experts suggest that May might represent a peak for the inflation rate, with potential easing later in the year. The persistent inflation has complicated expectations for Federal Reserve interest rate adjustments.

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Einride, an autonomous electric vehicle freight trucking company, experienced a significant surge in its stock price during its initial trading on the Nasdaq under the ticker symbol 'ENRD.' The company's SPAC deal with Legato Merger Corp. III closed at a valuation of $1.35 billion, raising over $200 million. Einride provides autonomous EV trucks and freight services, with its CEO emphasizing the cost-efficiency and profitability of its electric and autonomous solutions. The company currently operates 200 EV freight trucks and has secured contracts with major clients like GE Appliances and PepsiCo.

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Chinese scientists have discovered the world's largest whale graveyard in the Indian Ocean, containing nearly 500 whale skeletons, some dating back 5.3 million years. This deep-sea site, located up to 7,000 meters deep, supports diverse communities of deep-sea life that thrive on the whale carcasses, known as 'whale falls.' The discovery provides unprecedented insights into evolutionary hotspots and biogeographic connections for deep-sea fauna. Researchers were astonished by the scale and age of the graveyard, which offers a unique glimpse into ancient marine ecosystems.

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President Donald Trump stated that the U.S. would continue to strike Iran "hard" on Wednesday, following retaliatory actions between the two nations. Trump accused Iran of shooting down a U.S. army helicopter and emphasized the need for Iran to "sign a deal." The ongoing conflict, exacerbated by Iran's effective closure of the Strait of Hormuz, has led to increased oil prices and geopolitical instability. The U.S. military confirmed strikes on an oil tanker that violated the blockade, further escalating tensions in the region.

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England all-rounder Ben Stokes has been omitted from the squad for the second Test against New Zealand following an incident at a London nightclub where he and teammate Gus Atkinson reportedly broke curfew. Pace bowler Jofra Archer and batter Jordan Cox have been added to the team. Joe Root will return as interim captain, marking his return to the role after stepping down in 2022. The England and Wales Cricket Board (ECB) is conducting an ongoing investigation into the matter, with the Cricket Regulator also involved.

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U.S. Defense Secretary Pete Hegseth issued a stern warning to Cuba during a visit to the U.S. military base at Guantánamo Bay, advising against the procurement of weapons that could threaten the base or the American homeland. Hegseth asserted that any such action would invite a confrontation Cuba could not withstand. This warning comes amidst U.S. pressure on Cuba, including sanctions and an oil blockade, and reports of Cuba acquiring drones from Russia and Iran. Cuba has rejected these claims, asserting its right to self-defense.

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Honda is recalling over 880,000 vehicles, including certain Pilot, Ridgeline, Passport, and Acura MDX models, due to a rear suspension issue that could lead to component failure and loss of vehicle control. The recall affects vehicles sold in 23 states and the District of Columbia where road salt corrosion is a concern. Honda estimates only 1% of the affected vehicles have the defect. Dealers will repair or replace the rear subframe components free of charge, with owner notification letters expected by July 7.

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During a visit to Guantánamo Bay, U.S. Defense Secretary Pete Hegseth cautioned Cuba against acquiring weapons that could threaten the U.S. mainland or the military base. Hegseth stated that such actions would lead to an undesirable confrontation for Cuba, emphasizing America's superior military capabilities. This warning follows reports of Cuba acquiring attack drones from Russia and Iran, claims that Havana has refuted, asserting its right to self-defense. The U.S. has maintained pressure on Cuba through sanctions and an oil blockade.

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AI Financial Corp., which experienced substantial losses from a $1.5 billion investment in a cryptocurrency backed by the Trump family, has reported an improved financial outlook. The company stated that the issues leading to its prior warning about solvency have been "substantially mitigated." Despite its stock value plummeting by 92% since the investment, AI Financial has some of its World Liberty Financial (WLFI) tokens available for lending. The company's stock is currently trading below $1, risking delisting from the Nasdaq if it doesn't recover soon.

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Following a bank levy that freezes a checking account, creditors may pursue other assets if they have obtained a judgment. These can include savings accounts, money market accounts, taxable investment accounts, and even certain joint accounts, depending on state laws and the specifics of the debt. Certificates of deposit (CDs) may also be targeted. Experts advise borrowers concerned about escalating collection efforts to explore debt relief options like settlement, consolidation, debt management plans, or bankruptcy to protect their assets and avoid further financial disruption.

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A tragic car crash in Santa Maria early Sunday morning resulted in the deaths of five teenagers and left a sixth occupant critically injured. Police are investigating whether alcohol played a role in the incident, which occurred when a vehicle struck a traffic signal. Authorities identified the victims as Isabella Star Vigil, Nicolas Munoz-Gautreaux, Jennifer Gutierrez, Guendi Beatrice Gamez Escalante, and Yusbeli Diaz Galvez. The Santa Maria Police Department described the crash as a "devastating tragedy" that has deeply impacted the community.

