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After 19 months of pounding Gaza, Israel is now under growing pressure from unlikely quarters – some of its closest Western allies.

Their patience has worn thin over Israel’s decision to expand the war and, in the words of one Israeli minister, “conquer” the territory – a move paired with plans to forcibly displace Gaza’s entire population to the south and block all humanitarian aid for 11 weeks.

The United Kingdom has paused trade talks and sanctioned extremist settlers in the West Bank. Canada and France have threatened sanctions. And the European Union – Israel’s biggest trade partner – is reviewing its landmark Association Agreement with the country.

Aid groups have warned that the situation in Gaza is becoming catastrophic, with the United Nations’ humanitarian chief Tom Fletcher last week calling on the world to “act decisively to prevent genocide.”

Dozens of babies have died of malnutrition, according to Gaza’s health ministry, and more than 53,000 people – or 4% of the entire population – have been killed since Israel launched its war following the October 7 terror attacks by Hamas and its allies.

The fact that some of Israel’s closest allies are now pushing back more vocally marks a major shift in attitudes toward the country.

The agreement, which covers various forms of cooperation between the two parties, including the free movement of goods and scientific collaboration, has been in place for 25 years. “The mere fact that this is being discussed seriously today is a sign of not just the increasing frustration, and I think also, let’s be quite clear, anger, in some European capitals over Israeli actions in Gaza,” said Lovatt.

The punitive steps threatened by the EU and other allies are designed in part to sway the domestic debate inside Israel, where society is already extremely divided over the war.

The government, propped up by hardliners from far-right parties, is determined to keep fighting in Gaza. But hundreds of thousands of Israelis demonstrate against the war each week, demanding the government agrees a ceasefire deal to release all the hostages still held in the strip.

In an opinion poll published by Israel’s Channel 12 broadcaster earlier this month, 61% of those surveyed favored ending the war for a deal that secures the hostage release, while only 25% supported the expanded military operation.

That notwithstanding, Arie Reich, a legal scholar at Israel’s Bar-Ilan University who specializes in international trade and EU law, said that external pressure on Netanyahu’s government may not have the desired effect.

“When foreign countries try to interfere in internal matters of another country, especially things that are very dear to them, such as their national security, it usually works as a boomerang, and it actually causes the people to support the government even more,” he said.

“There is a wide consensus in Israel that we want to release our hostages, and that we do not want to go back to where we were on October 6. We don’t want to have this threat of Hamas lingering over us,” Reich said.

But he added that the moves by some of Israel’s allies have made it clear that the “window of using military force is starting to close.”

“And maybe, if it goes on longer than that, I think it’s going to be very hard to maintain normal relations with many countries in the West,” he said.

Israel has so far brushed aside the threats from its Western allies. Prime Minister Benjamin Netanyahu has accused them of “offering a huge prize” to the October 7 attackers, while Israel’s foreign ministry said that “external pressure will not divert Israel from its path in the fight for its existence and security against enemies seeking its destruction.”

This determination to continue may be due to Netanyahu believing that he can, for now at least, rely on the United States for support.

And while the moves are diplomatically symbolic, critics expect little to change on the ground for Palestinians.

Short of a total arms embargo and a full suspension of economic relations, Israel is unlikely to change its ways, he said, arguing that Canada, France and the UK had been “complicit” in Israel’s actions in Gaza by providing it with “military, intelligence, economic, and diplomatic support.”

All three countries have longstanding agreements with Israel that include defense and security cooperation, although the detail of what exactly these contain is unclear.

The UK and France have suspended some arms licenses to Israel over the situation in Gaza but have continued to export military equipment worth tens of millions of dollars to Israel. Canada has said that no export permits on military goods to Israel have been issued since January 8, 2024.

Israel’s most powerful backer stands by it

As Israel’s most powerful ally, the US has the most sway over Netanyahu and his government. And while some in the Trump administration have criticized Israel over the dire humanitarian situation in Gaza, there has been no indication the US would take any punitive actions against it.

It isn’t, however, a “foregone conclusion that the US will continue to always unequivocally back Israel,” Lovatt said.

