
Iran closed one of the worldβs most important oil ports

Press Office of Islamic Revolutionary Guard Corps / Handout / Anadolu via Getty Images
The closure underscores how fragile the situation in the region is. Earlier this week, Iran temporarily closed parts of the Strait of Hormuz, through which 20% of the worldβs oil passes, while conducting military drills.
It comes after nuclear talks
The announcement came as the US and Iran wrapped up a second round of nuclear talks in Geneva, which concluded without a date set for further negotiations. According to officials:
Tehran has signaled it could halt uranium enrichment for as long as three years and move some of its reserves overseas.
In return, Iran is seeking sanctions relief and access to about $6 billion in previously blocked oil revenue.
Officials described the discussions as constructive, with agreement on general βguiding principles,β but not a final deal. The talks lasted about three and a half hours and unfolded as the US builds up its military forces in the Middle East.
π Why should you care? While successful talks would stabilize oil supply, failed talks could raise global oil prices, which would likely show up as higher gas and transportation costs for Americans.

Companies are replacing CEOs at a record rate

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A chill just ushered through the C-Suite. A surge in CEO departures has resulted in the largest wave of new business leaders in years, with many of the newcomers younger and less experienced than their predecessors.
Goodbye, boss
About one in nine CEOs at the 1,500 biggest public companies was replaced last year, the highest turnover since 2010, according to a Wall Street Journal analysis. Itβs not slowing down this year, either:
So far in 2026, companies worth a combined $2.2 trillion have named new leaders, including Walmart, Disney, Lululemon, and PayPal.
Whatβs with the CEO swaps? Companies have pointed to a mix of factors behind their executive shakeups, including AI, tariffs, economic and geopolitical uncertainty, and intense pressure to deliver results.
Bring in the young blood
As the current, older batch of CEOs is voted out, a more youthful one is being voted in. The latest wave of leadership is much younger and far more likely to include first-time chief executives than previous groups:
The average age of a CEO has declined to the mid-50s (still young).
Meanwhile, more than 80% of last yearβs batch were first-time CEOs.
Why bring in the baby faces? Analysts say younger leaders tend to have key attributes companies want, like prioritizing adaptability and innovation over long tenure, and are better suited to guide companies through rapid shifts driven by AI, geopolitical risks, and evolving business models.
π What does this mean for you? A younger wave of first-time CEOs could shift corporate policies toward more flexible work, faster adoption of AI, and different expectations around pay and career progression for employees. Those changes may reshape hiring, workplace culture, and job stability for Americans as companies experiment with new ways of operating.

Zuckerberg testifies in social media addiction trial

Kyle Grillot / Bloomberg via Getty Images
Think itβll make it to his Insta story? On Wednesday, Meta CEO Mark Zuckerberg testified before a jury in a high-profile case that accuses social media companies, including Facebook and Instagram, of addicting young users to their products.
This trial is a big deal
At the center of the case is a 20-year-old known as KGM, who says she started using social media at 10 and claims βaddictive designβ features by Meta and YouTube contributed to a decline in her mental health.
The trial, which is one of the first of its kind, will feature testimony from internal Meta employees and outside experts.
They will mainly be questioned on how the company developed algorithms and safety policies, and if it prioritized growth over user protection.
It is worth noting that TikTok and Snap were also named in the lawsuit, but reached settlements before the trial began.
It will have a ripple effect: Legal analysts say a ruling could shape more than 1,000 similar lawsuits filed against Meta and YouTube, and some are comparing it to the wave of cases brought against Big Tobacco in the β90s.
What did Zuck say?
Well, Zuckerberg had several pre-loaded computations statements to offer that attempted to address the allegations that his platforms harm children. In his testimony:
He said Meta no longer sets team goals tied to time spent on its platforms.
Zuckerberg also argued that children under 13 who use the platform (by lying about their age) are swiftly removed.
Lawyers had a few countersβ¦ plaintiffsβ opposite of Meta presented evidence showing that Instagram head Adam Mosseri had considered boosting time spent as a target for 2026, and provided a 2015 internal Meta email estimating that 4 million children under 13 were using Instagram.
π Why is this important? Legal experts say this case could permanently change how you consume content online, leading to stricter regulations and lawsuits across the industry, affecting what content you see, how much time apps try to capture, and how companies protect usersβ mental health.
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The US government is beefing with Anthropic

