Ornn, a startup backed by Andreessen Horowitz, raised $33 million to create a marketplace where computing power—used in AI—can be traded like a commodity such as oil. The company aims to help investors and AI firms manage the costs of computing by offering ways to buy, sell, and hedge computing power more efficiently.
Key Facts
Ornn raised $33 million in a seed funding round.
The startup wants to build a market for trading AI computing power similar to commodity markets.
Commodity markets help companies lock in prices for materials like oil or metals to reduce financial risk.
Currently, AI companies mostly secure computing power through long-term purchase agreements.
Goldman Sachs estimates $7.6 trillion will be spent globally on computing and data centers from 2026 to 2031.
Computing power differs from traditional commodities because it cannot be stored and loses value as new technology appears.
Ornn’s platform helps lenders benchmark prices and lets buyers and sellers hedge against price changes.
Futures contracts for compute power are planned by major exchanges but still need regulatory approval.
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Prosecutors in Utah are presenting evidence to decide if Tyler Robinson will stand trial for the fatal shooting of conservative activist Charlie Kirk. Robinson faces multiple serious charges, and prosecutors plan to seek the death penalty if the case goes to trial.
Key Facts
Tyler James Robinson, 23, is accused of killing Charlie Kirk at an outdoor rally in September 2025.
The shooting occurred at Utah Valley University during Kirk’s "The American Comeback Tour."
Kirk was hit by a single bullet to the neck and later died at a hospital.
Robinson is charged with aggravated murder and several related crimes, including witness tampering.
A preliminary hearing is being held to determine if there is enough evidence for a trial.
Prosecutors want the death penalty if Robinson is tried and convicted.
Robinson surrendered after a manhunt when his father recognized him from photos.
Charlie Kirk was a conservative activist and ally of President Donald Trump.
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President Donald Trump shared a meme mocking Italian Prime Minister Giorgia Meloni, continuing a recent public disagreement between the two leaders. The dispute began after Trump claimed Meloni begged him for a photo at the G7 summit, which Meloni strongly denied, leading to diplomatic tensions ahead of an upcoming NATO meeting.
Key Facts
President Trump posted a meme on Truth Social joking that Meloni needs a “Restraining Order” due to her eagerness to get his attention.
The conflict started after the 51st G7 summit when Trump said Meloni begged him for a photo, a claim she rejected as false.
Italy’s foreign minister canceled a planned U.S. visit in protest of Trump’s comments.
Meloni accused Trump of treating allies harshly and defended her country’s interests.
Trump criticized Meloni’s popularity and Italy’s stance on U.S. military actions against Iran.
Meloni responded that her popularity is not Trump’s concern and reaffirmed her national duties.
Polls show Meloni remains popular in Italy despite some decline, while Trump’s approval in the U.S. is divided.
Both leaders have roughly similar favorability ratings in their home countries, with Meloni slightly ahead in job approval polls.
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President Donald Trump is traveling to Turkey to attend the NATO summit in Ankara, where leaders will discuss defense spending and alliance commitments. Trump has been critical of some NATO members for not spending enough on defense and has questioned the value of the alliance during the ongoing conflict with Iran.
Key Facts
The NATO summit takes place on July 7-8, 2026, at the Beştepe Presidential Compound in Ankara, Turkey.
NATO Secretary General Mark Rutte will chair the summit.
President Trump will have meetings with Turkey’s President Erdogan and Ukraine’s President Zelenskyy during the summit.
NATO allies have agreed to spend 2% of their GDP on defense, with some countries like Poland and Nordic states meeting or exceeding this target.
Germany plans to reach the 5% defense spending target by 2029, while many other allies are behind in meeting the 2% goal.
Trump has criticized NATO members for not sharing defense costs equally and suggested reconsidering the U.S. membership in NATO.
The United States spends more on defense than any other NATO member due to its large overall defense budget.
The alliance requires members to spend on their own national defense, not directly on NATO as an organization.
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The Scandola Nature Reserve in Corsica, a protected area recognized by UNESCO, is seeing more tourists because of its beautiful land and sea life. Officials are working to protect the rare animals and fragile environment while managing the increase in visitors.
Key Facts
Scandola Nature Reserve is located off the coast of Corsica.
It is listed as a UNESCO World Heritage site.
The area is known for dramatic landscapes and diverse marine life.
