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Why are President Donald Trump and his national security team focused on Panama and Greenland? 

Donald Trump understands that modern threats – China’s predatory mercantilism and its massive military buildup, including the ability to destroy our reconnaissance satellites in orbit – requires an urgent reinvigoration of the 200-year-old Monroe Doctrine.

The Monroe Doctrine, America’s fundamental national security imperative, seeks to exclude outside powers from the Western Hemisphere. It is key to protecting the U.S. and our neighbors from China’s malicious designs. 

Trump understands that Greenland and Panama aren’t merely the key in any potential conflict with China, they are key to deterring China from conflict in the first place.

During WWII and the Cold War, prior to the advent of near-global real-time overhead satellite coverage, America maintained forward bases in a string from Hawaii to Alaska to Canada to Greenland to Puerto Rico to Panama. These bases hosted naval assets, electronic listening posts, early warning radars and airfields for patrol aircraft. 

The forward presence not only protected the American heartland, but it also served to guard the sea lanes needed for trade and to support our allies in Europe and Asia. 

Trump recognizes the shifting geopolitical landscape, with China’s rise posing a new challenge to U.S. dominance in the Western Hemisphere – and a secure homeland. In 2019, he expressed interest in purchasing Greenland from Denmark, citing its vast natural resources and strategic Arctic location. This is more relevant than ever, with the Northwest Passage becoming increasingly accessible due in part to Russia and China’s rapidly growing heavy icebreaker fleet. 

Similarly, Trump and Secretary of Defense Pete Hegseth are taking significant steps to secure the Panama Canal – with full cooperation from the Panamanian government. 

The Panama Canal is a vital artery for global trade and military logistics. But in 1997, just before Britain handed over Hong Kong to China, Hutchison Whampoa, a Hong Kong-based shipping and logistics firm, bought the concession that privatized operations of the Panama Canal. 

When, in 2020, China ended the ‘one country, two systems’ model with Hong Kong, it meant for all intents and purposes that Hutchison Whampoa (now known as CK Hutchison) must do the Chinese Communist Party’s bidding. This greatly increases the risk to the Panama Canal – and it’s why the firm, reacting to pressure from Panama and the U.S., agreed to sell its global assets to an American holding company. That proposed sale was quickly threatened by the Chinese Communist Party, which instituted an ‘antitrust review.’

Just to be sure, the Trump White House directed the U.S. military to develop options for increasing troop presence in Panama to ensure ‘unfettered’ access to the canal, reflecting concerns about ongoing Chinese threats to the canal’s operation. 

Strategic Importance in a Conflict with China

The strategic importance of Greenland and Panama is heightened in the context of a potential conflict with China, particularly if America’s extensive network of reconnaissance and nuclear missile early warning satellites are destroyed by China in its opening attack. Modern warfare relies heavily on satellite technology for communication, navigation and intelligence gathering. 

If these assets are compromised, the U.S. would need to rely on traditional methods, such as long-range patrol aircraft and naval vessels, operating from forward bases. Greenland, with its airfields and ports, provides an ideal location for staging operations in the Arctic, deploying assets like the P-8 Poseidon to monitor submarine activity and secure shipping routes. 

The Panama Canal, meanwhile, ensures rapid deployment of naval forces between the Atlantic and Pacific Oceans, maintaining flexibility in military operations.

This focus on forward bases aligns with the need to defend the homeland and secure vital shipping lanes critical for global trade and military logistics despite enemy efforts. China’s growing naval capabilities, including advanced submarines and aircraft carriers, necessitate robust strategic positioning to deter potential threats and maintain maritime routes.

Historical Parallels: WWII and Cold War Operations

Historical precedents underscore the importance of forward bases in national defense. During WWII, the U.S. established the Caribbean Defense Command – forerunner to today’s U.S. Southern Command – to protect the Panama Canal and monitor German U-boat activity in the Atlantic. Bases in Trinidad, Brazil and Puerto Rico were instrumental in anti-submarine warfare, ensuring the flow of supplies to Europe and preventing Axis powers from gaining a foothold in the Americas. 

During the Cold War, the U.S. maintained a significant military presence in Latin America to counter Soviet influence. Today, in Cuba, what’s old is new again, as China has occupied and upgraded the massive Cold War-era Soviet eavesdropping base at Lourdes. From that perch, China can listen to every cellphone conversation in the American Southeast. 

