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August 23, 2025

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Easement to Facilitate Near-Term Exploration Logistics for New Amalga Gold Project & Secure Road Route Spanning One-Third of Distance from Public Highway to Project Site

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) (‘Grande Portage’ or the ‘Company’) is pleased to announce that it has applied for a State of Alaska easement related to its New Amalga Gold project in southeast Alaska. This easement application incorporates a proposal for development of approximately 1.3 miles (2 km) of gravel road along with two equipment staging areas.

Extending from Glacier Highway across State of Alaska property, development of this road segment will greatly facilitate the Company’s helicopter-supported exploration efforts by establishing an equipment staging area much closer to the project site. The helicopter shuttle distance for transporting drilling equipment and supplies would be reduced by over 60% for each cycle compared to the previous staging area located in the Juneau Mendenhall Valley suburbs.

Ian Klassen, President and CEO comments: ‘The submission of this easement application is an important step for the project. The proposed road development and equipment staging areas will not only enhance the efficiency of our exploration efforts but will also reduce the impact of helicopter noise on residential areas of the Mendenhall Valley. Furthermore, this road segment will comprise a significant proportion of the overall road development required to ultimately establish surface access to the project site.’

This initial road segment would span approximately one-third of the total distance from Glacier Highway to the project site, ending at the boundary between State of Alaska and US Forest Service land. Further road development will require separate federal environmental review and permitting. Baseline environmental studies are ongoing in order to support future federal submissions.

The future facilities at the project site are envisioned to include a small-footprint underground mining operation without an ore processing plant or tailings disposal landfill. Due to the resource location near tidewater and less than 4 miles (6.5km) from existing paved highway (Fig. 1), the Company considers off-site processing by a third party to be the most favorable configuration for the project.

Kyle Mehalek, P.E.., is the QP within the meaning of NI 43-101 and has reviewed and approved the technical disclosure in this release. Mr. Mehalek is independent of Grande Portage within the meaning of NI 43-101.

About Grande Portage:

Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on advancing the New Amalga Mine project, the outgrowth of the Herbert Gold discovery situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest in the New Amalga property. The New Amalga gold system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The project lies prominently within the 160km long Juneau Gold Belt, which has produced over eight million ounces of gold.

The Company’s updated NI#43-101 Mineral Resource Estimate (MRE) reported at a base case mineral resources cut-off grade of 2.5 grams per tonne gold (g/t Au) and consists of: an Indicated Resource of 1,438,500 ounces of gold at an average grade of 9.47 g/t Au (4,726,000 tonnes); and an Inferred Resource of 515,700 ounces of gold at an average grade of 8.85 g/t Au (1,813,000 tonnes), as well as an Indicated Resource of 891,600 ounces of silver at an average grade of 5.86 g/t Ag (4,726,000 tonnes); and an Inferred Resource of 390,600 ounces of silver at an average grade of 7.33 g/t silver (1,813,000 tonnes). The MRE was prepared by Dr. David R. Webb, Ph.D., P.Geol., P.Eng. (DRW Geological Consultants Ltd.) with an effective date of July 17, 2024.

ON BEHALF OF THE BOARD

‘Ian Klassen’
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: Ian@grandeportage.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company’s filings with Canadian securities regulators. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Please note that under National Instrument 43-101, the Company is required to disclose that it has not based any production decision on NI 43-101-compliant reserve estimates, preliminary economic assessments, or feasibility studies, and historically production decisions made without such reports have increased uncertainty and higher technical and economic risks of failure. These risks include, among others, areas that are analyzed in more detail in a feasibility study or preliminary economic assessment, such as the application of economic analysis to mineral resources, more detailed metallurgical and other specialized studies in areas such as mining and recovery methods, market analysis, and environmental, social, and community impacts. Any decision to place the New Amalga Mine into operation at levels intended by management, expand a mine, make other production-related decisions, or otherwise carry out mining and processing operations would be largely based on internal non-public Company data, and on reports based on exploration and mining work by the Company and by geologists and engineers engaged by the Company.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

Source

Click here to connect with Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) to receive an Investor Presentation

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By Darren Brady Nelson

One of former President Ronald Reagan’s most famous quotes is “trust, but verify.” He made that remark on December 8, 1987, to then-Soviet General Secretary Mikhail Gorbachev as the audience gathered on that historic day for a nuclear arms treaty.

In the wake of US President Donald Trump’s April “Liberation Day” tariffs, it is time once again to “trust, but verify.” That is, that the economy is still on track for a new “golden age of America.” And that we will continue in a “golden age,” pun intended, for investing in gold.

Source: the White House.

Tariffs are not inflation

Trump’s tariffs have added to uncertainty, but they are not inflationary per se. The famous Nobel Prize-winning monetary economist, Milton Friedman, summarized what he had learned from the most comprehensive empirical study ever undertaken on inflation in the following quote:

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. A steady rate of monetary growth at a moderate level [may allow] little inflation and much growth.”

Another monetary economist of the 20th century, but not quite as famous as Friedman, was Ludwig von Mises. He agreed with the first half of the quote above, but not the second. He also supported a gold standard, as seen below, as protection from inflation and accompanying boom-bust cycles:

“All economic activity is based upon an uncertain future. It is therefore bound up with risk.” Thus: “There is no such thing as a safe investment.” But: “The…gold standard alone is a truly effective check on the power of the government to inflate the currency.”

