From TradeBriefs <[email protected]>
Subject Growth Claims Behind Trump's Big Policy Bill Rarely Pan Out in Reality - Jun 26, 2025
Date June 26, 2025 3:00 AM
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Editor's Pick

Anthropic: All the major AI models will blackmail
[[link removed]}&lead=419599&emailid=204745&nl=daily research
explored a phenomenon they're calling agentic misalignment, the way in
which AI agents might make harmful decisions. It did so following the
release of the Claude 4 model family and the system card [PDF]
detailing the models' technical characteristics, which mentioned the
potential for coercive behavior under certain circumstances.

"When Anthropic released the system card for Claude 4, one detail
received widespread attention: in a simulated environment, Claude Opus
4 blackmailed a supervisor to prevent being shut down," the company
explained. "We're now sharing the full story behind that finding –
and what it reveals about the potential for such risks across a
variety of AI models from different providers."

Continued here
[[link removed]}&lead=419599&emailid=204745&nl=daily]

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Work

Growth Claims Behind Trump's Big Policy Bill Rarely Pan Out in Reality
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
A retrospective on four previous Republican-driven tax-cut packages
found that the results always come up short compared to bullish
predictions of economic booms and lower deficits.

Work

Trump Administration Says California's Trans Sports Policies
Discriminate Against Girls
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
The Education Department cited Gov. Gavin Newsom’s own words
questioning transgender girls in female sports, and said the state had
violated federal civil rights law.

Work

The Iran Crisis: What Leaders Need to Know - Harvard Business Review
(No paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
In this week's edition of the HBR Executive Agenda, editor-at-large
Adi Ignatius reports on the global economic impacts of conflict
between Israel, the U.S. and Iran. To understand what disruptions
businesses should start planning for, Ignatius spoke to Ian Bremmer,
president of Eurasia Group and an expert on global politics.

Work

Goodbye fancy bar, hello at-home pizza party: Young Americans cut back
- WSJ (No paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
In-store and online purchases for 18- to 24-year-olds fell 13%
year-over-year between January and April, according to market research
firm Circana. Spending by older groups is still on the rise but has
slowed.















Work

International Force in Haiti Sent to Tackle Gangs Faces Uncertain
Future
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
It’s been one year since an international police force was sent to
take on gangs that have terrorized Haiti, but its funding and future
are uncertain.

Work

Housing Department to Move Headquarters, Booting National Science
Foundation
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
The plan to depart Washington and take over the science agency
building in Virginia raised questions about where N.S.F. employees
would go.

Work

Zohran Mamdani's Upset Is a Seismic Moment for the Left
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[[link removed]}&lead=419599&emailid=204745&nl=daily]
New York is still tallying the votes, for sure. But a 33-year-old
state lawmaker who became an avatar for the political movement led by
Bernie Sanders and Alexandria Ocasio-Cortez is leading in the race for
Mayor of New York City. The significance of an apparent Zohran Mamdani
victory over former New York Gov. Andrew Cuomo is a seismic moment
that signals how much of an insurgent posture Democrats are in at the
moment. As party leaders fret about whether Kamala Harris lost for
being seen as too "woke" on various issues, the coastal deep-blue
enclaves are completely disconnected from that conversation, and the
party's dreadful standing on the national stage.

Work

Second study finds Uber used opaque algorithm to dramatically boost
profits
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
US academics say computer code systematically raised fares at expense
of drivers and passengers














Work

Emil Bove Denies Suggesting Justice Dept. Ignore Court Orders in
Deportation Cases
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[[link removed]}&lead=419599&emailid=204745&nl=daily]
During a confirmation hearing for an appeals court opening, Emil Bove
III was repeatedly questioned about a whistle-blower complaint that
portrayed political appointees as willing to mislead judges.

Work

What Is a Democratic Socialist?
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
The term has no singular definition. But simply put, it’s an
ideology rooted in its opposition to capitalism and wanting to shift
power from corporations to workers.

