US and Iran sign initial deal to end war, ease sanctions and open strait as nuclear talks continue
WASHINGTON (AP) — President Donald Trump signed an agreement with Iran on Wednesday that calls for Tehran to dilute its stockpile of highly enriched uranium and waives U.S.-backed sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington, according to details released by both countries.
The initial deal to end the war takes “immediate effect” after leaders from both countries signed it, Pakistani Prime Minister Shehbaz Sharif, who helped mediate the agreement, said online.
The agreement calls for a permanent end to hostilities and starts a 60-day negotiating clock to reach a final deal on the future of Iran's nuclear program, though Trump left the door open to resume attacks. It appears to offer Iran several benefits up front while extracting little in return.
The deal has been shrouded in secrecy and confusion for days. U.S. officials refused to disclose the terms even after saying Trump and Vice President JD Vance digitally signed it over the weekend. Trump signed a physical copy Wednesday while dining with French President Emmanuel Macron at Versailles, the palace where many historic agreements have been signed over the centuries, ending wars or territorial disputes.
The White House had planned a signing ceremony on Friday in Switzerland, but its fate is now uncertain, with conflicting information from the U.S., Iran and Pakistan.
Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance
WASHINGTON (AP) — The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year.
The unexpectedly aggressive tilt toward higher rates would disappoint President Trump and suggests heightened concerns about persistent inflation among Fed officials.
In an unusually short statement after their two-day meeting, the officials dropped language that had suggested their next move would be to cut the key rate. The brief statement reflects the influence of new chair Kevin Warsh, who was appointed by Trump. Warsh has previously criticized the Fed for commenting too broadly on the economy.
Still, Warsh's 18 colleagues on the Fed’s rate-setting committee sent a clear message in a set of quarterly projections released Wednesday: Nine signaled they supported higher rates this year, with six of those supporting two or more quarter-point increases.
It’s a sharp change from March, when no policymakers penciled in a hike and the committee as a whole forecast one cut in 2026. The change is an acknowledgement that inflation is at its highest level in three years and many officials have said in recent speeches that if inflation doesn’t decline, higher rates may be necessary in the coming months.
US stocks sink on worries about a possible hike to interest rates this year by the Federal Reserve
NEW YORK (AP) — U.S. stocks slumped Wednesday on speculation the Federal Reserve may hike interest rates this year to keep a lid on inflation. Higher rates can tap the brakes on accelerating prices at cash registers, but they also slow the economy and hurt prices for investments.
The S&P 500 dropped 1.2% and erased an earlier, modest gain after the Fed released projections showing that nine of 18 policymakers foresee at least one increase to its main interest rate this year. The Dow Jones Industrial Average went from a gain of 280 points in the morning to a drop of 507 points, or 1%, while the Nasdaq composite sank 1.3%.
One important policymaker at the Fed did not give a forecast for where the federal funds rate may end 2026: Chairman Kevin Warsh. In his first press conference as head of the U.S. central bank, Warsh said he’s also considering a revamp of how the Fed communicates with financial markets and U.S. households and businesses.
One of his first moves was to end the inclusion of hints in Fed statements about where interest rates may be heading in the future, something called “forward guidance.”
Warsh said he wants Wall Street to react to incoming reports about inflation, the job market and other economic data based on how they should affect prices for stocks, bonds and other investments rather than how traders expect the Federal Reserve to react to them.
Takeaways from the G7: Trump's new attitude toward allies buoyed by their praise for Iran deal
EVIAN-LES-BAINS, France (AP) — President Donald Trump is not known to be a fan of international gatherings of world leaders, but he changed his tune at this year's G7 summit at a French Alpine resort, where he was buoyed by support from his counterparts for his tentative agreement with Iran to end the war.
It was an about-face for Trump, who weeks ago had sharply criticized his counterparts for refusing to join the United States and Israel in bombing Iran to force it to abandon its nuclear aspirations — and who last year spent only a day at the G7 summit before cutting out early and going back to Washington.
“We found a great deal of unity here at the G7,” Trump told reporters at the end of the meeting. He said he had heard only positive comments from G7 leaders, who are anxious to see global oil prices drop in the wake of hostilities.
“This meeting could not have come at a better time,” he said.
Here are some takeaways from Trump's trip this week:
Trump delays his own national intelligence nominee, fueling tension with fellow Republicans
WASHINGTON (AP) — President Donald Trump on Wednesday derailed the confirmation process of his own nominee to head the nation’s intelligence agencies, an extraordinary move that upended Senate efforts to renew a crucial surveillance program and fueled fresh tensions with fellow Republicans on Capitol Hill.
In an overnight social media post from the Group of Seven summit in France, Trump declared he was delaying the nomination of federal prosecutor Jay Clayton as director of national intelligence just hours ahead of his scheduled hearing, despite bipartisan praise for the nominee and Republican efforts to speed him through the confirmation process.
Senate Intelligence Committee Chairman Tom Cotton, R-Ark., said Republicans would go ahead with the Clayton hearing anyway, “unless the president directs him not to appear or withdraws his nomination." But later he postponed the hearing, saying it was “regrettable” that Trump had directed Clayton not to appear.
“Mr. Clayton is a patriot and a highly qualified nominee, as the president has said repeatedly,” Cotton said. “While today’s hearing is now unfortunately postponed, I look forward to proceeding with his confirmation in the near future.”
Trump's attempt to delay Clayton makes it more likely that his temporary pick for the intelligence job, top housing official Bill Pulte, will take over when outgoing director Tulsi Gabbard leaves office on Friday. Republicans and Democrats in Congress have sharply criticized Pulte, a Trump loyalist who has no known national security experience and has used his current administration perch to target perceived adversaries of the president.