Tariffs are just taxes

A student of Mises was Murray Rothbard. The latter wrote in Power and Market that the burden of a sales tax falls entirely on the supplier and supply chain, not the consumers, yet tariffs inexplicably do the opposite. The former is closer to the truth, depending on elasticities.

Media pundits often claim that businesses pass forward tax increases, like tariffs, to consumers. This is a half-truth. The other half of this half-truth is that businesses take a hit, so that they invest and hire less. This means foreign businesses, more than American consumers.

And rather than just a 50/50 split between supply and demand, as per the graph below, economics and history show it is more like an 80/20 situation. That 80 includes a pass backward in the supply chain. This means foreign supply chains, more than American supply chains.

Source: SlidePlayer.

Rationale for Trump’s tariffs

Trump’s tariffs have created extra uncertainty, but not nearly as much as the neoliberals, on the left or right, would suggest by their outrage and alarm. Firstly, imports and import elasticities are relatively low in the US.

Secondly, Trump’s strategy is consistent with the same three exceptions to free trade, and in the same order, as did the classical liberal, and godfather of free trade economics, Adam Smith.

The first exception is not only about directly decoupling from communist China, for targeted defense purposes, but also indirectly, for broader strategic purposes, by weakening the Communist Party of China to the point of regime change, as Reagan did to the USSR.

The second and third exceptions, of reciprocity and retaliation, are part of the “art of the deal.” This three-pronged strategy, despite the outcry as being anti-free trade, is not only trying to put America first, but also to restore genuine free trade. It is a well-calculated risk.

Impact of these tariffs

According to the US Bureau of Labor Statistics (BLS) in its press release of July 17: “Import prices ticked up 0.1% in June, following a decrease of 0.4% in May, and an advance of 0.1% in April.”

The BLS added that: “Prices for US imports fell 0.2% from June 2024 to June 2025, matching the 12- month decline for the year ended May 2025. Those were the largest annual decreases since the index fell 0.9% for the year ended February 2024.”

The BLS also provided an interactive chart of the Import Price Index (IPI). Highlights from the Trump 47 era for “all imports” include: IPI increased, but at a declining rate, by 1.7 percent in February, 0.8 percent in March and 0.1 percent in April; then decreased by -0.2 percent in May and -0.2 percent in June.

“Consumer goods” are also illuminating: IPI dropped from 1.2 percent in November 2024 to -0.8 percent in March 2025; then sunk further to -1.2 percent in May before rising to -0.6 percent in June, but still negative.

The story with “industrial supplies and materials” was that: IPI grew at 5.7 percent in February, then plunged to 1.9 percent in March; followed by shrinking down into negative territory of -2 percent in April, -3.6 percent in May and -3.2 percent in June.

Source: BLS.

Conclusion

Many Main Street investors, and even those on Wall Street, are aware that gold is a great hedge against both inflation and uncertainty; and it is. But few on either streets also know that it is a great investment that outperforms the S&P Index; and it does.

Gold is very rare indeed, and not just in terms of its physical scarcity, but in its unique ability to be both a safe-haven investment and a performance investment as well. The two charts at the end demonstrate gold’s protection and gold’s growth over the decades.

Therefore, for American investors it is still the right time to “trust” in gold growth to come, “but verify” through gold protection in the meantime. Thus, when one has gold, “heads” you win and “tails” you don’t lose.

Sources: FRED (CPI) (GDP) (M3); Shiller Data (S&P); World Bank (gold).

About Darren Brady Nelson

Darren Brady Nelson is chief economist with Fisher Liberty Gold and policy advisor to The Heartland Institute. He previously was economic advisor to Australian Senator Malcolm Roberts. He authored the Ten Principles of Regulation and Reform, and the CPI-X approach to budget cuts.

Read the rest of the series: Goldenomics 101: Follow the Money, Goldenomics 102: The Shadow Price of Gold, Goldenomics 103: Gold Protects and Performs.

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Citing a shifting economic situation in the US, Federal Reserve Chair Jerome Powell indicated that the central bank is ready to adjust interest rates during his speech at the Jackson Hole Economic Policy Symposium.

Powell indicated that the Fed’s dual mandate goal is essentially in balance, saying the labor market remains close to maximum employment and that inflation has eased from post-pandemic highs, although it remain elevated.

However, the Fed head also noted that “the balance of risks appears to be shifting,” with significant uncertainty in the economy as a result of higher tariffs, tighter immigration and a slowdown in the pace of growth in the labor market.

“Over the longer run, changes in tax, spending, and regulatory policies may also have important implications for economic growth and productivity,” Powell added in his Friday (August 22) address.

The biggest challenge for the Fed is maintaining its dual mandate of ensuring too much slack doesn’t enter the labor market, which Powell said could happen quickly, while also attempting to ease inflation to the target 2 percent.

“A material slowing in employment growth may not be a signal that the economy is entering a downturn, but a symptom of structural shifts in the economy. For this reason, Powell and others in the Federal Open Market Committee (FOMC) have pointed to the unemployment rate as a more useful indicator of the health of the labor market,” she said.

Although tariffs are likely to take some months to work their way through the economy, with Powell suggesting there is still high uncertainty, he also indicated that “the shifting balance of risks may warrant adjusting our policy stance.”

His remarks are in line with analysts’ expectations of a 25 basis point cut to the benchmark rate in September.