“While I don’t see a rupture in relations, clearly, the arrival of the second Trump administration has created an interesting dynamic, given the influence of what I would call the ‘America Firsters,’ those in the MAGA world who want to put the US first in everything, and that has, to a certain extent, also applied to Israel,” he said.

The US has moved out of step with Israel on number of issues in recent weeks.

It has struck a ceasefire deal with Yemen’s Iran-backed Houthi rebels without first informing Israel; unilaterally negotiated with Hamas the release of US citizen Edan Alexander from Gaza; and, according to a Reuters report, has dropped its demand for Saudi Arabia to normalize relations with Israel as a condition for US investment and potential US arms deals.

Addressing Israel’s criticism over the deal with the Houthis, US ambassador to Israel Mike Huckabee told Israeli media that the US “isn’t required to get permission from Israel” to get an agreement that protects its ships.

“Netanyahu has positioned himself as a master of the US political game, and as someone who’s best placed to manage and maintain tight Israel relations and to keep any US presidential administration on side. I think seeing some daylight between the Trump administration and the Israeli government clearly puts pressure on Netanyahu,” Lovatt said.

There are signs that some in Israel are worried about the consequences of its actions in Gaza. The leader of Israel’s opposition left-wing Democrats party, retired Israeli general Yair Golan, warned on Tuesday that Israel is “on its way to becoming a pariah state.”

The impact of the pressure from the allies was on display on Sunday, when the Israeli military announced it would allow a “basic amount of food” to enter Gaza as it launched its new offensive in the strip, which Israel says is intended to pressure Hamas to release the hostages held there.

Netanyahu conceded on Monday that if “a situation of famine” arose in Gaza, Israel “simply won’t receive international support.”

In a statement posted to Telegram, he added that even US senators “who have been staunch, unconditional supporters of Israel for decades” had told him that “images of mass starvation” in Gaza would cost Israel their support.

‘More of a threat’

Even if the US won’t use its leverage to force Israel to change its strategy in Gaza in a more significant way, it doesn’t mean Europe can’t put pressure on Israel on its own, experts say.

The European Union is Israel’s biggest trading partner, accounting for roughly a third of its trade in goods.

A full suspension of the Association Agreement between the EU and Israel is unlikely, as it would require unanimous agreement of all 27 EU member states and several have already indicated they would not support it – including Hungary, a staunch supporter of Israel.

Reich said that under the terms of the agreement, both the EU and Israel can terminate it for whatever reason, or even without giving a reason.

“The thing is that within the EU, that would require consensus … and that would be very, very hard, because there are many countries, many (EU) member states that will not go along with this,” he said.

“So I think it’s more of a threat to put pressure (on Israel) and maybe they could manage some temporary suspension of some provisions, but to terminate it, I don’t think it can happen,” he added.

Public support for the country runs deep in many of the bloc’s member states, which makes it difficult for some European governments to push for harsher sanctions against Israel.

And, Lovatt said, many European countries are also aware of the fact that they may need Israel’s help in the future.

“Especially in a situation where European countries are increasingly fearful of Russia’s actions in Ukraine, but also the threat that Russia represents the rest of Europe, and (they) see Israel as an important source of weapons and technology,” he said.

While terminating the association agreement would require unanimity, it would only take a majority of EU states to force through a partial suspension of the agreement.

Even that could be painful for Israel because it could lead to higher tariffs on Israeli products or prevent Israel from taking part in coveted EU projects such as the Horizon Europe program, with more than $100 billion in funding available for research and innovation.

The EU has in the past used its power to put pressure on countries over human rights abuses – often for issues Lovatt says are a lot less serious than the current situation in Gaza.

“The bottom line is that until now, the EU has treated Israel with a degree of exceptionalism by not taking anywhere near the sort of steps that it has taken in other situations of human rights abuses or territorial annexation,” Lovatt said.

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Dr. Alaa al-Najjar left her ten children at home on Friday when she went to work in the emergency room at the Nasser Medical Complex in southern Gaza.

Hours later, the bodies of seven children – most of them badly burned – arrived at the hospital, according to the Gaza Ministry of Health. They were Dr. Najjar’s own children, killed in an Israeli airstrike on her family’s home, Gaza Civil Defense said. The oldest was 12, the youngest just three years old. The bodies of two more children – a 7-month-old and a two-year-old – remained trapped under the rubble as of Saturday morning.

