Knicks owner James Dolan said the team accepted an invitation to visit President Donald Trump at the White House after winning the NBA championship. The date and player attendance have not been determined.
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The United States and Iran have electronically signed a memorandum intended to halt the war and launch 60 days of talks toward a final agreement. The document includes sanctions relief, nuclear commitments, Strait of Hormuz provisions and a proposed $300 billion reconstruction plan for Iran.
A senior U.S. official gave the clearest account yet of an unreleased 14-point memorandum with Iran that would halt fighting, lift a naval blockade and start 60 days of talks. Iranian officials have not confirmed the U.S. version of the text.
Three-time U.S. Olympian Jenny Simpson was hospitalized after collapsing during a track event in Raleigh, North Carolina. Organizers said she is receiving medical care and thanked responders who provided urgent aid.
Edwards Air Force Base identified the eight men killed when a B-52 Stratofortress crashed during a test mission tied to the bomber’s radar modernization program. The Air Force says the cause remains under investigation and initial findings could take up to six months.
Trump said the U.S.-Iran memorandum is not a final deal and warned bombing could resume if a broader agreement is not reached. The 14-point framework calls for a ceasefire, reopening the Strait of Hormuz, nuclear limits, sanctions relief and further talks within 60 days.
Iran says it is considering whether Presidents Masoud Pezeshkian and Donald Trump should sign a Swiss memorandum of understanding opening 60 days of negotiations. The draft framework covers a halt to military operations, sanctions relief, Iran’s nuclear program and Strait of Hormuz shipping.
The Federal Reserve unanimously held interest rates at 3.5% to 3.75% in Kevin Warsh’s first meeting as chair. New projections showed inflation expectations rising and nearly half of policymakers open to a rate hike later this year.