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A major rescue operation was underway after two earthquakes hit Venezuela, bringing down buildings and leaving at least 164 people dead. Photo: Leonardo Fernandez Viloria/Reuters

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A major rescue operation was underway after two earthquakes hit Venezuela, bringing down buildings and leaving at least 164 people dead.

Buildings Collapse as Powerful Earthquakes Rock Venezuela

We we're already deploying a search and rescue teams from Fairfax County, Virginia, and Los Angeles. There'll be some others we'll add. That's their most immediate need right now is search and rescue efforts. They have a bunch of collapsed buildings, and so they'll need a lot of help in terms of digging through that. The airport there is badly damaged, so we'll have to rely on the Department of War to deploy assets there. And then we're also helping them with some overhead imagery, especially in coastal areas where they don't have full visibility over what the damage has been and what the impact has been.

Watch: Buildings Collapse as Powerful Earthquakes Rock Venezuela

President Trump continued his demand that lawmakers pass legislation that would tighten voter eligibility rules before he would sign a bill focused on lowering housing costs. Photo: Jacquelyn Martin/Associated Press

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President Trump continued his demand that lawmakers pass legislation that would tighten voter eligibility rules before he would sign a bill focused on lowering housing costs.

Trump Says He Won’t Sign Housing Bill Without SAVE America Act

Mr. President, you just had a colorful lunch in the Senate.

I did.

Would you be open to a compromised measure that had revisions of the SAVE Act into a reconciliation-

Not really, no. The SAVE Act should be... There's no compromise. It's voter ID, it's proof of citizenship, and it's also the mail-in ballots. We want mail-in ballots for the military, if they're away, we want 'em for people that are ill or people that are in some form handicapped or have a hard time, or people even that are on vacation. I'm open to that. But mail-in ballots, ya have to vote because we have a lotta rigged elections.

If it came to desk, sir, would you veto it?

About what?

If the housing bill that you didn't sign today, if it came to your desk-

No, I said I'm not signing the housing bill. I wanna see what happens with... Look, the housing bill is... I made billions of dollars with housing. I know housing better than anybody, maybe, anywhere. It's all about the interest rate. Lower the interest rates, you can have all the housing you want. But you have to understand, I don't wanna hurt people that own houses too. These people, for the first time in their lives, they have valuable houses. They've become rich. I don't wanna hurt them either.

Sir-

What you wanna do, what's good for everyone: get the interest rates down. We have this numbskull that was the head of the Fed before, and he's a stupid person. And we call him Too Late 'cause he was too late with the interest rates all the time. We need low interest rates. Low interest rates will solve everything, will solve that. Now, despite that, we're doing well with housing. But where we're really doing well is oil is plummeting and costs are coming down. Affordability, we're doing great. The Democrats gave us a tremendous affordability problem, and we're reducing prices a lot.

British Prime Minister Keir Starmer said he would step down after less than two years into a five-year term following a rebellion in his Labour Party. Photo: Henry Nicholls/Agence France-Presse/Getty Images

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British Prime Minister Keir Starmer said he would step down after less than two years into a five-year term following a rebellion in his Labour Party.

U.K.’s Starmer Resigns as Prime Minister

The question my party is asking now is whether I am best placed to lead us into the next general election. I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace. Every decision I've taken has been about putting the country I love first. That is why I will resign as leader of the Labour Party. I have spoken to his Majesty the King this morning to inform him of my decision. I will ask the National Executive Committee of the Labour Party to set out a timetable with nominations opening on the 9th of July and completed by the summer recess. In the case of a contest, this will ensure a new leader is in place before Parliament returns in September. I will remain in post as Prime Minister until the contest is complete, and I will do everything I can to ensure an orderly handover of power. I will also give my successor my full and unequivocal support, knowing that they will inherit a Britain that is far stronger and fairer than the one and I inherited two years ago, better prepared for the challenges ahead and better able to ensure the Labour Party secures a second term in office.

Tensions have recently opened up between Israeli Prime Minister Benjamin Netanyahu, who had urged the U.S. to keep the pressure on Iran, and President Trump, who wanted a way out of an unpopular and costly war. Vice President JD Vance said that Iran isn't getting any benefits that they didn't already have before the Iran Deal, adding that not all of the agreements with the country were put in writing. Photo: Tom Brenner/Bloomberg News

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Tensions have recently opened up between Israeli Prime Minister Benjamin Netanyahu, who had urged the U.S. to keep the pressure on Iran, and President Trump, who wanted a way out of an unpopular and costly war. Vice President JD Vance said that Iran isn't getting any benefits that they didn't already have before the Iran Deal, adding that not all of the agreements with the country were put in writing.

