In partnership with

FIVE MINUTE DAILY

Political power, corporate influence, and the next generation of leadership all took center stage Tuesday. New York voters delivered a result that could reshape Democratic politics, Wall Street got another sign that technology is redefining the market's old guard, and the NBA welcomed a player many believe could become the face of the league.

We'll also cover developments in Washington, global tensions, science breakthroughs, and the stories worth watching today.

Forward this to a friend who wants the world in five minutes.

Perps Just Made It to the US. Finally.

Perpetual futures: $90 trillion in annual volume, almost all of it offshore, unregulated, and one bad week away from vanishing.

Kalshi brought them onshore. First CFTC-regulated perps in US history. No expiry, no rollover, up to 5.8x leverage on BTC, ETH, SOL, XRP, and more. Trade the price direction without touching the asset.

Using leverage increases risk of loss. Leverage is subject to the Firm's review and the customer's risk profile.

The Big Read

Mamdani-Backed Candidates Sweep New York Democratic Primary

A clean sweep of Mamdani-backed candidates carried New York's Democratic primaries Tuesday, with Brad Lander unseating Dan Goldman in a race that laid bare the city's divisions over the Israel-Gaza war. Outside money flowed into the contests at record levels and visibly failed to stop the progressive sweep.

Tuesday's primaries also tested Trump's endorsement strength alongside Mamdani's, with mixed results across Maryland and Utah's same-day contests. November now features a meaningfully different House landscape than party operatives planned for in spring.

US-Iran Deal Nears Finalization With $300B Reconstruction Plan

US and Iranian negotiators are closing in on a final war-ending deal, with a break in the Strait of Hormuz shipping bottleneck now reportedly in the works. Talks have moved past the framework phase into specific sanctions-relief sequencing and inspection regimes that both sides spent the spring rejecting.

A proposed $300 billion reconstruction plan for Iran is the part still openly contested, with funding sources unclear and former National Security Adviser Jake Sullivan calling the approach "something entirely new." Whoever fills the reconstruction line will define whether the deal holds beyond the immediate ceasefire window.

Ukraine Strikes the Crimea Rail Bridge, Triggering Fuel Shortages

Ukraine struck the Crimea rail bridge, severing one of Moscow's last supply routes into the occupied peninsula and triggering immediate fuel shortages. Fuel sales have been suspended to civilians; petrol stations across Crimea are closed to the public as military logistics take priority.

Cars lined up for hours at petrol stations across Crimea as drivers found pumps dry and shortages spreading into civilian life. Kyiv has described isolating Crimea as a strategic priority — Monday's strike is the latest move to cut Russian resupply by land and sea.

World View

Alibaba Sues US Defense Department Over Blacklist

Chinese e-commerce giant Alibaba is suing the US Department of Defense after being added to a list of firms with alleged ties to the Chinese military. Lawsuit is the most direct corporate challenge yet to the Pentagon's 1260H designation list.

Germany's Rail Network Briefly Halts Nationwide on IT Failure

Deutsche Bahn paused train services across Germany for more than two-and-a-half hours Tuesday following a nationwide IT malfunction. Disruption stranded passengers across major hubs and put renewed focus on the rail operator's digital infrastructure.

French Woman Held Captive for 12 Years in Pakistan Rescued

A French woman who says she was held captive for 12 years by her husband in Pakistan was rescued alongside her five children, all of whom had been cut off from the outside world. Yasmina's account is now being reviewed by Pakistani investigators as French diplomats coordinate the family's return.

Need To Know

Supreme Court Backs Trump in Green Card Case

The Supreme Court sided with the Trump administration in an immigration case involving green card holders, delivering another legal win for Trump's enforcement agenda. A federal judge separately barred immigration arrests at US courthouses on the same day, creating competing legal signals on enforcement limits.

Seventeen States Sue California Over Strict Plastic Recycling Law

A coalition of 17 states and a trade association is suing California to block its strict recycling law aimed at reducing plastic waste. Plaintiffs argue the rule unlawfully exports California's standards onto national plastics manufacturers.