The Broader Challenge

Beyond Greenland and Panama, China’s activities in the Western Hemisphere, such as its Belt and Road Initiative infrastructure projects – some serving as replenishment ports for its navy – pose a direct challenge to U.S. interests and regional security. Along with the malevolent presence of Iran’s proxy, Hezbollah, and hostile regimes such as Maduro’s Venezuela, Trump’s team has a big task to clean up decades of neglect in the Western Hemisphere. 

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The Department of Health and Human Services (HHS) is probing ‘a major pediatric teaching hospital’ over the alleged firing of a nurse who sought a religious exemption to avoid administering puberty blockers and cross-sex hormones to children.

‘The Department will robustly enforce federal laws protecting these courageous whistleblowers, including laws that protect healthcare professionals from being forced to violate their religious beliefs or moral convictions,’ Acting HHS OCR Director Anthony Archeval said in a statement.

While HHS has not confirmed the hospital’s identity, it is believed to be Texas Children’s Hospital (TCH) — the largest children’s hospital in the U.S. — as the investigation follows whistleblower nurse Vanessa Sivadge’s testimony on Capitol Hill. Sivadge first came forward publicly in June 2024 and was later fired in August 2024.

Sivadge told lawmakers that she had witnessed ‘disturbing trends and concerning practices’ relating to the treatment of children diagnosed with gender dysphoria. She also said that she ‘observed the powerful and irreversible effects’ of treatments that patients were told were ‘lifesaving.’ 

‘I witnessed firsthand how doctors emotionally blackmailed parents by telling them that if they did not affirm their child’s false identity, their child would harm themselves. In particular, I was saddened to see young girls suffering from profound mental health struggles like depression and anxiety, many of whom had also suffered sexual abuse or trauma, persuaded by doctors at Texas Children’s that a hormone would resolve their gender confusion,’ Sivadge told lawmakers.

Dr. Eithan Haim, who was accused of violating HIPAA while in surgical training at Baylor College of Medicine, which is affiliated with TCH, also blew the whistle on the hospital for ‘lying about the existence of its transgender program.’ The Biden DOJ brought charges against Haim for the alleged HIPAA violations, but the case was ultimately dropped under the Trump administration.

Haim claimed the hospital was engaging in fraudulent billing practices to hide the fact that it was carrying out transgender procedures on minors even though it was against Texas law. This included recording mastectomies as ‘breast reduction’ surgeries and billing testosterone prescribed to a teen girl under a male diagnosis.

In her testimony, Sivadge said that federal agents came to her home when investigating the whistleblower, now known to be Haim, because of her objections to transgender medicine. She described the interaction as intimidating and said that one of the special agents ‘effectively asked me to compromise my Christian beliefs and made veiled threats regarding my career and safety if I didn’t comply with their demands.’

Sivadge’s attorney filed a complaint with the U.S. Equal Employment Opportunity Commission (EEOC) on April 11, alleging that she ‘observed TCH doctors, after very little deliberation or critical analysis, embarking children on dangerous and often irreversible courses of ‘gender-affirming’ treatment.’

According to the complaint, TCH ‘temporarily’ paused ‘gender-affirming services’ for minors after Texas Attorney General Ken Paxton said in February 2022 that such treatments could constitute child abuse. The treatments were banned in the state following the passage of a bill in May 2023, which went into effect in September 2023. According to Sivadge’s attorney, she asked to be transferred back to cardiology in May 2024, citing her religious beliefs. 

Sivadge publicly blew the whistle on TCH on June 18, 2024, and was asked not to report to work the next day, according to the complaint. Just days later, on June 21, she was placed on administrative leave and was officially terminated in August 2024. TCH alleged that the termination of her employment was due to improper access to medical records.

On Jan. 28, 2025, President Donald Trump signed the ‘Protecting Children from Chemical and Surgical Mutilation’ order, which prevents minors from undergoing transgender treatments. In accordance with this order, HHS has issued guidelines for prospective whistleblowers.

Fox News has reached out to TCH and HHS for comment.

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There’s no denying that President Donald Trump is moving at warp speed during his second tour of duty in the White House.

‘We have accomplished more in 43 days than most administrations accomplished in four years or eight years, and we are just getting started,’ the president said during his prime-time address to Congress and the nation last month.

And a few days later, the White House team touted, ’50 WINS IN 50 DAYS: President Trump Delivers for Americans.’

Trump has aggressively asserted executive authority in his second term, overturning long-standing government policy and making major cuts to the federal workforce through an avalanche of sweeping and controversial executive orders and actions – many aimed at addressing grievances he has held since his first term.

But the most recent national public opinion polls suggest that Americans aren’t thrilled with the job the president is doing.

