Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US said it intercepted an Iranian attack on military bases, ending a dayslong pause in fighting and increasing the risk of a return to full-blown war in the Middle East.

(2) SK Hynix earmarked at least $31 billion in capital spending this year after reporting a six-fold surge in quarterly profit, a record outlay that coincides with growing fears about overinvestment in AI capacity.

(3) An OpenAI artificial intelligence agent that breached systems at the startup Hugging Face Inc. earlier this month also compromised a customer of the technology company Modal.

(4) Firefighters in Spain and France are racing to contain wildfires threatening Madrid and Bordeaux as Europe’s fourth heat wave of the summer hinders efforts to bring the blazes under control.

(5) UEFA is considering a boycott of FIFA events, according to a person familiar with the matter, in a seismic rift between the most powerful governing bodies of football.
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