Speaking from the White House at 2:30 PM Eastern, President Trump announced that Medicaid programs in every state will now get the lower prescription prices his administration negotiated directly with drugmakers. It builds on the deals struck with nine additional pharmaceutical companies last month. The White House frames it as the largest single expansion of the most-favored-nation pricing push to date.
New Chairman Kevin Warsh presided over his first rate increase, a quarter point, with officials now projecting PCE inflation at 3.7% by year's end — up from June's forecast. The labor market gave them cover: 162,000 jobs added last month and unemployment steady at 4.1%. Meanwhile national average gas prices hit $4.47 a gallon with crude holding above $100.
The administration moved today to revoke access for three outlets it labels "fake news," a sharp escalation of an already adversarial relationship with the press corps. Press-freedom groups are framing it as a First Amendment fight; the White House frames it as a credentialing decision. Expect this one in court.
Investigators sifting more than a million files inside the home of Eugene Horsch found ashtrays containing what may be human remains, alongside images of seven women reported missing. Police are working to identify the material and connect the photographs to open cases. It is, by any measure, one of the more disturbing searches in recent memory.
The president said a "big decision" is coming on whether to annihilate Iranian targets or cut a deal, while insisting the war that began February 28th will end soon. Strait of Hormuz traffic is still running roughly 90% below pre-conflict levels, Saudi Aramco has told European refiners to expect zero crude next month after pipeline damage, and Washington just approved a $24.3 billion F-35 sale to Riyadh. Trump meets leaders of six Gulf nations at the UN General Assembly.
Ukraine's president welcomed leaders and delegations from seven regional countries in Kyiv for talks on deepening cooperation, even as overnight Russian strikes sparked fires and caused deaths and injuries across multiple regions. Separately, Russia is running State Duma voting in occupied Donetsk, Luhansk, Kherson and Zaporizhzhia — with no OSCE observers present.
The Security Council held its second straw poll Friday, with Guyana's Carolyn Rodrigues-Birkett taking a narrow lead in the race to replace António Guterres, whose term ends December 31st. Analysts are warning the Trump administration to take a front seat in the process or risk an outcome hostile to US interests. The pick shapes the institution for the next five years.
NASA needs Starship to finish testing and reach orbit soon so Artemis III's crew — three Americans and one Italian — can practice docking next year, while Blue Origin pushes its own landing demonstration. The target is the lunar south pole, where buried ice could supply water and fuel for a permanent base. Price tag for the effort runs $20 to $30 billion.
The Bureau of Alcohol, Tobacco, Firearms and Explosives is investigating a cybersecurity intrusion that DOJ has now formally classified as a major incident — a designation that triggers mandatory congressional notification. A ransomware group has claimed responsibility. The ATF holds firearms trace data, making the potential exposure unusually sensitive.
Scientists studying trackways and burrows in China say they've found the earliest known footprints left by any animal — pushing the record back more than half a billion years. The creature that made them was a small, strange, leg-bearing burrower from the Ediacaran period. It means animals were walking around considerably earlier than the textbooks had it.