/ International Affairs

Israel and Iran agree to ceasefire after escalating attacks

Bakr Alkasem / AFP via Getty Images

After a sharp exchange of long-range missiles and airstrikes, Israel and Iran both signaled that the latest round of attacks had ended following a discussion with President Donald Trump.

What happened?

Trump publicly (and privately) called for both countries to stop attacking, as the escalation had threatened to push the region back toward a broader war, potentially putting the US-Iran ceasefire in jeopardy along with it.

  • On Sunday, Trump said that Israel gave the United States β€œvery late notice” about strikes on Iran.

  • Later, Trump reportedly told Israeli Prime Minister Benjamin Netanyahu, β€œyou better be careful, or you will be on your own very soon,” after which Israel announced it would stop its strikes.

Several nations reportedly asked President Trump to intervene in the conflict, especially as the US has been trying to continue negotiations over Iran’s nuclear program, sanctions relief, and regional security (see previous briefing).

Things are still tense: Iran initially struck Israel after Israeli warplanes struck Lebanon’s capital, targeting what Netanyahu’s office called Hezbollah command centers, in retaliation for a rocket fired toward northern Israel (see more).

Strikes could resume soon: Although both sides indicated the attacks were over, the situation is still highly unstable. Iran warned it could respond again if Israel resumes strikes, while Israeli officials continue facing pressure from the public to act against Iranian-linked terrorist groups.

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Why should you care?

By halting military attacks, Israel and Iran have prevented a total collapse of the fragile US-Iran ceasefire, temporarily stopping a massive panic in the energy markets that threatened to send American gas prices sky-high.

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

/ Economy

The job market is doing much better than expected

Designed by NextGen News

The US Department of Labor announced the economy added 172,000 jobs last month, far surpassing economists’ expectations of just 80,000.

It’s another sign that the job market has been regaining its footing, even with worries about inflation, rising energy costs, and AI replacement.

The good news

While the numbers make the labor market look pretty good, it looked even better after revisions to previous months:

  • March saw 29,000 jobs added and April saw 64,000, bringing the totals to 214,000 and 179,000, respectively.

  • The adjustments brought the average monthly job gain over the past three months to 188,000, the highest level in two years.

Where did May’s new jobs come from? Most of the gains were thanks to a rather unexpected source, the FIFA World Cup. With the tournament set to begin across 11 US cities, the leisure and hospitality sector added 70,000 jobs as hotels, restaurants, and bars staffed up. Local government payrolls also increased by 55,000, probably due to additional hiring for security, transportation, and event-related services.

The bad news

While all the new hiring is fantastic news, no jobs report is complete without a few economic warning signs:

  • While average hourly earnings increased 3.4% from last year, wage growth continued to trail inflation, which rose 3.8% over the same period.

  • The unemployment rate stayed at 4.3%, but the share of unemployed Americans who had been out of work for 27 weeks or longer rose to 27.5% last month, the highest level since December 2021.

That doesn’t make a strong case for a rate cut: With inflation remaining elevated and the labor market continuing to outperform expectations, investors are increasingly betting that the Fed’s next move could be to raise rates rather than lower them.

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Why does this matter?

While a strong job market has direct benefits, like more income growth and increased consumer spending, inflation outpacing wage growth means Americans have less purchasing power. Additionally, if oil prices remain high, it could cause a financial squeeze for Americans, rich an poor alike.

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

/ Technology

Robots now make up the majority of internet traffic

Designed by NextGen News

Automated bots now generate more internet traffic than humans, according to global cloud network Cloudflare, a milestone that wasn’t expected to be hit until the end of next year.

How is that possible?

The change is largely a byproduct of the AI boom, as an explosion of AI systems has increasingly flooded the web in recent years. According to data from Cloudflare:

  • 57.4% of requests are now initiated by bots, compared with 42.6% coming from humans.

  • It’s mainly thanks to the rise of agentic AI, systems capable of independently searching the web and performing tasks on behalf of users.

They generate a lot of traffic: Unlike traditional bots, these newer AI agents can generate enormous amounts of traffic since they continuously browse websites, retrieve data, and perform actions. While a human might sort through five websites before buying something, an AI agent typically browses 5,000 or more (how do AI agents work?).

It wasn’t supposed to happen this fast: Cloudflare executives reportedly expected the agentic AI trend to become dominant in the early to mid 2030s, but not nearly this quickly.

That’s not necessarily a bad thing

Aside from automated spam texts from bots pretending to be a long-lost relative, not all bot traffic is harmful:

  • Some are surfing the web to index websites for search engines, monitor website performance, or to assist shoppers by comparing retail prices.

  • Others are there for customer support services, to help with cybersecurity, or to train AI models.

