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Excerpt from www.breitbart.com

The Chinese Communist Party’s (CCP) premier automaker, BYD, is selling a $12,000 Electric Vehicle (EV) that “could be a nightmare” for the United States auto industry without an all-out ban or steeper tariffs on such cars made by Chinese companies.

A report from the Detroit News, which interviewed several industry insiders, details the impact that BYD’s all-electric Seagull — which sells for just $12,000 in China and about $21,000 in Latin America — may have on American auto workers without fierce trade protections.

Currently, former President Donald Trump’s 25 percent tariffs on China-made cars are the only reason BYD and other Chinese automakers have not flooded the U.S. market with cheap EVs to sell to American consumers.

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Excerpt from finance.yahoo.com

(Bloomberg) — HBK Capital Management, one of the biggest shareholders in Hess Corp., is planning to abstain from voting on the oil company’s $53 billion takeover by Chevron Corp.

The hedge fund agrees with Institutional Shareholder Services Inc. that shareholders should not vote in favor of the deal, one of the firm’s partners, Nikos Panagiotopoulos, said in an interview.

“Hess shareholders are taking all the arbitration risk and should be compensated for the possibility that arbitration goes against them or takes longer than expected,” Panagiotopoulos said.

HBK has economic interests in more than 8 million shares of Hess, Panagiotopoulos said. That likely makes the fund Hess’s fourth-biggest holder, according to data compiled by Bloomberg. HBK Capital Management manages more than $7 billion in assets.

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Excerpt from abcnews.go.com

Boeing said Tuesday that it received orders for seven planes last month, an unusually small number. That wasn’t enough to offset canceled sales covering 33 planes, 29 of which were related to the shutdown of Lynx Air, a Canadian discount airline that stopped flying in late February.

As expected, deliveries of new Boeing jetliners were weak, at 24 in April, pushing the U.S. company farther behind Airbus, its European rival.

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Excerpt from columbustelegram.com

LIVONIA, Mich. — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling.

The car, launched last year by Chinese automaker BYD, sells for about $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S. electric vehicles that cost three times as much. A shorter-range version costs under $10,000.

Tariffs on imported Chinese vehicles will keep the Seagull out of America for now, and it likely would sell for more than $12,000 if imported.

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Excerpt from www.aol.com

A Home Depot store in Northeast Philadelphia could soon become the home-improvement chain’s very first to unionize, giving yet another boost to an energized U.S. labor movement that’s tackling the retail sector.

Vince Quiles, who works in the store’s receiving department, filed a petition this week for a union election with the National Labor Relations Board. Quiles, 27, said he gathered more than 100 signed union cards from his orange apron-clad co-workers in a little more than a month.

Labor unions have made a number of breakthroughs at high-profile, historically non-union companies in recent months: Starbucks, Amazon, Trader Joe’s and REI. Quiles sees no reason why Home Depot shouldn’t be next.

“We’re inspired by Starbucks and Amazon — let us be the catalyst at Home Depot,” Quiles told HuffPost. “I know the people in that building. … They aren’t really being treated like they should [be], with the dignity and respect they deserve.”

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Excerpt from www.deccanherald.com

New Delhi: The escalation of a trade war between the US and China may push Beijing to dump goods in the Indian markets, economic think tank GTRI said on Tuesday.

In this backdrop, the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has to remain vigilant, it said.

The US on Tuesday reignited the trade war with China by announcing a series of proposed tariff increases on imports including electric vehicles (EVs), batteries, and various other goods.

“The raising of tariff on EVs, batteries and many other new technology items by the US may push China to dump these products in other markets including India,” the Global Trade Research Initiative (GTRI) said.

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Excerpt from www.latestly.com

Microsoft announced it would expand its investments in France during the the ‘Choose France’ summit. The company promised to invest €4 billion in Cloud and AI infrastructure in the country. Microsoft Vice Chair and President Brad Smith said it would be the company’s largest investment since it started 40 years ago. Brad Smith posted that the company’s commitment would include skill training for 1 million people and support for the growing AI economy of France. It would also involve supporting 2,500 startups through the company’s AI Access Principles. Microsoft CEO Satya Nadella reiterates the company’s commitment to by quoting the expansion plans in France on X.

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Excerpt from www.westernjournal.com

Red Lobster is closing multiple locations across America and equipment and furniture at the stores is being auctioned off.

