The MAGIC telescopes are two Imaging Atmospheric Cherenkov Telescopes (IACTs) located on the Canary island of La Palma. With 17m diameter mirror dishes and ultra-fast electronics, they provide the lowest energy threshold among existing IACTs. Reaching down to 50 GeV in standard trigger mode, it is the only IACT that can close the energy gap between satellite-borne and ground-based observations. In this paper we present recent scientific highlights of MAGIC including morphology studies of SNR W51C, detection of Crab pulsar at energies above 100 GeV, detections of new sources and results from studies of sources in flaring state. We also present the current status of the MAGIC upgrade program.