"Live from MPR News, I'm Jyle Snyder, Treasury Secretary Scott Bascent is in ...
North Carolina, hosting G20 Finance Ministers at the Trump Administration seeks to pressure
“other countries to help isolate Iran's economy and be our family fight."”
"There's been one big success so far, and that's the United Arab Emirates. It was a big trade hub for Iran, but the UAE said it was cutting off trade tights with Iran earlier this month. But a big source of oil revenue for Iran has been from China, and China is where a lot of these front companies which help Iran with money around are also based.
There were just two dozen of them sanctioned by the U.S. Treasury last week, and sanctions exports I've spoken to agree that the U.S. needs China to police this activity itself for it to be successful.
But the problem is, China has fully rejected the U.S.'s new economic pressure campaign last
week." "Chinese President Xi Jinping is in Kyrgyzstan for a summit of the Shanghai Cooperation Organization, Russian leader Vladimir Putin scheduled to meet with Iran's President on the sidelines on Tuesday. Army Secretary Dan Driscoll has resigned according to a U.S. official not authorized to speak
publicly.
“And Pierskul Lawrence reports that Driscoll's departure leaves several key army posts empty."”
Dan Driscoll is a third-generation army veteran who saw combat in Iraq, and later attended Yale Law School where he befriended a classmate who is now Vice President JD Vance. Driscoll became the youngest ever Secretary of the Army at 38 when he took the post last year. He pushed to modernize military acquisitions and adapt to drone warfare.
In an unusual move, Driscoll took a senior role in White House negotiations to end the war in Ukraine. When Secretary of Defense Pete Higgs-F accidentally leaked details of military operations
early in President Trump's second term, Driscoll was seen as a potential replacement
to head the Pentagon. But Higgs-F stayed, and increasingly clashed with Driscoll over the firing of several high-ranking army officials. Quil Lawrence and Pierskul News. Search and rescue crews have recovered a second body in Grand Canyon National Park, following
“severe flash flooding over the weekend on Sunday.”
The body of a 46-year-old man was found downstream in the Colorado River as Ryan Heintz's Member Station KNA U reports. The flash flooding in bright-angel Creek tore through Phantom Ranch at the bottom of the canyon, destroying bridges and other infrastructure. More than 60 hikers and others were later evacuated by helicopter.
It's common for the Grand Canyon to receive intense rainfall but not in such a steep rocky area. Rain also fell on areas hit by last year's Dragon Bravo fire on the North Rim. Officials say that likely contributed to the severity of flooding into brief lows. Meanwhile, an estimated 40% of the water pipeline that supplies the Park's South Rim
has been destroyed or damaged overnight lodging and the Park has been suspended in strict water restrictions or in place. For NPR News, I'm Ryan Heintz's in Flagstaff. This is NPR. Forcasters expect tropical storm Edward to make landfall in Texas some time tomorrow afternoon.
Edward formed Monday in the Gulf of Mexico and forcasters are warning of the potential for heavy rain and flooding in parts of Texas as well as in Louisiana. In the Pacific tropical stormed low, expected to be near her wide later this week. When the artificial intelligence company opened AI launched ads and chat GPT earlier this year, its competitor in Theropic took a humorous jab with TV ads during the Super Bowl.
Now open AI may have the last laugh as NPR astron-ruit reports. Open AI says in less than 200 days since it launched ads, they've reached what the company calls an annualized revenue run rate of $1 billion. It means that the current rate of ad sales open AI would pull in $1 billion a year. It's not a massive number relative to the tens of billions of dollars the company spends
each year to develop AI, but it's fast growing. In March, the company said it was generating ad revenue at a rate that would have brought in $100 million a year.
Ads have been a critical source of revenue across the tech sector and open AI once resisted
the idea. Now it's part of what it calls its diversified business model. It says it's expanding in the India, Europe, the Middle East, and North Africa. John Rwitch and PR news. Oil prices rising, Brent Crude, back above $91 a barrel after U.S. military strikes on Iranian
rocket launchers in the straight-up for Moos. The first exchange of fire in a month, stocks in Asia, lower after all three major U.S. markets lost ground on Monday. I'm trial Snyder, the MPR news. This season on Planet Money Summer School, we have drilled for oil in Norway, we've smuggled
products in North Korea, and now we make it to our seventh continent at Harktika. That's right, big for me. Mr. Penguins, big for me. I have another sound of Antarctica, that's a reporter trying to interview a penguin. We'll explain on Planet Money Summer School.
Listen on the NPR app or wherever you get your podcasts.