Only one of her children – critically injured – survived. Dr. Najjar’s husband, himself a doctor, was also badly injured in the strike.

Civil defense and the health ministry say that the family’s home, in a neighborhood of Khan Younis in southern Gaza, was targeted by an Israeli airstrike.

Gaza Civil Defense published graphic video from the scene of the strike. It showed medics lifting an injured man onto a stretcher as other first responders try to extinguish a fire engulfing the house. They recover the charred remains of several children from the debris and wrap them in white sheets.

‘Wiping out entire families’

Munir al-Barsh, Director-General of the Ministry of Health in Gaza, said that Dr. Najjar’s husband had just returned home when the home was struck.

“Nine of their children were killed: Yahya, Rakan, Raslan, Gebran, Eve, Rival, Sayden, Luqman, and Sidra,” Barsh posted on X. He said her husband was in intensive care.

“This is the reality our medical staff in Gaza endure. Words fall short in describing the pain. In Gaza, it is not only healthcare workers who are targeted—Israel’s aggression goes further, wiping out entire families,” Barsh said.

Both the father and son underwent two surgeries at the hospital and are still receiving treatment, Farra said.

Youssef Abu al-Reesh, a senior official at the Health Ministry, said Dr. Najjar had left her children at home to “fulfill her duty and her calling toward all those sick children who have no place but Nasser Hospital.”

Reesh said that when he arrived at the hospital, he had seen her “standing tall, calm, patient, composed, with eyes full of acceptance. You could hear nothing from her but quiet murmurs of (glorification of God) and (seeking forgiveness).”

Dr. Najjar, 38, is a pediatrician, but like most doctors in Gaza, she has been working in the emergency room during Israel’s onslaught on the territory.

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The families of Israeli hostages held in Gaza blasted the newly-picked head of the Shin Bet security agency after he reportedly voiced opposition to hostage deals.

According to Israel’s Channel 12 News, Maj. Gen. David Zini said in meetings of the Israel Defense Forces (IDF) general staff: “I oppose hostage deals. This is a forever war.” The report does not provide a specific date for the Zini’s comments. Channel 12 says it was a position he repeated often over the past year.

“If the report is accurate, these are shocking statements, worthy of unequivocal condemnation, especially coming from someone who is expected to hold the fate of the hostages in his hands,” said the Hostages and Missing Families Forum in a statement on Friday.

In his current position as the head of the Training Command and General Staff Corps in the IDF, Zini has little influence on hostage negotiations and his personal beliefs are largely irrelevant to the process. But if confirmed as head of the Shin Bet, Zini could have a significant role considering the agency’s participation in previous rounds of indirect negotiations with Hamas.

“Appointing a Shin Bet chief who prioritizes (Prime Minister Benjamin) Netanyahu’s war over the return of the hostages is a sin upon a crime and an injustice to the entire people of Israel – a blow to the value of solidarity and the sacred duty to leave no one behind,” the forum said.

When asked for comment, the IDF said it “does not on comment on content discussed in General Staff deliberations.”

Zini’s career in the military has mostly been as a field officer with little experience in intelligence, which is a core aspect of the Shin Bet, officially called the Israel Security Agency.

Ruby Chen, the father of Israeli-American soldier Itay Chen, whose body is still held in Gaza, said on social media that “Netanyahu appoints to key positions people who lack the relevant skills in order to control the system.”

Netanyahu announced Zini’s nomination on Thursday, one day after Israel’s Supreme Court ruled that he had a conflict of interest in firing the previous Shin Bet chief, Ronen Bar, and could not appoint a replacement.

In its decision, the court said the firing “was made when the Prime Minister had a conflict of interest in light of the investigations into the affairs of his associates; that the decision was made without a factual foundation; and without a proper hearing being held for the Shin Bet head.”

On Thursday, the Attorney General said: “The Prime Minister acted contrary to legal guidance, there is serious concern that he acted when he is in a conflict of interest, and the appointment process is flawed.”

