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11:T52f,CHICAGO, June 10, 2025 (GLOBE NEWSWIRE) -- Environmental & Public Health International (EPHI), a leader in Flint Water Crisis–focused drinking water training led by the former EPA Flint Emergency Coordinator, announced today that its Lead Service Line Replacement Cost Calculator (LSLRCC) has been officially listed in MERLOT and the Civic Tech Field Guide—two of the nation's most respected directories for civic innovation and educational tools.The free browser-based tool helps utilities, municipalities, engineers, and public health professionals model and estimate the cost of lead service line replacement—a critical step in protecting public health and complying with federal regulations. Since its launch in April 2025, the calculator has been used to estimate over $3 billion in lead service line replacement costs, based on anonymized analytics data.These listings reflect growing national recognition of EPHI's broader impact—including its Flint Water Crisis: Drinking Water Training courses, which are also listed in MERLOT and the Civic Tech Field Guide—as trusted resources supporting public health and drinking water infrastructure transparency."Being listed in MERLOT and the Civic Tech Field Guide validates what we've known from the beginning—that this tool ...Full story available on Benzinga.com12:T19e2,TACO Tuesday Again By Michael Every of RabobankExpect much self-serving market chuckling about ‘TACO Tuesday’ again as Monday’s US-China trade talks in London extend into today and headlines are that the US may loosen its export controls on some goods if China releases its on rare earths.Is that really a TACO though? These were unilateral US moves against China taken after the recent Geneva agreement, so dropping them this only takes us back to where we were weeks ago, and presumably for the clear deliverable of getting rare earths flowing again as the US had expected.... until the US has them flowing from elsewhere, that is. A true TACO --Truly Appalling ‘Clever’ Option’-- would be the White House not doing the latter because economists tell them that “because markets” local rare earth processing is more expensive.As evidence of a distinct lack of poultry, which coincidentally came up in a conversation yesterday, in WW1, the British found they were reliant on Germany for optical glass needed for binoculars, while Germany was short of the rubber it had sourced from the British Empire. Both decided to swap these strategic goods with each other via Switzerland (though this is disputed by some).Interestingly, the Chinese press report of these talks state “The US...trade deficit in goods with China is not only the inevitable result of the structural problems of the US economy but also determined by the comparative advantages of the two countries." Who knew neo-mercantilist Chinese economists were the same Ricardian neoliberals as at western universities and institutions? Of course, they aren’t - but they know writing it wins over those who dine on TACOs.And chew on May’s Chinese trade data: exports to the US -34.5%; to the EU +12%; to Germany +21.5%; to France +24.1%; and to Netherlands +7.1%. This isn’t a US-China problem and those that taco that approach will deindustrialise.Meanwhile, it’s unclear how much chickening out there is in geopolitics. Ukrainian drones just hit another Russian military target, destroying two fighter jets, as Germany’s outgoing spy boss and NATO chief Rutte both warned Russia could launch an attack against it within five years. “Let’s not kid ourselves, we are all on the eastern flank. There is no east or west, there is just NATO,” Mr Rutte said, and the danger “will not disappear when the war in Ukraine ends.”Rutte specifically told the UK: “Spend more or learn to speak Russian.” To help Brits appalled at the idea of learning a foreign language, and those who believe it might be better than vast state spending when fiscal deficits and public debt are sky high: “Когда мне снизят центральную банковскую процентную ставку?” (‘When do I get my rate cut?’ – that’s all that matters, right?)Even Canada is moving its Coast Guard to national defence and PM Carney will announce defence spending will be NATO’s 2% of GDP target this fiscal year - just in time for it to rise to 5% at its upcoming summit.Of course, Europe is just one front. Iran will reportedly reject the proposed US nuclear deal and offer its own that allows it nuclear enrichment and demands the “forced” destruction of Israel’s nuclear arsenal, according to the New York Times. Israeli PM Netanyahu rushed from a court appearance to speak to Trump about it, where he was told the US sees Iran and Gaza as linked and wants deals “so there’s no destruction and death.” Expect more US-Iran talks this weekend. However, that’s as Iran's top security body says the intel it just obtained about Israel’s nuclear facilities mean it could launch counterattacks should Israel strike its.And if that isn’t enough, India is ready to strike ‘deep into Pakistan’ if provoked, New Delhi just warned.Meanwhile, President Trump sent 700 marines to LA on top of the National Guard to try to restore order following riots at the enforcement of the deportation of illegal immigrants, upping the political ante, as Governor Newsom sued to have this reversed. As the New York Times claims ‘The US is no longer a stable country’, recall this is the same US that has seen past presidential assassinations, with two attempts against Trump in 2024; this long list of riots; that past White Houses have sent in federal forces to restore order at the state level; and, for ‘doomers’, that the refusal of states to accede to federal authority was related to the US Civil War.This matters for markets, and not just because the US is already hardly looking the safe-haven it once did. Logically, if Trump’s LA action fails, a template may be set that while the US border is now closed, mass deportations de facto cannot happen, implying the current default for labor markets. However, if Trump succeeds, it suggests he may be able to press ahead like past presidents (Reagan removed 8 million people, and Clinton and George W. Bush 10 million each), with very different labor market implications. Moreover, success would boost Trump’s standing; and failure would both weaken it and imply a de facto one-way turnstile border with longer-term socio-economic implications and politically polarizing effects. Similar issues are of course being seen in many western democracies at the moment.On which note, French President Macron refused to rule out new legislative elections as soon as next month, though his last try at that backfired on him, seeing gains for the far right and left vs. his centrists.Very much in the 2025 spirit, a report also claims the Pentagon has been faking UFO sightings to keep people unaware of their own breakthroughs. I have a friend who would immediately respond: “That’s what they want you to think.” Yet at the same time, Axios says the ‘scariest reality’ is that the firms eagerly building AI don’t know how or why it works but are sitting back and watching it let rip. I would say that as new graduates already find entry-level jobs are being replaced by AI that potential mass unemployment ahead is a pretty scary thought too.Lastly, in markets, China is to deepen its use of a $1.5 trillion state housing fund to offer cheaper mortgages than its state-owned banks can. That’s certainly a new wrinkle on ‘what is GDP for?’ and does suggest some fine-tuning of the economy.You put all this together and it’s really hard to make a convincing case that we are seeing any real ‘chickening out’. Chicken Littles or headless chickens, possibly. Truly Appalling ‘Clever’ Options, certainly. Tyler DurdenTue, 06/10/2025 - 10:4513:T1dc1,Defense technology company Anduril is the No. 1 company on the 2025 CNBC Disruptor 50 list, taking the top spot from OpenAI, which falls to No. 2 after two consecutive years topping the annual startup rankings. It is the first time defense tech has topped the D50 list, and emblematic of a trend, with three additional defense-oriented startups joining Anduril as Disruptors this year. The generative AI boom continues to transform the list from top to bottom: Only 11 companies on this year’s list were Disruptors before the launch of ChatGPT.This year’s Disruptor 50 list, topped by Anduril in the No. 1 spot, and then OpenAI, showcases 50 companies that are challenging the status quo and using technology (most often, AI) to transform a range of industries.What’s particularly notable about this year’s list is how the sectors represented illustrate key trends not just in technology and VC, but also in politics and society. This is the first time in the 13 years of the Disruptor 50 list that it’s been topped by a defense tech company. The defense tech sector isn’t just represented by Anduril, with Flock Safety, Saronic Technologies, and ShieldAI also making the 2025 list.Their scope and scale demonstrate a rising trend. The four companies have a combined value of more than $45 billion and have raised almost $10 billion from investors. They have geographic diversity – all are headquartered outside Silicon Valley. And their focuses are varied. Flock Safety (No. 7 on this year’s list) makes security hardware and software. Saronic (No. 19) builds unmanned maritime vessels. Shield AI (No. 38) is an autonomous drone company.Beyond the companies focused on building physical methods of defense, there is also Abnormal AI (No. 25), a cybersecurity company playing a key role in protecting systems from attacks that prey on human behavioral weaknesses. Gecko Robotics (No. 30) deploys its robots to capture data about the integrity of critical assets, including aircraft carriers, naval ships, and missile silos. The sector’s growth is expected to accelerate thanks to a surge of funding. Last week, Anduril announced a new $2.5 billion round of funding at a valuation, $30.5 billion, double the valuation at its previous round of funding. Saronic and Shield AI have also closed major fundraising rounds in 2025, according to Pitchbook, $600 million in Saronic’s case.AI infrastructure company Scale AI (No. 28) secured a landmark deal last August with the Department of Defense’s Chief Digital and Artificial Intelligence Office to advance AI capabilities for the U.S. military. Scale AI also announced a new multi-million dollar deal with the DoD in March to help with “Thunderforge,” an initiative to develop AI agents for U.S. military planning and operations that also includes this year’s Anduril.The surge in funding comes as President Trump has proposed an increase in defense spending, with a focus on modernizing military capabilities and opening opportunities beyond the legacy defense sector. There is also an increasing focus on dual-use technologies: Anduril took over Microsoft’s augmented reality headset program that was in the works with the military, and then at the end of May announced a deal with Meta to create VR and AR devices for use by the Army.Along with the rise of military tech, the explosion in generative AI’s capabilities is driving the transformation of a range of sectors, from farming to law and robotics. Across the list, there are 17 enterprise tech companies, seven fintechs, four health-care companies, four in food/agriculture, and three each in transportation and biotech. These are the 2025 CNBC Disruptor 50 companiesHow we chose the 2025 CNBC Disruptor 50Anduril is No. 1 company on 2025 CNBC Disruptor 50 list as defense tech risesAI-focused investments and higher valuations are on full display up and down this year’s Disruptor 50 list. The 13th annual Disruptor 50 class is valued at $798 billion, far more than last year’s $436 billion total, due in large part to OpenAI’s $300 billion valuation. The total amount the companies have raised increased to $127 billion, up from $70 billion last year.It’s clear that the generative AI revolution has transformed the startup ecosystem as well as the list, with 20 newcomers this year. Only 11 companies on this year’s list were Disruptors before the launch of ChatGPT, and many in that group — including Anduril, Databricks, and Canva — have succeeded because of their embrace of gen AI.More than two-thirds of companies on this year’s D50 list — 38 companies — said that AI is “critical to their business,” up from 34 last year. And 21 of this year’s companies say generative AI is their essential technology, up from 13 last year.This reflects venture capital’s increasing focus on AI: about 58% of global VC dollars invested in the first quarter went into AI and machine learning startups, while in North America, 70% of deal value went into AI and machine learning startups. And the funding numbers continue to grow, with $73 billion raised in the first quarter, more than half of last year’s total, though that’s largely due to OpenAI’s $40 billion round, led by SoftBank.AI is being used in a range of diverse use cases by Disruptors, including law (Harvey), fighting crime (Flock Safety), and in the doctor’s office (Abridge and Rad AI). But the sector with the most companies on this year’s Disruptor 50 list is enterprise AI, with 17 companies (up from 14 last year). These range from Databricks, which helps companies mine their data, to Glean, which enables its customers to build custom AI apps and custom search tools, to collaborative workspace and note-taking tool Notion.Design platform Canva has increasingly invested in AI and made AI features the center of its toolkit. With partnerships with ChatGPT