

President Donald Trump has officially stated that Bill Pulte, currently serving as the acting Director of National Intelligence (DNI), will not be appointed to the position permanently. This declaration follows widespread criticism from lawmakers who questioned Pulte's suitability for the role, citing his lack of intelligence experience and his public support for Trump. The President defended Pulte as "a very smart guy," hinting that his temporary presence could lead to revelations about "rigged elections." Trump confirmed that the administration is actively interviewing other candidates for the DNI post, underscoring that Pulte's role is strictly interim and designed to bridge a gap until a permanent director is selected.
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CNBCSenators Bill Cassidy (R-LA) and Cory Booker (D-NJ) have filed a bipartisan amicus brief, urging a federal court to uphold its temporary injunction against the Justice Department's $1.7 billion "anti-weaponization fund." They argue that this fund presents an "immediate and dire threat" to the constitutional order and the authority of Congress, particularly as it appears intended to compensate individuals involved in the January 6th Capitol assault. The senators emphasize that using public funds to subsidize such actions transforms a decision not to punish into a declaration of legitimacy. This legal challenge highlights ongoing concerns about the fund's constitutionality and its potential to undermine democratic principles.
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CBS NewsPresident Trump announced a $700 million investment to bolster the U.S. coal industry, allocating funds for existing coal plants, new facilities, and an export terminal in California. This initiative, part of his administration's focus on fossil fuels, includes invoking the Defense Production Act to distribute $75 million for the Oakland terminal and $425 million for upgrades to 13 plants across 10 states. Additionally, $200 million in Department of Energy grants will support building new coal plants in Alaska and West Virginia, aiming to extend operational lives, reinforce grid reliability, and keep electricity prices low. Environmental groups have criticized the plan, warning of increased pollution and rising electricity costs.
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CBS NewsBitcoin is facing its most challenging week in months, with a 13% drop, as its dominant market narrative diminishes and investor liquidity shifts to other assets like chip stocks and AI infrastructure. The cryptocurrency's vulnerability is exacerbated by 13 consecutive days of net outflows from Bitcoin ETFs, the longest streak ever, which analysts link to price depreciation. A key trigger was Michael Saylor's Strategy selling a small portion of its Bitcoin holdings, cracking investor confidence and leading to widespread liquidations. As Bitcoin diverges from its traditional roles as digital gold or inflation hedge, traders are re-evaluating its future catalysts, with some anticipating further downside before a potential recovery. (not investment advice)
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CNBCCarmine Gotti Agnello, grandson of the late Mafia boss John Gotti, is facing new assault charges after allegedly attacking his girlfriend in a jealous rage. The incident reportedly took place at his Long Island home just days before he was scheduled to report to prison. Agnello is slated to serve a 15-month sentence for stealing $1.1 million in COVID-19 relief funds, which he invested in cryptocurrency. He is accused of slapping, punching, and attempting to choke the victim, as well as smashing her $2,000 cellphone. Agnello was released without bail, having previously sought to delay his prison term by claiming he needed to donate a kidney.
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Fox NewsIn a significant development, nearly 40 ships previously stranded in the Persian Gulf have successfully transited through the Strait of Hormuz over the last three weeks, facilitated by quiet coordination with the U.S. Navy. Shipowners are submitting their transit plans to the Naval Cooperation and Guidance for Shipping group in Bahrain, with an implicit understanding that the U.S. Navy provides limited assurances against potential threats. Although U.S. forces are not formally escorting commercial vessels, they are actively communicating and coordinating to ensure safe passage. This increased movement occurs amidst ongoing U.S.-Iran tensions and follows a period of drastically reduced maritime traffic in the vital waterway.
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CNBCThe Colorado Court of Appeals has overturned the criminally negligent homicide convictions for former paramedics Jeremy Cooper and Peter Cichuniec, involved in the 2019 death of Elijah McClain. This ruling mandates a new trial for both men on that specific charge, although Cichuniec's conviction for second-degree assault-unlawful administration of drugs was upheld. McClain, a 23-year-old Black man, died after being forcibly restrained by police and then injected with ketamine by the paramedics. Colorado Attorney General Phil Weiser expressed disappointment, stating the office remains committed to defending the convictions through the appeals process to ensure justice for McClain and the Aurora community.
