U.S.-China talks ‘stalled’ and need Trump and Xi to weigh in, Bessent says
U.S.-China talks ‘stalled’ and need Trump and Xi to weigh in, Bessent says
The U.S. and ******** flags are seen on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025.
Keystone/eda/martial Trezzini | Via Reuters
BEIJING — U.S.-China trade talks “are a bit stalled,” requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News in an interview Thursday local time.
“I believe that we will be having more talks with them in the next few weeks,” he said, adding that there may be a call between the two countries’ leaders “at some point.”
After a rapid escalation in trade tensions last month, Bessent helped the world’s two largest economies reach a breakthrough agreement in Switzerland on May 12. The countries agreed to roll back recent tariff increases of more than 100% for 90 days, or until mid-August. Diplomatic officials from both sides had a call late last week.
Still, the U.S. has pushed ahead with tech restrictions on Beijing, drawing its ire, while China has yet to significantly ease restrictions on rare earths, contrary to Washington’s expectations.
“I think that given the magnitude of the talks, given the complexity, that this is going to require both leaders to weigh in with each other,” Bessent said. “They have a very good relationship and I am confident that the ******** will come to the table when President [Donald] Trump makes his [preferences] known.”
Trump and China’s President Xi Jinping last spoke in January, just before the U.S. president was sworn in for his second term. While Trump has in recent weeks said he would like to speak with Xi, analysts expect China to agree to that only if there’s certainty there will be no surprises from the U.S. during the call.
China has maintained communication with the U.S. since the agreement in Switzerland, ******** Ministry of Commerce Spokesperson He Yongqian told reporters at a regular briefing Thursday.
But regarding chip export controls, she said that “China again urges the U.S. to immediately correct its wrong practices … and together safeguard the consensus reached at high-level talks in Geneva.”
That’s according to a CNBC translation of her Mandarin-language remarks.
When asked whether China would suspend rare earths’ export controls announced in early April, He did not respond directly. Restrictions on items that could be used for both military and civilian use reflect international practice, as well as China’s position of “upholding world peace and regional stability,” she said.
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This week, the Trump administration also announced it would start revoking visas for ******** students.
“The U.S. decision to revoke ******** student visas is fully unjustified,” China’s Foreign Ministry Spokesperson Mao Ning said Thursday, according to an official English transcript. “It uses ideology and national security as pretext.”
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Trump’s tariffs can continue for now, appeals court rules – The Washington Post
Trump’s tariffs can continue for now, appeals court rules – The Washington Post
Trump’s tariffs can continue for now, appeals court rules The Washington PostTrump tariffs can stay in place for now, appeals court rules BBCDonald Trump says US court ruling on tariffs was wrong, political; hopes Supreme Court reverses ‘horrible’ decision MintCourt Tariffs Ruling Upends Trump’s Trade Strategy The New York TimesTrump’s use of emergency law to enact tariffs imperils trade war strategy The Washington Post
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Five ways world’s richest man changed the White House
Five ways world’s richest man changed the White House
Bernd Debusmann Jr
BBC News, White House
A chainsaw, two hats and Lil X: Musk’s eventful time at Doge
Elon Musk’s time in the Trump administration is coming to an end after a tempestuous 129 days in which the world’s richest man took an axe to government spending – stirring ample controversy along the way.
Earlier this week, the South African-born billionaire, on his social media platform, X, thanked President Trump for his time at the Department of Government Efficiency, or Doge.
His departure was confirmed by the White House, although Trump has yet to comment directly.
Trump announced that he will host a news conference in the Oval Office on Friday with Musk, writing: “This will be his last day, but not really, because he will, always, be with us, helping all the way.”
While Musk’s time in government lasted little more than four months, his work with Doge upended the federal government and had an impact not just in the halls of power in Washington – but around the world.
Let’s take a look at some of the ways Musk has left a mark.
Doge’s chainsaw to federal spending
Musk took a job with the Trump White House with one mission: to cut spending from the government as much as possible.
He began with an initial target of “at least $2 trillion”, which then shifted to $1tn and ultimately $150bn.
To date, Doge claims to have saved $175bn through a combination of asset sales, lease and grant cancellations, “fraud and improper payment deletion”, regulatory savings and a 260,000-person reduction from the 2.3 million-strong federal workforce.
A BBC analysis of those figures, however, found that evidence is sometimes lacking.
This mission has at times caused both chaos and controversy, including some instances in which federal judges halted mass firings and ordered employees reinstated.
In other instances, the administration has been forced to backtrack on firings.
In one notable instance in February, the administration stopped the firing of hundreds of federal employees working at the National Nuclear Security Administration, including some with sensitive jobs related to the US nuclear arsenal.
Musk himself repeatedly acknowledged that mass firings would inevitably include mistakes.
“We will make mistakes,” he said in February, after his department mistook a region of Mozambique for ******-controlled Gaza while cutting an aid programme. “But we’ll act quickly to correct any mistakes.”
Doge’s efforts to access data also garnered controversy, particularly the department’s push for access to sensitive treasury department systems that control the private information of millions of Americans.
