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Market Reaction to Trump’s Iran Negotiation ClaimThe announcement by Donald Trump that talks with Iran were "in the final stages" triggered an immediate sell‑off in crude markets, pulling Brent down $6.64 (5.97%) to $104.64 a barrel and WTI off $6.49 (6.23%) to $97.66 by early afternoon ET. Trump Announces Final‑Stage Iran Talks Amid Ongoing TensionsThe U.S. president warned of further attacks unless Iran agrees to a deal. Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Tehran was ready to develop safe‑shipping protocols with other coastal states, but offered no specifics. Oil Price Drops and Futures Data Highlight 6% DeclineBrent futures: $104.64 per barrel (down 5.97%)WTI futures: $97.66 per barrel (down 6.23%)One‑month vs six‑month Brent premium: about $20 a barrel, well below last month’s peak of > $35Three supertankers crossing the Strait of Hormuz carried roughly 6 million barrels, far fewer than the pre‑war average of ~130 vessels per day Supply‑Chain Uncertainty and Market Sentiment Remain FragileAnalysts remain cautious. John Kilduff, partner at Again Capital, said markets “take pronouncements with a grain of salt.” Citi analysts project Brent could rise to $120 a barrel, arguing current pricing underestimates prolonged disruption risk. Wood Mackenzie warns prices could approach $200 if the Hormuz corridor stays largely shut through year‑end. PVM notes global oil inventories may hit critically low levels, while Russian Deputy Prime Minister Alexander Novak highlighted that some nations are easing sanctions on Russian oil to keep markets functioning. Analysts Forecast Potential Rebound if Negotiations Stall or Supply TightensIf talks falter, Brent could quickly retest the $120‑$130 range, driven by renewed risk premiums.Continued low traffic through Hormuz would sustain a tight market, supporting higher spot prices.Any formal agreement that eases sanctions on Iranian oil could provide a modest supply boost, tempering price gains.

The End of an Era for Sustainable GastronomyMichelin has abruptly retired its green star award, which recognized restaurants for demonstrating exceptional commitment to sustainability practices and eco-friendly cooking. The decision has left UK chefs who received the accolade feeling betrayed and questioning the timing and reasoning behind the move.The Green Star's Brief History and SignificanceIn 2020, Michelin introduced the green star as a way to acknowledge restaurants that prioritized eco-friendly ingredients, reduced waste, and demonstrated environmental responsibility. Winners received a green plaque to display and were able to feature the star on their websites, similar to the traditional Michelin stars.The award quickly became a prestigious recognition in the culinary world, with 37 restaurants across the UK and beyond earning the distinction. For many establishments, it represented not just an environmental commitment but also a significant marketing advantage that helped them stand out in a competitive industry.Economic and Professional Impact on Award-Winning RestaurantsThe loss of the green star represents more than just a symbolic change for affected restaurants. For many, it means losing a key differentiator in an increasingly crowded fine-dining market. The award provided international recognition, facilitated collaborations with other chefs, and attracted customers specifically interested in sustainable dining experiences.Restaurants like Pythouse Kitchen Garden in Wiltshire, Culture in Falmouth, and Homestead Kitchen Garden in North Yorkshire reported that the green star brought them customers who shared their environmental values. The award was particularly valuable for smaller, independent establishments that built their brand around sustainability.Industry Reactions and Broader ContextThe decision has been met with widespread disappointment from the culinary community. Piers Milburn of Pythouse Kitchen Garden expressed feeling "let down" by Michelin, noting that the company had built a platform for businesses to thrive from the accolade before abruptly removing it. Hylton Espey of Culture restaurant criticized the lack of communication, stating they learned about the changes only after the press release was issued.The retirement of the green star comes amid a broader trend of corporations reducing sustainability initiatives globally. Some chefs have expressed concern that this may reflect a wider retreat from environmental commitments, particularly in light of political shifts in certain regions.The Future of Sustainable Recognition in GastronomyIn place of the green star, Michelin has introduced "Mindful Voices," described as a "global editorial platform" about sustainable restaurants and people "pioneering new approaches in the fields of gastronomy, hospitality and wine." However, this platform will not bestow any official accolade, leading many to view it as an inadequate replacement.Some industry observers suggest the retirement may be due to branding confusion, as the green star visually resembled the traditional Michelin star, leading some customers to mistakenly believe recipients had received a full Michelin star. Despite this explanation, many chefs remain unconvinced and feel the decision undermines years of work toward more sustainable practices in the restaurant industry.