In 2024, the Fed made three cuts: a 50 basis point cut in September, followed by two 25 basis point cuts in October and November. So far, it has not made reductions in 2025; however, it faced dissent from two committee members at its July meeting, the first time more than one member has voted against the committee since December 1993.

The gold price jumped following Powell’s remarks on Friday, gaining nearly 1 percent in morning trading, reaching US$3,370 per ounce by 1:00 p.m. EDT. Silver rose more than 2 percent to hit US$38.94 per ounce.

Equity markets were also in positive territory during morning trading.

The S&P 500 (INDEXSP:INX) climbed 1.49 percent to 6,465 points, and the Nasdaq 100 (INDEXNASDAQ:NDX) rose 1.48 percent to 23,485 points. Meanwhile, the Dow Jones Industrial Average (INDEXDJX:.DJI) surged 2 percent to trade in record territory at 45,687 points.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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Here’s a quick recap of the crypto landscape for Friday (August 22) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$116,546, a 3.9 percent increase in 24 hours. Its lowest valuation of the day was US$112,019, and its highest was US$117,310.

Bitcoin price performance, August 22, 2025.

Chart via TradingView.

The crypto market rallied after US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium offered clues that the Fed may be preparing to lower interest rates in September.

Bitcoin jumped from US$112,000 to US$116,000 in just over an hour. The current situation with inflation and the labor market, Powell said, “may warrant adjusting” the Fed’s monetary policy stance.

Powell cited a “curious balance” in the labor market, with reduced worker supply and demand increasing employment risks, while also noting that tariffs’ visible impact on consumer prices is likely to be short-lived.

However, he signaled that the central bank remains cautious of potential lasting inflation, emphasizing the need to balance its dual mandates when goals conflict.

The Fed also revised its monetary policy, stating that low unemployment alone will not trigger rate hikes. They removed language suggesting tolerance for inflation above 2 percent to offset past undershoots and no longer described low interest rates as a “defining feature” of the economy, offering greater flexibility in a volatile post-pandemic economy.

According to the CME Group Fedwatch tool, the probability of an interest rate cut at the September 17 FOMC meeting has surged to over 83 percent, up from 75 percent just yesterday.

Likewise, Ether (ETH) gained over 10 percent following Powell’s remarks, rising above the week-long US$4,600 resistance and forming a bull flag pattern, with analysts projecting potential highs around US$6,000.

ETH was priced at US$4,843.61, up by 14.5 percent over the past 24 hours, and its highest valuation of the day. Its lowest valuation was US$4,254.24.

Altcoin price update

  • Solana (SOL) was priced at US$199.01, up by 10.5 percent over 24 hours to its highest valuation of the day. Its lowest was US$178.52.
  • XRP was trading for US$3.09, up by 7.9 percent in the past 24 hours, and its highest valuation of the day. Its lowest was US$282.
  • Sui (SUI) was trading at US$3.74, up by 9.5 percent over the past 24 hours, following market trends by reaching its highest valuation as the markets wrapped. Its lowest valuation of the day was US$3.33.
  • Cardano (ADA) was also trading at its highest valuation on Friday at US$0.9334, up by 9.5 percent over 24 hours. Its lowest valuation for the day was US$0.8332.

Today’s crypto news to know

Coinbase approves Trump-backed stablecoin

Coinbase Global (NASDAQ:COIN) has listed USD1, a stablecoin issued by World Liberty Financial, the crypto project linked to US President Donald Trump and his sons. The exchange announced the move on Thursday (August 21), while Eric Trump reposted the news on X and hinted that additional updates on the project are coming soon.

With the addition, Coinbase now offers US users a wide range of stablecoins, including USDT, USDC, PYUSD, DAI and others. World Liberty launched USD1 earlier this year as part of its push into decentralized finance, positioning the token for use in a forthcoming platform built on Ethereum with Aave technology.

The platform is not yet live, but the company has said it will eventually support lending and borrowing services.

The listing comes as the US stablecoin sector gains momentum following the passage of the GENIUS Act, which set national standards for stablecoin issuance and trading.

Still, World Liberty’s political connections remain controversial, especially after reports linked USD1 to a multibillion-dollar investment in Binance from an Abu Dhabi sovereign fund.

House moves to prohibit Fed from issuing CBDC

The US House of Representatives has added a provision to a defense policy bill for the 2026 fiscal year that would ban the Fed from issuing a central bank digital currency (CBDC). On Thursday, the House Rules Committee released a revised version of HR 3838, the House’s rendition of a bill enacting the National Defense Authorization Act.

It incorporates extensive wording that prohibits the Fed from researching or developing digital currency.

In July, the House narrowly passed the Republican-backed Anti-CBDC Surveillance State Act, which aims to prevent the Fed from issuing a digital currency, with a vote of 219 to 210. Its fate in the Senate remains uncertain.

The National Defense Authorization Act and its associated appropriations bills are considered essential national security legislation. They detail the military’s funding and budget allocation. Adding this provision from the anti-CBDC bill is a strategic maneuver by supporters of the CBDC ban to increase the likelihood of it passing into law.

CFTC seeks public input on spot crypto trading regulations

Caroline D. Pham, acting chair of the Commodity Futures Trading Commission (CFTC), is calling for public input from crypto market participants on how the agency can better regulate spot crypto trading.

