Reuters Daily Briefing

"Iran deal includes $300 billion fund."

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Daily Briefing

By Kate Turton

Hello. The Iran deal includes a $300 billion fund, the death rate in ICE immigrant detention centers more than doubles under Trump, and G7 leaders demand a ceasefire in Lebanon. Plus, the universe's expansion is still accelerating.

Today's Top News   People walk past rubble at the site of an Israeli strike following a deal between the US and Iran in Tyre, southern Lebanon. REUTERS/Zohra Bensemra Middle East A $300 billion private fund designed to trigger investment into Iran is outlined in the US-Iran framework agreement and more than half that sum has already been committed, a source with ‌direct knowledge of the deal told Reuters. After the US and Israel launched airstrikes on Iran, US President Donald Trump laid out a host of objectives. More than three months later, with a preliminary peace deal in place, what has Trump achieved? In other news World leaders at the G7 summit are navigating a delicate balancing act — managing economic anxieties at home and keeping the peace with an unpredictable US president. White House reporter Andrea Shalal tells the Reuters World News podcast that G7 leaders are working overtime to prevent a public clash. Follow our live updates from the G7. Georgia Republicans selected US Representative Mike Collins as their US Senate nominee in a runoff over political outsider Derek Dooley. Meanwhile, voters rejected the president’s pick for Georgia governor, handing him his most embarrassing primary defeat in this election cycle. Britain's former health minister, Wes Streeting, said he would be prepared to trigger a Labour leadership contest to replace Keir Starmer as prime minister as soon as next week, urging ‌a speedy end to the "uncertainty and paralysis". South Korea will shift a line running parallel to the military border with North Korea to ‌narrow the area that restricts civilian access to reflect an evolving security environment and for the convenience of local residents, the defence minister said.  The head of Africa's Centres for Disease Control and Prevention warned that the Ebola outbreak in Congo could be the worst ever, saying that currently tens of thousands of ⁠contacts of those ill with the disease had not been traced.

Business & Markets   Global pharmaceutical companies, facing pushback from European capitals on drug pricing, are turning to a playbook that brought them recent success in Britain: threats of pulling investment and expansion plans to pressure policymakers. US supplies of progesterone are coming under strain, with patients, clinicians, and pharmacists reporting recent intermittent shortages of oral versions of the hormone used in many fertility and menopause treatments. The US has held off adding China’s AI startup DeepSeek, memory chipmaker CXMT and more than 100 other companies flagged as national security risks to a trade blacklist, as the Trump administration tries to avoid escalating tensions with Beijing. Binance, the world's largest crypto exchange, is set to ‌lose permission to serve European Union clients from next month because its licence application is about to be rejected, two people familiar with the matter told Reuters. Yum Brands said it would sell its Pizza Hut chain for a combined $2.7 billion in two deals that highlight separate trajectories ‌for its business in China and the rest of the world. The Federal Reserve is expected to hold interest rates steady at the end of the first meeting chaired by Kevin Warsh, with a new policy statement and economic projections likely to reflect growing concern about the inflation stoked by the Iran war. Here's what economists are saying about the Fed outlook.

Death rate in ICE immigrant detention centers more than doubles under Trump   A bus used to transport detainees of Immigration and Customs Enforcement exits Camp East Montana. REUTERS/Paul Ratje/File Photo A Vietnamese man with cardiovascular problems collapsed and died in the “Speedway Slammer,” the repurposed Indiana maximum-security prison that’s become a symbol of the Trump administration’s immigration crackdown.  He was among 50 people who have died in US immigration detention since Trump launched his mass deportation campaign in January 2025, Immigration and Customs Enforcement records show. Between 2009 and 2024, US immigration facilities had one death annually for every 3,848 detainees, based on the facilities’ average daily population, a Reuters analysis of ICE data found.  Read more

And Finally... A section of the Cat’s Paw Nebula. NASA, ESA, CSA, STScI/Handout via REUTERS Taking a fresh look at data involving a specific type of stellar explosion, a team of researchers says it has confirmed the long-accepted notion that the universe is expanding at an accelerated rate - the very observation that led to the identification in the 1990s of an enigmatic cosmic force called dark energy. The study's results rebut research published ‌last year that concluded that this cosmic expansion is no longer speeding up - a finding that had challenged the basic understanding of the universe. Read more

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