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The Latest Breaking News from White House

Dollar Slips and Gold Posts a Record High on Fed Rate-Cut Prospects

The dollar index (DXY00 ) today fell from a 1-week high and is down by -0.12%. The dollar is under pressure on the outlook for easier Fed policy, with the FOMC expected to cut interest rates by another 50 bp this year. The dollar found support today on hawkish comments...

Barchart

Microsoft reacts to President Trump's shocking $100K H-1B visa fee — "creating anxiety and uncertainty"

It was a frantic weekend for Microsoft following Trump's $100,000 H-1B visa fee announcement, but some of the concern was unfounded due to confusing guidance. Here's what we know so far.

Windows Central

Steve Bannon reiterates calls for Elon Musk to be deported to South Africa - ‘Toss him back’

‘Screw you dude!’ Bannon rages, after Trump reunites with tech billionaire

The Independent UK

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White House discloses more details of deal to save TikTok

TikTok's new U.S. entity would lease its algorithm from Chinese owner ByteDance.

Axios

Trump’s plan to charge $100,000 for new H-1B visas is met with dismay by CEOs who want the world’s top talent

Also: All the news and watercooler chat from Fortune.

Fortune

Trump Border Czar Tom Homan Reportedly Caught On FBI Video Taking $50,000, DOJ Shut Case After Trump Return: 'No Credible Evidence…'

Federal investigators captured Donald Trump's top immigration adviser accepting $50,000 in cash during an FBI sting, but the Justice Department shut down the case soon after the President returned to the White House.

Benzinga

Netflix Co-Founder Reed Hastings Says Trump's $100,000 H-1B Visa Fee Is A 'Great Solution' Because Of These Reasons

Over the weekend, Netflix Inc. (NASDAQ:NFLX) co-founder and former CEO Reed Hastings backed Donald Trump's controversial $100,000 H-1B visa fee, calling it a "great solution" to fix the program's lottery system.

Benzinga

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Donald Trump and Elon Musk meet and shake hands months after messy split

Musk, who bankrolled Trump’s presidential campaign and later became an advisor to him, greeted the president at the memorial for Charlie Kirk

The Guardian - AU

Trump to link autism to Tylenol use during pregnancy

The mention of a connection would revive a medical controversy over the use of acetaminophen early in a pregnancy.

Axios

Erika Kirk ‘forgives’ Charlie’s killer before Trump declares ‘hate’ for foes in politics-laden eulogy

President Donald Trump’s words were in stark contrast to those of Charlie Kirk’s widow, Erika

The Independent UK

Trump rails against opponents in Kirk tribute after widow says she forgives shooting suspect – as it happened

US president declines to give message of unity after activist’s widow tells audience of tens of thousands ‘I forgive him’ in comments about Tyler Robinson

The Guardian - US

The US right claimed free speech was sacred – until the Charlie Kirk killing

Rightwingers had long complained of a censorious leftwing ‘cancel culture’ but seem happy to now reframe that as ‘consequence culture’

The Guardian - US

US says $100,000 fee for H-1B visas will not apply to existing holders

As Trump’s order stirs anxiety, White House says the fee applies to new applicants and will be levied per application.

Al Jazeera

TikTok Algorithm To Be 'Controlled By America' As US Nears Majority Stake In Landmark Split Deal

On Saturday, the White House said a long-awaited agreement on TikTok would hand Americans control of the app's powerful algorithm and place the platform under a U.S.-led board.

Benzinga

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news in one place.

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The Guardian - US

Trump ‘border czar’ Tom Homan reportedly accepted $50,000 in cash from undercover FBI agents

Alleged handoff occurred before Trump won second presidency, after which administration killed federal corruption case

The Independent UK

Trump’s DOJ shut down investigation into Tom Homan after he allegedly accepted $50,000 from undercover FBI agents, report claims

A White House spokesperson called the probe ‘blatantly political’ and said it yielded ‘no evidence of illegal activity’

Axios

Trump's new H-1B fee won't apply to existing visa holders, official says

The $100,000 fee for the highly prized visa is intended to boost jobs for U.S. workers.

The Guardian - US

Tulsi Gabbard did not alert White House before revoking 37 security clearances

Exclusive: White House only realized afterwards that clearances at the CIA and in Congress had been rescinded

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news in one place.

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The Independent UK

Feds have found no links between Kirk assassination suspect and left-wing groups, report says

Source tells NBC News: ‘Every indication so far is that this was one guy who did one really bad thing because he found Kirk’s ideology personally offensive’

International Business Times

White House Says $100,000 H-1B Visa Fee To Be One-time Payment

The White House issued a major clarification Saturday to its new H-1B visa policy that had rattled the tech industry a day earlier, saying a $100,000 fee will be a "one-time" payment imposed only on new applicants.

Fortune

Powell showed he's still 'firmly in control' after White House adviser Miran's first FOMC meeting, former Fed official says

"Their actions demonstrate integrity, commitment to the Fed’s mission and the importance of sustaining the central bank’s independence."

Axios

TikTok deal will be signed soon, with U.S. control of algorithm, White House says

It's still not clear exactly who will own the app or how the deal will work in practice for users.

International Business Times

Americans Would Dominate Board Of New TikTok US Entity: W.House

A deal for the Chinese parent company of popular video-sharing app TikTok to sell its US operations would see the creation of a board dominated by Americans, the White House said Saturday.

The Guardian - US

History teaches us that authoritarians use any excuse to seize power

Nazis used the 1933 Reichstag blaze to justify snuffing out civil liberties. In the US, the calls for a crackdown have already begun

The Independent UK

Conor McGregor announces planned return to UFC with White House fight

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