But Netanyahu proceeded with the appointment anyway. The Prime Minister’s Office issued a statement on Friday defending the decision. “This is an urgent security necessity, and any delay harms the security of the state and the safety of our soldiers,” it said. Netanyahu said on Friday that he has known Zini for years.

The choice of Zini as an active-duty general was also unprecedented, prompting the IDF’s Chief of Staff Lt. Gen. Eyal Zamir to issue a statement saying that Zini would retire “in the upcoming days” before he can take up the civilian Shin Bet post.

The pick appeared to surprise the country’s top general, who emphasized that “any discourse conducted by IDF soldiers with the political echelon must be approved by the Chief of General Staff.”

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President Donald Trump and Secretary of State Marco Rubio are continuing to overhaul the National Security Council and shift its main functions to other agencies like the State and Defense departments. 

The latest efforts to slim down a federal agency come weeks after Trump announced former National Security Advisor Mike Waltz would depart his post at the White House overseeing the agency and serve as UN ambassador. Waltz himself began the streamlining process in January, when, in one of his first moves as Trump’s national security adviser, he ordered 160 NSC staffers off the job pending a comprehensive review of the agency’s alignment with Trump’s agenda.

The current plans to upend the agency would include whittling down the size of the National Security Council, which the Trump White House believes is full of long-term, bureaucratic staffers who don’t align with Trump’s agenda. 

Additionally, the restructuring will move Andy Barker, national security advisor to Vice President JD Vance, and Robert Gabriel, assistant to the president for policy, into roles serving as deputy national security advisors. 

Axios was the first to report the Trump administration’s restructuring plans. A White House official confirmed Axios’ reporting to Fox News Digital. 

A White House official involved in the planning said Trump and Rubio are driving the change in an attempt to target Washington’s so-called ‘Deep State.’ 

‘The NSC is the ultimate Deep State. It’s Marco vs. the Deep State. We’re gutting the Deep State,’ a White House official told Axios. 

 

The National Security Council is located within the White House and provides the president guidance on national security, military and foreign affairs matters. 

Waltz’s departure from the agency followed his involvement with other administration officials, like Defense Secretary Pete Hegseth, in the Signal chat controversy over strike plans against the Houthis in March.

But Waltz had been focused early in his short tenure on the issue of what the Trump administration considers ‘deep state’ infiltration of the agency. The former Green Beret and Florida congressman was especially concerned about Biden administration political appointees and holdovers assigned to the NSC from other agencies. 

Since Waltz’s departure earlier this month, Rubio has taken on the role of national security advisor. That’s in addition to leading the State Department and serving as acting archivist and acting administrator of the U.S. Agency for International Development, which the administration is aiming to dismantle this year. 

Fox News Digital was the first to report that the State Department planned to absorb the remaining operations and programs USAID runs so it would no longer function as an independent agency. The move requires cutting thousands of staff members in an attempt to bolster the efficiency of the existing, ‘life-saving’ foreign assistance programs, according to a State Department memo Fox News Digital obtained. 

Fox News’ Emma Colton contributed to this report. 

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In his famed 1953 ‘Atoms for Peace’ speech, President Eisenhower proclaimed that ‘the United States knows that peaceful power from atomic energy is no dream of the future.’ That dream was soon realized, as America built more than one hundred reactors over the next twenty-five years. But today, the promise of nuclear energy and innovation does indeed seem like a dream of the future.

Through a series of executive orders signed this week, President Trump is taking action to usher in an American nuclear renaissance. For the first time in many years, America has a path forward for quickly and safely testing advanced nuclear reactor designs, constructing new nuclear reactors at scale, and building a strong domestic nuclear industrial base.

Our stagnation was not for a lack of ingenuity or desire to innovate among America’s great scientists and technologists. By the end of the 1970s, dozens of nuclear reactors were planned or under construction. In the past 30 years, however, only three commercial nuclear reactors have been built, and many more have been shuttered. We know America can accomplish great feats in nuclear energy, so what happened?

