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The Big Read

Brent Tops $111 as Markets Read the Hormuz Standoff for the Long Haul

Brent crude pushed past $111 a barrel Tuesday as US-Iran talks stayed frozen at phone-only and traders priced in another two weeks of disrupted shipping. Bank of Japan held rates steady in a split 6-3 vote but raised its inflation forecast, a hawkish hold currency desks see as a setup for midyear hikes.

Iran is offering to reopen the Strait if the US lifts its blockade and ends the war, a proposal Trump's team called "under review." Tehran's foreign minister briefed Putin in person Monday, then flew home before Washington signaled any willingness to resume in-person talks.

German Chancellor Friedrich Merz said publicly Monday that the US is being "humiliated by Iran," breaking with months of European silence on Trump's strategy. BP's Q1 results published the same morning showed oil-trading profits 24x the year-ago figure — quantifying where the war's premium is flowing.

King Charles Address to Joint Session Anchors a Tense State Visit

King Charles addresses a joint session of Congress Tuesday — the first British-monarch speech to lawmakers since 2007 and the centerpiece of his four-day state visit. Speech emphasizes US-UK ties and shared institutions at a moment when the two governments are on opposite sides of multiple policy questions.

Saturday's correspondents' dinner shooting forced a security-perimeter rewrite that has the King moving in tighter motorcades than originally planned. Charles and Camilla landed at Andrews on Tuesday morning and head to a Capitol Hill ceremony before evening events at the British ambassador's residence.

Palace officials previewed the King's line that the UK and US always find ways to come together, language echoing Churchill's joint-session speech eighty years ago. Day 2 of the visit includes a state dinner at the White House and meetings with congressional leadership from both parties.

Supreme Court Hears Bayer's Roundup Case With Tens of Thousands of Suits Riding on It

The Supreme Court heard arguments Monday in a closely-watched Roundup case asking whether federal pesticide law preempts state-level cancer warnings on glyphosate products. Plaintiffs argue the chemical causes non-Hodgkin lymphoma, and a ruling for Bayer could foreclose tens of thousands of pending lawsuits.

Bayer inherited the cases when it bought Monsanto in 2018 and has paid more than $11 billion in settlements without resolving the underlying liability question. A ruling for preemption would close the litigation door; a ruling against would keep state warnings — and lawsuits — fully active.

A Bayer win on preemption could end most ongoing Roundup litigation in a single stroke and reshape how state-level cancer warnings work for federally-regulated products. The decision is expected by late June, and settlement traffic across federal and state dockets has effectively paused while the case is pending.

World View

Mali City of Kidal Falls to Tuareg Fighters

Russia's Africa Corps confirmed it pulled mercenaries out of the strategic northern hub of Kidal after coordinated weekend attacks. Tuareg separatists now control the airport and key government buildings, alongside allied Islamist fighters.

IS Claims Nigeria Football-Pitch Attack That Killed 29

Islamic State militants raided a football pitch in Adamawa State, Nigeria, opening fire and killing 29 people on Sunday. ISWAP, the local IS-affiliated faction, claimed responsibility within hours and called the attack a warning to villagers cooperating with government forces.

New Zealand Drops Wartime Statue Plan

Wellington scrapped a planned Auckland memorial honoring World War Two comfort women after Tokyo warned the unveiling would damage diplomatic ties. Korean community leaders called the cancellation a quiet capitulation to pressure.

Need To Know

Cole Allen Formally Charged With Attempted Assassination

Cole Tomas Allen was formally charged Monday with attempted assassination and 14 related felonies in connection with Saturday night's correspondents' dinner shooting. Federal prosecutors filed in DC District; the FBI affidavit cites recovered bomb-making materials and a notebook found in Allen's California rental.

Trump Pays Two More Companies to Walk Away From Offshore Wind

The Interior Department is paying two more developers to walk away from federal offshore wind leases, the third such buyout this quarter. Move continues a Trump rollback that has now killed roughly 8 gigawatts of planned East Coast capacity since January.

CDC Warns of Drug-Resistant Salmonella From Backyard Poultry

The CDC linked 34 illnesses across 13 states to backyard chicken contact, all carrying a salmonella strain resistant to first-line antibiotics. Officials are urging stricter hand-washing protocols and warning the infections are clustering in households that adopted birds during the post-pandemic poultry boom.

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Money & Markets

BP Profits More Than Double on Iran-War Oil Spike

BP reported Q1 profits of $3.2 billion, more than double the year-ago quarter, with $2.5 billion of it coming from oil-trading operations alone. Result is the first major oil-major print of the Iran-war era and sets the bar for Shell, Chevron and ExxonMobil reports later this week.

CATL Shares Slide After $5 Billion Hong Kong Placement Plan

CATL shares fell almost 7% Tuesday after the world's largest EV battery maker disclosed a $5 billion equity placement on the Hong Kong exchange. Move adds to a string of mainland-China issuers tapping HK liquidity as Beijing keeps onshore capital raises tightly capped.

