UK's next PM, Iran sanctions waiver, Serena and Messi

Senate Republicans, Bangkok fire, Sam Neill and Iran's music

The U.S. Senate is back in session but two of its most powerful Republicans are not, leaving its majority stretched thin after the death of Lindsey Graham and Mitch McConnell's absence due to ill health. A fire tears through a Bangkok pub killing dozens. In some of Havana's apartment blocks, when the lights go out, so does the water. The Iran war silences the country’s musicians. And actor Sam Neill has died. Listen to the Morning Bid podcast ⁠⁠⁠here⁠⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Freuters.sng.link%2FEng86%2F0flfc%2Fr_b612e09fe6&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600634080%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=78Ppb%2FgS6uiby6qWshbaJDTUn%2Fl8REr7WrXwEh2OZp4%3D&reserved=0]. Sign up for the Reuters Econ World newsletter ⁠⁠⁠here⁠⁠⁠ [https://www.reuters.com/newsletters/reuters-econ-world/]. Listen to the Reuters Econ World podcast ⁠⁠⁠here⁠⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.chtbl.com%2FAbxd8GDx&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600673954%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=bVY7gCotsBlqaGM9%2BvNVcuniqclEUMjnoY0IiARFW4A%3D&reserved=0]. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

U.S. housing bill, Spain wildfire and Ukraine front-line nests

A bipartisan housing affordability bill [https://www.reuters.com/world/trump-says-he-will-not-sign-bipartisan-housing-bill-2026-07-10/] has become law without U.S. President Donald Trump's signature. Firefighters in southern Spain battle a fast-moving wildfire [https://www.reuters.com/business/environment/wildfires-southern-spain-kill-12-emergency-agency-says-2026-07-10/] that has killed at least a dozen people. And along Ukraine's front lines, birds are building nests from fibre-optic drone cables [https://www.reuters.com/business/aerospace-defense/bird-nests-fibre-optic-cables-show-wars-impact-ukraine-2026-06-30/] used to guide attack drones. Watch the latest On Assignment: Collateral damage: The war comes for Iran’s ancient past [https://www.reuters.com/podcasts/collateral-damage-war-comes-irans-ancient-past-2026-07-11/] Listen to the Morning Bid podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Freuters.sng.link%2FEng86%2F0flfc%2Fr_b612e09fe6&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600703027%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=72pn%2BR49pQbWZiUyjCiUxbg6BIWNxe8%2F1ITXf4J6dYU%3D&reserved=0]. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠ [https://www.reuters.com/newsletters/reuters-econ-world/].  Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.chtbl.com%2FAbxd8GDx&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600732950%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=fX87JTBYLBuAmci%2B%2FHjeb8W1bVHtGdZQ%2Bcv5KasL9eY%3D&reserved=0]. Visit the Thomson Reuters Privacy Statement [https://www.thomsonreuters.com/en/privacy-statement.html] for information on our privacy and data protection practices.  You may also visit megaphone.fm/adchoices [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmegaphone.spotify.com%2Fabout-advertisements&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600762287%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=r5x%2BL4%2F6qoa4yP40O1UfyiBlzkKAglq%2F7SacOrB%2F3qI%3D&reserved=0] to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Khamenei burial, Erdogan’s gun gifts, Meta’s AI chip and drone deliveries

Iran hits U.S. military targets in the Gulf as it buries its slain leader, Ayatollah Ali Khamanei. NATO leaders leave Turkey armed – literally – after President Tayyip Erdogan hands out vintage revolvers. President Donald Trump says Russian President Vladimir Putin wants peace, but three Kremlin sources say he’s getting ready to escalate. Meta will start making its own AI chip to undercut OpenAI and Anthropic. A proposed FAA rule could supercharge the U.S. drone delivery industry. And Germany tops more than 5,000 heat-related deaths this year as a wildfire tears through southern Spain. Listen to the Morning Bid podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Freuters.sng.link%2FEng86%2F0flfc%2Fr_b612e09fe6&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600634080%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=78Ppb%2FgS6uiby6qWshbaJDTUn%2Fl8REr7WrXwEh2OZp4%3D&reserved=0]. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠ [https://www.reuters.com/newsletters/reuters-econ-world/]. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.chtbl.com%2FAbxd8GDx&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600673954%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=bVY7gCotsBlqaGM9%2BvNVcuniqclEUMjnoY0IiARFW4A%3D&reserved=0]. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Platner out, US-Iran strikes, Air Force One and quantum leap

Maine's Graham Platner quits the Senate race leaving Democrats scrambling to replace him for a must-win seat. The U.S. and Iran trade fresh strikes. President Donald Trump ditches the new Qatari-gifted Air Force One for the first leg of his flight home from the NATO summit. Before leaving Ankara, he hands Ukraine a license to manufactures its own Patriot missile interceptors. A fatal ICE shooting in Houston triggers protests. Google warns quantum computers could crack crypto encryption by 2029. And HBO Max dominates the Emmy nominations. Listen to the Morning Bid podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Freuters.sng.link%2FEng86%2F0flfc%2Fr_b612e09fe6&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600634080%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=78Ppb%2FgS6uiby6qWshbaJDTUn%2Fl8REr7WrXwEh2OZp4%3D&reserved=0]. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠ [https://www.reuters.com/newsletters/reuters-econ-world/]. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.chtbl.com%2FAbxd8GDx&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600673954%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=bVY7gCotsBlqaGM9%2BvNVcuniqclEUMjnoY0IiARFW4A%3D&reserved=0]. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

US-Iran deal ‘over’, NATO, Marine Le Pen and Argentina’s comeback

President Donald Trump says the U.S. ceasefire with Iran is “over” after back and forth strikes, testing NATO’s nerves at a summit in Ankara. Graham Platner faces mounting calls to drop out of the Maine Senate race. Marine Le Pen will run for the French presidency after a court clears her way, but she may be campaigning with an ankle tag. The UK’s Nigel Farage quits parliament only to run for his seat again. And Messi leads Argentina’s stunning comeback from 2-0 down to knock Egypt out of the World Cup. Listen to the Morning Bid podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Freuters.sng.link%2FEng86%2F0flfc%2Fr_b612e09fe6&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600634080%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=78Ppb%2FgS6uiby6qWshbaJDTUn%2Fl8REr7WrXwEh2OZp4%3D&reserved=0]. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠ [https://www.reuters.com/newsletters/reuters-econ-world/]. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠ [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.chtbl.com%2FAbxd8GDx&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cc612f3251f884fc5e8ed08de5a5d74fe%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C639047554600673954%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=bVY7gCotsBlqaGM9%2BvNVcuniqclEUMjnoY0IiARFW4A%3D&reserved=0]. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]