The U.S.has seized a sanctioned tanker off Venezuela, escalating tensions with Caracas. The Fed cuts rates but signals a pause. U.S. bombers fly over the Sea of Japan after Chinese and Russian drills near Taiwan. Elon Musk hints at possible SpaceX IPO. Plus, Pride plans for during an Egypt–Iran World Cup match spark a backlash.

*This episode has been corrected to remove a line saying an IPO above a trillion dollars would be the biggest in the world. Saudi Aramco had a $1.7 trillion listing in 2019.

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