• President Trump issued a controversial 'shoot and kill' order targeting boats placing mines in the Strait of Hormuz as tensions with Iran escalate, marking an intensification of military posturing in the critical shipping lane.
• Congress was briefed that removing all mines from the strait could take up to six months, creating significant concerns about extended disruptions to global energy supplies and trade.
• The Chevron CEO warned of potential air travel disruptions due to expected jet fuel shortages resulting from the ongoing tensions and potential blockade of the strategic waterway.
• The Financial Accounting Standards Board (FASB) released preliminary measurement guidance addressing accounting treatment for paid-in-kind (PIK) dividends on equity-classified preferred stock.
• The guidance represents an important clarification for companies issuing preferred stock with dividend structures, affecting financial reporting standards across the U.S. corporate sector.
• This regulatory development impacts corporate accounting practices and may influence capital structure decisions for companies considering preferred equity financing.
Justin Sun alleges World Liberty Financial installed tools to prevent sale of his tokens after they became tradeableBillionaire crypto entrepreneur Justin Sun on Tuesday sued World Liberty Financial, the digital currency venture co-founded by Donald Trump and his sons, alleging that World Liberty illegally froze his holdings of tokens issued by the company.Sun, the largest investor in World Liberty, alleged in the lawsuit, filed in a federal court in California, that the company secretly installed tools to prevent the sale of his tokens after they became tradeable in September 2025. The lawsuit also alleges that World Liberty threatened to “burn” – or permanently delete – his holdings, even while they were in Sun’s digital wallet. Continue reading...
• Florida Attorney General James Uthmeier issued criminal subpoenas to OpenAI investigating ChatGPT's role in planning a mass shooting.
• The probe examines potential criminal liability for the chatbot in the incident, marking a novel legal action against AI providers.
• This development highlights emerging accountability questions for AI systems in facilitating harmful activities.
• President Trump delivered an emergency announcement from the Oval Office, placing the US on high alert over unspecified national security threats.
• The speech called for public vigilance and federal coordination based on credible intelligence, stunning observers.
• Reactions poured in from Congress, the Pentagon, and global markets amid a developing situation.
Rapper, jailed over Megan Thee Stallion shooting, alleges he was ‘knowingly’ housed with prisoner with violent historyThe rapper Tory Lanez, who is serving a 10-year prison sentence over the shooting of fellow hip-hop artist Megan Thee Stallion, has filed a federal lawsuit against California corrections officials, seeking $100m after being stabbed in prison.Lanez, whose name is Daystar Peterson, said in court papers that a fellow inmate at California correctional institution in Tehachapi stabbed him approximately 16 times on 12 May 2025 using a “home-made” shank. Peterson said he suffered stab wounds to his face, head, torso and back, resulting in “permanent scarring, along with two collapsed lungs”. Continue reading...
Magazine has stood behind the story, which was written by veteran national security reporter Sarah FitzpatrickKash Patel has followed through on a threat to sue the Atlantic and the author of a story the magazine published that included allegations of “excessive drinking” as well as “conspicuous inebriation and unexplained absences” while in charge of the law enforcement agency.The US attorney general filed a defamation lawsuit in US district court for the District of Columbia that seeks $250m in damages. Continue reading...
Secretary Kennedy Podcast so far seems designed to promote Trump administration talking points over any specific public health messageRobert F Kennedy Jr’s new Secretary Kennedy Podcast is a show that, so far, appears designed to promote Trump administration talking points over any specific public health message.Though, based on the trailer and episode one, which dropped last week, one might expect the Secretary Kennedy Podcast to be quite similar to the health secretary’s former show, The RFK Jr Podcast. In the trailer that dropped ahead of his new podcast’s release, Kennedy says: “Children are sicker, chronic disease is exploding and the answers we’ve been given aren’t working” – talking points that were common on his old series. He even adds: “Many of us have come to the conclusion that the government actually lies to us,” a statement that might have served his former podcast better, given that Kennedy is now a senior figure in the government. Continue reading...
Former Little Mix singer offers £10,000 reward for information about Land Rover taken from Essex drivewayThe musician Jesy Nelson, a former member of the band Little Mix, has pleaded for help after her car, which contained essential medical equipment for her children, was stolen from her driveway in Essex.The black Land Rover is believed to have been taken at about 3am on Sunday in Brentwood. Continue reading...
Iran’s top negotiator says both sides remain far apart after Tehran again closed strait of Hormuz after US said it would not end its blockadeFull report: Iran closes strait of Hormuz again ‘until US lifts blockade’Welcome to our live coverage of events in the Middle East.Iran’s top negotiator, Mohammad Bagher Ghalibaf, said on Saturday that the recent talks with the US had made progress but gaps remained over nuclear issues and the strait of Hormuz. “We have had progress but there is still a big distance between us,” he told state media, referring to talks last weekend. “We made progress in the negotiations, but there are many gaps and some fundamental points remain.”After the initial talks between the US and Iran last weekend in Pakistan, the Iranian deputy foreign minister, Saeed Khatibzadeh, said a second date cannot be set until both sides “have agreed on the framework”.Iran’s supreme national security council, the country’s highest decision-making body under the supreme leader, said it is reviewing “new proposals” put forward by the US, according to Iranian media.Hezbollah has denied it was involved in the deadly attack against UN peacekeepers in southern Lebanon, which killed a French soldier. A UN peacekeeper was killed and three others were injured after a patrol came under attack from “non-state actors”, the UN Interim Force in Lebanon said.Israeli forces on Saturday began demolishing homes in the southern Lebanese town of Bint Jbeil and other border towns where Israeli troops are present, Lebanese state media reported.The Israeli military killed two Unicef-contracted truck drivers at a water point in the northern Gaza Strip, forcing the UN agency to suspend its operations in the area, Unicef said.Pope Leo XIV said that it is “not in my interest at all” to debate Trump about the Iran war, but that he would continue preaching the Gospel message of peace.Trump left the White House Saturday afternoon to play golf, despite Iran’s re-closure of the strait of Hormuz in response to the US blockade of Iranian ports. Continue reading...
