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06.16.2025

 

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Good morning. It's Monday, June 16, and we're covering an attack on Democratic lawmakers in Minnesota, a new approach to ICE arrests, and much more. First time reading? Join over 4.5 million intellectually curious readers. Sign up here.

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 Need To Know 

 

Democratic Lawmakers Targeted

Authorities arrested a 57-year-old gunman last night accused of targeting Democratic lawmakers in Minnesota, ending a two-day manhunt. The suspect impersonated a police officer to fatally shoot state Rep. Melissa Hortman and her husband in Brooklyn Park early Saturday. He was also suspected of wounding state Sen. John Hoffman and his wife earlier in nearby Champlin.

 

Police have not publicly identified a motive. Authorities found a notebook with a list of roughly 70 potential targets on it, including Democratic lawmakers. Gov. Tim Walz (D) called the attacks politically motivated, while officials noted the lawmakers were outspoken in favor of abortion access. Assault rifles and flyers for anti-Trump protests were found in the suspect’s car, prompting organizers to cancel demonstrations planned later that day. Some protests continued regardless.

 

The gunman had fled on foot Saturday after exchanging gunfire with officers at the Hortman home. He was captured last night in Sibley County, roughly an hour away from the scene of the attacks. 

 

ICE Guidance Shift

President Donald Trump directed Immigration and Customs Enforcement to prioritize deportations in Democratic-run cities last night. He singled out sanctuary cities (see explanation), particularly Los Angeles, Chicago, and New York. 

 

The decision came after ICE agents were told last week to pause raids at farms, restaurants, hotels, and meatpacking plants. They were also told to end arrests of noncriminals. Agriculture Secretary Brooke Rollins had reached out to Trump to advocate for the end to farm raids, citing threats to the US food supply. An estimated 42% of hired crop workers (more than 480,000 people) lack legal working authorization. That figure exceeds 1.1 million people in the hospitality industry. 

 

Officials have deported more than 207,000 people since January, up from roughly 271,000 in all of fiscal year 2024. Border encounters are meanwhile down 175% from April 2024, from over 179,737 to 12,035. See data here.

 

G7 Turns 50

President Donald Trump and several other world leaders arrived in Alberta, Canada, yesterday for the annual Group of Seven summit. The forum—which includes the US, the UK, Canada, France, Germany, Italy, Japan, and the EU—comes amid rapidly escalating tensions in the Middle East.

 

Originating in 1975, the informal bloc provided a venue for major non-Communist nations to coordinate economic strategy. The group’s share of global GDP has since dropped from 63% to around 43% and now omits GDP juggernauts China, India, and Russia (booted following its 2014 invasion of Ukraine). The agenda includes wars in Gaza and Ukraine, US tariff policies, and more. 

 

In the Middle East, strikes between Israel and Iran continued for a third straight day, following a Friday barrage by Israel targeting Iran’s nuclear program (see write-up). Aid groups estimate more than 400 people have been killed in Iran, while at least 13 people have been killed in Israel. See updates here.

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 In The Know 

 

Sports, Entertainment, & Culture

> Oklahoma City Thunder top Indiana Pacers in NBA Finals Game 4 to even series at 2-2; Game 5 set for tonight (8:30 pm ET, ABC) (More) | Florida Panthers take 3-2 lead over Edmonton Oilers in Stanley Cup Final (More)

> The 2025 Bonnaroo Music & Arts Festival canceled after thunderstorms hit the host city of Manchester, Tennessee (More

> JJ Spaun wins the 125th US Open golf tournament for his first-ever major title (More) | Boston Red Sox trade All-Star third baseman Rafael Devers to San Francisco Giants for pitchers Jordan Hicks and Kyle Harrison (More)

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Science & Technology

> Russian cosmonauts attempt to seal leak aboard the International Space Station found in a two-decade-old service module; issue has delayed Axiom 4 mission—to bring astronauts from India, Poland, and Hungary to space for the first time in decades—until June 19 (More

> Bioengineers develop first-of-its-kind device to profile the immune response of newborns; system can diagnose inflammatory conditions from a single drop of blood (More

> New "sweating" paint captures moisture and slowly evaporates to passively cool houses, reflects around 90% of sunlight, and emits 95% of absorbed heat; home tested used 30%-40% less energy on air conditioning (More

Stephen Hawking: Learn about the brilliant cosmologist who captured the public's imagination in tomorrow's 1440 Science & Technology newsletter. Sign up here for free!

 

Business & Markets

> US stock markets close lower Friday (S&P 500 -1.1%, Dow -1.8%, Nasdaq -1.3%), driven down by oil market shake-up amid Israel-Iran war (More)

> President Donald Trump approves Nippon Steel's $15.9B purchase of US Steel, with companies signing national security agreements; Japanese Nippon pledges to invest $11B in US projects by 2028 (More)

> 23andMe cofounder and former CEO Anne Wojcicki outbids Regeneron to buy the genetic testing company for $305M through her nonprofit, TTAM Research Institute (More)

 

Politics & World Affairs

> Hundreds of thousands of people protest Trump administration policies in over 2,000 cities; SUV driver rams into crowd in Washington, DC, injuring one person; gunman kills one person in Salt Lake City, Utah (More) | Tens of thousands of people attend military parade celebrating Army’s 250th anniversary (More) | See photos (More)

> Death toll from Air India crash Thursday rises to 270 people, including all but one of the flight's 242 passengers (More) | Watch interview with the sole survivor (More)

> Flash floods in San Antonio, Texas, kill at least 13 people last week after city receives 10 inches of rain, over three times one month's worth in less than 24 hours (More)

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 Etcetera 

 

Why bosses should give feedback in the morning.

 

A shipwreck discovered off the French coast.

 

AI ad for NBA Finals costs $2K, takes two days to make.

 

Car chase with tractor moves at snail's pace.

 

Fake flight attendant convicted of booking 120 free flights.

 

World's largest game of red light, green light.

 

Hundreds of strangers talk for 30 minutes.

 

See music video for 50th anniversary of "Psycho Killer."

 

Clickbait: Why people looked older in the past

 

Historybook: Economist Adam Smith born (1723); President Abraham Lincoln gives "House Divided" speech (1858); Ford Motor Company is incorporated (1903); Valentina Tereshkova becomes the first woman in space (1963); Rapper Tupac Shakur born (1971).

"Hatred and anger are the greatest poison to the happiness of a good mind."

- Adam Smith

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*Disclosure: "Journal of Retirement Study Winter" (2020). The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please follow the link to see the methodologies employed in the Journal of Retirement study.

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