The latest Gallup poll, conducted April 1-14 and released on Thursday, indicates that Trump is underwater, with a 44% approval rating and 53% disapproval rating.

Most, but not all, of the most recent national public opinion surveys indicate Trump’s approval ratings in negative territory, which is a slide from the president’s poll position when he started his second tour of duty in the White House.

Contributing to the slide are increasing concerns over the economy and inflation, which was a pressing issue that kept former President Joe Biden’s approval ratings well below water for most of his presidency. And Trump’s blockbuster tariff announcement two weeks ago, which sparked a trade war with some of the nation’s top trading partners, triggered a massive sell-off in the financial markets and increased concerns about a recession.

The Gallup poll is the latest to spotlight the massive partisan divide over the polarizing president.

Nine out of 10 Republicans questioned by Gallup gave Trump a thumbs up, but only 4% of Democrats said they approved of the president’s performance. Among Independents, only 37% approved of the job Trump’s doing steering the nation.

With the president reaching three months into his second term this weekend – he was inaugurated on Jan. 20 – Gallup is comparing his approval ratings with his presidential predecessors.

According to Gallup’s figures, Trump’s average approval rating during the first quarter of his first year back in office is 45%.

While that’s an improvement from his 41% average approval rating during the first three months of his first administration, in 2017, it’s far below previous presidents.

‘John F. Kennedy and Dwight Eisenhower had the highest first-quarter average ratings, with both registering above 70%, while Jimmy Carter, Barack Obama and Ronald Reagan averaged between 60% and 69%. George W. Bush, George H.W. Bush, Joe Biden and Bill Clinton had similar average ratings of 55% to 58% in their first quarters,’ Gallup noted in its release. 

Gallup highlighted that ‘Trump is the only president to have sub-50% average approval ratings during a first quarter in office.’

But enjoying promising approval ratings out of the gate doesn’t guarantee a positive and productive presidency.

Carter’s poll numbers sank into negative territory less than two years into his presidency, and he was resoundingly defeated in his bid for re-election in 1980.

Biden’s approval rating hovered in the low-to-mid-50s during the first six months of his single term as president, with his disapproval in the upper 30s to the low- to-mid-40s. 

However, Biden’s numbers sank into negative territory in the late summer and autumn of 2021, in the wake of his much-criticized handling of the turbulent U.S. exit from Afghanistan, and amid soaring inflation and a surge of migrants crossing into the U.S. along the nation’s southern border with Mexico.

Biden’s approval ratings stayed underwater throughout the rest of his presidency, and he dropped his bid for re-election last summer.

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Code Pink, the liberal antiwar group known best for disrupting hearings in their trademark fuchsia garb, may need to register under a 1938 law requiring disclosure of political behavior benefiting foreign entities or governments, according to a top Senate Republican.

Senate Judiciary Committee Chairman Charles Grassley, R-Iowa, wrote a letter Wednesday to FBI Director Kash Patel and Attorney General Pam Bondi openly considering whether Code Pink, as well as the New York-based socialist ‘incubator’ The People’s Forum, must register under the Foreign Agents Registration Act (FARA).

‘The Department of Justice has a duty to ensure compliance with the [FARA, which] remains a priority tool to combat adversarial foreign governments from influencing public policy and opinion in the United States,’ Grassley wrote.

‘FARA provides the American people with much-needed accountability and transparency. FARA is a content-neutral law and does not require any entity or individual to refrain from certain types of speech or activities. It simply requires individuals to register with the DOJ if they are acting as an agent of a foreign government or enterprise attempting to influence U.S. public policy.’

Focusing particularly on China, Grassley said the CCP spent more than $400 million since 2016 to influence American politics, and that both Code Pink and The People’s Forum have ties to a wealthy Shanghai-based U.S. citizen-activist, Neville Roy Singham, and the CCP itself.

‘Mr. Singham has denied working with the Chinese government; however, in July 2023, Mr. Singham reportedly attended a Communist Party workshop about ‘promoting the party internationally,” Grassley wrote.

‘Reportedly, Mr. Singham shares office and staff with the Shanghai Maku Cultural Communication Company, whose goal is to ‘educate foreigners about ‘the miracles that China has created on the world stage.’ Further, it is reported that Mr. Singham’s news outlet is co-producing a show on YouTube that is partially financed by Shanghai’s propaganda department,’ he added, footnoting a New York Times report from 2023.

Code Pink was co-founded by Jodie Evans – Singham’s wife – and according to Grassley, it received hefty donations from groups tied to Singham.