Work

U.S. Is Creating 2 New Expanded Military Zones Along Border With
Mexico
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[[link removed]}&lead=419599&emailid=204745&nl=daily]
The plans for strips of land in Texas and Arizona are the latest step
to militarize the boundary to stem an already dwindling number of
migrant crossings.

Work

Carmakers push back against Apple's takeover of the dashboard - FT (No
paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
CarPlay Ultra rollout comes as auto groups are introducing their own
infotainment systems














Work

RNA has newly identified role: Repairing serious DNA damage to
maintain the genome
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Researchers discovered a previously unknown function of RNA,
potentially opening the door to new ways to treat cancer and
neurodegenerative diseases.

Work

D.O.J. Ends Inquiry of Housing Development by Texas Muslims
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
A proposed housing development with a mosque at its center drew
scrutiny from Texas Republicans, who feared the project would
discriminate against non-Muslims.

Work

Trump Says U.S.-Iran Talks Will Take Place Next Week (Live) - Forbes
(No paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
President Donald Trump on Wednesday insisted U.S. strikes led to a
complete obliteration of Iran's nuclear sites and ended the war
between Israel and Iran, disputing reports citing a U.S. intelligence
assessment that found the bombings only set back Iran's nuclear
program by a few months - as Trump said the U.S. and Iran will meet
for talks next week.

Work

Tech Leaders Predict a Human Hiring Boom as Workers Gain AI Skills -
Inc (No paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Technology companies have slashed nearly half a million jobs since
2023, including over 63,000 positions so far this year. One driver of
those cuts has been leading firms pouring billions into developing
artificial intelligence (AI) applications - automated tools designed
to taking over more tasks performed by humans. Despite fears AI will
further decimate tech employment, a new study finds most C-suite
leaders think it will add, rather than decrease work for both geeks
and other people.














Work

The Power issue - MIT Technology Review (No paywall)
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Altman, Bezos, and Musk say they want to save humanity by creating
superintelligent AI. Journalist and astrophysicist Adam Becker reveals
how these fantastical visions conceal a darker agenda.

Work

Deaths from heart attacks are way down. Here's what's killing us
instead
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Your chance of dying from a heart attack has dropped dramatically, but
other deadly heart conditions are on the rise, a new study found.

Work

Can a woman run a four-minute mile? - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
More than 70 years ago, Roger Bannister became the first person to run
a mile in under 4 minutes. And, as runners continued to obsess over
the mark, several thousand more followed in his wake.

Work

Even Warren Buffett hasn't fixed the RV industry's serial breakdowns -
WSJ (No paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
It was coming from the Forest River recreational vehicle he was
towing. Nelson, a longtime Montana highway patrolman, got his three
daughters to safety, then he and his wife grabbed a fire extinguisher.














Work

China to block its rare-earth experts from spilling their secrets -
WSJ (No paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
China has told companies in its rare-earth industry to give the
government lists of employees with technical expertise, aiming to
ensure they don't divulge trade secrets to foreigners.

Work

Zohran Mamdani's New York City Miracle - The New Yorker (No paywall)
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Zohran Mamdani barely slept the night before primary day. At 5:30 A.M.
on Tuesday, the city's hottest day in more than a decade, he welcomed
reporters to a press conference in Astoria Park, Queens, a patch of
green overlooking the East River, not far from his rent-stabilized
apartment. As the day broke, the sky behind the candidate blazed
white. Mamdani stood behind a bare podium and scrolled with an index
finger on his phone, reading a short speech decrying the architects of
the city's affordability crisis - he called out his main opponent, the
disgraced former governor Andrew Cuomo - and promising a way to
sustain the city. As he read, his right hand trembled slightly.

Work

Brazilians love football. Their national team is past its prime - The
Economist (No paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
On June 10th, Brazil's national football team won a match.
Unremarkable, you might think, for the most successful team to play
the game. Yet the mood afterwards in Brazil was unfamiliar: sour
relief. In beating Paraguay, a football pipsqueak, the team had
managed just one goal. The victory did qualify Brazil for the 2026
World Cup, but only three months after arch-rival Argentina had
already become a mathematical certainty to do the same. Brazil's team
is set to qualify third in its group behind puny Ecuador, having
suffered a humiliating thrashing by Argentina in a qualification match
in March.

