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  • US and Iran reach tentative deal to extend ceasefire

    US and Iran reach tentative deal to extend ceasefire

    After weeks of behind-the-scenes diplomatic engagement amid escalating cross-border strikes, negotiators from the United States and Iran have hammered out a tentative agreement to extend an existing fragile ceasefire between the two nations for 60 days. However, the preliminary deal still faces a critical final hurdle: formal sign-off from the top leadership of both countries, a step that remains unresolved as of Wednesday.

    The breakthrough comes at a moment of rapidly escalating tensions in the Persian Gulf region. Just hours before news of the tentative deal emerged, the U.S. carried out new airstrikes on targets in southern Iran overnight. In response, Iran’s Islamic Revolutionary Guard Corps (IRGC) confirmed it had launched a retaliatory strike against an American air base located in the broader Middle East region. This back-and-forth attack cycle has left the original ceasefire on the brink of collapse in recent days, with both Tehran and Washington repeatedly accusing one another of violating the fragile truce.

    Multiple anonymous U.S. sources familiar with the negotiations confirmed the tentative deal to BBC reporters, noting that U.S. President Donald Trump has not yet moved to approve the agreement. Per the sources, the draft framework also includes a provision to open formal negotiations on Iran’s controversial nuclear program, a file that has been a core point of contention between the two countries for decades and that the U.S. has long sought to curtail.

    On Wednesday, Iranian state media published partial details of what it described as an unofficial 14-point draft memorandum of understanding (MOU) underpinning the deal. The reported terms call for Washington to lift its existing naval blockade of Iranian ports, withdraw all American military forces from areas adjacent to Iran’s borders, and restore unimpeded non-military commercial traffic through the Strait of Hormuz. Under the draft, control over vessel management and routing through the strategic waterway would be shifted to a joint oversight of Iran and Oman.

    The Strait of Hormuz is one of the most critical global energy chokepoints: roughly 20 percent of the world’s total crude oil and liquefied natural gas shipments pass through the channel daily. Recent disruptions to traffic through the strait have already sent ripples through global energy markets, disrupting the international fuel trade and pushing up energy prices in many regions.

    The White House rejected the Iranian state media report in a sharp, concise statement Wednesday, dismissing the purported leaked MOU draft as “a complete fabrication.” During a regularly scheduled cabinet meeting the same day, Trump struck a hard line on the negotiations, saying Iran was “negotiating on fumes.” The president also insisted that his current strategy of military pressure against Iran would remain completely unaffected by the upcoming November U.S. midterm elections, adding that he is not yet satisfied with the terms of any proposed deal on the table.

    Late last week, both diplomatic teams had signaled that tangible progress was being made toward a final agreement, sparking widespread speculation that a formal announcement of a ceasefire deal was imminent. That speculation has now been put on hold as both sides await final leadership decisions on the tentative framework.

  • Drag queen Pattie Gonia fights trademark lawsuit by Patagonia

    Drag queen Pattie Gonia fights trademark lawsuit by Patagonia

    A high-stakes legal conflict between iconic outdoor apparel giant Patagonia and prominent queer climate activist and drag performer Pattie Gonia has entered the public spotlight, after the artist broke her months-long silence on the trademark dispute initiated by the company earlier this year.

    Wyn Wiley, the creator behind the viral drag persona Pattie Gonia, has issued a public plea demanding Patagonia abandon its federal lawsuit, which claims her stage name causes irreparable harm to the outdoor brand’s reputation and trademark. For Wiley, the legal action is far more than a corporate trademark dispute: it threatens the very existence of her advocacy platform, her connection to the LGBTQ+ community, and the livelihood of everyone who works to support her climate and queer justice work.

    “If Patagonia wants to celebrate Pride Month this year by taking a queer climate activist to federal court, then I’m here to fight for myself,” Wiley said in a public statement marking her first comments on the January 2025 suit filed in Los Angeles, California. In an open letter addressed to Patagonia’s executive leadership, Wiley highlighted that her work as Pattie Gonia has raised a total of $3.7 million for environmental nonprofits around the world. The drag performer, who has built a following of millions across social media platforms through attention-grabbing charity initiatives including a 160-kilometer cross-country hike done entirely in drag, said the lawsuit amounts to top executives including CEO Ryan Gellert effectively declaring “I must cease to exist.”