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'A million years isn’t enough': Victims' relatives confront Gilgo Beach serial killer at sentencing
RIVERHEAD, N.Y. (AP) — After decades waiting for justice, relatives of women murdered by New York’s Gilgo Beach serial killer laid into him Wednesday before he was sentenced to life in prison. He told them: “I am responsible” for the crimes.
“There are no words I can say," said Rex Heuermann, the Long Island architect who lived a secret life of violence for years before admitting he killed eight women. “The words I would say would have no meaning.”
The sentencing capped an extraordinary investigation that solved one of New York’s most perplexing mysteries. The seemingly unconnected and largely overlooked disappearances of young women became the focus of true-crime documentaries, books and podcasts after police began discovering the victims’ skeletal remains in the sandy scrub along a coastal parkway.
Heuermann, 62, will have no possibility of parole.
“A million years isn’t enough,” Violet Swager, a cousin of victim Jessica Taylor, said. “Nothing will ever make this right.”
Georgia Republican legislative leaders reject governor's call for 2028 redistricting
ATLANTA (AP) — Georgia’s Republican legislative leaders on Wednesday rejected Gov. Brian Kemp’s call to redraw congressional and legislative districts during a special session, citing concerns about moving too quickly after a U.S. Supreme Court decision weakened federal Voting Rights Act protections for minority voters.
The aborted effort to reduce nonwhite voters' representation contrasts with other Southern states where Republican majorities moved quickly to redraw congressional boundaries ahead of the November midterms, partly in response to President Donald Trump's pleas to shore up the GOP's fragile House majority.
Civil rights activists and Democrats, especially Black and other nonwhite lawmakers, celebrated the development and claimed victory after exerting weeks of pressure and gathering hundreds of citizens at the Georgia Capitol on Wednesday ahead of the session.
“Today showed that ordinary people don't need to wait until November to make their voices heard and protect our democracy,” said U.S. Sen. Raphael Warnock, the state's first Black senator who returned to Atlanta from Washington to be at the Capitol. “We can stand up and speak right now.”
Kemp had not asked his fellow Republicans to reopen Georgia districts ahead of November. Instead, he wanted them to redraw congressional boundaries for the 2028 election. But the governor, in the final months of his second term, also called on lawmakers to redraw their own districts — a move that would have made Georgia the first state to apply the Supreme Court's Louisiana v. Callais decision to its legislature.
Luigi Mangione will assert psychiatric defense in murder case in UnitedHealthcare CEO's killing
NEW YORK (AP) — Luigi Mangione plans to assert a psychiatric defense at his state murder trial, claiming he was suffering from extreme emotional disturbance when he gunned down UnitedHealthcare CEO Brian Thompson, a judge said Wednesday. It wouldn't absolve him of the Dec. 4, 2024, killing, but could free him from prison sooner.
If a jury accepts that defense, the panel would convict Mangione of manslaughter and he would face up to 25 years in prison. Alternatively, the jury could reject the extreme emotional disturbance defense and convict him of murder, which carries a potential life sentence. That defense isn’t available in his federal case.
Judge Gregory Carro announced the decision in court Wednesday, two weeks after holding a secret hearing on the matter at the defense's request. He said he will release a transcript from that hearing and other records once redactions are made.
Carro said Mangione’s lawyers first notified him in a sealed letter last September that they planned to pursue a psychiatric defense and confirmed the decision at the June 3 hearing.
But, the judge warned, they're “coming close to not being able to put forth that defense” after prosecutors complained that Mangione's lawyers had yet to give them details about what they say triggered their client's extreme emotional disturbance. Prosecutors need to know that before they have their own psychological expert evaluate him, Carro said.
Investigators seek clues in small jet crash that killed 1 in Texas, where bystanders rushed to help
Investigators combed through wreckage Wednesday for clues to why a business jet crashed on a Texas highway, killing one person on board after its pilots reported mechanical problems while requesting an emergency landing at a nearby airport.
The fiery crash late Tuesday in Laredo near the Mexican border sent bystanders racing from their cars to help police rescue passengers and crew from the burning aircraft. The crash killed Joshua Baer, a leader in Texas’ technology and startup sectors, the president of Baer's company said.
Video from the frantic scene showed someone trying to smash the cockpit glass with a sledgehammer, while others used makeshift levers as they worked to open the plane's door. Local officials said a firefighter entered the smoke-filled jet to extract one person still inside after the rest had escaped.
“While the loss of life is deeply regrettable, it is nothing short of a miracle that this tragedy did not become a mass fatality event,” Laredo Mayor Victor Treviño said during a news conference Wednesday.
Two pilots and three teenagers survived the crash and have since been released from the hospital, according to the Laredo Police Department. A dog on board that suffered from smoke inhalation was also expected to survive, said Jose Baeza, an investigator with the police department.
Harry Kane ties England's record for World Cup goals in 4-2 win over Croatia
ARLINGTON, Texas (AP) — Hey, Jude, you and Harry didn't let England down.
Harry Kane scored twice to equal the English record for World Cup goals, and Jude Bellingham put England in front for good two minutes into the second half of a 4-2 victory over Croatia on Wednesday.
Martin Baturina and Petar Musa answered each of Kane's first-half goals in a rematch of a 2018 semifinal won by Croatia. Musa's goal came on the final play before the whistle ending the first half.
The even score didn't last long once play resumed.
Bellingham took a long pass from Elliot Anderson and stayed clear of the defender the rest of the way, sending a shot past Dominik Livakovic and in off the far post. Marcus Rashford padded the lead in the 85th minute.

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