The final federal inflation report before the midterms is set to be released and is expected to show soaring prices.
asserted
report → set → prices
Pope Leo is diagnosed with lung cancer after undergoing surgery.
asserted
Leo → diagnose → surgery
And Bank of America is ordered to pay a billion-dollar fine after allegedly violating anti-money laundering and sanctions laws.
uncertain
Bank → order → laws
Here’s what to know today.
asserted
Here → ’ → what
Latest inflation report expected to show soaring prices
The Bureau of Labor Statistics is set to release its final inflation report before the midterm elections, as Republicans fight to keep control of Congress despite President Donald Trump’s lagging popularity and persistently high prices.
asserted
Republicans → expect → popularity
Economists expect the September consumer price index report to show the annual amount of inflation rose to 3.7% from 3.4% and for prices to have risen by 0.6%.
asserted
prices → expect → %
The monthly jump, if confirmed, would be one of the largest in years.
asserted
jump → confirm → years
This is Morning Rundown, a weekday newsletter to start your day.
asserted
This → start → day
Diesel costs are a particular concern for economists who say the higher prices trickle down into “just about everything.”
asserted
prices → say → everything
Since the start of the Iran war, the price of the fuel is up more than 75% while the price of regular gas has climbed more than 45%.
asserted
price → climb → gas
While data shows consumer wage growth lagging behind the rate of inflation, consumer spending has remained steady.
asserted
spending → show → inflation
Among the sectors fueling higher core inflation is airfare, with jet fuel prices up 90% since this time last year.
asserted
airfare → fuel → time
Apple’s latest iPhone and autos — new and used as well as insurance for the vehicles — could also contribute.
uncertain
iPhone → use → vehicles
What to know about lung cancer following Pope Leo’s diagnosis
asserted
know → know → diagnosis
Pope Leo XIV has been diagnosed with lung cancer and had part of his right lung removed, the Vatican announced following the completion of his surgery yesterday.
asserted
Vatican → diagnose → surgery
Leo, 71, revealed the discovery of a small, localized nodule during his Sunday prayer.
asserted
Leo → reveal → prayer
He appeared in good spirits before he left the Vatican for the hospital.
asserted
he → appear → hospital
The cancer, adenocarcinoma, is the most common type of lung cancer seen in people who have never smoked.
asserted
who → see → people
Doctors don’t have a clear explanation for why lung cancer develops in non-smokers, although some theories include genetics, air quality and an aging population, according to Dr. Panagis Galiatsatos, a pulmonary and critical care physician at Johns Hopkins Medicine.
uncertain
theories → have → Medicine
Bank of America ordered to pay historic $1.2 billion fine
Bank of America ordered to pay historic $1.2 billion fine
asserted
Bank → order → fine
Bank of America was ordered to pay $1.2 billion, the third-largest penalty in Treasury Department history, for violating anti-money laundering and sanctions laws, the department said.
asserted
department → order → laws
As part of that total, the bank was ordered to pay $750 million to the Office of the Comptroller of the Currency, the largest fine it has ever levied.
asserted
it → order → Currency
The Treasury Department said the bank didn’t report “over $5 billion dollars in suspicious transactions,” including suspicious transactions “indicative of Chinese Money Laundering Networks, fraud, and potential trade-based money laundering.”
asserted
bank → say → Networks
The bank is also settling “its potential civil liability for 475 apparent violations of multiple sanctions programs,” the Treasury Department said.
asserted
Department → settle → programs
Jon Ossoff says he won’t run for president in 2028
Sen. Jon Ossoff has “zero interest” in running for president in 2028, he said during his second debate with Rep. Mike Collins, his Republican competitor in the Georgia Senate race.
asserted
he → say → race
Ossoff said he would serve a full six-year term if he wins re-election.
asserted
he → say → election
The remark came early in the hour-long debate, and Ossoff quickly transitioned to pressing Collins on why he has supported Trump’s tariffs.
asserted
he → come → tariffs
In addition to the economy, the pair debated the war in Iran and Collins’ son-in-law promoting white nationalist posts on social media.
asserted
son → debate → media
A recent NBC News polling average shows 52% of Americans want Democrats to have the majority in Congress, while 43% prefer the Republicans.
asserted
% → show → Republicans
But voters are split on which party they think would handle issues like the economy, health care, crime and immigration better.
asserted
they → split → economy
More politics news:
- U.S. Ambassador to Greece Kimberly Guilfoyle has resigned after a request from the White House amid a misconduct probe.
- A federal judge issued an order blocking the Trump administration from banning CNN, MS NOW and Politico from the White House complex while the news organizations’ lawsuit over access proceeds.
asserted
lawsuit → resign → access
- New White House press secretary Katie Zacharia’s first media briefing was unusually short and included questions from only conservative outlets.
asserted
briefing → include → outlets
- Trump said that “massive” oil, gas and mineral exploration is getting ready to begin in Greenland.
asserted
exploration → say → Greenland
For subscribers: How a conspiracy theory about Texas Democratic Senate candidate James Talarico began — and took hold.
asserted
theory → begin → hold
Staff Pick: Students call for change at Cornell
Cornell suspends fraternity events through end of year
asserted
Cornell → call → year
The allegations of a gang rape at a fraternity party at Cornell University have sparked outrage across the country and on the school’s Ithaca, New York, campus.
asserted
allegations → spark → campus
The university and local district attorney have defended their response, and Cornell announced yesterday that it’s suspending all “parties and social events” at fraternity houses for the rest of the academic year.
asserted
it → defend → year
Students who heard about the allegations two years ago said they believed the school would properly handle its investigation and support the accuser, known as Jane Doe.
asserted
school → hear → Doe
But now those students say they’re deeply disappointed at Cornell and are demanding changes.
asserted
they → say → changes
We spoke to some of them and took a look at how they’ve led demonstrations, town halls, and a sit-in — with more events to come.
asserted
they → speak → events
…and 11 more, not listed.
The Aporia