    Patagonia, for its part, has defended its legal action, noting that the company did not seek out this public conflict with a figure that shares its core commitment to environmental protection. “The last thing we wanted was a legal fight with someone who shares our values,” a company representative told the BBC, adding that the suit was a necessary step to protect the business and its workforce.

    The legal filing centers on Wiley’s 2024 application to register “Pattie Gonia” as an official trademark, a step that would allow the performer to expand her work from digital advocacy and public speaking to selling branded merchandise and organizing large-scale public events. Patagonia argues that the Pattie Gonia name, and the similar fonts and design elements Wiley has used, violate a prior informal agreement between the performer and the brand, and that the registered trademark would compete directly with the products and environmental advocacy work that form the foundation of Patagonia’s 52-year-old brand.

    The company stressed that its decision to file suit was not rooted in disagreement with Wiley’s values, noting it would have pursued legal action regardless of the performer’s shared commitment to climate action. Patagonia is only seeking a nominal $1 in damages plus coverage of its legal fees, alongside a court order blocking the registration of the Pattie Gonia trademark.

    Founded in 1973 and named for the remote, ecologically rich cross-border region spanning Argentina and Chile in South America, Patagonia has long cultivated a public image as a purpose-driven brand centered on environmental activism and support for LGBTQ+ inclusion, making the conflict during Pride Month particularly notable for observers of corporate advocacy and queer rights.

  • California winery blaze erupts in scorching fireballs

    California winery blaze erupts in scorching fireballs

    A destructive wildfire, marked by towering, scorching fireballs, tore through a portion of one of California’s renowned wine-growing areas this week, leaving charred terrain in its wake. The blaze, which burned across a 5.4-acre stretch of the Livermore Valley wine region, sparked urgent response efforts from local fire crews, who worked quickly to contain the spread of the flames amid warm, dry conditions that are common in California’s fire-prone landscape. As of the latest update from emergency management officials, no people have been reported injured or harmed as a result of the fire, a relief for both local communities and the region’s wine industry, which draws visitors and produces award-winning vintages annually. While the fire damaged vegetation and some undeveloped land in the affected section, authorities have not yet released full details on the extent of damage to vineyards or winery infrastructure, and investigations into the cause of the blaze are still ongoing. Fire officials continue to monitor the site to prevent any re-ignition of hotspots that could spark new growth of the fire as temperatures remain high in the area.

  • Williams in discussions about potential return at Queen’s

    Williams in discussions about potential return at Queen’s

    Four years after what the tennis world assumed was her final competitive match, all-time great Serena Williams is exploring a sensational return to the tour, with early discussions underway for her to compete at next month’s Queen’s Club WTA 500 grass-court event.

    The 44-year-old American, who boasts a record 23 Grand Slam singles titles in the Open Era, has been eligible to return to official competition since February 22, after completing a mandatory six-month spell back in the World Anti-Doping Agency testing pool. No final decision has been made on her participation, and Williams would need a wildcard entry to secure a spot in the doubles draw – an opportunity that appears within reach, as two wildcard spots remain up for grabs for the tournament kicking off on June 8.

    Rumors of a potential pairing first broke on former men’s world No. 1 Andy Roddick’s *Served* podcast, which claimed Williams would partner 19-year-old Canadian rising star Victoria Mboko. BBC Sport has not yet been able to independently verify this pairing report.

    A return at Queen’s Club would come just three weeks before the start of Wimbledon, the most prestigious grass-court tournament where Williams has built an extraordinary legacy: seven singles titles and seven doubles titles, 14 of which came alongside her sister and long-time doubles partner Venus.

    Williams has long rejected the term ‘retirement’, describing her 2022 step away from the sport as ‘evolving away’ from competitive tennis. What was widely billed as her farewell match came at the 2022 US Open, where she fell to Australia’s Ajla Tomljanovic in the third round. That capped a remarkable late career stretch: earlier that same year, she reached the semi-finals of the Australian Open, and her last Grand Slam singles title came at the same Melbourne event back in 2017, when she was 35 years old.