“The public feedback will assist the CFTC in carefully considering relevant issues for leveraged, margined or financed retail trading on a CFTC-registered exchange as we implement the President’s directive,” Pham said on Thursday.

Comments may be submitted via the commission’s website until October 20.

This marks the second leg of the CFTC’s “crypto sprint,” an initiative to fast track the implementation of a new regulatory framework for cryptocurrencies and other digital assets in the US. Last month, the agency announced that it would explore enabling the trading of spot crypto asset contracts on CFTC-registered futures exchanges.

Ripple, SBI to bring RLUSD to Japan

Ripple and SBI Holdings (TSE:8473) unveiled plans on Thursday to bring Ripple USD (RLUSD) to Japan.

Their aim is to launch the stablecoin in early 2026. The rollout will be handled by SBI VCTrade, a licensed digital payments provider, under Japan’s new regulatory framework for stablecoins.

RLUSD, first introduced in December 2024, is backed by dollar deposits, short-term US treasuries and cash equivalents, with monthly attestations from an independent firm. Ripple says this design ensures regulatory clarity and sets the coin apart as an institutional-grade product. SBI executives described the partnership as a milestone for Japan’s financial system, stressing that the stablecoin will enhance trust and convenience for users.

Ripple officials framed RLUSD as a bridge between traditional finance and decentralized networks, particularly just days after Japan approved its first yen-based stablecoin.

ECB explores public blockchains for digital euro

The European Central Bank (ECB) is reportedly exploring major public blockchain networks, including Ethereum and Solana, in connection with its digital euro design.

Sources familiar with the matter told the Financial Times that EU officials are accelerating plans for a digital euro after the passage of the GENIUS Act deepened concerns regarding the competitive viability of a European digital currency.

Sources familiar with the matter told the news outlet that while a private blockchain was widely expected for the digital euro, a public option is now being considered more seriously.

Meanwhile, the ECB informed the Financial Times that it is exploring both centralized and decentralized technologies, including distributed ledger technologies, in the lead up to a final decision.

Austrac directs Binance to appoint external auditor

Binance is facing renewed scrutiny in Australia after the country’s financial watchdog directed it to appoint an external auditor. AUSTRAC said the exchange has failed to meet standards for anti-money laundering and counter-terrorism financing controls, citing gaps in oversight and risk management. The agency also pointed to Binance’s high staff turnover and limited senior management presence in Australia as red flags.

AUSTRAC Chief Brendan Thomas warned that global crypto exchanges must adapt to local compliance requirements, regardless of their size. The action adds to a growing list of regulatory challenges for Binance worldwide, including a record US$4.3 billion fine in the US last year for failing to block illicit users.

The company’s founder, Changpeng Zhao, is serving a four month prison sentence related to those violations. Meanwhile, in Nigeria, Binance is still battling tax evasion and illegal foreign exchange allegations, with a court trial pushed back to October.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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The National Academies of Sciences, Engineering, and Medicine — a largely taxpayer-funded body that has taken in hundreds of millions in federal dollars — is facing pushback for fast-tracking a climate review that critics say is an attempt to undermine the Trump administration’s energy agenda.

Earlier this month, Politico reported that NASEM is using ‘internal funding’ to pay for a review that will be released in September in order to ‘inform’ the Environmental Protection Agency’s move to rescind the Obama-era greenhouse gas endangerment finding, a cornerstone of climate regulation that conservatives say has strangled American energy production.

That effort is being led by molecular biologist Shirley M. Tilghman who, in addition to being a member of NASEM, serves as an External Science Advisor to the Science Philanthropy Alliance, a group tied to the progressive consulting behemoth Arabella Advisors through the New Venture Fund, a nonprofit that pushes a variety of progressive causes. 

Critics tell Fox News Digital they have concerns about the timing of this move and the possible political motives attached to the fast-tracked review. 

‘NASEM’s decision to do a fast-track study on greenhouse gas emissions and endangerment in response to the EPA rule undermines the legitimacy of the National Academies,’ Daren Bakst, Director of the Competitive Enterprise Institute’s Center for Energy and Environment, told Fox News Digital. 

‘The process shows the numerous problems with what they are doing. On August 7, NASEM announced they were doing a report to be finished in September. That is an incredible rush job that by itself undermines the legitimacy of what they are doing. Likely, the report has already been written in whole or in part, given the timing. This rush gives the impression they have their conclusions and are just working backwards. ‘

Conservatives have long argued that groups tied to Arabella Advisors operate as a ‘dark money’ network, influencing policy debates and shaping research priorities behind the scenes. This dynamic reflects a growing entanglement between research institutions and ideologically driven funding streams. 

The concern is heightened by the fact that NASEM derived roughly 58% of its budget from federal funds in 2024. The New York Times reported that ‘about 70%’ of the budget came from federal funds in 2023. 

‘To me, it seems like a move to protect NASEM’s position as the gatekeeper of official science,’ Travis Fisher, director of energy and environmental policy studies at the Cato Institute, told Fox News Digital. ‘I think it’s appropriate to ask whether government-funded researchers and organizations might have a conflict of interest in setting the terms of the climate debate. For example, it’s clear that more alarm means more research funding.’

Regarding the Arabella connection, Fisher said that ‘any overlap’ between the NASEM effort and political advocacy groups ‘deserves scrutiny.’