Polls show that cuts to government spending remain popular with many Americans – even if Musk’s personal popularity has waned.
Getty Images
Elon Musk was a fixture of cabinet meetings during his time at Doge.
Blurred lines between business and politics
The presence of Musk – an unelected “special government employee” with companies that count the US government as customers – in Trump’s White House has also raised eyebrows, prompting questions about potential conflicts of interest.
His corporate empire includes large companies that do business with US and foreign governments. SpaceX has $22 billion in US government contracts, according to the company’s chief executive.
Some Democrats also accused Musk of taking advantage of his position to drum up business abroad for his satellite internet services firm, Starlink.
The White House was accused of helping Musk’s businesses by showcasing vehicles made by Tesla – his embattled car company – on the White House lawn in March.
Musk and Trump have both shrugged off any suggestion that his work with the government is conflicted or ethically problematic.
Getty Images
Trump with Elon Musk’s son X Æ A-12 at the White House in March
A nudge for US isolationism?
Around the world, Musk’s work with Doge was most felt after the vast majority – over 80% – of the US Agency for International Development’s (USAID’s) programmes were eliminated following a six-week review by Doge. The rest were absorbed by the State Department.
The Musk and Doge-led cuts formed part of a wider effort by the Trump administration to bring overseas spending closer in line with its “America First” approach.
The cuts to the agency – tasked with work such as famine detection, vaccinations and food aid in conflict areas – quickly had an impact on projects including communal kitchens in war-torn Sudan, scholarships for young Afghan women who fled the Taliban and clinics for transgender people in India.
USAID also was a crucial instrument of US “soft power” around the world, leading some detractors pointing to its elimination as a sign of waning American influence on the global stage.
Conspiracies and misinformation
While Musk – and Trump – have for years been accused by detractors of spreading baseless conspiracy theories, Musk’s presence in the White House starkly highlighted how misinformation has crept into discourse at the highest levels of the US government.
For example, Musk spread an unfounded internet theory that US gold reserves had quietly been stolen from Fort Knox in Kentucky. At one point, he floated the idea of livestreaming a visit there to ensure the gold was secured.
More recently, Musk spread widely discredited rumours that the white Afrikaner population of South Africa is facing “genocide” in their home country.
Those rumours found their way into the Oval Office earlier in May, when a meeting aimed at soothing tensions between the US and South Africa took a drastic twist after Trump presented South African President Cyril Ramaphosa with videos and articles he said were evidence of crimes against Afrikaners.
Revealed divisions inside Trump’s camp
Musk’s work in government also showed that, despite public pledges of unity, there are tensions within the “Trump 2.0” administration.
While Trump publicly – and repeatedly – backed the work of Musk and Doge, Musk’s tenure was marked by reports of tension between him and members of the cabinet who felt Doge cuts were impacting their agencies.
“They have a lot of respect for Elon and that he’s doing this, and some disagree a little bit,” Trump acknowledged in a February cabinet meeting. “If they aren’t, I want them to speak up.”
At one point, he was asked whether any cabinet members had expressed dissatisfaction with Musk and turned to the room to ask them. No one spoke.
The announcement of Musk’s departure also came the same day CBS – BBC’s US partner – publicised part of an interview during which Musk said he was “disappointed” by Trump’s “big, beautiful” budget bill. The bill includes multi-trillion dollar tax breaks and a pledge to increase defence spending.
Musk said the bill “undermines” the work of Doge to cut spending – reflecting larger tensions within the Republican Party over the path forward.
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NRW Holdings wins $157m Hope Downs contract from Rio Tinto
NRW Holdings wins $157m Hope Downs contract from Rio Tinto
NRW Holdings is reaping the rewards of Rio Tinto’s iron ore replenishment pipeline with a second contract from the mining giant in the space of three months.
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Puppy brutally attacked at Central Florida park; owners injured trying to save her
Puppy brutally attacked at Central Florida park; owners injured trying to save her
The Brief
Authorities are searching for a dog and its owner following a brutal dog attack at an Ocala park that left a puppy with critical injuries.
Anyone with information about the incident is asked to contact Marion County Crime Stoppers.
OCALA, Fla. – A dog and its owner are being sought after a violent attack at a dog park in Marion County left two people injured and a 9-month-old English Springer Spaniel puppy named Mae critically hurt.
What we know
The incident occurred on May 23 at Letty Towles Dog Park in Ocala, where a dog, possibly a pit bull or Cane Corso, attacked Mae and her owners, Maryann and Jack O’Leary.
The couple suffered bite wounds while trying to save their ****, who now has serious injuries, including a collapsed lung and internal bleeding.
It took four adults to pull the attacking dog off, and the suspected owners fled the scene.
What we don’t know
Authorities have not yet identified the dog or its owner, and it remains unclear whether the animal has a history of aggression.
According to Florida law, dog owners are liable for these attacks:
“The owner of any dog that bites any person while such person is on or in a public place, or lawfully on or in a private place, including the property of the owner of the dog, is liable for damages suffered by persons bitten, regardless of the former viciousness of the dog or the owners’ knowledge of such viciousness.” Florida Statute 767.04What you can do
Anyone with information about the dog attack is urged to call Marion County Crime Stoppers.
