"Lie from NPR News," I'm Lakshmi Singh.
The Dow's closed down more than 1100 points or more than 2% with sharp declines in the S&P and NASDAQ as well.
“After its latest two-day meeting, the Fed decided to keep interest rates where they are.”
It also left open the possibility of a rate hike in the future if inflation remains elevated. After Anthony Fauci, the person most identified with a federal public health response to the COVID pandemic, invoked the fifth amendment today repeatedly when he was on Capitol Hill. NPR's Jonathan Lambert reports a veteran infectious disease expert to decline to answer any questions including from Senate Committee Chair Rand Paul, hearing about the origins
of a virus linked to tens of millions of deaths worldwide. Dr. Fauci and Senator Paul have long spared over the coronavirus pandemic days before this hearing Paul released over 1,000 pages of Fauci's private writings accusing him of covering up the origins of COVID-19. Fauci pointed out that he has responded to similar questions in previous testimony and Fauci
accused the Senator of being obsessed with trying to get him behind bars. Although it pains me to do so, because of the respect I have for the legislative branch of government under the advice of my attorneys, I will invoke my right under the fifth amendment
“of the Constitution to reframe from answering your questions.”
Senator Paul and other lawmakers continued asking questions and Fauci continued declining to answer Jonathan Lambert and PR news. Moments ago, President Trump took questions from reporters on a wide range of issues including threats to ramp up attacks against Iran following its attacks on U.S. forces in the region. We're going to be hitting them very hard because it's our term to hit them.
They know it's coming. There's going to not to do it, but you know, they tried shooting it last night. So we had five rockets shot going 8,500 miles an hour and all five rockets would not
down to the ground, but they never the less took a shot, so it's our term.
And we'll see if we get there with an agreement at some point, but we're going to hit them very hard. Attorney General, from dozens of states, are calling on the administration and crack down on the booming prediction market industry. Here's in PR as Bobby Allen.
“And Trump administration is currently rewriting the federal rules for the prediction”
market industry, companies like Kalshi and Polly Market that have thrived in Trump's second term. And Trump officials want them regulated by the federal government as a type of financial investment product, not gambling. But a newly public letter sent by 44 states sends a clear message to regulators in Washington.
State officials view prediction markets as having made an end run around state laws and state taxes, especially when it comes to sports betting, which accounts for most of the billions of dollars wagered on Kalshi and Polly Market. But other topics are popular, too, like politics and elections.
$200 million has already been wagered on the sites ahead of the midterms.
Bobby Allen and PR news. This is NPR. Just one or two Republican votes stand between Todd Blanch and his hopes for Senate confirmation is the next U.S. Attorney General. Senator John Corne of Texas to reporters today, time was running out for the Justice Department's
currently interim chief to formally modify a settlement president Trump reached to resolve a lawsuit against the internal revenue service. Fans are remembering the live of Oscar-winning musician, Glenn Hansard, who is died in a motorcycle crash in Dublin, Ireland, according to a statement from his management company. Hansard, who co-starred in the musical film once through international claim, after winning
an Academy Award in 2008 for the duet falling slowly, he was 56 years old. The UK last year recorded the biggest rise in anti-Semitic incidents of any country with a major Jewish population, according to a new report on anti-Semitism in the Jewish diaspora, and PR's Lauren Freyer has more. The J7 Task Force Tally's anti-Semitism in the seven largest Jewish diaspora countries.
Together they're home to more than 90% of the world's Jews outside Israel. One of those countries, the UK, had the biggest spike in anti-Semitic incidents last year. Australia had the deadliest with 15 people killed at a Hanukkah event on Sydney's Bondi Beach. Overall, 2025 was the deadliest year for Jews living outside Israel in more than three decades.
The UK government recently allocated more than $330 million to boost police protection
for Jewish communities, and an independent review of anti-Semitism in schools and colleges is due this autumn. Lauren Freyer and PR News London, this is NPR News. This season of Plenty of Money Summer School, we go to China, one of the world's biggest economy, and what we learned is Americans are crazy, Chinese are crazy, these are two
countries full of these crazy hustlers. The US and China are more alike than you might think. On Plenty of Money Summer School, a strange lesson about success, how to handle the downsides of progress.