and Anthropic (No. 4 on this year’s list), and the acquisition of several AI-powered companies in the past year, CEO Melanie Perkins is expected to take her $32 billion company public in the next year. “We’ve continuously been investing in this space with magic recommendations, and so forth, over the years with generative AI,” said Perkins. “Being able to have that magic embedded as you’re writing your documents and your presentations, being able to have Canva AI ... it’s really been an extension of that initial promise that we’ve had to customers, to empower the world, to design, to continue to put the latest to greatest technology in their hands.” Perkins says Canva has a three-pronged approach to AI: integrating the best products that are available, deeply investing in the areas needed to bring the expertise to their customers, and having a platform where the newest AI products and other apps can come onto Canva and be accessed by the community.She is optimistic about the potential for AI to be a democratizing force for Canva’s 220 million customers around the world. “I think it’s critically important that as the world of humanity, we use AI to truly lift up every single person who lives here, to help everyone have their basic human needs being met,” she said. “And I think there is a huge opportunity for us to be dreaming bigger about what we want with technology accelerating. I think there is a huge opportunity to rethink what we’re doing with it and ensuring that it’s serving our needs.”Sign up for our weekly, original newsletter that goes beyond the annual Disruptor 50 list, offering a closer look at list-making companies and their innovative founders.14:T753,Plane With Up To 20 People On Board Crashes In Tennessee, Officials Say Authored by Jack Phillips via The Epoch Times (emphasis ours),A plane with as many as 20 people on board crashed in Tennessee on Sunday, leading to several people being airlifted to hospitals, the state highway patrol confirmed.A plane with as many as 20 people on board crashed in Coffee County, Tennessee, on Sunday, officials say. Tennessee Highway Patrol“Initial reports suggest 16–20 people were on board. Some have been airlifted to nearby hospitals,” the Tennessee Highway Patrol wrote in a post on social media platform X, adding that the plane went down in Coffee County, around 60 miles south of Nashville.In a post on Facebook, the highway patrol said that several people have been flown to hospitals. Others are being evaluated on-site, it added.“This remains an active and developing situation,” said the law enforcement agency. “Tullahoma first responders and Coffee County EMS are leading response efforts. Please avoid the area to allow emergency crews room to operate safely. They will share more updates as information becomes publicly available.”Based on the two social media posts, no fatalities have been reported as of Sunday afternoon.Video footage released by the highway patrol on social media show the aircraft appears to be a small plane, which was broken in half.The Epoch Times has contacted the City of Tullahoma, where the crash took place, for comment.A spokesperson told CNN there were no fatalities, saying that the incident occurred at the Tullahoma Regional Airport. Federal Aviation Authorities officials are en route to assist in the investigation, the spokesperson added.More details about the victims, the injuries, and information about what led up to the crash or how it occurred were not immediately available. Tyler DurdenMon, 06/09/2025 - 22:4015:T191d,As Temu and Shein suffer from tariffs in the U.S., the companies have been shifting focus to Europe, where their sales grew in May, according to consumer trend data from Consumer Edge. However, experts warn that the China-founded budget shopping platforms will meet familiar regulatory scrutiny in the region.Temu and Shein are pivoting to Europe as their business in the U.S. takes a major hit from unfavorable trade policies. But the China-founded budget e-commerce apps may not receive a warm reception in their new target markets. In recent weeks, complaints have been filed against Temu and Shein in the EU, accusing them of unsavory business tactics. That comes as the bloc prepares a new two-euro flat fee on previously customs-free small packages from online marketplaces like Temu and Shein. Experts say the new developments could be ominous signs for the platforms, as their business has already suffered from the May closure of a small package tariff exemption in the U.S., as well as new duties at 54%, or $100 for those sent through the postal service. “As regulatory and trade pressures intensify in the U.S., Temu and Shein are increasingly turning to Europe and the UK as critical growth markets,” Anand Kumar, associate director of research at Coresight Research, told CNBC. However, Kumar said that the companies have begun to face regulatory headwinds in Europe and the U.K. that echo the scrutiny they’ve encountered in the U.S. “The EU’s proposed €2 customs fee is more than a minor surcharge—it’s a strategic regulatory move aimed at curbing the unchecked growth of ultra-cheap cross-border e-commerce, and it could reshape how platforms like Shein and Temu operate in Europe over the next 2–3 years,” he added. Europe pivotTemu and Shein have boosted their ad spending in Europe, particularly in the U.K. and France, according to a report from Reuters, reflecting their shift away from the U.S.The growing importance of the EU and U.K. to the two companies has also been reflected in data from Consumer Edge Research, which traces consumer trends based on a sample of credit and debit card info. According to the data it sent to CNBC, Temu’s consumer spending in the U.S. fell about 36% in May from a year earlier, while Shein’s fell 13% over the same period. The company added that its data shows that some of Temu and Shein’s U.S. customers have shifted their spending toward legacy department stores and fast fashion retailers. Those trends coincide with data from market intelligence firm Sensor Tower showing that app usage of Temu and Shein in the U.S. is slowing significantly.However, the opposite trends for the platforms were observed in the U.K. and EU. In May, year-over-year consumer spending growth reached 63% in the EU and 38% in the U.K. Shein experienced growth of 19% in the EU and 42% in the U.K. over the same period. For Temu, Consumer Edge data showed that growth was especially pronounced in the key market of France, Europe’s second-largest economy. To capitalize on the momentum in Europe, Temu and Shein have been aggressively expanding their operations across the region, including ramping up warehouse capacity, experimenting with localized business models, as well as significantly increasing digital ad spending in key markets like the U.K., France and Germany, according to Coresight’s Kumar. “This expansion is not merely opportunistic—it signals a strategic shift in how these companies envision their next phase of growth,” he said. “That said, the European market is not without its challenges. The region enforces stricter regulations on product safety, consumer protection, and fair competition, all of which require Temu and Shein to invest more in compliance and operational transparency,” he added. Experts say that those challenges and the EU’s potential duties on small-value packages may be signs of more pressures to come for Temu and Shein. Scrutiny intensifiesAccording to French local media, the wording of an “anti-fast fashion” bill, which is under debate in the French National Assembly, was recently rewritten to single out ultra-cheap platforms like Shein and Temu. The bill, first approved by France’s lower house of parliament in March last year, seeks to penalize fast-fashion products for their environmental impact.Meanwhile, on Thursday, the pan-European consumer organization BEUC filed a complaint with the European Commission against Shein over its use of deceptive techniques, or “dark patterns” that cause overconsumption. That comes after the European Commission announced its own investigation into Shein’s compliance with EU consumer law in February and, in May, urged Shein to respect EU consumer protection laws. BEUC has also filed a complaint against Temu, while 17 of its members filed the same complaint with their competent national authorities, the group said. Xiaomeng Lu, director of geotechnology at Eurasia Group, told CNBC that the latest scrutiny Temu and Shein are experiencing in the EU is reminiscent of that in the U.S. “[Temu and Shein] offer cost effective solutions and an efficient supply network that fare well in the fast moving fashion world. However their labor practices and human rights standards may not fully align with high value markets like the EU and U.S.,” Lu said. That conflict and “rising protectionism” globally are the “key drivers of these regulatory reactions,” she added.In the U.S., officials had also taken issue with Temu over its alleged non-compliance with the Uyghur Forced Labor Prevention Act (UFLPA), which prohibits the import of goods made with forced labor from China’s Xinjiang region.According to Coresight’s Kumar, Europe, for its part, is progressing toward stricter oversight through the Corporate Sustainability Due Diligence Directive — which EU member states have until July 2026 to integrate into their national laws. The directive would compel companies operating in the EU to identify and mitigate human rights abuses in their supply chains, disclose environmental impact and sustainability metrics and face legal consequences for failing to take adequate preventive steps.That means Temu and Shein will face stringent compliance demands in the EU, Kumar said. However, the region still offers meaningful opportunities for expansion in an increasingly protectionist global trade environment, he added.16:T35d7,This is CNBC’s live blog covering European markets.Rolls-Royce up 2% after firm backed to build Britain’s first small modular nuclear reactorsRonny Hartmann | Afp | Getty ImagesA Rolls-Royce aircraft engine on view during the Hannover Messe industrial trade fair on March 31, 2025.Shares of British aerospace group Rolls-Royce were last seen trading 2% higher after the company received backing from the U.K. government to build the country’s first small modular nuclear reactors.The announcement follows a two-year selection process and reaffirms Britain’s embrace of nuclear power, particularly as it also pledged on Tuesday to invest £14.2 billion ($19.2 billion) to build the large Sizewell C power station in eastern England.Read more on the news here.— Sam MeredithApollo eyes $100 billion Germany investment as private capital swerves U.S. turmoil for EuropeMEGA, or “Make Europe Great Again,” was a hot topic at this year’s biggest private markets event last week.The about-turn in sentiment toward the continent was illustrated no better than when the boss of industry juggernaut Apollo said he saw the opportunity to put $100 billion “in the ground” in Germany over the next decade.“I think many investors in Europe see the opportunity, and many investors in U.S. see the opportunity right now in Europe. They see it across the private equity ecosystem. They also see it across the credit ecosystem,” Apollo Global Management President Jim Zelter said during a keynote interview.Read the full story here. — Jenni ReidUK regulator confirms launch of private company trading systemA new form of trading platform allowing private companies to sell shares in short-term trading windows has been given the final green light by U.K. regulators and is set to launch later this year.Known as PISCES — or the “Private Intermittent Securities and Capital Exchange System” — the system will allow “institutional investors, high-net-worth individuals, sophisticated investors and employees of participating companies” to trade in shares of a non-listed company for limited periods as short as a day, according to the Financial Conduct Authority.Toby Melville | ReutersA worker shelters from the rain as he passes the London Stock Exchange in the City of London.The new market is a response to many businesses choosing to stay private for longer periods, particularly in the U.K. where there are concerns about undervaluation and risk-aversion among investors. The government-backed system aims to provide more opportunities for investors to access growth companies and means for existing shareholders to exit or change their positions.Companies will have control of the floor and ceiling of their share prices and who is able to buy them, the FCA said, citing a demand for investors to “trade private company shares easily and efficiently in an organised marketplace.”— Jenni ReidUK government borrowing costs fall after labor market dataU.K. government bonds — known as gilts — have risen across the board after the Office for National Statistics released its latest data on the British labor market.While the unemployment rate was in line with expectations, average wage growth at 5.3% came in below the 5.5% expected by economists polled by Reuters. The data also showed a 7.9% decline in job openings in the three months to April, when compared to the previous three-month period.The yield on the benchmark 10-year gilt fell 7 basis points on Tuesday morning, with 5-year gilt yields shedding 6 basis points by 9:56 a.m. in London. Yields on the 2-year gilt were down by 7 basis points, while long-dated 30-year gilt yields moved 6 basis points lower.Bond yields and prices move in opposite directions, so as prices increase with higher demand, yields fall.