United CEO Confirms He Approached American About a Merger

United Airlines CEO Scott Kirby confirmed publicly Monday that he approached American Airlines about a merger and was turned down. Disclosure is the first US-airline-consolidation overture since the JetBlue-Spirit deal collapsed and signals where Kirby thinks the industry is headed.

Future Frontiers

Spotify Refuses to Add an AI Music Filter

Rival streamer Deezer rolled out a one-tap toggle to hide machine-generated tracks, but Spotify is refusing to ship one. Songwriter groups are pressing the platform to label AI uploads ahead of a Senate hearing.

Apple's Next Era Begins Under John Ternus

The longtime hardware chief is moving into the lead product role at Apple, inheriting a slowing iPhone cycle and a sprawling AI rebuild. Suppliers say Ternus has already pushed to compress the next chip schedule by a quarter.

Brain Health Talks Sideline Mental Illness

A new STAT essay argues clinicians and funders are quietly redefining brain health to focus on dementia while sidelining serious mental illness. The framing shapes which research gets funded and which patients get covered.

The Score

Jokic Triple-Double Keeps Nuggets Alive Against Wolves

Nikola Jokic posted a 27-16-12 triple-double to keep Denver alive in Game 5, with the Nuggets winning 125-113 against an Edwards-less Minnesota lineup. The series shifts back to Minneapolis for Game 6 on Thursday, with the Wolves still leading 3-2.

Judge and Rice Match Mantle and Berra With 10-Homer Starts

Aaron Judge and Ben Rice each have 10 home runs through 29 games, the first Yankees pair to manage it since Mickey Mantle and Yogi Berra in 1956. Rice has been the bigger surprise of the two; Judge is on a 70-homer pace if he holds his current rate.

Pistons Face Elimination After Magic's Game 4 Win

Eight-seed Orlando took a 3-1 series lead over Detroit Monday after a Desmond Bane 29-foot dagger sealed a 94-88 win in the closing minute. 60-win Pistons must win three straight to avoid one of the biggest first-round upsets in recent playoff memory.

Life & Culture

Lisa Kudrow Says 'Friends' Writers Discussed 'Sexual Fantasies' About Co-Stars

Lisa Kudrow told The Times of London the Friends writers' room, mostly men, openly discussed sexual fantasies about her female co-stars during the show's run. Kudrow described the conversations as "brutal" and recalled writers' anger when actors flubbed lines in front of the live 400-person studio audience.

Prada Releases Indian-Made Sandals

The Italian house unveiled a limited run of Kolhapuri-style sandals stitched in Maharashtra after last year's cultural appropriation backlash. Profits from the line will fund a craft school for the original artisans.

Gerry Conway, Marvel Writer Who Created the Punisher, Dies at 73

Gerry Conway, the Marvel Comics writer who created the Punisher and Ms. Marvel, died Sunday at 73. Conway also wrote the famously divisive "Death of Gwen Stacy" arc that reshaped how mainstream comics handled mortality.

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Deep Dive

Terence Tao on AI and What Mathematicians Do Next

What it is: UCLA's Terence Tao — perhaps the most decorated living mathematician, a Fields medallist and prolific blogger — gave Nature a long Q&A Sunday on what AI is doing to his field and what graduate students should be doing about it now. Tao tested GPT, Claude and Gemini on a curated bench of 1,000+ Erdős problems, posted his findings to arXiv this month, and wrote a companion essay for The Blackwell Companion to the Philosophy of Mathematics due in autumn.

The detail: AI now solves competition-level math faster than most graduate students and increasingly handles the grunt work of theorem-proving — pattern-matching across mathematical literature, suggesting plausible lemmas, drafting proof scaffolding for human review. Tao described colleagues cycling through "the five stages of grief" over what's been lost to automation, but argues the human role is shifting toward problem selection, mathematical taste, and the cross-domain synthesis no current model can yet pull off.

Why it matters: Pure mathematics is the canary for what AI is going to do to every other expert domain over the next ten years. If the highest-IQ profession on earth is reorganizing around AI assistance rather than fighting it, the same playbook is coming for law, medical research and quant finance — sooner than the working professionals in those fields seem to expect today.

What to watch: Tao predicted graduate students who refuse to use AI will have fewer career opportunities five years from now — a blunt forecast from someone whose endorsements move department-level hiring decisions across elite math programs. Next signal: whether top math PhD departments add AI-collaboration sequences and assistant-handling literacy to their core curricula by the 2027 admissions cycle, and whether journals start requiring AI-disclosure statements alongside conflict-of-interest forms.

Extra Bits

  • Kid Rock and Pete Hegseth flew Apache helicopters together at a Virginia base Monday, an outing the Pentagon is now being asked to explain by the Senate Armed Services chair.

  • A man laughed so hard at a botched NFL field goal that he had a seizure — and the hospital workup that followed turned up a condition he didn't know he had, possibly saving his life.

  • Cape Cod fishermen donated a rare two-toned lobster to a New England aquarium after sparing it from the kettle on account of its split-color shell.

Today’s Trivia

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