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Congress Cracks Down on Wall Street's Single-Family Home Empire
The 21st Century ROAD to Housing Act, signed into law on July 11, 2026, bars large institutional investors from buying single-family homes, caps firms at 350 properties, and requires divestment to individual buyers within seven years. With investors holding nearly 19% of the single-family purchase market in early 2026, the law could reshape housing inventory flows.

The UK's Voluntary Social Media Curfew for 16- and 17-Year-Olds: What It Does and Where It Falls Short
The UK government has proposed a voluntary overnight social media curfew for 16- and 17-year-olds, paired with default-off autoplay and infinite scroll features. While pilot data shows high retention of restrictive settings, the same research found overnight-only limits do not reduce overall screen time, creating a gap between compliance and effectiveness.

TSMC's Q2 2026: Record Profit, Accelerating Growth, and the AI Demand Behind It
TSMC posted record Q2 2026 net profit of about USD 22 billion, up 77% year-on-year, with revenue growth accelerating to 36%. The results beat already-elevated market expectations, driven by AI demand and operating leverage on advanced chip manufacturing nodes.

Trump Tells Congress Iran Hostilities Resumed, Starting New 60-Day Military Clock
President Trump notified Congress that hostilities with Iran resumed on July 7, 2026, starting a new 60-day military window under the War Powers Resolution. The move follows congressional efforts in both chambers to halt U.S. military action against Iran and reverses Trump's earlier statement that hostilities had terminated.

Senate Panel Questions Trump's Intelligence Nominee on Election Fraud Claims
Jay Clayton, President Trump's nominee for Director of National Intelligence, faced questioning from the Senate Intelligence Committee on July 15, 2026, with Democrats pressing him on the president's election fraud claims. The hearing followed a closed briefing the day before and no vote has been scheduled.

Councils to be required by law to plan for climate change — but cost-sharing deferred
The Government will require councils by law to plan for climate change impacts, but has deferred decisions on how adaptation costs will be shared between central and local government, drawing pushback from mayors already dealing with repeated weather emergencies.

Kaikōura picks Marlborough as preferred amalgamation partner; Marlborough seeks more community input
Kaikōura District Council has named Marlborough as its preferred amalgamation partner. Marlborough's council has agreed to seek more community feedback before committing, with an outline proposal due to the government by 9 August under the Head Start pathway.

xAI Sues a Grok User for Generating Nonconsensual Sexualized Deepfakes
xAI has sued a South Carolina man for using Grok to generate nonconsensual sexualized deepfakes of adults and minors, marking one of the first cases of an AI company suing its own user for model misuse. The suit comes amid sweeping regulatory and legal pressure on xAI over Grok's image-generation capabilities.

Applied Computing Raises $20M to Build an AI Model for Oil and Gas Plants
Applied Computing has raised $20M to build Orbital, an AI model that combines time series, physics, and language models to help oil and gas plants detect anomalies, find root causes, and simulate fixes in minutes.

Fed Chair Warsh Tells Congress He's "Determined" on Inflation, but Wire Services Say He Avoided Specifics
New Federal Reserve Chairman Kevin Warsh told Congress the Fed is "determined" to control inflation in his first semiannual testimony, but the Associated Press and Reuters reported that he sidestepped senators' questions on specific policy details, AI, and contact with President Trump.