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A proposed 25% tariff on Brazilian imports is opening a new front in the administration's trade agenda, while an unexpected choice to oversee the nation's intelligence agencies is drawing scrutiny on Capitol Hill. At the same time, states are racing to implement stricter Medicaid work requirements that could affect coverage for millions of Americans.

We'll also cover a record-setting day for the stock market, growing warnings about a potentially powerful El Niño, and a medical trial that could change how one of the world's most common sleep disorders is treated.

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The administration unveiled a 25% tariff on Brazilian goods, the latest attempt to rebuild its trade agenda through Section 301 investigations after earlier tariff frameworks ran into legal trouble. Brazil is the largest economy in South America and a major supplier of coffee, steel, and orange juice to U.S. consumers.

Section 301 is the same statute Trump used in his first term to hit China, and it gives the executive branch wider latitude than the emergency powers courts have recently questioned. Markets shrugged on the announcement. Importers and Brazilian exporters now have weeks, not months, to brace.

President Trump tapped Bill Pulte, the head of the federal housing finance agency, to serve as acting director of national intelligence. It's a loyalist with no known intelligence background now sitting atop the 18-agency apparatus, a portfolio historically reserved for career spies or veteran lawmakers.

The appointment is acting, which means it sidesteps Senate confirmation for now. A permanent nominee would face hearings, and allies on the Hill have already signaled discomfort with the choice. The intelligence community is bracing for an unusual learning curve at the top.

The administration released Medicaid work-requirement guidance that came in stricter than expected, with narrower carve-outs for people with serious illness. States must stand up the verification bureaucracies by January 1.

That's roughly seven months for state agencies to build eligibility-tracking systems from scratch. History suggests the result is coverage losses even among people who meet the rules. Lawsuits from advocacy groups are widely expected.

Italian police arrested two men after CCTV footage caught them blocking a minivan's doors and throwing accelerant inside, killing four Pakistani and Afghan farmworkers in Calabria. Survivors said the attack followed a dispute over unpaid wages from strawberry-field work.

A new El Niño phase could begin within weeks, the UN warned, with forecasters saying it may rank among the most intense on record. The pattern reliably scrambles global rainfall, fuels heat waves, and shoves commodity prices on everything from cocoa to wheat.

Despite a US-brokered framework in place since April, violence has intensified across Lebanon, Gaza, and Iran — with all sides continuing attacks as if no agreement exists. Lebanon peace talks restarted in Washington on June 2 even as Israeli strikes continued on the ground.

The Trump Justice Department has pursued denaturalization as a tool against immigrants, alarming naturalized citizens and legal scholars across the country. Courts have so far blocked attempts to revoke citizenship at scale, but the administration's legal pressure campaign continues.

California, Iowa, Montana, New Jersey, South Dakota, and New Mexico are all holding primaries today. Iowa's Democratic Senate primary is among the most closely watched; Democrats need key wins to reclaim the Senate.

A new OMB proposal would allow the administration to block federal grants that conflict with the president's agenda or what it calls "anti-American" values. Critics say it collides with congressional spending authority. Supporters say it tightens executive oversight.

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The S&P 500 closed at 7,609 on Tuesday — its first-ever close above 7,600 — with the Dow adding 228 points on the day. AI-related stocks including Marvell, HPE, and Palo Alto drove much of the session's gains.

Marvell Technology posted its best day ever, jumping 32% after Nvidia CEO Jensen Huang said it could become the next trillion-dollar company. Marvell makes custom AI silicon for hyperscalers, the same buyers fueling Nvidia's run.

Shares of Victoria's Secret jumped 40% after a sizable earnings beat and a raised sales outlook, with CEO Hillary Super crediting traction with younger shoppers. The turnaround narrative had been skeptical for years. Today it got a lot less so.

Stanford researchers identified a new immune cell in flatworms — called a "ruptoblast" — that explodes on command and releases toxins capable of killing up to 70 surrounding cells. Published in Cell, the findings describe a completely new form of cell death researchers have named "ruptosis."

A once-nightly pill significantly improved obstructive sleep apnea symptoms in a large Phase 3 trial, targeting the biology of airway collapse instead of forcing patients into CPAP masks. Roughly a billion people worldwide have OSA, most of them untreated.

Microsoft unveiled proprietary AI models designed to reduce dependence on OpenAI and lower development costs for enterprise customers on Azure. Shares of both companies moved on the announcement as investors reassessed the long-term economics of the Microsoft-OpenAI relationship.

The 2026 NHL Stanley Cup Final begins tonight, with the Vegas Golden Knights hosting the Carolina Hurricanes in Game 1. Both teams enter evenly matched; ESPN ranks this among the most competitive Cup Final pairings in recent memory.

All 48 national teams have submitted their final 26-player rosters for the FIFA World Cup 2026, which kicks off this summer. ESPN published a full pre-tournament squad-by-squad ranking of every team's odds of lifting the trophy.

Columbus Blue Jackets defenseman Zach Werenski captured the Norris Trophy as the NHL's best defenseman this season. Werenski's award is a rare major individual honor for the Blue Jackets, a franchise still finding its footing.

Mariska Hargitay's Broadway debut in Every Brilliant Thing drew 97% capacity at the Hudson Theatre in her first week, taking over from Daniel Radcliffe. Death of a Salesman led all Tony hopefuls in gross.

Martin Scorsese is backing Black Forest Labs, an image and video generation startup, one of the clearest signs yet that Hollywood's stance on AI is softening. The director who once defended cinema against superhero films is now cutting checks to generative-AI builders.

Sabrina Carpenter was granted a restraining order against a 31-year-old man who allegedly tried to force his way into her Los Angeles home last month, insisting she was expecting him. Carpenter called it a "disturbing violation of safety."

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What it is: The 2026 boxing calendar is filling out with a slate of marquee matchups running through the summer and fall, headlined by Xander Zayas vs. Jaron Ennis and comeback bouts from Anthony Joshua and Errol Spence.

The detail: Zayas-Ennis pits two of welterweight's fastest-rising names against each other, with the winner inheriting much of the division's spotlight. Joshua's return is among the most-watched storylines in heavyweight boxing. Spence is trying to rebuild after a layoff and a punishing loss to Terence Crawford. Behind those bills sit fights involving Deontay Wilder, Tyson Fury, and Japanese pound-for-pound star Naoya Inoue.

Why it matters: Boxing has spent years splintered between Saudi-backed mega-cards, Premier Boxing Champions, and Top Rank, leaving fans to track fights across half a dozen broadcasters. A 2026 calendar this dense, with several long-promised matchups finally booked, is a rare moment of alignment. It also lands as Netflix, DAZN, and Saudi promoter Riyadh Season jockey for the sport's premium events.

What to watch: Whether Joshua looks anything like his old self in his comeback. Whether Zayas-Ennis delivers a clean star turn. And whether the Saudi-funded card structure keeps absorbing the sport's biggest names. Inoue's next outing will also test whether the lighter weight classes can finally pull pay-per-view numbers in the U.S.

- New York police are investigating videos of people climbing out of manholes across the city at night, a mystery that has officials puzzled and urban explorers presumably delighted with the publicity.

- A toddler died in Montreal after a bouncy castle was lofted by harsh winds during a church party as severe thunderstorms swept through, a tragedy that has reignited long-running safety debates around inflatable attractions.

- Uber's annual Lost & Found Index revealed that riders left behind some remarkably unusual items this year, including breast milk, an ankle monitor, a live turtle, and even a mannequin head.

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—The Five Minute Daily Team