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CBS NewsThe Prime Minister met with the family of Henry Nowak, a Southampton University student tragically murdered, stating he was "profoundly humbled" and determined to ensure Henry's legacy extends beyond this awful tragedy. Public outrage has been significant after bodycam footage showed police handcuffing Nowak as he lay dying, following his killer's false claim of a racist attack. The Prime Minister acknowledged that "difficult questions" about the police's handling of the case require answers and committed to taking "whatever action is required to right the wrongs." An inquest jury will examine whether police actions or omissions contributed to the student's death.
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BBCQualifier Maja Chwalinska has made history at the French Open, reaching the women's singles final against Russian teenager Mirra Andreeva. The Polish world number 114, who previously struggled with depression and considered quitting tennis, has had an astonishing run, becoming the first qualifier ever to reach the Roland Garros final. Chwalinska defeated 25th seed Diana Shnaider in a dominant performance, extending her nine-match winning streak on Parisian clay. She now aims to become only the second qualifier in the Open era to win a Grand Slam, facing the formidable eighth seed Andreeva, who also delivered an impressive semi-final victory.
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BBCThe NBA has taken decisive action by issuing lifetime bans to two fans after one ran onto the court during Game 1 of the finals to attempt a selfie with Victor Wembanyama. The individual was arrested, and a second person involved also received a permanent ban from all NBA arenas. Wembanyama described the incident as surprising rather than unsettling. Concurrently, the league is investigating a separate event during a New York Knicks game where star Jalen Brunson became visibly upset after an interaction with courtside fans in the fourth quarter. These measures underscore the NBA's commitment to maintaining security and decorum during games.
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The GuardianA shooting incident at a Northern California high school graduation ceremony in Fairfield tragically left one person dead and three others injured, including an 11-year-old child. The violence erupted in the parking lot after the ceremony concluded, with an 18-year-old pronounced deceased at the scene. Two adults, aged 20 and 25, are receiving hospital treatment for their injuries. Fairfield Mayor Catherine Moy expressed profound sorrow over the "tragedy" and affirmed that the shooter would be brought to justice. Law enforcement agencies are actively investigating the circumstances and seeking to identify potential witnesses, with no suspects publicly identified yet.
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CBS NewsThe Princess of Wales, herself in remission from cancer, shared a heartfelt moment with Claire Lorente, a young mother celebrating the completion of her chemotherapy at The Christie hospital in Manchester. Kate congratulated Lorente, acknowledging her "tough journey" and embracing her partner and son, highlighting the family's shared struggle. During her visit to the specialist cancer unit, Kate observed the range of holistic care offered, including art classes and a well-being garden, and participated in an art session with patients. The Princess emphasized the importance of expressing emotional and psychological changes brought by cancer, calling the experience a "powerful reminder that healing is about so much more than treatment alone."
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BBCThe Senate saw initial efforts fail to block President Trump’s controversial $1.8-billion "anti-weaponization" fund, designed to compensate individuals alleging government overreach. A Democratic amendment to outright ban the fund was narrowly defeated, and subsequently, Democrats rejected a Republican counter-proposal to redirect the money to the Justice Department's fraud division. These votes took place during a "vote-a-rama" session focused on an immigration funding bill. The fund has drawn significant bipartisan criticism, with many lawmakers viewing it as a "slush fund" to reward political allies, including those involved in the January 6th Capitol attack, despite the administration's recent claims it would not proceed.