Incoming Chair Ian Cheshire Sets Aggressive Tone on Tech RegulationDuring a hearing of the Science, Innovation and Technology Select Committee, the incoming Ofcom chair, Ian Cheshire, declared his intention to take on the "tech bros" he believes have enjoyed a period of regulatory complacency. He emphasized personal concerns about social‑media exposure for under‑16s while warning that Ofcom must be realistic about its enforcement limits.Parliamentary Hearing Highlights Commitment to Tackle "Tech Bros"Cheshire answered a direct question on whether he would challenge the powerful platforms that dominate the online world with a decisive "Yes". He outlined three focal points:Clarify what Ofcom can realistically achieve in policing tech platforms.Encourage platforms themselves to demonstrate a genuine commitment to child safety.Maintain a clear separation between regulatory action and government‑driven content bans.He also addressed impartiality concerns surrounding GB News, indicating he would hold “serious conversations” about politicians presenting current‑affairs programmes on the channel.Regulatory Actions Targeting TikTok, YouTube, Meta and OthersIn parallel with Cheshire’s statements, Ofcom announced a series of enforcement steps:Commissioning independent audits of the safety systems used by TikTok, YouTube and Meta (Instagram/Facebook).Calling out personalised feeds for serving harmful content to under‑18s and demanding concrete changes.Noting that Snapchat, Meta and the gaming platform Roblox have agreed to adopt additional child‑protection measures.The regulator’s move comes as the UK government’s consultation on online child safety, which includes a possible Australia‑style ban on under‑16s accessing social media, closes next week.Potential Shift in the UK Online‑Safety LandscapeStakeholders see Cheshire’s stance as a possible reset for the Online Safety Act’s enforcement. Safety campaigners, such as Andy Burrows of the Molly Rose Foundation, welcomed the promise of “proactive, ambitious and robust enforcement”. If Ofcom follows through, platforms may face stricter audit requirements, higher fines, and tighter content‑moderation obligations, reshaping the business models of major tech firms operating in the UK.What Comes Next for Ofcom and the Tech Industry?Looking ahead, several developments are likely:Publication of the audit findings, potentially leading to targeted enforcement actions before the end of 2026.Further parliamentary scrutiny, especially from MPs like Helen Hayes, who are pushing for age‑based restrictions on addictive app features.Possible legislative amendments that could give Ofcom clearer powers to limit under‑16 access to social‑media platforms.How quickly the regulator can translate its rhetoric into enforceable measures will determine whether the UK becomes a benchmark for online‑safety governance or merely adds another layer of bureaucratic promise.

The Funding Crisis The Board of Peace, which was founded by United States President Donald Trump in January to oversee the administration and reconstruction of the Gaza Strip, is facing a crippling cash crunch that threatens to derail its ambitious $70bn reconstruction plan for the devastated enclave. The US-led board recently reported a critical gap between its financial commitments and actual disbursements, warning of an urgent liquidity crisis, according to the Reuters news agency. The Structure of the Board However, experts tracking international aid to Palestinians said the funding shortfall is neither surprising nor purely administrative. Instead, they argued that the reluctance of Arab and European donors stems from the board’s controversial structure, a lack of a viable political horizon for a Palestinian state and Israel’s ongoing military expansion across the besieged enclave. Moath al-Amoudi, an expert in international aid to Palestinians, told Al Jazeera that the heavily publicised pledges are closer to a “talk show” than a genuine humanitarian effort. A History of Empty Promises “Out of the $17bn pledged, the actual liquidity that has reached the ground is zero,” al-Amoudi said. “Donors are terrified of engaging with a board that carries no political vision and treats Gaza merely as an American security protectorate.” The gap between pledges and actual disbursements is a historical constant in the Palestinian context, but the US has a particularly poor track record, al-Amoudi noted. Commercial Guardianship and the $1bn Seats Much of the international hesitation is rooted in the architecture of the Board of Peace itself. Previous Al Jazeera reporting revealed that the board operates as a complex three-tiered governing structure heavily stacked with American billionaires and pro-Israel figures, such as billionaire Marc Rowan, US envoy Steve Witkoff, Secretary of State Marco Rubio and Trump son-in-law Jared Kushner. Humanitarian Aid as Political Blackmail The board’s funding crisis is deeply intertwined with its strict political and security conditions. The three-phased US plan for Gaza explicitly demands the full disarmament of Hamas and all allied Palestinian factions as a prerequisite for reconstruction funds and the opening of border crossings while Israel has continued to violate the terms of an October “ceasefire”. The Yellow Line and Modern Ghettos Beyond the political and structural flaws of the board, the volatile reality on the ground makes meaningful reconstruction nearly impossible. Despite a nominal “ceasefire”, Israeli forces have continued their near-daily violations. According to local medical sources, 828 Palestinians have been killed since the “truce” went into effect.

