Floods Ravage Texas, Trump Signs “One Big Beautiful Bill,” Amid Hamas and Israel Ceasefire Talks – 7/5/2025, 6:21:06 AM

As of July 5, 2025, the latest major world news includes:

• Catastrophic flooding in Central Texas has resulted in at least 13 deaths, with more than 20 campers still missing. Severe weather threats continue over the holiday weekend[1].
• U.S. President Donald Trump signed a sweeping tax and spending bill, dubbed the “One Big Beautiful Bill,” into law during a high-profile ceremony at the White House on July 4, coinciding with U.S. Independence Day celebrations featuring a B-2 bomber flyover[2][4].
• Hamas has signaled readiness to begin Gaza ceasefire talks “immediately” after consultations with Palestinian factions, responding positively to a mediators’ proposal for a ceasefire with Israel[2][4]. Meanwhile, the Israel Defense Forces (IDF) states it maintains operational control over more than 65% of the Gaza Strip[4].
• Russia conducted its largest aerial assault against Ukraine since the start of the war, according to reports, and a new round of prisoner exchanges between Russia and Ukraine took place following agreements reached in June[1][4].
• A building collapse in Pakistan killed at least eight people, with rescue operations ongoing for survivors[2].
• Fireworks-related incidents ahead of the Fourth of July have led to fatalities, including an explosion in a Los Angeles home[1].
• Japan’s ruling coalition faces a close battle with opposition parties to secure a majority in the upcoming House of Councillors election[3].

Other notable incidents include a JetBlue plane veering off a taxiway in Orlando, shark sightings closing Rockaway Beach in New York City, and a gas station explosion in Rome, Italy[1].