Launched days before his second inauguration, the “fight, fight, fight” $TRUMP meme coin has seen wildly disparate outcomes for investors. While a small number of accounts profited handsomely, totaling roughly $1.1 billion, a significant portion of the 2 million accounts have lost money. The coin’s value has fluctuated dramatically, influenced by promotional efforts including a contest offering access to Trump, and is currently under investigation by the Senate for potential conflicts of interest. Despite Trump’s claims of unawareness, his involvement raises concerns given his past pronouncements on cryptocurrency and his administration’s influence on its regulation.
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At least ten Les Misérables cast members plan to boycott a Kennedy Center performance attended by President Trump. This follows Trump’s controversial takeover of the Kennedy Center, including the firing of Biden-appointed board members and plans to reshape its programming towards a more conservative vision. The boycott, particularly impactful given Trump’s professed love for the musical, highlights the ongoing tension between Trump’s agenda and the artistic community. The cast’s decision to not perform underscores the deep division stemming from Trump’s actions at the Kennedy Center. This incident follows previous resignations and cancellations in protest of Trump’s leadership.
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Following a recent controversial statement, Merz dismissed the claim as absurd and plans to address it directly with President Trump in a Thursday call. He intends to leverage the EU’s considerable economic strength and united front—emphasizing its larger consumer base than the US and Canada—in his negotiations with the US. Merz aims to solidify a unified European defense strategy before a planned June meeting with Trump at the NATO summit, for which he’s undertaking diplomatic trips to Paris and Warsaw. However, his recent failure to secure the chancellorship may limit his capacity to fulfill his ambitious foreign policy goals.
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Following a morning mass, “Pro Eligendo Romano Pontifice,” led by Cardinal Giovanni Re, including a homily outlining priorities for the next papacy, the College of Cardinals will convene. After lunch and reflection, a formal procession will commence at 4:30 p.m., culminating in an oath of secrecy within the Sistine Chapel before voting begins. White smoke signifies a new pope’s election, while black smoke indicates the need for further ballots. The process will continue until a two-thirds majority is reached.
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A senior French intelligence official confirmed to CNN that at least one Indian Air Force Rafale fighter jet was shot down by Pakistan, potentially marking the first combat loss of the aircraft. This occurred during retaliatory strikes by Pakistan following Indian airstrikes. While Pakistan claimed to have downed several Indian jets, including multiple Rafales, French authorities are investigating whether additional Rafales were lost and the confirmation of wreckage requires further analysis. The incident caused a drop in Dassault Aviation’s stock price, highlighting market concerns about the Rafale’s performance.
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A lawsuit, *V.O.S. Selections v. Trump*, challenges the legality of President Trump’s tariffs before a three-judge panel. The plaintiffs, small import businesses, argue the tariffs violate the “major questions doctrine” due to their significant economic impact, citing a predicted $4,900 reduction in average household income. Support for this claim comes from an amicus brief signed by numerous former Republican officials. The case’s outcome, however, remains uncertain, as the major questions doctrine is novel and its application to presidential actions, especially in foreign policy, is untested.
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Ukrainian drone attacks near Moscow on May 7 caused widespread disruption at Moscow airports, leading to significant flight delays and diversions, affecting an estimated 350 flights and 60,000 passengers. This follows two prior days of similar incidents, impacting air travel across Central Russia. The disruptions occurred just days before Russia’s Victory Day parade, a major event with numerous foreign dignitaries expected to attend. Russia’s defense ministry claimed to have intercepted the drones.
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Federal Reserve Chair Jerome Powell affirmed the incompatibility of simultaneously lowering inflation and implementing substantial tariffs. He warned that sustained tariff increases would likely cause inflation, slower economic growth, and unemployment. The inflationary impact’s duration remains uncertain, depending on tariff magnitude and the speed of price adjustments. Successfully mitigating persistent inflation hinges on the scale of tariff effects and maintaining stable long-term inflation expectations.
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In a recent conversation with Jen Psaki, Pete Buttigieg urged Democrats to adopt a more assertive approach in their campaign against Donald Trump. Buttigieg emphasized the necessity of demonstrating to voters that Trump’s political ambitions can be thwarted. The discussion focused on strategies to regain voter confidence and reclaim national leadership from the Republican party. This renewed focus on direct engagement with the electorate is seen as crucial for Democratic success.
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John Q. Hosedrinker
Shatner Jokes: US as Canada’s 11th Province?
Political Hack, Canada’s top political newsletter, offers in-depth analysis and exclusive content for just $5 per month. Subscribers gain VIP access to insightful commentary on Canadian politics. This premium subscription provides unparalleled coverage of current events and political strategies. Sign up now to stay informed and ahead of the curve.
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