Tourism to the reserve is growing from visitors worldwide.
Increased tourism poses challenges to protecting wildlife and the marine ecosystem.
Efforts are underway to find a balance between conservation and tourism.
The reserve’s ecosystem is described as fragile, needing careful protection.
The news report was produced by France 2 and FRANCE 24 journalists.
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A man in Florida named Derion Blackman delayed getting important heart medicines after switching to a cheaper health insurance plan. This delay contributed to his health worsening, causing him to collapse and eventually die. The article explains how changing health plans can create problems for patients who need steady access to medications.
Key Facts
Derion Blackman had a heart transplant two years before and needed daily antirejection medicines.
The family switched from a Federal Employees Health Benefits plan to CHAMPVA to save money because costs had increased.
CHAMPVA has no monthly premium but a high $3,000 deductible.
After switching, Blackman faced problems getting approval for his medicines and ran out about a month into the new plan.
Missing antirejection drugs can cause serious heart problems.
Health insurance systems in the U.S. are complicated, with different rules for each plan causing delays when people switch.
The Trump administration made some changes to reduce paperwork but issues remain.
Rising insurance costs and changes to subsidies and Medicaid rules are making it harder for many people to keep consistent care.
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The UK is installing electric vehicle (EV) chargers more slowly due to higher costs and unclear government goals. The number of public chargers increased by 10% in early 2026, but this is much slower than previous years. The government may lower its target for EV sales, which has caused uncertainty for investors and the charging industry.
Key Facts
UK installed 5,100 public EV chargers in the first half of 2026, reaching 121,171 total chargers.
Charger growth was 10% year-on-year, down from over 40% in 2024.
The UK government aims for 300,000 public chargers by 2030.
Over 2 million electric vehicles are on UK roads as of April 2026.
Car makers and industry groups want the government to reduce strict EV sales targets (ZEV mandate).
The Labour government added “flexibilities” allowing more petrol car sales and is considering lowering the EV sales target from 80% to 50% by 2030.
Ultra-rapid chargers grew by 37% and are mostly located on motorways for quick charging.
Investor confidence is wavering due to ongoing changes and debates about the government’s EV policies.
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A large wildfire in southwestern France has burned about 4,600 hectares of forest and forced 10,000 people to leave their homes. Authorities say strong winds are making the fire worse, and emergency teams are working to control it while making changes to nearby events like the Tour de France.
Key Facts
The wildfire is in the Aspres region near the Spanish border.
About 10,000 people from two dozen small towns and villages were evacuated.
The fire has burned around 4,600 hectares of forest in the French Pyrénées foothills.
Strong winds on July 6, 2026, are expected to make the fire spread more.
The Tour de France stage near the fire is closed to the public, and team vehicles will be limited.
In Spain, the fire burned 2,200 hectares mostly in a protected area but is now stable.
A man in Catalonia was arrested, suspected of causing the fire by using a power tool near the road.
Another wildfire in eastern Spain forced 500 people to evacuate a national park with cork oak trees.
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Tim Steiner, co-founder and CEO of Ocado, will step down as CEO in 2028 but remain with the company in a founder role until 2029. Ocado supplies automated warehouse technology and operates an online grocery service in the UK. The company has faced financial challenges, share price drops, and job cuts, but is planning for future leadership changes.
Key Facts
Tim Steiner co-founded Ocado in 2000 and is currently its CEO.
Steiner will leave the CEO position in December 2027 (start of 2028 financial year) but continue advising until 2029.
Ocado provides robots and technology to automate grocery warehouse packing.
The company runs a UK online grocery service with Marks & Spencer.
Ocado’s shares have lost over 50% of their value in the past year.
Ocado is cutting 1,000 jobs to reduce costs.
North American partners Kroger and Sobeys closed robotic warehouses due to lower-than-expected demand.
There has been leadership tension and investor unrest, but Steiner remains focused on company growth.
Steiner owns 2.35% of Ocado and has earned nearly £100 million since the company's 2010 stock market listing.
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Deadly fights happened inside a prison near Colombo, Sri Lanka. At least 25 people died and over 100 were hurt during the unrest that started on Sunday and lasted into Monday.
Key Facts
The clashes took place at a prison in Negombo, about 35 kilometers north of Colombo.
Local TV reported 25 deaths and more than 100 injuries among inmates and prison staff.
