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Attorney General Pam Bondi directed her staff Monday to act on the criminal referral from Director of National Intelligence Tulsi Gabbard related to the alleged conspiracy to tie President Donald Trump to Russia, and the Department of Justice is now opening a grand jury investigation into the matter, Fox News Digital has learned.

Bondi ordered an unnamed federal prosecutor to initiate legal proceedings, and the prosecutor is expected to present department evidence to a grand jury to secure a potential indictment, according to a letter from Bondi reviewed by Fox News Digital and a source familiar with the investigation.

A DOJ spokesperson declined to comment on the report of an investigation but said Bondi is taking the referrals from Gabbard ‘very seriously.’ The spokesperson said Bondi believed there is ‘clear cause for deep concern’ and a need for the next steps.

The DOJ confirmed two weeks ago it received a criminal referral from Gabbard. The referral included a memorandum titled ‘Intelligence Community suppression of intelligence showing ‘Russian and criminal actors did not impact’ the 2016 presidential election via cyber-attacks on infrastructure’ and asked that the DOJ open an investigation.

No charges have been brought at this stage against any defendants. A grand jury investigation is needed to secure an indictment against any potential suspects.

The revelation that the DOJ is moving forward with a grand jury probe comes after Gabbard declassified intelligence in July that shed new light on the Obama administration’s allege determination that Russia sought to help Trump in the 2016 election.

Former President Barack Obama and his intelligence officials allegedly promoted a ‘contrived narrative that Russia interfered in the 2016 election to help President Trump win, selling it to the American people as though it were true. It wasn’t,’ Gabbard said during a press briefing of the intelligence.

Among the declassified material was a meeting record revealing how Obama allegedly requested his deputies prepare an intelligence assessment in December 2016, after Trump had won the election, that detailed the ‘tools Moscow used and actions it took to influence the 2016 election.’ 

That intelligence assessment stressed that Russia’s actions did not affect the outcome of the election but rather were intended to sow distrust in the democratic process.

It is unclear who is under investigation and what charges could be in play given statutes of limitations for much of the activity from nearly a decade ago have lapsed.

Former Obama intelligence officials, including John Brennan, James Clapper and James Comey have drawn scrutiny from Trump officials for their involvement in developing intelligence that undermined Trump’s 2016 victory.

This is a developing story. Check back for updates.

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A federal court fight over President Donald Trump’s authority to unilaterally impose sweeping tariffs on U.S. trading partners is expected to be appealed to the Supreme Court for review, legal experts told Fox News Digital, in a case that has already proved to be a pivotal test of executive branch authority.

At issue in the case is Trump’s ability to use a 1977 emergency law to unilaterally slap steep import duties on a long list of countries doing business with the U.S.

In interviews with Fox News Digital, longtime trade lawyers and lawyers who argued on behalf of plaintiffs in court last week said they expect the ruling from the U.S. Court of Appeals for the Federal Circuit in a matter of ‘weeks,’ or sometime in August or September – in line with the court’s agreement to hear the case on an ‘expedited’ basis.

The fast-track timeline reflects the important question before the court: whether Trump exceeded his authority under the International Emergency Economic Powers Act (IEEPA) when he launched his sweeping ‘Liberation Day’ tariffs.

 

Importantly, that timing would still allow the Supreme Court to add the case to their docket for the 2025-2026 term, which begins in early October. That could allow them to rule on the matter as early as the end of the year. 

Both Trump administration officials and lawyers for the plaintiffs said they plan to appeal the case to the Supreme Court if the lower court does not rule in their favor. And given the questions at the heart of the case, it is widely expected that the high court will take up the case for review.

In the meantime, the impact of Trump’s tariffs remains to be seen. 

Legal experts and trade analysts alike said last week’s hearing is unlikely to forestall the broader market uncertainty created by Trump’s tariffs, which remain in force after the appeals court agreed to stay a lower court decision from the U.S. Court of International Trade. 

Judges on the three-judge CIT panel in May blocked Trump’s use of IEEPA to stand up his tariffs, ruling unanimously that he did not have ‘unbounded authority’ to impose tariffs under that law. 

Thursday’s argument gave little indication as to how the appeals court would rule, plaintiffs and longtime trade attorneys told Fox News Digital, citing the tough questions that the 11 judges on the panel posed for both parties.

Dan Pickard, an attorney specializing in international trade and national security issues at the firm Buchanan Ingersoll & Rooney, said the oral arguments Thursday did not seem indicative of how the 11-judge panel might rule.