As for Mae and her owners, a GoFundMe has been set up to help with medical expenses.
STAY CONNECTED WITH FOX 35 ORLANDO:
The Source
This story was written based on information conducted by FOX 35’s Kelsie Cairns.
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******** Students Rattled by Trump Plan to ‘Aggressively’ Revoke Visas – The New York Times
******** Students Rattled by Trump Plan to ‘Aggressively’ Revoke Visas – The New York Times
******** Students Rattled by Trump Plan to ‘Aggressively’ Revoke Visas The New York TimesAfter Rubio seeks to revoke their visas, ******** students say U.S. resembles the country they left NBC NewsChina thought it had a truce with the US. Then Trump dropped two bombshells CNN‘A massive headache’: State Department tries to figure out how to handle ******** student visa reviews PoliticoOregon colleges, universities monitor impact of policy to revoke visas of ******** students KATU
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True grit: Aussie golf stars stay in the US Open fight
True grit: Aussie golf stars stay in the US Open fight
Australia’s golf aces have battled hard to stay within touch during a typically gruelling start to the rich and prestigious US Women’s Open in farmland Wisconsin.
The notorious Erin Hills club may be largely devoid of trees but it was the morning winds and course’s challenging contours that had the world’s best players scratching their heads on Thursday (Friday AEST).
By the end, Americans Angel Yin and Yealimi Noh, South Koreans A Lim Kim and Jin Hee Im, Japan’s Rio Takeda and Spaniard Julia Lopez Ramirez were in a six-way tie for the first-round lead after all fired four-under-par 68s.
No Australians managed to shoot under par at the season’s second major championship, which carries a $US2.4 million ($A3.7m) winner’s cheque out of the $US12million ($A18.6m) total purse.
But as Yin said, “you can’t win the tournament on Thursday but you can shoot yourself out of it”.
“On 17 I made like the most basic mistake, like the worst mistake you can make. It’s like elementary level, terrible,” Yin said. “I just needed to make it onto the green. I’m already not like in a great position. I’m trying to make par.
“Then I just made a tiny mistake. Didn’t hit it as good, and it just goes all the way down. … This is what this course can do, and it’s just challenging all around.”
Hannah Green appeared to be heading that way after racking up a wretched double-bogey seven at the seventh, her third-last hole of the day after teeing off on No.10.
But the world No.8 rallied with birdies at her final two holes to claw her way back to even par.
Green, Grace Kim and American world No.1 Nelly Korda were among 24 players to post rounds of 72.
Green carved out hers in the complete opposite manner to Korda, who collected her lone birdie of a frustrating day at the par-5 last.
Green mixed three bogeys and that double with five birdies, including four on the back nine to earn her way into a share of 34th spot.
Minjee Lee is one stroke further back after struggling to find her groove, even with the gallery support of the legendary Karrie Webb.
Webb is in town to mark 25 years since Australia’s most prolific ever major winner went back to back at the US Open in 2000-01 and figured she’d follow Lee around.
Gabriela Ruffels also carded a one-over 73, but remains in the hunt only five shots behind the leaders.
Steph Kyriacou opened with a 74, while Jennifer Elliott has a mountain to climb to make the halfway cut on her major championship debut after starting with a six-over 78 to be tied for 132nd in the 156-player field.
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Elden Ring Nightreign review | Loot Level Chill
Elden Ring Nightreign review | Loot Level Chill
LLC: “Elden Ring Nightreign is a game that does a lot, and none of it feels arbitrary. The world is fascinating, the combat is exceptional, and there’s plenty to see.”
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Dramatic video shows glacier crashing down a Swiss mountainside
Dramatic video shows glacier crashing down a Swiss mountainside
The search for a missing 64-year-old man was suspended Thursday because of unsafe conditions after a huge mass of rock and ice from a glacier crashed down a Swiss mountainside the day before.The landslide sent plumes of dust skyward and coated with mud nearly all of an Alpine village that authorities had evacuated earlier this month as a precaution.
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Inside the scramble to keep FEMA alive ahead of hurricane season – NBC News
Inside the scramble to keep FEMA alive ahead of hurricane season – NBC News
Inside the scramble to keep FEMA alive ahead of hurricane season NBC NewsSenator Rick Scott visits Pensacola for ‘Hurricane Preparedness Tour’ WEAR-TVFlorida says it’s ready for hurricane season, with or without FEMA’s help Miami HeraldAs Hurricane Season Looms, FEMA Is Being Torn to Shreds TruthoutFDOT prepares Florida Turnpike for the upcoming hurricane season WFTV
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1500 new homes announced for Sydney Fish Markets days after Rosehill redevelopment shot down
1500 new homes announced for Sydney Fish Markets days after Rosehill redevelopment shot down
The NSW government has been given the green light for 1500 new apartments in a massive redevelopment of Sydney’s old fish markets, days after a “once-in-a-generation” mini city was voted down.
The *********** Turf Club voted on Tuesday not to accept a proposed $5bn buyout of the Rosehill racecourse in Sydney’s west that would have made way for 25,000 new homes and a Metro station.