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LA TimesOil prices experienced a notable drop of about 3% following reports suggesting President Donald Trump is hesitant to resume a full-scale war with Iran, despite recent sporadic clashes. Both West Texas Intermediate and Brent futures declined significantly. U.S. officials, speaking anonymously to The Wall Street Journal, indicated that Trump views the weekslong ceasefire as holding and would only reconsider if American troops were killed. This news emerges amidst a fragile geopolitical landscape, including a recent, albeit uncertain, ceasefire agreement between Israel and Lebanon, which could potentially pave the way for further U.S.-Iran diplomatic efforts. (not investment advice)
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CNBCThe United States recorded a record 736,000 new millionaires last year, bringing the total number of individuals with investable assets exceeding one million dollars to an unprecedented 8.7 million. This significant increase, detailed in Capgemini's World Wealth Report 2026, is largely attributed to the robust performance of the stock market, where both the S&P 500 and Nasdaq Composite Index saw substantial gains. Wealthy Americans further boosted their fortunes by increasing their equity portfolio allocations. However, this surge also underscores a growing economic disparity, as lower-income households grapple with rising living costs while higher-income households benefit from investment growth. (not investment advice)
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CBS NewsNew York City and New Jersey are undertaking a major overhaul of their mass transit system to prepare for the influx of crowds attending FIFA World Cup matches, with potential overlap from the NBA championship series. Governor Kathy Hochul and Mayor Zohran Mamdani detailed plans for expanded bus and subway services, strategic lane closures, and construction bans to ensure smooth traffic flow. The city anticipates handling up to a hundred thousand additional mass transit riders on game days, asserting its readiness for such high-profile events. Enhanced security protocols, including a visible police presence and cyber analysis, are also being implemented to address potential risks.
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NPRA recent study published in Science indicates that severe wildfires across the U.S. and North America have significantly undone progress in ozone air quality since 2015. Despite efforts to reduce anthropogenic emissions, ground-level ozone concentrations have stabilized or risen due to substantial wildfire emissions, which contribute to ozone formation and spread pollution widely. Researchers, using advanced models and data, found a reversal from decreasing ozone levels to an annual increase after 2015, linking this to an estimated 318 premature deaths annually. The article emphasizes that mitigating climate change and implementing fire prevention are crucial for improving air quality and public health.
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The GuardianActing Attorney General Todd Blanche is anticipated to encounter substantial opposition in the Senate for his permanent nomination, despite President Trump's recent announcement of intent. Blanche, who previously served as Trump's personal attorney, has alienated several Senate Republicans due to his involvement with the controversial "Anti-Weaponization Fund." Prominent members of the Judiciary Committee, such as Senators Thom Tillis and John Cornyn, have voiced strong reservations and remain undecided on his confirmation. Their concerns are amplified by Blanche's ambiguous statements regarding the fund's status and his past comments concerning the January 6th Capitol attack, suggesting a challenging confirmation process.
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The Dow Jones Industrial Average soared by nearly 900 points, pushing deeper into record territory, as Wall Street investors placed their hopes on a looming peace deal with Iran. This significant market rally reflects expectations that an agreement could soon end the conflict and facilitate the reopening of the Strait of Hormuz for oil tankers. The optimistic sentiment prevailed despite recent regional skirmishes, including an attack on Kuwait's airport and U.S. strikes near the Strait of Hormuz. Equity analysts noted positive news flow from the Middle East, though they also highlighted the critical need for a deal given dwindling global oil inventories. (not investment advice)
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CBS NewsJourneys across London's public transport system on Thursday reached 86% of usual levels despite the latest strike action by Tube drivers, according to Transport for London (TfL). While London Underground travel saw a 43% decrease, other services like the London Overground, Elizabeth line, and Docklands Light Railway experienced increases in usage. Staffing levels varied across Tube lines, with some operating near-normal services. The Rail, Maritime and Transport (RMT) Union, representing striking drivers, confirmed it would meet London Underground bosses next week to resolve the dispute. TfL apologized for the disruption, asserting its proposals for new arrangements are voluntary and would offer drivers more time off.
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BBCSignificant confusion surrounds the upcoming 250th anniversary celebrations of the United States, as two distinct organizations, Freedom 250 and America250, pursue separate agendas. Freedom 250, a White House-aligned public-private partnership, is orchestrating a "Great American State Fair" and concert series, which has already seen artists withdraw over concerns of politicization, including President Trump's suggestion of replacing concerts with a MAGA rally. Conversely, America250, a nonpartisan commission established by Congress, aims to coordinate broad national and local commemorations. This divergence highlights the challenges of unifying the nation's birthday festivities amid political divides and differing visions for the historical milestone.
