Airlines face headwinds as Iran war leads to rising fuel costs Since the U.S. and Israel's war against Iran began, the impact on aviation has worsened. Jet fuel prices have soared. Thousands of European flights have been canceled, and one airline may stop flying. Joel Rose
Justice Department drops inquiry into Fed Chair Jerome Powell The move paves the way for the Senate to confirm Kevin Warsh, the president's nominee to head the central bank. NPR Washington Desk
French police probe suspected weather device tampering after odd Polymarket bet The incident is the latest eyebrow-raising bet on Polymarket, as allegations of rigging and manipulation continue to haunt the popular prediction market site. Bobby Allyn
Warner Bros. Discover approves $110B Paramount–Skydance merger; regulators up next Warner Bros. Discovery shareholders approved a merger with Paramount, while issuing a rebuke over executive pay. The deal still faces opposition from Hollywood A-listers and scrutiny from regulators. Mandalit del Barco
Meta will lay off 10% of its staff The cuts follow losses in two pivotal court cases and the company's push to invest in artificial intelligence. John Ruwitch
The Gates Foundation is reviewing its Epstein ties as released emails raise questions for funders Associated Press
The tariff refund process has begun for businesses. What about customers? Businesses are finally able to request their tariff refunds. But customers should not expect to get most of the money they spent on tariffs back.
Tesla's making money. But it's planning to spend an awful lot more Tesla's profits were up from this time last year. But the company warned investors to prepare for expensive investments in next-generation technology like humanoid robots and AI. Camila Domonoske
The tariff refund process has begun for businesses. What about customers? While shipping companies are pledging refunds for customers who directly paid tariff fees, the situation is much trickier for retailers. Stephan Bisaha
How the airline industry could be impacted if Spirit Airlines is liquidated Spirit has not confirmed a liquidation, though it has filed for bankruptcy protection twice. Experts predict rising fuel costs could push the company to close its doors for good. Ayana Archie