— Chloe TaylorFund managers lobby Congress over Section 899 to avert foreign investors leaving the U.S.CNBC’s Ganesh Rao has been reporting this morning that American fund managers are lobbying Congress over a provision tucked inside President Donald Trump’s tax bill that they say could lead to foreign investors “quickly” pulling investments out of the U.S.The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives in May, aims to penalize foreign-owned firms operating in the U.S. and that are from countries with “unfair foreign taxes” under a provision known as Section 899. It is currently being considered by the Senate.The Investment Company Institute (ICI), which represents fund houses in the U.S., is lobbying Congress for an amendment.Read Ganesh’s story here.Renk extends losses, on track for sharpest decline in over a yearBloomberg | Bloomberg | Getty ImagesA Leopard 2 tank gear transmission in a production hall at the Renk AG plant in Augsburg, Germany, on Monday, May 8, 2023.German defense giant Renk extended the losses it notched at the open, last seen trading 9.3% lower — putting it on track for its steepest one-day decline since April 2024.The company’s shares have surged in value since the beginning of the year, gaining around 282%.Renk’s fall on Tuesday comes amid a broad sell-off of European defense stocks, as investors monitor U.S.-China trade talks that are expected to include details on rare earth mineral flows. The minerals are crucial to manufacturing of weaponry and other defense technologies.Other companies in the sector seeing steep losses on Tuesday include Saab, down 4.4%, Hensoldt, down 4%, and Rheinmetall, last seen trading 3.2% lower.— Chloe TaylorNovo Nordisk shares pop on reports of activist investor stakeShares of Novo Nordisk climbed 3.3% following reports that activist hedge fund Parvus Asset Management is building a stake in the Danish pharmaceutical giant in a bid to influence the appointment of its new CEO.The move was reported Monday by the Financial Times, citing sources with knowledge of the details.Obesity drug maker Novo Nordisk last month ousted its longstanding CEO Lars Fruergaard Jørgensen as increased competition has weighed heavily on U.S. sales of its blockbuster Wegovy drug.Neither Novo Nordisk nor London-based Parvus immediately responded to CNBC’s request for comment.— Karen GilchristDefense stocks fall ahead of more U.S.-China trade talksYan Dobronosov | Global Images Ukraine | Getty ImagesA Rheinmetall MAN Military Vehicle on Nov. 20, 2024, in Donetsk Oblast, Ukraine.European defense stocks are notching broad falls this morning, with the regional Stoxx Aerospace and Defense index extending losses to trade 0.8% lower.That puts the index on course for its third consecutive day of declines.Investors are monitoring U.S.-China trade talks, which are set to continue in London on Tuesday. At the center of the talks are critical minerals, on which China imposed export restrictions in April, in response to U.S. tariffs on Chinese exports.Rare earth minerals are critical for the production of weaponry and other defense technologies.German defense giant Rheinmetall was last seen trading 3.4% lower, while Germany’s Renk and Hensoldt were down 8% and 3.1%, respectively.— Chloe TaylorEuropean stocks see mixed openIt’s 10 minutes since the opening bell, and European shares are in mixed territory.The pan-European Stoxx 600 was last seen trading flat. London’s FTSE 100 was up 0.4%, while the German DAX index was down by 0.2%. France’s CAC 40 was last marginally higher.— Chloe TaylorSterling falls after UK labor market updateThe British pound is currently down 0.5% against the U.S. dollar, trading at around $1.35.Sterling has gained so 7.8% against the greenback so far this year.— Chloe TaylorCooling labor market could speed up Bank of England rate cuts, economists sayBloomberg | Bloomberg | Getty ImagesWorkers cross a junction near the Bank of England (BOE) in the City of London, UK, on Tuesday, April 8, 2025. Hiring appetite is weakening in Britain, according to Jack Kennedy, senior economist at Indeed.Reacting to the ONS’ data release, Kennedy pointed to government policies including a minimum wage hike, a raft of new worker protections, and the rising tax burden on employers, as dampening businesses’ willingness to take on staff.“The labour market [is] one characterised by widespread caution, with the dampening impact of April’s rise in employer costs reinforced by global headwinds and uncertainty over the Workers’ Rights Bill,” he said.“The sharper than expected falls in wage growth and payrolled employment suggest a more material pace of cooling may be starting to emerge, which could open the door to a faster pace of interest rate cuts from the Bank of England.”Ruth Gregory, deputy chief U.K. economist at Capital Economics, agreed.“With payrolls falling, the unemployment rate climbing and wage growth easing, today’s labour market release leaves us more confident in our view that the Bank of England will cut interest rates further than investors expect, to 3.50% next year,” she said.Markets are currently not pricing in such a steep reduction in the central bank’s key interest rate, according to LSEG data. According to the data, analysts are overwhelmingly expecting the Bank of England to hold rates steady at 4.25% at its next meeting later this month.“The jobs market is not collapsing,” Gregory stressed. “Indeed, there hasn’t been a big rise in the LFS redundancy rate or HR1 notifications (which firms are required to complete if the plan to lay off staff). But most indicators show labour demand is clearly weakening.”— Chloe TaylorBritish job openings continue steady decline, wage growth coolsThe ONS’s data also showed this morning that job vacancies in the U.K. fell to 736,000 between March and May — a decline of 63,000 openings, or 7.9%, from the previous three-month period.It marked the 35th consecutive decline in job openings. Meanwhile, average earnings (including bonuses) saw a year-on-year increase of 5.3% for the period between February and April. Since spiking to 6.1% in December, annual wage growth in the country has steadily cooled.— Chloe TaylorU.K. unemployment rate rises to 4.6%, in line with expectationsBloomberg | Bloomberg | Getty ImagesA staff wanted sign in the window of a restaurant in the Soho district of London, U.K., on Tuesday, Sept. 7, 2021.Britain’s unemployment rate rose slightly to 4.6% in the three months to April, in line with economist expectations, data from the country’s Office for National Statistics showed this morning.In the previous three-month window to March, U.K. unemployment stood at 4.5%.The U.K.’s economic inactivity rate — an estimate of those aged 16 to 64 who are out of work and either not seeking employment or unable to start work imminently — rose to 21.3% in the three months to April.— Chloe TaylorHere’s what to expect todayInvestors can expect a mix of economic data and earnings out of Europe today. The big release will be the unemployment rate from the U.K., along with figures on average earnings in the country. Economists polled by Reuters are expecting Britain’s unemployment rate to have hit 4.6% in April, up from 4.5% a month earlier.Data on Italian industrial production is also due later on Tuesday.On the earnings front, companies slated to update shareholders on their finances include British firms Paypoint, Assura and Tatton Asset Management.— Chloe TaylorHere are the opening callsShomos Uddin | Moment | Getty ImagesThe City of London is a blend of old and new, with St Paul’s Cathedral close to skyscrapers as well as Roman ruins.Good morning from London, welcome to CNBC’s live blog covering all the action in European financial markets as well as the latest regional and global business news, data and earnings.Futures data from IG suggests London’s FTSE will open 11 points higher at 8,838, Germany’s DAX up 62 points at 24,234, France’s CAC 40 up 23 points at 7,807 and Italy’s FTSE MIB 83 points higher at 40,545.Global markets have been buoyed by trade talks that are taking place between U.S. and Chinese officials in London this week, with hopes rising that both sides can avert large-scale punitive tariffs and a trade war.Global markets will be keeping an eye on the talks, which are set to continue Tuesday.The latest U.K. unemployment figures are also due, but there are no other significant earnings or data reports Tuesday.— Holly EllyattGlobal markets buoyed by China-U.S. talksGlobal markets climbed overnight amid hopes that the U.S. and China will find a way to resolve their trade dispute, with talks between trade officials set to continue in London on Tuesday.Asia-Pacific markets and U.S. stock futures rose Monday night as investors waited for more insights into trade discussions between the U.S. and China. Traders are looking for signs of a deal that doesn’t involve the world’s two largest economies slapping extravagant tariffs on each other.Denis Balibouse | ReutersA car with U.S. Treasury Secretary Scott Bessent leaves a residence where trade talks between Chinese and U.S. delegations take place in Geneva, Switzerland, May 10, 2025. REUTERS/Denis BalibousePresident Donald Trump‘s top trade officials met their Chinese counterparts in London on Monday, with Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer negotiating on behalf of the U.S.Trump has authorized Bessent’s team to potentially remove U.S. restrictions on the sales of chipmaking software, jet engine parts and ethane, The Wall Street Journal reported, citing sources familiar with the matter. Trump said Monday that the talks were going well and he was “only getting good reports,” according to Reuters.— Holly Ellyatt17:T78a,/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/VANCOUVER, BC, June 9, 2025 /CNW/ - Finlay Minerals Ltd. (TSXV:FYL) (OTCQB:FYMNF) ("Finlay" or the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Private Placement"), previously announced on May 26, 2025 and June 4, 2025, consisting in the issuance of: (i) 11,206,088 common shares of the Company issued on a flow-through basis under the Income Tax Act (Canada) (each, a "FT Share") at a price of $0.11 per FT Share, and (ii) 4,400,000 non-flow-through units of the Company (each, a "NFT Unit") at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of $1,672,670. Each NFT Unit was comprised of one non-flow-through common share of the Company (each, a "NFT Share") and one non-flow-through common share purchase warrant (a "Warrant"). Each Warrant is exercisable by the holder thereof to acquire one NFT Share at an exercise price of $0.20 per NFT Share until June 9, 2027, subject to acceleration as described in the Company's press release dated June 4, 2025.The Company intends to use the gross proceeds of the Private Placement for exploration of the Company's SAY, JJB and Silver Hope properties, and for general working capital purposes, as more particularly described in the amended and restated offering document in respect of the Private Placement filed on www.sedarplus.ca under the Company's profile. The Company will use the gross proceeds from the issuance of FT Shares to incur "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures", as such terms are defined in the Income Tax Act (Canada).The Private Placement was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated ...Full story available on Benzinga.com18:T543,Apple Inc.'s (NASDAQ:AAPL) bold new design in iOS 26, dubbed "Liquid Glass," is drawing sharp criticism online — and investor Ross Gerber thinks the backlash may be warranted.What Happened: Unveiled during Apple's WWDC 2025 keynote on Monday, Liquid Glass is a translucent, reactive interface meant to make the iPhone experience more fluid and immersive.It now extends across buttons, sliders, the lock screen, Control Center and more. Apple executive Alan Dye described it as combining "the optical qualities of glass with a fluidity only Apple can achieve."However, users aren't convinced.A user on X, @Greggertruck, shared a screenshot of the new Control Center and wrote, "Steve Jobs would have fired everyone." The post quickly gained traction, with investor Gerber chiming in with a Hundred Points emoji.See Also: Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: ‘Has Its Head In The Sand’💯 https://t.co/cnsH8MZbEN— Ross Gerber (@GerberKawasaki) June 9, 2025The user wanted Apple to make the design more opaque.Other users echoed the sentiment, calling the design "a smeary mess of colors and overlapping functionality." One said, "Looks like when you get someone to use Photoshop for the first time, every effect box is clicked."Some were more measured. "I'm gonna keep ...Full story available on Benzinga.com19:T9a5,Tether USDT Stablecoin Seen On Bolivian Store Price-Tags Authored by Adrian Zmudzinski via CoinTelegraph.com,Tether CEO Paolo Ardoino has shared photos of goods in a Bolivian airport shop priced in the company’s stablecoin, USDt, suggesting growing unofficial use of the cryptocurrency amid the country’s ailing economy.In a Saturday X post, Ardoino shared images of items being priced in USDt in Bolivia, including sunglasses and sweets. One photo showed a notice to customers that prices were set in USDT:“Our products are priced in USDT (Tether), a stable cryptocurrency with a reference price informed daily by the Central Bank of Bolivia, based on the rate from Binance (a cryptocurrency trading platform),” the notice read.The notice said customers could pay in either local fiat currency, Bolivianos, or US dollars. USDT was used to establish the dollar-Bolivianos