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Ryland Barton
Live from NPR News in Washington, I'm Ryland Barton. President Trump says he has called off new military strikes on Iran hours after threatening to escalate the war. He says a peace deal will be in place within the next few days. Trump has said several times before that the war is ending, but insists this time is different.
President Trump
They've taken a pounding. They've taken a pounding like very few people could take, and they want to make the deal a lot more than I do. And we could have had it done the other way, I guess, but it would have taken longer.
Ryland Barton
Earlier today, Trump threatened major strikes and to seize control of Iran's oil and gas industries as escalating attacks pushed the Middle east closer to a full scale war. Trump told FOX News that while he would prefer to take over Iran's Kharg island oil terminal, he wasn't sure, quote, America has the stomach for it. President Trump is floating a meeting with top AI executives to discuss how the public could share in the wealth created by the industry. NPR's Windsor Johnston reports.
Windsor Johnston
President Trump has suggested AI companies should find ways to give back to the public, while some Democrats argue the benefit should extend beyond the companies and investors driving its development. Helen Nissenbaum, a professor at Cornell Tech, says she's not convinced that government ownership would automatically benefit the public.
President Trump
Maybe the Treasury Department will benefit, but
Ryland Barton
how does that redound to the rest of US citizens?
Windsor Johnston
Some AI companies are raising similar concerns. OpenAI has prop a public wealth fund tied to AI profits. Anthropic has called for policies to help workers if the technology displaces jobs on a large scale. Windsor Johnston, NPR News, Washington.
Ryland Barton
High inflation has not stopped US Households from spending. The bank of America Institute reported credit and debit card spending was up 5.1% in May from a year earlier. NPR's Stephen Basaha has more.
Stephen Basaha
Even if you take gas out of the equation, spending was up 3.3.9%. Consumers also bought more tickets to fly, despite airfare being up 27% from last year. David Tinsley is senior economist at the bank of America Institute, and he says the spending is continuing despite economic tailwinds from inflation. Almost to a surprising extent, most consumers are weathering those. But there are some tension points for lower and middle income households.
Ryland Barton
Their spending growth is actually running still a little bit ahead of their wage
Stephen Basaha
growth, meaning some consumers have to make that up in other ways, like cutting it to how much they're saving or what savings they have. Stephen Bisaha, NPR News.
Ryland Barton
A massive UFC event is set to take over the White House's south lawn this weekend. The temporary arena includes a towering structure, structure of lights, speakers and wiring called the Claw. The event celebrates President Trump's 80th birthday and the 250th anniversary of the Declaration of Independence. The National Park Service is contesting a lawsuit to block it. UFC is paying the $60 million. This is NPR News. The opening of a bridge across the Detroit river from Canada to the U.S. that President Trump previously threatened to block has been delayed. The Windsor Detroit Bridge Authority says a ribbon cutting ceremony scheduled for tomorrow has been postponed to resolve any outstanding issues. The Gordie Howe International Bridge is jointly owned by Canada and Michigan and was expected to open to traffic later this month. Federal forecasters say the cyclical weather pattern El Nino has officially begun, and as NPR's Nate Rott reports, it could be one of the strongest on record.
Nate Rott
El Nino is a periodic weather pattern in the Pacific Ocean that can cause major shifts in global weather patterns, bringing hotter temperatures and more extreme weather to many parts of the world. The national oceanic and Atmospheric Administration says there's a 63% chance it becomes a very strong event, what some scientists call a super El Nino over the coming months. Forecasters warn it's impossible to predict how the shifting weather will play out exactly, but previous research has shown that El Ninos can exacerbate drought in some areas while bringing torrential rains to others. Further complicating forecasts is global warming and how El Nino plays out on top of an already rapidly warming planet. Nate Rott, NPR News.
Ryland Barton
A man said to be the last child of a Union Civil War veteran has died, according to Sons of Union Veterans of the Civil William Poole of Bolivar, Missouri, died at age 101. Poole's father, Charles Parker Poole, served in the 6th West Virginia Volunteer Infantry Regiment. He was 80 years old when William Poole was born in 1925. This is NPR News from Washington.
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Hosted by Ryland Barton | Date: June 12, 2026
This five-minute news briefing covers major developments in U.S.-Iran relations, AI policy proposals from President Trump, U.S. consumer spending trends, a high-profile UFC event at the White House, infrastructure updates, climate news regarding El Niño, and a unique historical milestone.
[00:00 - 00:31]
“We could have had it done the other way, I guess, but it would have taken longer.”
— President Trump, [00:26]
[00:31 - 01:42]
[01:42 - 02:32]
“Some consumers have to make that up in other ways, like cutting into how much they’re saving or what savings they have.”
— Stephen Basaha, [02:25]
[02:34 - 03:03]
[03:03 - 03:32]
[03:32 - 04:14]
“El Niños can exacerbate drought in some areas while bringing torrential rains to others. Further complicating forecasts is global warming and how El Niño plays out on top of an already rapidly warming planet.”
— Nate Rott, [03:48]
[04:14 - 04:40]
The briefing maintains NPR’s straightforward, factual reporting style—urgent, clear, and briskly informative.
This NPR News Now episode distills the day’s crucial headlines into concise updates, providing context and expert insights while highlighting ongoing stories in U.S. politics, economics, technology, and history.