Grassley, appearing to cite the Times, catalogued Evans’ reported criticism of the Uyghurs as terrorists, though they are considered by the U.S. government to be victims of human rights abuses at the hands of the Chinese government. He wrote that when Evans married Singham and ‘became a recipient of funds tied to him,’ she and Code Pink became ‘stridently’ pro-China.

The letter also cited a meeting between Code Pink and the House Select Committee on China, in which he said they ‘denied evidence of forced labor in Xinjiang, a public policy position that benefits China’s interests’ and separately urged the Foreign Relations Committee to vote ‘nay’ on funding a $1.6 billion anti-Chinese-propaganda campaign.

As for The People’s Forum, which operates a café and meeting space in Manhattan, Grassley cited a Free Press report finding Singham the ‘main funder’ of the group, which organized anti-Israel protests in Times Square after the Oct. 7, 2023, Hamas terror attacks.

Grassley cited a tweet in which The People’s Forum responded to claims that it receives ‘dark money,’ and it goes on to say how it met ‘Roy Singham, a Marxist comrade who sold his company and donated most of his wealth to non-profits that focus on political education, culture & internationalism.’

Rep. Bruce Westerman, R-Ark., previously wrote to The People’s Forum demanding answers for alleged ties to the July 24 pro-Palestinian mass-vandalism protest at Washington-Union Station, and the broader ‘Shut-It-Down-4-Palestine movement’ nationwide.

In a statement, Grassley said, ‘Evidence suggests that The People’s Forum and Code Pink have been funded and influenced by Mr. Singham and the Communist Chinese government, both of which are foreign principals.’

‘The evidence also suggests that The People’s Forum and Code Pink have engaged in covered political activities that directly advance the Communist Chinese government’s political and policy interests.’

‘Secretive foreign lobbying and public relations campaigns by China and other adversaries undermines the political will and interests of the American people,’ he added, calling on Bondi and Patel to review any interactions between the groups and DOJ, and what the feds have done to assess their FARA eligibility.

Fox News Digital reached out to Code Pink and The People’s Forum, as well as two emails listed for Singham, but did not hear back.

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The Trump administration rolled out a revamped COVID.gov website Friday showing the ‘true origins’ of the coronavirus, while admonishing Democrats and the media for discrediting the theory the virus leaked from a lab and alternative health treatments, and for imposing strict mandates. 

‘This administration prioritizes transparency over all else,’ a senior administration official told Fox News Digital Friday. ‘The American people deserve to know the truth about the Covid pandemic and we will always find ways to reach communities with that message.’ 

The website, which previously had focused on promoting the coronavirus vaccine to Americans, now walks readers through evidence supporting the lab leak theory, how former National Institute of Allergy and Infectious Diseases Director Anthony Fauci promoted the idea that COVID-19 originated naturally, former President Joe Biden pardoning Fauci for ‘any offenses against’ the U.S. he may have committed, and providing details on the origin of the ‘social distancing’ rules and mask mandates. 

”The Proximal Origin of SARS-CoV-2′ publication — which was used repeatedly by public health officials and the media to discredit the lab leak theory — was promoted by Dr. Fauci to push the preferred narrative that COVID-19 originated naturally,’ the site states, before launching into five bullet points on the origins of the virus. 

The new site outlines that a biological characteristic found in the virus was not found in nature, bolstering the lab leak theory, while noting that Wuhan, China, where the first coronavirus case was found, is also home to China’s ‘foremost SARs research lab’ and that ‘if there was evidence of a natural origin it would have already surfaced. But it hasn’t.’

The Trump administration’s CIA reported earlier in 2025 that a lab leak was the likely origin of the COVID-19 virus, which had been passed off by media outlets and scientists as a likely conspiracy theory during the early days of the pandemic. The Department of Energy under the Biden administration and former FBI Director Christopher Wray in 2023 also said evidence indicated the coronarius was the result of a lab leak. 

The website also walks readers through the origins of COVID-era rules, such as mask mandates and social distancing. 

‘The ‘6 feet apart’ social distancing recommendation — which shut down schools and small business across the country — was arbitrary and not based on science,’ it states. ‘During closed door testimony, Dr. Fauci testified that guidance ‘sort of just appeared.’ 

The website says of mask mandates: ‘There was no conclusive evidence that masks effectively protected Americans from COVID-19. Public health officials flip-flopped on the efficacy of masks without providing Americans scientific data — causing a massive uptick in public distrust.’ 

The website notes that content on the page was sourced directly from the House Oversight Committee’s Select Subcommittee on the Coronavirus Pandemic. 

