Extra, Extra
Statute Showing Limitations: “In a decision likely to intensify trans-Atlantic trade tensions, European Union regulators on Thursday hit Google with a $1 billion fine for illegally undercutting competition through its dominance as a search engine.” Again, lawmakers appear to be markedly behind the latest tech. Google is hardly a search engine at all at this point. “Reddit, Politico and others are weighing how—or even if—they can work with the tech company as AI tools supplant traditional searches.” Google Was a Lifeline for Publishers. Now Some Are Thinking of Cutting It Off.
+ Let’s Spend the Height Together: Google had a solid quarter, but the stock is tanking because investors are worried that the company is spending too much on AI-related expenditures. That’s not just a big deal for Google. It’s potentially a big deal for the whole economy. As I wrote in yesterday’s lead item, it’s arguable that we’ve never been this pot committed on any economic bet in history. Whether or not you own tech stocks, or any stocks at all, this could impact you. The Ante Establishment. (It’s not just about what these companies are spending on, it’s what they’re not spending on. Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI.)
+ The Part of the Deal: “Saudi Arabia would need to normalize relations with Israel to receive the U.S. nuclear technology it has long sought, President Donald Trump said Thursday, adding a new condition to an agreement signed a day earlier and throwing the future of that deal into confusion.” (In this case, confusion could be better than clarity.)
+ Toll Out the Barrels: “The price of oil hit $100 a barrel on Thursday for the first time since May after Iran’s Houthi allies in Yemen claimed to hit two Saudi tankers in the Red Sea, stoking fears that another crucial shipping route would be choked off by the widening conflict.” Here’s the latest from the NYT. The fuel shortages are a big deal for Americans filling up at the pump. But they’re a much bigger deal where fuel shortages mean food shortages. NYT (Gift Article): Diesel Crisis Puts Poor Farmers Around the World at Risk. And from Reuters: Iran strikes on CIA facilities prompt questions about possible Russian role.
+ Nothing Could Be Further From the Truth: “The Pentagon, the institution that should be explaining the details of the war to the public, has fallen mostly silent: Hegseth is happy to offer clips of himself doing comically sloppy pull-ups, but neither he nor Caine has held a briefing on the war since May 5. Americans, after months of war, cannot even be sure how many men and women in uniform have been wounded or how severely. This information void at America’s military headquarters is a dramatic departure from previous conflicts, when reporters were embedded with American military units; when the Pentagon offered regular, in many cases daily, briefings on operations; and when civilian and military leaders in DOD answered real questions from real journalists.” The Atlantic (Gift Article): The American People Need the Truth About the Iran War. (At this point, we’d settle for the truth about anything.)
+ Murder, She Wrote Off: The US is on track to have a historically low number of homicides in 2026. While politicians will try to take credit, it’s happening in places with different leanings and policies. “Murder and other crime rates are falling across the map in cities with different political leadership, different housing and economic conditions, different policing and prosecution and violence reduction strategies and different levels of federal enforcement activity.” (Maybe we’re just running out of people to murder…)
+ Don’t Quit Your Day Job: So far, the combination of AI and oil prices doesn’t seem to be hitting job numbers. US filings for unemployment aid fall to 187,000 last week.
+ Put a Little Pep in Your Overstep: NYT (Gift Article): A Peptide Showdown: F.D.A. Scientists May Clash With Kennedy’s Agenda. “A Food and Drug Administration advisory committee hearing on Thursday and Friday may set Health and Human Services Secretary Robert F. Kennedy Jr., known for embracing unproven wellness trends, on a collision course with agency scientists who have deep expertise on drug safety.”