exchange rate.Source: Paolo ArdoinoUSDt making waves in BoliviaThe notice and the items were photographed at Duty Fly, an airport shop offering duty-free items to its customers. Neither Duty Fly nor Tether responded to Cointelegraph’s request for comment.It’s unclear how widespread the use of USDT is as a pricing benchmark across Bolivia, but other reports suggest that the stablecoin is gaining considerable popularity in the country. In late October 2024, major local bank Banco Bisa began offering a custody service for USDT, stating that it would enable its clients to buy, sell and transfer the asset through the bank.Bolivia’s economy crumblesBolivia’s economy has been in steep decline. The country’s usable foreign reserves fell from $15 billion in 2014 to $1.98 billion in December 2024, equivalent to only 2.9 months of imports. Of that amount, less than $50 million was in cash, and the rest was in gold.Bolivia has a thriving black market for dollars, with the street rate reaching about 10 Bolivianos per dollar as of mid-2024. The current official exchange rate is approaching 7 Bolivianos per US dollar.USD/BOB exchange rate chart. Source: Google FinanceThe Bolivian government also spends about $56 million per week importing diesel and gasoline, yet it still faces nationwide shortages. The local Consumer Price Index inflation stood at 14.6% as of March 2025.One of the photos shared by Ardoino showed a pack of Oreos priced between 15 and 22 USDT, underscoring the rapid erosion of the local currency’s purchasing power. Tyler DurdenMon, 06/09/2025 - 10:451a:T9a4,London, UK, June 09, 2025 (GLOBE NEWSWIRE) -- Binaryx, a fractional real estate investing platform, is announcing its move to commercial scale following a successful pilot phase. With $4.4 million in processed investments, with a second-by-second payment of dividends to investors, and 25 tokenized properties launched, Binaryx is contributing to the broader shift toward real estate tokenization — a market projected to unlock $16 trillion in value by 2030.According to a recent statement by Boston Consulting Group, asset tokenization could unlock a $16 trillion market by 2030, with real estate expected to comprise a substantial share of that value. BlackRock CEO Larry Fink has publicly endorsed tokenization as "the next generation for markets," while Citi calls it "the future of assets" in its 2023 Money, Tokens and Games report.But why real estate? And why now?Real Estate: The Ideal On-Ramp to the Token EconomyWhile tokenization has been applied to everything from art and carbon credits to equities and treasuries, real estate stands out as uniquely suited for this transition. Why? Because it checks every box for blockchain-enhanced ownership: High intrinsic value Low liquidity Significant barriers to entry for retail investors Global demand and local regulation Recurring cash flows (rents) and long-term capital appreciation Tokenization offers a solution to many of real estate's pain points — reducing the capital required to participate, opening up cross-border investment flows, and enabling secondary market liquidity for traditionally illiquid assets.According to JPMorgan's 2025 statement on Blockchain's role in commercial real estate, "Many people avoid real estate because of the upfront capital required. Tokenization, or fractionalizing assets, could open real estate to a broader audience."Breaking Down the BarriersTraditional real estate investment has long been seen as the domain of high-net-worth individuals, family offices, and institutions. It's capital-intensive, illiquid, and fragmented by jurisdiction. Enter tokenization — the process of converting ownership of physical assets into digital tokens on the blockchain, which promises to make fractional ownership, cross-border investing, and instant liquidity not only possible but increasingly mainstream."Tokenization has the potential to revolutionize traditional asset management by offering greater efficiency, transparency, ...Full story available on Benzinga.com1b:T6ef,Washington DC Dominates The US Gun-Deaths League Gun violence remains one of the most pressing public health issues in the United States.But as Visual Capitalist;s Bruno Venditti shws in the following chart, according to data from USAFacts as of December 2023, gun-related deaths vary significantly across states, reflecting long-standing regional and demographic differences.Preliminary numbers show that between January and August 2024, an estimated 30,100 people died from gun-related injuries in the U.S., 5% fewer than during the same period in 2023.The rate of gun-related deaths in the U.S. has shifted over time. In the early 1990s, the rate fluctuated between 14.5 and 15.0 deaths per 100,000 people. From 2000 to 2014, however, that figure declined and remained below 10.5 deaths per 100,000.By 2023, the rate rose again to 13.7 per 100,000—still 8% lower than its peak in 1993.States With the Highest Gun Death RatesWashington, DC recorded the highest rate in the country in 2023, with 28.5 deaths per 100,000 residents, more than 60% above the next highest state.States With the Lowest Gun Death RatesAt the other end of the spectrum, several states reported significantly lower rates. Those include Hawaii, Utah, and Nebraska.Although they receive less public attention than gun-related homicides, suicides have consistently made up the majority of gun deaths in the United States. In 2023, suicides accounted for 58% of all gun-related fatalities, totaling 27,300 deaths, according to CDC data. By comparison, 38% were classified as murders (17,927 deaths).The U.S. has more guns than people, with nearly 400 million in civilian possession. In this map, we rank states by the highest percentage of gun ownership for adults. Tyler DurdenSun, 06/08/2025 - 22:451c:T49d,Leading cryptocurrencies were little changed Sunday ahead of the trade negotiations between officials of U.S. and China in London.CryptocurrencyGains +/-Price (Recorded at 9:15 p.m. ET)Bitcoin (CRYPTO: BTC)+0.14%$105,734.18Ethereum (CRYPTO: ETH) -0.44%$2,503.70Dogecoin (CRYPTO: DOGE) +0.29%$0.1882What Happened: Bitcoin spiked above $106,000 in the evening, only to correct to the $105,000 region overnight. Ethereum experienced a similar trajectory, bumping an intraday high of $2,547.47 before correcting later in the evening.Bitcoin enjoyed a 63.7% share of the market as of this writing, while Ethereum's dominance remained above 9%.About $107 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly equal amounts of longs and shorts wiped out. That said, nearly $350 million worth of bearish bets on Bitcoin risked liquidation if the apex cryptocurrency rallies to $108,000Bitcoin's Open Interest dipped by 0.50% in the last 24 hours. Interestingly, nearly 60% of Binance traders with open BTC positions were positioned short, anticipating further downsides.The "Greed" sentiment showed a reading of 62, ...Full story available on Benzinga.com1d:Tcdf,FTC Warns Of Rising Student Loan Scams, Says Fraudsters Took Millions From Borrowers Authored by Chase Smith via The Epoch Times (emphasis ours),The Federal Trade Commission (FTC) is warning borrowers to steer clear of student loan debt-relief scams, after shutting down a group of companies last month that allegedly charged millions in illegal fees and left customers worse off.Graduates attend a commencement ceremony at Harvard University in Cambridge, Mass., on May 29, 2025. Rick Friedman/AFP via Getty ImagesThe warning, issued June 6, comes as part of a broader push by the FTC to raise awareness about deceptive debt-relief schemes targeting Americans with student loans.In a recent enforcement action, the agency permanently banned California-based Panda Benefit Services and its affiliates from the debt-relief industry. The FTC said the companies posed as partners of the Department of Education and promised borrowers quick loan forgiveness in exchange for upfront payments.According to the FTC, the companies collected more than $16.7 million from consumers who were told their loans would be forgiven or significantly reduced. Instead, the scammers kept the money and never delivered on their promises.“It’s illegal for anyone to charge fees before they help you or to pretend they’re affiliated with the Department of Education,” the FTC said in the consumer alert.The Education Department does not work with private companies that demand payment in advance, and borrowers should be cautious of anyone claiming otherwise.The now-banned companies, including those doing business under names like Prosperity Benefit Services and Pacific Quest Services, were first sued in 2024. At the time, the FTC alleged the operators sent deceptive mailers marked “FINAL NOTICE” and “Time Sensitive,” and made false promises of full loan forgiveness.Borrowers were also misled into sharing personal financial details, including their Federal Student Aid ID, which scammers could use to access accounts or steal identities.The case was one of the FTC’s first under a new federal rule that strengthens its ability to penalize those impersonating government agencies. Several judgments in the case ordered the defendants to surrender assets and banned them from telemarketing and making misrepresentations about financial services.The FTC emphasized that no private company can do anything for borrowers that they can’t do themselves for free at StudentAid.gov. This includes applying for income-driven repayment plans, consolidating loans, or exploring forgiveness options—none of which require payment to third-party services.Federal law also prohibits companies from pretending to be affiliated with the Department of Education. But scammers frequently misuse official-sounding names and seals to appear legitimate.Borrowers struggling to repay federal loans can explore free options, including deferment, forbearance, and income-driven repayment plans. In some cases, they may also qualify for forgiveness based on long-term payment history or employment in public service.The agency is urging the public to report suspected scams at ReportFraud.ftc.gov, contact their state attorney general, and find out more at ftc.gov/StudentLoans. Tyler DurdenSun, 06/08/2025 - 10:301e:Td32,These Are The U.S. States With The Most Drug Use Drug abuse has long been a serious issue in the United States, with the so-called “War on Drugs” dating back to 1971 under President Nixon.Despite decades of efforts to fight addiction, the problem remains widespread and deadly. More than 80,670 Americans died from drug overdoses in the 12 months ending November 2024. As new threats like fentanyl spread—enough was seized last year for 380 million lethal doses—it’s more urgent than ever for policymakers to act.But where is the crisis worst? A new report from WalletHub ranks all 50 states and the District of Columbia across key metrics like drug use, overdoses, and access to treatment.Chip Lupo, an analyst at WalletHub, explains: “Drug problems can start from multiple sources, like taking illegal substances with friends or getting hooked on a prescription that was originally given for a legitimate medical issue. As states fight drug addiction, they need to consider all angles and make sure they are not just addressing things from a law enforcement perspective but also providing the resources necessary to help people with addictions get clean.”WalletHub’s analysts compared states using 20 metrics organized into three main categories: drug use and addiction, law enforcement, and drug health issues and rehab. These metrics included measures like the percentage of adults and teens who reported using illicit drugs, overdose death rates, opioid prescriptions, and availability of treatment facilities. New Mexico tops the list with the biggest drug problem in America. The state has the highest percentage of teens using drugs, the most teens reporting marijuana use before age 13, and the third-highest rate of adult illicit drug use. New Mexico also struggles with high overdose deaths and ranks near the bottom in offering help to those with addiction.West Virginia ranks second, with the highest overdose death rate in the country and one of the top college campus drug arrest rates. A lack of addiction treatment resources means many residents have nowhere to turn for help.Nevada comes in third. Nearly 30% of students there report being offered or sold drugs at school. Nevada also ranks high for teens trying marijuana early and has too few treatment facilities to meet the need.Other high-ranking states include Alaska, the District of Columbia, Oklahoma, Missouri, and Colorado. Each faces unique challenges, from high rates of opioid prescriptions to limited treatment options.The report also highlights troubling data on teen drug use. New Mexico, Arizona, Rhode Island, Massachusetts, and Alaska have the highest percentages of teenagers who admit using drugs in the past month. Meanwhile, states like Arkansas, Tennessee, and Texas report much lower teen drug use.Students being offered drugs at school is a big concern, too. California, Nevada, Georgia, New Jersey, and Hawaii top the list for that category, while states like Connecticut and South Dakota report much lower numbers.The crisis shows no sign of ending on its own. Experts recommend a mix of strategies to combat addiction, including making rehab more accessible and expanding education on the risks of drug use. The federal government and states alike must prioritize treatment alongside law enforcement to help communities recover. Tyler DurdenSat, 06/07/2025 - 22:451f:T197c,Wood Pellets: America's Underrated