In a single day, SpaceX, OpenAI, and Meta each launched frontier AI models, all competing on price rather than intelligence. Other top tech news includes Iran striking Gulf States after a second day of US strikes during the biggest State Funeral ever, with the Hormuz Strait re-closed and Trump stating the MOU is “Over.” The S&P 500 neared record on chips optimism as oil dropped. Nvidia may regain China AI market access as Beijing considers allowing Alibaba and ByteDance to buy up to 200K H200 chips. Google and Microsoft are investing millions into PACs to influence lawmakers amid intensifying AI regulation discussions. The White House denied approving OpenAI's GPT-5 and GPT-6 rollout. US existing home sales dropped 2.4% in June to 4.09M units, with median price hitting a record $440K and inventory falling to 1.56M.