Major primaries are under way in six U.S. states, including a competitive governor’s race in California and a heated Los Angeles mayoral contest. Gas prices have eased to about $4.29 a gallon, though analysts warn the drop may be temporary. Russia launched a large-scale attack on Kyiv involving hundreds of drones and dozens of missiles, killing at least 17 people. The administration signaled plans to drop a $1.8 billion "anti-weaponization" fund, while AI-related IPO activity from companies such as Anthropic, OpenAI and SpaceX is drawing strong investor interest.
5 Things To Know For June 2: Primaries, Gas Prices Dip, Massive Kyiv Strike, $1.8B Fund In Doubt, AI IPO Surge
"I voted today" stickers. - Scott Morgan/Reuters/File
Do you remember when airport goodbyes happened at the gate instead of the curb? A growing number of U.S. airports are reviving that nostalgic tradition by allowing visitors to pass through security and walk loved ones to their gates, even without a plane ticket.
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Six states hold primaries today. Voters in California, Iowa, Montana, New Jersey, New Mexico and South Dakota go to the polls, with high-profile contests including California’s open governor’s race and a contentious battle for Los Angeles mayor.
Gas prices ease but remain high. National averages have fallen to about $4.29 per gallon, according to AAA, down from a recent peak of $4.56 on May 21. Analysts warn the relief could be temporary; prices remain well above the pre-war average of $2.98 per gallon. Much of the recent drop reflects easing oil prices amid hopes a potential U.S.-Iran agreement could reopen the Strait of Hormuz, which had been closed for 94 days.
Large-scale attack on Kyiv. Russian forces launched a broad assault early today across Ukraine, with Ukrainian officials reporting a strike on Kyiv involving more than 600 drones and dozens of missiles, including advanced hypersonic weapons. Authorities said at least 17 people were killed.
Administration signals $1.8 billion fund may be dropped. The White House has told Republican congressional leaders it plans to abandon a proposed $1.8 billion "anti-weaponization" fund, though officials have not confirmed the decision is final. Several senators said they will not move ahead on funding for ICE and Border Patrol until they are certain the fund is permanently off the table rather than postponed.
AI-related IPOs attract market attention. A wave of AI companies — including Anthropic, OpenAI and SpaceX — are moving toward public offerings, fueling investor interest. The AI boom is also benefiting firms tied to the massive data centers that power these models, extending gains beyond traditional big tech names.
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Florida has filed a lawsuit against OpenAI, alleging its platform poses safety risks to children.
A new book released today provides a candid account of a former first family's time in the White House, the end of a political career and perspectives on key moments from inside the administration.
An NBA superstar announced a partnership with Li-Ning for his signature sneaker line, ending his free agency in a significant move for the Chinese sportswear brand.
Pop star Dua Lipa married actor Callum Turner in a striking skirt suit and gold-lined hat that evoked 1970s bridal style.
One new release has surged on the charts, reaching listeners "to infinity and beyond."
When complete, a driverless monorail network could become the longest of its kind in the world.
Video captured a fireworks factory erupting in Malta on Monday; authorities said no workers were inside and there were no reported injuries.
Today’s edition of 5 Things AM was edited and produced by Andrew Torgan.
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