Vance Defends Trump Amid Reports of Criticism from Israel

I saw the "Axios" report, you know, that that Netanyahu is fuming. That's not reflective of the conversations that I've had with him, but maybe he's saying something to somebody else that he's not saying to me. What I will say, and this does bother me, is that you have seen people within Bibi's cabinet who have come out and attacked the deal, and in some ways very personally attacked the President of the United States. And I guess my message to them would be twofold. Number one, Donald J. Trump is the only head of state in the entire world who is sympathetic to the nation of Israel at this moment in time. And he happens to be the head of state of the world's superpower. If I was in the cabinet of the Israeli government, I might not be attacking the only powerful ally that I have anywhere left in the entire world. And the second message I would give to some of those cabinet members, Bibi, to his credit, has not gone down this path, but to some of these cabinet members in Israel who are attacking the President of the United States. The other thing that I would say is that over the last three months, two-thirds of the defensive weapons that have protected your homeland have been built by American hands and paid for by American tax dollars. The problem for Israel is not Donald J. Trump, and anybody in Israel who thinks their biggest problem is the President of the United States needs to wake up and smell the reality of the situation that country is in.

WSJ’s Rolfe Winkler breaks down his exclusive interview with Apple CEO Tim Cook, who said Apple is raising prices on its devices after an “unprecedented” increase in the prices and availability of memory chips. Photo: David Paul Morris/Bloomberg News

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WSJ’s Rolfe Winkler breaks down his exclusive interview with Apple CEO Tim Cook, who said Apple is raising prices on its devices after an “unprecedented” increase in the prices and availability of memory chips.

Here’s Why Apple CEO Tim Cook Says Prices Will Have to Increase

Apple has a problem. It's so bad that Tim Cook is calling it a 100-year flood. The price for tiny but critical components buried inside our electronics is skyrocketing, specifically, memory and storage chips. And Tim Cook told me it's going to force Apple to raise prices. I spoke with the outgoing Apple CEO in an exclusive interview about the company's plan to adjust to this new reality. Cook told me in a phone interview that the company's planned price increases are unavoidable, and while Apple has tried to mitigate increased costs, the situation, he said, has become unsustainable. So, why is this happening now? Chips have gotten faster and cheaper every couple years, powering a new technology revolution every decade or so. But in the last few months, that magic formula has reversed. That's because the prices for memory and storage chips, which are inside virtually every computing device, have suddenly skyrocketed. Apple's latest warning is remarkable because it's been the biggest buyer of storage since the days of the iPod, and also a giant buyer of memory. But now there's a new competitor in town. Artificial intelligence. AI companies are flooding the memory and storage market with money and securing much of the supply. Suddenly, Apple no longer has the leverage to push the storage and memory makers for the lowest prices. It has to wait in line. And here's the thing most people don't realize about how Apple makes its money. Storage in particular isn't just a cost that Apple passes along to you. For two decades, upselling extra storage in iPhones, iPads, and Macs has been a major source of profits for Apple. What Cook told me on our call is that Apple has already been absorbing higher costs, but now it is swinging over to option two, price increases. Cook didn't say how much prices will increase or when or on what products, but to give you an idea of the scale, research firm Tech Insights says the cost of memory and storage inside last year's iPhone 17 Pro was $50. The cost for the same components in the upcoming iPhone 18 Pro? Around $200. Now, the good news for Apple is that it's in a better position than less profitable companies who have little cushion to absorb the higher costs. Every company that buys memory and storage is affected. Morgan Stanley estimates that to fully cover rising memory costs, smartphones would need to get about 34% more expensive. Laptops and PCs? Around 67%. Other companies are saying this is worse than tariffs, worse than the chip shortage during the pandemic. So, this isn't just an Apple story, it's a tax on basically everything with memory and storage chips, and few consumers realize this wave is coming.

Kevin Warsh held his first meeting as Federal Reserve chairman where he acknowledged the growing economic burden on Americans and promised to deliver price stability. Photo: Eric Lee/Reuters

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Kevin Warsh held his first meeting as Federal Reserve chairman where he acknowledged the growing economic burden on Americans and promised to deliver price stability.

Fed Holds Rates Steady While Acknowledging High Prices for Americans

As you saw a few moments ago, the committee decided to maintain the target range for the Fed funds rate at 3 1/2 to 3 3/4% in support of the Fed's dual mandate. The committee also reaffirmed its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a solid pace, despite elevated uncertainty that owes in part to the conflict in the Middle East. Productivity growth and capital investment, both strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little. We recognize that inflation has been running well ahead of the Fed's long-stated inflation goal of 2%. That's been going on for more than five years. Persistently high prices are a burden for the American people, but the recent past need not be prologue. I am pleased to report that members of the FOMC are unambiguous and unanimous. This committee will deliver price stability.

Video from around the world on the latest news developments, with insight from Wall Street Journal editors and reporters. 

In a speech at the G-7 summit in France, Trump said he was giving Iran 60 days to negotiate their agreement, or the U.S. would resume bombing. Photo: Abd Rabbo Ammar/Abaca/ZUMA Press

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In a speech at the G-7 summit in France, Trump said he was giving Iran 60 days to negotiate their agreement, or the U.S. would resume bombing.