The chain has not made an announcement, but restaurant liquidator TAGeX Brands said it was selling off kitchen equipment and supplies and furniture from more than 50 locations that are closing, according to Business Insider.

Meanwhile, Business Insider reported, local news organizations “from Orlando to Buffalo reported that locations had been listed as ‘temporarily closed’” on the Red Lobster website.

A syndicated report being carried across the country notes that “more than 80 Red Lobster locations in at least 27 states” have been affected.

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Excerpt from www.theblaze.com

 

Warner Bros. Discovery Inc. announced on an earnings call that the game Suicide Squad: Kill the Justice League lost the company $200 million.

On the Q1 2024 earnings call, investors heard from President and CEO David Zaslav and CFO Gunnar Wiedenfels.

Zaslav broke the bad news first and stated that “unfortunately,” the studio’s Q1 financials were overshadowed by the tough sales in the games department “following the great performance of Hogwarts Legacy last year and the disappointing release of Suicide Squad in Q1 in our gaming group.”

“On the advertising front,” Zaslav continued, “total company ad sales were down 7% in the quarter.”

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Excerpt from mashable.com

On Tuesday at Google I/O, Google‘s much relied-upon — but rarely loved — Google Workspace software suite got a major injection of additional AI features that are coming soon.

Gemini 1.5 Pro, from the language model family formerly known as Bard, is being plastered into the side panel in Google Docs, Sheets, and Slides — not to mention Drive and Gmail. These applications are already interconnected, but this slate of features aims to automate those connections via a chirpy AI-powered assistant with the power to — in theory — teleport from app to app, doing work tasks that used to be labor-intensive. 

Google is clearly envisioning a more seamless and integrated experience across Workspace, enabled by the centralization of all the user’s documents and data. With Gemini functionality perpetually available on the screen, users are being encouraged to ask the bot quotidian questions or request little favors. While in Docs, Gemini can dig up details found in emails, or organize lists into spreadsheets automatically. 

Mashable Light Speed

Users also aren’t required to specify exactly which applications they expect Gemini to use to perform the functions in question. In the demo, a user simply asks the AI assistant to help them organize, and it invents a system in which it will place files in a new folder, and organize the data from said files into a spreadsheet. 


Credit: Mashable screenshot from Google’s presentation

If you’re excited by the prospect of an AI-assisted workflow, it’s worth pausing for a moment to consider data security. Last year, a New York Times report notes, there was a great deal of internal discussion at Google when the company attempted to rework its privacy agreement to begin mining users’ publicly available Google Docs for AI training data. Google can now use such data according to its user agreement, but only chooses to incorporate data from users who opt into experimental Google features, the Times reported. 

It’s also worth noting that we’ve only seen a demo so far. AI assistants have, thus far, been buggy, lying robots, seemingly rushed to the market way too quickly. With OpenAI nipping at Google’s heels, Google’s new AI-enabled glow-up for Workspace can’t just be on trend. As the name implies, it has to work.

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Excerpt from phys.org

Xiaodan Li and Richard Kammerer have characterized an enzyme for the first time that could become an important tool for the circular economy. The monitor shows a schematic representation of the key part of the active center of this enzyme. Credit: Paul Scherrer Institute/Markus Fischer

Researchers at the Paul Scherrer Institute PSI have—for the first time—precisely characterized the enzyme styrene oxide isomerase, which can be used to produce valuable chemicals and drug precursors in an environmentally friendly manner. The study appears in the journal Nature Chemistry.

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Excerpt from ca.news.yahoo.com

RFK JR. SUES MARK ZUCKERBERG, META FOR ELECTION INTERFERENCE AND CENSORSHIP

Independent presidential candidate Robert F. Kennedy Jr., who will appear on the California ballot with the far-right American Independent Party, filed a lawsuit Monday against tech giant Meta.

The lawsuit accuses the company, and its founder Mark Zuckerberg, of censorship and election interference.

Lawyers on behalf of Kennedy and his super PAC, American Values 2024, filed the federal lawsuit Monday in the Northern District of California, San Francisco Division.

The lawsuit alleges Meta, which encompasses Facebook, Instagram, Whatsapp and Messenger, purposefully suppressed users from viewing and sharing a 30-minute documentary, “Who is Bobby Kennedy?” which was released by American Values 2024 on May 3.

