Live from NPR News in Washington, on Rylan Barton, FIFA is abandoning a contr...
plan to sell stakes of the world cup to private investors after opposition from European
countries.
“The private investors included a firm run by Joshua Kushner, brother of President Trump's”
son-in-law. It's a stunning defeat for FIFA President Gianni and Fentino, a Trump ally just weeks after the lucrative men's world cup. Some EU countries are calling for Spain's borders to be closed, as the country tries to deal with an influx of tens of thousands of migrants from Morocco.
Terry Schultz reports that EU Commission Chief calls the situation unacceptable. Spanish authorities say they've turned back roughly half the people who arrived in the tiny Spanish town of Saito by land or sea from Morocco. European Commission Chief, Ursula Vandaline, says she's assigned officials to help Spain manage the situation, insisting the crossings must stop immediately, and that smuggling networks
must be dismantled.
She underscores that people entering the block must be returned quickly.
Several EU governments have called for the suspension of Spanish participation in the passport-free shengen system, so that the migrants cannot travel on into other countries. The Italian government says it's temporarily closed its air and sea borders with Spain,
“and France announced it will step up controls at the Spanish border.”
For imperial news, I'm Terry Schultz and Brussels. Major oil companies reported massive profits while fighting between Iran and the U.S. drove up the price of oil, Exxon Mobile, and Chevron both more than doubled their profits in the second quarter. Some lawmakers have proposed taxing oil producers for war-related windfalls, as NPR's
Camilla Dominozki reports. We've seen Democrats in Congress and some leaders in Europe call for "windfall taxes" on oil. These are special taxes on unusually high profits. The logic being that these companies didn't make so much money by innovating because of
this geopolitical crisis that was outside of their control that made the thing they sell a lot more valuable. Europe had a windfall tax after prices spiked back when Russia launched the full-scale invasion of Ukraine. Unsurprisingly, this is something that oil companies oppose.
“NPR's Camilla Dominozki reporting, New York is suing the prediction market company Calshy”
calling it an illegal gambling operation, NPR's Bobby Allen reports the Trump administration is backing the controversial industry. New York Attorney General, Attisha James's lawsuit seeks to have the country's biggest prediction market company banned. The suit is also asking a court to force Calshy to forfeit all of its billions of dollars
in profits to the state. It's the latest legal showdown between states and the prediction market industry led by Polly Market and Calshy. 44 states recently wrote the Trump administration asking that the booming companies be regulated like any other gambling operation, but the industry has a support of the White House which
argues the federal government should oversee the sector. In New York, legal online gambling is subject to a 51% tax rate. Calshy has a prediction market company avoids that altogether. Bobby Allen and PR news. This is NPR.
Hungerys only nuclear power plan is shutting down for the first time due to record low
water levels on the Danube River. The plant uses river water to cool its reactors and it's operating at less than half capacity. Hungerys has been experiencing a prolonged drought. Most kids in the U.S. are getting a daily dose of caffeine, a new national center for
health statistics report looks into how much and where it's coming from, and PR's ping Huang has more. More than 60% of U.S. youth consume caffeine on a given day. Younger kids, ages 2 to 11, are getting it from sweet bakery products, like those made with chocolate or coffee powder, and candy, flavored milk, and other beverages.
Addile essence ages 12 to 19 are getting caffeine from soda, those bakery products, and tea or coffee. The amount of daily caffeine increased with age, teenagers were getting around 30 milligrams per day, about the amount in a can of cola. The results come from responses to the National Health and Nutrition Examination Survey
collected from 2021 to 2023. While moderate caffeine consumption appears to be relatively safe for kids and teens, the study authors warn that caffeinated products may disrupt sleep, and that sweets and sodas often come with high levels of added sugar. Ping Huang and PR news.
Brock Legend Patty Smith greeted fellow Chicagoan Pope Leo 14th at the Vatican. She managed to solve high as she sat down across from him in the apostolic palace. Smith is not Catholic, but says she was drawn to the late Pope Francis, and what she called his gentle open and steadfast sense of humanity. This message comes from wise.
The smart way to manage your money around the world, with wise, you can send, spend, and receive money in over 40 currencies at the mid-market rate. Learn more at wise.com, Teas and Sees Apply.