Trump Gives Iran 60-Day Window to Negotiate Agreement

It's a memorandum of understanding. If it doesn't get done in 60 days, that's all right, we go back to bombing. You know, I don't wanna do that because it's so good, but we might have to because we're never gonna let them have a nuclear weapon. But they've agreed not to, and you'll see that very clearly in the agreement.

Vice-President JD Vance said in an interview Monday that the Gulf states ‘love’ President Donald Trump’s deal with Iran, the details of which may be released before Friday. Photo: Charles Sykes/Invision/Associated Press

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Vice-President JD Vance said in an interview Monday that the Gulf states ‘love’ President Donald Trump’s deal with Iran, the details of which may be released before Friday.

JD Vance: Gulf Arabs ‘Love’ Trump’s Deal, ‘Hate’ Obama’s JCPOA

A lot of people are questioning, why not release the memorandum of understanding you said it will happen this week?

Correct. And what the president has said is the agreement will come out on Friday. He may decide to release the agreement sooner than that. But we have this formal ceremony on Friday, and that's when the president, right now, wants to release the memorandum. The agreement says they're not getting a single dime of American money. That's just not what this is. what the agreement does say, Sean, is again, if the Iranians behave and if there are sanctions relief, and if the Iranians are integrated into the world economy, we would invite other countries, not us, but other countries to invest in their country, that's fine, but only if they comply with the terms of the agreement.

Obama took a shot and said, "I don't think this deal is any better than the deal we had before." The JCPOA was dramatically different than what you were describing here tonight.

And I'd ask the former president, I'd say, "Obama, why in the world if it's the same thing, why is it that the Gulf Arabs hated your deal and they love our deal?" They are the ones who are in the region. They know what it means to enrich the worst terrorist regime in the world, and they also know what it means to turn over a new leaf and to go to a different future. So I think President Obama, he should acknowledge that the people who are closest to this, they love the Trump deal, they hate the Obama deal. And that's maybe the biggest endorsement of this plan.

JD Vance: Gulf States ‘Love’ Trump Iran Deal

President Trump is meeting with leaders of the G-7 countries at a summit in France, having just announced a peace deal with Iran. Photo: Ludovic Marin/Pool/Reuters

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President Trump is meeting with leaders of the G-7 countries at a summit in France, having just announced a peace deal with Iran.

Trump: Strait of Hormuz Will Be Completely Open on Friday

The Strait is already partially opened. As you know, they're doing a little hunting for a couple of mines that they've already found, but it's essentially, ships are starting to go out now. On Friday, it'll be completely opened. We got along very well with Iran. It's a different set of leaders. As you know, the first set is gone, the second set is gone, and we found the third set to be very smart, strong, very smart. But we ended up making a deal. I felt badly that we had to go back on the attack for two nights, and I thought a third, but we made it before that happened. But I think a lot of great things are gonna happen in the Middle East right now.

A massive plume of smoke was seen in the skies over Edwards Air Force Base in Southern California. Photo: KTTV

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A massive plume of smoke was seen in the skies over Edwards Air Force Base in Southern California.

B-52 Bomber Crashes at California Air Base

WSJ’s Becky Peterson reports from the Nasdaq where Elon Musk’s SpaceX launches the largest IPO in history. Photo: NASDAQ

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WSJ’s Becky Peterson reports from the Nasdaq where Elon Musk’s SpaceX launches the largest IPO in history.

Musk’s Space X Goes Public: What Makes This IPO Different

I'm standing outside of the NASDAQ Stock Exchange where Elon Musk is taking SpaceX public in the largest IPO of all time. Here's what's truly unique about this IPO. Musk has raised close to $75 billion in the deal that would make him the world's first trillionaire. SpaceX priced its IPO at $135 per share. That's roughly twice its valuation from six months ago. So the company is now worth $1.77 trillion, and that could grow when the stock starts trading. But it's not just the size of this IPO, it's also the high number of shares going to retail investors. Musk chose to sell several times the difficult amount of shares to retail investors. That's because Musk has a massive following with everyday traders. In a typical IPO, only 5 to 7% of shares go to individual investors. At Tesla, around a third of shares are held by these individual investors. The IPO market is making a comeback after a year's long dry spell. Both Anthropic and OpenAI are looking to go public later this year. How SpaceX performs today could give us an indication of investor appetite for these unprofitable AI companies. There's a big question of if we're in a bubble or if these companies can retain their value.

Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.

President Donald Trump says the deal with Iran’s ‘more rational’ new leadership is close, and that the Supreme Leader has signed off on the agreement. Photo: Jim Lo Scalzo/EPA/Bloomberg News

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President Donald Trump says the deal with Iran’s ‘more rational’ new leadership is close, and that the Supreme Leader has signed off on the agreement.