    Speculation about a possible comeback has built for months, fueled by public comments Williams has made about her dramatic recent weight loss. Last year, she told U.S. broadcaster *Today Show* that she had shed 31 pounds (14 kilograms) over eight months, describing her excess weight as ‘an opponent’ that required intense daily training – including five hours of exercise a day spanning running, walking, cycling and stair climbing – plus an adjusted approach to wellness. She declined to name the specific weight loss medication she used, but shortly after those comments she became a spokesperson for Ro, a digital health company that distributes GLP-1 weight loss medications including Wegovy and Zepbound. Her husband, Reddit founder Alexis Ohanian, is also an investor in the firm. In a January 2025 follow-up interview on the *Today Show*, she left the door wide open for a return, saying simply: ‘I’m going to see what happens.’

    The LTA, which governs British tennis, has a long-standing policy of prioritizing domestic players for wildcard entries at UK-based grass-court events. All four singles wildcard spots are widely expected to go to British competitors, but LTA officials have signaled that an exception could be made for Williams in doubles, citing exceptional circumstances.

    ‘Never say never, and not wanting to speak of any one individual player, but you will have seen over recent years that those wildcard opportunities are afforded to British players – that is absolutely my fundamental personal belief and philosophy,’ LTA chief executive Scott Lloyd told reporters in an April briefing. ‘There might be exceptional circumstances which might influence a unique wildcard, but otherwise those playing opportunities we want to afford to British players.’

    Performance director Michael Bourne further hinted that commercial benefits of a Williams appearance could also factor into the decision. ‘It’s also really important to remember that we in the performance team understand that players have to earn that right. We don’t take them for granted. If we didn’t think we had a depth of player where it was right for them to take those opportunities, and there was something else that was good for the business, we would hold our hands up,’ Bourne explained.

    If Williams makes her return, she will follow in the footsteps of her older sister Venus, who has continued playing intermittently on the WTA Tour well into her 40s. Venus, 45, has already competed in seven tournaments in 2025 and reached the US Open women’s doubles quarter-finals last year. For context, Martina Navratilova remains the oldest woman to win a Grand Slam singles match in the Open Era, claiming victory at age 47 in 2004. She even reached the US Open doubles semi-finals in 2005 and won the mixed doubles title a year later, just one month before her 50th birthday, proving that elite tennis success is possible for athletes well into their late 40s.

  • Valve hikes Steam Deck prices by more than 40%, blaming rising costs

    Valve hikes Steam Deck prices by more than 40%, blaming rising costs

    Gaming technology leader Valve has sent shockwaves through the handheld gaming community with a dramatic price increase for its two Steam Deck OLED models, a move that echoes broader cost pressures rippling across the global gaming hardware sector.

    Citing soaring memory and storage component expenses, the company has raised prices by more than 40% across both OLED variants, adding up to nearly £200 to the top-tier model’s retail cost. The mid-range 512GB Steam Deck OLED, the newer upgraded-display handheld that replaced Valve’s original LCD model, will now retail for $789 (£649 / €779) — a 43% jump that adds £170 to its previous price tag. The high-end 1TB model, meanwhile, now costs $949 (£779 / €919), marking a 46% increase of £210.

    In an official blog post announcing the changes, Valve clarified that no hardware upgrades accompanied the price adjustment. The company framed the move as a necessary response to “the current state of component costs and other global logistical challenges across the industry as a whole.” Valve discontinued direct sales of its cheaper original LCD Steam Deck models months ago, meaning consumers purchasing directly from the brand now only have access to the higher-priced OLED lineup, which had already faced extended months-long stock shortages prior to the announcement.

    The news has been met with widespread disappointment from casual and enthusiast gamers alike. “There goes my hopes of ever getting an OLED,” one frustrated gamer posted online in response to the hike. Beyond the immediate impact on Steam Deck customers, the price increase has also fueled speculation about the future of Valve’s highly anticipated unannounced Steam Machine gaming desktop, which still lacks a confirmed release date or official pricing.

    Valve’s latest product launch also stirred division among consumers recently: the company’s reintroduced official Steam Controller, priced at £85, already drew criticism from gamers who deemed the cost too high for the accessory. Industry analysts warn the price pressures that forced the Steam Deck hike could put Valve’s upcoming project in jeopardy. Chris Scullion, deputy editor of industry outlet Video Games Chronicle, told the BBC that spiking RAM costs, a core component in all modern computing devices, means the Steam Machine “could end up being so expensive to manufacture that Valve might even reconsider releasing it at all.” Instead, Scullion suggested Valve could opt to delay launch “until the situation is hopefully resolved.”

