Geopolitical tensions escalate with Iran attacks threatening Gulf shipping while major business deals reshape AI and logistics sectors amid economic headwinds.

U.S. warships shot down Iranian missiles and drones targeting American vessels in the Strait of Hormuz, with the UAE reporting drone attacks on oil facilities in Fujairah as the Trump administration seeks to restore maritime traffic through the strategic waterway.

Anthropic partners with Wall Street giants Blackstone and Goldman Sachs to create a new AI firm integrating its Claude model into financial systems, while the Pentagon expands classified AI partnerships amid ongoing disputes with technology companies.

Amazon expands its logistics arm to offer shipping, fulfillment, and delivery services to external businesses, directly challenging FedEx and UPS as it leverages its infrastructure advantage.

The SEC settles a lawsuit against Elon Musk over Twitter stock disclosures for $1.5 million, marking a pullback in regulatory enforcement as the agency moderates its litigation posture against major companies.

Doris Fisher, co-founder of the Gap, dies at 94; her company grew from a single store to a $16 billion brand that fundamentally transformed the apparel industry since its 1969 founding.

White House considers vetting AI models before public release, signaling a shift from the Trump administration's previous noninterventionist approach to artificial intelligence regulation.

India's West Bengal state elects Modi's BJP for the first time, extending the party's control while opponents allege electoral fraud, reflecting broader political realignment in South Asia.

IMF chief warns of 'much worse outcome' if Middle East conflict extends into 2027, while fuel prices are expected to drop rapidly once Iran tensions resolve, according to Treasury assessments.

OpenAI trial reveals Greg Brockman's $30 billion stake as Elon Musk's legal team questions executive compensation, intensifying disputes over the AI company's governance and founding principles.

Washington Post wins the Pulitzer Prize for public service for its coverage of federal workforce impacts from Trump administration restructuring, while New York Times secures three Pulitzer awards.