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Major systems are snapping back into place just as others are being quietly redefined. From airports returning to normal to tech giants flexing strength and even scientists reopening old arguments, today’s shifts say more about what’s changing next than what already happened.

The surface looks stable, but the underlying direction across policy, markets, and science is anything but settled. Forward this to a friend who wants the world in five minutes.

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MAKE INCOME LAST

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The Big Read

DHS Reopens After Record Shutdown as Funding Bill Clears Congress

Trump signed the DHS funding bill on Wednesday, ending the agency's longest shutdown on record and bringing TSA back online before the May travel surge. Continuing resolution funds the agency through mid-July, putting the next funding fight in the middle of summer.

House Republicans had loaded the bill with a $70 billion immigration supplemental, which Senate Democrats rejected and which was ultimately stripped to pass the CR. Move sets up a separate Senate fight in May over the supplemental as standalone legislation.

TSA had been operating at reduced capacity for over two weeks, with major airports reporting hour-plus security lines and airlines coordinating to clear booking backlogs before May travel peaks. Bill also reauthorizes routine cybersecurity functions and the Coast Guard's law-enforcement budget through July.

Trump Says Iran War Has Been Terminated

The administration told reporters its war with Iran has been "terminated" before, framing the Pentagon's overnight posture shift as a unilateral wind-down. Officials offered no formal ceasefire, no signed deal, and no concession from Tehran.

Khamenei's defiance speech yesterday, paired with continued strikes near the Strait of Hormuz, undercuts the White House framing. Allies in the Gulf say the war is not over and that ground operations may grind on for weeks.

Congressional Republicans are signaling they will defer to the president on Iran even as a 60-day war powers deadline approaches. Democrats are preparing privileged resolutions that would force a formal vote.

Apple Posts Blowout Quarter on iPhone Strength

Apple beat earnings expectations as iPhone revenue continued to climb despite supply chain pressure tied to the war. Services and wearables also came in ahead of forecasts, reinforcing the company’s diversified growth.

CEO Tim Cook emphasized new AI features in the iPhone 17 lineup as a key driver for the coming quarters. Guidance pointed to a strong June period even as tariffs and geopolitical risks expand.

The results capped a Big Tech earnings stretch where major firms also exceeded expectations on AI investment. Investors are increasingly betting that the AI cycle will outlast current geopolitical disruptions.

World View

Syria Sells Itself as Safe Corridor

Damascus is pitching itself as a neutral safe corridor for civilian aid and stranded foreigners as the Iran war reshapes the region. The new posture is a bid for Western reconstruction money after a decade of isolation.

EU Mercosur Trade Deal Takes Effect

The EU Mercosur trade pact began provisional application this morning, opening duty cuts on cars, machinery, and beef across two of the world's largest blocs. French farmers and South American carmakers are bracing for big swings.

Zelenskyy Probes Putin Ceasefire Offer

President Zelenskyy said he is digging into the details of Vladimir Putin's surprise May 9 ceasefire offer before responding publicly. Kyiv wants verification mechanisms before agreeing to anything at the Victory Day deadline.

Need To Know

Federal Prosecutors Released the Cole Allen Hilton Surveillance Video

Federal prosecutors released Hilton surveillance footage Thursday of accused WHCA dinner gunman Cole Allen casing the Washington Hilton hours before the attack. Footage shows Allen storming a checkpoint with multiple weapons; the release is part of the probable-cause filing ahead of his May 12 arraignment.

Six Hospitalized After a Stabbing at Tacoma's Foss High School

Six people, including five students and a security guard, were hospitalized after a stabbing at Foss High School in Tacoma on Thursday. Suspect, also a student, was booked on five counts of first-degree assault; all victims were initially in critical condition but are now stable.

FEMA Whistleblowers Reinstated After Backlash

The agency reinstated dozens of disaster preparedness whistleblowers who were fired for warning that the federal response system was hollowed out. Senator Markwayne Mullin pressed for the reversal in writing after a tense hearing.

PORTFOLIO SHIFT

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Money & Markets

Tech Stocks Just Had Their Best Month Since the 2020 Reopen

Tech stocks closed April with their best monthly return since June 2020, lifted by Mag 7 capex commitments and a chip-sector rally. Intel alone more than doubled on the month, the best 30-day stretch in the chipmaker's 55 years on the Nasdaq.

Union Pacific Refiles Its $85 Billion Bid for Norfolk Southern

Union Pacific resubmitted its $85 billion bid for Norfolk Southern to federal regulators Thursday, framing the merger as the first true transcontinental US railroad. Antitrust review is expected to run six to nine months; rail customers and labor groups are already filing opposing statements.