‘I’d like to know who pushed for NASEM’s involvement in the first place and whether ideological groups applied any pressure to get NASEM to join the political fray,’ Fisher said. ‘In any case, I’m surprised to see NASEM inject itself into inherently political fights over EPA policy.’

James Taylor, President of the Heartland Institute, told Fox News Digital that NASEM is a ‘leftist’ and ‘statist’ institution that is ‘funded by and dependent on big government.’

Fox News Digital previously reported that NASEM, sometimes referred to as NAS, has raked in hundreds of millions of dollars of taxpayer funds in recent years while doling out hefty salaries to its top brass and bankrolling a variety of left-wing initiatives. 

‘It has long since stopped being a scientific organization and is now merely a political one,’ Taylor said. 

‘For example, in a recent so-called climate science assessment, only 22% of the authors had PhDs, which was equaled by the 22% of authors who worked for environmental activist groups. Counting Democrat politicians who were also co-authors, the NAS assessment had more environmental activists writing the report than actual scientists. NAS is a joke and has no credibility at all.’

In a statement to Fox News Digital, a NASEM spokesperson said, ‘This fast-track study is being funded by private donations, and is intended to inform public comments requested by EPA.’

‘The New Venture Fund is a 501(c)(3) organization that uses a fiscal sponsorship model to support a wide range of nonpartisan projects,’ a New Venture Fund spokesperson told Fox News Digital. ‘We fully support efforts to increase funding for foundational science and proudly served as Science Philanthropy Alliance’s fiscal sponsor until it spun off in 2023.’

‘Arabella Advisors is an independent organization and one of our many vendors. They do not ‘manage’ New Venture Fund or have any say in our funding or fiscal sponsorship decisions.’

The revelation comes as the Trump administration seeks to rescind the Obama-era greenhouse gas endangerment finding, a cornerstone of climate regulation that critics say has strangled American energy production.

The 45-day public comment period for the proposal is set to end in mid-September. 

The 2009 Endangerment Finding, issued by the Environmental Protection Agency (EPA), declared that greenhouse gases like carbon dioxide, methane and nitrous oxide ‘threaten both the public health and the public welfare of current and future generations.’

This finding established the EPA’s legal obligation under the Clean Air Act to regulate greenhouse gas emissions.

In March, EPA Administrator Lee Zeldin pledged to roll back the assessment, claiming it has fueled an avalanche of regulations that have cost the U.S. economy over $1 trillion. He doubled down again in July during a speech in Indiana, delivered against a backdrop of trucks, while slamming the Biden-Harris Administration’s electric vehicle mandate.

‘With this proposal, the Trump EPA is proposing to end sixteen years of uncertainty for automakers and American consumers,’ Zeldin said, adding that regulatory relief will give U.S. consumers affordable choices when car shopping.

An Arabella spokesperson told Fox News Digital that Arabella ‘does not fund any organizations.’

‘We are a professional services firm that provides administrative and operational support such as compliance, HR, and accounting to nonprofit clients. We are not a donor and we are not a funder.’

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Hours of interviews between Jeffrey Epstein associate Ghislaine Maxwell and a federal prosecutor were released by the Department of Justice on Friday afternoon. 

During the recorded sessions in which the convicted sex offender, who was found guilty for her role in Epstein’s crimes, was granted immunity, she made several interesting claims. 

Here are 10 top takeaways. 

Claims there is no client list

Maxwell denied the existence of a black book with Epstein’s clients on it – and least to her knowledge. 

‘There is no list,’ she told Deputy Attorney General Todd Blanche. 

Maxwell said she believed the origin of rumors that there was a list came in 2009 after Epstein had finished a 13-month sex trafficking sentence in Florida, and a lawyer at Rothstein Adler involved in a civil suit against him called the FBI to say he had a ‘piece of evidence’ that belongs to Epstein.

That was ‘the list,’ she claimed, adding that she believes he became a confidential informant to the FBI.

She said he obtained the list through a sting operation involving Epstein’s former butler, who said in a deposition he had ‘handwritten notes, or a journal, whatever.’ 

Doesn’t believe Epstein killed himself

Maxwell said she doesn’t believe Epstein killed himself when he was found hanging in his New York jail cell in 2019. 

‘I do not believe he died by suicide, no,’ she told Blanche when asked. 

She added that she didn’t have any speculation about who could have killed him, but claimed the U.S. Bureau of Prisons is rife with mismanagement. 

‘If it is indeed murder, I believe it was an internal situation,’ she said, adding she didn’t believe his death was a way to silence him. 

‘I do not have any reason to believe that,’ she told Blanche. ‘And I also think it’s ludicrous because if that – I also happen to think if that is what they wanted, they would’ve had plenty of opportunity when he wasn’t in jail. And if they were worried about blackmail or anything from him, he would’ve been a very easy target.’

Never saw President Donald Trump do anything inappropriate

Maxwell said while she believes President Trump (before he was president) and Epstein were friendly, she didn’t think they were ‘close.’

‘I think they were friendly, like people are in social settings. I don’t — I don’t think they were close friends or I certainly never witnessed the president in any of — I don’t recall ever seeing him in his house, for instance.’ she said. ‘I actually never saw the president in any type of massage setting.’

She added, ‘I never witnessed the president in any inappropriate setting in any way. The president was never inappropriate with anybody. In the times that I was with him, he was a gentleman in all respects.’ 

