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President Trump says a framework for peace with Iran is taking shape, but Tehran is signaling that major gaps remain and no final agreement has been reached. We'll also cover a Supreme Court pause on Alabama's nitrogen-gas execution protocol, severe storms tearing through the Midwest, growing concern over student loan borrowers left in limbo, a new milestone in AI adoption as ChatGPT reaches one billion monthly users, and the record-breaking SpaceX IPO that has Wall Street watching closely.

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President Trump canceled planned airstrikes against Iran Thursday, claiming a peace settlement had been reached "in both concept and great detail" with eleven regional partners including Israel, Saudi Arabia, Qatar, and Turkey. Tehran's Foreign Ministry called the announcement a "tactical retreat," saying no final agreement had been signed.

A draft 14-point memorandum circulated by Iranian state media would commit Washington to lifting oil sanctions and Tehran to reopening the Strait of Hormuz within 30 days. Global stocks surged and crude prices fell roughly 1.7% Friday morning — though no signing date has been confirmed.

The justices issued an unsigned order blocking Alabama from executing Jeffery Lee by nitrogen hypoxia. Alabama became the first state to use the method in 2024, and challengers say it causes prolonged suffocation — not the quick death officials promised.

The pause doesn't strike down nitrogen executions. It does invite a much bigger fight over whether the relatively new method violates the Eighth Amendment. Four states have adopted the protocol since Alabama led the way, which means the eventual ruling lands as a national one.

Tornadoes touched down across Illinois, Indiana, and Wisconsin overnight as a second wave of severe weather slammed the Chicago metro area. The National Weather Service had Chicago squarely in the bull's-eye for back-to-back days — an unusually punishing stretch for the region.

Damage reports are still rolling in from suburbs west of the city. Millions remain under watches into Friday morning. Forecasters warn the same system could spin up more twisters as it pushes east through the Ohio Valley.

Nigeria began evacuating its nationals from South Africa after a rise in anti-migrant violence, joining other African states pulling their people home. The repatriations expose how quickly economic anxiety in Africa's most industrialized economy is curdling into attacks on foreign workers.

The World Bank warned that the Iran conflict is sapping the global economy as energy prices push a fresh wave of inflation through fragile markets. The downgrade hits emerging economies hardest, where food and fuel costs are already squeezing households.

Ousted South Korean President Yoon Suk Yeol was sentenced to 30 years in prison Friday for ordering covert drone flights over Pyongyang that prosecutors argued were engineered to justify his December 2024 martial law declaration. Yoon already faces a separate life sentence on rebellion charges stemming from that martial law attempt.

The Supreme Court blocked Alabama's request to execute death row inmate Jeffery Lee by nitrogen gas, upholding lower court rulings that the method violates the Eighth Amendment's ban on cruel and unusual punishment. Justices Thomas, Alito, and Gorsuch dissented — Alabama may still pursue an alternative execution method.

The Trump-appointed Kennedy Center board voted to appeal a federal judge's order requiring Trump's name to be removed from the building by today, seeking a stay before the deadline hits. Dozens of prominent artists — including Issa Rae and Renée Fleming — have already withdrawn appearances amid the controversy.

Director of National Intelligence Tulsi Gabbard revoked prior intelligence reviews that had downplayed the role of a foreign adversary in the mysterious ailments striking US diplomats and spies. The reversal reopens a long-running dispute over what caused symptoms ranging from vertigo to brain injuries.

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Auto parts maker Dana agreed to combine with Eaton's Mobility unit in a transaction valuing the business at $5.1 billion. The split lets Eaton refocus on power management for AI data centers, where investor appetite is bottomless.

Meta has begun unwinding its completed $2 billion acquisition of Manus — a Singapore-based Chinese AI startup — after Beijing ordered the deal reversed under China's foreign investment security review mechanism. Analysts say the move signals that registering Chinese AI firms in Singapore no longer shields them from Beijing's reach.

Nearly 7 million student loan borrowers remain in the now-terminated Biden-era SAVE repayment plan, their debt accruing interest with no progress toward forgiveness. Borrowers who miss their exit window will be automatically moved to a Standard Repayment plan many cannot afford, raising the prospect of widespread default.