The Rise of AI Misinformation in Elections The Electoral Commission has called for new legal controls over misinformation from AI chatbots, after a thinktank found they had made serious mistakes during the recent Scottish election. The Study's Findings The thinktank Demos said its investigation had found that AI services gave voters misinformation to 34% of the questions it posed, which it said raised worrying questions about the lack of regulation of AI platforms in the UK. ChatGPT gave wrong information in 46% of its answers, including making up an expenses scandal. Replika had errors in 56% of its answers, inventing a date for a made-up expenses scandal and accusations of nepotism by a candidate. Google Gemini was wrong in 22% of cases, including saying a candidate had not taken a position on assisted dying when they were a supporter. The Impact of AI Misinformation Vijay Rangarajan, the Electoral Commission’s chief executive, said voters want accurate information to help them engage with democracy and it is concerning that AI tools have made the spread of false or misleading information dramatically faster and more accessible than ever. The Call for Regulation The Electoral Commission is pressing ministers to introduce legislation to make AI companies more accountable, including clearer duties on AI platforms to protect voters against misinformation and ensure algorithms do not mislead voters. The Future of AI Regulation Azzurra Moores, an associate director at Demos, said ministers could quickly introduce legal requirements to make AI companies liable under UK defamation and electoral law, introduce mandatory safeguards on accuracy, and force AI firms to allow researchers to independently test how their internal data and training sets worked.

The Restructuring Plan Enterprise software giant Intuit is letting 17% of its staff go, or about 3,000 people, as it seeks to divert resources toward baking AI into its products. The layoffs are meant to reduce complexity by simplifying the company’s corporate structure and help it focus on AI efforts. The Company's AI Strategy The company, which makes accounting, tax, and personal finance software like TurboTax, QuickBooks, and Credit Karma, had 18,200 employees worldwide as of July 2025. Intuit's CEO Sasan Goodarzi said the layoffs will help the company focus on AI efforts. The Financial Impact Intuit's CEO Sasan Goodarzi's salary was worth $36.8 million, including cash incentives and stock awards, during fiscal 2025. The company reported revenue of $4.65 billion, a 17% increase, and net profit of $693 million, a 48% improvement compared to a year earlier. The Industry Trend The layoffs come during a bad year for the tech workforce. The tech industry has already cut more than 100,000 jobs this year, and is on track to outpace both 2024 and 2025 if the layoff trend continues. Companies such as Amazon, Block, Cisco, Cloudflare, Meta, Microsoft, and Oracle have let go of thousands of employees each, all of them citing a need to refocus expenditures around AI projects as a reason to cut jobs and restructure their organizations. The Future Outlook Intuit, however, hasn’t been perceived as a beneficiary of the AI boom, with its shares consistently underperforming in the broader S&P; 500 over the past 12 months. The company expects revenue to increase by about 10% in the third quarter.

Rookies Face a Steeper Learning Curve in Their First NFL WeekThe newly drafted trio arrived in New York with high expectations, only to discover that the NFL demands instant adaptation, from condensed meetings to a vastly larger playbook.Inside the Jets' First‑Round Selections: Bailey, Sadiq, and CooperDavid Bailey, a Texas Tech edge rusher taken second overall, Kenyon Sadiq, an Oregon tight end selected No. 16, and Omar Cooper, an Indiana wide receiver chosen No. 30, spent their inaugural week at 1 Jets Drive navigating practice drills, meetings and a sea of new faces.What the Numbers Reveal About the Jets' Draft StrategyThree first‑round picks in a single draft—a rare concentration of talent.36 players on trial alongside the rookies, bringing the total new personnel to roughly 100 individuals.Practice sessions are described as “shorter, more efficient” compared with college, indicating a shift toward high‑intensity, low‑volume training.How Early Impressions Signal Shifts in Team Culture and Player DevelopmentThe rookies note a more controlled practice tempo, increased vocal coaching, and a culture that expects players to “pick it up and learn quick.” This reflects the Jets’ emphasis on mental acuity and rapid assimilation, potentially accelerating the development curve for young talent.What to Expect from the New Jets Trio in the Coming SeasonsAll three acknowledge the need to shed “detrimental tendencies” from college and to master the extensive playbook. If they translate their adaptability into on‑field production, the Jets could see immediate upgrades at edge, tight end and receiver positions, offering fans a glimpse of a revitalized offense and defense within the next two years.