Power Play Authored by Darrell Smith, Executive Director of the U.S. Industrial Pellet Association via RealClearEnergy,In an energy conversation dominated by buzzwords and breakthroughs, it’s easy to overlook the quiet, proven solutions that are already delivering results. Exhibit A: wood pellets.These compact cylinders aren’t flashy or trend on social media. For the uninitiated, they are carriers of renewable carbon and energy, sourced from responsibly managed forests; a real, scalable, domestic resource that delivers energy security, climate value, and rural jobs while sustaining and growing forests. Wood pellets are emerging as one of the smartest plays in America’s energy and climate portfolio.The Math Works Let’s be clear: climate solutions need to scale. We need terawatts of clean power, gigatons of carbon removal, and a replacement for fossil carbon in sectors where options are limited. Think steel mills, cargo ships, aviation fuel, and cement plants — industries that can’t rely on solar panels and wind turbines.Enter forest biomass. Every year, America’s 360 million acres of privately-owned forests grow more wood than we harvest. Driven by strong markets for wood products, these forests are powerful carbon sinks that have been growing since the 1950s when regenerative forestry practices became the norm.Responsible forest management, the kind that thins out fuel for wildfires, not only keeps forests healthy but also supplies feedstock for wood pellets. These pellets burn clean, emit fewer particulates than coal, are carbon-neutral, and have the potential to be carbon-negative when sourced sustainably. In other words, we’re turning forest byproducts into a strategic asset instead of a forest fire risk and ensuring more investment into our nation’s forests.Valued at $1.75 billion, the U.S. led the world last year in wood pellet exports — heating homes and decarbonizing power grids from Cambridge to Copenhagen. That’s not just a climate win. It’s a geopolitical and economic one. Furthermore, there are ample opportunities to increase use domestically. The Digital Surge: Data Centers Meet BiomassData centers are growing at breakneck pace. From streaming to AI, every click and query demands energy. These facilities already consume nearly 3% of global electricity, and that figure is climbing fast. In the U.S. alone, data center energy demand is expected to double by 2030.While tech companies make pledges to run on “100% renewable,” achieving this goal is challenging. Intermittent renewables like wind and solar can’t always deliver the 24/7 baseload power data centers require. Wind and power are not the silver bullet many had hoped, because expensive batteries must be manufactured and installed to account for their lack of reliability. Meanwhile, wood pellets offer a firm, dispatchable, renewable fuel that can complement the grid and provide the consistent power backbone data infrastructure needs, without the carbon price tag of fossil fuels.Speed is also a challenge. AI infrastructure is being developed on start-up timelines, but the grids meant to supply power are often hampered by multi-year planning cycles and limited capacity. Utilizing the existing biomass fleet or retrofitting coal-fired power stations to run on sustainable biomass bypasses these time-intensive and costly barriers. These sites are already grid-connected, often already have relevant permits, and crucially a coal-to-biomass conversion can be completed in under two years.A Carbon-Negative Future? Biomass is the FeedstockThere’s another dimension to this story. Biomass isn’t just an energy source; it’s a carbon solution. Engineered carbon removal technologies like Bioenergy with Carbon Capture and Storage (BECCS) require a steady, sustainable feedstock to function at scale. That feedstock needs to be renewable, reliable, and available today. Wood pellets fit that bill.When wood pellets are used in BECCS systems, they generate power and remove CO2 from the atmosphere at the same time, locking it away underground or turning it into usable materials like concrete, fuels, or even long-lived bioplastics. That’s negative emissions. Not net zero. Below zero.With private markets pouring billions into carbon removal innovation, the need for biogenic carbon is accelerating. Whether it’s carbon-negative electricity, sustainable aviation fuel or green hydrogen, they all have one thing in common: they start with a reliable renewable carbon stream. Wood pellets and woody biomass are poised to play a major role in supporting these emerging technologies.Missing the Forest for the Trees Despite all this, woody biomass, like all energy, eventually finds itself in the crosshairs. Critics claim it’s just “burning trees,” a false narrative that ignores both the science and the forests. Sustainable biomass doesn’t chop down protected, old-growth forests. It’s sourced from working forests, the type that are deliberately selected and sustainably managed to produce our dimensional lumber and furniture. Except biomass utilizes the lowest-value fiber that comes off these tracts.As America’s pulp and paper industry has declined, shuttering dozens of mills and shedding thousands of jobs over the last decade, wood pellets have offered a new market for low-value wood. This fiber has little economic value and without a buyer will often rot, burn, or get landfilled. Using this wood isn’t deforestation, it’s responsible forest stewardship. In fact, without reliable markets like biomass, private landowners will sell and convert their forests for more lucrative returns like agriculture, golf courses, and residential developments.Investing in Rural AmericaThe benefits of the wood pellet industry go beyond carbon math. This is a sector that brings real jobs to rural America. It supports forest owners, loggers, truckers, and working forests. This is climate action with a hard hat, not a hashtag.If we’re going to win the climate war, we have to include the states in America’s wood basket where trees grow, people work the land, and decarbonization isn’t an abstract ideal.Wood pellets are real, scalable, renewable and a true American resource.In a world increasingly distracted by hype, maybe it’s time we doubled down on solutions that deliver quietly, reliably, and sustainably. One of the smartest is hiding in plain sight — in our forests. Tyler DurdenSat, 06/07/2025 - 22:1020:T11bd,Trump To Deploy National Guard In Los Angeles As Anti-ICE Demonstrations Turn Violent The Trump administration will deploy the National Guard to Los Angeles following several violent confrontations between Immigrations and Customs Enforcement (ICE) and protesters, after ICE agents carried out multiple immigration sweeps throughout the county.Border czar Tom Homan revealed the plans Saturday night in an interview on Fox News. BREAKING - Border Czar Tom Homan has just confirmed that the National Guard will be deployed to Los Angeles tonight to reestablish order after Democrats seized control during violent anti-ICE riots. pic.twitter.com/fa2llnUPsP— Right Angle News Network (@Rightanglenews) June 7, 2025Earlier, the Deartment of Homeland Security accused Democratic leaders in California - including Governor Gavin Newsom (D) and Mayor Karen Bass (D) of contributing to the violence."The violent targeting of law enforcement in Los Angeles by lawless rioters is despicable and Mayor Bass and Governor Newsom must call for it to end," DHS spokeswoman Tricia McLaughlin said in a statement. BREAKING: Protesters in Paramount, California have vandalized a U.S. Marshals Service bus during fiery demonstrations against immigration raids. pic.twitter.com/cK02O3CYIR— Brian Allen (@allenanalysis) June 7, 2025Border Patrol personnel deploy tear gas during a demonstration over the dozens detained in an operation by federal immigration authorities a day earlier in Paramount section of Los Angeles on June 7, 2025. Eric Thayer/AP PhotoBREAKING NEWS:Paramount, California is ERUPTING into chaos as federal agents are fighting back against a crowd of anti-deportation agitators!Flash bangs and tear gas is deployed against them.What is your reaction? pic.twitter.com/FTOnbL2b3g— AmericanPapaBear (@AmericaPapaBear) June 7, 2025DHS Secretary Kristi Noem also chimed in, posting on X that protesters who use violence against officers will be prosecuted."You will not stop us or slow us down," she posted on X. President Trump also blamed 'Newscum' and Bass - saying in a Saturday night 'Truth' that if they can't do their jobs, "then the Federal Government will step in and solve the problem."White House spox Karoline Leavitt echoed Trump's comments, saying in a post on X: "President Trump will uphold law and order and continue to remove all dangerous illegal alien invaders from our country," adding "The mob violence will be quelled, the criminals responsible will be brought to justice, and operations to arrest illegal aliens will continue unabated."Left-wing radicals waving foreign flags are viciously attacking ICE and Border Patrol agents and obstructing official law enforcement activities in Los Angeles.Democrats refuse to condemn this despicable behavior but this will NOT be tolerated by the Trump Administration.... pic.twitter.com/JFzrVhOfjk— Karoline Leavitt (@PressSec) June 8, 2025The White House issued the following statement: In recent days, violent mobs have attacked ICE Officers and Federal Law Enforcement Agents carrying out basic deportation operations in Los Angeles, California. These operations are essential to halting and reversing the invasion of illegal criminals into the United States. In the wake of this violence, California’s feckless Democrat leaders have completely abdicated their responsibility to protect their citizens. That is why President Trump has signed a Presidential Memorandum deploying 2,000 National Guardsmen to address the lawlessness that has been allowed to fester. The Trump Administration has a zero tolerance policy for criminal behavior and violence, especially when that violence is aimed at law enforcement officers trying to do their jobs. These criminals will be arrested and swiftly brought to justice. The Commander-in-Chief will ensure the laws of the United States are executed fully and completely.Newsom responded - saying in a post on X: "The federal government is moving to take over the California National Guard and deploy 2,000 soldiers. That move is purposefully inflammatory and will only escalate tensions," adding "This is the wrong mission and will erode public trust."The federal government is moving to take over the California National Guard and deploy 2,000 soldiers. That move is purposefully inflammatory and will only escalate tensions.LA authorities are able to access law enforcement assistance at a moment’s notice. We are in close...— Governor Gavin Newsom (@CAgovernor) June 8, 2025Stay tuned... Tyler DurdenSat, 06/07/2025 - 21:3521:T1a12,The AI Arms Race Could Destroy Humanity As We Know It Authored by Merav Ozair via CoinTelegraph.com,The AI arms race is moving too fast for safety, with companies pushing boundaries and governments lagging. AI-driven dehumanization and the unchecked proliferation of autonomous weapons require responsible leadership before it’s too late.The launch of ChatGPT in late 2023 sparked an arms race among Big Tech companies such as Meta, Google, Apple and Microsoft and startups like OpenAI, Anthropic, Mistral and DeepSeek. All are rushing to deploy their models and products as fast as possible, announcing the next “shiny” toy in town and trying to claim superiority at the expense of our safety, privacy or autonomy.After OpenAI’s ChatGPT spurred major growth in generative AI with the Studio Ghibli trend, Mark Zuckerberg, Meta’s CEO, urged his teams to make AI companions more “humanlike” and entertaining — even if it meant relaxing safeguards. “I missed out on Snapchat and TikTok, I won’t miss out on this,” Zuckerberg reportedly said during an internal meeting.In the latest Meta AI bots project, launched on all their platforms, Meta loosened its guardrails to make the bots more engaging, allowing them to participate in romantic role-play and “fantasy sex,” even with underage users. Staff warned about the risks this posed, especially for minors.They will stop at nothing. Not even the safety of our children, and all for the sake of profit and beating the competition.The damage and destruction that AI can inflict upon humanity runs deeper than that.Dehumanizing and loss of autonomyThe accelerated transformation of AI likely leads to full dehumanization, leaving us disempowered, easily manipulable and entirely dependent on companies that provide AI services.The latest AI advances have accelerated the process of dehumanization. We have been experiencing it for more than 25 years since the first major AI-powered recommendation systems emerged, introduced by companies like Amazon, Netflix and YouTube.Companies present AI-powered features as essential personalization tools, suggesting that users would be lost in a sea of irrelevant content or products without them. Allowing companies to dictate what people buy, watch and think has become globally normalized, with little to no regulatory or policy efforts to curb it. The consequences, however, could be significant.Generative AI and dehumanizationGenerative AI has taken this dehumanization to the next level. It became common practice to integrate GenAI features into existing applications, aiming to increase human productivity or enhance the human-made outcome. Behind this massive push is the idea that humans are not good enough and