“An updated report from the Congressional Research Service, or CRS, now lists 81 U.S. military aircraft as lost or damaged since the United States launched Operation Epic Fury against Iran on Feb. 28. That is nearly double the 42 aircraft the research service counted in May, as Defense News reported at the time. The Oct. 5 revision adds jets damaged in a September Iranian strike on a base in Jordan, helicopter losses drawn from a Pentagon inspector general report and a sharply higher count of lost Reaper drones. CRS cautions that the total is not a count of destroyed aircraft, noting, ‘Some damaged aircraft may have been returned to active service.'” (10/07/26)
“Tariff inflation has a long tail. Higher import costs can ripple through U.S. supply chains, with effects on domestically produced goods emerging as much as a year later, according to Federal Reserve Bank of New York researchers. The inflation hit from 2025 tariffs is fading, but newer levies are still feeding through to prices as inflation is already too high for policymakers’ comfort. … The authors previously found that U.S. companies and consumers bore most tariff costs earlier this year — research that Trump economic officials sharply criticized. … The researchers estimate that President Trump’s tariffs added 2.9 percentage points to consumer goods inflation by February 2026 (excluding services and oil).” (10/07/26)
“A former Kentucky Congressional candidate and well-known donor of Donald Trump’s MAGA has come under scrutiny after a report on his alleged text exchanges with Kimberly Guilfoyle, the US Envoy to Greece and former fiancé of Trump’s son, Donald Trump Jr. On Wednesday, the Wall Street Journal published an explosive report alleging that Kimberly Guilfoyle allegedly texted Kentucky MAGA donor Eric Deters to pay her $100,000 credit card bill, offering multiple favors in return. The favors included using her connection in the Trump administration to help Deters with his issues with the Internal Revenue Service (IRS) and the Department of Justice.” (10/07/26)
“U.S. mortgage rates climbed for a seventh straight week to 7.49%, their highest level since November 2023, according to Mortgage Bankers Association figures released Wednesday, according to Bloomberg. The 30-year fixed mortgage rate climbed 19 basis points for the week ending Oct. 2, bringing its total gain over the past three weeks to roughly half a percentage point — the steepest three-week advance since early 2023. Total mortgage application volume fell 4.2% from the prior week.” (10/07/26)
“The Nobel Prize in Chemistry was awarded to two organic chemists for ‘for the discovery of non-linear effects and autocatalysis in asymmetric organic synthesis.’ Dr. Henri B. Kagan, 96, professor emeritus at Université Paris-Sud, France, and Dr. Kenso Soai, 76, professor emeritus at Tokyo University of Science, Japan, share the prize for their work, which could change the future of pharmaceuticals. … Some molecules like amino acids exist as two variants that are each other’s mirror image, but living organisms only contain one side of the image, which makes them homochiral. The other side is rarely found in nature. How this happened was a mystery to chemists. Kagan and Soai solved the puzzle.” (10/07/26)
“The pharmaceutical industry’s top lobby group on Wednesday sued to invalidate one piece of the Trump administration’s efforts to benchmark US drug prices to lower costs overseas in the Medicare health insurance program, arguing that it is an illegal overreach by the US government. … The PhRMA lobby group filed its lawsuit in the US District Court for the District of Columbia against Health Secretary Robert F. Kennedy Jr., the US Department of Health and Human Services he runs, and the Centers for Medicare & Medicaid Services and two of its officials. The lobby group argues in its lawsuit that CMS, Medicare’s regulator, has stretched the authority of a program to test new pricing ideas into rewriting Medicare’s pricing structure without congressional action.” (10/07/26)
“Nigel Farage’s Reform UK has published an internal investigation purporting to clear two senior aides who were caught in an undercover donations sting. The party is now threatening legal action against the TV company that produced the report alleging that they discussed how the party could receive a £500,000 donation from a fake U.S. donor. The review ‘found no evidence’ that either Dan Jukes, Farage’s long-term right-hand man, or James Orr, his policy chief, broke any laws. … A party official, granted anonymity to discuss internal matters, told POLITICO the pair’s futures will only be decided after the conclusion of a Metropolitan Police investigation. Scotland Yard is investigating multiple ‘potential offences’ arising from the broadcast of footage showing discussions about how the party could receive donations from an overseas donor and also asking a bogus company to pay for polls commissioned by officials.” (10/07/26)
“In a latest move by the Trump administration to tighten restrictions on foreign students, the US Department of Homeland Security has proposed a $70,000 fee for international students seeking to participate in a programme that allows them to work in the United States. Under the proposed rule, colleges and universities would have to pay the fee for each international student entering the Optional Practical Training (OPT) programme. The programme enables foreign students to work in positions connected to their fields of study while completing their education or after graduation. International students are generally permitted to work through OPT for up to one year after completing their studies. Those graduating from certain science, technology, engineering and mathematics (STEM) programmes can qualify for an additional two years. Schools would be required to pay the $70,000 for each new student’s initial application to the program, and a $30,000 fee for each renewal.” (10/07/26)
“Speaking in Nairobi on Wednesday, WHO Representative Dr. Neema Rusibamayila Kimambo said the coming days would be decisive in preventing community spread of the Bundibugyo strain of the virus, which has now claimed its first life in Kenya. The victim, a local man who had lived in the Democratic Republic of the Congo (DRC) for several years, fell ill there, where a deadly outbreak continues to spread in the east. He flew to Nairobi via Kampala and Entebbe in Uganda on 3 October, went straight to hospital and died in the Kenyan capital on Monday. Authorities have since identified the people who had come in direct contact with him from social contact and his admission to hospital. So far, there have been no other infections.” (10/07/26)
“Lawmakers in Kosovo elected economist and academic Justina Shiroka Pula as the country’s new president in a marathon late-night session, moments before a constitutional deadline that would have forced a snap election. The election late Tuesday was a significant moment in a political crisis in the small Balkan nation that has caused legislative deadlock for over 19 months and two early parliamentary elections. Just before Shiroka Pula was elected, lawmakers also approved a law limiting the powers of a special court in The Hague, Netherlands, which was set up to investigate and prosecute war crimes committed by the Kosovo Liberation Army (KLA) during the country’s 1998-99 war for independence from Serbia. … She will have to endorse the law limiting the power of the Hague court for it to become binding.” (10/07/26)
