Disney-owned ABC and eight of its stations filed a First Amendment lawsuit against the FCC, alleging the agency retaliated against the network over its news coverage — including remarks by Jimmy Kimmel — by ordering an accelerated review of its broadcast licenses. The FCC called the claims part of an 'ongoing campaign of disinformation,' while ABC called the agency's actions an 'existential threat' to its work.
Trump paused a threatened 50% tariff hike on billions of dollars of Canadian imports less than two hours before it was set to take effect, teasing a broader trade deal that would revive the Keystone XL pipeline and see Canada ease restrictions on US autos, dairy, and alcohol. PM Mark Carney struck a more cautious tone, saying 'substantial progress' had been made but 'important work' remains.
Trump said on Truth Social that there are no talks scheduled with Iran, and insisted the Strait of Hormuz is 'open and operating' even though the US naval blockade remains in effect and traffic through the strait has plummeted. In a separate post he shared a graphic of the strait labeled 'New US Territory' without elaborating.
Parti Québécois leader Paul St-Pierre Plamondon, who is currently leading in the polls, said his party would hold a referendum on Quebec's independence if elected this fall — but not while Trump remains in the White House. He said Quebec's future cannot be 'hijacked by the upheavals of American politics.'
US stocks fell as soaring bond yields weighed on markets — the Nasdaq dropped 1.33%, the S&P 500 fell 0.69%, and the Dow slid 0.22%. The 30-year Treasury yield briefly hit 5.34%, its highest since 2007, driven by an expired Iran ceasefire, a $432.3 billion monthly federal deficit, and a flood of AI-driven corporate bond issuance competing for investor dollars; the trend is global, with yields also hitting multi-year highs in France, Germany, the UK, and Japan.
Guinness maker Diageo laid off roughly 2,000 staff as part of a restructuring.
US cannabis company Curaleaf launched a US$260 million takeover bid for Canadian rival Aurora Cannabis.
Los Angeles Lakers governor Jeanie Buss is attempting to block her siblings' plan to sell the family's 17.8% stake in the team, a legal battle that could jeopardize Mark Walter's US$12.5 billion purchase of the franchise.
American Airlines will begin installing seatback screens across its entire fleet starting in 2028, reversing a decade-old decision to remove them. The airline is also adding Bluetooth connectivity, USB-C charging, more first-class seats, and Starlink wifi on 500 planes, with most upgrades complete by the early 2030s.
NBCUniversal's Peacock streaming service is raising prices following its first-ever profitable quarter.
OpenAI rolled out ChatGPT for Teens, a version of its chatbot for users aged 13 to 17 with content restrictions on topics like suicide and sex, study support that guides rather than gives easy answers, and a block on the AI claiming personal feelings toward users. The move comes as OpenAI fends off several lawsuits alleging ChatGPT has put children in danger.
Meta began its defense in a trial brought by 29 US states accusing it of deliberately harming young users through the design of Instagram and Facebook and violating youth privacy laws. Meta could face up to US$1.4 trillion in penalties, though one state attorney estimated the real figure would land closer to $193 billion — still a near-record litigation payout.
TikTok is exploring a feature that would let users send money to each other in direct messages, similar to Venmo or e-Transfer. Consumers have spent US$2.9 billion on TikTok so far this year, making it the top app in the world for in-app purchases for four straight years.
Bill Rasmussen, the founder of ESPN, died at 93 from Parkinson's disease.
Penn State students were accused of operating a cocaine ring out of two off-campus fraternity houses, the Associated Press reported.
Madonna beat Taylor Swift to earn the most MTV Video Music Award nominations this year, with 11.