Police confirmed deaths happened but gave no detailed information.
The cause of the violence is not yet known.
Over 100 injured people were admitted to the main local hospital.
Sri Lankan prisons are very crowded, holding over 39,000 inmates while designed for about 10,000.
The hospital official spoke anonymously as they were not allowed to give official statements.
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Russian forces attacked Kyiv overnight with missiles and drones, killing at least 14 people and injuring dozens. Ukrainian officials said many of the missiles and drones were destroyed before hitting targets, but some caused damage in the city and surrounding region.
Key Facts
Russia launched 68 missiles and 351 drones into Ukraine overnight.
Ukrainian forces intercepted 37 missiles and 326 drones.
The strikes damaged 34 locations, mostly in Kyiv.
At least 11 people died and 46 were injured in Kyiv; 3 more died and 26 were injured in the surrounding region.
Kyiv Mayor Vitali Klitschko reported damage in several city districts.
Ukrainian President Zelenskyy called for more anti-missile weapons from the U.S. and Europe.
Russia said the attack targeted military, industrial, and energy sites.
Ukraine claims many drones were shot down by its forces overnight.
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Nigel Farage is being investigated for not declaring a £5 million donation from a convicted crypto entrepreneur. Farage said he followed the rules and called the investigation an attack by the “establishment.” A former parliamentary official warned that Farage’s criticism of the investigation could lead to a harsher punishment if he is found guilty.
Key Facts
Nigel Farage did not declare a £5 million donation from crypto billionaire Christopher Harborne.
Harborne is a convicted fraudster in the crypto business.
Parliamentary standards commissioner Daniel Greenberg is investigating Farage’s failure to declare the donation.
Farage responded by calling the investigation an “establishment hit job.”
Farage said he followed the rules and may take legal action against The Sunday Times, which reported on the issue.
Harriet Harman, former chair of the Commons standards committee, said attacking the investigation could worsen Farage’s punishment.
Harman said MPs who cooperate with investigations and acknowledge rules are treated more leniently.
Labour leader Keir Starmer is planning to resign as Prime Minister soon amid political shifts involving Nigel Farage and the Reform UK party.
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The government of Punjab, a state in India where Sikhs form the majority, passed a new law in April to impose tougher punishments for crimes that disrespect the Sikh holy scripture, the Guru Granth Sahib. The law has caused controversy because the Akal Takht, the highest Sikh religious authority, says it interferes with religious matters and was passed without their consultation.
Key Facts
Punjab’s new law defines sacrilege against the Guru Granth Sahib, including burning, tearing, theft, or insulting the scripture.
Offenses under the law are serious, with prison sentences from seven to 20 years and fines up to one million rupees (about $21,000).
Police can arrest suspects without a warrant, and bail is more difficult to get.
The law also sets rules on how the Guru Granth Sahib should be handled and managed, which the Akal Takht opposes.
The Akal Takht argues the law affects religious decisions that should be made only by Sikh authorities.
Punjab has tried twice before to pass similar laws with harsher punishments for sacrilege but was blocked for constitutional reasons.
The issue of sacrilege is highly sensitive in Punjab, with past incidents leading to protests and political changes.
Punjab’s current Chief Minister Bhagwant Mann supports the law and refuses to withdraw it.
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Clashes at a prison in Negombo, Sri Lanka, killed at least 19 people and injured over 100. The violence involved inmates and prison guards and lasted from Sunday into Monday.
Key Facts
At least 19 people died in the prison clashes.
More than 100 inmates were injured and taken to the hospital.
Four prison guards and 15 inmates were among the dead.
The prison is located in Negombo, about 35 km north of Colombo, Sri Lanka’s capital.
The violence started on Sunday and continued into Monday.
Police confirmed the clashes and deaths but did not give more details.
The cause of the fighting is not yet known.
Local TV reported about 20 deaths, slightly higher than official figures.
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Prince Harry will stay at Buckingham Palace during his visit to the U.K. but will not be accompanied by Meghan Markle or their children. Meghan and the children might still visit the U.K. but will not join the London part of the trip related to the Invictus Games.
Key Facts
Prince Harry accepted King Charles III's offer to stay at Buckingham Palace.
Meghan Markle, Prince Archie, and Princess Lilibet will not stay at the palace with him.
