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The Latest Breaking News from Elizabeth Warren

'When I give my savings to Elon Musk...' Senator Elizabeth Warren trolled for demanding wealth tax on world's first trillionaire

Senator Elizabeth Warren was royally trolled as she called for a wealth tax on Elon Musk after Musk became the world's first trillionaire after SpaceX's Nasdaq debut. "Elon Musk just became the world's first trillionaire. The typical American household would have to work more than 11 MILLION years to make…

The Times of India

SpaceX Raises Record $75 Billion IPO Despite $5 Billion Loss and Overvaluation Warnings: 'A Leap of Faith'

SpaceX's record-breaking $75B IPO at a $1.77T valuation sparks debate over its true worth, as analysts and political figures express concerns about overvaluation and governance ahead of its Nasdaq debut.

International Business Times UK

SpaceX heads for record $1.78tn float amid fears it is overvalued

Analysts say IPO that could make Elon Musk the world’s first trillionaire has a ‘major disconnect’ on price

The Guardian - UK

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"The pitchforks are here": Billionaires work to contain AI's populist revolt

Tech titans are keenly aware that the politics of extreme wealth could turn dangerous fast.

Axios

Inside the Democratic resistance on AI

Five influential progressives are shaping a confrontational Democratic message on AI.

Axios

Democrats’ key to a Senate take-back is mired in scandal as party leaders brush off claims of abusing women and racist tattoo

ANALYSIS: The dead-heat race between Susan Collins and Graham Platner just got a new wrinkle amid a slew of fresh news reports about a Maine oysterman’s treatment of women, as well as his infamous “Totenkopf” tattoo. Eric Garcia reports on the effect of it all on Democrats’ chances to flip…

The Independent UK

Sam Altman, Mark Cuban and Elizabeth Warren are wrong: the tax code doesn't need an apocalypse clause

AI-specific taxes on tokens and compute — and billionaire-backed worker displacement funds — would break the resilience of the tax code through history.

Fortune

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Bitcoin falls to $61,000, down more than 25% this month as long-term holders sell

Bitcoin has fallen to its lowest level since February, dropping more than 25% this month, as long-term holders liquidate billions in holdings and efforts to advance US crypto regulation face uncertainty in Washington.

Euronews

Bernie Sanders wants Americans to own a piece of AI. The Trump White House seems to agree

When the grid was electrified in the 1930s, it left landowners wealthy and the rest with nothing but displacement. Bernie Sanders doesn't want that to happen again.

Fortune

As scandal rocks Maine Democrat another seat in the heart of Trump country may be do-or-die

ANALYSIS: The former swing state turned scarlet red. Now, reports Eric Garcia, Democrats feel they have a chance in the Hawkeye State thanks to Trump’s tariffs

The Independent UK

Who Are The Democrats Taking a More Confrontational Stance On Artificial Intelligence

Progressive Democrats argue that AI may be sold as innovation, but its benefits could flow to a small group of billionaires while workers, consumers, and communities carry the costs.

International Business Times

Maine Senate hopeful’s wife breaks silence on ‘Sexting’ claims as campaign rocked by fresh scandal

This marks the latest controversy to embroil the Maine Democrat’s high-stakes Senate campaign

The Independent UK

Peter Navarro Accused of Ramming $600 Million Pentagon Loan to Startup Tied to Donald Trump Jr

A White House adviser facilitated a record Pentagon loan to a Trump Jr.-backed startup, raising conflict-of-interest concerns. The deal's rapid approval and connections to the Trump family are under scrutiny.

International Business Times UK

A Reprieve for Build-To-Rent

The House passes a housing bill that protects build-to-rent development while still cracking down on large investors.

Reason

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Roll Call

Hantavirus, Ebola highlight political division over disease

The Trump administration’s shake-up of the United States’ public health apparatus in the wake of the COVID-19 pandemic has public health experts concerned about the country’s ability to respond to emerging disease outbreaks like hantavirus and Ebola. Whether that’s a concern for Congress, however, often depends on the member’s party…

The Independent UK

Democrats eyeing 2028 bids are turning to a progressive flagbearer to strengthen their left-wing credentials

ANALYSIS: Massachusetts senator’s influence is currently boosting Mallory McMorrow in Michigan’s contentious Democratic primary proxy fight, writes John Bowden

International Business Times

Congress Democrats Grill Treasury Secretary About Trump's $1.8B Anti-Weaponization Fund

Democrats on the Senate Finance Committee asked Treasury and IRS officials to explain their role in an "Anti-Weaponization Fund" for people who claim they were wrongly targeted by the Biden administration.

Reason

Bankrolling the Nation

Plus: Iran, hooters, DoorDash oppression, and more...

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Roll Call

House passes housing bill still at odds with Senate version

The House voted 396-13 to pass housing legislation Wednesday after two key senators said the House bill would need work to pass the Senate. The House vote on the measure was procedurally to adopt a resolution concurring in a Senate amendment, a move that effectively swapped in House text to…

International Business Times UK

Trump Establishes $1.7 Billion Fund With Taxpayer Money to Pay Jan 6 Defendants and Political Allies

President Trump proposes a $1.7 billion fund to compensate allies and Capitol attack defendants, bypassing Congress and raising ethical concerns over its lack of oversight and transparency.

International Business Times UK

Trump Bought Nvidia Stock One Week Before His Own Government Approved a Billion-Dollar Nvidia Chip Deal With China

Donald Trump's Nvidia stock trades have raised ethics concerns due to their timing with regulatory decisions, prompting calls for a presidential trading ban amid national security worries.

Kiplinger

The Hidden Credit Report Crisis That Could Cost You Thousands

Here's how to protect your credit health when no one else wants to.

The Economic Times

Democrats accuse Trump of stock trade corruption

Democrats accuse President Trump of corruption following revelations of significant stock market transactions in his name, including Nvidia shares. His son, Eric Trump, denies any wrongdoing, stating all assets are in a blind trust. The transactions, totaling over $200 million, involve major corporations and have drawn sharp criticism from political…

Roll Call

Senate Banking approves crypto market structure bill

The Senate Banking Committee voted Thursday to approve, mostly along party lines, legislation that would set the rules for the operation and oversight of digital asset markets, advancing a landmark bill the panel has been working on since last summer. Months of negotiations between Republicans and Democrats resulted in only…

The Independent UK

Trump says Xi is ‘very tall’ and out of ‘central casting’ because people in China ‘tend to be a little bit shorter’

‘If you went to Hollywood and you look for a leader of China, to play a role in a movie, he’s central casting,’ the president told Fox News’ Sean Hannity

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