Nightly News
Nation
Spokane Wildfires Now 8,000+ Acres, Zero Containment -- 600 Structures Destroyed, 60,000 Evacuated; Arson Suspect Arrested; Gov. Ferguson Declares Statewide Emergency
Three wildfires ringing north Spokane have burned more than 8,000 acres and destroyed at least 600 structures, forcing roughly 60,000 evacuations with no containment as of Tuesday morning; a suspect was arrested in connection with one blaze and Governor Bob Ferguson declared a statewide emergency banning most outdoor burning through September 30.
Sources: NPR · OPB · FOX 13 Seattle · Columbia Basin Herald · KHQ
Michigan Primary Day: El-Sayed vs. Stevens Democratic Senate Race Is Cycle's Top Bellwether -- Five States Voting; Winner Faces Republican Mike Rogers in November
Michigan voters head to the polls Tuesday in the most-watched Democratic primary of the cycle, pitting progressive physician Abdul El-Sayed against establishment-backed Rep. Haley Stevens for the open Gary Peters seat; the winner faces Republican Mike Rogers in a battleground race that could help decide Senate control.
Sources: NPR · Washington Post · 270toWin · ABC News
25 Democratic-Led States Sue Trump Administration Over Tariffs -- Medicaid Work Requirements Omit Homeless, Drawing Legal Fire; Todd Blanche on Track for AG Confirmation
A 25-state coalition filed suit against the Trump administration's tariff regime Tuesday; federal Medicaid work-requirement exemptions conspicuously exclude homeless people despite long-standing assurances they would be protected; and acting AG Todd Blanche appears on track for Senate confirmation.
Sources: Democracy Now! · NPR · AP
World
Iran and Oman Close In on Hormuz Deal -- Trade Vessel Struck by Projectile in Strait Tuesday Amid Active Talks; Oil Companies Post Soaring War Profits
Mediators in Oman and Tehran are described as near-final on a new Hormuz corridor agreement, but a projectile strike on a commercial vessel in the strait Tuesday added uncertainty; major oil companies separately reported surging profits tied to the U.S.-Iran conflict period.
Sources: Democracy Now! · Fox News · Al Jazeera
S&P 500 and Dow Close at Fresh Records -- Palantir Surges 29% on Blowout Earnings; Nasdaq Gains 2.6%; Oil Falls 5% on Hormuz Optimism
U.S. equities extended their rally to new record closes Tuesday -- S&P 500 at 7,736 and Dow up 907 points -- powered by Palantir's earnings blowout and a 5% drop in WTI crude on Hormuz deal optimism; the Philadelphia Semiconductor index surged 6.7%.
Sources: Bloomberg · CNBC · Yahoo Finance
Russia and Ukraine Exchange Drone Strikes, Killing Civilians -- Europe Battles Record Heat Wave and Wildfires; Mass Funeral Held for 112 Palestinians in Gaza
Russia and Ukraine conducted fresh cross-border drone strikes killing civilians on both sides; Europe's ongoing record-breaking heat wave is driving new wildfire outbreaks across multiple countries; and a mass funeral in Gaza honored 112 Palestinians killed in recent fighting.
Sources: Democracy Now! · AP · Al Jazeera
Technology
SpaceX Debuts as Public Company With $7.81B Q2 Revenue, Beating Estimates -- Starlink Only Profitable Segment; AI Unit Lost $1.26B; SPCX Falls After Hours on CapEx Concerns
SpaceX's first-ever earnings report showed Q2 revenue of $7.81 billion -- beating the $6.93 billion consensus -- with Starlink generating $4.29 billion in revenue and $1.66 billion in operating profit as the only profitable segment; the AI infrastructure unit lost $1.26 billion and shares slipped after hours as heavy capital expenditure raised cash-burn concerns.
Sources: CNBC · Reuters · BingX
AMD Posts Record $11.54B Q2 Revenue, Up 50% Year-Over-Year -- Data Center Doubled, Representing 58% of Sales; Stock Drops ~9% After Hours on Margin and Guidance Concerns
AMD beat estimates on both lines with record Q2 revenue of $11.54 billion and adjusted EPS of $1.66, with data center revenue more than doubling year-over-year; the stock fell roughly 9% after hours as investors focused on 54% gross margins and the pace of the second-half Helios GPU ramp.
Sources: AMD IR · TheStreet · 24/7 Wall St.