that AI assistance is preferable.A 2024 paper, “Generative AI Can Harm Learning,” found that “access to GPT-4 significantly improves performance (48% improvement for GPT Base and 127% for GPT Tutor). We also find that when access is subsequently taken away, students perform worse than those who never had access (17% reduction for GPT Base). That is, access to GPT-4 can harm educational outcomes.”This is alarming. GenAI disempowers people and makes them dependent on it. People may not only lose the ability to produce the same results but also fail to invest time and effort in learning essential skills.We are losing our autonomy to think, assess and create, resulting in complete dehumanization. Elon Musk’s statement that “AI will be way smarter than humans” is not surprising as dehumanization progresses, as we will no longer be what actually makes us human. AI-powered autonomous weaponsFor decades, military forces have used autonomous weapons, including mines, torpedoes and heat-guided missiles that operate based on simple reactive feedback without human control. Now, it enters the arena of weapon design. AI-powered weapons involving drones and robots are actively being developed and deployed. Due to how easily such technology proliferates, they will only become more capable, sophisticated and widely used over time.A major deterrent that keeps nations from starting wars is soldiers dying — a human cost to their citizens that can create domestic consequences for leaders. The current development of AI-powered weapons aims to remove human soldiers from harm’s way. If few soldiers die in offensive warfare, however, it weakens the association between acts of war and human cost, and it becomes politically easier to start wars, which, in turn, may lead to more death and destruction overall. Major geopolitical problems could quickly emerge as AI-powered arms races amp up and such technology continues to proliferate.Robot “soldiers” are software that might be compromised. If hacked, the entire army of robots may act against a nation and lead to mass destruction. Stellar cybersecurity would be even more prudent than an autonomous army. Bear in mind that this cyberattack can occur on any autonomous system. You can destroy a nation simply by hacking its financial systems and depleting all its economic resources. No humans are harmed, but they may not be able to survive without financial resources.The Armageddon scenario“AI is more dangerous than, say, mismanaged aircraft design or production maintenance or bad car production,” Musk said in a Fox News interview. “In the sense that it has the potential — however small one may regard that probability, but it is non-trivial — it has the potential of civilization destruction,” Musk added.Musk and Geoffrey Hinton have recently expressed concerns that the possibility of AI posing an existential threat is 10%-20%.As these systems get more sophisticated, they may start acting against humans. A paper published by Anthropic researchers in December 2024 found that AI can fake alignment. If this could happen with the current AI models, imagine what it could do when these models become more powerful.Can humanity be saved?There is too much focus on profit and power and almost none on safety.Leaders should be concerned more about public safety and the future of humanity than gaining supremacy in AI. “Responsible AI” is not just a buzzword, empty policies and promises. It should be at the top of the mind of any developer, company or leader and implemented by design in any AI system.Collaboration between companies and nations is critical if we would like to prevent any doomsday scenario. And if leaders are not stepping up to the plate, the public should demand it. Our future as humanity as we know it is at stake. Either we ensure AI benefits us at scale or let it destroy us. Tyler DurdenSat, 06/07/2025 - 10:3022:Tbf7,President Donald Trump told NBC News that he believes his relationship with Elon Musk is irreparable after their clash this week. “I would assume so,” Trump said when asked if the pair’s relationship is over. He also said that there would be “serious consequences” if Elon Musk backs Democratic candidates to take on GOP lawmakers who support the spending bill.President Donald Trump told NBC News on Saturday that Elon Musk would see “serious consequences” if he backs Democratic candidates who challenge Republicans supporting the “big, beautiful bill.”“If he does, he’ll have to pay the consequences for that,” Trump told NBC News’ Kristen Welker in a phone interview.“He’ll have to pay very serious consequences if he does that,” he continued, without giving specifics on what that would look like.Trump also said that he thinks his relationship with Musk is done after their public feud erupted this week.“I gave him a lot of breaks, long before this happened, I gave him breaks in my first administration and saved his life in my first administration,” Trump said.“I have no intention of speaking to him,” Trump added.When asked whether he thinks his relationship with Musk is over, he said, “I would assume so.”Trump also accused Musk of being “disrespectful to the office of the president.”Trump’s remarks are among his most extensive public comments yet on his feud with Musk, and the latest sign that the president is not interested in mending his relationship with the onetime ally. Trump ‘not interested’ in call with Musk, White House official saysMusk says SpaceX will decommission Dragon spacecraft after Trump threat — or notTrump calls Elon Musk ‘CRAZY,’ floats cutting government contracts for his companiesElon Musk blasts Trump: ‘Without me, Trump would have lost’Trump speaks with Xi, will resume talks between U.S. and China over tariffsTrump admin blocked from deporting Colorado suspect’s family, lawyer blasts ‘medieval’ tacticSen. Ron Johnson rips into ‘immoral’ GOP spending bill: ‘I can’t accept it‘Trump says he spoke to Putin, predicts no ‘immediate’ peace for Russia, UkraineRepublican tax bill would add $2.4 trillion to deficits, CBO saysMusk has been a vocal critic of the Trump-backed spending bill that moved through the House last month.Earlier this week, Musk called the spending bill a “disgusting abomination” that will lead to exploding federal budget deficits.“In November next year, we fire all politicians who betrayed the American people,” he wrote in a separate X post.Musk’s criticism of the spending package — which is now being considered in the Senate — is in part what spurred the clash between the two men.Trump told NBC News that he is still “very confident” that the bill will be passed by July 4, and that he doesn’t think Musk could derail the bill.“If you look at the Republicans, we’ve never been more unified,” Trump told NBC News. “The bill is fantastic.”— NBC News contributed reporting23:T16fc,D-Day: The Great Crusade And The Men Who Made It Work Authored by Daniel Oliver via American Greatness,Seventy-one years ago next month, a young man went with his parents and siblings to Europe on a Cunard liner, the MV Britannic. On the liner with them was a middle-aged couple going to France to visit, for the first time, their son’s grave in Normandy, France.The beaches of Normandy are where thousands of soldiers, including their son, landed and died on D-Day: June 6, 1944.The young man, then aged fifteen, had, at best and generously, little understanding of what that couple was doing. Oh yes, he remembered the war from his earliest childhood: he remembered blackouts in New York City, remembered his mother putting the heavy blue paper that cotton came in those days over the windows of their apartment so the “Jerries” (Germans) wouldn’t see any light, remembered hearing planes fly overhead, wondering whether they were “ours” or “theirs,” and remembered his father going at night to stand on the roofs of buildings to be a spotter of German aircraft.And he remembered hearing the church bells ring when the war in Europe ended—but he was only six then, so his memory was, and is... sketchy.Seventeen years later, when he was serving in the army in Germany, the horror of war intruded into his faint memory—and almost entirely literary understanding—of armed conflict.He was a linguist, trained to understand Russian, and particularly Russian military language and jargon. In the unit he was serving with, the best duty, but only for the best linguists, was “plane duty”: the soldiers flew along the East German border most of an afternoon and night, listening to whatever they could pick up, and then had several days off! Our young man was selected for plane duty but was scrubbed from it, permanently, because he was going home for a few weeks of leave.One night after he returned from leave, the plane crashed. All on board were killed. The official explanation was engine failure, but all the soldiers on the base “knew” it had been shot down by the East Germans (probably the pilot had strayed over the border) and that the U.S. government (the Kennedy administration) had decided not to make a cause célèbre out of it.Our then-young man remembers seeing the married men’s wives (some of them no more than about eighteen years old) come to the base and collect their husbands’ belongings. That’s when the horror of war hit home.No movie, not even Saving Private Ryan, could produce the effect of seeing those young girls collecting, grasping at the scanty memorabilia that remained from their very short married lives.Twenty-seven years later, on a Sunday afternoon, our young man, by then middle-aged, took his children to Coleville-sur-Mer, which is where the Normandy American Cemetery is located. It was officially dedicated on July 19, 1956. Before 1956, the remains of American soldiers who died during the Normandy campaign were temporarily interred at various sites, including the original cemetery established at Saint-Laurent-sur-Mer shortly after D-Day. It was to one of those sites that the couple on the Cunard liner were going.That Sunday afternoon, the sun was bright and the weather warm, not at all like D-Day, when the temperature there had been around 55 degrees and the water temperature 59 degrees. (When was the last time you went swimming in 59-degree water?) The wind had been blowing 10 to 20 mph, gusting higher at times, which created the waves and surf that complicated the beach landings and made airborne drops difficult—facts you know if you’ve seen the movies.But on that sunny day so many years later, our middle-aged man watched two of his sons stroll up from the landing beach in their Brooks Brothers blazers and loafers. He stood transfixed, watching, appreciating the study in contrast—and his good luck of not being on the army plane that had crashed in the line of duty.Today, the cemetery at Coleville-sur-Mer, burial ground of 9,387 soldiers, is, some of its visitors think, the eighth wonder of the world. Rows and rows of graves marked by crosses, and some by Stars of David, remind us that greater love hath no man than this: that he lay down his life for a friend.Yes, yes, those soldiers didn’t plan to lay down their lives. Most were drafted, although about a quarter had volunteered. But still, they did lay down their lives, and you can, and should, visit their graves at the American Cemetery in Colleville-sur-Mer before you... join them. And if you can’t get to Normandy, there are 156 military cemeteries in the U.S.—one of which is bound to be near enough to you to coax a visit.Can those of us today, in our Brooks Brothers suits, or BB look-alikes, ever really appreciate the grind and sacrifice of war? Or is it all simply beyond most of our ability to imagine?There’s a museum at the Normandy cemetery that displays letters from some of the young soldiers who went from America to those beaches, so many of them to die. Their letters show that many had no idea where they were going or even where Normandy was. But there they were, nevertheless, saving Western Civilization.World War I was called “the war to end all wars.”But of course it wasn’t, as the world discovered only twenty-one years later.Can wars ever end? Probably not, because some things are worth fighting for. And dying for. Is Western Civilization one of those things? Do most Americans think it is? Do enough Americans think it is worth dying for? Will we have to find out?That is worth contemplating on June 6 this year, as we remember—as the once-young, and then middle-aged, and now old man remembers—those who died for us eighty-one years ago, some of whom are buried in the American Cemetery in Colleville-sur-Mer, Normandy, France. Tyler DurdenFri, 06/06/2025 - 22:3524:Tb32,Syria Allows UN Team Immediate Access To Suspected Nuke Sites The Syrian regime of Al-Qaeda linked President Ahmed Sharaa continues its remarkable degree of cooperation with the so-called international community, this week affirming that it will give inspectors from the United Nations' nuclear watchdog, the IAEA, immediate and unprecedented access to the country.While not known for nuclear sites, it's long been suspected that Damascus was overseeing a nascent program under the prior Assad government. This included an undeclared nuclear reactor built by North Korea in eastern Deir el-Zour province, which was attacked by Israeli jets in a September 2007 raid. That operation had remained a secret for years after.Images: satellite via DigialGlobe/NYT of alleged secretive Syrian nuclear site bombed by the Israelis in 2007.The IAEA previously described the reactor as being "not configured to produce electricity" - which raised suspicions in the West and in the region that Assad