Trump: Iran’s Supreme Leader Has Signed Off on No-Nuclear Deal

The strait will officially open as soon as we sign, which could be soon, very soon, maybe over the weekend in Europe.

Mr. President, on Iran, how confident are you that there will be a signing this weekend because you have come close to sealing a deal, but at the last minute, it has fallen apart. And-

It'll be soon. Maybe this weekend.

And has the Supreme Leader approved this deal, sir?

I understand the answer is yes.

And when this deal is signed, is the United States going to immediately lift the blockade?

Yes, that's true. That's part of the deal. And you'll have oil prices dropping like Iraq.

Has Iran committed to not pursuing a nuclear weapon or will there be more negotiations on that down the line?

They will not have a nuclear weapon. They've agreed to that. There will be no, which is the whole reason, which is a big part of the reason.

They will not only not have, they will not purchase, develop in any way, any shape, in any way, shape or form, a nuclear weapon. They will not have a nuclear weapon.

Mr. President, just on that, you have said before that Iran and the United States were close to a deal. It has not happened yet. Why are you so convinced that this time is different?

Because they've taken a pounding. They've taken a pounding like very few people could take, and they wanna make the deal a lot more than I do. And we could have had it done the other way, I guess, but it would've taken longer. They got hit very hard recently, as you know. And I don't like to have to do things that way, but I felt it was necessary. It's a great deal for the United States and for the Middle East. And I think ultimately great for Iran because they'll be able to build up their country and other country. I really believe it's a regime change because I find these people to be much more rational than the people that are no longer with us. We knocked out the first team of leadership. The second team of leadership is a different group. There's a different level and I think it's a, frankly, a smarter level and it's a level that has reason and they've all approved the deal. Everybody's approved the deal. Now we'll get it finished up and hopefully that'll be done.

President Trump says he has an agreement with Iran to end the war, but that the final details still need to be completed in the coming days. Photo: Shawn Thew - Pool Via Cnp/Shawn Thew/Pool/Cnp/ZUMA Press

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President Trump says he has an agreement with Iran to end the war, but that the final details still need to be completed in the coming days.

Trump Says Peace Deal Could Be Signed in ‘Next Few Days’

We just made a great settlement of the war with Iran. And we're gonna be subject to finalization of documents, which should get done over the next few days. We'll probably have a signing maybe in Europe. And it's a great thing. Stock market's up a thousand points. That means they like the deal. See that means the market goes down, that means they don't like the deal, but it's been up. Oils dropped. Oil will start coming down too. I think even lower than it was before. I said I was in Iowa, it was $1.85 cents a gallon. I don't know if we're gonna get there, but we're gonna get pretty close. It's gonna come down, and when oil comes down, everything else comes down. And most importantly, we have a deal that Iran will never have a nuclear weapon, which was the whole purpose of what we had to go through to get this. So it was a big, very big thing. But we have a signing soon and the documents are in pretty final shape. So we'll see. We'll see. Very good. Should be done. That should be done pretty quickly. They want it every bit as much as everybody else wants it.

President Donald Trump spoke in the Oval Office about the waves of American strikes against Iran after it downed an U.S. Apache helicopter. Photo: Aaron Schwartz/POOL/EPA/Shutterstock

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President Donald Trump spoke in the Oval Office about the waves of American strikes against Iran after it downed an U.S. Apache helicopter.

Trump on Iran Strikes: 'We’re Going to Hit Them Again Hard Today'

We hit 'em hard yesterday and we're gonna hit 'em again hard today in case you miss it, in case you don't turn on your television set. And we'll see what happens with the deal. We were really close to a deal, but they keep tapping us along. They keep playing us for suckers because you know what? They dealt with some very stupid presidents. I have to say that I'm embarrassed to say it.

Graham Platner thanked the crowd after winning Maine’s Democratic primary, calling for change and 'a government that actually serves its people.' Photo: Cj Gunther/Getty Images

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Graham Platner thanked the crowd after winning Maine’s Democratic primary, calling for change and 'a government that actually serves its people.'

Graham Platner Win Sets Up Susan Collins Race in Maine

If you believe as I do that we can change our politics and change our country, then you must also believe that people can change. And the reason I believe that is because I have lived it. And the reason that I have lived it is because of my wife. Over the last nine months, I have seen Mainers come together behind a vision to take back our power from corporations and billionaires. I love every single one of you, everyone who has shown up at a town hall, who has knocked on a door, who cast their vote, not for me, but for a vision of a life in Maine that you can afford. You have built the most powerful grassroots movement in the history of this state. This is because of you. And when we finally defeat Susan Collins, that will be because of you too.

Chinese President Xi Jinping traveled to Pyongyang for his first summit with Kim Jong Un in nearly seven years, as Beijing seeks stronger ties with North Korea while its treaty ally moves closer to Russia. WSJ's Tim Martin examines the relationship. Photo: Str/KCNA VIA KNS/Agence France-Presse/Getty Images

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Chinese President Xi Jinping traveled to Pyongyang for his first summit with Kim Jong Un in nearly seven years, as Beijing seeks stronger ties with North Korea while its treaty ally moves closer to Russia. WSJ's Tim Martin examines the relationship.