‘Public health officials often mislead the American people through conflicting messaging, knee-jerk reactions, and a lack of transparency,’ the website states under a portion called ‘COVID-19 misinformation.’ ‘Most egregiously, the federal government demonized alternative treatments and disfavored narratives, such as the lab leak theory, in a shameful effort to coerce and control the American people’s health decisions.’ 

Many media outlets dismissed Trump in 2020 when he said he had seen evidence that the virus originated in a Wuhan, China, lab, before U.S. intelligence officials such as Wray and the Department of Energy reported that the virus likely originated there. 

Many outlets have since published articles showing the theory is credible, including the New York Times running a March column claiming the scientific community ‘badly misled’ the public in an effort to suppress theory, even after the paper’s own science writer called the theory ‘racist.’ 

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Finlay Minerals Ltd.( TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) announces that the Company has entered into two definitive earn-in agreements (the ‘Earn-In Agreements’) with Freeport-McMoRan Mineral Properties Canada Inc. (‘Freeport’), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the ‘Properties’) in the Toodoggone District of northern British Columbia.

Highlights

  • Freeport may earn 80% of the PIL and ATTY Projects by expending $35 million in Exploration Expenditures and making Cash Payments of $4.1 million – (Refer to Table 1 below for further details);
  • Finlay will act as the Operator during the Earn-In period; and
  • Exploration Program planning is underway and will be announced shortly.

The earn-in in respect of each of the Properties may be exercised separately. Following the completion of the earn-in on either of the Properties, Freeport and Finlay will respectively hold interests of 80% and 20% in such Property, and a joint venture will be formed for further exploration and development. In the event that a party does not fund their portion of further joint venture programs, their interests in the joint venture will dilute. Any party that dilutes to below a 10% interest in the joint venture will exchange its joint venture interest for a net smelter returns (‘NSR‘) royalty of 1% on the applicable Property, which is subject to a 0.5% buyback for USD $2,000,000.

The earn-in requirements can be accelerated by Freeport at its discretion. During the earn-in period, Finlay will be the Operator on the Properties, collecting an operator’s fee, under the direction of a technical committee that will approve work programs and budgets during the earn-in period.

The PIL & ATTY Properties are each subject to a 3.0% NSR royalty held by Electrum Resource Corporation (‘Electrum’), a private company, the outstanding voting shares of which are held by Company directors: John A. Barakso and Ilona B. Lindsay. The Company has a current right to buy back ½ of the royalty (1.5%) on each property for an aggregate payment of $2,000,000 and $1,500,000 respectively. Finlay and Electrum have agreed that upon the exercise of the earn-in in respect of each Property by Freeport, the buy-back right will be amended to provide for a 2.0% buyback for each Property, in consideration for an increased buy-back payment to be sole-funded by Freeport without joint venture dilution to Finlay, and will be divided equally between Finlay and Electrum.

Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.

The Earn-In Agreements were executed and delivered on April 17, 2025 and are subject to approval of the TSX Venture Exchange. Finlay and Freeport are arms-length parties and no finders’ fees were incurred with these transactions.

About the PIL Property:

The 100% owned PIL Property covers 13,374 hectares of highly prospective ground in the prolific Toodoggone mining district of north-central British Columbia. The core PIL claims were staked over 30 years ago by the founders of the Company. Over the decades, numerous Cu-Au-Mo porphyry and porphyry-related Au-Ag epithermal targets have been identified at PIL. The identified targets are central to a broader 70 km porphyry corridor trend, which includes: Centerra Gold’s past producing Kemess South Cu-Au porphyry mine and Kemess Underground Cu-Au-Ag porphyry resource, Thesis Gold’s Lawyers-Ranch Au-Ag epithermal resource, and the newly discovered Amarc Resources and Freeport AuRORA Cu-Au-Ag porphyry. Readers are cautioned that mineralization on the foregoing regional properties is not necessarily indicative of mineralization on the PIL Property. The PIL Property is road accessible and permitted for the 2025 season. (Refer to Figure 2 Map.)

About the ATTY Property:

The 100% owned ATTY Property covers 3,875 hectares in the prolific Toodoggone mining district of north-central British Columbia. The ATTY Property adjoins Centerra Gold’s Kemess Project and Amarc Resources and Freeport’s JOY property. Several epithermal-style Ag ± Au ± Cu ± base-metal veins are exposed on the ATTY Property, and geochemical and geophysical work have outlined at least two promising porphyry targets, including the drill-ready KEM Target. The ATTY Property is road accessible and permitted for the 2025 season.

