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A congressional vote on the Iran war exposed rare cracks within the president's own party, while a revived Israel-Lebanon ceasefire was quickly overshadowed by reports of growing friction between President Trump and Prime Minister Netanyahu.

At the same time, a new tariff plan targeting dozens of countries is raising fresh questions about the future of global trade. We'll also look at SpaceX's record-setting IPO, a new clue about what makes some cancers more aggressive, and a dramatic start to the NBA Finals.

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The House voted 215–208 to halt the Iran war, requiring Trump to withdraw US forces or seek congressional authorization for a conflict now entering its fourth month with no formal declaration of war. Four Republicans broke ranks to join Democrats — the first time the party has fractured over this conflict.

House Speaker Mike Johnson had maneuvered to block a floor vote, but failed to hold his conference together at a critical moment. Opponents called the measure symbolic, but even symbolic rebukes from a president's own party carry weight heading into an election year.

Israel and Lebanon agreed to revive their ceasefire, the State Department announced Wednesday, establishing pilot security zones inside Lebanese territory where Hezbollah operatives would be barred. Both countries committed to rejecting any actor seeking to "hold Lebanon's future hostage."

A leaked Trump-Netanyahu phone call complicated the optimism — the two reportedly clashed over Israeli strikes on Lebanon that Washington says are undermining its Iran nuclear talks. Tehran responded by threatening to suspend negotiations, and Trump later confirmed he called Netanyahu "crazy."

 The White House said it'll impose levies of up to 12.5% on 59 countries and the European Union for failing to crack down on goods made with forced labor. The list is broad enough to touch electronics, apparel, seafood, and auto parts heading into U.S. ports. 

 Allies are already protesting the EU's inclusion alongside chronic offenders, calling the metric arbitrary. European stocks slid on the news, with Akzo Nobel and Inditex among the names dragging indexes lower. 

Germany's Security Council bid failed Wednesday, losing to Portugal and Austria in a vote Berlin had expected to win. Foreign Minister Johann Wadephul called it a "bitter defeat" and blamed Russia, which opposed Berlin's candidacy over its support for Ukraine.

China banned four New Zealand MPs who visited Taiwan in May — the first time Beijing has taken punitive action against NZ parliamentarians for such a trip. Beijing said the bans could be reversed if the politicians apologized; New Zealand's government has not commented.

Armed clashes erupted in Mogadishu between state security forces and opposition supporters ahead of a planned anti-government demonstration Thursday. AP photojournalists documented soldiers patrolling the streets following the fighting, as organizers vowed to proceed with the protest.

Senate Republicans cut $1 billion earmarked for a Trump White House ballroom and security complex after the president's claim that it would be privately funded proved false. Senators advanced the broader immigration spending bill after stripping the line item — a rare bipartisan rebuff for the White House.

Trump announced the permanent nomination of Todd Blanche — his former personal defense lawyer — to lead the Department of Justice. Blanche became Acting AG in April after Trump removed Pam Bondi; Senate confirmation is now required.

 A Department of Homeland Security inspector general report described officers putting one detainee in a chokehold and stabbing another with a pen at a Louisiana ICE facility. The findings land as the administration ramps up enforcement and detention capacity nationwide.

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The S&P 500 snapped a nine-day winning streak, falling 0.74% to 7,553 as fresh US-Iran escalation fears pushed oil to $96.02 per barrel — its highest close in months. Nasdaq fell 0.89%; Netanyahu told CNBC both Israel and the US stood ready to strike Iran again if necessary.

SpaceX priced its IPO at $135 per share, valuing the company at $1.77 trillion — above Amazon, Meta, and Tesla. Shares debut on Nasdaq on June 12; Elon Musk retains 82%+ of voting control through a dual-class share structure.

 CrowdStrike shares fell after results that topped Wall Street estimates, echoing the punishment Palo Alto Networks took last week. Investors are zeroing in on softer forward bookings as the cybersecurity trade cools. 