In the wake of the Three Mile Island accident in 1979, public opinion began to sour on nuclear energy, and the effects of a decade of new federal bureaucracies began to set in. Overly burdensome regulations stifled our ability to even test, let alone deploy, new nuclear technologies. The Nuclear Regulatory Commission (NRC) set the gold standard for safety regulation when it was established in 1975, but it soon transformed into a lead curtain for innovation. Onerous environmental requirements and long, uncertain regulatory timelines have killed industry’s willingness to fund new technologies.

Similarly, the Department of Defense (DOD) and the Department of Energy’s (DOE) National Labs—which once led the world in the development and demonstration of advanced nuclear technologies—shuttered nuclear development programs, shifting focus to other priorities.  All but three of fifty-two reactors at Idaho National Laboratory have been decommissioned, and it has been almost half a century since the Army Nuclear Power Program was shut down. These decisions eroded our domestic nuclear supply chain, undermined our national security, and left us having to relearn what we once pioneered.

President Trump wisely recognizes that the time is ripe for an American nuclear renaissance and is acting to deliver on the promise of nuclear energy for the American people. Across the country, American entrepreneurs and engineers are launching a new generation of nuclear companies featuring innovative reactor designs and scalable manufacturing techniques that can make nuclear safe, efficient, and economic. The Trump Administration will clear their path by dismantling outdated barriers that previous administrations had put up in their way.

Today, nuclear power plants provide approximately 19% of the electricity generated in the United States, more than solar and wind combined. That is reliable and affordable electricity for the American people, and it could and should be even more.

Today, nuclear power plants provide approximately 19% of the electricity generated in the United States, more than solar and wind combined. That is reliable and affordable electricity for the American people, and it could and should be even more. The Trump Administration is setting the goal of expanding American nuclear energy capacity from 100 GW today to 400 GW by 2050. This week’s executive actions will help us reach that goal in four ways.

First, we are going to fully leverage our DOE national laboratories to increase the speed with which we test new nuclear reactor designs. There is a big difference between a paper reactor and a practical reactor. The only way to bridge that gap—understanding the challenges that must be surmounted to bring reactors to the market, and building public trust in their deployment—is to test and evaluate demonstration reactors. 

Second, for our national and economic security, we are going to leverage the Departments of Defense and Energy to build nuclear reactors on federally owned land. This will support critical national security needs which require reliable, high-density power sources that are invulnerable to external threats or grid failures.

Third, to lower regulatory burdens and shorten licensing timelines, we are asking the NRC to undergo broad cultural change and regulatory reform, requiring a decision on a reactor license to be issued within 18 months. This will reduce regulatory uncertainty while maintaining nuclear safety. We will also reconsider the use of radiation limits that are not science based, impossible to achieve, and do not increase the safety of the American people. 

Fourth, we will be supporting our domestic nuclear industrial base across the nuclear fuel cycle.  The President has called for industry to start mining and enriching uranium in America again, as well as an expansion of domestic uranium conversion capacity as well as enrichment capabilities to meet projected civilian and defense reactor needs.

When President Eisenhower spoke about nuclear potential over 70 years ago, he expressed no doubt that the world’s best scientists and engineers, if empowered to ‘test and develop their ideas,’ could turn nuclear energy into a ‘universal, efficient, and economic’ source of power. In 2025, we have only to believe in American technologists, and give them the chance to build, to turn nuclear power into energy dominance and national security for all.

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As the GOP’s ‘big beautiful bill’ heads to the Senate next month, one provision legislators from both parties should keep their sights squarely set on is no tax on overtime, because in my travels talking to working Americans, no policy comes up more often.

It is not hyperbole to suggest that, if successfully implemented, vastly reducing overtime tax on America’s workers would be the most politically significant measure in the bill, and could easily help Republicans sweep the midterms.

It is very rare, when I’m out talking to people on the road, for person after person to keep mentioning something I never even brought up. A clear example in the last election was Robert F. Kennedy Jr., now Secretary of Health and Human Services, who I couldn’t get people to shut up about, even when the media wasn’t focused on him.

In the end, RFK Jr. played a vital role in putting President Donald Trump over the top.

For the past couple of months, the thing I have heard over and over again from workers and employers is how much they desperately want no tax on overtime.

Regular readers of this column will recall the coal miner in Columbiana, Ohio who told me, ‘taxes are killing the working man,’ or Doug and Danny in Jeffersonville, Indiana, a steel cleaning plant owner and his foreman who also weighed in.