Qualified Person:

Wade Barnes, P. Geo. and Vice President, Exploration for Finlay and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with four 100% owned properties in northern British Columbia: the PIL and ATTY properties in the Toodoggone, the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag Property (15,246 ha).

Finlay Minerals is advancing the PIL, ATTY, SAY and Silver Hope Properties that host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com

On behalf of the Board of Directors,
Robert F. Brown
President, CEO & Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Properties and the potential exercise of Freeport’s option to acquire an interest in the Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

Source

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The gold price reached yet another record high on Wednesday (April 16), breaking US$3,300 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In trading on Wednesday it surged past the US$3,200 mark, climbing as high as US$3,354.10 per ounce. The price retreated below the US$3,300 mark on Thursday (April 17).

The rise comes after statements from US Federal Reserve Chairman Jerome Powell made at the Economic Club of Chicago on Wednesday. In his remarks, he said that he expects US President Donald Trump’s tariff policy to negatively impact US economic growth and further fuel inflation.

In addition to gold climbing to record highs, the US dollar sank to its lowest point in three years with the DXY dollar index falling to 99.3 points on Thursday.

Gold price chart, April 10, 2025, to April 17, 2025.

Gold prices have soared in recent weeks amidst the chaos caused by Donald Trump’s tariff announcements on April 2.

Those measures included a 10 percent tariff on all but a handful of countries, including Canada and Mexico, with more severe reciprocal tariffs to come into effect this week. However, on April 9, Trump announced he would pause the additional tariffs for 90 days, saying more than 70 countries had contacted him to make deals.

Trump may have also been feeling pressure from economic advisors as a surge in treasury yields signaled a potential economic crisis brewing in the US bond market. Normally a safe haven during market volatility, the bond market saw a significant selloff this week as US tariffs and worries about the US economy’s stability spooked traders.

Although the pause gave most countries some breathing room, tariffs against China were left on the table. After much back and forth, US tariffs levied against China have now increased to 145 percent.

The net effect of Trump’s actions has been political and financial turmoil, sparking selloffs in major stock markets and pushing prices for safe-haven assets like gold to fresh records.

Additionally, China, Japan and South Korea agreed on March 30 to seek deeper free trade ties in response to the threat of tariffs from the US government. The deal marks a significant move by the three countries following decades of US diplomacy to maintain close relationships with Japan and South Korea.

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

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Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) (‘Westport’ or the ‘Company’) announces that the Company will release Q1 2025 financial results on Tuesday, May 13, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, May 14, 2025.

Time: 10:00 a.m. ET (7:00 a.m. PT)
Call Link: https://register-conf.media-server.com/register/BI73bcac200e5f4652873668cf803d72ed
Webcast: https://investors.wfsinc.com

Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details.

The webcast will be archived on Westport’s website and a replay will be available at https://investors.wfsinc.com .

Annual General and Special Meeting

Westport will host its 2025 Annual General and Special Meeting (the ‘Meeting’) virtually on May 15, 2025 at 10:00 a.m. PT (1:00 p.m. ET).

To streamline the virtual meeting process, Westport encourages shareholders to vote in advance of the Meeting using the voting instruction form or the form of proxy which has been shared with shareholders with the Meeting materials. Further instructions on voting and accessing the meeting are contained in the Management Information Circular under ‘Section 1: Voting’ – upon receipt, please review these materials carefully.

Registered Shareholders and duly appointed proxyholders can attend the meeting online at https://meetnow.global/MD2JR55 to participate, vote, or submit questions during the meeting’s live webcast.

About Westport Fuel Systems

At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

Investor Inquiries:
Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com

News Provided by GlobeNewswire via QuoteMedia

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On April 17 (Thursday), Judge Leonie Brinkema of the US District Court for the Eastern District of Virginia ruled against Google (NASDAQ:GOOGL) in the antitrust case concerning its advertising technology business, casting a shroud of uncertainty over the future of the tech giant’s online advertising business.

Brinkema will now need to determine what remedies to impose on Google to restore fair market competition. The plaintiffs sought to force Google to divest its Ad Manager, which includes the company’s publisher ad server and its ad exchange, to restore competition in the market. This outcome is far more likely following Judge Brinkema’s ruling.

This is a developing story happening alongside a similar case against Meta Platforms (NASDAQ:META), which is being sued by the Federal Trade Commission (FTC) for allegedly monopolizing social media through its acquisition of Instagram in 2012 and WhatsApp in 2014.

This trial against Google began in September 2024, and the plaintiffs in the lawsuit comprise the Department of Justice (DOJ) and attorneys general from eight states.

