Axios

The Ukrainian military is proving it can blow up pretty much whatever it wants.

Why it matters: Fewer and fewer places feel safe inside Russia, as oil facilities, weapons factories, convoys and bombers burn.

OpenAI may give the U.S. government a 5% stake in the company, per the Financial Times. The proposal is in very preliminary conversations, according to a person familiar with the matter.

Why it matters: If the overture is taken up by the Trump administration, that would mean the government would have a vested interest in weighing whether or not to limit the release of an OpenAI model.

The average regular U.S. gasoline price is $3.85 as of Thursday morning, per AAA data.

Why it matters: That's lower than it was, but it's by far the highest price heading into the July 4 weekend since 2022, when the national average was $4.80 on the holiday itself.

The U.S. economy added 57,000 jobs in June, while the unemployment rate ticked down to 4.2%, the government said Thursday.

Why it matters: Hiring lost momentum after months of surprising strength — a sign that economic uncertainty might be weighing on employers.