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Excerpt from www.nbcnews.com

The head of personnel at Russia’s Defense Ministry has been arrested on suspicion of bribery after more than $1 million in cash and valuables were discovered at his properties, investigators said on Tuesday.

The arrest of Yuri Kuznetsov signals a widening of the biggest government corruption scandal in years, two days after President Vladimir Putin unexpectedly removed Sergei Shoigu from the post of defense minister.

The state Investigative Committee said Kuznetsov was suspected of “receiving a bribe on an especially large scale.”

“According to the investigation, in 2021–2023, as the head of the 8th Directorate of the General Staff of the Russian Armed Forces, Kuznetsov received a bribe from representatives of commercial structures for performing certain actions in their favour,” the committee said.

At least five people have been arrested in the scandal, starting with the detention of deputy minister Timur Ivanov on the same charge on April 23.

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Excerpt from www.theblaze.com

 

U.S. Secretary of State Antony Blinken has traveled to Ukraine to emphasize America’s “enduring support” for the embattled Eastern European nation that has been fighting a war against Russia for more than two years, according to a press statement from a State Department spokesperson.

“Secretary of State Antony J. Blinken arrived in Ukraine today to meet with senior Ukrainian officials and highlight the United States’ enduring support for Ukraine. While in Ukraine, Secretary Blinken will meet with President Volodymyr Zelenskyy, Prime Minister Denys Shmyhal, and Foreign Minister Dmytro Kuleba to discuss battlefield updates, the impact of new U.S. security and economic assistance, long-term security and other commitments, and ongoing work to bolster Ukraine’s economic recovery. He will emphasize America’s commitment to Ukraine’s sovereignty, territorial integrity, and democracy in the face of Russia’s ongoing aggression,” the statement notes.

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Excerpt from japantoday.com

Russian troops were locked in intense battles with Ukrainian soldiers around the embattled town of Vovchansk in northeast Ukraine on Monday, pushing ahead with a ground offensive that opened a new front and put more pressure on overstretched Ukrainian forces.

Moscow’s renewed northeast offensive, launched late last week, was the most significant border incursion since the full-scale invasion began.

In just two days, Moscow has captured between 100 to125 square kilometers that include at least seven villages, most of them already depopulated, according to two open source monitoring analysts.

Vovchansk, among the largest towns in the area whose pre-war population of 17,000 had dwindled to just 2,500 before Russia renewed its ground assault last week, has emerged as a key focus of the pitched battles engulfing the Kharkiv region. By Monday, only 200 to 300 residents remained, said Kharkiv Gov. Oleh Syniehubov, as Russian forces closed in from three sides.

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Excerpt from www.breitbart.com

On Monday’s broadcast of CNN’s “OutFront,” House Armed Services Committee Ranking Member Rep. Adam Smith (D-WA) stated that while Israel can launch a major offensive in Rafah without new American weapons, whether Israel can “adequately deter all of the different entities who want to attack it, Iran, Hezbollah, the Houthis, various other militia groups without that support” is “a much tougher question.”

Smith said, “Prime Minister Netanyahu has put Israel, the U.S., and the entire Middle East in a very difficult place. We do not want to withdraw support from Israel, at least I don’t and the president doesn’t. We saw that when Iran attacked Israel a few weeks ago, if we are not able to help Israel defend itself, this war could spread as Iran and Hezbollah decide to jump into that void. But, at the same time, Prime Minister Netanyahu is pursuing a strategy that is not in the best interests of Israel and not in the best interests of peace. He has no plan for a post-Hamas Gaza. So, the president has been trying every lever we have to change that. But we don’t really have the power to just force them to do something differently, and as I said, completely abandoning them comes with a high amount of risk for peace in the region as well. That’s what President Biden’s trying to navigate.”

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Excerpt from thediplomat.com

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Excerpt from www.dailysabah.com

Speaking at a joint news conference with visiting Austrian Foreign Minister Alexander Schallenberg, Foreign Minister Hakan Fidan hit out at Israel over killings of innocent Palestinians. He said Israel committed genocide by killing thousands of Palestinians and displacing more.

“Killing innocent Palestinian children in their bed is as wrong as killing of innocent Jews in concentration camps,” he said at the news conference in the capital Ankara on Tuesday. “International law and human rights being trampled by Israel, diplomatic efforts failed once again due to Rafah invasion,” he also said.

