Midday Roundup: Greece makes big promises in bailout deal

Turnaround plan. Greece and its European partners announced today a deal to rescue the country from economic ruin. In exchange for access to billions more in loans, Greece must meet conditions that affect almost every aspect of life in the country, from raising taxes to allowing stores to open on Sundays. World markets reacted positively, with stock prices rising slightly around the globe at the news. The Dow Jones industrial average gained 170 points in the first hour of trading this morning.

Devilish details. Nuclear talks between Iran and world powers are in their 17th day, with anybody’s guess as to when they will end. Negotiators had hoped to have a deal by midnight today, but they are still wrestling over Iran’s demand to lift a UN arms embargo and that any UN Security Council resolution approving the nuclear deal no longer describe Iran’s nuclear activities as illegal. Once a deal is announced, Congress will have 60 days to review and vote to approve or reject it.

On the loose. A manhunt is underway for the Mexican drug lord Joaquin “El Chapo” Guzman, who escaped Saturday from a maximum-security prison. Guzman slipped into a mile-long tunnel dug for him over the past year, authorities said. “This happened due to collaboration from within the jail at the highest level,” Mexican Sen. Luis Miguel Barbosa said. The escape is a devastating blow to the administration of Mexican President Enrique Pena Nieto, who often pointed to Guzman’s incarceration as proof of his government’s victory in the war with drug cartels. Authorities nabbed Guzman in February 2014, about 13 years after he escaped from another maximum-security prison.

A night to remember. The Wimbledon tennis championship concluded this weekend with both male and female repeat winners. Defending champion Novak Djokovic won his third Wimbledon title, and women’s winner Serena Williams grabbed her sixth. At the champion’s dinner that closed the tournament, Djokovic and Williams revived the tradition of having the men’s and women’s champions dance together. The two cut a rug to the Bee Gee’s hit “Night Fever” from the disco movie Saturday Night Fever.

The final frontier. NASA’s New Horizons spacecraft has nearly finished is nine-year journey to Pluto. In the next day, it will fly past Pluto and it’s moons. Scientists hope to learn more about the outer reaches of the solar system from the craft, which is so far away from Earth—about 3 billion miles—that it’s flying on autopilot and cannot be maneuvered by NASA scientists. The space agency hopes to start receiving dispatches from the Pluto area late Tuesday night.

WORLD Radio’s Jim Henry and The Associated Press contributed to this report.