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A new report indicates Social Security could become insolvent by 2032, potentially leading to a 22% cut in monthly benefits. Recipients are advised to take proactive steps to mitigate this impact, such as increasing interest earnings on current funds through high-yield accounts or CDs, addressing existing debt to free up budget for potential shortfalls, reviewing insurance policies for cost savings or better coverage, and understanding expected Required Minimum Distributions (RMDs) from retirement accounts. These preparations can help offset potential future reductions in Social Security payments.

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A Florida man, Robert Dillon, is suing multiple law enforcement agencies after being wrongly arrested for attempting to lure a child, based on a 93% probability match from an AI facial recognition system. Dillon, who lives hundreds of miles away and had never visited the location, was arrested and prosecuted for months before the charges were dropped. The lawsuit alleges that investigators deliberately omitted exculpatory evidence and relied on unreliable technology. This case highlights concerns about the accuracy and oversight of AI facial recognition in law enforcement.

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U.S. inflation surged to 4.2% in May, marking the highest rate in three years, driven significantly by the ongoing conflict in Iran and its impact on global energy supplies. The closure of the Strait of Hormuz has disrupted supply chains, leading to substantial increases in gasoline and other energy costs. While some prices outside of energy have shown signs of easing, the overall inflationary pressure poses a challenge for households and complicates the Federal Reserve's monetary policy decisions. Experts anticipate that inflation may have peaked but will decline slowly.

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President Donald Trump has signed a $70 billion bill to fund immigration enforcement agencies through the end of his term, following months of debate and delays. The legislation, which ensures funding for ICE and CBP, passed Congress on party lines after Democrats raised concerns about aggressive enforcement practices. Trump hailed the bill as providing essential support to border security and homeland protection, while Democrats criticized the allocation as a "blank check." The bill's passage resolves a significant funding impasse for these agencies.

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Jonathan Hall KC, the UK's independent reviewer of terrorism legislation, suggested a need to discuss the impact of migration on national security following disorder and racist assaults in Glasgow after a knife attack in Belfast. The Belfast attacker, a Sudanese man granted refugee status, entered the UK in 2023. Hall noted that while the Belfast incident wasn't a national security event, it was "destabilising" and raised questions about the relevance of foreign nationality, particularly recent migrants, to the overall security picture. He questioned whether migration policies should be considered alongside economic factors in national security assessments.

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President Donald Trump declared the U.S. would strike Iran "hard" again on Wednesday, following overnight exchanges of fire that began after Iran allegedly shot down a U.S. army helicopter. Trump accused Iran of delaying negotiations and stated they "will have to pay the price." The conflict has led to increased oil prices and geopolitical instability, with the U.S. military confirming strikes on an oil tanker that violated the blockade. Iran has accused the U.S. of damaging diplomatic processes and violating the ceasefire, further escalating regional tensions.

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Bill Gates appeared before the House Oversight Committee to address his past interactions with Jeffrey Epstein. Gates stated that meeting Epstein was a "grave error in judgment" but maintained he never witnessed or had any indication of Epstein's criminal conduct. He emphasized that his engagements with Epstein were primarily focused on philanthropic fundraising opportunities, not social socializing. Gates also denied Epstein's claims of extramarital affairs leading to an STI, though he acknowledged having affairs that Epstein later learned about. The committee is investigating the government's handling of Epstein's case and its implications.

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Three men have been arrested and charged in connection with disorder and racist assaults in Glasgow that occurred after a knife attack in Belfast. Police Scotland reported that five people, including two officers, were injured during a masked march through the city center, with individuals being "attacked because of the colour of their skin." The Belfast attacker, a Sudanese man charged with attempted murder, had been granted refugee status in the UK. Authorities condemned the violence and emphasized that racism and violence have no place in Scotland.

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The Michigan Court of Appeals has overturned the conviction of Joseph Morrison, who was found guilty of providing material support for a terroristic act in connection with the 2020 plot to kidnap Governor Gretchen Whitmer. The court ruled that kidnapping is not an underlying violent felony that supports a conviction under the state's terrorism law. Michigan Attorney General Dana Nessel called the ruling "outrageous" and vowed to appeal, emphasizing the evidence presented at trial proved a plan to "brutally murder" the governor. The plot was disrupted by undercover FBI agents.

