Good morning. In today’s edition:

• 🏛️ Congress on a deadline
• 🧑‍⚖️ “Anti-Weaponization” fund blocked
• ♾️ Putin’s $26B quest for longevity

…and much more.

Ready, Set, Go: Today’s news should be a ~3.41-minute read (907 words).

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"Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough."

–Oprah Winfrey (b.1954)

Congress returns to Washington from recess this week facing a problem familiar to procrastinators everywhere: eventually, the deadline arrives.

Lawmakers left town before Memorial Day without resolving several politically sensitive issues, and are now returning to a backlog of major legislation on the docket.

Here’s what to expect in Congress this month:

Immigration funding showdown continues

One of the first items on lawmakers' agenda is a measure to provide $72 billion dollars in funding for ICE and US Border Patrol. Progress towards approval stalled last month after disagreements emerged over the inclusion of the Trump admin’s new $1.776 billion “Anti-Weaponization” fund.

• Supporters say the fund could provide compensation to people who believe they were unfairly targeted by government actions.
• Critics, including Democrats and some GOP lawmakers, question whether taxpayer dollars should be used for the fund, and cite what they say is an alarming lack of transparency and guardrails on how the money is doled out.

Congress weighs Iran war intervention

Congress is also expected to consider a resolution related to US involvement in the Iran war. At the center of the debate is whether Congress should invoke the War Powers Act of 1973, which generally limits presidents to 60 days of military action without congressional authorization.

• But the Trump admin is arguing that the current ceasefire means that timeline no longer applies.
• The vote is largely symbolic, since Trump can veto the measure.

The future of FISA is up for debate

Another looming deadline involves Section 702 of the Foreign Intelligence Surveillance Act. This provision allows intelligence agencies to collect communications from foreign nationals located outside the US without obtaining individual warrants.

Congress voted to approve a 45-day extension earlier this year following weeks of debate on whether to overhaul Section 702, with that deadline set to expire June 12.

Looking ahead…Congress doesn't have unlimited time to sort through these debates. There’s only ~24 House session days remaining to address a range of high-profile issues before lawmakers go on their month-long August recess.

📊 Flash poll: In general, do you approve or disapprove of Congress’ job performance so far this term (since Jan. 2025)?

• Approve
• Disapprove
• Unsure/other

There's something about vacation skin. More color, more warmth, and that rested glow that makes people think you had time for yourself. Even when the morning started with coffee, backpacks, and a full calendar.

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BUSINESS & MARKETS

• 💰 Corporate profits make up the largest percentage of America’s total income (12.1%) since a brief period during the early 1950s, per federal data; meanwhile, the slice of pie going to employees (51.1%) is at its lowest point on record.
• ⛽ National average gas prices fell to $4.36/gallon on Saturday amid reports of peace talks with Iran, down from $4.53 the prior weekend.
• 🏘️ Berkshire Hathaway agrees to buy home builder Taylor Morrison Home Corp. for $6.8 billion in cash.

SPORTS, MEDIA & ENTERTAINMENT

• 🏀🏆 NBA Finals are set: The San Antonio Spurs defeated the defending champ OKC Thunder in Game 7 to make their first Finals since 2014; Spurs will face the NY Knicks in Game 1 on Wednesday.
• 🍿 Backrooms, directed by 20-year-old YouTube star Kane Parsons, earns $81.5 million in its weekend debut at the domestic box office; it’s the highest-ever opening for a horror film that isn’t a sequel or based on a book, and by far the highest in A24 history.
• 🙏 Matt Brown, star of Discovery docudrama series Alaskan Bush People, died at 43 of suspected suicide.

The problem: Agriculture water stress is reaching $500B. 24 billion tons of soil is lost to erosion annually. And 45% of applied nitrogen and fertilizer never reaches the plant.

The solution: Green Evolution Technologies built InteliGel - the first ultra-absorbent delivery system to change that. A smart hydrogel that holds up to 3,000x its weight in water, pulls nutrients into the root zone, and releases them on the plant's terms - delivering up to 70% less water per acre, 35%+ higher crop yields, and 95%+ soil erosion prevention.

G.E.T. is a farmers-backed company. Every previous round closed ahead of schedule. G.E.T. is now in their Pre-Series A round.

SCIENCE, SPACE & EMERGING TECH

• 🚀💥 Blue Origin’s New Glenn rocket explodes on launchpad due to malfunction during a "hot fire" engine test, with no injuries are reported; explosion will directly impact clients like AST SpaceMobile and Amazon, as well as NASA’s Artemis lunar program.
• 💊 Experimental lung cancer drug reduces risk of death by 34% in newly published late-stage trial conducted in China.
• ☄️ NASA confirms sonic boom heard over Boston, MA, on Saturday afternoon was an exploding meteor, which released energy equivalent to 300 tons of TNT.

US, WORLD & POLITICS

• 🧑‍⚖️ Federal judge temporarily blocks Trump admin from proceeding with $1.776 billion “Anti-Weaponization” fund for people who claim the federal gov’t weaponized the legal system against them. | Federal judge orders President Trump’s name removed from the Kennedy Center and blocks the admin from carrying out a two-year closure for renovations; Trump on social media said he will relinquish control of the Kennedy Center to Congress after the ruling.
• 💥 President Trump reportedly asks for amendments to potential US-Iran peace deal, particularly around Iran's nuclear material.
• 💰 Trump Accounts app officially launches, allowing parents or guardians to establish and manage tax-preferred investment accounts on their children’s behalf; the federal gov’t plans to make a one-time $1,000 deposit into eligible accounts beginning July 4.

☝️ The first "Manhattanhenge" of 2026 took place in the Big Apple over the weekend. The twice-a-year event occurs when the setting sun lines up perfectly with Manhattan's east-west street grid, with the final Manhattanhenge of the year set to begin July 12.

🤔 Did you know? Mount Everest was initially measured to be exactly 29,000 feet by the British Royal Geographic Society in 1856, but scientists reported the number as 29,002 feet instead to avoid people thinking that they had simply rounded-off or estimated the calculation.

📰 Worth a read: Inside Putin’s $26 billion quest for longevity

🖱️ What we’re clicking:

• America’s 50 best pizzerias in 2026
• My morning at a sober breakfast rave
• 10 of the best films to watch this June

On Friday, we covered recent reports that indicate some major company executives are starting to realize the benefits of AI may be arriving slower than the invoices, as token costs associated with AI model usage continue to rise.

❓ Our question to you: In your opinion, is the US economy currently in an AI bubble?

• Yes: 76%
• No: 14%
• Unsure/other: 10%

Click here to read some of the most thoughtful longform responses.

+Note on sample size: We received 542 votes and 35 longform responses.

Monday: June 1; National Say Something Nice Day

Tuesday: Job Openings and Labor Turnover Survey (JOLTS) report for April; Stanley Cup Finals begin (Vegas v. Carolina)

Wednesday: NBA Finals tip off; Broadcom reports earnings

Thursday: Weekly unemployment claims;

Friday: May jobs report; Masters of the Universe and Scary Movie hit theaters

Guess the definitions of the following Greek/Latin root words:

1. Arct
2. Clin
3. Fusc
4. Lus
5. Phon

💸 Welcome to Noah's Kitchen, a Louisville restaurant that donates 100% of its profits to charity. The restaurant recently passed $100,000 in donations to local and national organization ahead of its first birthday. 

1. Arct = Region of the north (e.g., Arctic)
2. Clin = Lean (incline)
3. Fusc = Dark (obfuscation)
4. Lus = Play (illusion)
5. Phon = Sound (phonetics, microphone)

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