Hello, you're listening to the free edition of the world in brief from The Economist.

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

If you're already an Economist subscriber,

visit Economist.com slash espresso or visit our espresso app to start listening. Here's today's

free edition.

This is the world in brief from The Economist.

Our top stories.

America's House of Representatives passed the one big beautiful bill by 218 to 214 votes,

sending it to Donald Trump's desk ahead of its July 4th deadline.

Two Republicans voted against it. The Republican bill, which extends the tax cuts from Mr. Trump's

first term, is expected to increase the budget deficit and could leave an additional 12 million

Americans without health insurance.

Russia said that Mihail Gudkov, its second highest naval commander, who oversees the Navy's

coastal and land forces, was killed in Ukraine. He had reportedly been killed in combat operations in Kursk, a region of Western Russia

near its border with Ukraine. Mr. Goodkov is one of the highest-ranking Russian officers to be

reported dead, since the full-scale invasion began. The number of workers on non-farm payrolls rose by a surprisingly healthy 147,000 in America during June.

The unemployment rate fell slightly to 4.1%, also confounding expectations.

The robustness of the labour market will ease pressure on the Federal Reserve

to lower interest rates. Jerome Powell, the Fed's Belie Good Chair, had said that a rate cut in

July was not, quote, off the table. Open AI signed a deal worth $30 billion a year to rent 4.5 gigawatts of computing power from Oracle, a business software giant.

The agreement is part of the Artificial Intelligent Start-Ups Stargate Initiative to invest $500 billion in building AI infrastructure in the coming years.

Oracle plans to build several data centers across America

...