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City Hall Talent Search: Can Mamdani Persuade New York to Elect Its Youngest Mayor in a Century? (New York Times)
To actually win on June 24, Assemblyman Zohran Mamdani and his allies confront a fundamental challenge. He must persuade New Yorkers to entrust what many consider to be the hardest job in the country, second only to presidency, to a 33-year-old upstart who until recently managed just five paid staff members. (Reminder to NYC residents: early voting begins this Saturday, June 14.)
Higher Ed Latest: Colleges Hope to Stave Off Big Tax Hike by Pledging to Spend More Endowment Cash (Wall Street Journal)
The current version of Trump’s tax bill, which passed the House last month, includes a hefty, 21% annual tax on the wealthiest schools’ investment income, up from the current 1.4% rate.
Now, nearly two dozen schools, including many of the wealthiest, support a requirement to distribute 5% of their endowments’ value annually. Backers of the plan include Harvard, Yale, Princeton, Stanford, Johns Hopkins, Duke and Rice universities, as well as the University of Chicago.
Latest in Health: N.I.H. Workers Denounce Trump's 'Harmful' Health Policies (New York Times)
More than 60 employees of the National Institutes of Health signed their names to a scathing letter sent on Monday to Dr. Jay Bhattacharya, denouncing what they described as the degradation of the country’s medical research apparatus under Donald Trump.
The letter, a remarkable rebuke of the agency’s leadership, enumerated Trump administration actions that it said had jeopardized the agency’s status as the premier global funder of medical research. Today, Dr. Bhattacharya is scheduled to appear before a Senate appropriations subcommittee to answer questions about the administration’s proposal to shrink the N.I.H. budget by $18 billion, a reduction of almost 40 percent.
Future of Vaccines at Risk? RFK Jr. Removes All Members of CDC Panel Advising on Vaccines (Bloomberg)
The Department of Health and Human Services is retiring the 17 members of a committee of government vaccine advisers, Secretary Robert F. Kennedy Jr. said Monday, arguing that the move would 'restore public trust.'
RFK's replacements are expected to introduce anti-vaccine ideology to the influential panel. The panel evaluates vaccine data at public meetings and was due to meet later this month to discuss COVID vaccines, among other topics.
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Escalation in Ukraine: Russia Launches Biggest Drone Assault of the War, Ukraine Says (New York Times)
Despite pressure from the Trump administration to work toward a cease-fire, Russia has been stepping up its large-scale barrages in recent months. That effort has further escalated since Ukraine mounted coordinated drone strikes on strategic bombers at air bases inside Russia on June 1.
Europe's Response: NATO’s Secretary General Mark Rutte Calls For ‘Quantum Leap’ in Defense Investment (Bloomberg)
Left in Elon's Wake: More Federal Workers Are Flooding the Job Market, With Worsening Prospects (New York Times)
With Musk’s time in Washington now done, a fuller picture of just how completely he and Trump have upended the role of government is coming into view. Federal tax dollars underpin entire professions, directly and indirectly, and the cuts led by Musk’s operation have left some workers with nowhere to go.
In Washington, D.C., and the surrounding area, the disruption has the hallmarks of the collapse of an industrial cluster, not unlike the disappearance of manufacturing jobs in the upper Midwest during the 2000s. Except this time, it is moving at lightning speed.
Class of 2025: New Grads Join Worst Entry-Level Job Market in Years (Bloomberg)
There are signs the most recent college grads are facing especially brutal conditions, thanks in part to the rise of artificial intelligence, which is replacing some entry-level positions, and the hiring freezes implemented across much of corporate America under the threat of Donald Trump’s on-again-off-again tariffs.
Financial News: Jefferies Hiring Spree Shows Outsourcing Boom on Wall Street (Bloomberg)
Cutting Costs: Barclays Cuts More Than 200 Investment Bank Jobs to Reduce Costs (Bloomberg)
Talk of Tennis: Novak Djokovic Hints at Retirement After French Open Exit with Wimbledon Looming (CBS Sports)
The talent gap between Djokovic, the lone active player remaining from the 'Big Three,' and the game's elite is growing despite his current No. 5 world ranking. Djokovic hasn't won a major since capturing three in 2023 and is now dealing with a "muscular issue" that worsens the more he plays.
Broadway is Back! Tony Awards Draw Best Audience In 6 Years On CBS, Up 38% (Deadline)
Sunday night's ceremony, hosted by Cynthia Erivo from Radio City Music Hall, boasted 4.85M viewers on CBS. The telecast also drew the largest streaming audience ever for Paramount+, up 208% year-over-year.
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