2026-05-08
Virginia court redraws midterms. Trump insists ceasefire holds. Jobs beat expectations.
Good afternoon. Virginia's redistricting went to court. Trump and Tehran traded fire and words. Markets got better employment data than they'd budgeted for.
Lunch Brief
State Supreme Court blocks the map, handing Republicans a midterm advantage. Democrats had drawn it. Now they get to watch someone else draw it.
U.S. forces hit Iranian military targets. Tehran had struck American destroyers in the Strait of Hormuz. Trump says the temporary truce survives. Both sides are testing how much the other will tolerate before calling it broken.
Satellite company AST climbed on pure algorithmic momentum, championed by a guru called the Kook. The company's market cap now outpaces its revenues by several decades.
Scaled back from $10 billion after creditors hesitated. SoftBank's OpenAI stake as collateral. The lenders got nervous. So SoftBank got smaller.
Rescuers searching eastern Indonesia after eruption. Three confirmed dead. Others unaccounted for.
Documents dating to the 1940s now public. Defense Secretary Pete Hegseth said the records 'have long fueled justified speculation — and it's time the American people see it for themselves.' Naturally.
Early results show gains for the far right and losses for Prime Minister Keir Starmer's party. Labour has lost control of several councils. Most results still pending, but the trend is clear.
Two-day halt announced for Victory Day celebrations. Ukraine's air force says it downed 56 Russian drones. Russia claims destroyed Ukrainian installations. Ceasefire: technical compliance, maximum hostility.
- US added 115K jobs in April, topping forecasts
- US-Iran ceasefire tested in Strait of Hormuz
- Dinner shooting suspect Cole Allen targets DOJ in explosive bid to shake up case
- Lime files for IPO
- 76ers donate playoff tickets to block Knicks takeover
- Iran Says It Seized Oil Tanker That Was Sanctioned by U.S.
- South Africa court revives impeachment inquiry
- Einride CEO on electric autonomous freight
- Wayve CEO on AI-driven self-driving
- Pentagon begins releasing UFO files
"Almost respectable. Use it cautiously."
"Below the radar. Statistically rare; enjoy it."
Court redrew Virginia. Trump called ceasefire. Markets hired anyway. Nobody's watching the same crisis.
Back at 6:00 PM ET with the night owl brief.