Former President Bill Clinton never went to Epstein’s island 

Maxwell claimed that former President Bill Clinton, whose name has previously been linked to Epstein, ‘absolutely never went’ to Epstein’s Caribbean island where sex trafficking of young girls took place. 

She added, ‘I can be sure of that because there’s no way he would’ve gone – I don’t believe there’s any way that he would’ve gone to the island, had I not been there. Because I don’t believe he had 16 an independent friendship, if you will, with Epstein.’ 

She also said that Clinton was her friend, not Epstein’s, and that she knew him through the Clinton Global Initiative and was part of the inception of the organization. 

Calls Epstein ‘disgusting,’ but doesn’t believe he’s guilty of everything he was accused of 

Maxwell called Epstein ‘disgusting’ in the interview but said she doesn’t believe he was guilty of all the accusations. 

‘I do believe that Epstein did a lot of, not all, but some of what he’s accused of, and I’m not here to defend him in any respect whatsoever,’ Maxwell told Blanche. ‘I don’t want to, and I don’t think he requires, nor deserves any type of protection or – from me in any way, to sugarcoat what he did or didn’t do.’

She added, ‘This is one man. He’s not some – they’ve made him into this – he’s not that interesting. He’s a disgusting guy who did terrible things to young kids.’

Never saw Prince Andrew do anything inappropriate and believes the photo of him with accuser Virginia Giuffre is fake

Maxwell told Blanche that she also never saw Prince Andrew do anything inappropriate while she was with him, adding that she believes the infamous photo of the prince with his hand around accuser Virginia Giuffre when she was 17 isn’t real. 

‘I believe it’s literally a fake photo,’ she said of the picture, purported to have been taken at her former London townhouse. ‘I do not know that they met.’

Giuffre died of suicide earlier this year. She had accused the royal of forcing her into sex inside Maxwell’s home in London’s ritzy Belgravia neighborhood. The prince was relieved of his royal duties amid fallout from the scandal but has always denied allegations of wrongdoing. He agreed to pay Giuffre an undisclosed settlement in 2022 and to donate to her charity for crime victims.

Maxwells claims she has memory problems after being on suicide watch for 2 years

Maxwell claimed to Blanche her ‘memory’s not as good as it was’ because she was kept on suicide watch at the Metropolitan Detention Center in Brooklyn after her arrest for nearly two years, and she was woken up every 15 minutes. 

She said because of her memory lapses she had taken notes before the interviews, and throughout the interview still struggled to recall many details. 

Claims Epstein had a heart condition and told her he couldn’t have sex often

Maxwell said that when she traveled with Epstein, they slept in the same bed, but he told her he had a heart condition and couldn’t have sex frequently. 

‘Which meant that he didn’t have intercourse a lot, which suited me fine, because I actually do have a medical condition, which precludes me having a lot of intercourse,’ she told Blanche. 

She added that she didn’t know the exact nature of the condition, but he liked ‘other forms of sexual activities.’

Claims Epstein never loved her and said she wasn’t his type and that he told people to lie to her 

Maxwell told Blanche she and Epstein had a friends with benefits relationship while she was working with him, but at one point Epstein said that one of his associates didn’t want to be seen with her too much because of her father’s company’s embezzlement accusations. 

But she said she believed that was all a ruse just to keep her from traveling with Epstein. 

‘Today – not contemporaneously, but today I don’t believe that that’s even true. I think it was used as a means to not have me travel with him to Ohio or whatever. It was just a way to park me,’ she said.

She added that after her arrest during the legal discovery process she saw evidence that ‘he would actively tell other people to lie to me or conceal things from me, and that he never loved me and I wasn’t his type.’ 

Claims Epstein took testosterone, which altered his character 

Maxwell also claimed that in the late ‘90s, Epstein started taking testosterone, ‘and that altered his character.’

While discussing the frequency at which he got sexual massages, she said the testosterone both made him more ‘aggressive’ and she thought it likely ‘altered his desires.’

Maxwell is serving a 20-year prison sentence for sex trafficking of minors. 

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Justice Ketanji Brown Jackson criticized on Thursday what she said were the ‘recent tendencies’ of the Supreme Court to side with the Trump administration, providing her remarks in a bitter dissent in a case related to National Institutes of Health grants.

Jackson, a Biden appointee, rebuked her colleagues for ‘lawmaking’ on the shadow docket, where an unusual volume of fast, preliminary decision-making has taken place related to the hundreds of lawsuits President Donald Trump’s administration has faced.

‘This is Calvinball jurisprudence with a twist. Calvinball has only one rule: There are no fixed rules. We seem to have two: that one, and this Administration always wins,’ Jackson wrote.

The liberal justice pointed to the Oxford English Dictionary’s definition of Calvinball, which describes it as the practice of applying rules inconsistently for self-serving purposes.

Jackson, the high court’s most junior justice, said the majority ‘[bent] over backwards to accommodate’ the Trump administration by allowing the NIH to cancel about $783 million in grants that did not align with the administration’s priorities.

Some of the grants were geared toward research on diversity, equity and inclusion; COVID-19; and gender identity. Jackson argued the grants went far beyond that and that ‘life-saving biomedical research’ was at stake.

‘So, unfortunately, this newest entry in the Court’s quest to make way for the Executive Branch has real consequences, for the law and for the public,’ Jackson wrote.

The Supreme Court’s decision was fractured and only a partial victory for the Trump administration.