Congress Passes Bipartisan Housing Affordability Bill

A bipartisan housing affordability bill passed both chambers Tuesday and is heading to the President's desk, aimed at lowering costs by expanding housing supply. The package combines tax credits, federal land releases, and zoning incentives for states that ease construction rules.

INBOX CLEANUP

Those robocalls, junk texts, and phishing emails aren't random. They start with data brokers — companies that collect your personal info and sell it to marketers and scammers.

Block one number and three more appear, because the source never gets shut off.

Incogni shuts off the source. It finds the data brokers holding your information, sends removal requests on your behalf, and keeps them away automatically — from any site, any time.

Less spam. Fewer scam attempts. A smaller digital footprint for hackers to find.

Right now it's 55% off through the link below. Cut the spam off at the root.

Stop the spam — claim 55% off

*This is a paid advertisement. Five Minute Daily may earn a commission from purchases made through links in this email. Discount reflects 55% off and applies through the link above; offer subject to change by Incogni.

Please support our sponsors!

Money & Markets

GameStop's Cohen Spurns $35 Billion Pay Plan

CEO Ryan Cohen will forgo a potential $35 billion performance award to focus on GameStop's bid to take over eBay, with more details expected soon. It's a rare CEO move: walking away from a payday to chase a deal nobody asked for.

Factory Job Cuts Near Financial-Crisis Levels

Manufacturing job cuts neared financial-crisis levels in June — the worst since 2009 outside the pandemic — driven by demand uncertainty and surging raw material costs. S&P Global's PMI beat estimates, but US Q2 GDP growth is tracking at just ~1% as Middle East uncertainty dampens business investment.

Alphabet Replaces Verizon in the Dow Jones Industrial Average

Alphabet will replace Verizon in the Dow Jones Industrial Average, the most significant Dow recomposition since Apple joined the index nine years ago. Switch formally codifies what AI-driven trading has been pricing in for months.

Future Frontiers

Rocket Lab Launches Space Force Mission in 17 Hours

Rocket Lab launched a U.S. Space Force payload with less than 17 hours' notice, setting a responsiveness record for the small-launch sector. The Pentagon has been pushing for exactly this kind of rapid-call capability as space gets more contested.

Forty Global Mayors Sign Data-Center Pact at London Climate Week

Forty mayors from around the world signed onto a new pact at London Climate Week aimed at shaping how urban data centers are built and operated. Agreement covers water use, grid demand, and zoning standards that signatory cities will write into the next round of permitting reform.

YouTube Settles Social Media Addiction Case With Teen

YouTube settled a social media addiction case with a 15-year-old plaintiff this week, the first such settlement against a major platform. Plaintiff's case against three other tech giants begins next month and could shape industry liability standards.

WORTH OWNING NOW

Some stocks make their biggest moves before most investors notice.

That’s why Zacks created 5 Stocks Set to Double, a free report featuring 5 stocks selected by Zacks experts for their realistic +100% upside potential.

Each pick also has a strong Zacks Rank, signaling rising earnings estimates and possible near term momentum.

Past editions have included gains of +143.08%, +175.3%, and even +340.3%.¹ Of course, results are never guaranteed.

Don’t wait until these stocks are already on everyone’s radar.

Get the 5 Stocks Before the Crowd Does.

*This free resource is being sent by Zacks. We identify investment resources you may choose to use in making your own decisions. Use of this resource is subject to the Zacks Terms of Service.
*Past performance is no guarantee of future results. Investing involves risk. This material does not constitute investment, legal, accounting, or tax advice. Zacks Investment Research is not a licensed dealer, broker, or investment adviser.

Please support our sponsors!

The Score

Wizards Take AJ Dybantsa No. 1 in NBA Draft

Washington selected AJ Dybantsa first overall — the BYU freshman led all of Division I in scoring and is the franchise's first top pick since John Wall in 2010. Dybantsa joins a Wizards rebuild anchored by Trae Young, who intends to sign a ~$212M deal, and Anthony Davis.