The controversial project was marred by delays, inquiries, and opposition from some of racing’s elite, and the decision dealt a blow to Premier Chris Minns’ push to ****** more homes close to the Sydney CBD.
On Friday, the government revealed the Department of Planning, Housing, and Infrastructure had approved Infrastructure NSW’s plans to amend planning controls at the Blackwattle Bay site.
Camera IconThe new Blackwattle Bay precinct in Sydney has been approved for 1500 homes. Credit: NewsWire
Located at the old Sydney Fish Markets, the site was already slated for 1200 homes as part of a mixed-use precinct, but the office area has now been reduced to cater for more homes.
Spanning some 30m of waterfront promenade, the project will rejuvenate the harbour and is being pitched as the “missing link” in the 15km foreshore walk from Rozelle Bay to Woolloomooloo.
It is expected to generate 4300 jobs at the government and private-owned sites within the precinct, which spans 3.4na near the city, with, open, recreational and cultural spaces.
With the state government requiring 7.5 per cent of the homes at Blackwattle Bay to be kept for affordable housing, the project is not a replacement for the failed Rosehill project shot down this week.
Camera IconIt will also feature open spaces and cultural areas. Credit: NewsWire
About 56 per cent of members present voted “No” to the deal.
On Tuesday, Mr Minns said he accepted the ATC members’ decision but described the result as a “golden opportunity that slipped through our fingers” and hinted at a possible “Plan B”.
“We’ve got proposals that we’re getting ready to roll out for more housing closer to Sydney CBD,” he said.
“They’re not ready for me to announce today, and not everyone will love them, but they’re absolutely necessary for Sydney.”
Mr Minns has ruled out forced acquisition of the Rosehill site.
The Blackwattle project, meanwhile, is expected to receive proposals in July from the short-listed developers Lendlease, Mirvac and Stockland, with the first homes expected by 2028.
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Houston man saw his stolen tailgate online and called the police — and it led to a huge bust of blank key fobs
Houston man saw his stolen tailgate online and called the police — and it led to a huge bust of blank key fobs
An investigation into stolen pickup truck tailgates has uncovered a deeper, more alarming trend in Houston: thieves are using high-tech tools to clone key fobs and drive away with vehicles in under eight minutes.
According to the Harris County Sheriff’s Office, victims whose tailgates were stolen worked together to track down the suspects by searching social media posts, passing that information along to local authorities. When deputies intercepted the suspects, they discovered more than just stolen tailgates.
Don’t miss
KHOU 11 reported that officers found a stash of blank key fobs and a key programming device — evidence of a growing problem with high-tech car theft in the area. Officials are warning vehicle owners to take additional precautions as key fob-related car thefts rise both in Texas and across the country.
“Eight minutes tops. Five minutes. We’ve seen the fastest and they’re gone,” Harris County sergeant Eduardo Rivera told KHOU 11.
As thefts rise, authorities are providing tips to residents on how to help safeguard their vehicles. Here’s the rundown and what you can do to help avoid getting bumrushed.
How thieves can use key fobs to steal your car
The investigation into the stolen tailgates started when victims noticed their parts being listed online. After organizing with law enforcement, they confronted the suspects, Lieutenant John Gonzalez of the Harris County Sheriff’s Office auto theft unit told KHOU 11.
“There’s a big aftermarket for truck parts, especially for Ford and GM models,” Gonzalez said.
Thieves access a vehicle’s onboard diagnostics (OBD) port, usually located under the dashboard. Using a specialized programmer, they create a new key fob that lets them unlock, start and drive away with the car — sometimes in five minutes.
Another technique called “relay theft” targets keyless entry vehicles. Criminals use electronic devices to capture the signal from a key fob inside a home, transmit it to a receiver near the car and trick the vehicle into starting.
Thefts like these are big business. Tailgates alone can fetch up to $10,000 on the aftermarket, and stolen cars are often sold at steep discounts through online marketplaces, luring unsuspecting buyers.
Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it
How to protect your vehicle from key fob theft
Vehicle theft is on the rise in Texas, and authorities are urging drivers to take extra precautions. Even though car thefts have declined at the national level, with 850,708 cars stolen in 2024 and 1,020,729 in 2023, as per the National Insurance Crime Bureau (NICB), that doesn’t mean thieves aren’t getting more creative.
To protect your vehicle:
Lock your tailgate and vehicle doors: This simple step can protect your tailgate and limit theft.
Use OBD port protection: Devices that block access to the OBD port can prevent cloning.
Store key fobs in a Faraday bag: These pouches block the signal from your fob, stopping thieves from capturing it.
Install a steering wheel lock or aftermarket alarm: Old-school mechanical locks are highly effective deterrents.
Park in a secure garage: When possible, keep your vehicle out of sight and out of reach.
Turn off your fob’s wireless signal: Some newer fobs allow you to disable the signal when not in use—check your owner’s manual.
Upgrade your home security:** Motion detectors and cameras can add an extra layer of protection.
Install a car camera: Adding a dashboard or rear camera can help deter thieves and provide police with important evidence.