Work

NATO Is Avoiding a Difficult Conversation - Foreign Policy (No
paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Argument: NATO Is Avoiding a Difficult Conversation














Work

Cancer-Killing Immune Cells Can Now Be Engineered in the Body - With a
Vaccine-Like Shot of mRNA
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
In mice and monkeys, scientists converted immune cells into
super-soldiers to hunt down and destroy cancer.

Work

Democrats' Scattered Response to Trump's Iran Strikes Highlights Party
Divides
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
President Trump’s strikes on Iran have resurfaced old rifts among
Democrats over war and peace that have been inflamed by a newer schism
inside the party, over support for Israel.

Work

The war that will remake Iran's Islamic republic - FT (No paywall)
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Even without toppling the regime, Israel and the USs assault is set to
bring sweeping change rivalling the 1979 revolution

Work

Inside Nike's reinvention of the Air Jordan - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
You're up against products that are regarded as some of the most well
designed products in the history of industrial design," the company's
vice president and chief design officer, Jason Mayden, explained.














Work

Mexico's president threatens to sue over SpaceX debris from rocket
explosions
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
In May, Sheinbaum's government said it had sued Google for renaming
the Gulf of Mexico the "Gulf of America" for Google Maps users in the
United States following an executive order by Donald Trump.

Work

Can HSBC cut its way to growth? - FT (No paywall)
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
The bank's latest reorganisation has arguably left it with few options
to boost revenue as it faces trade tariffs and lower interest rates

Work

China Building Mega-sized Consumption Powerhouse, Premier Says -
Bloomberg (No paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Premier Li Qiang has projected confidence that China can turn
consumption into a driver for the economy, while also casting his
nation as a stabilizing force in a rapidly shifting global trade
landscape.

Work

Trump's pick to run the CDC walks a fine line on RFK Jr. at Senate
hearing
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[[link removed]}&lead=419599&emailid=204745&nl=daily]
“If I’m confirmed as CDC director, I will make sure that I’m
focused on the mission at hand at CDC, but also as supportive as I can
be to the secretary’s goals of making America healthier again,”
Monarez told the Senate Health, Education, Labor and Pensions
Committee at one point. 













Work

Nvidia ruffles tech giants with move into cloud computing - WSJ (No
paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Cloud computing generates big profits for Amazon.com, Microsoft and
Google. Now that cash cow faces a nascent threat with the rise of
artificial-intelligence cloud specialists and a new industry power
broker: Nvidia.

Work

Vera Rubin Scientists Reveal Telescope's First Images
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Scenes of nebulas in the Milky Way, a cluster of galaxies and
thousands of new asteroids are a teaser of how the U.S.-funded
observatory on a mountain in Chile will transform astronomy.

Work

NATO Agrees to a Big Increase in Military Spending, Pleasing Trump
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
President Trump has long pushed the European allies to be more
self-sufficient on defense, relying less on American protection. NATO
committed to a major increase over the next decade.

Work

Usha Vance: husband's pick as Trump running mate came 'like a bolt of
lightning'
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
At one point in the conversation, McCain revealed that she was
expecting a third child - a boy - and asked Vance to "share with me
and women in America why having three kids is good". Vance
congratulated McCain warmly, and described how her children operated
as a "pack", playing together and taking care of each other. She
assured McCain that the transition from two to three children was
"shockingly, the easiest of all".



Work

Trump's pick to run CDC ratifies importance of vaccines as RFK Jr.
moves to limit access - STAT (No paywall) [[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Susan Monarez, President Trump's nominee to lead the Centers for
Disease Control and Prevention, on Wednesday backed up the importance
of vaccination comments that would ordinarily be unremarkable for a
public health official, but come as health secretary Robert F. Kennedy
Jr. moves to limit access to vaccines in the U.S. and around the
world.