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CBS NewsThe stock market displayed resilience as liquidity shifted from the AI and tech sectors, which experienced post-earnings pullbacks, into healthcare, financial, and communication services, driving a significant Dow rally. Despite initial dips in stocks like Broadcom and CrowdStrike, investors recognized that their long-term growth narratives remained strong, leading to a partial recovery in the broader AI group. Concurrently, Costco announced another robust month of sales in May, with U.S. comparable sales climbing 8.7%, marking its highest levels in over a year. This success is attributed to increased customer traffic, as consumers seek savings on gasoline and other goods in the current inflationary environment. (not investment advice)
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CNBCLong-term unemployment in the U.S., defined as jobless for at least 27 weeks, has surged by 55% since 2023, now affecting over 1.8 million Americans. This rise, signaling potential weaknesses in the labor market, carries profound financial, emotional, and familial costs for individuals. Studies link long-term joblessness to significantly lower future earnings, increased depression, and negative impacts on families, such as higher rates of children repeating grades. Economists warn that this trend could curtail consumer spending, impacting the national GDP. The situation is further complicated by a "low-hire, low-fire" labor market and the stigma faced by job seekers with resume gaps. (not investment advice)
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CNBCPresident Donald Trump publicly criticized four Republican House members who supported a war powers resolution aimed at limiting his authority in Iran, labeling them "grandstanders" and "unpatriotic." This comes amidst escalating tensions in the Middle East, where Israel's Foreign Ministry stated that Hezbollah must be disarmed, following the group's rejection of a ceasefire agreement between Israel and Lebanon. Hezbollah leader Naim Qassem declared that resistance would continue as long as occupation exists, dismissing negotiations as "absurd." Israeli Defense Minister Israel Katz affirmed that attacks on Hezbollah would persist and displaced Lebanese residents would not be allowed to return, despite the ceasefire agreement.
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A federal court has mandated the removal of President Trump's name from the Kennedy Center for the Performing Arts by June 12, instructing staff to immediately revert to its original designation. This order stems from U.S. District Judge Christopher Cooper's ruling, which determined that the center's Board of Trustees exceeded its authority by changing the name and planning a two-year closure for renovations. The lawsuit was filed by Democratic Rep. Joyce Beatty, a board member, after Trump appointed several administration officials and allies to the board, who subsequently elected him as chair. The center's officials are now re-evaluating the proposed two-year closure.
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CBS NewsSenator Ron Wyden (D-OR), a leading Democrat, is pressing for transparency concerning a proposed ICE family and child detention center in Alexandria, Louisiana, citing reporting from The Guardian. Wyden's concerns, articulated in letters to contractors and the Department of Health and Human Services, revolve around potential conflicts of interest, environmental contamination, and the absence of a public process in the facility's planning. The proposed center, designed for 528 beds, would hold families and unaccompanied minors for short periods before deportation. Wyden specifically questioned Compass Connections' role, a child welfare non-profit, in a facility referred to as providing "detention services," which contradicts its stated humanitarian mission.
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The GuardianOllie Robinson delivered a stunning performance in his return to England's Test cricket team, taking four wickets for just 10 runs against New Zealand at Lord's. After England was bowled out for a modest 140, Robinson's exceptional bowling, including a triple-wicket maiden, left New Zealand reeling at 29-6 and closing the day on 61-6. His impactful return, after being overlooked for over two years, showcased his skill and maturity, providing a crucial boost to England's post-Ashes rebuilding efforts. This article highlights a promising start for England, demonstrating their ability to capitalize on favorable bowling conditions and set up a potential victory.