China’s Xi Jinping Makes Rare Visit to Meet Kim Jong Un. Why Now?

This is Xi's first trip to Pyongyang in nearly seven years, and this marks a very significant time in China-North Korea relations. In recent weeks, he's met President Trump, Vladimir Putin. This signifies not only the to-dos on China's side, but it also signifies the rise of North Korea. Xi and Kim met last fall for a military parade in Beijing. Kim, it was a surprise that he had gone to China. Kim Jong-Un has drawn very close to Russian leader, Vladimir Putin, in recent years. Pyongyang is a key supplier of munitions. It sent troops to the Russian front lines. This makes China uncomfortable. China wants stability in the world.

North Korea pulled out all the stops, red carpet treatment for Xi, and that really points to how important the relationship is between North Korea and China. Xi has multiple objectives for this visit to North Korea. He wants to cooperate, collaborate, most importantly, he wants control. Ahead of Xi's visit, he had an editorial run in North Korea's main newspaper where he called for more multipolarity, more stability across the world. This shows how important North Korea is to that new global order. North Korea has nuclear weapons, its economy is thriving. Right before Xi came to Pyongyang, Kim was visiting a munitions factory in North Korea, and this is just the latest sign of the world's inability to reign in Kim Jong-Un's weapons, dreams, and desires. He has a nuclear arsenal that's growing. He has weapons that target South Korea and Japan, the US' big allies in the region, in an unfettered way. Pyongyang doesn't just have to take messages from Beijing at this point. This is the challenge for Xi during this visit. Can he convince North Korea to stop doing the things that give China unease, like supplying Russia's war machines, sending troops to the Russian front lines, openly flouting sanctions, refusing to meet with Donald Trump unless nuclear weapons are off the table. We're in a moment now where the US-led world order is being questioned. Increased collaboration between China, Russia, Iran, and North Korea has been a major concern by the US and the West. During Trump's first term, he met three times with Kim Jong-Un. He had nuclear summits in Singapore and Vietnam. There was a third meeting at the Korean DMZ. But the US and North Korea have not held formal talks in more than six years. Xi and Trump just met a few weeks ago in Beijing, and Trump has repeatedly stated a desire to meet again with Kim Jong-Un. China would like North Korea to see the merits of having diplomacy with the US, but Pyongyang has made itself very clear. Its status as a nuclear state is irreversible. And this is where the Russia relationship to Kim Jong-Un is key. Vladimir Putin is willing to give Pyongyang things that Xi and China would not, and that includes know-how on all types of weaponry that North Korea is looking to advance. North Korea does not like that it is so reliant on China and any way to diversify its relationship, economically, politically, or militarily, is welcomed by Pyongyang. Xi recognizes and perhaps is uncomfortable with how close North Korea and Russia have gotten. Once Xi Jin Ping leaves North Korea on Tuesday, the US and the West will be very focused to see how much influence did he actually have on North Korea and Kim. They know he's got sway, but we'll have to see how much in the weeks and months ahead.

President Trump was loudly booed by NBA Finals fans at Madison Square Garden and Bryant Park when he appeared on the big screens during the national anthem and again after halftime. Photo: Saul Loeb/Agence France-Presse/Getty Images

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President Trump was loudly booed by NBA Finals fans at Madison Square Garden and Bryant Park when he appeared on the big screens during the national anthem and again after halftime.

Trump Booed During National Anthem At NBA Finals Game 3

The powerful earthquake struck off the coast of the island of Mindanao, destroying buildings and prompting a tsunami threat across the wider region. Photo: Deped Mahayahay Elementary Schoo/Handout/Reuters

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The powerful earthquake struck off the coast of the island of Mindanao, destroying buildings and prompting a tsunami threat across the wider region.

Watch: The moment 7.9-Magnitude Quake Hits Mindanao in Southern Philippines

Watch: The moment 7.9-Magnitude Quake Hits Southern Philippines

President Trump said he’d be 'honored' to meet Ayatollah Mojtaba Khamenei if it helped end the Iran conflict, then suggested Cuba could be his next challenge. Photo: Samuel Corum/Sipa/Bloomberg News

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President Trump said he’d be 'honored' to meet Ayatollah Mojtaba Khamenei if it helped end the Iran conflict, then suggested Cuba could be his next challenge.

Trump: I’d Be ‘Honored’ to Meet Iran’s Supreme Leader to Make a Deal

I don't want to meet, but if I did meet, I'd be honored to meet him. I'd like to see if we make a deal. But if we make a deal, it's possible that I would meet him. I'd be okay with it.

Do you think because Epic Fury killed his dad and his wife and his kid, that he's got hard feelings and wouldn't want to meet?