    Valve’s price adjustment is far from an isolated incident. The global gaming industry has seen a wave of hardware and subscription price hikes over the past year, with major brands consistently pointing to overlapping economic pressures: rising hardware tariffs, persistent global inflation, and ongoing widespread shortages of RAM, driven in large part by explosive growth in AI-powered data centers, which consume massive volumes of memory chips to operate.

    In March, Sony became one of the first major console makers to announce steep increases, raising PlayStation 5 prices by £90 in the UK and $100 in the U.S., citing “continued pressures in the global economic landscape.” That same month, the company also hiked PlayStation Plus subscription prices across multiple regions, blaming shifting market conditions. More recently, Nintendo confirmed it will raise global prices for its upcoming Switch 2 console starting this September: the device will jump from $449.99 to $499.99 in the U.S., and from €469.99 to €499.99 across most of Europe, with a revised UK price still pending announcement.

    Not all brands have followed the upward price trend, however. Microsoft’s Xbox division bucked the industry pattern recently by cutting prices for its Game Pass subscription service, a move that came at the cost of eliminating day-one launch access for new Call of Duty titles, the franchise Microsoft acquired in its 2023 Activision Blizzard purchase.

    As component costs continue to reshape pricing across the gaming sector, consumers and industry observers alike are watching closely to see how upcoming unannounced hardware launches will be affected by ongoing market volatility.

  • US justice department launches criminal investigation into Trump accuser E Jean Carroll, reports say

    US justice department launches criminal investigation into Trump accuser E Jean Carroll, reports say

    A major new development has emerged in the long-running legal battle between former President Donald Trump and writer E. Jean Carroll, with the U.S. Department of Justice launching a criminal investigation into whether Carroll committed perjury during her high-profile civil cases against Trump, multiple major U.S. media outlets have confirmed. Carroll, a one-time magazine columnist who successfully secured two civil defamation and sexual assault judgements against Trump, is now at the center of a federal probe focused on her testimony about outside funding for her legal actions against the former president.

    The inquiry centers on a 2022 deposition where Carroll stated she had not received any external financial support for her lawsuits against Trump. Court documents filed by Trump’s legal team in 2023 later revealed that Reid Hoffman, co-founder of professional networking platform LinkedIn, had contributed to covering a portion of Carroll’s legal fees and case-related expenses.

    This revelation was already challenged during the appeal process for Carroll’s first successful lawsuit against Trump. In a 2024 ruling, the U.S. Court of Appeals for the Second Circuit found that Carroll had plausibly testified she had forgotten about the limited external funding arranged by her legal counsel, noting that the writer was not personally involved in decisions around who covered her litigation costs. The court upheld the original $5 million judgement against Trump in that first case, which stemmed from a jury finding Trump liable for sexual assault and defamation in 2023.

    That first case centered on Carroll’s allegation that Trump assaulted her in the dressing room of a New York City department store in the mid-1990s. The defamation claim arose from a 2022 Truth Social post where Trump denied the allegation entirely. A second civil trial in 2024 resulted in an additional $83 million defamation judgement against Trump, over comments he made in 2019 claiming Carroll fabricated the assault claim to boost book sales. Trump has repeatedly denied all accusations from Carroll, and has petitioned the U.S. Supreme Court to overturn the first 2023 judgement, with a promise to challenge the second ruling as well.

    According to sources cited by CBS News, the new criminal investigation is being led by the U.S. Attorney’s Office for the Northern District of Illinois. CNN, which first broke news of the probe, noted that while Carroll’s deposition took place in New York, Hoffman’s non-profit organization is based in Chicago, placing the matter within the Northern District of Illinois’ jurisdiction.

    In a notable procedural development, sources confirmed that Acting U.S. Attorney General Todd Blanche, who previously served as Trump’s personal attorney during the appeals of the Carroll cases, has recused himself from the new investigation to avoid a conflict of interest. The BBC has reached out to the DOJ, Carroll’s legal representation, and Hoffman’s non-profit for official comment on the probe, and as of publication no official statements have been released from any of the parties.

