Good morning. In this edition:

• 🤖 NASA and Google's AI space doctor
• 🎶 Taylor Swift announces new album
• 💼 Why so many women are quitting the workforce

…and much more.

Ready, Set, Go: Today’s news should be a ~4.18-minute read (1,112 words).

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“The best of us sometimes eat our words.”

–Albus Dumbledore (1881-1997)

The White House just sat down at Nvidia and AMD’s table and started eating from their basket of chips: Both companies have agreed to pay the US government a percentage of their chip sales in China in exchange for being allowed export licenses, according to multiple reports published late Sunday.

• Nvidia will share 15% of its revenue from sales of its H20 chip in China under the agreement, while AMD will also share the same portion of its MI308 chip sales in the country.
• The deal marks a reversal from the Trump admin’s previous policy earlier this year, which blocked Nvidia and AMD from selling those chips to China in an effort to “safeguard our national and economic security.”
• It’s also the first time the US government has ever agreed to a revenue-share deal in exchange for granting an export license, according to multiple analysts.

In comments on Monday, President Trump framed the deal as extracting additional money for the US government while still protecting America’s technological edge over China, since the chips covered under the agreement are essentially “obsolete” compared to newer tech the companies currently produce.

• Nvidia and AMD developed those two chips with reduced capabilities specifically for the Chinese market, after the Biden admin placed export restrictions on more advanced AI chips in 2023.

The deal could set a major precedent

Nvidia and AMD’s agreement represents a notable shift in how the US government approaches export controls. “It turns the export control function of the government into a money-raising proposition, and that’s never happened before,” said Gary Hufbauer, a nonresident senior fellow at the Peterson Institute for International Economics.

• While the US government is barred from imposing taxes on exports under both the Constitution and federal law, experts say it’s unclear whether the US government’s 15% cut from Nvidia and AMD sales in China would count as an export tax—or a voluntary agreement instead.
• It’s also unclear who would have standing to potentially challenge the deal in court.

Looking ahead…The White House yesterday said it’s still working out the finer details of Nvidia and AMD’s new export agreement, and also indicated it could serve as a template for other companies facing export controls. The deal is expected to generate ~$2.4 billion for the US government by the end of this year, though sales could be impacted by the Chinese government’s push to steer domestic companies away from American-made chips.

📊 Flash poll: How do you feel about the Trump admin’s new deal to grant Chinese export licenses for certain lower-powered Nvidia and AMD chips in exchange for 15% of the revenue made in China?

• Support
• Oppose
• Unsure/other

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If all goes to plan, NASA astronauts will soon start putting on some serious mileage in space. But when they’re millions of miles away—Mars is ~200-million miles from Earth—they can’t just make like E.T. and phone home for a doctor’s appointment.

Enter the Crew Medical Officer Digital Assistant (CMO-DA), a new AI medical assistant from NASA and Google that’s trained to diagnose and treat astronauts when no doctor is available, or when communications to Earth are blacked out. Early tests of basic scenarios show CMO-DA can accurately diagnose health issues and form a proper treatment plan 74–88% of the time.

Why it matters

The human body and space go together about as well as orange juice and toothpaste, with several major health risks associated with deep-space missions. NASA bundles them into a tidy acronym called RIDGE:

• Radiation in outer space is far harsher than low-Earth orbit, significantly upping cancer and cardiovascular risks.
• Isolation can mess with mental health (and circadian rhythms) over months or years.
• Distance means slow communication to Earth—no instant second opinion from Houston.
• Gravity changes can cause bone loss, blood pressure shifts, and dehydration.
• Hostile/closed environments can alter immune systems, increasing autoimmune risk.

Looking ahead…NASA has a stated goal of placing the first humans on Mars as early as the 2030s, after first setting up a long-term presence on the Moon via the ongoing Artemis program.