Trump Approves the Bridger Pipeline to Move More Canadian Crude South

Trump granted federal approval Thursday to the Bridger pipeline expansion that will carry Canadian crude into the central US, reversing a Biden-era block. The move comes as Brent prices stay elevated on Iran-war supply pressure and as Canadian producers ramp up output to fill the global gap.

Future Frontiers

Japan Airlines Will Trial Humanoid Robots Loading Bags at Haneda

Japan Airlines is piloting humanoid robots at Tokyo's Haneda this summer to load and unload baggage, the first commercial deployment of the form factor at scale. Carrier cited persistent labor shortage in ground handling as the trigger; results will inform decisions across the broader OneWorld alliance.

The 'Pluto Is a Planet Again' Debate Is Back, This Time From NASA's Top

NASA's chief revived the Pluto planethood debate this week, arguing the 2006 demotion was hasty and should be revisited under current planetary-science definitions. Astronomers are split; the IAU rules cover three criteria, Pluto fails one — and that one is the criterion most planetary scientists openly question.

Meta Threatens to Pull Service in New Mexico

Meta lawyers told a New Mexico court the company could shut down Facebook and Instagram in the state rather than comply with strict child safety rules. The trial is testing the reach of state online laws against federal preemption claims.

The Score

Knicks Set an NBA Record With a 47-Point Halftime Lead

The Knicks built a 47-point halftime lead — an NBA record — and beat Atlanta 140-89 to win the series 4-2. The series-clinching blowout was the largest playoff halftime margin since the league started tracking the stat in 1976.

Ducks Eliminate McDavid's Oilers in Six

Anaheim closed out McDavid's Oilers in Game 6 to advance to the second round, ending Edmonton's season for the third straight year before the Conference Finals. McDavid called the eliminated Oilers an "average" team in postgame remarks.

The Mets Finished April With Baseball's Worst Record at 10-21

The Mets dropped to 10-21 on Thursday with another loss to Washington, capping April with baseball's worst record despite entering the season as preseason World Series favorites. The front office is publicly defending the manager, though private grumbling is at full volume.

Life & Culture

Foo Fighters Stage Secret New York Show

Dave Grohl and the band squeezed their stadium set into a midsize Manhattan venue for a one-off charity night. Tickets vanished in under three minutes, and fans queued for hours outside.

Olivia Rodrigo Sets a 60-Date Tour Around Her Next Album

Olivia Rodrigo announced a 60-date "Unraveled" tour on Wednesday in support of her upcoming third studio album. Pre-sale opens Friday morning; venues span North American arenas plus 18 European dates.

Scrubs Revival Renewed at ABC Alongside a Shifting Gears Pickup

ABC renewed the Scrubs revival for a second season on Thursday, alongside a Season 3 pickup for multi-cam comedy "Shifting Gears." The move makes the revival the network's most successful comedy reboot of the streaming era.

HIDDEN BUDGET MISTAKES

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Deep Dive

An AI Just Outdiagnosed ER Doctors in a Real-World Test

What it is: OpenAI published results Wednesday from a controlled study where its frontier model and emergency-room physicians were given identical patient cases — and the model came out ahead on diagnostic accuracy by a measurable margin in the live ER context. Test ran across multiple US hospitals over six months, with anonymized real-patient charts and outcome data validating each diagnosis against the eventually-confirmed condition.

The detail: The model outperformed physicians on common ER conditions where doctors traditionally hold the edge — chest pain stratification, sepsis suspicion, and flagging rare diseases beyond a clinician's personal exposure window. Physicians retained their advantage in cases requiring physical-exam findings the model couldn't access, plus complex multi-system presentations where AI confidence intervals widened past the clinically useful threshold.

Why it matters: The accuracy delta isn't huge in absolute terms — single-digit percentage points across most conditions — but the implications for an industry already facing physician shortage and burnout are large. ER physicians are paid for diagnostic judgment more than any other specialty; if a low-cost AI tool consistently matches that judgment, the staffing and reimbursement math for emergency departments changes structurally inside two or three budget cycles, not one.

What to watch: Whether major hospital systems disclose AI-assisted diagnostic deployment in their next quarterly filings is the immediate cost question — the math is too compelling to leave on the table much longer. Watch for the first malpractice case where the legal question is whether the doctor consulted the AI rather than whether they followed it; that precedent sets the next decade of clinical liability.

Extra Bits

  • An Oscar vanished in transit between New York and Germany this week after JFK security made the winner check his statuette as a possible weapon.

  • English chip shops are selling pangasius as cod, an investigation found, with the labeling fix relying on expensive DNA testing nobody is currently funding.

  • The Onion's plan to take over Alex Jones' Infowars is stuck in court again after a Texas appeals panel paused the parody site's takeover bid this week.

Today’s Trivia

Which African country is entirely encircled by South Africa, making it one of only three countries in the world completely surrounded by a single nation?

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