This NPR News Now episode covers a U.S.-Iran memorandum extending a ceasefire and reopening the Strait of Hormuz, alongside unconfirmed reports of an Apple-Intel chip manufacturing deal in the U.S. The broadcast also details tornado damage in Illinois, where the state leads the nation in storm counts this year. Additionally, it reports on the withdrawal of a psychiatric defense in the Luigi Mangione trial and celebrates the New York Knicks’ NBA championship with a ticker-tape parade.