The Final Countdown: Startup Battlefield 200 Application Window Closing Your shot at VC access, global visibility, TechCrunch coverage, and $100,000 in equity-free funding is gone in a week. Startup Battlefield 200 applications close May 27. If you're building a breakout startup — or know a founder who is — this is the moment to act. Showcase Opportunity at TechCrunch Disrupt 2026 Apply today for the opportunity to take the stage at TechCrunch Disrupt 2026, October 13-15, alongside 200 of the world's most promising early-stage startups. Pre-Series A founders, consider this your final countdown reminder: the strongest startups are already entering the arena, and the application window is closing fast. If your startup has already been nominated, don't wait to complete your application. This final week moves quickly, and last-minute submissions risk getting buried as applications surge ahead of the deadline. Know a startup that deserves the spotlight? Nominate them now so they still have time to apply before May 27. The Battlefield Legacy: From Pitch to Industry Giants Some of the most consequential companies in tech history didn't launch with splashy fundraising announcements. They started with a pitch. Dropbox demoed to a room full of skeptics. Cloudflare took the stage before most people understood what edge networking meant. Discord was still a scrappy gaming startup called Hammer & Chisel. They all passed through the same crucible: Startup Battlefield 200. That's not a coincidence — it's a pattern. And it starts with an application. What Makes a Battlefield Startup Startup Battlefield 200 has never been a competition for the most polished companies. It's a competition for the most promising ones. Pre-launch is fine. No revenue is fine. What matters is whether what you're building genuinely changes something — not incrementally, but meaningfully. If you or a founder you know is building something impactful, then the application itself becomes the first pitch. The Value Proposition: Beyond the Prize Money Selected startups will showcase live on the Disrupt Stage in front of 10,000+ attendees, leading VCs, global media, and the broader TechCrunch audience. This is your opportunity to gain investor exposure, receive direct VC feedback, and prove your company belongs among the next generation of category-defining startups. Every one of the 200 selected companies receives: Equity-free funding of $100,000 for the winner Exposure to thousands of attendees, VCs, and media A chance to pitch on either the Disrupt Stage or the Pitch Showcase Stage You don't need to make the top 20 for this experience to change your trajectory. Impressive Alumni Success: $32 Billion Raised and Counting More than 1,700 companies have competed in Startup Battlefield 200. Together, they've raised over $32 billion and generated more than 250 exits, including acquisitions by Microsoft, Google, Salesforce, Uber, and Amazon. The network runs so deep that alumni have even acquired each other: Dropbox acquired fellow Battlefield 200 alum DocSend in 2021. This is also the same launchpad that helped accelerate companies like Fitbit, Trello, and Mint. Behind every one of those outcomes was a founder willing to make a bet on themselves publicly, in front of people who were paying attention. Who Should Apply: The Promising, Not Just the Polished We're looking for ambitious early-stage startups building innovative, potentially category-defining products. Applications are open globally across all industries. Most selected companies are pre-Series A, though select Series A startups may qualify on a case-by-case basis. To apply, startups should have: A working product or prototype A clear vision for how they're changing their industry A passionate founding team Thousands apply every year. Only 200 are selected. Just 20 finalists pitch live on the Disrupt Stage. One startup takes the crown and wins $100,000 in equity-free funding. The Deadline Imperative: Why Waiting Could Cost You The founders who wait until they feel ready often wait too long. You do not need to be polished. You need to be promising. If you've been sitting on this, here's the reality: the worst outcome is you don't get selected this cycle — and you come back next year with a stronger application because you went through the process. The stage matters. The community lasts. The milestone is real. But the deadline is now one week away. Final Call to Action: Submit Before May 27 If you're building something category-defining — or know a startup that deserves the spotlight — submit your nomination and complete your application before May 27. Get started by nominating and applying here.

The US-Israel Plan for Regime Change The United States and Israel went into war on Iran intending to replace the regime’s leadership with hardline former President Mahmoud Ahmadinejad, The New York Times reported. Quoting US officials who were briefed on the “audacious plan”, the newspaper said things “quickly went awry”, and Ahmadinejad’s “current whereabouts and condition are unknown”. The Background on Ahmadinejad After the killing of Ayatollah Ali Khamenei, US President Donald Trump mused that it would be best if “someone from within” Iran took over the country, the Times reported. “To say that Mr Ahmadinejad was an unusual choice would be a vast understatement,” the newspaper said. “While he had increasingly clashed with the regime’s leaders and had been placed under close watch by the Iranian authorities, he was known during his term as president, from 2005 to 2013, for his calls to ‘wipe Israel off the map’. He was a strong supporter of Iran’s nuclear program, a fierce critic of the United States and known for violently cracking down on internal dissent.” The Plan Goes Awry The US-Israeli plan, which Ahmadinejad had been consulted about, “quickly went awry”, according to the US officials who spoke to the Times. Ahmadinejad was reportedly wounded on the first day of the war by an Israeli strike on his home in Tehran, which was intended to free him from house arrest, American officials told the Times. Ahmadinejad survived the strike, they said, but after the near-miss, he changed his mind about the regime change plan, and he has not been located since. The Aftermath An article in the Atlantic in March said the attack on the house was “in effect a jailbreak operation”, citing anonymous associates of Ahmadinejad. After that article, the Times said it received confirmation from an associate of Ahmadinejad that he recognised the air strike was an attempt to free him. The associate said the Americans believed Ahmadinejad could lead the country and had the ability to manage “Iran’s political, social and military situation”.