Add an AirTag or other GPS device: This can help you track your stolen car. But be sure to tell police; don’t try to recover the car yourself.
As high-tech theft methods continue to evolve, staying vigilant and taking preventive measures can make a crucial difference in keeping your vehicle safe. Even with the best precautions, theft can still happen.
If your vehicle is stolen, contact the police immediately to file a report. Then, if the car is financed, contact your car insurance company and lender. They can help you with the next steps.
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Shakira Concert at Boston’s Fenway Park Cancelled Just Hours Before Showtime – Rolling Stone
Shakira Concert at Boston’s Fenway Park Cancelled Just Hours Before Showtime – Rolling Stone
Shakira Concert at Boston’s Fenway Park Cancelled Just Hours Before Showtime Rolling Stone‘Very upsetting’: Shakira, Jason Aldean concerts at Fenway Park abruptly canceled NBC Boston7NEWS Sources: Concerts at Fenway Park canceled due to stage safety concerns WHDHConcerts canceled at Fenway Park after staging fell apart, sources say WCVBFenway Park concerts for Thursday, Friday nights canceled WMUR
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The big Clair Obscur: Expedition 33 interview: Team size, the return of AA games
The big Clair Obscur: Expedition 33 interview: Team size, the return of AA games
The success of Clair Obscur: Expedition 33 which sold 2 million copies within 12 days of launch has meant all eyes
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Five musicians murdered in suspected ******** cartel killing
Five musicians murdered in suspected ******** cartel killing
Reuters
The musicians were last seen in the ******** city of Reynosa, near the US border
Five musicians who disappeared in the ******** city of Reynosa, near the US border, were murdered by suspected drug cartel members, ******** authorities have said.
Nine alleged members of the notorious Gulf Cartel have been arrested on suspicion of *******, according to Irving Barrios Mojica, attorney general for the ******** state of Tamaulipas.
The musicians – known as Grupo Fugitivo – were kidnapped while travelling to a private event on 25 May, Barrios Mojica said. Soon after, their relatives reported receiving ransom demands.
Investigators are working to establish a motive for the killings.
The musicians were aged between 20 and 40, and often played at local parties and dances.
Nine firearms and two vehicles were also seized during the arrests.
Grupo Fugitivo performed a range of regional ******** music, a genre which includes corridos – songs that have historically been used to pay homage to drug cartels and their leaders.
It is not immediately clear if the group was targeted because of their music, or were caught up in the violence that has long beset Tamaulipas, where the Gulf Cartel has a strong presence.
The Trump administration has designated the Gulf Cartel, alongside several other criminal groups, a “global terrorist organisation”.
In January, the US embassy in Mexico issued a level 4 travel advisory, the highest level, warning its citizens not to travel to several ******** cities, including Reynosa.
It cited the risk of “crime and kidnapping” and “increasingly frequent gun battles occurring in and around” the city.
“Heavily armed members of criminal groups often patrol areas of the state and operate with impunity particularly along the border region from Reynosa to Nuevo Laredo,” the US state department said.
“In these areas, local law enforcement has limited capacity to respond to incidents of crime.”
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Dragon Quest XI S Surpasses 8.5 Million Copies Sold, Becomes Best-Selling Entry in the Series
Dragon Quest XI S Surpasses 8.5 Million Copies Sold, Becomes Best-Selling Entry in the Series
“A bumper crop of PlayStation titles make up October’s PlayStation Plus Game Catalog lineup. All these games will be available to play starting Tuesday, October 18. Without further ado, let’s dive in. Also added this month: The Medium, Dragon Quest Builders, Dragon Quest Heroes and more. ”
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Trump hails Musk as he announces joint press conference
Trump hails Musk as he announces joint press conference
US President Donald Trump has praised Elon Musk and says he will hold a press conference with the tech billionaire, whose tenure in the administration ended.
“This will be his last day, but not really, because he will, always, be with us, helping all the way,” Trump said in a post on Truth Social. “Elon is terrific!”
The president said the press conference will be held in the Oval Office on Friday.
Musk announced he was stepping down from his White House stint on Wednesday, giving Tesla investors some succour after shares slumped this year in part due to the backlash to his support of Trump and right-wing parties in Europe.
The billionaire spearheaded Trump’s so-called Department of Government Efficiency(DOGE), charged with cutting federal spending.
On Tuesday, Musk criticised the price tag of Republicans’ tax and budget legislation making its way through Congress.
In addition, he had recently pledged to spend less money on politics after he plunked down nearly $US300 million on Trump’s presidential campaign and on other Republican candidates last year.
A former DOGE staffer said without Musk in the Trump administration, his cost-cutting Department of Government Efficiency project is likely to sputter out.
Software engineer Sahil Lavingia, who spent almost two months working for the group of pro-Musk technologists, said he expects DOGE to quickly “fizzle out.”
“It’ll just die a whimper,” Lavingia, who was fired from DOGE earlier this month, told Reuters.
“So much of the appeal and allure was Elon.”
He said he expected DOGE staffers to “just stop showing up to work. It’s like kids joining a startup that will go out of business in four months.”