 NASA is retiring the MAVEN spacecraft after more than a decade orbiting Mars and reshaping scientists' understanding of how the planet lost its atmosphere. Its data will keep feeding research long after the engines go quiet. 

 A new study found that cancer cells carrying extra chromosomes tend to grow faster and behave more aggressively, pointing to a possible new marker for disease severity. The finding could help oncologists flag high-risk tumors earlier.

Researchers have identified a quantum effect that produces a directional electrical current without a conventional voltage source, offering new insight into how energy can move through certain materials. The discovery is still at an early stage, but it could inform future research into ultra-efficient electronic devices and energy-harvesting technologies.

Jalen Brunson scored 30 points and the Knicks stole Game 1 in San Antonio, erasing a 14-point fourth-quarter deficit on an 11-0 closing run to win 105-95. New York becomes just the third team in 50 years to win a Finals game by 10-plus after trailing in the final two minutes.

Vegas came back from 2-0 down to beat Carolina 5-4 in Stanley Cup Final Game 1, snapping a streak where road teams had gone 0-55 when trailing by multiple goals in a Finals opener. Tomas Hertl scored the winner with 3:24 left in regulation; teams that win SCF Game 1 advance to the Cup 75.6% of the time.

 Ten-time Pro Bowl quarterback Russell Wilson confirmed he is retiring to take an on-air job with CBS Sports. The Super Bowl XLVIII winner closes a 14-season career and joins a crowded booth pipeline of recent QBs.

 Ted Danson issued a public apology for a 1993 Friars Club roast of Whoopi Goldberg in which he performed in blackface, an act condemned at the time by David N. Dinkins, New York's first Black mayor. The apology revives a long-debated chapter of comedy history.

 A new Michael Jackson biopic has pushed his catalog back up the charts while reopening debate about the gap between his music and the abuse allegations that shadowed his final years. The film's softer framing is drawing as much attention as its box office.

The Sundance award-winning film Josephine, starring Channing Tatum and Gemma Chan, has secured distribution rights for the Indian subcontinent through Fragrant Nature Film Creations. The agreement marks another step in the film's international rollout following its strong reception on the festival circuit.

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What it is: SpaceX priced its IPO at $135 per share Wednesday, valuing the company at $1.77 trillion — above Amazon, Meta, and Tesla, ranking it the seventh-largest US company by market cap. Shares debut on Nasdaq on June 12, giving ordinary investors their first stake in the company that launches half the world's satellites and holds NASA's Moon contract.

The detail: Morningstar analysts peg fair value at roughly $780 billion — less than half the IPO price — arguing the $135 target bakes in wildly optimistic revenue projections. Musk retains 82%+ of voting control through a dual-class share structure, meaning public shareholders get economic exposure but essentially no governance rights over how the company is run.

Why it matters: SpaceX controls roughly 60% of global launch market share and operates Starlink, the world's largest satellite internet network with more than 7 million subscribers across 100 countries. A confidence collapse after listing — which has hit other hyped IPOs — could ripple through aerospace and defense sectors that have built infrastructure plans around SpaceX as their primary launch provider.

What to watch: With $75 billion raised, watch how SpaceX deploys the capital — Starship's next-generation development is expensive, and a Starlink constellation upgrade is already in planning. Retail investor lock-up expiration in 180 days will be the real stress test of whether the $1.77 trillion thesis survives first contact with the open market.

- A South Texas calf has tested positive for the New World screwworm, a flesh-eating parasite the U.S. last saw in the 1960s — a sentence cattle ranchers really didn't want to read this morning.

- A group in Las Vegas set a Guinness World Record by constructing the world's largest blanket fort, turning a childhood pastime into a sprawling structure built from thousands of blankets and sheets.

- A loose chicken in Kentucky led animal control officers on an unexpected chase before hopping into a backyard swimming pool, where the pursuit finally came to an end.

Thanks for reading Five Minute Daily. The headlines never stop, but we'll keep bringing you the ones that matter most in five minutes or less.

—The Five Minute Daily Team