The plaintiffs argued that Google’s dominance in ad tech allowed it to charge higher prices and take a larger share of ad sales. They accused Google of stifling competition by controlling the technology used to place ads on websites across the internet.

The ruling against Google marks a significant step in one of numerous anti-competitive cases brought against Google in the past few years, both in the US and internationally.

It follows an earlier ruling in August 2024 in which Google was found to have an illegal monopoly in the online search market in the US. That case will move into the remedies phase next week, with a court date of April 21, 2025.

“This is a game-changer,” wrote Connecticut Attorney General William Tong, one of the plaintiffs in both cases. “As Judge Brinkema writes in her decision, Google was in direct violation of the Sherman Act by dictating how digital ads are sold and the terms under which its rivals can compete.

‘With this victory in hand, we can hopefully work now towards restoring a fair, free, and competitive digital advertising marketplace. This decision is the first step in opening up competition so that Connecticut businesses and consumers will pay less for advertising – and therefore less for goods and services. We will no longer be under the thumb of a gigantic multinational conglomerate.”

US District Judge Amit Mehta, who ruled against Google in the August 2024 case, has considered imposing structural remedies that could involve forcing Google to divest its Chrome business, although Google has argued divestiture would hurt consumers. Instead, the company has suggested allowing browser companies to have multiple default agreements with various search engines.

Regulators have been digging into various aspects of Google’s business, including its advertising technology, search practices and mobile operating system.

In addition to the current case, Google is also facing scrutiny from antitrust regulators in Europe, the UK and other jurisdictions. The outcomes of these cases could have far-reaching implications for Google’s business model and the tech industry as a whole.

Today’s ruling signifies a major development in the ongoing scrutiny of Big Tech’s market dominance, which echoes efforts to dismantle AT&T’s (NYSE:T) phone monopoly in the 1980s. The eventual outcome of that case led to AT&T’s breakup into seven independent enterprises, which laid the groundwork for some of today’s major telecommunications and internet services providers, including Verizon (NYSE:VZ) and Lumen Technologies (NYSE:LUMN). It also gave cable companies like Comcast room to expand into internet services.

Whatever outcome Judge Brinkema decides, the ruling could reshape the online advertising landscape and have far-reaching implications for both the company and the broader tech industry.

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

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As gold and silver continue to prove their worth as sound investments, market participants should know how precious metals investments are taxed in the US.

While the majority of gold and silver investing comes with a certain degree of taxation, there are different levels of tax based on how market participants decide to invest in these precious metals, how long the investments are held for and the investors individual tax bracket.

Read on for a breakdown of the taxes associated with investing in gold and silver bullion, ETFs and stocks, as well as the forms involved with reporting precious metals investments.

In this article

    How are physical gold and silver taxed?

    Gold and silver bullion, coins and bars are seen as collectibles by the Internal Revenue Service (IRS) in the US. Thus, physical gold and silver, no matter the form, are subject to a higher rate of capital gains tax when they are sold. The same is true for fellow precious metals platinum and palladium.

    While long-term capital gains would typically carry a top bracket of 20 percent, collectibles can be taxed at a higher 28 percent.

    The total an investor will owe in capital gains tax when selling physical gold and silver is based both on their income bracket and the length of time they held the asset.

    The long-term capital gains tax on physical gold and silver is equal to an investor’s marginal tax rate, up to a maximum of 28 percent due to their status as a collectible, meaning those in higher tax brackets still only have to pay 28 percent on long-term gains from physical precious metals sales.

    It is worth noting that the 28 percent maximum is only for long-term capital gains, which applies to metals that an investor has held for more than one year. Short-term capital gains on precious metals held for less than one year are taxed at ordinary income rates.

    For example, a person in the highest tax bracket purchased 100 ounces of physical gold at US$1,800 per ounce and two years later sold their holdings for US$2,000 per ounce. While they are in the 37 percent tax bracket, they would pay 28 percent tax on the capital gains made from these sales. As they earned US$20,000 in capital gains, that would translate to US$5,600 in income tax.

    However, if the investor sold the gold at the same gain just 11 months after they purchased it, it would count as short-term capital gains, and the investor would be taxed at 37 percent and owe US$7,400.

    Investors who are in one of the tax brackets below 28 percent are taxed at the standard rate of their bracket when selling their solid gold and silver assets, whether they are held short- or long-term.

    Similarly to other investments, precious metals sold at a loss can be used to offset capital gains.

    How are gold and silver ETFs taxed?