House Committees Subpoena DoorDash Over Use of Chinese AI Model Kimi K2.6 -- Expanding Investigation That Already Targeted Cursor and Airbnb
The House Select Committee on China and the Homeland Security Committee subpoenaed DoorDash for documents on its use of Moonshot AI's Kimi K2.6, citing co-founder Andy Fang's posts about delegating tasks to the Chinese model over cost and performance advantages.
Sources: CNBC · QZ · China Select Committee
Patriot Interceptor Production Can't Keep Pace With Russia-Iran Missile Fire Rates -- U.S. and Allies Face Growing Stockpile Deficit Across Multiple Active Fronts
Russia and Iran are firing ballistic missiles at rates far exceeding current Patriot interceptor production capacity, creating a widening defense stockpile deficit as Ukraine, Israel, and Gulf partners all draw simultaneously on shared U.S. and allied inventories.
Sources: NPR
Business & Markets
Palantir Q2 Revenue Surges 93% to $1.94B, Smashes Estimates -- U.S. Commercial Revenue Up 149%; Full-Year Outlook Raised; Stock Jumps 29% Tuesday
Palantir reported Q2 revenue of $1.94 billion -- up 93% year-over-year -- with U.S. commercial revenue soaring 149% to $764 million and remaining deal value more than doubling to $6.24 billion; the company raised its full-year U.S. commercial revenue outlook to over $3.42 billion and shares closed up 29%.
Sources: CNBC · Public.com
Disney Q3 Earnings Wednesday Before Open -- Analysts Expect $25.5B Revenue, $1.88 EPS; Summer Parks Performance and ESPN DTC Ramp Are Key Watch Items
Disney reports fiscal Q3 2026 results Wednesday morning before the bell, with Wall Street projecting $25.5 billion in revenue and $1.88 adjusted EPS; focus will be on summer parks performance following a record Q2 and the pace of ESPN's direct-to-consumer subscriber ramp under new CEO Josh D'Amaro.
Sources: Disney IR · Yahoo Finance · Zacks
Amazon Closes Above $3 Trillion Market Cap for First Time -- Caterpillar Leads Dow to Intraday Record High; NJ Files Antitrust Suit Against Amazon Over Delivery Contractors
Amazon crossed $3 trillion in market capitalization for the first time Tuesday as Caterpillar's 6% surge led the Dow to an intraday record; separately, New Jersey filed an antitrust suit against Amazon alleging it illegally leveraged market power over independent delivery service contractors.
Sources: CNBC · Investrade
Chipotle Pulls Jalapeños in Minnesota After Possible Salmonella Link -- Stock Falls 8%; July Jobs Report Due Friday; September Fed Rate Cut Odds in Focus
Chipotle temporarily removed jalapeños from Minnesota restaurants after a possible salmonella link surfaced, sending the stock down about 8% intraday; investors also look to Friday's July nonfarm payrolls report as the key data point ahead of a potential September Federal Reserve rate cut.
Sources: Bloomberg · TheStreet
Science & Health
Blood Biomarker p-tau217 May Flag Alzheimer's Risk Years Before Symptoms -- Large International Study Points to Preventive Intervention Window in Cognitively Healthy Adults
A large international study finds that very high p-tau217 blood levels may reliably identify cognitively healthy adults at elevated Alzheimer's risk before any symptoms appear, potentially opening a years-long window for preventive intervention.
Sources: SciTechDaily
SuperAgers' Exceptional Memories May Stem From Active Brain Protection, Not Just Lucky Genes -- Researchers Say Mechanism Goes Beyond Avoiding Alzheimer's Risk Variants
Researchers find that SuperAgers -- adults over 80 with exceptional memory -- may retain cognitive function not merely by avoiding Alzheimer's-linked genes but through active biological mechanisms that slow or offset neurodegeneration independent of genetics.
Sources: SciTechDaily
Eating Less Protein May Slow Aging, Major Review Finds -- 350-Study Analysis Finds Lower Intake Reduces Inflammation and Activates Longevity Pathways
A sweeping review of more than 350 studies suggests the high-protein diet trend is oversold for many people; lower protein intake appears to reduce inflammation and cellular damage while activating metabolic pathways associated with healthier aging and longer lifespan.
