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While it remains unclear whether Iran is onboard, a US source says the two countries have reached a tentative deal to extend a ceasefire as peace negotiations continue. The prospect comes as both sides renewed fighting in recent days, exchanging fire around the Strait of Hormuz as Israel intensified its invasion of Lebanon and bombing raids there.
President Donald Trump (who yesterday threatened to attack US ally Oman) also has yet to sign off on the proposal, which was first reported by Axios. The interim accord would allow a 60-day extension of the ceasefire and restart negotiations on Iran’s nuclear program, the outlet reported earlier.
Over the past month, repeated claims of progress by the White House and more recently Iran were subsequently denied by the other side. But there are significant incentives to avoid further conflict, particularly for the Pentagon: A new study warned US defense contractors will need three years to replace critical weapons expended in the war.
What You Need to Know Today
US inflation continued to accelerate last month as economic growth slowed more than expected, according to data released by the Trump administration. Lower spending numbers may suggest consumers are becoming more cautious amid affordability worries and a flattening labor market.
The surge in prices for fuel and other materials sparked by the US-Israel war with Iran has driven consumer sentiment to record lows. While oil prices have come down this week, Brent futures remain more than 30% higher than before the war began.
Another government report Thursday showed unemployment rising, though the data indicated overall employment appeared resilient in the face of recent mass terminations by technology and finance companies.
Anthropic plans to widely release new artificial intelligence models in the coming weeks with cybersecurity capabilities comparable to its controversial Mythos, a technology the company previously said was too dangerous to make available to the general public.
Anthropic, which has portrayed itself as a responsible societal actor amid fears its products will be weaponized, is locked in a heated competition with OpenAI to deploy better AI models and persuade more business customers to pay for them. In recent months, Anthropic, which also is preparing for an IPO, has seen strong momentum for its AI coding offerings as well as growing traction with consumers amid a standoff with the Pentagon over AI safeguards.
Starbucks is tying most tech workers’ bonuses to how much they’re using AI. A quarter of bonuses paid to tech employees will be pegged to department-wide goals that include AI adoption, according to an internal document viewed by Bloomberg News
The directive illustrates corporations’ growing urgency to adopt AI as they hunt for ways to move faster and justify spending on the technology. As companies from crypto exchanges to banks embed AI into their workflow, some are starting to measure how much workers are actually using it.
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