Axios

President Trump is mired in risk:

• Risk his Iran war of choice goes bad.
• Risk the February job losses are a trend, not a blip.
• Risk the stock market keeps dropping.
• Risk his tariffs, and now soaring oil costs, are pushing prices higher.
• Risk that deregulated AI accelerates job losses.
• Risk that Democratic enthusiasm leads to a midterm wipeout.

Why it matters: Trump fancies himself a high-risk, high-reward president, a confidence cheered by the vast majority of Republican officials and voters. But risk is risk — and by most measures, it's rising everywhere.

Iraq's Kurds are caught in a three-way vise as the Iran war spills across their border:

• They're uncertain, based on President Trump's messaging, whether the U.S. actually wants regime change next door.
• They're under pressure to open the border from Iranian Kurds who want to fight the regime.
• And they're facing a public threat — backed by a private warning — that Iran will retaliate if those militants attack from Iraqi Kurdish soil.

Why it matters: The Kurds of northern Iraq have carved out a stable, semi-autonomous region in one of the world's most volatile neighborhoods. Now, the war next door is threatening to make their neutrality impossible to hold.

An AI agent went rogue and started a side hustle mining cryptocurrencies, according to a new research paper published by an Alibaba-affiliated team.

Why it matters: AI agents don't always stick to their human's instructions — and that can have real-world consequences.