Fidan also reiterated Türkiye’s stance on Hamas, underlining that it was not a terrorist group as some members of the international community claimed but rather, a group “defending (Palestinian) lands.” He branded Israel as an occupying power in Palestinian lands.

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Excerpt from myanmar-now.org

A lethal junta airstrike targeting a monastery in Magway Region’s Saw Township last week was systematic and likely informed by intelligence gathered by the military, according to accounts from survivors and local rescue workers.

The aerial attack took place on May 9 in Akyi Pan Pa Lun village, around five miles north of the town of Kyaukhtu. It is claimed as a liberated area by the anti-junta People’s Defence Force (PDF), whose members were attending a meeting alongside civilians in the monastery at the time of the assault.

At least 15 people were killed and 34 others—including. . .

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Excerpt from abcnews.go.com

BEIJING — Russian President Vladimir Putin will make a two-day state visit to China this week, the Chinese Foreign Ministry said Tuesday, in the latest show of unity between the two authoritarian allies against the U.S.-led Western liberal global order.

Putin will meet Chinese leader Xi Jinping during his visit starting on Thurday, the ministry said, saying the two leaders would discuss “cooperation in various fields of bilateral relations … as well as international and regional issues of common concern.” No details were mentioned.

The Kremlin in a statement confirmed the trip and said Putin was going on Xi’s invitation. It said that this will be Putin’s first foreign trip since he was sworn in as president and began his fifth term in office.

China has backed Russia politically in the conflict in Ukraine and has continued to export machine tools, electronics and other items seen as contributing to the Russian war effort, without actually exporting weaponry.

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Excerpt from www.foxnews.com

  • Chief Executive John Lee urged respect for Hong Kong’s overseas trade offices following the charges of a London staff member for alleged espionage.
  • Lee demanded an explanation from Britain about the charges, saying unwarranted allegations against Hong Kong are unacceptable.
  • He voiced the trade office’s role in fostering ties and warned against interference.

Hong Kong’s leader on Tuesday urged foreign governments to respect its overseas-based trade offices after a staff member in its London branch was charged in Britain for allegedly working for the Chinese city’s intelligence service.

Chief Executive John Lee said his administration had demanded the British government provide an explanation about the prosecution of Bill Yuen, the office manager of the Hong Kong Economic and Trade Office in London. Lee said any attempt to make unwarranted allegations against the city’s government is unacceptable.

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Excerpt from townhall.com

I don’t know what to say other than don’t start wars that you can’t win. Of course, rational actors know this, but Hamas isn’t of that mindset. They’re a genocidal terrorist group that spent 17 years building underground tunnel networks to protect their members but intentionally neglected to build bomb shelters for its people in case hostilities broke out. With Hamas, war was their policy from the outset, aimed at destroying Israel.

There are reports that Gaza’s healthcare system could collapse within hours. It’s not surprising, given that Israel now controls most of the region in their months long military operation to destroy Hamas, which will be successful. These people have nowhere to go. The Left will blame Israel, but it’s Hamas’ fault. This entire war and all the suffering it has created is Hamas’ fault. The October 7 attacks were Hamas’ fault. Not agreeing to numerous ceasefire proposals submitted over the past months is Hamas’ fault. They reject peace with Jews. It’s explicitly clear to anyone paying attention. They’re the only party who could end this war right now but won’t. If you don’t want the health care system to collapse, there is one thing Hamas could do: surrender.

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Excerpt from www.thesun.co.uk

A RUSSIAN general was dragged out of his bed at 5am to be taken into detention in Vladimir Putin’s latest purge.

Lt-Gen Yuri Kuznetsov, 55, was arrested and now faces “criminal charges over state secrets.”

The arrest of Lt-Gen Yuri Kuznetsov, 55, by heavily armed counterintelligence officers in balaclavas indicates a purge is underway in the Russian Defence Ministry in the midst of the war with Ukraine.

They smashed their way into Kuznetsov’s red brick mansion using crowbars and the top MoD official was “dragged out of bed and taken away for interrogation”.

Kuznetsov is in charge of the ministry’s main personnel department but his detention is seen as linked to his previous role guarding  military state secrets.

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Excerpt from www.infowars.com

The US does not believe Israel can decisively triumph over Hamas in Gaza, Deputy Secretary of State Kurt Campbell has said. The comments come as fighting between the Israel Defense Forces (IDF) and the Palestinian militant group entered its eighth month last week, with West Jerusalem refusing to walk away from its pledge to destroy Hamas. 

