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President Donald Trump announced 30% tariffs on the European Union and Mexico Saturday. Barring any agreement, the tariffs are scheduled to go into effect Aug. 1.
The EU is the US’ single biggest trading partner, with total trade approaching $1T last year; trade with Mexico approached $840B. Collectively, goods from the EU and Mexico make up about one-third of all US imports (see more). The announcement comes amid ongoing negotiations. Trump warned in his statement any retaliatory rate the EU levies on the US will be automatically added to EU goods. The EU has since announced it would delay countermeasures—planned to go into effect tomorrow—until early August.
The Trump administration has threatened tariffs on dozens of countries in its bid to reduce the US trade in goods deficit ($1.2T last year) and bolster US manufacturing. A 90-day pause on those tariffs expired this week, with three countries—the United Kingdom, Vietnam, and China—agreeing to new arrangements or a truce. Trump has extended countries' deadlines to Aug. 1. See a tariff tracker here. |
The Air India flight that crashed last month saw fuel control switches for both engines shut off seconds after takeoff. The revelation comes from a preliminary report released by India’s aircraft investigation bureau Saturday; a broader investigation is ongoing.
The London-bound flight crashed into a medical college June 12, less than one minute after taking off from Ahmedabad, India. All but one of the flight’s 242 people aboard were killed, with 40-year-old British citizen Vishwash Kumar Ramesh escaping through an emergency door (read interview excerpts). The accident was among the deadliest in India’s aviation history. It was the first crash worldwide involving a Boeing 787-8 Dreamliner.
The preliminary report does not reveal what caused the shut-off, which is protected by a locking mechanism. One pilot asked the other why he shut off the fuel, an accusation the other pilot rejected. They managed to relight both engines before issuing a mayday alert.
Read the preliminary report and takeaways, here. |
Popular cryptocurrency creation platform Pump.fun raised a reported $600M in just 12 minutes over the weekend. The sale was completed via an initial coin offering, a fundraising process similar to an initial public offering, but where a company sells crypto tokens instead of shares (see 101).
Launched in January 2024, the site is the world’s most popular method to create “meme coins”—crypto tokens anyone can create within minutes and that often have little value or utility. The community has become notorious for speculation (listen to a deep dive), with creators engaging in increasingly unusual stunts to temporarily drive up a coin's price before selling their stake (known as a “rugpull”). In one high-profile incident, dozens of coins were created attempting to capitalize on the death of a user who died by suicide on a livestream after losing their investments.
In related news, bitcoin hit a record high over the weekend, passing $119K. |
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The Salty Science Behind Optimal Hydration |
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Sports, Entertainment, & Culture |
> World No. 1 Jannik Sinner beats Carlos Alcaraz to win his first Wimbledon title and fourth career Grand Slam (More) | Iga Swiatek tops American Amanda Anisimova to win her first Wimbledon and sixth major title (More) |
> Chelsea cruises to 3-0 victory over Paris Saint-Germain to win 2025 FIFA Club World Cup (More) |
> Washington Nationals take Oklahoma high schooler Eli Willits with top pick in 2025 MLB Draft; see complete Day One draft tracker (More) | Seattle Mariners' Cal Raleigh breaks American League record by hitting 38 home runs prior to the MLB All-Star Game (More) |
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> Tesla adds Grok chatbot to newer vehicles in software update; follows the release of xAI's latest version of its flagship large language model, chatbot not yet capable of issuing commands to the vehicle (More) |
> Some gut microbes are capable of processing PFAS, or "forever," chemicals from the body; study may lead to probiotics to replace bloodletting or drug therapies (More) | PFAS 101 (More) |
> Archaeologists discover royal burial tomb belonging to the first known ruler of the ancient Mayan city of Caracol; once a major metropolis in modern Belize, city was abandoned about 1,000 years ago (More) |
Microplastics: Tomorrow's 1440 Science & Technology newsletter explores the tiny particles found everywhere on Earth. Sign up here to receive! |
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> US stock markets close lower Friday (S&P 500 -0.3%, Dow -0.6%, Nasdaq -0.2%) following President Donald Trump's announcement of 35% tariffs on Canada and baseline tariffs of 15% to 20% on other countries (More) |
> Google pays $2.4B to license AI coding startup Windsurf and hire company's top talent, including its CEO and cofounder (More) | SpaceX invests $2B in Elon Musk's artificial intelligence company, xAI, as part of $5B equity round (More) |
> North Carolina, Texas, and Florida top CNBC's ranking of best states for business in 2025; Massachusetts is ranked "most improved"; Alaska ranks last (More) |
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> Lawmakers visit Alligator Alcatraz, the 3,000-bed immigration detention center newly opened in Florida's Everglades; Democrats criticize conditions as unsanitary, overcrowded (More) | See previous write-up (More) |
> Israeli strike kills 10 people, including six children, in line to fill water containers in central Gaza; Israel says missile was intended to strike an Islamic Jihad militant, blames malfunction for missed target (More) | US citizen Sayfollah Musallet among two Palestinians killed by Israeli settlers in the West Bank (More) |
> Sudanese Armed Forces retake control of strategic North Kordofan region from paramilitary Rapid Support Forces (More) | International Criminal Court suggests both sides are committing war crimes in western Darfur region (More) |
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The Truth About Sodium & Peak Performance |
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