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SpaceX Stock Crashes Below IPO Price as Rinehart’s A$700m Gain Evaporates
SpaceX shares dropped below their US$135 IPO price, erasing US$903 billion in value. Australian billionaire Gina Rinehart’s estimated A$700m profit from the June listing has been wiped out.
Trump Claims China Stole 220M Voter Files in Primetime Election Security Speech
Trump claims China acquired 220 million U.S. voter files in primetime speech. Declassified documents released, but fact-checkers say most information was previously public. Election integrity focus ahead of 2026 midterms.
Social Security Faces 22% Automatic Cut in 2033 Without Congressional Action
Social Security’s retirement trust fund runs dry in late 2032, forcing automatic 22% benefit cuts affecting 70 million Americans. A new bipartisan bill seeks to prevent the cuts.
Trump Administration Weighs $100,000 Bond for Green Card Applicants
Trump administration considers requiring green card applicants to post $100,000 refundable bond. Proposal targets those deemed at risk of becoming public charges. Details remain unresolved.
Australia’s Daily Smoking Rate Falls to 5.6% as Illicit Tobacco Surges
Australia’s daily smoking rate fell to 5.6% in 2025, beating the 10% target, but 34% of smokers now buy illicit tobacco. The government bans nicotine pouches from July 24.
Trump’s New Global Tariffs Loom as $71B Refund Wave Hits Companies
Companies have received $71 billion in tariff refunds after the Supreme Court ruled Trump’s tariffs illegal. Now Trump plans new global tariffs of 10-12.5% starting July 24, affecting UK, Japan, India, Taiwan, and China.
Canadian Wildfire Smoke Blankets US Through Saturday; Air Quality Hazardous
Canadian wildfire smoke creates hazardous air quality across 20+ US states. Chicago, Detroit, and Pittsburgh hit worst levels. Smoke clears Saturday as storms push pollution out.
Moonshot’s Kimi K3 Narrows AI Gap; Chinese Model Rivals US Frontier Systems
Moonshot AI’s Kimi K3 model with 2.8 trillion parameters rivals Anthropic’s Fable 5 and OpenAI’s GPT 5.5, marking a major shift in the US-China AI race and triggering sharp selloffs in tech stocks.
Petition Seeks to Remove Prince Harry From Invictus Games Leadership
Petition circulates to remove Prince Harry from Invictus Games leadership over security threats, failed fundraising for 2027 Birmingham event, and concerns about media distraction from veterans.