Axios

The government will withdraw subpoenas from New York Times journalists over their reporting on President Trump's Qatari-gifted jet, multiple outlets reported Thursday.

Why it matters: The administration backed down in a battle with the media on the eve of the rescheduled White House Correspondents' Association Dinner where Trump is expected to speak.

Vance Boelter, the man who dressed up like a police officer and killed former Minnesota House Speaker Melissa Hortman and her husband Mark last summer, was given two life sentences followed by 40 years in prison by a federal judge Thursday.

The big picture: The sentence puts Boelter behind bars without a possibility of parole and brings some resolution to a politically motivated crime that rocked Minnesota.

The Democrats' main Senate super PAC is booking another $54 million in TV ads for the midterm campaign's final stretch, targeting four Republican-held seats.

Why it matters: The new reservations offer a roadmap to where Democrats think they can flip seats.

Nvidia CEO Jensen Huang wants Washington to stop letting "science fiction" about AI influence policy — telling me in an hourlong interview that overreaction could slow adoption and weaken America's competitive edge.

• Why it matters: Huang is influential with the Trump administration, putting him at the center of a debate with enormous consequences for America's AI future.

A markets mystery has perplexed some analysts this year: Why are stocks sitting near all-time highs while the global economy is rocked by geopolitical conflict and inflation pressures?

Why it matters: The usual retort is that the stock market is not the economy, but a new report from Moody's offers a more nuanced explanation.

• Markets have adjusted to the new economic world order — you just have to know where to look.

A long-simmering feud between Black and Latino leaders in the Democratic Party exploded into the open Wednesday over which state should vote first in the 2028 presidential primary — South Carolina or Nevada.

Why it matters: The racially fraught battle could help determine which candidates will have an early edge in the race to be the party's next nominee for the White House.

An independent study finds Waymo's robotaxis are involved in fewer crashes than human drivers — a key milestone for earning public trust.

Why it matters: The research from the Insurance Institute for Highway Safety offers some of the strongest evidence yet that driverless vehicles can outperform human drivers on safety.

The U.S. military used a B-1 long-range bomber on Tuesday to strike Islamic Revolutionary Guard Corps targets in Iran, U.S. officials said.

Why it matters: It was the first time the U.S. conducted a B-1 mission since fighting with Iran resumed 12 days ago.

House Judiciary Chair Jim Jordan (R-Ohio) referred former Special Counsel Jack Smith to the Justice Department on Wednesday, alleging he knowingly made false statements during congressional testimony last year.

Why it matters: The referral escalates House Republicans' efforts to scrutinize the former special counsel who prosecuted President Trump, even though the Justice Department is not required to act on congressional criminal referrals.

Doctor and former state Rep. Amish Shah defeated Marlene Galán-Woods in the Democratic 1st Congressional District primary, and will face former Arizona Cardinals kicker Jay Feely in November.

Why it matters: It's difficult to imagine either party winning control of the House without this seat.