Meghan and the children may still visit the U.K. on other occasions.
The London part of the trip focuses on events for the Invictus Games in Birmingham in 2027.
The Sussex family had plans to stay both in private homes and royal residences.
The information comes from Newsweek's royal correspondent.
The story is still developing and may have updates later.
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Security camera footage shows an Israeli soldier throwing a stun grenade into a car with young Palestinians during a raid in the Qalandiya refugee camp in the West Bank. The soldier then appears to close the car door as the grenade explodes inside.
Key Facts
The incident took place during a raid in the Qalandiya refugee camp.
The location is in the occupied West Bank.
A stun grenade was thrown into a car carrying young Palestinians.
The grenade is a non-lethal explosive used to disorient people.
The soldier is seen closing the car door after throwing the grenade.
The event was captured on a security camera.
The footage shows interaction between Israeli soldiers and Palestinian civilians during the raid.
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Israel used a digital military system called Tzayad to identify about 1,000 possible enemy targets per day during the wars in Gaza and Lebanon from October 2023 to the end of 2025. According to Elbit Systems, the company that supplies this system, it detected around 850,000 targets in real time across different battle areas during this time.
Key Facts
Israel’s Tzayad system tracked roughly 1,000 potential targets daily during the first two years of conflicts in Gaza and Lebanon.
The total number of detected targets was about 850,000 between October 7, 2023, and the end of 2025.
Targets included people, vehicles, and objects that could be attacked from land, sea, or air.
Elbit Systems presented these figures at a military conference in London, where senior British and NATO military officials also attended.
An Elbit spokesperson said the 850,000 figure reflects overall system activity and data, not only confirmed enemy targets or attacks.
Experts raised concerns about the large number of potential targets and the challenge of verifying the accuracy and legality of each one.
The conflict has caused heavy damage and displacement, including in Gaza and southern Lebanon.
Elbit Systems is developing the Tzayad system further to use artificial intelligence to help military decision-making.
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NATO is holding an important summit in Ankara amid tensions about defense spending and the U.S. military presence in Europe. European leaders have increased their defense budgets, but the U.S. has not clearly stated how many troops it might withdraw from the continent, causing uncertainty among allies.
Key Facts
NATO members agreed to increase their defense spending, with Europe and Canada spending nearly 20% more in 2025 than in 2024.
NATO Secretary General Mark Rutte visited President Trump to highlight the $1.2 trillion added to defense since Trump took office.
The Ankara Summit is expected to address U.S. troop levels in Europe, though the U.S. may not provide clear answers.
Some NATO countries have surpassed spending targets, while others lag behind, causing tension within the alliance.
The U.S. argues Europe has relied on American military support for decades, leading to complaints about unfair spending.
President Trump has publicly criticized NATO, calling the alliance one-sided and suggesting it is not benefiting the U.S. enough.
Discussions may include Europe's defense industry and Ukraine’s future security situation.
The summit will test the unity and future role of NATO after nearly 80 years of existence.
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Super Typhoon Bavi hit United States islands in the western Pacific, including the Northern Mariana Islands and Guam. The storm brought very strong winds and heavy rain, causing major damage and forcing residents to take shelter.
Key Facts
Super Typhoon Bavi made landfall near Guam, especially affecting the island of Rota.
Winds reached over 150 mph (241 km/h), like a category-five hurricane.
The storm moved slowly westward toward the Philippines at about 9 mph (14 km/h).
Authorities warned people to seek shelter immediately, treating the winds like a tornado threat.
The Northern Mariana Islands and Guam have about 210,000 residents combined.
Reports of major damage came from Rota, but full impact details are unclear due to poor communication.
Flood and typhoon warnings were active for several islands, including Guam, Tinian, and Saipan.
The storm could bring up to 20 inches (51 cm) of rain and last through Monday night.
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Prince Harry has accepted an invitation to stay at Buckingham Palace during his visit to London this week. He will be in the UK to attend the Invictus Games in Birmingham and participate in charity events.
Key Facts
Prince Harry will stay at Buckingham Palace for part of his UK trip.
The visit is confirmed by a spokesperson for the Duke of Sussex.
His trip includes attending the Invictus Games in Birmingham.
Prince Harry will also take part in several charity events during the visit.
The visit is scheduled for this week in London.
More details about the visit will be provided later.
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