This NPR News Now episode covers the U.S. shooting down Iranian drones near the Strait of Hormuz while peace talks progress. A federal judge blocked the Trump administration’s anti-weaponization fund pending a formal declaration of its cancellation. Markets rose despite high inflation, highlighted by SpaceX’s record-breaking IPO that made Elon Musk a trillionaire. Additional stories include heat risks for pregnant women, falling oil prices, and the U.S. men’s soccer team’s World Cup win.