Doug told me it will ‘encourage [younger workers] to give up their time, away from loved ones and produce for customers that we have, that need steel, that they want that we did not produce Monday through Friday and get it done.’

From Ohio, to Texas, to West Virginia, no tax on overtime has created excitement for the people the news media never seem to get around to talking to.

A major reason that no tax on overtime has been largely ignored compared to its more popular cousin, no tax on tips, is that almost nobody who produces news has ever held a job that includes traditional overtime, while many likely had tipping jobs in college.

This also explains exactly why the overtime provision is a much bigger deal. There are a handful of tipped jobs that one can raise a family on, but most are stepping stones. There are millions of jobs you can raise a family on that involve overtime.

For the men and women who work these jobs in plants, mines and forges, a reduction in overtime tax is far more meaningful than any stimulus check could be. A stimulus check is like a winning scratch-off lottery ticket. No tax on tips is a raise. You can plan on it, build around it.

This brings us around to the midterms. If by the fall of 2026, American workers have been keeping more of their money, not receiving largesse from the state, but keeping more money they worked for, then every GOP candidate will point at every Democrat incumbent in Congress and say, ‘they voted against it.’

One of Donald Trump’s political superpowers is to find the issues American voters deeply care about that the media largely ignores. He did it by fighting wokeness, he did it opposing foreign interventionism, he did it by focusing on our kids’ health.

I don’t know how he does it. I know how I do it. I spend hours and hours traveling and talking to people. Maybe Trump talks to the working-class people he employs, maybe he just judges based on crowd reactions at rallies, but however he does it, finger meets pulse.

With no tax on overtime, Trump has done it again. Every Republican who is running for Congress outside of Silicon Valley and the Upper East Side would be wise to lead their campaign with, ‘President Trump and I promised no tax on overtime and we delivered.’

There seems to be some surprise that Trump’s poll numbers are recovering after a brief dip occasioned by universal freakouts over his tariff policy. But there is a very good reason for it: On almost every policy the president is doing exactly what he told voters he would do.

Once workers start seeing that bump in their weekly check they can start saving for a better vacation, put more money away for their kids, or even buy their girl an engagement ring. These are the riches of the working class.

Senate Democrats should tread cautiously as the big beautiful bill lands in the upper chamber. They should decide if they really want to look their constituents in the eye and say, ‘You know that raise my opponent’s party and President Trump gave you? I want to take it away.’

No tax on overtime may be Donald Trump’s baby, but come the midterms, it could be a big bundle of joy for the Republican Party.

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A group of House Republicans are requesting Fiscal Year 2026 spending bills to include language prohibiting federal funding for transgender experiments on animals. 

Republican Reps. Paul Gosar, Elijah Crane, Abraham J. Hamadeh of Arizona, Lauren Boebert of Colorado, Brandon Gill of Texas, Nancy Mace of South Carolina, Marjorie Taylor Greene of Georgia, Pete Stauber of Minnesota and Troy E. Nehls of Texas are urging the chairman and ranking member of the Subcommittee on Labor, Health and Human Services, Education, and Related Agencies to prohibit transgender experiments on animals in its FY2026 appropriations bill. 

House Republicans have requested the committee include the following language: ‘None of the funds made available by this or any other Act thereafter may be used for research on vertebrate animals for the purpose of studying the effects of drugs, surgery, or other interventions to alter the human body (including by disrupting the body’s development, inhibiting its natural functions, or modifying its appearance) to no longer correspond to its biological sex.’

The letter, addressed to Chairman Rep. Robert Aderholt, R-Ala., and Ranking Member Rep. Rosa DeLauro, D-Conn., points to the dozens of National Institutes of Health (NIH) grants issued during former President Joe Biden’s administration that are funding ‘wasteful and disturbing experiments to create ‘transfeminine’ and ‘transmasculine’ lab animals using invasive surgeries and hormone therapies.’

‘The transgender animals are then wounded, shocked, injected with street drugs and vaccines, and subjected to other disturbing procedures,’ the House Republicans said in the letter, as Fox News Digital reported earlier this year. 

