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Daily Briefing

By Kate Turton

Hello. Dutch military intelligence says Russian use of chemical weapons against Ukraine is 'widespread', and an under pressure Hezbollah considers giving up more weapons. In the US, Trump eyes simple tariff rates, and extends his political power with Congress win.

Plus, six months after the LA wildfires, some people are adjusting to a new life in RVs.

Today's Top News

House of Representatives Speaker Mike Johnson on Capitol Hill in Washington, D.C. July 3, 2025. REUTERS/Umit Bektas

President Donald Trump 's tax-cut legislation cleared its final hurdle in the US Congress, as the Republican-controlled House of Representatives narrowly approved a massive package. Here's a reminder of what is in the bill. And our health team put together an explainer on the key healthcare provisions in Trump's tax bill.
The US president said he is willing to let migrant laborers stay in the United States if the farmers they work for will vouch for them. He said he will also work with the hotel industry on the issue. Meanwhile, US immigration authorities have arrested Mexican boxer Julio Cesar Chavez Jr in Los Angeles.
Trump said he came away disappointed from a telephone call with Russian President Vladimir Putin because it does not appear the latter is looking to stop Russia's war against Ukraine.
Dutch and German intelligence agencies have gathered evidence of widespread Russian use of banned chemical weapons in Ukraine, including dropping a choking agent from drones to drive soldiers out of trenches so they can be shot.
Trump said it would probably be known in 24 hours whether the Palestinian militant group Hamas has agreed to accept what he has called a "final proposal" for an Israel-Hamas ceasefire in Gaza.
Hezbollah has begun a major strategic review in the wake of its devastating war with Israel, including considering scaling back its role as an armed movement without disarming completely, three sources familiar with the deliberations say.
Brutal heat scorched Spain this week, a blistering reminder of the climate change that is battering the world's poorest countries - stretching their finances even as government debt climbs to new heights.

Business & Markets

Air cargo shipment volume from Asia has declined by double digits since the US canceled a tax-free exemption for low-value packages from China early in May, trade groups and analysts said.
China spared major cognac producers Pernod Ricard and Remy Cointreau from new duties of up to 35% on EU brandy, provided they sell at a minimum price.
China's automakers are outpacing foreign rivals in their push for assisted-driving technology, eager to woo motorists hungry for rapid innovation.Yet, Beijing has a nuanced message for its rising stars: move fast - but be careful.
Nvidia hit a market value of $3.92 trillion, briefly putting it on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI.
European shares edged lower, as investors weighed uncertainty over US trade deals, with the July 9 deadline fast approaching.
Top central bankers aren’t impressed with the global stablecoin craze. Listen as Econ World host Carmel Crimmins talks to Hyun Song Shin from the Bank for International Settlements about the risks to emerging markets from dollar-backed cryptocurrencies.

The week ahead

The 2025 BRICS summit will be hosted by Brazil on Saturday and Sunday.
OPEC+, the world's largest group of oil producers, is set to meet on Sunday. They are expected to announce an increase in production for August.
Israeli Prime Minister Benjamin Netanyahu will meet with Trump in Washington on Monday.
On Wednesday Donald Trump's 90-day pause on tariffs will expire, unless it doesn't.
The US weekly jobless claims data posted by the Labor Department is expected on Thursday.

Six months after LA wildfires, some adjust to new life in RVs

Terry Kilgore shaves outside the RV where he now lives after losing his home to the Eaton Fire in January 2025, Altadena, California, June 27, 2025. REUTERS/Daniel Cole

Terry Kilgore lives alone in his Altadena neighborhood in California, sleeping in a recreational vehicle and surrounded by empty lots that were once the site of family homes.

In January, those homes were burned to the ground.

Six months after the wildfires that devastated the eastern and western flanks of Los Angeles, Kilgore’s RV solution is one way victims are coping as the arduous rebuilding effort goes on.

Read more

And Finally...

This undated diagram shows the trajectory of the interstellar comet 3I/ATLAS as it passes through the solar system, released by NASA on July 2, 2025. NASA/JPL-Caltech

Astronomers are tracking a newly spotted comet hailing from parts unknown, only the third time such an interstellar object has been observed visiting our solar system.

Read more