British health authorities will roll out a one-off meningitis B vaccination for around one million young people after an unprecedented outbreak in Kent. It's the first time the jab is being offered broadly to teens and young adults at population scale.

ChatGPT reached 1 billion monthly app users in May — faster than any app in history, surpassing Google Maps' prior record by more than a year. Claude's usage surged 640% year-on-year and Meta AI rose 973%, suggesting the public backlash against AI has yet to touch actual adoption curves.

The American College of Cardiology and American Heart Association released new cholesterol guidelines emphasizing earlier detection and more aggressive LDL lowering. The shift moves prevention upstream, with personalized risk scoring becoming standard for adults well before their first cardiac scare.

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Tampa Bay's Nikita Kucherov won the Hart Trophy as NHL MVP, edging Connor McDavid and Nathan MacKinnon. It's his second Hart, cementing his place near the top of the league's modern era.

Mexico defeated South Africa 2–0 in the World Cup opener at Estadio Azteca — the first match of the 48-team era — before a sold-out crowd. Goals from Julián Quiñones and Raúl Jiménez sealed the win; a record three red cards were issued.

Former Raiders wide receiver Henry Ruggs III was denied parole Thursday, nearly five years after a DUI crash killed 23-year-old Tina Tintor in Las Vegas. Ruggs will next be eligible for parole in August 2027.

Six former '60 Minutes' staffers went on record accusing new editor-in-chief Bari Weiss of destroying the broadcast through mass firings and apparent capitulation to the Trump administration. Veteran correspondent Scott Pelley was fired on June 2 after publicly confronting the new showrunner — a tech columnist with no broadcast journalism experience — at an all-hands meeting.

Nominations-round voting for the 78th Emmy Awards opened Thursday, with 555 program submissions across 14 categories — down 7.5% from last year. Voting closes June 22 and nominations are announced July 8; "The Boys" and "Saturday Night Live" each led with 28 performer submissions.

Taylor Swift gave a teary acceptance speech in New York, thanking her family and calling songwriting "the easiest thing I ever did" across her 23-year career. The honor places her among an elite roster of inductees recognized for shaping American popular music.

What it is: SpaceX priced its IPO at $135 per share, raising $75 billion and valuing the company at $1.77 trillion — nearly three times the prior record for any U.S. public offering. Goldman Sachs led the deal; the Nasdaq debut positions SpaceX as the seventh most-valuable U.S. company, leapfrogging Tesla in a single session.

The detail: SpaceX's record-breaking offering caps a 24-year run from near-bankruptcy to the most-anticipated market debut of the decade. Revenue grew 33% in 2025 to $18.67 billion, yet Q1 2026 brought a $4.28 billion net loss and a cumulative deficit of $41.3 billion since the company's 2002 founding.

Why it matters: Elon Musk's stake is now valued at $866 billion, putting him on a credible path to becoming the world's first trillionaire. Early backers like Ron Baron — who invested roughly $2 billion and now holds $12 billion — and university endowments with early access are sitting on equally historic paper gains; Washington University in St. Louis' ~$50 million stake now accounts for over 10% of its $17 billion endowment.

What to watch: SpaceX has always kept a tight grip on its cap table, meaning liquidity for early shareholders remains complicated even after the IPO — lockup expiration in late 2026 will be a major market event. Whether Goldman's syndicate can sustain a $1.77T valuation for a company still posting net losses, and how Wall Street ultimately prices the ambition of colonizing Mars, will define SpaceX's first chapter as a public company.

- A skydiver set a Guinness World Record by solving two Rubik's Cubes during a single jump, completing both puzzles before landing and adding a new entry to the long list of unusual achievements attempted in freefall.

- A 7-year-old boy from Pennsylvania earned a Guinness World Record after putting on 50 sweaters in under five minutes, turning a mountain of knitwear into a record-breaking achievement.

- A 74-year-old grandmother from China has drawn millions of views online for her youthful appearance and bold fashion choices, with many social media users expressing disbelief when they learned her age.

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—The Five Minute Daily Team