The Knicks' NBA title ends a 53-year drought, uniting New York City across economic and cultural lines. The team's come-from-behind victories resonated as a representation of New York resilience. The championship may accelerate ownership changes at Madison Square Garden, with a potential split between the Knicks and Rangers and possible sale of one team, as valuations soar and stock splits make transactions easier.

The Iran interim MOU is facing conflicting timelines: Trump says it will be signed today, but Tehran signals delay. Key sticking points include the fate of highly enriched uranium (dilution vs. destruction), unfreezing $25 billion in assets, and control of the Strait of Hormuz. The leaked provisions suggest concessions may favor Iran, raising questions about whether this deal is better than the JCPOA. Qatar and Pakistan are key mediators.

The G7 summit is dominated by the Iran war and the potential deal. European leaders, facing domestic political weakness, have abandoned the 'appeasement' strategy with Trump after it failed to guarantee results (e.g., US pulling fighter jets from Europe). The summit's agenda is fluid, dictated by whether a deal is reached. President Trump's unpredictability and focus on Iran will overshadow traditional G7 business.

The current Iran MOU lacks the technical detail and verification mechanisms of the JCPOA (120+ pages). The durability of any deal depends on enforceability and monitoring, which are unclear. Iran believes it has the upper hand and will demand significant compensation (frozen assets, sanctions relief) to end the war. The 'nuclear dust' the president refers to is 60% enriched uranium that Iran may dilute but keep on-site, which is less secure than shipping it out.

New Fed Chair Kevin Warsh faces a divided committee (hawks vs. those worried about stagflation) and political pressure from Trump to cut rates. The Fed is expected to hold rates steady, with the possibility of a hike later if inflation persists. Warsh's first press conference is critical for signaling his leadership style and the committee's direction. A potential end to the Iran war could reduce oil prices and lessen the chance of a rate hike.

The 'Save Our Bacon' bill would overturn state laws (CA, MA) banning the sale of pork from pigs raised in gestation crates, where sows cannot turn around. The pork industry argues it's about interstate commerce and cost, but 84% of Americans find the practice unacceptable. A key backer is Smithfield Farms, owned by Chinese WH Group, raising concerns about foreign influence on US legislation.