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Apple is reportedly set to introduce a slimmer iPhone 17 Air model, potentially marking a shift towards portless iPhones. This new model will offer a blend of high-end and basic features while maintaining a similar battery life to current iPhones, but will feature a single 48-megapixel camera and no physical SIM card slot.

Anthony Scaramucci, a former Trump advisor, predicts that Elon Musk's close relationship with President Donald Trump will be short-lived, citing Trump's history of burning out those around him. Scaramucci believes Musk's influence may fade within six to eight months, but his wealth will likely prevent him from being completely sidelined.

The escalating trade tensions between the U.S. and its key trading partners are creating fresh concerns for the automotive industry, with Goldman Sachs analysts warning of potential production cuts and rising costs. Meanwhile, the U.S. Environmental Protection Agency is reversing dozens of Biden administration rules, including vehicle emissions standards.

Elon Musk and OpenAI CEO Sam Altman have agreed to expedite their legal battle over OpenAI's shift to a for-profit model, with the trial now scheduled for December. This decision comes after months of legal wrangling between the two parties, with Musk claiming that OpenAI "betrayed" its mission by introducing a for-profit arm and strengthening its alliance with Microsoft.

Rick Tariq Rahim, a Virginia businessman, was sentenced to 78 months in prison for tax crimes and an investment fraud scheme that cost the IRS over $4.4 million. Separately, Maureen Wilson of Maryland was convicted for her role in a massive insurance fraud scheme, facing up to 20 years in prison for each count of conspiracy, wire fraud, mail fraud, and money laundering, and up to three years for each count of filing a false tax return.