had been seeking nuclear weapons.The UN watchdog's aim is "to bring total clarity over certain activities that took place in the past that were, in the judgment of the agency, probably related to nuclear weapons," IAEA director-general, Rafael Grossi, has said.Grossi further said the new government run by Hayat Tahrir al-Sham (which when it began fighting Assad years ago was an al-Qaeda affiliate) remains "committed to opening up to the world, to international cooperation."Interestingly, even the Jewish News Syndicate identifies the terror pedigree of the man now running things in Damascus:The IAEA leader told the AP that al-Sharaa — a former al-Qaida member who has courted Western governments since seizing power in December — had shown a "very positive disposition to talk to us and to allow us to carry out the activities we need to."Now that Assad is out, and Sharaa (aka. Jolani) is in, delegations from Western capitals have rushed back to Damascus, and Washington has even lifted sanctions. Syria under Sharaa has gone so far as to signaled openness to normalizing relations with Israel, after the two had been in a permanent state of war for decades under the Assad family.But after Syria fell to the Sunni jihadists, this meant Iran lost a crucial ally in a strategic location - the so-called 'Shia crescent' - that linked Beirut, Damascus, Baghdad, and Tehran.READ this brilliant article by The Cradle's Syria correspondent about the dubious role of Britain's secret service in grooming Syria’s Al-Qaeda-rooted government.READ: https://t.co/XcNIbz168p pic.twitter.com/PJbRUNHyXX— Kevork Almassian (@KevorkAlmassian) June 5, 2025UN inspectors will likely eventually also want to inspect Syria's chemical weapons sites, though Israel had long ago bombed many of them, yet there probably remains underground stockpiles. Tyler DurdenFri, 06/06/2025 - 22:1025:Tbf4,President Donald Trump has adopted a peculiar and dangerous pattern in his second term, wrote Amanda Shendruk and Catherine Rampell for The Washington Post in an analysis published on Friday: moving to "delete" entire categories of people he doesn't like or want to acknowledge from federal data whenever possible."For example, when the Defense Department was asked to cull all DEI-related content from its websites, it removed approximately 26,000 images," they wrote. "A list of the deleted photos was given to the Associated Press. About 19,000 of them included descriptions, and our analysis found that 4 out of 5 depicted women, people in the LGBTQ+ community and racial minorities."Almost half of the deleted images included racial minorities, the report found."This is part of a broader campaign to delete the statistical and visual evidence of undesirables, or at least those who may not fit into President Donald Trump’s conception of the new American 'golden age,'" they wrote. "Entire demographics are being scrubbed from records of both America’s past and present — including people of color, transgender people, women, immigrants and people with disabilities. They are now among America’s 'missing persons.'"All of this comes at a moment when the Trump administration is also seeking to rename and redefine everything around him, changing the Gulf of Mexico to the "Gulf of America," undoing the military's decision to take Confederate names off of bases, and most recently moving to strip the names of civil rights leaders like Harvey Milk and Harriet Tubman from Naval ships."Everyday Americans who happen to be nonwhite have been deleted from federal datasets and indexes designed to inform government preparations for emergencies. Some government mapping tools that involve race have been taken down entirely," the report continued. "In response to an executive order banning DEI, some federal agencies now forbid the recognition of Black History Month and employee affinity groups. And keywords such as 'Black,' 'ethnicity' and 'indigenous' have appeared on lists of banned words for public communications and scientific grants."Even poor people appear to be being marked for deletion, Shendruk and Rampell wrote: the administration fired the Health and Human Services team responsible for calculating poverty guidelines, and eliminated the Social Security Administration's Disability Analysis File. "Perhaps if we never define or quantify poverty, the administration seems to believe, poor people would cease to exist — and therefore would no longer be entitled to safety-net services," they wrote.All of this, they wrote, is one of the least popular things the administration is doing, with polls overwhelmingly showing opposition to removing diversity and keywords acknowledging it from websites, State Department reports, or posters on government buildings."And why would Americans support this?" they concluded. "Most people see themselves in at least one of these groups — and they want to be seen by their government, too."26:T5e0,Supreme Court Sides With DOGE In Social Security, Records Cases Authored by Matthew Vadum via The Epoch Times (emphasis ours),The Supreme Court handed the Department of Government Efficiency (DOGE) two big wins late on June 6 in its effort to reduce the size of the federal government.The U.S. Supreme Court in Washington on June 3, 2025.Madalina Vasiliu/The Epoch TimesThe nation’s highest court issued the two unsigned rulings at the same time.One order removed a block on DOGE staffers accessing sensitive data at the Social Security Administration.Justices Sonia Sotomayor, Elena Kagan, and Ketanji Brown Jackson dissented in the case known as Social Security Administration v. American Federation of State, County, and Municipal Employees.The other new order, in U.S. DOGE Service v. CREW, formally blocked lower court orders requiring DOGE to respond to freedom of information requests in a pending lawsuit.That order came after Chief Justice John Roberts on May 23 issued an administrative stay temporarily blocking the lower court orders.President Donald Trump issued Executive Order 14158 on Jan. 20, renaming the United States Digital Service as the United States DOGE Service and creating an advisory body that recommends cost-cutting measures for federal agencies.The executive order directed the entity to “implement the President’s DOGE Agenda, by modernizing Federal technology and software to maximize governmental efficiency and productivity.” Tyler DurdenFri, 06/06/2025 - 21:4527:T8cf,DELRAY BEACH, Fla., June 6, 2025 /PRNewswire/ -- 360Quadrants has released its latest PFAS testing Startups/SMEs Companies Assessment, 2025, recognizing key players, including both global giants and emerging innovators, for their excellence in market presence, product innovation, and business strategy. The report highlights Restek Corporation, LANXESS, Evonik, and Cytiva among the top companies that are actively shaping the future of the PFAS testing Startups/SMEs Companies Assessment.The evaluation leverages 360Quadrants' proprietary methodology to map competitive positioning across 7,000+ micro markets within 10+ industries, enabling decision-makers to make strategic, data-backed vendor choices.Company Highlights in the PFAS testing Startups/SMEs Companies Assessment:Restek Corporation is a privately held company specializing in the development and manufacturing of high-performance chromatography columns and accessories. Renowned for its innovation and precision, Restek offers a broad portfolio of analytical solutions tailored for the analysis and quality monitoring of air, water, soil, food, pharmaceuticals, chemicals, and petroleum products. In addition to its chromatography products, Restek provides a comprehensive range of certified reference standards that support critical applications in environmental testing, clinical diagnostics, forensic science, toxicology, petrochemical analysis, and pharmaceutical research. Serving laboratories and research institutions around the globe, Restek is widely recognized for delivering reliable, high-quality products that meet the evolving needs of analytical science professionals.Evonik Industries AG, based in Essen, Germany, is a leading global specialty chemicals company known for delivering high-performance materials and innovative solutions across a broad range of industries, including healthcare, nutrition, coatings, agriculture, and energy. With a strong emphasis on sustainability and resource efficiency, Evonik leverages advanced research and development to drive innovation and support environmentally responsible practices. Evonik is actively pursuing the development of sustainable, fluorine-free alternatives. This includes the ...Full story available on Benzinga.com28:T11ba,Feds Say California Bullet Train Has 'No Viable Path', Threaten To Pull $4 Billion Authored by Chase Smith via The Epoch Times (emphasis ours),California’s long-delayed high-speed rail project is in default of federal grant agreements and may soon lose more than $4 billion in funding, the U.S. Department of Transportation said on June 4.A report released by the department accuses the California High-Speed Rail Authority (CHSRA) of chronic mismanagement, unrealistic projections, and failure to meet key obligations, despite receiving billions in taxpayer money.The Federal Railroad Administration (FRA) concluded that the bullet train has “no viable path” to finish the project’s first operational segment by 2033, the deadline outlined in federal agreements.In a letter to Ian Choudri, CHSRA’s CEO, the FRA stated that the agency intends to terminate two grants totaling roughly $4 billion unless California responds with a satisfactory corrective plan. CHSRA has up to 37 days to avoid a final termination.The letter outlines nine key findings from a 310-page compliance review, including a $7 billion funding gap, missed procurement deadlines, and what the FRA referred to as “substantially overrepresented” ridership forecasts.The FRA letter called the rail project “a story of broken promises and of waste of Federal taxpayer dollars.” It noted that what began as a proposed 800-mile system was “first reduced to 500 miles, then became a 171-mile segment, and is now very likely ended as a 119-mile track to nowhere.”Transportation Secretary Sean Duffy said the report justifies reprogramming the funds to other projects.“This report exposes a cold, hard truth: CHSRA has no viable path to complete this project on time or on budget,” Duffy said in a statement.“CHSRA is on notice—If they can’t deliver on their end of the deal, it could soon be time for these funds to flow to other projects that can achieve President Trump’s vision of building great, big, beautiful things again. Our country deserves high-speed rail that makes us proud—not boondoggle trains to nowhere.”The FRA report found that CHSRA has not yet laid a single mile of high-speed rail track, despite more than $6.9 billion in total federal funding since 2009. It also said that CHSRA continues to rely on unstable funding sources, such as California’s cap-and-trade auction revenues, to fill budget gaps.According to the FRA, CHSRA has already spent about $1.6 billion on change orders over the past two years and still faces legal disputes and procurement delays and hasn’t started construction on key segments.The state originally promised an 800-mile rail line connecting San Francisco and Los Angeles by 2020 for $33 billion. Estimates now range from $89 billion to $128 billion.In a statement last month, CHSRA said construction is active on 119 miles in the Central Valley and has created more than 15,000 jobs. The agency also said it was making progress on a 171-mile segment from Merced to Bakersfield.But FRA officials say even that scaled-back version may be unreachable. The agency noted that CHSRA’s internal inspector general found no credible plan to close the current $7 billion gap for the Merced-Bakersfield stretch.A CHSRA Authority spokesperson told The Epoch Times in an email that they “strongly disagree” with the FRA’s conclusions, which they said are “misguided and do not reflect the substantial progress made to deliver high-speed rail in California.”“We remain firmly committed to completing the nation’s first true high-speed rail system connecting the major population centers in the state,” the spokesperson said. “While continued federal partnership is important to the project, the majority of our funding has been provided by the state. To that end, the Governor’s budget proposal, which is currently before the Legislature, extends at least $1 billion per year in funding for the next 20 years, providing the necessary resources to complete the project’s initial operating segment. The Authority will fully address and correct the record in our formal response to the FRA’s notice.”The compliance review concluded that continued federal support would not achieve the goals of the High-Speed Intercity Passenger Rail Program. The FRA said it may redirect unspent funds from the grants to other infrastructure projects and is not currently seeking repayment of the funds already used.Reuters contributed to this report. Tyler DurdenFri, 06/06/2025 - 10:4529:T8c7,While President Donald Trump's executive orders have previously ruffled political and ideological feathers, some of them have also positively influenced the financial markets. Case in point is the uranium sector. Last month, Trump signed a sweeping executive order aimed at rebuilding America's nuclear energy capacity while also reducing dependency on foreign-sourced uranium. The move marks the biggest federal intervention in nuclear power policy in decades, subsequently reinvigorating uranium producers.Indeed, the underlying commodity has represented one of the hottest segments in the equities arena recently. For example, Cameco Corp (NYSE:CCJ) – the world's largest publicly traded uranium company – is up over 29% in the trailing month since June 5. Smaller entities in the space, such as Uranium Energy Corp. (AMEX:UEC), have also printed double-digit percentage spikes during the aforementioned period.Both enterprises – along with several other companies – make up the portfolio of Sprott Uranium Miners ETF (NYSE:URNM). Owned and managed by global asset manager Sprott Inc. (NYSE:SII), the exchange-traded fund represents one of the few U.S.