‘I don’t know if I walked out of that hearing thinking that either the government is going to prevail, or that this is dead on arrival,’ Pickard told Fox News Digital. ‘I think it was more mixed.’

Lawyers for the plaintiffs echoed that assessment – a reflection of the 11 judges on the appeals bench, who had fewer chances to speak up or question the government or plaintiffs during the 45 minutes each had to present their case. 

‘I want to be very clear that I’m not in any way, shape or form, predicting what the Federal Circuit will do – I leave that for them,’ one lawyer for the plaintiffs told reporters after court, adding that the judges, in his view, posed ‘really tough questions’ for both parties.

Oregon Attorney General Dan Rayfield, who helped represent the 12 states suing over the plan, told Fox News Digital they are ‘optimistic’ that, based on the oral arguments, they would see at least a partial win in the case, though he also stressed the ruling and the time frame is fraught with uncertainty.

In the interim, the White House forged ahead with enacting Trump’s tariffs as planned.

Pickard, who has argued many cases before the Court of International Trade and the U.S. Court of Appeals for the Federal Circuit, noted that the oral arguments are not necessarily the best barometer for gauging the court’s next steps – something lawyers for the plaintiffs also stressed after the hearing.

Even if the high court blocks the Trump administration from using IEEPA, they have a range of other trade tools at their disposal, trade lawyers told Fox News. 

The Trump administration ‘has had more of a focus on trade issues than pretty much any other administration in my professional life,’ Pickard said. 

‘And let’s assume, even for the sake of the argument, just hypothetically, that the Supreme Court says this use of IEEPA exceeded your statutory authority. The Trump administration is not going to say, like, ‘All right, well, we’re done. I guess we’re just going to abandon any trade policy.’

‘There are going to be additional [trade] tools that had been in the toolbox for long that can be taken out and dusted off,’ he said. ‘There are plenty of other legal authorities for the president. 

‘I don’t think we’re seeing an end to these issues anytime soon – this is going to continue to be battled out in the courts for a while.’

Both Pickard and Rayfield told Fox News Digital in separate interviews that they expect the appeals court to rule within weeks, not days. 

The hearing came after Trump on April 2 announced a 10% baseline tariff on all countries, along with higher, reciprocal tariffs targeting select nations, including China. The measures, he said, were aimed at addressing trade imbalances, reducing deficits with key trading partners, and boosting domestic manufacturing and production.

Ahead of last week’s oral arguments, U.S. Attorney General Pam Bondi said lawyers for the administration would continue to defend the president’s trade agenda in court.

Justice Department attorneys ‘are going to court to defend [Trump’s] tariffs,’ she said, describing them as ‘transforming the global economy, protecting our national security and addressing the consequences of our exploding trade deficit.’

‘We will continue to defend the president,’ she vowed. 

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Put yourself in Hillary Clinton’s shoes. No, really. I know it’s an abhorrent thought, but imagine being Hillary, having initiated the greatest political dirty trick of all time, watching Russiagate unspool over the past decade. Think of her witnessing the country go down the granddaddy of all rabbit holes in 2017 – a rabbit hole she personally helped dig — looking for proof of Russian collusion between Donald Trump and Vladimir Putin that she knew didn’t exist. 

What was she thinking as the country hired a special prosecutor and spent tens of millions of taxpayer dollars to pursue leads that she and her campaign team had fabricated out of thin air? Was she ever remorseful? Was there ever a moment when she wanted to reel in the whole sorry deception and tell the country that she was sorry, and that she had lied?

No, there was not. Hillary Clinton even wrote a book called ‘What Happened?’ in which she blamed Putin, along with Sen. Bernie Sanders, I-Vt. and former CIA Director James Comey for her shocking loss to Donald Trump, a non-politician whom she mocked and derided. To this day, she sticks to her self-serving fable, that Russian President Vladimir Putin was out to get her and, but for his interference, she would surely have become the country’s first female president.

The reality is that Hillary Clinton was a terrible candidate, disliked and distrusted by most Americans. Polling from CNN that came out about the time of the 2016 Democrat Convention gives a taste of what voters thought of Clinton.  The Washington Post reported, ’68 percent say Clinton isn’t honest and trustworthy… her worst number on-record….  The 30 percent who see Clinton as honest and trustworthy is now well shy of the number who say the same of Trump: 43 percent.’ 

The public was right not to trust Clinton; the more we learn about Russiagate, and her role in it, the more apparent that is. 

