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Tech, business, and pop culture are all making headlines today. Instagram is rolling out a significant change, Jersey Mike's is preparing for one of the year's biggest IPOs, and anticipation is building ahead of Taylor Swift and Travis Kelce's highly watched wedding weekend. Plus, the biggest developments in world news, business, science, sports, and more.

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The California governor primary is live right now. So is the Texas Senate race, the 2028 presidential field, and the question of whether Taylor Swift releases a song for Toy Story 5.

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Former Olympian David Hearn was indicted on federal destruction-of-property charges tied to the Lincoln Memorial Reflecting Pool damage discovered last month. Prosecutors say Hearn cut the pool's foam liner in what has since become one of Trump's most personally invested renovation projects.

The case is being led out of the DC US Attorney's office under Jeanine Pirro, and civil-rights groups are already flagging the aggressive charge selection. Hearn's attorneys said they will contest the felony charge and challenge the property-value calculation used to elevate it.

A recent investigation found Instagram running paid ads that led users to accounts promoting child sexual abuse material across the platform's Indian market. Several of the ads ran for weeks and reached millions of impressions before Meta removed them following inquiries.

Meta acknowledged the ads violated policy and said it had "taken enforcement action" against the accounts. India's information technology ministry opened a formal inquiry into Meta's ad-review procedures within hours of the report.

Federal Judge Ana C. Reyes hammered Justice Department lawyers in a fiery hearing over whether President Trump is moving ahead with renovations at the East Potomac Golf Course without required approvals. The government had denied any active plans, but Reyes made clear she was not satisfied with the answers.

The course sits on federal parkland administered by the National Park Service, which sharply constrains what any private operator can change. The hearing is a preview of the broader legal fight brewing over how far executive authority extends over federal land the president personally uses.

Monaco police identified a bombing suspect tied to last week's parcel bomb attack in the principality. Investigators haven't released the suspect's identity publicly while the case remains active.

Ayatollah Ali Khamenei's body will lie in state in Tehran's Grand Mosalla from Friday ahead of days of national mourning events. Iranian authorities have prepared massive crowd-control resources across the capital and other major cities.

A Japanese mayor's announcement of her maternity leave has become a national conversation about parental leave, gender in public life, and municipal-succession rules. Ministry-level officials are already drafting guidance on how local governments should handle similar future cases.

Trump told CNBC there's nothing illegal about his crypto holdings, which disclosures show topped $580 million. He cited federal conflict-of-interest exemptions that apply specifically to the president and vice president.

A federal appeals court ruled ICE can't detain migrants past 90 days without a bond hearing. Thousands held in Texas and Louisiana detention centers could be affected by the ruling.

A new 55-page House Democrats report accuses Freedom 250 organizers of profiting from America's 250th birthday celebrations through questionable fundraising methods. Watchdog groups had raised similar concerns before the report's release, and Republican organizers reject the characterization.

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Meta's cloud-business push is exciting Wall Street, even with expected lower margins than pure AI advertising work. Analysts see a durable earnings buffer if AI capex continues to outpace ad monetization pace.

Rivian raised its full-year delivery outlook to between 65,000 and 70,000 EVs, an upward revision from 62,000-67,000. Lucid separately reported weaker Q2 numbers, deepening the gap between the two EV startups on Wall Street.

Jersey Mike's filed for an initial public offering, with the roughly 3,300-location chain now the second-largest US hoagie brand behind Subway. Listing would be one of the largest fast-casual restaurant IPOs of the decade.

China will fund 12,000 extra projects for young scientists this year, a 50% jump in grants. Success rates have still dropped sharply since 2015 despite the funding pool more than doubling.

Congo's Ebola outbreak has begun its first treatment trial, testing remdesivir and a monoclonal antibody on patients. Researchers hope early treatment data could speed up the response to the rarer Bundibugyo strain.

Amazon now has enough Kuiper satellites in orbit to launch its LEO broadband service before year-end. Kuiper will compete directly with SpaceX Starlink, which already has more than 10,000 satellites in its constellation.

Croatia and Portugal's World Cup match ended in ten minutes of added time that packed as much drama as any tournament sequence to date. Match's final scoreline reshaped Group F standings and set up an unexpected round-of-16 matchup for Portugal.

Bryce Miller carried a no-hitter into the seventh as the Mariners edged the Angels 1-0 to complete a three-game sweep. Seattle's rotation has posted the AL's lowest ERA over the past ten days.

Alex Eala reached the third round at Wimbledon, becoming the first Filipino to advance this far at the tournament. She avenged last year's Eastbourne final loss by beating Maya Joint in a three-set comeback.

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Taylor Swift and Travis Kelce invited roughly 1,000 guests to their wedding, each invite watermarked and bundled with an NDA. Madison Square Garden hosts the ceremony under a strict no-phone policy for guests.

A rare copy of the US Declaration of Independence surfaced this week in a UK county archive, discovered by a volunteer cataloger. The newly identified document is one of only 11 confirmed copies of its kind worldwide.

Minions & Monsters is projected to earn about $80 million over the five-day July 4 holiday weekend. A strong debut would continue Hollywood's solid summer box office momentum and give theaters another family-friendly hit.

What it is: Two hundred fifty years after the Declaration, the founding debate over executive power is back — how much presidential authority is too much? Trump recently told an interviewer there "are no limits" to his power, a sentiment critics say inverts the American experiment that began 250 years ago by breaking with British monarchical rule.

The detail: Trump launched the Iran war without congressional authorization, kept most lawmakers in the dark about the January operation that seized former Venezuelan President Nicolás Maduro, and has pushed executive control further than modern predecessors on trade, immigration, and financial-sector oversight. Millions have marched under "No Kings," "Democracy Not Monarchy," and "We Have a Constitution, Not a King" banners across the US and abroad, with protests growing steadily larger through the past six months.

Why it matters: Debate now cuts through both parties, with the Supreme Court's just-ended term expanding executive control over regulatory agencies while narrowing him on birthright citizenship, mail-in voting, and the E. Jean Carroll appeal. Constitutional scholars are increasingly framing Trump's second term as the largest live stress test of the framers' anti-monarchical structure since Reconstruction, with the framers themselves quoted at length in nearly every major opinion piece this week.

What to watch: Watch whether Congress attempts a formal war-powers reassertion during the summer recess — several Republican senators privately favor it, even as leadership has stayed publicly quiet on the timing. Also watch how 2028 candidates in both parties position on executive-legislative balance and whether Trump names loyalist successors at the regulatory agencies whose independence was narrowed by the Court this term.

Five Minute Daily keeps the biggest stories clear, brief and useful. Forward this to a friend who wants the world in five minutes.

—The Five Minute Daily Team