Well, I would say I'm not his favorite person. But with that being said, he's probably a profe-, I don't know, he's probably a professional. In some circles, he has a very good reputation, actually. You know, sometimes some people say bad, but a lot of people say bad about me. It's totally false, of course.

Do you think that Cuba is close to collapsing?

It sort of collapsed. And we're going to handle that as soon as we've finished. I'd like to do one thing at a time, and we'll take care of the Islamic Republic of Iran. And as soon as that's done, on our way back, we'll just make a little brief stop off.

Mr. President, Mr. President.

We'll take care of it.

During a hearing on Capitol Hill, Acting Attorney General Todd Blanche said that the DOJ is not moving forward with President Trump's ‘Anti-Weaponization Fund.' Photo: Andrew Harnik/Getty Images

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During a hearing on Capitol Hill, Acting Attorney General Todd Blanche said that the DOJ is not moving forward with President Trump's ‘Anti-Weaponization Fund.'

Acting AG Blanche Says Trump's 'Anti-Weaponization' Fund Is Dead

Mr. Attorney General, I wanted to ask a few questions about the anti-weaponization fund. We know that the department has agreed to pause this effort until at least June 12th. I wanted to ask what your plans were for the fund after June 12th.

So, thank you. So, look, we're not moving forward with the fund. You're right that there's a date in the case in the Eastern District of Virginia in June, but we are not moving forward with the fund, period. The reasons for the fund is something that President Trump talked about for a long time, which is the fact that there were a lot of people in this country who had their government weaponized against them. The reasons for the fund, I think, remain as important as they were before, but we are not moving forward with the fund.

Not moving forward ever?

Correct.

Oh. There's no more fund then?

Well, to the extent there was a fund, and remember, the fund wasn't set up yet. There were no commissioners named. There was no claimants brought anything in front of... There was no claims made yet. So yes, we're not moving forward with the fund.

You and Associate Attorney General Woodward signed earlier documents regarding the settlement and this fund. Would both of you now sign and release documents reversing the DOJ's position on the fund?

I'm not, we're not moving forward with the fund. I'm not sure what that means to sign documents reversing, there's nothing to reverse. We're not moving forward with the fund.

We know about the court case, the decision, when we've heard press reports, obviously, but is there any way that you could put this in writing? I don't know if there are other ways that you could use another vehicle to move forward with a similar fund or similar intention, and we just want to reassure the American public. We've heard from both Republicans and Democrats, constituents, and Americans across the country about this fund, and I think they would love to be reassured that this fund will not progress.

I'm telling you, it's not. I guess I'm not sure. I'm not trying to be flippant with you, I'm just saying, I'm telling you it's not. I'm not... That there's a... We put out a statement yesterday. There's been an injunction, a temporary injunction filed in EDVA, there's litigation in DC, there's litigation in the Southern District of Florida. But notwithstanding what we do in those litigations and defending our rights and making sure our rights are protected, we're not moving forward with the fund.

Okay. Yeah, the statement I thought was just about until June 12th. So if it won't progress after June 12th, that's great to hear, and we hope to see this in writing.

I mean, I think there'll be a transcript of what I say here, so that will be in writing.

Hey, well, we will work with you and hold you to it. Thank you very much.

A huge fireball engulfed a Blue Origin rocket during testing near Cape Canaveral in Florida. There were no injuries or fatalities reported. Photo: @JConcilus/Associated Press

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A huge fireball engulfed a Blue Origin rocket during testing near Cape Canaveral in Florida. There were no injuries or fatalities reported.

Watch: Moment Blue Origin Rocket Explodes

Treasury Secretary Scott Bessent said in a press conference Thursday that a deal with Iran is contingent on the opening of the Strait of Hormuz and Iran agreeing to turn over its highly enriched uranium. Photo: Jacquelyn Martin/Associated Press

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Treasury Secretary Scott Bessent said in a press conference Thursday that a deal with Iran is contingent on the opening of the Strait of Hormuz and Iran agreeing to turn over its highly enriched uranium.

Secretary Bessent on Iran Deal: There Are Several Red Lines

The teams have been going back and forth and President Trump has made it very clear, he talked about it at the cabinet meeting, that he has several red lines, and Iran has to turn over their highly Enriched Uranium. They cannot pursue a nuclear weapon. And the Strait of Hormuz, back to your question on energy, has to free transit, navigation of the seas has to be free and open as it was before. So he's not gonna take a bad deal. He's gonna make a great deal for the American people. Again, it is a multifaceted agreement and nothing is going to be on the table until we see the Strait of Hormuz open and the Iranians agree that they have to turn over the highly Enriched Uranium and that they can't have a nuclear program. And to be clear here that this administration, President Trump has done something that no other administration is able to do. We have gotten the Iranians to talk about their nuclear program and to perhaps commit to not having one. That has never happened before. It had been off the table. So I think, you know, when you look at the results of the kinetic action of our economic pressure, it has worked to bring them to the table and have a discussion on this.