-listed ETFs which features dedicated exposure to uranium miners and physical uranium. According to Sprott's overview document, 83.8% of URNM's weighting is centered on uranium and related equities, while the rest is allocated to physical uranium.Beyond direct and convenient exposure to a rarefied arena, the Sprott Uranium Miners ETF facilitates broad exposure to an often choppy market. While uranium stocks are currently enjoying a wave of bullish momentum thanks to the aforementioned political catalyst, the sector frequently incurs price volatility due to thin trading volumes, lack of transparent spot pricing and sensitivity to news and government policy.By distributing the risk across multiple names in the sector, investors can gain exposure to uranium while reducing reliance on any one particular entity. Just as importantly, thanks to the fund's underlying diversity, this attribute fosters a more stable and interpretable backdrop for technical analysis.Utilizing Price Action To Assess The Market Behavior Of The URNM ETFAt its ...Full story available on Benzinga.com2a:T951,/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./VANCOUVER, BC, June 5, 2025 /CNW/ - Stamper Oil & Gas Corp. ("Stamper" or the "Company") (TSXV:STMP) is pleased to announce that further to the Company's press release dated May 14, 2025 announcing the entering into of an acquisition agreement dated May 12, 2025 with BISP Exploration Inc. ("BISP") pursuant to which the Company will acquire all of the issued and outstanding common shares of BISP (the "Transaction"), BISP will undertake a "best efforts" brokered private placement of subscription receipts (the "Financing"). In connection with the Transaction, BISP has engaged Ventum Financial Corp. (the "Lead Agent") to act as lead agent and sole bookrunner (on its own behalf and on behalf of a syndicate of agents which may be formed, and collectively with the Lead Agent, the "Agents") in connection with the Financing of up to 80,000,000 subscription receipts (the "Subscription Receipts") at a price of $0.20 per Subscription Receipt (the "Offering Price") to raise gross proceeds of up to $16 million (the "Escrowed Funds"), which will be held in escrow by Endeavor Trust Corporation (the "Subscription Receipt Agent"). BISP has granted to the Agents an over-allotment option, exercisable at any time prior to the Closing Date (as defined below), to offer up to an additional 15% of the Subscription Receipts at the Offering Price. The Subscription Receipts will be issued pursuant to a subscription receipt agreement (the "Subscription Receipt Agreement") to be entered into among BISP, the Lead Agent, and the Subscription Receipt Agent. Upon satisfaction of the escrow release conditions, which will be further outlined in the Subscription Receipt Agreement and include, but not limited to, satisfaction of all conditions precedent of the Transaction, each Subscription Receipt will entitle the holder thereof, without payment of any additional consideration and without further action on the part of the holder thereof, to one unit of BISP (a "BISP Unit"), and the Escrowed Funds, together with any interest earned thereon, will be released to BISP. If the escrow release conditions are not satisfied or waived within six (6) months of the ...Full story available on Benzinga.com2b:T1ed4,The Swiss franc has appreciated 10% against the U.S. dollar since the beginning of the year. A strengthening franc has put deflationary pressure on the Swiss economy, which returned to deflation last month. The Swiss National Bank has, in the past, intervened in currency markets — but with Donald Trump back in the White House, that move is harder for the central bank to make. U.S. President Donald Trump’s trade policies have rocked global equities in recent weeks, driving investors to seek out pockets of safety in financial markets.One of the beneficiaries of the market volatility has been the Swiss franc, widely seen as a safe haven asset in times of macroeconomic or geopolitical uncertainty. The Swiss currency has appreciated 9.5% against the U.S. dollar since the beginning of the year — but inside Switzerland’s borders, rising demand for the franc is stirring up challenges for policymakers.The Swiss franc was last seen trading 0.2% lower against the greenback, with $1 buying around 0.82 Swiss francs. A strong franc puts deflationary pressure on Switzerland. As the currency appreciates, imports – which play a significant role in the country’s economy – become cheaper.For some countries, this effect might be a welcome reprieve from sticky inflation. But while many developed markets, such as the U.S. and the U.K., are still working to bring inflation down to their 2% targets, Switzerland is facing the opposite problem: prices are falling too much.Swiss inflation turned negative in May, with the country’s Consumer Price Index falling by 0.1% year-on-year. The price of imported goods contracted significantly, falling by 2.4% on an annual basis after staying flat in the previous month.Charlotte de Montpellier, senior France and Switzerland economist at ING, noted the role the currency rally was playing in the country’s inflation picture.“The latest decline is largely driven by external factors,” she said in a note on Tuesday. “A strong Swiss franc has significantly reduced the cost of imported goods ... Given that imports make up 23% of the CPI basket, this has a notable impact on overall inflation in Switzerland.”The May data marked Switzerland’s first return to deflation since the Covid-19 pandemic. It could push the Swiss National Bank toward utilizing two key policies previously implemented to address what De Montpellier labeled a “persistent headache” for the central bank.Negative interest ratesThe SNB ended a seven-year stretch of negative interest rates in 2022 — an unpopular policy with savers and lenders, as they eliminate returns on savings deposits and squeeze banks’ margins and profitability.At its most recent meeting in March, the central bank cut its key rate by 25 basis points to 0.25%.In the wake of this week’s inflation data, the SNB is expected to “seek to combat the appreciation of the Swiss franc with the weapons at its disposal,” De Montpellier said.ING expects the SNB to cut its key interest rate by 25 basis points at its next meeting later this month — and De Montpellier argued that further cuts will likely follow.“Based on current data, a return to negative interest rates before year-end appears increasingly probable,” she said. “Our base case includes a second 25bp cut in September, bringing the policy rate to -0.25%. While the SNB would prefer to avoid deeper cuts, a 50bp reduction in June cannot be ruled out.”While ING expects Swiss policymakers to stop cutting rates at -0.25%, De Montpellier said a further strengthening of the Swiss franc “could force [the SNB’s] hand,” leaving it with little choice but to take rates further into negative territory.Lily Fang, a professor of finance at business school INSEAD, told CNBC that current conditions were likely to push Switzerland back into a negative rates environment — a move that SNB Chair Martin Schlegel has stressed remains on the table.“The Swiss authorities are clearly concerned, because ... it’s a small, open economy that relies on international trade, and the U.S. in particular is their single most important trading partner beyond the EU bloc,” Fang said in a phone call.“Switzerland has already gone ahead and lowered rates ahead of the EU. I think it is very likely to go to zero and even negative.”Currency interventionAnother tool the SNB has previously used to cool the Swiss franc is intervening in the foreign exchange market by selling the franc and purchasing foreign currencies.However, with U.S. President Donald Trump back in the White House, this strategy now comes with political challenges.On Thursday, the U.S. Treasury Department added nine economies to a “Monitoring List” of trading partners “whose currency practices and macroeconomic policies merit close attention.”They are: China, Japan, Korea, Taiwan, Singapore, Vietnam, Germany, Ireland and Switzerland.Back in 2020, the U.S. Treasury, under the first Trump administration, labeled Switzerland a currency manipulator, accusing it of deliberately devaluing the Swiss franc against the greenback. The department stopped short of using the term “currency manipulator” on Thursday.However, Trump’s full list of so-called reciprocal tariffs said “currency manipulation and trade barriers” had been factored into calculating the levies individual countries were imposing on the United States. The administration said it had calculated that Switzerland — which abolished all industrial tariffs last year — charged tariffs of 61% to the U.S., and it would therefore slap new tariffs of 31% onto Swiss goods.In a statement on Friday, the Swiss National Bank said it had taken note of the U.S. Treasury’s report.“The SNB does not engage in any manipulation of the Swiss franc,” a spokesperson said. “It does not seek to prevent adjustments in the balance of trade or to gain unfair competitive advantages for the Swiss economy.”They added that the main instrument the SNB used to implement its monetary policy is its key interest rate — but noted that it would intervene in currency markets if deemed prudent.“The use of foreign exchange market interventions may be necessary under certain circumstances to ensure appropriate monetary conditions in Switzerland,” the SNB spokesperson said. “In so doing, the SNB does not pursue an exchange rate target, but rather focuses on its statutory mandate to ensure price stability.”Alongside Swiss authorities, the SNB said, the central bank remained in contact with U.S. officials to explain Switzerland’s economic situation and monetary policy.“We welcome these ongoing discussions as part of the ‘macroeconomic dialogue,'” the spokesperson added.While ING’s De Montpellier acknowledged that any possible FX intervention from the SNB risked “provoking the ire of the US administration,” she argued it was likely the central bank would intervene in markets in the coming months.Alex King, a former FX trader and founder of personal finance platform Generation Money, agreed that any direct purchase of foreign currencies by the SNB was “unlikely to sit well with the US administration.”“When Switzerland was labelled a currency manipulator in 2020 the threat of tariffs wasn’t such a major factor, but it now has a dilemma on its hands,” he told CNBC in an email. “If it was to intervene directly again in FX markets, it could get hit with higher US tariffs, and the negative impact of this could be worse than short term inflationary pressures.”“I’m not sure that they will immediately go and use currency intervention, market intervention, because the U.S. tends to be ... labeling countries ‘manipulators,'” added INSEAD’s Fang. “I don’t think that they really want to be labeled as a manipulator again, [so] I think that they will use that probably as a last resort tool.”5:["$","div",null,{"children":[["$","h1",null,{"children":["Business"," News - Page ",7]}],["$","div",null,{"className":"articleGrid","children":[["$","article","2025-06/14a43b85faebea01f69009eb80805726.json",{"className":"ArticleCard_card__hzH2s","children":[["$","img",null,{"src":"https://www.castanet.net/content/cp/2025/6/5cd08d9e205f62bdb5d494f33f23d36831f0cc2d3eac2cd59e729b606048a717.jpg","alt":"Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%","className":"ArticleCard_image__bZIZq","loading":"lazy"}],["$","div",null,{"className":"ArticleCard_content___0a8B","children":[["$","span",null,{"className":"ArticleCard_date__7QxPC","children":"2025-06-10"}],["$","h3",null,{"className":"ArticleCard_title__7hlpK","children":"Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%"}],["$","p",null,{"className":"ArticleCard_description__llmXE","children":"President Donald Trump's trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.Citing “a substantial rise in trade barriers'' but without mentioning Trump by name, the 189-country lender predicted that the U.S...."}]]}]]}],["$","article","2025-06/90a3914a6553784a54b80eaa8af6871a.json",{"className":"ArticleCard_card__hzH2s","children":[["$","img",null,{"src":"https://cdn.benzinga.com/files/images/story/2025/06/10/Stock-chartbenzingaai2023-stock-market-c.png?auto=jpg&dpr=1&fit=crop&height=480&optimize=medium&width=720","alt":"Windtree Stock Is Rising Tuesday: What's Going On?","className":"ArticleCard_image__bZIZq","loading":"lazy"}],["$","div",null,{"className":"ArticleCard_content___0a8B","children":[["$","span",null,{"className":"ArticleCard_date__7QxPC","children":"2025-06-10"}],["$","h3",null,{"className":"ArticleCard_title__7hlpK","children":"Windtree Stock Is Rising Tuesday: What's Going On?"}],["$","p",null,{"className":"ArticleCard_description__llmXE","children":"Windtree Therapeutics, Inc. 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