Any normal person would conclude that Clinton, whose approval rating CNN pegged at a dismal 31% in July 2016, was not a shoo-in come the November election. Barack Obama had been president for eight years and the country had become less Democrat-leaning during his term; only 31% of the nation identified as Democrat in 2016, while 36% had described themselves as true blue in 2008, when he was first elected. 

Though expressing confidence that she would win, maybe Hillary knew she had to pull out all stops to beat Donald Trump. Perhaps that’s why she signed off on two dirty tricks that led to the despicable undermining of Donald Trump’s presidency. 

First, her former campaign manager Robby Mook testified in court that she personally approved her campaign’s scheme in October 2016 to tell a Slate magazine reporter about an unverified server backchannel between the Trump Organization and Alfa bank in Moscow. This supposed connection formed the first step in trying to convince the public that Donald Trump was a tool of Vladimir Putin. The purported link never existed, but it was widely publicized by Hillary’s supporters and the legacy media (I repeat myself), creating suspicion in the public’s mind. 

After the Slate story emerged, weeks before the election, Hillary put out a tweet claiming ‘Computer scientists have apparently uncovered a covert server linking the Trump Organization to a Russian-based bank,’ followed up by a news release in which she said, ‘This secret hotline may be the key to unlocking the mystery of Trump’s ties to Russia.’ 

The FBI subsequently concluded no ‘hotline,’ indeed no link, ever existed. Interestingly, another apparatchik pushing the Trump-Alfa bank lie was Jake Sullivan, later presumably rewarded by President Joe Biden appointing the unknown politico to be National Security Adviser. 

Of course, the bigger and more destructive Russia collusion lie that Hillary helped originate came from the salacious allegations contained in the Steele dossier, paid for by the Clinton campaign, which led to the longtime investigation into Russian interference and the appointment of Special Counsel Robert Mueller. This is a fact, verified by the fact that the Federal Election Commission under Biden penalized the campaign and the DNC for lying about having funded that opposition research. 

The story, however, goes on. New revelations have revived accusations that Hillary Clinton, as well as Barack Obama, James Comey, John Brennan and others manipulated intelligence and facts to feed the public even more lies about Donald Trump’s supposed ties to Russia. 

Amazingly, the New York Times has again leapt into the breach to protect Clinton, perhaps concerned they might lose their 2018 Pulitzer earned for helping promote a fake news story. They reference, ‘An annex to a report by the special counsel John H. Durham’ but claim the disclosures are an effort by ‘the Trump team [seeking] to distract from the Jeffrey Epstein files.’ They write that GOP allegations that ‘Mrs. Clinton had approved a campaign proposal to tie Mr. Trump to Russia to distract from the scandal over her use of a private email server’ is not valid because…the damning emails contained in the annex are likely fabrications from Russian spies. Sure. 

Will we ever know the complete truth about the plot hatched to discredit the Trump presidency? Probably not, and it is probably also true that key players like Hillary Clinton will never be held accountable.

But, as Hillary watches the ongoing revelations coming from the Trump White House, we can also imagine that she is getting her comeuppance. Her treachery and deceit -– knowing how badly she has abused the public’s trust — has surely shriveled her soul, leaving her bitter and defeated. 

People now see her as a corrupt schemer, someone who knew she could not win an election on her merits and so resorted to lies and fabrications that hurt the country. 

We also now see her as someone who didn’t just attack President Trump, but also the 61 million Americans who voted for him in 2016.

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For decades, T-shirts, sweatshirts and other clothing under the Columbia Sportswear brand and clothing emblazoned with the Columbia University name coexisted more or less peacefully without confusion.

But now, the Portland-based outdoor retailer has sued the New York-based university over alleged trademark infringement and a breach of contract, among other charges. It claims that the university’s merchandise looks too similar to what’s being sold at more than 800 retail locations including more than 150 of its branded stores as well as its website and third-party marketplaces.

In a lawsuit filed July 23 in the U.S. District Court for the District of Oregon, Columbia Sportswear, whose roots date back to 1938, alleges that the university intentionally violated an agreement the parties signed on June 13, 2023. That agreement dictated how the university could use the word “Columbia” on its own apparel.

As part of the pact, the university could feature “Columbia” on its merchandise provided that the name included a recognizable school insignia or its mascot, the word “university,” the name of the academic department or the founding year of the university — 1754 — or a combination.

But Columbia Sportswear alleges the university breached the agreement a little more than a year later, with the company noticing several garments without any of the school logos being sold at the Columbia University online store.