In a 5-4 decision greenlighting, for now, the NIH’s existing grant cancellations, Chief Justice John Roberts sided with the three liberal justices. In a second 5-4 decision that keeps a lower court’s block on the NIH’s directives about the grants intact, Justice Amy Coney Barrett, a Trump appointee, sided with Roberts and the three liberals. The latter portion of the ruling could hinder the NIH’s ability to cancel future grants.

The varying opinions by the justices came out to 36 pages total, which is lengthy relative to other emergency rulings. Jackson’s dissent made up more than half of that.

George Washington University law professor Jonathan Turley observed in an op-ed last month a rise in ‘rhetoric’ from Jackson, who garnered a reputation as the most vocal justice during oral arguments upon her ascension to the high court.

‘The histrionic and hyperbolic rhetoric has increased in Jackson’s opinions, which at times portray her colleagues as abandoning not just the Constitution but democracy itself,’ Turley said.

Barrett had sharp words for Jackson in a recent highly anticipated decision in which the Supreme Court blocked lower courts from imposing universal injunctions on the government. Barrett accused Jackson of subscribing to an ‘imperial judiciary’ and instructed people not to ‘dwell’ on her colleague’s dissent.

Barrett, the lone justice to issue the split decision in the NIH case, said challenges to the grants should be brought by the grant recipients in the Court of Federal Claims.

But Barrett said ‘both law and logic’ support that the federal court in Massachusetts does have the authority to review challenges to the guidance the NIH issued about grant money. Barrett joined Jackson and the other three in denying that portion of the Trump administration’s request, though she said she would not weigh in at this early stage on the merits of the case as it proceeds through the lower courts.

Jackson was dissatisfied with this partial denial of the Trump administration’s request, saying it was the high court’s way of preserving the ‘mirage of judicial review while eliminating its purpose: to remedy harms.’

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As the 11th member of former President Joe Biden’s administration appeared before the House Oversight Committee this week, Fox News Digital asked senators on Capitol Hill if former Vice President Kamala Harris should testify next. 

‘I think they should take her behind closed doors and figure out what she knows and what she’s willing to talk about,’ Sen. Roger Marshall, R-Kan., said. 

House Oversight Committee Chair James Comer, R-Ky., is leading the investigation into the alleged cover-up of Biden’s cognitive decline and use of the autopen during his tenure as president. 

Comer said on Fox News’ ‘The Ingraham Angle’ last month that the ‘odds’ of Harris getting a subpoena to appear before the House Oversight Committee are ‘very high.’ 

While Marshall told Fox News Digital that Harris should testify, he admitted, ‘I don’t think you need her testimony to show Americans what I knew as a physician a long time ago, that Joe Biden had a neurodegenerative disease of some sort.’

Marshall has a medical degree from the University of Kansas and practiced medicine for more than 25 years before running for public office. 

‘All you had to do is look at his very fixed, flat face,’ Marshall explained. ‘Look at his gait, the way he walked. He had a shuffled walk. He didn’t move his arms, hardly at all. When he talked, it was very monotone, a very soft voice. He had malingering thought processes. I don’t think it took much to figure that out.’

After listing the former president’s symptoms, the Kansas senator lamented that Biden ‘turned weakness into war,’ creating a national security threat. 

During Biden’s presidency, the United States’ withdrawal from Afghanistan resulted in the death of 13 U.S. soldiers, Russia invaded Ukraine and Hamas attacked Israel, triggering the ongoing war in Gaza.

But as Republicans demand transparency, Sen. Richard Blumenthal, D-Conn., told Fox News Digital that he is far more worried about the ‘challenges we face right now,’ particularly on the economy, inflation and the impact of Trump’s tariff policies. 

Meanwhile, Sen. John Hoeven R-N.D., defended the accountability argument, telling Fox News Digital that Americans ‘always want more information and more transparency.’

‘If you’re involved in an administration, you [should] always be willing to come in and say what you did and why you did it, and you know what it’s all about. I mean, that’s how it works, and that’s what the American people want,’ he said. 

Fox News Digital reached out to Biden and Harris for comment but did not immediately receive a response. 

Fox News Digital’s Elizabeth Elkind contributed to this report. 

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Cracker Barrel Old Country Store, the chain of southern-style restaurants with a gift shop that lines highways across America, has gotten a makeover. Their logo has lost the ‘Old Country Store’ tagline, as well as the iconic man in a chair resting his arm on a barrel in favor of the words Cracker Barrel in text only. Inside, per patron videos of remodeled locations, gone is the dark nostalgic feel replaced with a sterile renovation. The knick-knacks have gone from quirky kitsch from yesteryear to something you might see in a suburban craft store. 

While the company’s CEO has said that initial reaction to these changes was positive, the verdict across social media was very much the opposite. The new look removes the old-school charm and character that was central to the brand’s identity for decades. 

Cracker Barrel is just the latest in a string of companies, including Jaguar more recently and even Coca-Cola in the mid-’80s with their New Coke rollout, to violate the critical principle of making sure that you do not alienate your loyal customer base. 

I wear many hats in business and have more than 20 years of experience as an advocate for loyal customers and clients in business, working in an outsourced CCO (Chief Customer Officer) function and sharing my proprietary customer loyalty models via speeches and consulting with both the biggest companies in the world and a variety of small and mid-sized businesses. And I firmly believe that one of a company’s most important assets isn’t listed on its balance sheet: the company’s loyal customers. 