That would cap a remarkable undoing for DOGE, which Musk initially vowed would cut $US2 trillion in federal spending. Instead, DOGE estimates its efforts have saved around $US175 billion so far and the group’s tallies have been riddled with errors.
Lavingia, the 32-year-old founder and CEO of creator platform Gumroad, said he was recruited by DOGE through a personal contact and joined the team in March.
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Capcom Fighting Collection 2 Review | NoobFeed
Capcom Fighting Collection 2 Review | NoobFeed
WTMG’s Leo Faria: “Ignoring one or two slightly dated titles, plus a truly terrible one, Capcom Fighting Collection 2 goes to show that no one is doing arcade gaming preservation as well as Capcom right now. Just the inclusion of Capcom vs. SNK 2 by itself, in such a pristine, rollback-supported stated, is enough of a reason for you to purchase it, but add in games like two Power Stones and the best version of the best Street Fighter, and what you have here is more than a lot of bang for your buck. What we have here is an infinitely enjoyable collection of fighting works of art.”
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Trump Administration Cancels $600 Million Contract to Develop Bird Flu Vaccine
Trump Administration Cancels $600 Million Contract to Develop Bird Flu Vaccine
NEED TO KNOW
The Trump administration has pulled funding for a bird flu vaccine, citing concerns about mRNA technology
Moderna, which had been developing the vaccine, said it has shown to generate “a rapid, potent and durable immune response” to the virus
Earlier this week, the administration rolled back recommendations for COVID vaccines, which use the same technology
The U.S. Department of Health and Human Services has pulled $600 million in funding it had previously promised to pharmaceutical company Moderna to develop a vaccine for bird flu in humans, citing concerns about mRNA technology.
The funding had been allocated under President Joe Biden amid the rapid spread of H1N1 — commonly called bird flu. More than 173 million birds have been culled, according to the U.S. Centers for Disease Control. Nearly 1,000 herds of cattle have been infected.
Per the most recent data, there have been 70 human infections and one death. Scientists have warned that the virus could mutate further and have a more dangerous and widespread impact on human health.
The Moderna contract was built on a previous government investment of $175 million last year, according to the New York Times.
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Stock image of someone getting vaccinated.
“This is not simply about efficacy — it’s about safety, integrity, and trust,” HHS spokesperson Andrew Nixon said in a statement, per the Washington Post. “The reality is that mRNA technology remains under-tested, and we are not going to spend taxpayer dollars repeating the mistakes of the last administration, which concealed legitimate safety concerns from the public.”
A rep for Moderna tells PEOPLE in a statement: “While the termination of funding from HHS adds uncertainty, Moderna will explore alternatives for late-stage development and manufacturing of the H5 program consistent with the Company’s strategic commitment to pandemic preparedness.
“Researchers have been exploring mRNA’s potential in medicine for over 30 years, leading to the rapid deployment of mRNA-based COVID-19 vaccines that transformed the course of the pandemic. With more than a billion doses distributed worldwide and an unprecedented amount of real-world safety and efficacy data, the benefits of mRNA vaccination — first for COVID-19 and now for respiratory syncytial virus (RSV) — are well established.”
Messenger RNA, or mRNA technology, made headlines when it was used for Moderna and Pfizer‘s vaccines against the virus that causes COVID-19 during the pandemic. According to the National Library of Medicine, mRNA technology was “decades in development as a therapy for ******* and for prevention of infectious diseases.”
Whereas traditional vaccines introduce a weakened or dead virus into your immune system, which then prompts your immune system to produce antibodies to fight the virus, mRNA teaches your body to make a “small part” of the virus, generally a protein, the Cleveland Clinic explains.
Your body fights that protein, thereby having the tools to recognize it and kill it in the case you’re infected with the actual virus.
Tasos Katopodis/Getty
U.S. Secretary of Health and Human Services Robert F. Kennedy Jr.
Results from Moderna’s bird flu vaccine research were positive and generated “a rapid, potent and durable immune response,” the company said in a statement.
Earlier this week, HHS head Robert F. Kennedy Jr., a longtime critic of vaccines, announced they were rolling back Covid vaccine recommendations for pregnant women and children amid health experts citing research showing pregnant women who were sickened with Covid faced worse outcomes.
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‘A massive headache’: State Department tries to figure out how to handle ******** student visa reviews – Politico
‘A massive headache’: State Department tries to figure out how to handle ******** student visa reviews – Politico
‘A massive headache’: State Department tries to figure out how to handle ******** student visa reviews PoliticoAfter Rubio seeks to revoke their visas, ******** students say U.S. resembles the country they left NBC NewsChinese Students Rattled by Trump Plan to ‘Aggressively’ Revoke Visas The New York TimesChina thought it had a truce with the US. Then Trump dropped two bombshells CNNTargeting ******** Students Threatens the Bottom Line at American Universities WSJ
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Petition restaurant review: Young gun fires up at State Buildings quiet achiever
Petition restaurant review: Young gun fires up at State Buildings quiet achiever
A decade after launching in the State Buildings, contemporary *********** eatery Petition finds fresh legs under young head chef Jessica Roe
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‘Time to Stock Up,’ Says Bill Ackman After Pulling the Trigger on Amazon Stock (AMZN)
‘Time to Stock Up,’ Says Bill Ackman After Pulling the Trigger on Amazon Stock (AMZN)
Bill Ackman is making waves again—his Pershing Square Capital Management just made a bold bet on Amazon (AMZN), snapping up nearly $1 billion in stock during Q1 2025. The blockbuster move comes at a time when Amazon is under pressure from tariffs, slowing AWS growth, and fierce AI competition—issues that have dragged the stock down year-to-date. Ackman’s aggressive play has reignited debate on whether now is the moment to buy into Big Tech’s most embattled giant.