    This new investigation comes as Trump, who returned to the presidency in 2025, has repeatedly called for the DOJ to pursue criminal prosecutions against a long list of his political and personal adversaries, a push that has sparked widespread debate over the independence of federal law enforcement in the current political climate.

  • New York mayor wears Arsenal kurta during Eid prayers

    New York mayor wears Arsenal kurta during Eid prayers

    New York City’s trailblazing mayor Zohran Mamdani has blended religious celebration, personal fandom, and casual political relatability into a viral social media moment, turning a traditional holiday outfit into global headline news this week. On Wednesday, the 34-year-old mayor, who made history as New York’s youngest chief executive since 1892, and the city’s first Muslim and Asian-American mayor, attended Eid al-Adha prayers in the Bronx wearing a one-of-a-kind Arsenal-themed kurta, and images of the custom garment quickly spread across digital platforms.

    The loose-fitting traditional tunic draws its design directly from Arsenal’s 2025-26 away kit, featuring the club’s iconic navy and red lightning bolt pattern that has become a fan favorite across the Premier League. Mamdani’s long-running love affair with the North London club stretches back more than two decades: he first became a supporter at age 10, when his uncle gifted him a set of fridge magnets decorated with portraits of club legends including Sylvain Wiltord, David Seaman, Sol Campbell, and Thierry Henry, sparking a lifelong passion that has outlasted transfers, managerial changes, and decades of on-pitch ups and downs.

    Now leading the United States’ largest city, Mamdani celebrated Arsenal’s 2025-26 Premier League title victory with the same unbridled joy as any lifelong fan hailing from the club’s historic home districts of Highbury and Islington. His love of football extends far beyond his devotion to the Gunners, too: the mayor has built a reputation among his social media followers for his encyclopedic knowledge of obscure 1990s professional footballers, a party trick that has endeared him to casual fans online. Beyond his fandom, he also holds a formal stake in the game: he is a shareholder in Spanish second-tier side Real Oviedo, after joining an international 20,000-person share-buying campaign in 2012 that saved the club from imminent bankruptcy.

    Beyond his public displays of fandom, Mamdani has recently made headlines for his pushback against controversial ticketing practices for the upcoming 2026 FIFA World Cup, which will be co-hosted across the United States, Mexico, and Canada. The mayor has been openly critical of FIFA’s dynamic pricing model for tournament tickets, and recently launched a special lottery for 1,000 New York City residents, offering winners the chance to purchase match tickets for just $50 (£37.30) — a price point far below most publicly available options. Demand for the lottery was staggering: the 50,000-person daily entry cap was hit within just three minutes of the program going live. The 2026 tournament will conclude with the final at New Jersey’s MetLife Stadium, home to the NFL’s New York Giants and New York Jets, after kicking off on June 11 and running through July 19 across 16 host cities in three countries.

    With Mamdani’s viral custom Eid outfit now grabbing global attention, football fans are already speculating what kind of celebration the mayor would put on if Arsenal can claim the biggest prize in European club football this weekend. The Gunners are set to face Paris Saint-Germain in the 2026 UEFA Champions League Final, scheduled to kick off at 17:00 BST on May 30 in Budapest, Hungary.

  • Trump boosts prediction markets as his family profits

    Trump boosts prediction markets as his family profits

    On a Tuesday post to his social media platform, former President and 2024 candidate Donald Trump launched a fierce verbal attack on state leaders pushing for regulation of the fast-growing prediction market industry — a sector where members of his own family hold direct financial stakes. In the post, Trump labeled regulators in Illinois, New York and other states pursuing oversight of the platforms as “scum”, and argued that the U.S. Commodity Futures Trading Commission (CFTC) should hold exclusive federal authority over all prediction market rules. Calling the emerging space a “major industry”, Trump emphasized the need for federal protection of the sector, echoing the position staked out earlier this year by CFTC chair Mike Selig, who said the agency would block all state-level restrictions on prediction market operations.

