This is a dizzying ownership turnaround for the Lakers, one of pro sports’ most iconic franchises. Mark Walter is selling his majority stake in the Los Angeles team to former Disney CEO Bob Iger and Thrive Capital founder Josh Kushner (husband to supermodel Karlie Kloss). It’s a whopping $12.5 billion valuation—roughly 14 months after he took control at a $10 billion valuation. That’s about a 21% return on the most storied franchise in basketball, and per Fortune, the highest price ever paid for a U.S. sports team.

The deal still needs approval from the NBA’s board of governors. Jeanie Buss keeps the governor title under an agreement Iger says he intends to honor, with a caveat that should make Lakers fans sit up: “If things change, they’ll change.”

The bigger loss may be structural. Walter had begun the Lakers’ so-called “Dodger-fication”, rebuilding the front office in the image of his baseball juggernaut, including consultations with Dodgers president of baseball operations Andrew Friedman. CBS Sports flags an obvious problem: The project just lost its architect. Walter retains the Dodgers and the Sparks.

And then there’s Las Vegas. Iger and Kushner confirmed they were bidding on an NBA expansion team there (with the price reportedly climbing toward $10 billion) before pivoting to a real franchise with 17 banners and a permanent zip code. I’m no expert, but spend $12.5 billion on the Lakers instead of $10 billion on a team that doesn’t exist yet, and the math starts to look less like a splurge and more like a bargain.

But here’s what remains unresolved: Why Walter sold at all, barely a year in, and who now steps into the Vegas void his exit created. ESPN says the approval process can take several weeks. The next board meeting is set for September in New York.

President Donald Trump said Wednesday the U.S. has “total control” over the Strait of Hormuz and “I THINK WE WILL KEEP IT,” he wrote on Truth Social. But the tracking data says otherwise. Kpler counted eight vessels transiting the strait Tuesday, down from 10 a week earlier, and apparently moving through Iranian-controlled waters.

Administration officials touted economic pressure as the thing dragging Iran toward a deal. But Energy Secretary Chris Wright’s export figures run higher than what Commodity Context and Kpler actually measure, according to Reason. Your version of the story is simpler: Brent is near $89 to $90, up from roughly $70 before the war, and U.S. gasoline averages about $4.04 a gallon — up 36% since fighting began Feb. 28.

Meanwhile, Iran could “prolong” the war until Trump is out of office, a top adviser to the commander of Iran’s Islamic Revolutionary Guard Corps said. Pakistan’s Foreign Ministry has suggested the agreement between the two sides remains relevant despite their refusal to shift positions. Until someone reconciles the two, the price at the pump is the only reliable read on who controls what.

Did you see? The moon swallowed the sun over Greenland, Iceland and northern Spain yesterday and millions of people stopped to watch. Totality ran under two minutes, shrinking to about a minute by the time the shadow hit Spain near sunset. The U.K. got a partial (between 90% to 95% coverage just after 7 p.m. BST), its best show since 1999.

Spain treated it like a national event, and a logistical one: more than 33,500 officers deployed, 350 official viewing sites, temperatures above 35 degrees Celsius and wildfires still burning. Eclipse glasses sold out across the board. The BBC called it Europe’s most dramatic in nearly 30 years, though outlets don’t exactly agree on the precise record, PBS framed it as Spain’s first total eclipse in more than a century.

If you didn’t catch it, don’t worry—three more total eclipses land between 2026 and 2028, which is actually pretty generous run by cosmic standards.