President Trump on Wednesday called on Saudi Arabia, the U.A.E., Qatar and Kuwait to join the Abraham Accords. Photo: Samuel Corum/Pool/Cnp/ZUMA Press

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President Trump on Wednesday called on Saudi Arabia, the U.A.E., Qatar and Kuwait to join the Abraham Accords.

Trump: Middle Eastern Countries 'Owe It to Us' to Join Abraham Accords

I would like to have the countries we were talking about, Saudi Arabia, UAE, Qatar, and the others, we'd like to have them immediately join. And Steve Witkoff is working on that with Jared and some others, but would like to have them join the Abraham Accords. It'll be historic if they do it. And I think they owe that to us, to be honest. I think, 'cause that really would be a tremendous sight. And I think those countries owe it to us.

How many-

Mr. President.

Steve, are you gonna get them to sign?

We're definitely pushing it, Mr. President.

I'm not sure, I'm not sure we should make the deal if they don't sign. Do you wanna know the truth? If they don't sign to join the Abraham Accords, I don't know that we, you know, we have countries in there already, UAE, great, great countries, bold countries. And it's turned out to be so good, so effective. And so we're, you know, requesting strongly that they join. It'll be great. It'll be great for Saudi Arabia, be great for Qatar and Kuwait, the whole group.

So the Iran deal might be contingent on more countries joining the Accords?

I don't wanna say that. I'm not gonna give you, you know, what's contingent, what's not. I can say that we can make a good deal right now, but maybe not a great deal. And if it's not a great deal, we're not making it.

President Trump said Iran has no choice but to make a deal with the U.S. at a White House cabinet meeting on Wednesday. Photo: Win McNamee/Getty Images

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President Trump said Iran has no choice but to make a deal with the U.S. at a White House cabinet meeting on Wednesday.

Trump on Iran: 'They're Negotiating on Fumes'

Iran. Iran is very much intent, they want very much to make a deal. So far, they haven't gotten there. We're not satisfied with it. But no, we will be. We will be. Either that or we'll have to just finish the job, but their Navy is gone, as I've said a thousand times their Navy is gone. Their Air Force is gone, everything's gone, and they're negotiating on fumes. But we'll see what happens. Maybe we have to go back and finish it. Maybe we don't. Right now, I mean, you can speak to Steve Witkoff and Jared. They're doing a good job. But right now I think it looks like they want to just make a deal. They want to, they have, I don't think they have a choice. They're just going back to the internet because they're getting clobbered, their economy is in free fall. They have 250% inflation. Their money has no value and their whole economic system is broken down. They thought they were gonna out wait me, you know, we'll out wait him. He's got the midterms, I don't care about the midterms. Look what happened last night. That was the prelude to the midterms. People understand it. They know that, very simple, Iran cannot have a nuclear weapon. I'm doing that for the world, I'm not doing it just for us.

Starship V3, a centerpiece of the SpaceX pitch to investors as it prepares an initial public offering, launched successfully from a new launchpad at its Starbase facility in southern Texas. Photo: Steve Nesius/Reuters

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Starship V3, a centerpiece of the SpaceX pitch to investors as it prepares an initial public offering, launched successfully from a new launchpad at its Starbase facility in southern Texas.

SpaceX's Upgraded Starship V3 Rocket Blasts Off

Minus 10, nine, eight, seven, six, five, four, three. Ignition. We have liftoff.

50 down range.

Booster Raptor, chamber pressure nominal.

All right, we are T plus 30 seconds into flight, seeing 33 out of 33 Raptor 3 engines on booster V3, ascending over the Gulf now, coming up on maximum aerodynamic pressure.

Booster and ship avionics power telemetry nominal.

Systems looking good. We're just passing through the period of maximum dynamic pressure. Little over a minute into flight now. Vibrations chilling out here at Star Factory, as we continue to watch Starship Flight 12 arc out over the Gulf. The next major thing coming up is going to be hot staging.

Successful flip.

Oh!

A pioneer of ‘radical transparency’ just sold to Shein, the titan of ultrafast fashion. WSJ breaks down the fierce customer backlash and what it means for the future of ethical millennial brands. Photo Illustration: George Downs

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A pioneer of ‘radical transparency’ just sold to Shein, the titan of ultrafast fashion. WSJ breaks down the fierce customer backlash and what it means for the future of ethical millennial brands.

Why Everlane’s Sale To Fast-Fashion Giant Shein Is Rattling Customers

For years, Everlane stood as the poster child for a new kind of retail. It promised high quality, ethically made basics positioned as the perfect middle ground between cheap mall brands and luxury, and built around something called radical transparency.

They would tell you basically everything you wanted to know and probably some stuff you didn't about how your clothing was made, where it came from and what it cost.

But now Everlane has been acquired by ultra-fast fashion giant Shein. For a brand built on transparency, the news is sending shock waves across the industry.

