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Today we're covering a sports betting giant, why Gen Z is losing work to AI, and how systems beat obsessing over the scoreboard.

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European Union officials will coordinate from the sidelines as France, Germany, and Britain meet with Iranian Foreign Minister Abbas Araghchi in Geneva on Friday. The talks aim to address Iran's nuclear program amid escalating regional tensions. EU foreign policy chief Kaja Kallas will meet with European ministers beforehand, though formal EU participation remains uncertain.

The meeting marks the first E3-Iran dialogue since January, before Donald Trump's presidential inauguration. Previous indirect US-Iran talks through Oman failed after Israeli military strikes on Iran cancelled the sixth planned round. The 2015 Joint Comprehensive Plan of Action collapsed when Trump withdrew the US, significantly reducing European influence in nuclear negotiations with Tehran (Iran Nuclear Deal).

European ministers seek credible guarantees that Iran's nuclear program remains civilian. The EU hopes its behind-the-scenes coordination can influence outcomes despite its diminished role since former High Representative Federica Mogherini's tenure. Brussels aims to keep diplomatic channels open for potential multilateral negotiations on Iran's nuclear activities. See how the US is dealing with Iran here.

Sports betting company DraftKings announced Wednesday it filed with the Federal Election Commission to create a corporate political action committee. The PAC will operate as a separate segregated fund, allowing solicitation of contributions only from individuals associated with the company. DraftKings said the committee will support candidates interested in issues affecting their business operations.

The company faces ongoing scrutiny over alleged anticompetitive practices in the sports betting industry. Bipartisan lawmakers previously urged federal agencies to investigate DraftKings after a failed 2016 merger with FanDuel raised antitrust concerns. The company has not directly addressed alleged wrongdoing but emphasizes improving consumer gambling experiences through regulatory advocacy.

DraftKings plans to monitor regulatory, tax, and licensing policies nationwide, citing Illinois' recent tax increases as hampering customer service. The company spokesperson said higher taxes push players toward unregulated illegal markets. DraftKings aims to expand legal, regulated online betting markets while building customer trust through political engagement. What is a PAC?

Entry-level positions are rapidly disappearing as AI automation targets routine tasks typically performed by new graduates. MIT's Daniela Rus said current AI systems excel at automating well-defined work that traditionally served as career stepping stones. A March YouGov survey found 56 percent of Americans use AI tools, with Generation Z leading adoption at 76 percent usage rates.

Born between 1997 and 2012, Gen Z will comprise 30 percent of the global workforce according to Bureau of Labor Statistics projections. However, economic concerns and technological disruption create challenging graduation conditions. President Trump's tariff policies have sparked recession fears, while companies report slower entry-level hiring. LinkedIn's chief economic opportunity officer compared the shift to 1980s manufacturing decline (see more).

Experts remain cautiously optimistic about Gen Z's prospects despite workforce transformation. Their digital nativity and AI fluency make them attractive to employers seeking technological innovation. Stanford's Melissa Valentine emphasized companies must adapt to leverage Gen Z's superior AI skills. Future roles will demand emotional intelligence, communication, and critical reasoning alongside technical abilities, creating new career pathways. Many employers are hiring those competent in AI.

Bill Walsh's framework: Build systems so excellent they make winning inevitable

NFL Legend Bill Walsh discovered that chasing the score guarantees failure—obsessing over process guarantees success. After seven straight losses left him sobbing on a plane, Walsh stopped looking at scoreboards and started perfecting everything else—how players dressed, practiced, and treated teammates. His Standard of Performance demanded excellence in every micro-detail while ignoring win-loss records entirely.

The breakthrough: the moment you stop chasing results, you start getting them. Walsh turned a weak-armed quarterback into the revolutionary West Coast offense by focusing on precision over power. Excellence in execution beats talent focused on outcomes. His teams won Super Bowls because they perfected fundamentals while competitors obsessed over scoreboards.

Why this matters: Most people fail because they obsess over results instead of perfecting the process that creates results. Get the book here. Analysis here.

Kevin Kelly's math that changed the creator economy: you don't need millions to make a living. Kelly discovered that creators obsessing over viral fame miss the sustainable path: cultivating 1,000 superfans who'll buy anything you make. His formula: if each true fan spends $100 yearly on your work, that's $100,000 income. This isn't about settling for less, but building something more reliable than viral lottery tickets. Kelly predicted crowdfunding, Patreon, and the entire creator economy before they existed. Read the article here. 2-minute animated version here.

> 'Jaws' turns 50 since terrifying moviegoers June 20, 1975, earning inflation-adjusted $1.56 billion as first summer blockbuster (More). | Read about “Da Duh” (More).

> SpaceX Starship explodes during Texas testing Wednesday night, marking latest setback for Elon Musk's 400-foot mega rocket (More). | See the video (More).

> Blank Street Coffee hits $500M valuation targeting teens with sugary matcha drinks accounting for 50% of business (More).

> McDonald's faces nationwide boycott planned June 24-30 by People's Union USA over corporate accountability (More).

> Home Depot bids for GMS in $5B building-products battle against serial dealmaker Brad Jacobs' $95.20 offer (More).

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