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Helicopter Crash Over Hudson, Supreme Court Orders Return of Deported Salvadoran Man, Iran Weighs Interim Nuclear Deal, Wall Street Tumbles, ChatGPT Revamps Its Memory

Your Executive Brief đŸŒ

Six Dead in Helicopter Crash Over Hudson

A devastating helicopter crash in the Hudson River near Jersey City on Thursday afternoon claimed the lives of six people, including a Spanish executive, his wife, and their three young children. The Bell 206 helicopter, operated by New York Helicopters, took off from the Downtown Manhattan Heliport at 2:59 p.m. and crashed less than 30 minutes later, with witnesses describing it breaking apart mid-air before hitting the water upside down. The pilot, also killed in the crash, was 36 years old. Emergency divers from the NYPD and FDNY recovered the victims and began retrieving parts of the wreckage, some of which are still missing. The NTSB has launched a full investigation, and operations around the crash site have been temporarily halted.

At least 32 people have died in helicopter crashes in NYC since 1977. The last fatal NYC helicopter crash occurred in 2019, when a helicopter crashed into a skyscraper.

Supreme Court Orders Return of Deported Salvadoran Man

The U.S. Supreme Court has ruled that the federal government must assist in the return of Kilmar Abrego Garcia, a Salvadoran man deported in error by the Trump administration. Abrego Garcia, who had been living in Maryland with a valid work permit since 2019, was deported to El Salvador on March 15 following a brief detainment and questioning over alleged gang affiliations. A district court had already ordered the government to "facilitate and effectuate" his return, and the Supreme Court largely upheld this order while directing clarification on aspects potentially overstepping judicial authority in foreign affairs. The deportation violated a 2019 ruling that granted Abrego Garcia protection from removal due to the threat of persecution in El Salvador. The Justice Department admitted to an "administrative error" in the deportation but defended the removal itself.

The U.S. Supreme Court has a 6-3 conservative majority but ruled unanimously to uphold the lower court's core directive.

Iran Weighs Interim Nuclear Deal Amid U.S. Deadline and Military Tensions

Iran is considering proposing an interim nuclear agreement with the United States as a temporary step toward a more comprehensive deal, according to diplomatic sources cited by Axios. The move comes as President Donald Trump has imposed a tight two-month deadline for reaching a new nuclear accord and ordered a military buildup in the Middle East as a fallback option. Iranian officials reportedly see the timeframe as unrealistic for a fully detailed agreement and view a provisional deal as a way to prevent immediate escalation. The potential interim arrangement could involve limited nuclear rollbacks—such as suspending uranium enrichment and increasing international inspections—while requesting a pause in Trump's "maximum pressure" sanctions campaign. However, skepticism remains in Washington about whether Tehran is genuinely committed to rolling back its nuclear program or merely buying time. Talks are expected to take place this weekend in Oman, with U.S. envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi participating, possibly through Omani mediation.

The 2015 Iran nuclear deal (JCPOA) included strict limits on Iran's nuclear program in exchange for sanctions relief but was unilaterally abandoned by Trump in 2018.

Wall Street Tumbles as China-Focused Tariffs Overshadow Cooling Inflation

U.S. stock markets saw a sharp downturn on Thursday as investor optimism from the previous day’s rally evaporated, following President Donald Trump’s renewed tariff focus on China. The Dow Jones Industrial Average plunged 1,015 points (2.5%) after falling over 2,100 points earlier in the session. The S&P 500 dropped 3.5%, and the tech-heavy Nasdaq sank 4.3%, marking one of its worst single-day performances in months. Treasury yields reflected market anxiety: the 2-year yield fell to 3.85% while the 10-year dipped slightly to 4.39%. The 30-year yield, however, rose for the fourth consecutive day to 4.85%, its largest four-day jump since March 2020. This volatility came despite a better-than-expected March inflation report, with CPI rising just 2.4% annually. Analysts warned that the deflationary news might be short-lived, as tariffs could soon stoke fresh inflationary pressures. The WSJ Dollar Index also fell 1.7%, and concerns over weakening demand for U.S. assets rattled both equity and bond markets.

Thursday's 1,015-point drop in the Dow is one of the largest single-day point losses in 2025 so far.

ChatGPT Revamps Its Memory

OpenAI has begun rolling out a revamped memory system for ChatGPT Plus and Pro users, offering improved personalization but drawing criticism for its lack of transparency and user control. Unlike the older saved memories feature, this new system does not allow users to view or edit what is remembered—it's simply on or off. The feature is gradually becoming available, though some regions—including the UK, EU countries, and others—are excluded for now. A wider release for Enterprise, Team, and Edu users is expected in the future, but no timeline has been shared, and there are currently no announced plans to bring it to free-tier users. Users will be notified of access via a pop-up titled "Introducing new, improved memory," and can disable it through the settings menu or by using Temporary Chat mode.

The old ChatGPT memory system allowed some access and control over what the AI remembered. Temporary Chat mode continues to provide a privacy-focused option where no memory is used.

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