It makes me really sad. I loved Everlane. I was in love with Everlane.

It begs the question, did Everlane ever actually care about sustainability? Something's not adding up.

So what does this mean for the company and the larger retail category?

So Everlane was one of the first really successful direct-to-consumer apparel companies. The name of the game was sort of simplicity and ease. It was you could wear it all together in any sort of combination, it would all look pretty good.

So impressed with the quality and the price point. And now I know that I do love you, Everlane.

Everlane was one of a number of companies that didn't necessarily make tech products, but styled themselves in the manner of tech companies. And that extended to the amount of money they raised and the way they chased scale. Everlane was miles ahead of lots of other companies in terms of how efficiently they were able to sell close to customers over the internet. This was only 10 or 15 years ago, but that was something that wasn't as easy as it is now.

But in recent years, it started to face some challenges. The brand continued to expand even as that meant accumulating more and more debt. And this presented an opportunity for Shein.

Shein is a Goliath in this business. They have sort of exploded onto the scene and are selling clothes like gangbusters. And their superpower is their ability to really rapidly produce clothes that match the trends that they see online and that young people are interested in.

By undercutting traditional giants like H&M and Zara, Shein built an empire.

But Shein has a pretty checkered reputation in the fashion industry.

The company has become a lightning rod for controversy, drawing scrutiny from environmental watchdogs and global regulators. Despite that, it continues to dominate fast fashion.

I think ultimately consumers wind up voting with their wallets and especially at a moment where things are more expensive than they've ever been, I don't think it's a surprise that we're seeing folks gravitate toward cheap, disposable fashion.

Shein didn't respond to requests for comment. In a written statement, Everlane's CEO said, "The company will remain an independent brand, staying true to our longstanding brand values." But the fallout stretches far beyond the one brand. It raises major questions about the future for a whole generation of internet startups.

We've seen a lot of brands that I would consider peers of Everlane either sell to larger companies that can help them scale with meaningful, you know, strategic know-how and distribution, or we've seen them go by the wayside. Allbirds is another company that, like Everlane, was based in the Bay Area and wanted to sell you sneakers that would make you feel really good about your purchase and that were made the right way, and they have pivoted to artificial intelligence. To my mind, Everlane's sale marks the end of a moment where as long as we picked the right brand, we'd be able to make the world a better place.

Why Everlane’s Sale to Fast-Fashion Giant Shein Is Rattling Customers

News moves fast, and there's not always time to untangle the complex forces driving the day's biggest stories. WSJ Explains breaks down big market moves, business and economic trends, and scientific developments to help you stay ahead of the curve.

The U.S. indicted Raúl Castro, Cuba's 94-year-old former president and an icon of the Cuban Revolution, on murder charges and imposed new sanctions on its military leadership. Photo: Julia Demaree Nikhinson/Pool/Reuters

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The U.S. indicted Raúl Castro, Cuba's 94-year-old former president and an icon of the Cuban Revolution, on murder charges and imposed new sanctions on its military leadership.

Marco Rubio: Cuba Has Always Posed a National Security Threat

Cuba not only has weapons that they've acquired from Russia and China over the years, but they also host Russia and Chinese intelligence presence in their country, not far from where we're standing right now. So, Cuba has always posed a national security threat to the United States. They, by the way, have been one of the leading sponsors of terrorism in the entire region.

President Trump said there will be no escalation in Cuba and that the country is ‘falling apart,’ speaking after the island nation’s former president Raúl Castro was charged with murder by U.S. prosecutors. Photo: Chip Somodevilla/Getty Images

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President Trump said there will be no escalation in Cuba and that the country is ‘falling apart,’ speaking after the island nation’s former president Raúl Castro was charged with murder by U.S. prosecutors.

Trump on Castro Indictment: 'We're Freeing Up Cuba'

We have a lot of expertise in Cuba, and it's not gonna be like the biggest thing we've ever done, but I will tell you to a lot of people, it's gonna be one of the most important. They've been looking for this moment for 65 years, so we'll see what happens. But we're gonna, in the meantime, we're gonna have to help 'em out. They have no way of living. They have no food. They have no electricity. They have no energy at all, but they do have great people. There are a lot of great people. I mean, I have so many Cuban friends in Miami, mostly in Miami and Florida, and they're unbelievable people. They're unbelievable entrepreneurs, and they'd like to go back. I think they, hopefully they're gonna wanna live here, but they want to go back. Maybe they'll invest. We'll see what happens, but we're freeing up Cuba. Mr. President, how much longer do you anticipate the embargo having to be in place on Cuba?

We'll see. We'll be announcing it pretty soon.

It's on the table here, Mr. President. Should we expect any escalation here, or should they expect it?

Cuba?

Yes.

No. No, you won't. There won't be escalation. I don't think there needs to be. Look, the place is falling apart. It's a mess. And they've sort of lost control. They've really lost control of Cuba.

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