BUSINESS & MARKETS

• 📈 Consumer Price Index for July rose at 2.7% annual rate, slightly lower than forecasts; core CPI for July rose 3.1% annually, slightly above expectations.
• 📸 Kodak warns it faces a serious risk of going out of business in new SEC filing. | Spirit Airlines says it may not be able to continue operating without more cash; comes five months after exiting Chapter 11 bankruptcy.
• 📱 Elon Musk threatens “immediate” legal action towards Apple for alleged antitrust violations related to AI chatbot rankings in the App Store; Musk alleges Apple “makes it impossible” for any AI company but OpenAI to reach #1.

SPORTS, MEDIA & ENTERTAINMENT

in partnership with Worthy

• 🎤 Taylor Swift announces her 12th studio album, The Life of a Showgirl; Swift will appear on the New Heights podcast, cohosted by her boyfriend Travis Kelce, tonight at 6 pm CT to discuss it.
• 🥊 UFC will host first-ever fight at the White House on July 4th, 2026, says Dana White.
• 🏈 University of Oklahoma is unaware of any NCAA investigation into starting QB John Mateer for sports gambling, after screenshots of Venmo payments labeled “sports gambling” went viral on social media Monday night; Mateer says they’re “inside jokes” among friends.

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SCIENCE, SPACE & EMERGING TECH

• 🤖 Anthropic faces largest copyright class action ever certified, with up to 7 million claimants; it could potentially cost the AI company hundreds of billions of dollars; AI industry groups are urging appeals court to overturn class-action certification.
• 🛰️ Amazon launches fourth batch of internet-beaming Kuiper satellites, bringing its total to 100+; the latest group was deployed via a rocket from competitor SpaceX, whose Starlink service has 8,000+ internet satellites in orbit.
• 🪸 Coral reefs off Western Australia’s coast suffered their worst bleaching on record between last August and May, new report shows.

US, WORLD & POLITICS

• 🌍 Russia has made a sudden battlefield push further into eastern Ukraine in recent days; it comes ahead of a Trump-Putin summit in Alaska on Friday to discuss potential ceasefire in Ukraine.
• 🏛️ DC National Guard troops arrest 23 people in first night of federal government’s takeover of the city's police department; soldiers will not carry guns in most cases, per officials.
• 🧑‍⚖️ Three-day federal trial over the legality of President Trump’s June deployment of Marines and National Guard troops to Los Angeles set to end later today.

☝️ Englishman Mark Lewis and his two sons have built 200+ intricate sand creations—from Lego Men to viral giant Crocs—just to "put a little bit of joy into the world."

🤔Did You Know? Taylor Swift was named New York City’s first-ever Global Welcome Ambassador by NYC & Company, the city’s official marketing organization, in late 2014 following the success of her song Welcome to New York. She appeared in promotional videos, billboards, and taxi ads to represent the city in tourism campaigns.

📰 Worth a Read: Why so many women are quitting the workforce

🖱️ Clickbait: I responded to one of those spam texts from a “recruiter”—then took the job

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🧠💙 In a US first, Illinois will now offer free optional annual mental health screenings to all public school students in grades 3–12. The goal? Spot challenges early, connect kids with support, and keep classrooms thriving.

How it works: We provide an incorrect stat. Your challenge is to guess whether the actual number is over or under the given value.

• 🗓️ 800: How many Earth days are in one year on Mars
• 🎹 90: Keys on a standard piano
• 🦩 One year: Time it takes for a baby flamingo to turn pink

✌️ Permanent away message: AOL is discontinuing its dial up internet service after 30 years.

🌱 Go touch grass: Humans' connection to nature is down 60% since 1800.

✈️ Explore: What flying has looked like through the decades.

☕ Espress yourself: What's behind Patrick Mahomes' foray into the coffee business?

💸 Want to save money… but don't want to miss out on having fun? Our Frugal Friends have shared a list of 52 Free Things To Do. Get it sent to your inbox now.*

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1. Under; 687 days
2. Under; 88 keys
3. Over; 2-4 years