WHITE HOUSE TO REDIRECT BILLIONS IN RESEARCH FUNDS TOWARD AI, AWAY FROM COLLEGES- WSJ
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*TRUMP TO SET 100% TARIFF ON GENERIC DRUGS FROM AUGUST 2028
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TRUMP ESCALATES GENERIC DRUG TARIFFS

Trump announced that generic drug imports will face a 0% tariff from 1 August 2026 for two years, rising to 100% for one year and 200% thereafter.

The measure aims to reshore generic pharmaceutical manufacturing to the U.S., while existing policies on patented and branded drugs remain unchanged.
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IRAN TO FIGHT WITH EVERYTHING IT HAS IF US SETS FOOT ON LAND:TV
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U.S. S&P 500 E-MINI FUTURES DOWN 0.4%, NASDAQ 100 FUTURES DOWN 0.9%, DOW FUTURES DOWN 0.3%
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*AMD TO INVEST $5 BILLION IN ANTHROPIC AS PART OF CHIP DEAL, COMPANIES SAY -- WSJ
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*ANTHROPIC TO BUY UP TO 2 GIGAWATTS OF AMD LATEST-GEN CHIPS: WSJ
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TRUMP ESCALATES RHETORIC

President Trump warned that any attack by Iran on ships in the Strait of Hormuz would trigger U.S. strikes on Iranian infrastructure, including bridges and power plants near Tehran.

The statement marks a sharp escalation in rhetoric, reinforcing tensions around one of the world’s most strategically important shipping routes.
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Trump: Americans are not against the war in Iran
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Trump: Iran is going to pay a big price
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IRAN THREATENS ENERGY SITES IF US HITS POWER PLANTS: TASNIM
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SENATE CRYPTO BILL HEADS FOR SHOWDOWN

Senate Republicans released updated text of the Clarity Act ahead of a possible vote next week.

The draft adds White House-backed crypto ethics rules, but no Democrats have endorsed them. GOP leaders are pushing ahead, while bipartisan support remains uncertain as disputes over enforcement and conflicts of interest persist.
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IRAN'S ARAGHCHI SAYS ANY AGGRESSION AGAINST IRAN WILL DRAW POWERFUL, DECISIVE RESPONSE
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IRAN'S ARAQCHI: THOSE WHO CONTRIBUTE TO SUCH AGGRESSION WILL ALSO BE CONSIDERED AS LEGITIMATE TARGETS
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U.S. INVESTIGATING WHETHER RUSSIA ASSISTED IRANIAN DRONE ATTACKS ON CIA SITES IN GULF: SOURCES
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IRAN'S REVOLUTIONARY GUARDS' SPOKESPERSON WARNS SHIPPING COMPANIES THAT THE STRAIT OF HORMUZ SOUTHERN ROUTE IS MINED - POST ON X
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Trump: We don't need the Hormuz Strait
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Trump: We're winning in Iran
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IRAN'S SEMI-OFFICIAL MEHR CITES KHUZESTAN PROVINCE OFFICIAL AS SAYING LOCATION NEAR AHWAZ TARGETED IN U.S. MISSILE ATTACK
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IRAN'S SEMI-OFFICIAL FARS SAYS TWO EXPLOSIONS HEARD IN VICINITY OF BUSHEHR
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