Loyal customers are easier to sell more to, both in frequency of purchases and upsells, because they already love your business and have often given you permission to communicate with them and build a relationship. They are also excellent advocates for generating new business via their own advertising efforts — word of mouth, posts on social media and more. 

While it is a challenge for companies to continually grow, and publicly traded companies are under even more pressure to do so, mathematically, growth becomes harder if you are losing customers from your key customer base. 

If you make your customers believe you do not care about them and their relationship with your brand and company, it is going to be very difficult for you to be successful in your business. This is the stark reality many businesses who have sought out new customers have faced lately. It’s fine to reach new customers, but you must do it carefully and in a way that doesn’t simultaneously burn goodwill with your existing customers. 

New customers should never be treated better or given more weight than existing, loyal customers. 

In my own social media post resharing a video of a Cracker Barrel dining room remodel, I received thousands of interactions. Among the majority comments from long-time customers expressing their displeasure at the changes, one other comment stood out. The poster said, ‘I don’t eat there but it looks nice to me.’ 

And that is the crux of the issue. The poster is not a customer, and based on the comment, is not likely to become a customer. So, seeking her approval is not a revenue-enhancing win for the company. Maybe it gets some ROE (return on ego) points for the marketing team, but it doesn’t get ROI (return on investment) for shareholders.  

For Cracker Barrel, losing character in a time when corporatization is making everything around us bland and soulless feels like something enjoyable from the past is being killed off. And for a brand which has been based on nostalgia — from their décor to their nostalgic candy and wares in their adjacent store — it doesn’t make a lot of sense.  

I am a long-time Cracker Barrel patron. I stop in whenever I am on the road. And as a long-time customer, as well as business advisor and executive, I can tell you that Cracker Barrel’s logo was not their issue.  

My last stop in was in June on a road trip. I noted that I hadn’t been there in a while prior, because I hadn’t been on the road much. And in a moment where convenience is a part of the equation and DoorDash has taken hold of younger generations, it is harder to get touchpoints with a brand, even if you want them. This is a much bigger strategic endeavor that Cracker Barrel needs to think through. 

My other issue was the menu. They had taken off my favorite item and their hashbrown casserole tasted off — the food overall wasn’t as fresh as I had experienced in the past. In my social media post, there were several comments about a decline in food quality over recent years. Making the menu and food quality rock-solid is critical for a restaurant, particularly when consumers are trying to stretch their dollars. 

Cracker Barrel isn’t the first and certainly won’t be the last company to fall into the trap of thinking that all change is good. Companies should be bringing their customer voices to the table, which can be accomplished with a CCO whose job it is to know the customers well and advocate for them within the company or other loyalty specialist advising.  

Loyalty is hard to build and easy to lose. Companies always want to attract new customers, but that isn’t effective if relationships with existing customers aren’t nurtured at the same time. 

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Shares of Cracker Barrel Old Country Store plummeted roughly 10% on Thursday after the restaurant unveiled its new logo earlier this week as part of a larger brand refresh.

The new logo removes the image of a man leaning against a barrel that was prominently featured in the original, leaving behind just the words Cracker Barrel against a yellow background. The phrase “old country store” has also been removed.

The company said the colors in the logo were inspired by the chain’s scrambled eggs and biscuits.

Cracker Barrel’s new logo.Cracker Barrel

The change is part of a “strategic transformation” to revitalize the brand that started back in May 2024. Under that mission, Cracker Barrel’s brand refresh includes updates to visual elements, restaurant spaces and food and retail offerings.

Cracker Barrel said in March that the refresh will still maintain the brand’s “rich history of country hospitality” and “authentic charm that has made the brand a beloved destination for generations of families.”

“We believe in the goodness of country hospitality, a spirit that has always defined us. Our story hasn’t changed. Our values haven’t changed,” Chief Marketing Officer Sarah Moore said in a media release.

However, many social media users have criticized the new logo, especially those in conservative circles. The president’s son, Donald Trump Jr., amplified a post on Wednesday suggesting that the logo change was led by CEO Julie Felss Masino to erase the American tradition aspect of the branding and make it more general, as a way of leaning into diversity, equity and inclusion efforts.

Conservative activist Robby Starbuck added his commentary on Thursday, writing in a post on X, “Good morning @CrackerBarrel! You’re about to learn that wokeness really doesn’t pay.”

The company has a relatively small market cap of about $1.2 billion compared with other restaurant chains.

Customers have also complained on social media about the interior redesign of many Cracker Barrel restaurants, saying that the new decor favors a more sterile and modern style over its tried-and-true country feel.

On the restaurant’s latest earnings call in June, Masino said Cracker Barrel had completed 20 remodels and 20 refreshes. She said the company will be sharing more information about the remodeling initiative in September.

“Employees had given us great feedback about working in those newly remodeled and refreshed stores and guests continue to tell us that they’re lighter, brighter, more welcoming and they’re enjoying them,” Masino said on the call.

Cracker Barrel is not the only stock to see large swings based on political social media posts.

Earlier this month, shares of American Eagle soared after Trump posted that an ad featuring Sydney Sweeney, which faced significant social media pushback from the left, was “the ‘HOTTEST’ ad out there.”

Back in 2023, Anheuser-Busch InBev faced heavy criticism from conservatives after a collaboration between Bud Light and social influencer Dylan Mulvaney, who is transgender.

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