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/ International Affairs

Aluminum is an unlikely target of the Iran war

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Amid escalating tensions in the Middle East, Iran’s military said it intentionally struck two aluminum plants in allied countries over the weekend as payback for earlier attacks on its steel facilities, fueling worries that the conflict could push metal prices higher.

Why is this a big blow to aluminum?

While aluminum is the most abundant metal on Earth, producing it requires a huge amount of energy, leaving it vulnerable to disruptions in natural gas shipments through the Strait of Hormuz.

  • The Middle East usually produces 6 to 7 metric tons of aluminum each year, accounting for 9% of the world’s aluminum supply.

  • With the Iran war raging on, some plants in the Middle East are scaling production back because they can’t get the gas they need to extract and process the metal.

It’s a global issue: India’s Hindalco Industries, a supplier of aluminum to carmakers, has warned its customers it may invoke force majeure on orders, with sources saying the decision stems from gas supply disruptions from the Iran war. Analysts say the same issues could affect the global aluminum supply chain as the conflict continues.

See other shocking impacts the Iran war has had here.

The gas shortage could get even worse

On Wednesday, President Trump renewed his threat to begin β€œcompletely obliterating” Iranian power plants and oil production facilities if the country’s new leaders did not agree to reopen the Strait of Hormuz β€œimmediately.”

The Pentagon said it was preparing for weeks of ground invasions in Iran over the weekend, which culminated in more US troops arriving in the Middle East:

  • 3,500 additional US troops arrived this week, bringing the US’ total count to over 50,000.

  • Iran’s parliament speaker said the country would "rain fire" on any US troops attempting to enter Iranian territory.

What would a US offensive look like? Plans to deploy troops inside Iran would reportedly stop short of a full-scale invasion, instead involving a mix of special operations raids and conventional infantry forces.

While it might not be a full-scale invasion… Late last week, Axios reported that several options were presented to Trump, including seizing one or more islands central to Iran’s control of the Strait of Hormuz, which handles about 20% of global oil shipments. Potential targets include Kharg Island, Larak, and Abu Musa, among others (see a map here).

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Why does this matter?

Prices of aluminum are up around 4% since the war began, according to the London Metal Exchange benchmark, which drives up prices on cars, packaging, and construction materials. An expanded US offensive would likely drive up energy costs as supply dwindles, further increasing costs for Americans and others worldwide.

We’re tracking this issue live on NextGen+. Click the button below to see its status, momentum, and other key developments.

/ US News

Americans are fleeing big cities at record rates

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Population growth in the US slowed to one of its lowest rates in history, with the country adding just 1.8 million people between July 2024 and July 2025, according to new Census Bureau data.

Gone like the wind

Over 80% of counties that grew from 2023 to 2024 are now seeing slower growth or shrinking, while already declining areas got even worse. Altogether, 1,270 counties saw population declines leading up to July 2025, including big cities like LA, San Diego, Dallas, Miami, and New York:

  • Miami-Dade saw a big turnaround, going from the second fastest-growing county in 2024 to losing around 10,000 people last year.

  • California’s population also dipped roughly 0.02%, though some counties, including Sacramento and Fresno, posted modest growth.

Why the exodus? The primary factor behind the slowdown is a sharp drop in international migration, which has become a key driver of population growth in the US, especially as birth rates decline and the population ages.

Where is everyone going? More than 80% of counties in Tennessee, South Carolina, and Kentucky saw gains in net domestic migration, meaning more people moved in from other parts of the US. Meanwhile, Georgia had three of the top 10 counties with the highest net inflows of people.

Texas, however, is a bit of an anomaly: While people are moving out of Dallas and other major Texas cities that surged during the pandemic, the state’s suburbs are seeing rapid growth, with four of the 10 fastest-growing counties between 2024 and 2025 all in Texas.

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Why is this important?

The slower population growth in major cities will likely result in slower job growth, weaker local economies, and fewer opportunities for many. At the same time, shifting population trends toward smaller cities and suburbs could reshape housing demand and costs, potentially making some areas more affordable while driving up prices in fast-growing regions.

/ Technology

The US just banned all new foreign routers

TP-Link

The Federal Communications Commission said it will stop approving new foreign-made internet routers this week, citing concerns over their use in cyberattacks linked to China-affiliated hackers.

America loves foreign routers

More than 60% of Wi-Fi routers used in the US are made in China, with major brands like TP-Link, Asus, and Netgear, all being manufactured internationally.

