Good morning. In today’s edition:

• 💥 Iran ceasefire
• 🚫 YE banned from UK
• 🎓 US grad school rankings

…and much more.

Ready, Set, Go: Today’s news should be a ~3.94-minute read (1,049 words).

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“Always forgive your enemies. Nothing annoys them so intensely.”

–Percy Colson (1873-1952)

President Trump announced a two-week ceasefire with Iran last night, roughly 90 minutes before his 8 pm ET deadline to open the Strait of Hormuz amid threats of destroying Iran’s entire “civilization.”

• Trump said the decision came after Iran submitted a 10-point proposal that was a “workable basis on which to negotiate.”
• The two-week pause in fighting was confirmed by Iran’s Supreme National Security Council, which committed to negotiations with the US in Islamabad beginning Friday.

How we got here

In a series of posts on Truth Social Sunday morning, Trump said he would authorize major strikes on Iran’s civilian energy and transportation infrastructure if his demands weren’t met by the deadline of last night.

“Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell - JUST WATCH! Praise be to Allah,” Trump wrote.

The President further escalated his aggressive rhetoric toward Iran yesterday morning ahead of the 8 pm ET deadline. “A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will,” Trump wrote on Truth Social.

But 90 minutes prior to the deadline, Trump announced a two-week ceasefire to negotiate over Iran’s latest proposed deal.

What’s in the proposal?

While full details haven’t been made public, Arab and Iranian officials have disclosed nine of the ten conditions in exchange for reopening the Strait of Hormuz:

1. A permanent end of hostilities
2. Guarantees that the US and Israel won’t attack Iran again
3. Cease-fire agreements that include Israel’s war with Hezbollah in Lebanon
4. All sanctions on Iran lifted
5. All sanctions lifted on Iran’s allies
6. Iran takes control of the Strait of Hormuz
7. Iran can charge fees on crossings through the Strait
8. The toll money is used for Iran's reconstruction
9. Toll fees in Hormuz will be shared with Oman

According to reports, the version of the plan released by Iran in Farsi also included the phrase “acceptance of enrichment” for Iran's nuclear program. But that wording was apparently missing in English versions shared by Iranian diplomats.

Other major war updates

The US reportedly struck military targets on the key Iranian oil hub of Kharg Island yesterday, marking the second time the island has been targeted since the fighting began.

Meanwhile, Iran shot down two US aircraft in separate incidents on Friday, marking the conflict’s first such losses. While one of the aircraft was able to reach friendly territory before the crew ejected safely, the two airmen inside the other downed aircraft were forced to eject and land in Iranian territory.

• The US military rescued the first downed crew member from Iran shortly after he ejected.
• But the other downed crew member had to flee and hide in a mountain crevice for ~36 hours before being rescued in a US special forces operation inside Iran.

Saturday’s rescue operation—carried out without any Americans being killed—helped avoid a potential hostage situation, after Tehran reportedly offered ~$60,000 for the airman’s capture.

📊 Flash poll (long-form): What are your thoughts on the recent developments in the Iran war? The most insightful responses will be featured in tomorrow’s newsletter.

• Click here to leave a response.

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BUSINESS & MARKETS

• 💼 US economy adds 178,000 jobs in March, roughly 3x higher than economists predicted, per Labor Department report; marks a sharp reversal from February’s loss of 133,000 jobs.
• ✈️ Delta is raising checked bag fees by $10 or more, following similar moves by United and JetBlue.
• 💰 Pershing Square, hedge fund run by activist investor Bill Ackman, offers to buy Universal Music Group in cash-and-stock deal worth $64.4 billion. | Dept. of Treasury selects Robinhood and Bank of New York Mellon to manage new $1,000 Trump accounts for children.

SPORTS, MEDIA & ENTERTAINMENT

• 🏀 Michigan wins first men’s college basketball national championship since 1989, and second overall. | UCLA wins first women’s college basketball national title since 1978, and second overall.
• 🎥 The Super Mario Galaxy Movie earns Hollywood's biggest domestic opening of the year, racking in $190 million over its five-day Easter debut.
• 📺 Savannah Guthrie returns to TODAY show on Monday, more than two months after her mother was kidnapped from her Arizona home. | 🌍 YE, formerly Kanye West, is banned from entering the UK due to recent antisemitic hate speech; YE had planned to headline Wireless Festival in the UK, which is now canceled.

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SCIENCE, SPACE & EMERGING TECH

• 🤖 Anthropic to charge Claude Code subscribers additional fee to use third-party tools like OpenClaw.
• 🏥 US federal agency ARPA-H unveils three potential new osteoarthritis treatments that regrew bone, cartilage, and even entire knees in animal studies; human trials are expected within 18 months.
• 💉 High-dose flu vaccine found to reduce risk of Alzheimer’s by ~55% in Americans aged 65+ compared to normal vaccine dose, which is ~4x less strong.

US, WORLD & POLITICS

• 🗳️ House district in Georgia holds runoff election to replace former GOP Rep. Marjorie Taylor Greene; GOP candidate Clayton Fuller is projected to defeat Democrat Shawn Harris based on early results.
• 🎓 Annual US grad school rankings published by US News & World Report; Stanford remains #1 for both business and law schools.
• 🏛️ Bill Gates to testify before House committee about late sex offender Jeffrey Epstein on June 10, per multiple reports.

👆 Artemis II astronauts flew to the far side of the Moon on Monday evening, capturing rare images of a region humans haven’t seen up close in more than 50 years. The four astronauts aboard Orion set a new human spaceflight record by traveling 252,756 miles from Earth.

🤔 Did you know? Green Day once recorded a full album, called Cigarettes and Valentines, that had to be scrapped after the master tapes were stolen from their recording studio. The band ended up starting fresh and producing their career-defining album American Idiot.

📰 Worth a read: Scientists cloned a mouse for 58 generations. The results were catastrophic.

🖱️ What we’re clicking:

• Why the question of alien life keeps returning
• Despite their tiny brains, bumblebees have a surprising sense of rhythm
• Why do we say “piece of cake?”

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❓ Trivia: What animal-produced material is stronger than steel on a pound-for-pound basis?

🎓 True or false?…Sea otters can breathe underwater.

🤔 Riddle me this: I’m not alive, but I can grow. I don’t have lungs, but I need air. What am I?

👆🐰 Morty the bunny may have no thumbs, but that doesn’t stop him from crushing Jenga.

• Once lonely and neglected, Morty was recently rescued, treated, and adopted by Kendall Bryant.
• Now he snuggles, supervises meals, and rules the tower game.

❓ Trivia: Spider silk

🎓 T/F: False; they breathe air, but can stay underwater for up to seven minutes.

🤔 Riddle: A balloon

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