Headlines From The Times

Truth Social's new Truth API is set to launch August 1, offering paying clients real-time access to posts from President Trump and other top administration officials. The service reportedly costs $100,000 per month and is designed to help institutional investors react to breaking news in milliseconds.

L.A. Times Studios' Faith Pinnow speaks with former White House chief ethics lawyer Richard Painter, who argues the service raises significant ethics and legal questions. He explains why he believes giving paying firms faster access to market-moving information could create an unfair advantage, benefit the president financially, and potentially draw scrutiny from federal regulators.

And, Los Angeles is in the midst of an unusually humid weather pattern, making this summer feel much hotter than normal and contributing to more heat-related emergency room visits across LA County. Meteorologists say monsoon moisture, tropical storm remnants and warm ocean waters are to blame.

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Trump Media & Technology Group is launching a new service that gives paying customers real time access to President Donald Trump's Truth Social posts, potentially milliseconds before others see them. The new "Truth API" could benefit institutional investors and high frequency trading firms, where even fractions of a second can be worth millions of dollars.

In this episode, we speak with L.A. Times business columnist Michael Hiltzik about the legal and ethical questions surrounding the service, why Wall Street reacts so quickly to the president's posts, and whether the $100,000 per month product could become a major new source of revenue for Trump Media as the company looks to offset steep financial losses.

Netflix has acquired Ben Affleck's AI film-tech startup, InterPositive, for $587 million. The company says the technology will help speed up filmmaking while keeping creators in control, as Hollywood continues to debate the future of AI in entertainment.

A Los Angeles Times investigation found that homeless nonprofit A Step to Freedom paid more than $1.7 million to companies owned by its CEO over three years. County officials later determined the food service contract created a conflict of interest, though no criminal allegations have been made against the organization.

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President Trump is threatening to bomb Iranian bridges and power plants for every attack Iran carries out against ships in the Strait of Hormuz, marking a dramatic escalation in the nearly five month conflict. Iran is warning of an "eye for an eye" response, while attacks in the Red Sea and rising oil prices are fueling concerns the war could spiral into a wider regional conflict.

Meanwhile, lawmakers have introduced the bipartisan "AI Kill Switch Act," which would require the nation's largest AI companies to build emergency shutdown capabilities into their most advanced systems. The proposal comes just days after OpenAI disclosed an unprecedented cyber incident in which one of its AI models hacked another company's servers, reigniting debate over how to regulate rapidly advancing artificial intelligence.

And, Dodgers rookie catcher Dalton Rushing snapped out of a slump during Dodgers’ win over Phillies before the team is set to visit the White House, Thursday.

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The Trump administration is withholding an additional $1 billion in Medicaid funding from California and Minnesota, marking the second time this year the federal government has targeted the states' public health insurance programs over suspected fraud. While the withheld funds make up a relatively small share of each state's Medicaid budget, the loss could still impact programs providing behavioral therapy for children with autism and in-home care services helping people with daily tasks like bathing, eating, and taking medications. 


Meanwhile, the average cost of living in Miami is now more expensive than in the New York City metropolitan area, according to the Bureau of Economic Analysis, with housing in Miami about 5% higher than in the New York area. Once seen as the cheaper alternative to New York with the added attraction of no state income tax, Miami has gotten pricier as the ultra-wealthy are buying properties there. In Palm Beach, firms like BlackRock and Redbird Capital Partners are opening up new offices, earning the area a new nickname: "Wall Street South."

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The Paramount-Warner Brothers saga continues as a federal judge in California hit pause on one of Hollywood's biggest mergers. The ruling temporarily blocks the $111 billion merger of Paramount-Skydance and Warner Brothers Discovery after a coalition of 12 state attorneys general, led by California AG Rob Bonta, filed a restraining order to stop the deal.

Meanwhile, the United States' trade war is escalating with Canada as the Trump administration is slapping a new set of 50% tariffs on goods ranging from wine to hockey sticks to cement. The administration says the broad tariffs are in response to what they view as Canada's “discriminatory treatment” of U.S. auto, alcohol, and dairy industries.

Marvel Studios has released the first full trailer for "Avengers: Doomsday," featuring Doctor Doom, the return of Steve Rogers & a massive team-up of the Avengers, Fantastic Four, Thunderbolts & X-Men ahead of the film's December release.

And, a new UC San Diego study found e-bike injuries are rising rapidly across California, with the highest number of injured riders being 14 years old or younger. Researchers say e-bike crashes are also more likely to result in serious injuries than traditional bicycle accidents.

Read more at https://LATimes.com