However, a growing share is becoming malicious: The rise of generative AI has made it easier for bad actors to make complex automated tools that use bots for account takeovers, data scraping, fraud, denial-of-service attacks, and attempts to bypass website protections.

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Why is this important?

Since many AI systems gather information without generating visits, advertising revenue, or subscriptions for content creators, they threaten to push human users behind restrictive logins and paid walls as website operators try to block the digital onslaught. Some industry leaders warn the economic foundation that supports much of the internet could weaken as a result.

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/ US News

This parasite could threaten all livestock in the US

Centers for Disease Control and Prevention

The USDA confirmed New World Screwworm, a type of flesh-eating fly, had infected US livestock last week. It marked the first case since it was eradicated in the country over 60 years ago.

Yesterday, three additional cases were confirmed, and it could upend the domestic food supply if not kept contained.

What even is it?

The Screwworm is a type of parasitic fly that lays eggs in the open wounds of a warm-blooded animal (including pets, wildlife, and even humans), feeding on living tissue and causing severe injury or death.

While safeguards were put in place to deter the parasite in the 1950s, cattle industry groups said they risked returning last year.

Now, they’re back

USDA officials knew the return of the Screwworm was inevitable, so they invested in a $750 million facility in South Texas to help combat an outbreak:

  • The plan is to flood the area with sterile males, a strategy that successfully eliminated the pest in the 1960s.

  • Since females usually mate only once, pairing with a sterile male means thousands of potential offspring are never born.

  • For reference, female Screwworms are capable of laying up to 3,000 eggs in an animal during their 10 to 30-day lifespan.

To supplement the sterilization plan, officials have also created a 12-mile quarantine zone to limit livestock movement and prevent a potential epidemic.

It’s do or die: Even a small Screwworm infestation would devastate the already thin US cattle industry, whose herd currently stands at about 86 million, its lowest level in 75 years (see why).

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Why should you care?

While officials say the parasite does not threaten the food supply, they warn an outbreak could cost the livestock industry billions, risk severe agricultural supply chain disruptions, and raise meat prices for consumers. Outside of an outbreak, strict quarantines of livestock also has the potential to increase prices.

/ Weather

A β€œSuper El NiΓ±o” may threaten the global economy

Designed by NextGen News

El NiΓ±o, a naturally occurring climate pattern, has an 80% probability of developing by the end of August, according to the World Meteorological Organization.

Its arrival could have significant economic consequences, affecting industries ranging from agriculture and energy to global trade.

What is El NiΓ±o?

Every few years, a change in Pacific wind patterns causes warm ocean water to drift eastward toward the Americas rather than westward toward Asia, setting the stage for an El NiΓ±o event.

It stirs up some chaos around the world, though it varies by region:

  • El NiΓ±o typically raises temperatures and reduces rainfall in Australia and Southeast Asia, increasing the risk of droughts and wildfires.

  • At the same time, it can bring heavier rainfall to parts of the southern US and Central America, raising flood risks.

  • The pattern can also disrupt normal weather systems, making hurricanes and monsoons more intense or less predictable.

Now imagine that, but worse: The National Weather Service said the chance of a β€œSuper El NiΓ±o,” which happens when the water in a specific area of the Pacific rises above two degrees Celsius, has also spiked to nearly 40%.

It would have some rather undesirable effects: Besides more intense effects of a regular El NiΓ±o, it could supercharge ocean temperatures and set the stage for a record-breaking year of global heat in 2027. The last time there was a Super El NiΓ±o, there was a $5.7 trillion drop in global GDP, according to a Dartmouth study.

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Why is this important?

Outside of record heat, the rapid onset of a Super El NiΓ±o could trigger severe crop failures and supply bottlenecks across the Southern Hemisphere, locking many consumers into a prolonged wave of food and commodity inflation.

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/ Fast Facts

Catch up on this week’s weird news

Giphy

> Australian authorities have arrested a suspected β€œcockroach kingpin” after seizing more than 140,000 of the illegally trafficked insects, marking the largest smuggling bust of its kind.

> Scientists edited the DNA of early human embryos without unintended damage for the first time, suggesting it may eventually be possible to correct disease-causing mutations before birth.

> Getting drunk before or during a flight could soon carry longer-lasting consequences, as the UK may implement a national database of intoxicated passengers that could make it harder for offenders to fly again.

> Astronomers have finally found the first evidence of "cosmic wind" coming from black holes, a discovery that could help explain why some galaxies stop forming stars while others continue to grow.

> Engineers at UC San Diego have developed a new method that allows plants to be grown and repeatedly harvested to produce fresh medicines during long-distance space missions.

> A Sherpa guide missing on Mount Everest for nearly six days was found alive after surviving in extreme conditions. See how far he traveled here.

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