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A coalition of states is taking President Trump's latest tariffs back to court, Todd Blanche is on the verge of leading the Justice Department, and Boeing scores a long-awaited regulatory win. Plus, we examine AI's growing return-on-investment debate, deadly incidents overseas, and the market stories shaping the week ahead.

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A coalition of twenty-five states filed suit against the Trump administration on Monday, arguing the White House's latest global tariffs unlawfully re-impose duties federal courts have already struck down. The complaint asks judges to block the measures before they ripple further into supply chains.

The suit sets up another Supreme Court showdown over the limits of presidential trade authority. Businesses that spent the spring rerouting shipments now face a second layer of legal uncertainty on top of the tariffs themselves.

Two Republican senators who had threatened to block Todd Blanche's confirmation said they will now support him after Blanche gave written assurances he'd wind down Trump's $1.8 billion anti-weaponization fund. The reversal clears his path to permanent leadership of the Justice Department.

Blanche has run the department in an acting capacity while the fight over the fund — created to investigate perceived political prosecutions — dragged on for months. The concession suggests the department's most controversial pot of money is about to disappear.

The FAA on Monday cleared the smallest variant of Boeing's 737 MAX to carry passengers, ending years of delays for a jet many carriers had already ordered. Airlines can start flying it once individual planes are certified, though schedule integration typically takes months.

The approval closes a long chapter of regulatory scrutiny for Boeing's best-selling family. It also hands the company a rare piece of good news as it works through backlogs and quality-control pledges.

Two people were killed when firefighting helicopters collided northwest of Athens while battling a wildfire on Monday. Greece has fought more than 200 fires in the past week, straining an aerial fleet that's now one aircraft lighter.

Rescuers pulled 231 people from the water after a ferry caught fire off Java, though the true number still missing remained unclear. Survivors described a blaze that began in a truck on the lower deck and spread through the vessel within minutes.

Ukrainian drones struck sites across Russia, killing at least five people and setting a Wildberries e-commerce warehouse ablaze in Samara. Kyiv has now hit more than a dozen of the retailer's depots in two weeks, deliberately targeting the machinery of Russia's war economy.

Democratic strategists are debating how hard to run on the Iran war and stubbornly high prices heading into the fall midterms. Gas above $4 a gallon and mortgage rates near a one-year high hand the party ammunition, even as it trails Republicans in fundraising.

Federal employees and their families are joining a class-action lawsuit over the Trump administration's decision to drop coverage of gender-affirming care from federal health plans. Workers currently affected are paying out of pocket while the case proceeds.

The Pentagon is using closed-door administrative boards to separate transgender service members, an Army Reserve lawyer with direct access to the process says. The proceedings have drawn scrutiny for how narrowly service members can respond.

Palantir shares jumped 12% after the company reported U.S. commercial revenue growing nearly 150% and raised full-year guidance. The results give AI bulls fresh ammunition after weeks of debate over whether enterprise spending is actually converting to revenue.

Visa is acquiring cybersecurity firm BioCatch for $2.4 billion as AI-powered scams surge across payment networks. The deal deepens Visa's push into value-added services, one of its fastest-growing revenue lines.

Investors are bracing for Friday's jobs report, the week's biggest catalyst after a fourth straight winning month for the Dow. A heavy slate of corporate earnings lands alongside it, giving markets fresh reasons to lurch in either direction.

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Researchers report that experimental eye drops restored sight in blind mice by mimicking the function of photoreceptor cells that die off in diseases like macular degeneration. The approach targets the surviving neural machinery downstream of the lost cells, a route that has eluded gene therapies.

Ten states have now legalized plug-in solar systems that draw into a standard wall outlet without permits or electricians. The setup, common in Germany, is starting to appear on American balconies and back fences.

The scramble to fill low-Earth orbit is sending record amounts of debris crashing back down, with recent fragments turning up near Iran and Oman. Cleanup rules haven't kept pace with the pace of launches.

LAFC co-owner Larry Berg will succeed Don Garber as commissioner of Major League Soccer, becoming only the third person to hold the job. He inherits a league bracing for major structural changes, including calendar and expansion decisions.

Boston acquired catcher Adley Rutschman from Baltimore, landing a two-time All-Star under team control through next season despite a down 2026. The Orioles' return has drawn skeptical reviews for helping an AL East rival.

Chicago safety Coby Bryant suffered a hyperextended knee, bone bruise and small fracture during Monday's training camp practice, sidelining him 8 to 10 weeks. The timing knocks him out of most of the preseason and the opening stretch.

The St. Louis Cardinals topped the Toronto Blue Jays 5-1 on Sunday, bouncing back a day after Toronto won by that exact score. St. Louis leaned on steady, efficient pitching to flip the series' momentum in the finale.

Dave Bautista is in negotiations to star as Kratos in Amazon's God of War series, replacing Ryan Hurst in the high-profile role. The recasting reboots one of the streamer's most closely watched video-game adaptations.

Grammy-winning producer David "Z" Rivkin, who helmed Prince's early demo tapes and helped create Lipps Inc.'s "Funky Town," has died at 78. His engineering work also shaped records by Fine Young Cannibals and Jonny Lang.

Cinemas rang up a record $430 million collectively, the single busiest weekend the box office has ever seen. Christopher Nolan's "The Odyssey" and the new Spider-Man together turned multiplexes into the summer's hottest destination.

What it is: A discipline calling itself "tokenomics" has emerged to answer the question every CFO is being asked: what exactly are companies getting for the hundreds of billions they're pouring into artificial intelligence? The name refers to the units — tokens — that large language models consume and produce with each query.

The detail: Analysts and consultants are building frameworks to track the cost per token, the number of tokens required to complete a business task, and the labor hours those tokens replace. The math is messier than traditional software ROI because token prices are falling fast while usage per task keeps rising, so the denominator and numerator move at once. Companies are increasingly comparing AI investments against familiar business metrics such as revenue per employee, customer support resolution times, software development output, and sales productivity. Rather than asking whether AI is impressive, executives are asking whether it lowers costs, accelerates work, or generates enough new revenue to justify ever-expanding infrastructure budgets.

Why it matters: Palantir's blowout quarter and Visa's fraud-detection acquisition sit at one end of the AI spectrum, where returns are visible in revenue lines. The rest of corporate America is still trying to figure out whether pilots and copilots are producing measurable output or just measurable expense, and boards are getting impatient. Investors are beginning to distinguish between companies demonstrating tangible returns and those still promising future gains, increasing pressure on executives to quantify AI's financial impact rather than relying on broad claims about innovation.

What to watch: If tokenomics frameworks become standard in earnings calls the way cloud metrics did a decade ago, expect a wave of AI project cancellations at companies that can't show the numbers. The next few quarters should reveal whether the enterprise AI boom is a durable productivity story or a very expensive experiment. Companies that can consistently demonstrate declining costs per task alongside rising business output are likely to emerge as the early winners, while weaker projects may struggle to survive tightening budgets.

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—The Five Minute Daily Team