    Critics have widely labeled the Trump administration as one of the most openly corrupt in modern U.S. history, and political opponents immediately seized on the social media post as proof of improper self-dealing. Senator Chris Murphy, a Connecticut Democrat who co-sponsors federal legislation to ban prediction markets from accepting wagers on government actions, called Trump’s comments damning evidence of systemic corruption tied to the industry.

    “Trump and his family are making tons of money off these new prediction markets—and so of course he is leading the charge against consumer protections and for preferential regulatory treatment of his companies,” Murphy explained. The lawmaker’s comments reference clear public ties between the Trump family and the prediction market sector: the New York Times reported one month prior that Trump’s publicly traded media company launched its own proprietary prediction market product in 2025, while Trump’s eldest son, Donald Trump Jr., sits on the advisory board of Polymarket, the world’s largest prediction market platform. Prosecutors have also linked Polymarket to improper, well-timed bets placed by a former U.S. soldier on political events, raising questions about the platform’s vulnerability to exploitation.

    The backlash to Trump’s comments extended quickly to Democratic governors leading states that have moved to crack down on prediction markets, which critics argue are often unregulated gambling operations disguised as financial exchanges to evade state gaming laws. Illinois Governor JB Pritzker responded directly to Trump’s social media post, noting that his state had already moved to ban insider trading tied to online prediction markets. “The most corrupt president in our nation’s history wants to make sure states like ours can’t regulate prediction markets so his family and administration can keep profiting,” Pritzker wrote.

    The conflict over prediction market regulation is already playing out in the federal courts: the Trump administration, which has sidelined federal regulators that raised ethical and legal concerns about the sector, has already filed lawsuits against Illinois and multiple other states over their regulatory efforts. Watchdog groups have joined the fight against the Trump administration’s position, with progressive financial reform organization Better Markets filing an amicus brief this week in support of Tennessee’s regulatory push against major prediction market platforms including Kalshi.

    Dominick Freda, legal director of Better Markets, argued that Congress never authorized the CFTC to act as a national gambling regulator, nor did it intend to legalize widespread unregulated gambling across the U.S. “The CFTC continues to waste its resources and focus on cheerleading these unpoliced, unregulated casinos when it should focus on its real job: regulating the multi-trillion-dollar commodities and derivatives markets,” Freda said. He added that stable commodity and derivatives regulation is critical to protecting American consumers from volatile prices for essential goods ranging from gasoline to groceries, and that state governments have long held the responsibility of regulating gambling to protect the public. “The CFTC should leave gambling regulation to Tennessee and the other states whose laws and regulations have protected the American public for decades, and must be allowed to continue to do so,” Freda concluded.

  • Google worker charged with using internal data to make $1.2m on bets

    Google worker charged with using internal data to make $1.2m on bets

    A 12-year veteran Google information security engineer has been arrested and charged with breaking U.S. insider trading laws, accused of exploiting confidential internal company data to place high-yield bets on the blockchain-based prediction platform Polymarket and net more than $1 million in illegal profits. Prosecutors from the U.S. Attorney’s Office for the Southern District of New York announced the charges against Michele Spagnuolo, an Italian citizen residing in Switzerland, who was taken into custody this week and appeared before a New York federal magistrate following his arrest.

    Court documents outline a scheme that began in 2024, when Spagnuolo started placing bets tied directly to unannounced Google outcomes on Polymarket, a prediction market that exclusively accepts cryptocurrency and operates on transparent blockchain infrastructure. Between October and December 2024, prosecutors allege Spagnuolo wagered a total of $2.7 million on Google-related events, leveraging early access to internal company data he obtained through his employment at the U.S.-based tech giant. His largest single win came from a high-risk bet on the 2025 Google Year in Search results, which had not yet been made public. Prosecutors say Spagnuolo correctly predicted the final rankings of the platform’s most-searched person category: he bet against high-profile candidates including Bianca Censori and former President Donald Trump, and placed a large wager on little-known musician D4vd to claim the top spot at odds that were near zero. At the time he placed the bet in November, Spagnuolo already knew D4vd held the top ranking because he had accessed the internal search data weeks before its public release. D4vd, the musician in question, is currently incarcerated facing charges for the alleged murder of a teenage girl.