Padres Walk Off Braves 7-6 in Tenth on Machado RBI

Manny Machado hit an RBI single in the tenth to lead San Diego to a walk-off 7-6 win over Atlanta Tuesday night. Padres now hold the season series tiebreaker over the NL East-leading Braves.

Buffalo Bills Open New $2.1 Billion Stadium

The Bills unveiled their new $2.1 billion stadium Tuesday, with current owner Terry Pegula and Mary Wilson, widow of late owner Ralph Wilson, opening the building together in an emotional ceremony. The stadium hosts its first preseason home game in August.

Life & Culture

Netflix's Biggest Debut of 2026: 'I Will Find You'

Harlan Coben's thriller 'I Will Find You' scored 24 million views in its first four days on Netflix — the streamer's biggest new series debut of 2026. Sam Worthington stars in the latest of Coben's 13 Netflix adaptations; his prior series "Run Away" earned 38 million views in four weeks.

Disney Almost Bought James Bond — and Twitter

Disney failed to buy the James Bond franchise and walked away from purchasing Twitter just hours before that deal was expected to close, a new account of the studio's recent dealmaking reveals. Both near-misses are described as Bob Iger decisions that reshaped Disney's competitive position with Apple and Meta.

Magic School Bus Goes Live-Action With Elizabeth Banks as Ms. Frizzle

A live-action Magic School Bus movie is regaining momentum with Elizabeth Banks set to star as Ms. Frizzle. The project had stalled for years before a new director attachment brought it back into active development this spring.

Deep Dive

The World's First Nuclear Clocks

What it is: Two independent research teams in Vienna and Beijing built the world's first nuclear clocks this week, simultaneously completing a 20-year physics research goal that once seemed out of reach. Unlike conventional atomic clocks, which track quantum jumps of electrons around a nucleus, nuclear clocks exploit energy transitions inside the nucleus itself — in a layer of physics almost impossible to access until now.

The detail: Thorium-229 is the key: it has an unusually low nuclear transition energy, making it the only isotope accessible to ultraviolet lasers available in today's well-equipped physics labs. Both teams embedded thorium-229 ions in crystal lattices, used UV lasers to drive the quantum jump, and measured the resulting frequency with extraordinary precision — confirming the nuclear clock's viability as a timekeeping instrument.

Why it matters: Atomic clocks already underpin GPS, global financial timestamps, and internet synchronization — but nuclear clocks promise to be orders of magnitude more precise, enabling navigation systems that work entirely without satellite infrastructure. More provocatively, nuclear clocks are sensitive enough to detect tiny drifts in fundamental physical constants, offering an experimental window on dark matter and physics beyond the Standard Model.

What to watch: Neither clock is yet portable — both depend on specialized UV laser setups found only in high-end physics laboratories, and miniaturization into a field-deployable device remains years away. Still, with both teams achieving this milestone independently and major science programs in the EU, US, and China funding follow-on research, the race to shrink the nuclear clock has formally begun.

Extra Bits

  • The NHL is exploring expansion into Texas, with Houston or Austin in the running and a framework already agreed upon with billionaire Dan Friedkin, in case anyone still believed hockey was reserved for cities that get measurable snowfall.

  • A new poll finds 4 in 10 US adults feel "proud" about America's 250th anniversary and 3 in 10 feel "excited," numbers that suggest the country is approaching its birthday with the energy of a teenager being told the party will start at six.

  • A giraffe named Gracie wandered off a Texas ranch over a week ago, and her owner is offering a $5,000 reward — surely the easiest fugitive to spot in the Lone Star State.

Today’s Trivia

Cats are among the most agile hunters on Earth — and their hearing is a big part of why. Each cat ear can move independently and with remarkable precision. How many muscles control each of a cat's ears?

Login or Subscribe to participate

Thanks for reading Five Minute Daily. Share this with someone who wants a clear morning brief, and subscribe to get the next edition.

—The Five Minute Daily Team

Keep Reading