Amazon (AMZN) stock price history year-to-date
Despite macroeconomic headwinds and competition, Ackman sees a resilient AWS, underestimated retail strength gains, and temporary market overreactions as compelling reasons to “stock up” on AMZN, and I happen to agree.
Amazon Web Services (AWS) saw its growth accelerate in the first quarter of 2025, posting $25 billion in revenue, a 17% year-over-year increase. Profitability surged as well, with operating income nearly doubling from $5.1 billion in Q1 2024 to $9.4 billion. As AWS scales, it continues to benefit from powerful tailwinds in the cloud computing industry, which is projected to grow at a 20.4% CAGR and surpass $1 trillion in the coming years.
Competing with giants like Microsoft Azure and Google Cloud Platform (GCP), AWS is doubling down on AI to fuel further demand. Amazon’s heavy investment in generative AI, through initiatives like its Bedrock platform and custom-built chips such as Trainium, is positioning AWS as a leader in this next phase of cloud innovation.
Now accounting for roughly 17% of Amazon’s total net sales, AWS has become a growth engine so significant that it could stand alone as a major tech company.
Amazon (AMZN) Revenue by Segment
Amazon’s core retail segment continues to demonstrate strong momentum, with domestic revenue rising 12% year-over-year to $86.3 billion. International markets also contributed positively to the segment’s growth. Importantly, Amazon has transformed this historically lower-margin business into a significantly more profitable one, reporting $5 billion in operating income for the quarter—a notable achievement given the inherent challenges of retail operations.
This profitability reflects years of strategic investment in its fulfillment infrastructure, which has been refined to deliver faster shipping and reduce transportation costs. Despite persistent macroeconomic pressures and evolving consumer behavior, Amazon’s first-quarter retail performance underscores the resilience of both its business model and customer demand.
Story Continues
Amazon (AMZN) revenue, earnings and profit margin history
While the retail segment faces increased competition from players like Walmart and Temu, Amazon continues to lead the U.S. e-commerce market with a commanding 37.6% share, well ahead of Walmart’s 6.4% in second place. Additionally, Amazon’s advertising business—largely integrated within its retail ecosystem—is growing at an impressive 24% year-over-year and remains a key driver of overall profitability.
Given Amazon’s strong positioning across retail, cloud computing, and AI, it’s easy to see why investors like Bill Ackman have taken an interest. The company offers exposure to a diversified array of high-growth sectors. Notably, Amazon’s valuation appears reasonable by historical standards, with a current price-to-earnings ratio of 32.8, compared to its typical range of 40 to 80 in recent years.
On Wall Street, Amazon has a Strong Buy consensus rating based on 47 Buy, one Hold, and zero Sell ratings in the past three months. AMZN’s average price target of $240.62 implies almost 17% upside potential in the next twelve months.
See more AMZN analyst ratings
DBS analyst Nashrullah Putra Sulaeman has a Buy rating on AMZN. He noted that Amazon’s performance, particularly in its cloud segment, was impressive despite a decline in free cash flow due to increased capital expenditure. He also pointed out that “Amazon’s retail segment is on a recovery path, showing sustained profitability and improved operating margins.”
Likewise, analyst Brent Thill of Jefferies maintains a Buy rating on AMZN with a price target of $240. He noted that a 6% acceleration in AWS backlog “indicates a strong demand for AWS services, coupled with record operating margins of 39.5%, showcasing Amazon’s ability to manage capacity constraints effectively.” Despite tariffs threatening its retail segment, the analyst believes the retail giant is better suited to handle macroeconomic headwinds than its competitors.
In summary, Amazon continues to demonstrate strong performance across its key business segments. Its leadership in e-commerce provides a buffer against broader economic challenges, while accelerating growth in AWS underscores the company’s successful diversification into high-margin, scalable markets. Strategic investments in AI further enhance its competitive positioning and open doors to new verticals.
That said, investors should remain mindful of the risks. Cloud computing, digital advertising, and e-commerce are all intensely competitive industries, and Amazon’s future success will hinge on its ability to maintain leadership in AWS while driving greater efficiency and sustainable profitability in its retail operations.
Despite its operational momentum, Amazon’s stock has lagged this year—an underperformance that has drawn attention from high-profile investors like Bill Ackman. With strong institutional support, reflected in Wall Street’s “Strong Buy” consensus rating, and exposure to several high-growth sectors, Amazon remains a compelling long-term opportunity for investors.
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Markets would prefer definite tariffs
Markets would prefer definite tariffs
Cranes at the Port of Los Angeles are empty of cargo ships, in San Pedro California, U.S., May 13, 2025.
