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AXIOS (Courtenay Brown) - The K-shaped economic divide might be narrowing

For years, the economy has looked K-shaped . There's new evidence that some of that divide is beginning to narrow. - The wage-growth gap between lower- and middle-income workers has disappeared — with pay gains among lower-income workers nearly matching those of their higher-income counterparts. - Spending growth among lower- and higher-income households is the most similar in years. Why it matters: A resilient labor market is chipping away at one dimension of the K-shaped economy, even as the wealth divide remains firmly intact. Source: Bank of America Institute By the numbers: Bank of America Institute, drawing on anonymized customer deposit account data, estimates that lower-income households saw after-tax wage growth accelerate…

NYTIMES (C.J. Robinson) - Maine Democrats Hope to Replace Platner as Senate Nominee. Has That Ever Worked?

Graham Platner is one of just a handful of candidates in recent decades who have withdrawn from a Senate race after securing a major party nomination.

AXIOS (Amy Harder) - Microsoft's AI boom collides with its climate goals

Microsoft's latest environmental report shows the growing tension between its race to build AI infrastructure and its long-standing climate commitments. Why it matters: The report mirrors recent disclosures from Google and Amazon , whose emissions and resource use have also climbed alongside AI growth. Driving the news: Like its tech peers, Microsoft's environmental impact indicators largely continued moving upward. - Its total greenhouse gas emissions are up 25%, fueled by both its growth in digital infrastructure, especially AI, and changes to the company's electricity procurement strategy. - The company said a key measure of data-center water-use efficiency improved 25% from its 2022 baseline, putting it on track toward a goal of…

NPR (Jaclyn Diaz) - Former Olympian pleads not guilty in reflecting pool vandalism charges

Canoeist David Hearn plead not guilty in D.C. Superior Court Thursday to a charge of destruction of property causing more than $1,000 in damage to the Lincoln Memorial Reflecting Pool.