Iranians vote in snap presidential elections.
As of this writing, hard-liner Saeed Jalili is in the lead, followed by reformist Masoud Pezeshkian. Both candidates are still short of the votes needed to avoid a potential July 5 runoff election. A candidate must secure more than 50% of the votes to win. A total of four candidates are vying for the presidency following former President Ebrahim Raisi's fatal helicopter crash.
Iowa Supreme Court rules in favor of six-week abortion ban.
The court's 4-3 ruling dismissed a challenge to a new Iowa law that bans most abortions after six weeks of pregnancy and directed a lower court to dissolve a temporary injunction as court proceedings continue. Before the latest law, Iowa had banned abortions after 20 weeks of pregnancy. The six-week ban will take effect in three weeks. See an overview of state abortion laws here.
Bolivia detains four more military officers tied to failed coup.
The number of people arrested in connection with Wednesday's failed attempt to overthrow the government of President Luis Arce has risen to 21. Those arrested include the Bolivian army's commanding general, Juan José Zúñiga, who allegedly led the coup attempt. Zúñiga claims he was following a scheme hatched by Arce to boost his popularity; Arce has denied the accusations.
Nike shares fall 20% after weaker full-year forecast.
The drop in Nike's shares is the largest daily decline on record and erased roughly $28B in market value. The drop comes after the footwear company announced it expects sales to fall 10% in the current quarter amid softer sales in China. Analysts had forecast a 3.2% drop in quarterly sales. Nike also expects fiscal 2025 sales to drop, a reversal from its previous growth forecast.
Key US inflation measure rises as expected in May.
The core personal consumption expenditures price index, which measures costs consumers pay across a wide swath of items, excluding food and energy, rose 2.6% year-over-year and 0.1% month-over-month. Both figures are in line with analyst estimates, while the annual rate is the lowest reading since March 2021. The index is the Federal Reserve's preferred inflation gauge.
FDA says new study shows milk pasteurization kills bird flu.
The Food and Drug Administration said a widely used treatment that heats milk for at least 15 seconds at 161 degrees Fahrenheit kills the bird flu virus in cow’s milk. The virus, known as the H5N1 avian influenza, was first detected in cows in March, though the FDA has said the risk to the public remains low. See the findings here.
SOURCE: 1440 News
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