    Like all other exchange-traded funds (ETFs), gold ETFs and silver ETFs act in the same manner as individual stocks, meaning that investing in these ETFs is similar to trading a stock on an exchange. There are two main types of gold and silver ETFs: those that track the prices of those metals and those that track gold or silver stocks.

    ETFs that follow metals prices provide exposure to either physical gold or silver, or gold or silver futures contracts. It is important to keep in mind that investing in these ETF platforms does not allow investors to own any physical gold or silver — in general, even an investment in an ETF that tracks physical gold or silver cannot be redeemed for the tangible metal.

    ETFs that invest in gold or silver companies provide exposure to gold- and silver-mining stocks, as well as gold- or silver-streaming stocks.

    In terms of taxation, capital gain taxes from selling gold and silver ETFs is determined by the ETF’s holdings, the investors tax bracket and how long they held the asset for.

    Funds will often supply investors with tax forms that they can use to fill out their income tax. The webpage for a fund should have a document describing how income tax is handled for that fund, which is worth reading before investing in it.

    Long-term capital gains from selling shares of gold and silver ETFs are subject to a 28 percent maximum federal income tax rate if they hold physical precious metals and 20 percent if they hold stocks. While long-term capital gains would typically be capped at 20 percent maximum rate. This is because the holdings are considered collectibles, as described in the section above. Short-term gains made from selling gold or silver ETFs are subject to a maximum federal rate of 37 percent.

    Additionally, these gains could get slapped with a 3.8 percent net investment income tax for high net-worth investors, and a state income tax may also apply.

    Futures-based commodity ETFs can come with their own set of rules that you can learn about here. Briefly, they are often taxed in a 60/40 hybrid, with 60 percent treated as long-term gains and 40 percent treated as short-term gains. Additionally, this is calculated at the end of each tax year, whether a sale is made or not.

    ETFs that hold stocks are taxed in the same way as traditional securities, which you can read more about below.

    How are gold and silver stocks taxed?

    In terms of tax on gold and silver stocks, long-term gains from selling are subject to the standard 20 percent maximum federal rate, while short-term gains will face a maximum federal rate of 37 percent. For investors in higher income brackets, there is the potential for gold and silver stock investments to also be hit with the 3.8 percent net investment income tax as well as state income tax.

    Unlike physical precious metals and ETFs that hold them, precious metals stocks are not classified as collectibles, which is why the long-term capital gains tax is capped at 20 percent instead of 28 percent.

    Stocks sold at a loss are important as well as they can be used to offset capital gains when filing income tax.

    How to report taxes on physical gold and silver investments

    Market participants who sell precious metals in the US for a profit are required to report that profit on their income tax return, regardless of whether or not the dealer has any reporting obligation.

    When selling gold and silver investments in the US, there are two different sets of reporting guidelines — one applies to the dealer through which a person sells and the other applies to the investor who is selling the asset.

    It is important to note that taxes on the sale of gold and silver will not be due the moment that the sale is made, and the tax bill for all of these sales is due at the same time as a standard income tax bill.

    For investors selling precious metals, capital gains or losses need to be reported on Schedule D of Form 1040 when making a tax return.

    Investors will first need to detail their precious metals transactions on Form 8949, including the length of time the investments were held. This form must be filed alongside Schedule D. Investors then use this information alongside the 28% Rate Gain Worksheet included in the Schedule D instructions.

    Depending on the type of metal being sold, Form 1099-B may have to be submitted to the IRS by the broker when the sale closes, as such transactions are considered income. As for when a broker will need to file Form 1099-B, there are specific rules that determine which sales of precious metals require the dealer to file this form that apply to transactions over a 24 hours period.

    For gold sales, reportable items include specific gold coins, including the 1 ounce Canadian Gold Maple Leaf and Gold Kruggerand, and gold bars and rounds of at least 0.995 fineness. As for quantity, only sales of more than 25 gold coins and or more than 1 kilogram in gold bars and rounds will require the form.

    Sales of 0.999 fine silver bars and rounds totaling over 1,000 ounces qualify. For silver coins, US coins with above 90 percent silver are reportable, but Silver American Eagle coins are not. Sales of silver coins exceeding US$1,000 will require a form.

    When it comes to selling gold and silver overseas, market participants must follow the laws as they apply to the sale of gold and silver investments in that particular country.

    The information in this article does not constitute tax advice, and investors should work with a tax professional or program to help them make sure everything is reported accurately.

    Securities Disclosure: I, Lauren Kelly, currently hold no direct investment interest in any company mentioned in this article.

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