‘President Trump has personally criticized these experiments on several occasions, and the Department of Government Efficiency has canceled millions in NIH grants funding transgender animal testing. However, many of these NIH grants funding gender transitions for lab animals are still active,’ House GOP members said. 

President Donald Trump condemned transgender animal experiments during his joint address to Congress in March. The White Coat Waste Project, a government watchdog group that testified about transgender animal experiments on Capitol Hill earlier this year, told Fox News Digital there are still ’29 active taxpayer-funded grants that have been used to fund transgender animal tests.’

‘We urge you to include the language above in the FY26 Labor, Health and Human Services, Education, and Related Agencies bill to ensure no more taxpayer dollars are wasted to fund transgender animal tests,’ the Republicans said in the letter. 

The White Coat Waste Project, in a statement to Fox News Digital, touted their role in halting taxpayer-funded ‘transgender animal tests,’ and celebrated the House Republicans’ bill, led by Gosar, to stop more federally funded experiments. 

‘Thanks to White Coat Waste’s viral investigations and collaboration with Rep. Paul Gosar and others in Congress, the Trump Administration has slashed spending on wasteful experiments that subject lab animals to invasive surgeries and hormone therapies to crudely mimic gender transitions in kids and adults and then wound, shock and inject the animals with vaccines and overdoses of sex party drugs,’ Justin Goodman, Senior Vice President of White Coat Waste Project, said. 

‘These Trump cuts have already saved thousands of lab animals and millions of tax dollars, but dozens more NIH grants that funnel tax dollars to disturbing transgender animal tests are still active. Taxpayers shouldn’t be forced to foot the bill for wasteful and cruel transgender animal tests, and Rep. Gosar’s commonsense effort to permanently defund them will ensure they won’t have to.’

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Earlier this year, Elon Musk’s Department of Government Efficiency (DOGE) uncovered $4.7 trillion in untraceable Treasury Department payments. 

Prior to the discovery, Treasury Account Symbol (TAS) identification codes were optional for $4.7 trillion in Treasury Department payments, so they were often left blank and were untraceable. The field is now required to increase ‘insight into where the money is actually going,’ the Treasury Department and DOGE announced in February. 

‘Of the 1.5 billion payments that we send out every year, they are required to have a TAS, a Treasury Account Symbol. We discovered that more than one third of those payments did not have a TAS number,’ Treasury Secretary Scott Bessent said before the House Appropriations Subcommittee on Financial Services and General Government earlier this month. 

Fox News Digital asked Republican senators on Capitol Hill to respond to the approximately 500,000 in untraceable payments made by the Treasury Department each year. 

‘I’m not surprised at all, unfortunately,’ Sen. Roger Marshall, R-Kansas, said before adding, ‘They were leaving complete fields undone when they were filling out their financials, so this is a common theme. I’m not surprised.’

Sen. Eric Schmitt, R-Missouri, called for an investigation into where those payments actually went. 

‘There’s so much waste. There’s so much fraud, There’s so much abuse in our government,’ Schmitt told Fox News Digital. ‘I’m glad there was a laser-like focus on it. We ought to make many of those reforms permanent, but there probably ought to be some investigations here about where this money actually went. I mean this is taxpayer money. People work hard.’

After DOGE and the Treasury Department uncovered $4.7 trillion in untraceable funds, Marshall and Sen. Rick Scott of Florida introduced a bill in March requiring the Treasury Department to track all payments. 

The Locating Every Disbursement in Government Expenditure Records (LEDGER) Act seeks to increase transparency in how the Treasury Department spends taxpayer money. 

‘When you hear about this story that they didn’t know where the money was going, it makes you mad because this is somebody’s money, this is taxpayers’ money when we have almost $37 trillion in debt, so this makes no sense at all,’ Scott said. 

The Congressional Budget projects that interest payments on America’s national debt will total $952 billion in fiscal year 2025. That’s $102 billion more than the United States’ defense budget at $850 billion. 

‘We paid out more last year on our debt, $36 trillion in debt, with $950 billion in interest going to bondholders all over the world, including in China. That $950 billion didn’t go to build a bridge or an F-35. We paid more on the interest on debt than we did to fund our military,’ said Sen. Dan Sullivan, R-Alaska. 