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I guess it takes the Pentagon to put safety standards on AI now.Β The US Department of Defense is in an escalating dispute with AI developer Anthropic over how its advanced AI model Claude should be used in military operations.
Whatβs going on?
In July, the Pentagon signed a $200 million contract with Anthropic to integrate its AI systems into national security systems. Now, the contract is at risk after disagreements on how the tech should be used have surfaced:
Anthropic told defense officials it does not want its AI used for mass surveillance of Americans or in fully autonomous weapons systems without human oversight.
Defense officials, however, argue that once AI tools are sold to the government, companies should not dictate how they are used, as long as they comply with existing laws and regulations.
Execs at Anthropic went on to say that AI should be used in defense βin all ways except those which would make us more like our autocratic adversaries,β while the DOD said the restrictions could hinder crucial military capabilities and cause problematic delays in implementing the technology.
Birdβs eye view: Anthropicβs Claude model is currently the only AI system authorized for use inside classified military networks, and it has been used in real operations, including the capture of NicolΓ‘s Maduro in Venezuela last month.
π Why should you care? The feud over safety limits could shape how aggressively the US government can use AI for surveillance and public systems, affecting Americansβ privacy, taxes, and daily interactions with tech. It could also vastly accelerate (or slow) an AI arms race as the US pushes to keep up with geopolitical rivals, like Russia, China, and Iran.

The Epstein files are ripping through the business world

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Theyβre all arrested, right? Right? The DOJ recently released its latest batch of millions of pages of documents, emails, and other materials relating to the financier and convicted sex offender Jeffrey Epstein.
Now, the spreading of the files has triggered a surge of high-profile resignations for many in the business world who had past dealings with the notorious predator.
Whoβs guilty?
Certain VIPs seemed to stay close to the disgraced financier long after his crimes were public knowledge, and luckily, some implicated in the files are now resigning.
Among the more prominent people (at least that we know of) are:
Goldman Sachsβ Chief Legal Officer Kathryn Ruemmler, who was a former White House counsel to President Obama, resigned after it came out that she frequently received luxury gifts from Epstein and addressed the predator as βUncle Jeffery.β
Casey Wasserman, who chairs the 2028 LA Olympics, is selling his talent agency after clients like Chappell Roan left following reports of flirty emails with Ghislaine Maxwell. He says the exchanges predated public revelations of her crimes.
Hyatt executive chairman Tom Pritzker announced heβs retiring from the board over his Epstein connections, admitting he showed βterrible judgmentβ by arranging meetings with Epstein after his 2008 conviction.
The repercussions arenβt just hitting the USβ¦ theyβre going global. Sultan Ahmed bin Sulayem left his post leading Dubaiβs largest port operator over Epstein links, while Keir Starmerβs chief of staff quit in the UK after helping appoint Peter Mandelson as US ambassador.
π Why should you care? As the public cries for greater accountability of those mentioned (and still redacted) in the files, it could lead to new regulations, funding changes, or trust issues that directly affect how Americans bank, go to school, and interact with government.
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Catch up on this weekβs weird news

Giphy
> Seal pup communication is more similar to human interaction than once thought, as the animals take turns speaking and begin to mirror each otherβs sounds after spending time together.
> A new bio-inspired βliquid batteryβ stores solar energy inside a molecule and can later release enough heat on demand to boil water, potentially providing a new long-term renewable energy storage.
> Humanoid robots stunned audiences during Chinaβs Lunar New Year celebrations by performing fluid kung-fu routines and acrobatic stunts, underscoring Chinaβs push to lead in next-generation robotics.
> Astronomers say a rare βexosyzygy,β when two exoplanets eclipse each other, is likely to happen within the next few weeks, which could reveal new clues about the size, orbits, and atmospheres of distant planets.
> Bayer is planning a roughly $10.5 billion push to settle current and future lawsuits claiming its weedkiller Roundup causes cancer, as it tries to finally contain years of legal risk.
> The US government has released details about an alleged Chinese nuclear test in June 2020 that it says triggered a magnitude 2.75 earthquake detected in Kazakhstan.





