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Factory Fallout: US Manufacturing Is in Retreat and Trump’s Tariffs Aren’t Helping (Wall Street Journal)
The manufacturing boom President Trump promised would usher in a golden age
for America is going in reverse. After years of economic interventions by the Trump and Biden administrations, fewer Americans work in manufacturing than at any point since the pandemic ended.
Manufacturers shed workers in each of the eight months after Trump unveiled “Liberation Day” tariffs, according to federal figures, extending a contraction that has seen more than 200,000 roles disappear since 2023.
Wins for Wind: Judge Hands Trump a Fifth Loss in His Effort to Halt Offshore Wind Projects (New York Times)
A
federal judge struck down
the Interior Department’s order to halt work on a multibillion-dollar wind farm off the coast of New York State, the fifth time the courts have ruled against the Trump administration’s efforts to throttle the country’s offshore wind industry.
The previous four rulings allowed work to continue on Revolution Wind off Rhode Island, Empire Wind off New York,
Coastal Virginia Offshore Wind off Virginia and Vineyard Wind off Massachusetts.
The administration is now 0-5 in its effort to stop wind farms under construction along the East Coast.
On Capitol Hill: Relatives of Renee Good Speak at Public Forum in Washington (New York Times)
Two brothers of Renee Good, a US citizen killed by a federal agent in Minneapolis last month, told congressional Democrats on Tuesday that their family had been disheartened that immigration officials had not seemed to change their behavior since their sister’s death.
Retail Milestone: Walmart Joins $1 Trillion Club as Tech, Frugal Shoppers Fuel Gains (Bloomberg)
A rally in Walmart Inc. shares pushed its market capitalization past $1 trillion on Tuesday for the first time ever, vaulting the world’s largest retailer into a category typically occupied by Big Tech firms such as Nvidia Corp. and
Alphabet Inc.
Oil Diplomacy: US Plans to Issue License for Firms to Pump Venezuelan Oil (Bloomberg)
US-Colombia Talks: Trump and Petro Trade Insults for Restraint Amid Continued Detente (Politico)
President Donald Trump and Colombian President Gustavo Petro spent a year hurling invectives at each other. They emerged from a two-hour closed-door meeting at the White House on Tuesday trading mild pleasantries instead.
The leaders’ public remarks following their first face-to-face encounter made clear the gulf that remains between the two nations — including on issues like counternarcotics, energy and US military operations in the Caribbean and eastern Pacific.
Maritime Tensions Rise: US Navy Shoots Down Iranian Drone Nearing Carrier in Arabian Sea (Bloomberg)
The US Navy shot down an Iranian drone headed toward a US aircraft carrier in the Arabian Sea, spooking oil markets amid heightened tensions between Washington and Tehran.
A US F-35C warplane shot down the drone
in self-defense as the unmanned aircraft “aggressively approached” the USS Abraham Lincoln with “unclear intent,” US Central Command said in a statement on Tuesday.
The
move came just hours after an oil tanker that’s part of a US-military fuel procurement program was hailed by small armed ships in the Strait of Hormuz off Iran’s coast, underscoring renewed risks to maritime traffic in the region.
Precedent for the President: After Republicans Push Clintons to Testify on Epstein, Democrats Warn They'll Haul in Trump (NBC News)
Facing the threat of being held in contempt
of Congress, Bill and Hillary Clinton agreed Tuesday to testify before the House Oversight Committee about convicted sex offender Jeffrey Epstein.
Democrats say Republicans have set a precedent with subpoenas of an ex-president and first lady. "We will follow it ... Donald Trump, all of his kids. Everybody," Rep. Maxwell Frost said.
Hollywood on the Hill: Netflix, Warner Bros. Defend Deal Before Skeptical Senators (Bloomberg)
Netflix Inc. and Warner Bros faced
a skeptical Senate panel Tuesday as their executives defended their $82.7 billion media merger against lawmakers’ concerns about the proposed tie-up and its impact on streaming consumers and Hollywood workers.
Disney Succession: Parks Chief Josh D’Amaro Will Succeed Bob Iger as CEO (Bloomberg)
Walt Disney said Josh D’Amaro will succeed Bob Iger as chief executive officer of the entertainment giant, passing the reins at a key moment in the company’s history and after struggles to find a new leader in the past.
Google Overseas: Alphabet Plots Big Expansion in India as US Talent Path Narrows with Visa Restrictions (Bloomberg)
Alphabet Inc, Google's parent company,
is plotting to dramatically expand its presence in India, with the possibility of taking millions of square feet in new office space in Bangalore, India’s tech hub.
US
visa restrictions have made it harder to bring foreign talent to America, prompting some companies to recruit more staff overseas. India has become an increasingly important place for US companies to hire, particularly in the race to dominate artificial intelligence.
For US tech giants, India offers a strategic workaround to Washington’s tightening immigration regime. The Trump administration has moved to sharply hike the fees for H-1B work visas — potentially to $100,000 per application — making it harder for companies to bring Indian engineers to the US.
Paris Probe: French Prosecutors Raid Elon Musk's X Offices in France (Financial Times)
Elon Musk’s X offices in Paris were raided by French and European investigators on Tuesday, following a public outcry over how its Grok chatbot spread sexualized images of women and children, according to the Financial Times.
The raids came as the UK’s Information Commissioner’s Office (ICO) announced it was launching a new investigation into both X and its sister company xAI, saying it had “serious concerns” about Grok’s use of personal data and “its potential to produce harmful image and video content.”
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