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BBCSpend-management company Ramp has secured $750 million in funding, elevating its valuation to $44 billion, a 38% increase. This growth is partly driven by corporate clients' efforts to manage surging artificial intelligence spending. CEO Eric Glyman noted that many CFOs are surprised by the high costs of AI "tokens" and lack adequate tools to manage this new expense. Ramp now offers a product to route tasks to more cost-effective AI models, helping businesses optimize their investments. Glyman emphasized that while AI spending is growing, efficient use of AI is crucial for realizing "extraordinary ROI," suggesting a shift away from simply maximizing token usage. (not investment advice)
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CNBCA confirmed case of New World screwworm, a flesh-eating parasite, in Texas livestock has led to a surge in shares for biotech companies Zoetis and Elanco Animal Health. Zoetis, holding conditional FDA approval and emergency use authorization for a treatment, experienced a notable increase in trading volume and bullish options activity. Experts warn that a wider spread, particularly to wildlife like white-tailed deer, could severely complicate containment efforts and potentially strain the beef supply. While cattle futures have shown resilience, the long-term impact on the U.S. beef market and consumer confidence remains a concern if the parasite issue escalates. (not investment advice)
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CNBCIn an "astonishing" display of human resilience, Sherpa Hillary Dawa Sherpa, 52, was discovered alive on Mount Everest after being missing for six days. A garbage collection team found him "sliding and crawling" down an icefall above base camp, having miraculously survived alone without food, water, or supplemental oxygen. Dawa, who suffered from exhaustion and severe frostbite, was subsequently flown to HAMS Hospital in Kathmandu, Nepal, where he was reunited with his family. He had become separated from his client last Friday at an elevation of 24,600 feet, making his discovery a true "miracle" in the challenging mountain environment.
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California's inaugural wildlife crossing, nearing completion in Siskiyou County, has successfully facilitated its first animal passages, with three mule deer captured on camera using the structure last month. This significant infrastructure project, complemented by several miles of fencing, aims to provide a safe route over a hazardous section of State Route 97, where numerous deer and elk were previously killed by vehicle collisions. The crossing is deemed vital for improving connectivity for a range of wildlife, including gray wolves, mountain lions, and black bears. It represents a new chapter for wildlife conservation in California, with several other similar projects already underway across the state.
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LA TimesLiverpool Football Club has officially appointed Andoni Iraola as its new head coach on a two-year contract, following the recent departure of Arne Slot. Iraola, 43, joins the Reds after a highly successful period at Bournemouth, where he led the team to its finest top-flight season and secured a place in next season's Europa League. The Spaniard, who had previously announced his exit from Bournemouth, expressed immense excitement about coaching a "massive club" like Liverpool and the prospect of contending for titles with elite players. This appointment signals a new direction for Liverpool, aiming to rejuvenate the squad after a comparatively weaker Premier League performance.
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BBCThe Senate has voted down a Democratic effort aimed at permanently blocking the Justice Department's controversial "anti-weaponization" fund during a marathon "vote-a-rama" on immigration enforcement funding. Republicans are pushing a $70 billion package for Immigration and Customs Enforcement and Border Patrol via reconciliation, requiring only a simple majority. The Democratic amendment, which sought to prevent money from going to the DOJ fund, failed 49-50, exposing a GOP rift as some Republicans, including Senator Bill Cassidy, opposed it. Despite Acting Attorney General Todd Blanche's assurances that the fund is dead, his refusal to provide written confirmation fuels ongoing skepticism among senators.
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CBS NewsThe Arizona Supreme Court has dealt a blow to the state's fake elector case against Mark Meadows, Rudy Giuliani, and others, denying a prosecutor's appeal and mandating the case return to a grand jury. This decision creates a setback for Arizona Attorney General Kris Mayes, who intends to re-present the case in full. A lower-court judge had previously ruled that the initial grand jury was not shown the text of the Electoral Count Act, a law invoked by the defense. This development follows similar dismissals in other states, highlighting the complexities and challenges in prosecuting cases related to the 2020 presidential election.