“I think in some respects, we are struggling over what the theory of victory is. Sometimes when we listen closely to Israeli leaders, they talked mostly about the idea of some sort of sweeping victory on the battlefield, a total victory,” Campbell said at the NATO Youth Summit in Miami, Florida on Monday. “I don’t think we believe that that is likely or possible,” he said.

He acknowledged the “undeniable tensions” between Washington and West Jerusalem over Israel’s ongoing assault on Rafah, the southernmost city in Gaza which is overcrowded with refugees who fled the northern part of the Palestinian enclave in accordance with the Israeli Army’s evacuation instructions.

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Excerpt from www.washingtonexaminer.com

Michael Cohen offered the strongest evidence to date linking former President Donald Trump to the charges he is facing in New York, serving as either a blessing or a curse to prosecutors, depending on whether the jury finds their troubled star witness credible.

Cohen, Trump’s former attorney, testified Monday during Trump’s trial that the former president knew every step of the way how Cohen was working to prevent porn star Stormy Daniels from going public right before the 2016 election with a claim that she had a sexual encounter with Trump.

Prosecutors presented evidence that Cohen had two phone calls with Trump right before Cohen went to the bank to use a shell company to wire Daniels’s attorney $130,000 as part of a settlement agreement.

“I wanted to ensure that, once again, he approved what I was doing because I require approval from him on all of this,” Cohen said of the two calls.

Michael Cohen testifies on the witness stand in Manhattan criminal court about the calculations that Alan Weisselberg made to determine how to pay back Cohen for the money he paid to Stormy Daniels, Monday, May 13, 2024, in New York. (Elizabeth Williams via AP)

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Excerpt from www.thenation.com

Trump’s former lawyer described in court how the former president demands total sycophancy from his underlings.

Michael Cohen, former president Donald Trump’s former attorney, arrives at his home after leaving Manhattan Criminal Court on May 13, 2024, in New York City.

(Michael M. Santiago / Getty Images)

The third week of Donald Trump’s criminal trial in Manhattan kicked off with the testimony of a familiar Trumpworld figure: former Trump attorney and fixer Michael Cohen. Cohen’s turn on the stand has been hotly anticipated since the trial got underway last month, since he’s able to directly confirm key details in the prosecution’s case, chiefly concerning the logistics of the payoff to former porn star Stormy Daniels in order to suppress her story of an alleged sexual encounter with Trump in 2006.

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Excerpt from www.bostonglobe.com

Last week, House Speaker Mike Johnson joined fellow GOP members of Congress to announce the Safeguard American Voter Eligibility (SAVE) Act, which would require those registering to vote in federal elections to show proof of US citizenship.

Never mind that for nearly 30 years, noncitizens have been explicitly banned from voting in federal elections.

Nor are Republicans entirely ignoring the lack of data to support their claims. “We all know, intuitively, that a lot of illegals are voting in federal elections. But it’s not been something that is easily provable. We don’t have that number,” Johnson said during the press conference. “This legislation will allow us to do exactly that — it will prevent that from happening. And if someone tries to do it, it will now be unlawful within the states.”

How convenient and unoriginal it is to use intuition to ignore facts. “The speaker said that this question is unanswerable and relied on his intuition, but in fact, the question is very answerable,” Eliza Sweren-Becker, a senior counsel in the Voting Rights & Elections Program at the Brennan Center for Justice, said in an interview. “And it’s been answered many times, in that there is not a serious problem with noncitizen voting in the United States.”

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Excerpt from www.bnnbloomberg.ca

(Bloomberg) — Using Facebook in the lead-up to the US 2020 presidential election might have increased the chances of someone voting for Donald Trump, university researchers said in a study published Monday in the academic journal Proceedings of the National Academy of Sciences.

As part of the study, the researchers asked nearly 19,900 Facebook and 15,600 Instagram users to stop using the platforms ahead of the 2020 election. The authors, led by Stanford University professors Hunt Allcott and Matthew Gentzkow, found some evidence suggesting that people who used Facebook might have been more likely to vote for Trump. They noted that their finding fell “just short” of being statistically significant.

“So we need to take it with a grain of salt,” Gentzkow said in a statement. “But if it’s real, it’s big enough that it could impact the outcome of a close election.”