‘That is an inflection point that when most countries hit, you look at history, that’s when great powers start to decline. So we have to get those savings.’

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Here’s a quick recap of the crypto landscape for Friday (May 23) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$110,637 as markets closed, down 2.4 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$108,334 and a new all-time high of US$111,814.

Bitcoin performance, May 23, 2025.

Chart via TradingView.

Ethereum (ETH) finished the trading day at US$2,659.55, a 3.5 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$2,541.09 and saw a daily high of US$2,720.92.

Altcoin price update

  • Solana (SOL) closed at US$179.09, down 0.5 percent over 24 hours. SOL experienced a low of US$176.13 and a high of US$186.92.
  • XRP is trading at US$2.43, reflecting a 3.0 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.34 and a high of US$2.47.
  • Sui (SUI) is priced at US$3.83, showing a decreaseof 5.0 percent over the past 24 hours. It achieved a daily low of US$3.62 and a high of US$3.96.
  • Cardano (ADA) is trading at US$0.7973, down 3.2 percent over the past 24 hours. Its lowest price of the day was US$0.7717, and it reached a high of US$0.8341.

Today’s crypto news to know

Bitcoin price blasts past US$111,000

Bitcoin soared to a new all-time high of US$111,980 this week, extending its bull run on the back of rising institutional demand and increasingly vocal political support from Donald Trump.

The rally came as Trump hosted a private dinner at his Virginia golf club for top holders of his $TRUMP memecoin, an event that underscored his pivot to becoming crypto’s most visible political backer.

Analysts pointed to surging interest from entities like Strategy (formerly MicroStrategy), which just filed to sell US$2.1 billion in stock to buy more Bitcoin, as a key driver.

The rally is also fueled by expectations of clearer crypto regulation, with the Senate advancing a pro-stablecoin bill that Trump allies have framed as a pro-growth measure.

Major US banks bill unified Stablecoin

Several of the biggest US banks — including JPMorgan, Wells Fargo, Bank of America, and Citigroup — are in early discussions to jointly launch a stablecoin, according to a new Wall Street Journal report.

The goal: to create a financial instrument that can keep pace with crypto-native payment systems and prevent a further shift away from traditional finance.

Industry insiders say payment infrastructure arms like Zelle’s operator, Early Warning Services, and The Clearing House are also involved in talks. The stablecoin would likely be dollar-pegged and open to broader banking adoption beyond the founding consortium, reflecting a desire to modernize settlement rails and attract fintech interest.

The move comes as the GENIUS Act gains momentum in the US Senate, laying the groundwork for a formal regulatory framework around stablecoins.

Sun praises Trump at dinner, calls memecoins ‘underrated’

Justin Sun, once under legal siege during the Biden administration, was front and center at Donald Trump’s exclusive dinner for TRUMP memecoin whales — using the moment to declare a new era for crypto in the US.

In an interview after the event, Sun pushed back against critics who accused the memecoin gathering of being a crypto-access-for-cash scheme, saying skeptics are missing the big picture.

Sun has been a key figure in Trump’s crypto orbit since late last year, reportedly investing up to US$75 million in Trump-affiliated crypto projects, including World Liberty Financial tokens.

Legal issues still follow Sun — including an ongoing DOJ investigation — but his comments make clear that the crypto industry sees Trump’s administration as a major opening.

Ember Sword becomes latest Web3 game casualty amid market slump

Ethereum-based MMORPG Ember Sword has shut down its development, citing an inability to raise sufficient funding despite a previously strong start and multimillion-dollar NFT land sales.

The studio behind the game posted a farewell note to supporters, saying that even with early access launched and high-profile advisors onboard, current market conditions were too harsh to sustain the project.

The team had switched platforms multiple times — from Polygon to Immutable X and later to Mantle — in search of better scalability, but the moves weren’t enough to keep the dream alive.

Ember Sword joins a growing list of web3 gaming failures this year, including Deadrop and Tatsumeeko, as investor appetite for blockchain games cools significantly. The game’s token, EMBER, has lost over 99 percent of its value from its peak, now trading at a mere US$0.00047.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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