Mike Blake | Reuters
A U.S. federal trade court striking down President Donald Trump’s “reciprocal” tariffs on a broad swathe of countries seems, on the surface, a positive development all around. A lack of tariffs leads to cheaper goods, likely more consumer spending and higher corporate revenue, which tends to flow back to stock prices.
This ideal scenario, however, rests on the assumption that the court’s decision is final and the Trump administration does not have other ways of reinstating its muscular trade policies.
Events on Thursday have already shown us that is not the case. An appeals court temporarily paused the tariff ruling to allow the Trump administration to respond to the case. “Even if we lose, we will do it another way,” Trump trade advisor Peter Navarro told reporters at the White House Thursday afternoon.
This uncertainty could roil markets and trade negotiations with countries further. If tariffs could pop in and out of existence based on policy and judicial decisions, how do nations discuss trade deals, and how do investors allocate their capital efficiently? Indeed, the S&P 500 was up nearly 0.9% when trading began, but fell sharply after the Trump administration said it may ask the Supreme Court to halt the federal trade court’s ruling.
“In general, markets don’t like uncertainty, because it makes forecasting more difficult,” said Larry Tentarelli, founder of the Blue Chip Daily Trend Report. “We expect the tariff news cycle to be an extended process, which can lead to higher short-term volatility.”
In other words, if there was a definite universal tariff of 10% — while it’s undeniably still a tax — the surety of it could be better for markets and economies globally in the long run.
What you need to know today
Trump ‘reciprocal’ tariffs reinstated for nowA U.S. federal appeals court on Thursday granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of Trump’s tariffs. Trump officials maintain that they have other options for imposing tariffs, even if they do not prevail in the case. Earlier in the day, the White House said it would seek “emergency relief” from the Supreme Court if the ruling was not paused.
U.S. market gains capped by tariff confusionU.S. stocks rose Thursday. They were buoyed by Nvidia — which climbed 3.3% on its positive earnings — but were held back from ******* gains by uncertainty around tariffs. The S&P 500 added 0.4%, the Dow Jones Industrial Average gained 0.28% and the Nasdaq Composite climbed 0.39%. Europe’s Stoxx 600 index slipped 0.19% and Germany’s Dax lost 0.44% — but the latter is still up more than 20% year to date.
Powell stressed rate decisions cannot be politicalFederal Reserve Chair Jerome Powell met Trump Thursday, according to a release by the U.S. central bank. “Chair Powell did not discuss his expectations for monetary policy,” the statement said. However, Powell did “stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook” — essentially, that interest rates cannot be swayed by politics.
SEC dropped its lawsuit against BinanceThe SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, which was first brought in June 2023. The case had accused the crypto exchange of illegally serving U.S. users, inflating trading volumes and commingling customer funds. The dismissal marks a symbolic end to the agency’s crypto crackdown and comes as the Trump administration attempts to prove it’s an ally to the industry.
[PRO] European sectors to play: JPMorganEuropean equities have fared better than those in the U.S. so far this year. JPMorgan analysts think the trend could continue, with non-U.S. markets trading “increasingly more favorably” against their American counterparts for the next 12 to 18 months. Here are the bank’s preferred sectors for this *******.
And finally…
Sam Altman, CEO of OpenAI, is seen through glass during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, Feb. 11, 2025.
Aurelien Morissard | Via Reuters
Musk-Altman AI rivalry is complicating Trump’s dealmaking in Middle East
Elon Musk tried to derail a major artificial intelligence infrastructure deal in the Middle East after learning that his startup, xAI, would be excluded from the initiative, CNBC has confirmed.
Earlier this month, OpenAI, Oracle, Nvidia, Cisco and Emirati firm G42 announced plans to build a sweeping Stargate AI campus in the United Arab Emirates. Musk was frustrated that OpenAI, led by personal rival Sam Altman, was tapped for the deal, and he intervened in an effort to get xAI involved, said a person familiar with the matter who asked not to be named in order to speak freely.
Musk argued that Trump would not approve the deal, the person said. The announcement was delayed by several days as stakeholders, including the White House, dealt with blowback from Musk, who has been engaged in a public and legal spat with Altman and OpenAI.
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Knicks vs. Pacers score: Game 5 live updates as Tyrese Haliburton, Indy try to punch ticket to NBA Finals – CBS Sports
Knicks vs. Pacers score: Game 5 live updates as Tyrese Haliburton, Indy try to punch ticket to NBA Finals – CBS Sports
Knicks vs. Pacers score: Game 5 live updates as Tyrese Haliburton, Indy try to punch ticket to NBA Finals CBS SportsPacers vs. Knicks live updates: 2025 NBA playoffs Game 5 start time, picks and predictions The New York TimesBy the numbers: How Tyrese Haliburton and Pacers offense stack up against ‘Showtime’ Lakers of 1980s CBS SportsKnicks-Pacers: 4 numbers to know as Indiana looks to advance NBAPacers trying to stay ‘day-to-day, moment-to-moment’ as they look to advance to Finals IndyStar
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