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The GuardianQuantum computing firm Quantinuum began trading on Nasdaq at $68 per share, achieving a market capitalization of approximately $17.6 billion after an upsized initial public offering that raised $1.68 billion. Formed from a merger of Honeywell's quantum division and Cambridge Quantum, the company offers a "full-stack" platform to clients across various industries, including JPMorgan Chase and Amgen. CEO Rajeeb Hazra noted that quantum adoption is in early stages but essential for complex tasks. The company recently received a $100 million funding commitment from the Department of Commerce as part of the Chips and Science Act, validating its strategic importance to the U.S. quantum industry. (not investment advice)
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CNBCFederal student loan borrowers must prepare for significant changes taking effect on July 1st, which will reshape repayment options, borrowing limits, and eligibility rules for millions. These wide-ranging adjustments could impact existing income-driven repayment plans, potentially leading to higher monthly payments or the unavailability of intended plans for new enrollees. Future borrowing opportunities, especially for graduate students and parents, may also face new limits. Borrowers are advised to review their current repayment strategies, assess future borrowing needs, and calculate long-term repayment costs, as even small changes can significantly affect total obligations. Adjusting overall financial plans now is crucial to navigate these impending shifts effectively. (not investment advice)
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CBS NewsA 21-year-old man has been arrested on suspicion of attempted murder after a member of staff at the University of Surrey was shot with a crossbow. The victim, a man in his 50s from the campus safety team, sustained "seriously injured" and was airlifted to a London hospital. The incident occurred at Manor Park Student Village in Guildford. Police confirmed the suspect is a former student and clarified that the event is not being treated as terror-related. A law student reported helping to restrain the suspect until police arrived. A significant emergency services presence was on the scene, and an investigation is actively underway to determine the full circumstances of the assault.
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BBCJohn Bolton, who served as former national security advisor to President Donald Trump, has reportedly agreed to plead guilty to one felony count of retaining classified information within a private diary. According to MS NOW, Bolton, now a prominent critic of Trump, faces a possible sentence of up to 60 months in prison and a $2.25 million fine as part of this plea agreement. The classified details were allegedly shared only with his wife and daughter, neither possessing security clearances. Bolton, initially indicted in October, is slated to appear for a rearraignment on June 26, where he is expected to formally enter his guilty plea in the federal case.
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CNBCSpaceX is set to debut on Nasdaq with an "other-worldly" valuation of nearly 100 times its 2025 revenues, despite reporting a $4.9 billion loss. Nils Pratley of The Guardian critiques this "absurd" valuation, noting that while Starlink and reusable rocket technology are market-leading, they don't justify the price. The article suggests significant hope value is being ascribed to the artificial intelligence operation xAI, recently folded into SpaceX, with most IPO cash directed there. Pratley argues the true value is closer to $780 billion, predicting a future "descent to an earthly valuation" despite the initial "cult of Musk" and forced buying by tracker funds. (not investment advice)
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The GuardianHouse Oversight Committee Chairman James Comer and other Republican lawmakers have formally asked the Justice Department to investigate new allegations of sexual assault raised by Sarah Kellen, a former assistant to Jeffrey Epstein. Kellen, who testified she was sexually assaulted by Epstein for over a decade, also named Ghislaine Maxwell, celebrity hairstylist Frédéric Fekkai, and businessman Philip Levine as alleged abusers during her committee interview. Lawmakers urged the DOJ to pursue these claims using all available tools, including immunity for witnesses, and questioned the delay in law enforcement interviewing Kellen until 2019. Both Fekkai and Levine have issued denials regarding the allegations.
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Zeynab Javadli, the wife of Dubai ruler's nephew, has been reported missing, with her home in Dubai found locked and empty. British lawyer and activist David Haigh stated he lost contact with Javadli on Tuesday night, and her mother discovered the disappearance. Javadli, a former international gymnast, had reportedly been living in fear of security officers taking her children and facing potential arrest for e-crimes related to livestreaming a custody dispute. Lawyers for her ex-husband, Sheikh Saeed bin Maktoum bin Rashid Al Maktoum, have made claims of unfitness in court. This situation bears a troubling resemblance to the disappearance of Princess Latifa, the ruler of Dubai's daughter.
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BBC