Sources: ScienceDaily
Sports
Post-Deadline MLB Begins -- Red Sox Host White Sox With Rutschman; Yankees Play Cards After Five Newly Acquired Players Combined for Five Home Runs in Monday Debut
Tuesday's MLB slate kicks off the post-deadline era, with Boston debuting Adley Rutschman against Chicago and the Yankees hosting St. Louis a night after five newly acquired players -- including Luis García Jr. -- homered in a rout of the Cardinals.
Sources: NBC Sports · ESPN · MLB.com
NFL Training Camps in Full Swing -- Cowboys, Texans Enter Padded Practice Period; Texans' Pitre Named First-Ever Guardian Cap Athlete; Regular Season Opens September 10
All 32 NFL teams are in training camp with several entering padded practice this week; Houston Texans safety Jalen Pitre was named the first NFL Guardian Cap athlete in league history as the league previews enhanced player safety equipment ahead of the September 10 opener.
Sources: NFL Network · Fox News
Mavericks Exploring Klay Thompson Trade -- Chris Bosh Warns Wembanyama on Blood Clot Risk After NBA Great's Near-Death Scare; Larry Berg Named MLS Commissioner
Dallas is reportedly exploring trade options for Klay Thompson, who is said to be open to an LA move; Chris Bosh publicly shared advice for Victor Wembanyama on managing blood clot risk; and LAFC co-owner Larry Berg was appointed the next MLS commissioner.
Sources: NBC Sports · Fox News
Entertainment
Disney Q3 Earnings Wednesday -- Parks Summer Results, ESPN DTC Subscriber Ramp, and Streaming Margin Trajectory the Key Investor Watch Items
Disney's fiscal Q3 report Wednesday morning will provide the first look at summer parks performance following a record Q2, alongside the pace of ESPN's direct-to-consumer ramp and whether streaming operating margins hold above the 10% milestone reached last quarter under new CEO Josh D'Amaro.
Sources: Chip and Company · Disney IR · Laughing Place
2026 Domestic Box Office Tracks 15% Above 2025 at $6.2B YTD -- Universal Crosses $4B Global; Nolan's "The Odyssey" Closing In on $1B Worldwide in Week Four
The domestic box office is running 15% ahead of last year at roughly $6.2 billion through early August, with Universal becoming the first studio to top $4 billion globally in 2026; Christopher Nolan's The Odyssey is approaching $1 billion worldwide as summer enters a historically softer stretch.
Sources: Hollywood Reporter · Deadline
Paramount Agrees to Delay Warner Bros. Discovery Acquisition Until June 1, 2027 at the Latest -- Regulatory Review and Deal Complexity Extend Timeline
Paramount Skydance has agreed to push the closing deadline for its Warner Bros. Discovery acquisition to no later than June 1, 2027, as regulatory review and deal complexity require additional time to resolve before the merger can be finalized.
Sources: CNBC
Weather
National Outlook: Southwest Heat Dome Expands Into Intermountain West and High Plains Through Weekend -- Las Vegas and Phoenix Near 115°F; Severe Storm Risk Upper Mississippi Valley; Heavy Rain Threat Gulf and Carolina Coasts
A strong upper-level ridge will push the ongoing Southwest heat wave into the Intermountain West and High Plains through the weekend, with Las Vegas and Phoenix forecast near 115°F; a slight severe thunderstorm risk extends across the Upper Mississippi Valley while excessive rainfall threatens the Carolina coast and eastern Gulf of Florida.
Sources: NWS WPC · Weather.com · NOAA
DFW: Heat Indices 100--108°F Through Mid-Week -- Dry Pattern Persists; Isolated Storm Chances Return Late Week; Practice Heat Safety
Dallas--Fort Worth faces heat indices between 100 and 108°F through mid-week under a persistent dry, high-pressure pattern, with a gradual shift late in the week expected to return isolated storm chances to the region.
Sources: NWS Fort Worth · AccuWeather
Coming Up
This Week Ahead: Disney Q3 Earnings Wednesday Aug. 5 Before Open · Michigan Primary Results Tonight · SpaceX Insider Lock-Up Expiration Thursday Aug. 6 -- Up to 911M Shares Eligible · July Jobs Report Friday Aug. 8 · Iran-Oman Hormuz Corridor Deal Expected "Imminently"
Disney reports Q3 Wednesday morning; Michigan primary results arrive tonight; SpaceX's massive insider lock-up expiration hits Thursday with up to 911 million shares eligible for sale; July jobs report lands Friday and is watched for September Fed rate cut timing as Hormuz corridor talks near conclusion.
Sources: Daily Tech Reader