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North Carolina State Treasurer Brad Briner has decided against investing in SpaceX's upcoming IPO due to valuation concerns, believing the company's $1.77 trillion valuation leaves little room for future growth. Instead, the state pension fund has invested heavily in AI startups like OpenAI and Anthropic, with its stake in Anthropic now worth significantly more than its initial investment. Briner seeks predictable, high-single-digit returns for retirees and believes current AI companies offer better risk-reward opportunities. North Carolina plans to gain indirect exposure to SpaceX through index funds.

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Five men have been sentenced to prison for their involvement in violent disorder during a protest in Southampton following the murder of Henry Nowak. The protest, which occurred after the release of police bodycam footage showing Nowak's final moments, resulted in injuries to twelve police officers and a police dog. The judge described the violence as a "hate crime" fueled by animosity towards the police and, in some cases, racist views. The disorder caused significant costs for police staffing and cleanup.

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Graham Platner has secured victory in Maine's Democratic Senate primary, positioning him to challenge Republican Senator Susan Collins in November. Platner, an oyster farmer and veteran, won with nearly 75% of the vote despite facing recent allegations of "intimidating and disturbing" behavior towards former partners. His campaign has focused on populist themes and opposition to corporate influence. Republicans plan to highlight Platner's controversies, while Democrats express confidence in his ability to win and contribute to securing a Senate majority.

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The siblings of murdered 10-year-old Sara Sharif will remain in Pakistan as Surrey County Council has withdrawn from the legal case to return them to the UK. The five children have been living with their paternal grandfather since October 2023, and court battles in Pakistan have prolonged the custody decision. While the final custody decision is pending, any outcome is likely to keep the children in Pakistan. Their grandfather's lawyer noted that the children retain joint nationality and can return to the UK if they choose in the future.

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President Donald Trump is defending his choice of Bill Pulte as acting director of national intelligence and is urging Congress to pass a short-term extension of the Foreign Intelligence Surveillance Act (FISA) Section 702. Trump criticized Democrats for using national security as a political bargaining chip, emphasizing the importance of FISA for national security, especially during the ongoing conflict in Iran and upcoming World Cup. The program, which allows the government to collect communications of non-U.S. persons abroad, is set to expire without congressional action.

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A recent interview with President Donald Trump showcased a familiar pattern of rage and insults directed at journalist Kristen Welker after she pressed him on election fraud claims. Trump's abrupt departure from the interview and subsequent use of terms like "crooked" and "darling" reveal a strategic, albeit erratic, approach to managing criticism. The article analyzes Trump's history of targeting women journalists of color, suggesting his insults are less about artistry and more about control, with "darling" serving as a feigned gallantry to mask his frustration and attempt to regain composure.

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A mother and her two children were swept into the ocean in Laguna Beach due to powerful waves, resulting in one child still missing. Rescuers were able to save the mother and one child, but the search for the other continues. The incident occurred during a high surf advisory for much of the Southern California coast, with authorities warning of increased risks of drowning, strong rip currents, and dangerous breaking waves. Conditions are expected to remain hazardous through Thursday afternoon.

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The Directors Guild of America (DGA) has reached a tentative agreement with the Alliance of Motion Picture and Television Producers (AMPTP), concluding the negotiation cycle for Hollywood's major unions. This deal follows ratified contracts from SAG-AFTRA and the Writers Guild. While terms are not yet public, the DGA reportedly aimed to improve job creation, enhance health fund benefits, and strengthen protections against generative AI. The tentative agreement will be presented to the DGA National Board for approval before a member ratification vote.

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The lingering effects of pandemic-related production shutdowns and supply shortages continue to inflate prices for both new and used cars in the U.S. Automakers prioritized higher-profit vehicles, a strategy they've largely maintained, leading to fewer affordable options. This constrained supply has significantly impacted the used car market, with demand for older vehicles increasing. Experts predict that supply chain issues will persist for several more years, meaning elevated car prices are likely to remain the 'new normal' for the foreseeable future.

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UN Secretary-General Antonio Guterres expressed grave concern over the escalating rhetoric and attacks between the U.S. and Iran, warning of the risk of a "full war" developing in the Persian Gulf. The heightened tensions follow U.S. strikes on Iran and retaliatory attacks on U.S. bases, despite an existing ceasefire. Guterres likened the fragile truce to a "lesser fire" that could ignite a larger conflict. The situation is further complicated by Iran's effective closure of the Strait of Hormuz and ongoing disputes over Iran's nuclear program.

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A 25-year-old man is in custody after allegedly shooting and killing his parents, brother, and brother's girlfriend at their home in Livonia, Michigan. Police responded to the scene and found four deceased individuals. The suspect reportedly surrendered to officers upon their arrival. Authorities are investigating the motive behind the incident, noting a "contentious relationship" between the suspect and his parents. There is no indication of a public threat, as the incident appears to be domestic in nature.

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