Work

American Airlines Passenger Recounts 'Tense' Landing After Engine
Sparks
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[[link removed]}&lead=419599&emailid=204745&nl=daily]
The American Airlines flight with 153 passengers, which was headed to
Charlotte, N.C., returned to Las Vegas shortly after takeoff. No one
was injured.

Work

Trump Mobile drops its 'made in the USA' claims
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
The Verge also noticed that some of the specs for the ostentatious
gold smartphone have changed. The listed screen size has shrunk from
6.78 inches to 6.25 inches, and there's no longer any information
about RAM. The phone is also offering a more general "later this year"
availability time frame rather than promising to arrive in September.
Despite walking back the loud promises made about the device, it seems
unlikely the changes will matter to anybody who wants to buy this
thing.



Work

Federal Judge Blocks Trump From Collecting Data on Small-Dollar Border
Transactions
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[[link removed]}&lead=419599&emailid=204745&nl=daily]
So far, the courts have sided with business owners who sued after
their money service businesses were caught up in President Trump’s
crackdown on cartels.

Work

Trump hails 'big win' as Nato states agree to raise defence spending
to 5% of GDP
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Trump digressed and failed to answer a question about the US
commitment to Nato's article 5, which says that an attack on one
alliance member is considered an attack on all. Flying out to the
summit on Air Force One, Trump had said "There's numerous definitions
of article 5, you know that, right?" but he never elaborated.

Work

Opinion | 'The U.S. Cannot Solve All the World's Problems'
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
We can’t fix everything. But if it’s cheap and easy to save lives,
why wouldn’t we?

Work

Novo Nordisk, seen as lagging in obesity drug race, says it's playing
the long game
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
At the American Diabetes Association meeting in Chicago this week,
Novo executives argued the company is not falling behind. Studies have
yet to show the full weight loss potential of next-generation
candidates such as CagriSema and amycretin, they said. And, they
added, Novo is focused on developing treatments that can offer
consumers a range of options besides maximizing their weight loss,
depending on how fast people want to lose weight, how willing they are
to tolerate certain side effects, and what other diseases they want to
address.



Work

Mamdani's Success Spotlights a Deepening Rupture Among U.S. Jews
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
While Zohran Mamdani won over some Jewish supporters, other Jewish
Democrats suggested that concerns about their community’s safety are
being dismissed in a movement and a city they helped build.

Work

PS Plus Monthly games for July include Diablo 4 and Jusant
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Sony still isn't sharing PS Plus subscriber numbers, though it told
Game File that the Premium tier has grown by 18 percent over the last
year. Sony Interactive Entertainment CEO Hideaki Nishino recently said
that PS Plus price increases are "partly a result of increasing value
we bring to the players" and that they hadn't slowed down
subscriptions. The company still has no plans to offer its own games
on the service on their release date, unlike Xbox does with Game Pass,
though it will continue to add some third-party games to PS Plus on
day one.

Work

Its not just the cities. Extreme heat is a growing threat to rural
America.
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Summer has officially begun with a blast of scorching temperatures
across much of the United States. The National Weather Service is
warning of extremely dangerous heat baking 160 million people under a
heat dome stretching from the Midwest to the East Coast the rest of
this week. Its already proven fatal.

Work

ADHD medicines linked to less impulsive behavior, crashes, and crime
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
A new study tracked nearly 250,000 Swedish people using ADHD
medication for 14 years
























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Work

When Do Babies Become Conscious? - Scientific American (No paywall)
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Jeffrey Lawson was born prematurely in February 1985. Shortly
afterward, the newborn had to undergo heart surgery without
anesthesia. He remained awake throughout the procedure, given only
Pavulon, a muscle relaxant, to prevent movement. He died five weeks
later.

Work

Shell in early talks to acquire rival BP - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=204745&nl=daily]
[[link removed]}&lead=419599&emailid=204745&nl=daily]
Talks between company representatives are active, the people said, and
BP is considering the approach carefully. Acquiring BP would put Shell
on firmer footing to challenge larger competitors such as Exxon Mobil
and Chevron. It would be a landmark combination of two so-called
supermajor oil companies, a group of multinational behemoths that
dominate the production of the worlds most important energy sources.

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