    The investigation, a joint effort between the U.S. Attorney’s Office and the Federal Bureau of Investigation, was able to trace the illegal activity back to Spagnuolo despite his attempts to conceal his identity. He operated under the account name AlphaRaccoon and spread his funds across multiple cryptocurrency wallets, but investigators linked the account to him after finding one wallet registered with his Italian national identification card. Following his arrest, Spagnuolo was released on a $2.25 million bond, and has not yet responded to requests for comment on the charges against him.

    Google confirmed Wednesday that the engineer has been placed on administrative leave, and that the company is cooperating fully with law enforcement’s ongoing investigation. A company spokesperson noted that the confidential marketing data Spagnuolo is accused of accessing was available through a tool accessible to all Google employees, but that using private internal information for personal financial gain constitutes a severe violation of the company’s internal policies.

    Polymarket also confirmed that it has collaborated closely with authorities throughout the investigation, pointing to the inherent transparency of blockchain-based trading as a key factor that helped investigators trace the illegal activity. “Blockchain trading is transparent, traceable, and bad actors leave footprints,” a Polymarket spokesperson said. The case marks one of the first high-profile insider trading prosecutions tied to prediction markets, highlighting growing regulatory scrutiny of unregulated crypto-based platforms that facilitate trading on real-world events.

  • US carries out new strikes on Iran military site

    US carries out new strikes on Iran military site

    Escalating military tensions in the Middle East have taken a fresh turn, after the United States military launched targeted strikes against an Iranian military installation near Bandar Abbas, a strategically critical port city that overlooks the Strait of Hormuz, the world’s most vital energy shipping chokepoint.

    US Central Command (Centcom), the military body overseeing American operations across the Middle East, confirmed that alongside the ground strike, its forces intercepted and destroyed four one-way attack drones launched by Iran that it said presented an active threat to shipping and military assets in the Strait of Hormuz area. The strike on the Bandar Abbas ground control station was timed to disrupt the launch of a fifth drone, Centcom said. Local Iranian media reported hearing multiple loud explosions east of the city, though no immediate official casualty or damage reports have been released from Tehran.

    The new military action comes at a delicate moment: a shaky, unenforced ceasefire has been in place between Washington and Tehran, while slow-moving negotiations drag on to end a three-month war that has crippled commercial shipping through the Strait of Hormuz and sent global energy prices soaring to multi-month highs. Centcom has framed its latest operations as “measured, purely defensive, and intended to preserve the existing ceasefire” rather than escalate conflict.

    Speaking during a White House cabinet meeting on Wednesday, US President Donald Trump doubled down on his administration’s negotiating posture, saying Iran was “negotiating on fumes” and insisting that his war strategy would remain unchanged regardless of the upcoming November midterm elections. “Maybe we have to go back and finish it, maybe we don’t,” Trump told reporters, adding that the United States remains “not satisfied” with the progress of talks – a shift from his optimistic tone over the weekend, when he claimed a peace deal with Iran had been “largely negotiated.”

    Trump also used the meeting to press Gulf Cooperation Council nations to join the Abraham Accords, the US-brokered framework normalizing diplomatic relations with Israel. Israel joined the US in launching the current conflict against Iran on February 28, and is simultaneously engaged in a separate active war with Iranian-backed Hezbollah militant group in Lebanon. The president has issued repeated threats to reinitiate large-scale bombing campaigns across Iran if Tehran refuses to accept US negotiating terms.

    This is the second round of US strikes on Iranian soil in a single week. Earlier this week, Centcom confirmed a prior set of what it called “self-defense” strikes targeting southern Iran on Monday, which hit Iranian missile facilities and small boats that American officials said were preparing to lay naval mines in the region. Those strikes, Centcom said, were carried out to protect American troop assets from imminent threats posed by Iranian military forces.

    Tehran has rejected Washington’s framing of the strikes, condemning both rounds as “a grave violation of the ceasefire” and vowing that it “will not leave any act of hostility unanswered.” Iran’s Islamic Revolutionary Guard Corps (IRGC), the country’s elite ideological military force, said Tuesday it had shot down an American drone and opened fire on a US fighter jet and a second unmanned aerial vehicle that penetrated Iranian sovereign airspace, though the statement did not specify a date for the alleged incident. The IRGC reaffirmed that Iran retains the “legitimate and definite” right to launch reciprocal retaliation for any US violation of the existing ceasefire agreement.