News Wrap: Trump Signs Order on TikTok, ICE Facility Shooting, and Sarkozy Conviction

TikTok and U.S. Ownership

• 📱 President Trump signed an executive order aiming to keep TikTok available in the U.S., contingent on a deal for U.S. ownership.
• 🔑 The agreement is intended to address U.S. national security concerns related to TikTok's China-based parent company.
• 🏛️ This follows a previous law requiring TikTok's sale or a U.S. ban, with Trump having extended deadlines.

Dallas ICE Facility Attack

• 🎯 Investigators identified the gunman in the Dallas ICE facility attack as Joshua Jahn, a 29-year-old U.S. citizen.
• terror Handwritten notes left by Jahn indicated a motive to inflict "real terror" on ICE agents.
• ⚠️ The shooting was described as a targeted, ambush-style attack, though a detainee was killed and two others injured when Jahn fired into the sally port.
• ⚖️ Authorities stated the rifle was legally obtained and Jahn likely acted alone before taking his own life, with the incident being called "the very definition of terrorism."

International and Legal Developments

• 🇵🇸 Palestinian Authority President Mahmoud Abbas rejected the 2023 Hamas attack on Israel and stated Palestinians in Gaza face a "war of genocide."
• 🇫🇷 Former French President Nicolas Sarkozy was sentenced to five years in prison for criminal conspiracy related to his 2007 presidential campaign funding.
• 🏛️ The court ruled Sarkozy will be incarcerated during his appeal, potentially making him the first former president to serve prison time in modern French history.

U.S. Federal Reserve and Corporate News

• ⚖️ Federal Reserve Governor Lisa Cook took her challenge against President Trump's attempts to fire her to the Supreme Court, arguing it would undermine the Fed's independence.
• ☕ Starbucks announced it will close hundreds of underperforming stores and lay off about 900 corporate staff as part of a $1 billion restructuring plan to address declining sales.
• 🛍️ Amazon agreed to pay $2.5 billion to settle allegations of tricking customers into Prime memberships, with much of the money going to reimbursements.

Economic and Linguistic Updates

• 📉 U.S. stocks ended lower despite strong GDP readings, with the Dow, Nasdaq, and S&P 500 all falling.
• 📚 Merriam-Webster is adding over 5,000 new terms to its Collegiate Dictionary, including modern slang and food-related terms like "rizz" and "cold brew."