U.S. Strikes on Iran Delayed Nuclear Program by Just Months
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Here is your Morning Brief for Wednesday, June 25th. I'm Kate Bullivant for The Wall Street Journal.

US military strikes on Iran last weekend only set back its nuclear ambitions by a few months, shutting off the entrances to a pair of nuclear sites but not collapsing their underground structures. That's the conclusion of a Defence Intelligence Agency damage assessment, according to people familiar with the intelligence. These findings are at odds with the White House and President Trump, who had said that the targets of the raids were destroyed.

The White House press secretary called the assessment flat-out wrong and blamed a leaker for sharing the classified report. The Office of the Director of National Intelligence, which oversees all intelligence agencies in the US government, declined to comment. The Defense Intelligence Agency didn't respond to requests for comment.

A federal judge in California has found that Anthropic's use of books to train its artificial intelligence models was legal under U.S. copyright law in circumstances where it had purchased those books. However, the judge said the ruling doesn't apply to 7 million books Anthropic obtained through pirated means, over which it'll face another trial.

Legal experts say the ruling could have broad implications for intellectual property and help to shape future litigation against AI companies.

And FedEx shares are down more than 5% in off-hours trading after the packaged shipping company said tariffs are weighing on its international business. The company said it saw some of the biggest declines in shipping across the Pacific Ocean during the recently ended fourth quarter and didn't provide a full-year outlook.

Stock markets in Asia ended the day higher, while European markets are looking for direction in midday trading. And US stock futures are mixed ahead of earnings from General Mills due out this morning. And we have a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts. Think about a bicycle.

It takes balance to get where you want to go. Now think about business. Whatever your business or organization, you ride the line between numbers and people. Just like the bike, it takes balance. CLA, CPAs, consultants, and wealth advisors. We'll get you there. CLA, Clifton, Larson, Allen, LLP is an independent network member of CLA Global. Investing involves risk, including risk of loss. Investment advisory services are offered through Clifton, Larson, Allen, Wealth Advisors, LLC, and SEC Registered Investment Advisor.