However, there’s no need to ditch Wi-Fi just yet:

  • Only future router models are affected by the ban.

  • Previously approved foreign-made models will still be available for purchase.

Plus, not even all new models are banned: Foreign router models might still be approved if they work with the Defense Department to prove their devices don’t pose security risks and can provide a plan to manufacture in the US.

So why β€œban” them at all?

Officials say the move is driven by growing concerns that foreign-made routers have been used as a β€œbackdoor” for cyberattacks. According to the FCC, some devices have allowed hackers to:

  • Infiltrate sensitive systems, disrupt critical infrastructure, steal intellectual property, and conduct espionage.

Routers aren’t the only tech that have gotten the boot, either. The US government has increasingly tried to limit reliance on foreign technology, particularly from geopolitical rivals, amid rising cyber threats. Beyond routers, the US has restricted or banned foreign-made drones, telecom equipment, video surveillance tech, cybersecurity software, and even apps (like TikTok), due to national security and data privacy concerns.

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Why should you care?

While the immediate impact of the ban will likely be limited, over time, the rule could lead to higher prices and fewer options. Even most routers sold by US brands are manufactured overseas, so companies may need to shift production, redesign supply chains, or seek government approval for new products, leading to shortages and price hikes.

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/ Medicine

Eli Lily is bringing AI-developed drugs to the global market

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On Sunday, pharmaceutical giant Eli Lilly inked a $2.75 billion deal with Hong Kong-based Insilico Medicine, a startup that uses AI to speed up drug development.

Going mainstream

The agreement tightens ties between the two companies, which began with earlier AI-focused collaborations in recent years. Under the terms:

  • Insilico will receive $115 million upfront, with additional payments tied to development, regulatory approvals, and commercial milestones.

  • Eli Lilly will get exclusive global rights to develop, manufacture, and sell certain drug candidates discovered using Insilico’s AI platform.

Why turn to AI? Eli Lilly and Company, the drugmaking giant behind popular GLP-1 treatments like Mounjaro and Zepbound, became the first pharmaceutical company to reach a $1 trillion valuation last year. However, to sustain that momentum, it will need to move beyond its reliance on GLP-1 treatments.

Eli Lilly isn’t alone in its AI ambitions: In the past year, pharmaceutical companies like AstraZeneca, Pfizer, and Novartis have all backed AI-driven firms to streamline drug development.

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Why should you care?

Pharmeceutical giants’ increasing focus on AI drug discovery platforms could dramatically speed up how new medicines are developed, meaning the public may get access to new treatments faster and likely at lower long-term costs.

/ Business

Big Tech is seeing drastic declines

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After riding the AI wave, America’s largest tech companies have seen massive gains in the past few years, but as costs continue to climb with seemingly no returns to show, investors are less than optimistic.

Judgement day

As investors reassess how quickly the AI boom will translate into real profits, Big Tech is increasingly becoming the annoying little brother of Wall Street:

  • The S&P 500 is down nearly 8% since October, when much of Big Tech posted record highs.

  • Two of the biggest spenders in AI computing, Microsoft and Meta, are down 35% and 34%, respectively, from October.

  • Even Nvidia, the AI chipmaker that’s attracted a huge amount of investor enthusiasm, is down nearly 20% from its October peak.

What’s with the selloff? As major tech companies burn piles of cash on AI infrastructure, including data centers and computing power, the high upfront costs are starting to weigh on profit expectations, creating uncertainty about whether the spending will pay off in the near term.

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Why is this important?

The tech stock selloff raises concerns that companies may start cutting costs, which often means layoffs, potentially reducing job opportunities in one of the US’ largest and highest-paying industries.

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/ Fast Facts

Catch up on this week’s weird news

Gif by SWAG on Giphy

> Travelers at Philadelphia International Airport expected long security lines but instead witnessed a Guinness World Record line of 1,291 cheesesteaks stretching through the terminal.

> Fast, long-distance space travel is moving closer to reality after scientists achieved the first-ever plasma ignition in a nuclear fusion rocket engine, which can produce up to 1,000 times more thrust than conventional engines.

> A study found that AI chatbots are about 50% more sycophantic than humans (meaning they offer more praise and agreement) when advising on interpersonal issues, and that users tend to prefer those responses.

> A kangaroo in Wisconsin sparked a three-day community search after leaping an eight-foot fence and escaping a petting zoo, before finally being safely recovered.

> Colleges are bringing back oral exams as AI makes written assignments unreliable, with professors saying students can submit perfect work but often can’t explain it in person.

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