Many of the garments feature a bright blue color that is “confusingly similar” to the blue color that has long been associated with Columbia Sportswear, the suit alleged.

The lawsuit offered photos of some of the Columbia University items that say only Columbia.

“The likelihood of deception, confusion, and mistake engendered by the university’s misappropriation and misuse of the Columbia name is causing irreparable harm to the brand and goodwill symbolized by Columbia Sportswear’s registered mark Columbia and the reputation for quality it embodies,” the lawsuit alleged.

The lawsuit comes at a time when Columbia University has been threatened with the potential loss of billions of dollars in government support.

Last week, Columbia University reached a deal with the Trump administration to pay more than $220 million to the federal government to restore federal research money that was canceled in the name of combating antisemitism on campus.

Under the agreement, the Ivy League school will pay a $200 million settlement over three years, the university said.

Columbia Sportswear aims to stop all sales of clothing that violate the agreement, recall any products already sold and donate any remaining merchandise to charity. Columbia Sportswear is also seeking three times the amount of actual damages determined by a jury.

Neither Columbia Sportswear or Columbia University couldn’t be immediately reached for comment.

This post appeared first on NBC NEWS

LAS VEGAS — When Susana Pacheco accepted a housekeeping job at a casino on the Las Vegas Strip 16 years ago, she believed it was a step toward stability for her and her 2-year-old daughter.

But the single mom found herself exhausted, falling behind on bills and without access to stable health insurance, caught in a cycle of low pay and little support. For years, she said, there was no safety net in sight — until now.

For 25 years, her employer, the Venetian, had resisted organizing efforts as one of the last holdouts on the Strip, locked in a prolonged standoff with the Culinary Workers Union. But a recent change in ownership opened the Venetian’s doors to union representation just as the Strip’s newest casino, the Fontainebleau, was also inking its first labor contract.

The historic deals finalized late last year mark a major turning point: For the first time in the Culinary Union’s 90-year history, all major casinos on the Strip are unionized. Backed by 60,000 members, most of them in Las Vegas, it is the largest labor union in Nevada. Experts say the Culinary Union’s success is a notable exception in a national landscape where union membership overall is declining.

“Together, we’ve shown that change can be a positive force, and I’m confident that this partnership will continue to benefit us all in the years to come,” Patrick Nichols, president and CEO of the Venetian, said shortly after workers approved the deal.

Pacheco says their new contract has already reshaped her day-to-day life. The housekeeper no longer races against the clock to clean an unmanageable number of hotel suites, and she’s spending more quality time with her children because of the better pay and guaranteed days off.

“Now with the union, we have a voice,” Pacheco said.

These gains come at a time when union membership nationally is at an all-time low, and despite Republican-led efforts over the years to curb union power. About 10% of U.S. workers belonged to a union in 2024, down from 20% in 1983, the first year for which data is available, according to U.S. Bureau of Labor statistics.

President Donald Trump in March signed an executive order seeking to end collective bargaining for certain federal employees that led to union leaders suing the administration. Nevada and more than two dozen other states now have so-called “right to work” laws that let workers opt out of union membership and dues. GOP lawmakers have also supported changes to the National Labor Relations Board and other regulatory bodies, seeking to reduce what they view as overly burdensome rules on businesses.

Ruben Garcia, professor and director of the workplace program at the University of Nevada, Las Vegas law school, said the Culinary Union’s resilience stems from its deep roots in Las Vegas, its ability to adapt to the growth and corporatization of the casino industry, and its long history of navigating complex power dynamics with casino owners and operators.

He said the consolidation of casinos on the Las Vegas Strip mirrors the dominance of the Big Three automakers in Detroit. A few powerful companies — MGM Resorts International, Caesars Entertainment and Wynn Resorts — now control most of the dozens of casinos along Las Vegas Boulevard.

“That consolidation can make things harder for workers in some ways, but it also gives unions one large target,” Garcia said.

That dynamic worked in the union’s favor in 2023, when the threat of a major strike by 35,000 hospitality workers with expired contracts loomed over the Strip. But a last-minute deal with Caesars narrowly averted the walkout, and it triggered a domino effect across the Strip, with the union quickly finalizing similar deals for workers at MGM Resorts and Wynn properties.

The latest contracts secured a historic 32% bump in pay over the life of the five-year contract. Union casino workers will earn an average $35 hourly, including benefits, by the end of it.

The union’s influence also extends far beyond the casino floor. With its ability to mobilize thousands of its members for canvassing and voter outreach, the union’s endorsements are highly coveted, particularly among Democrats, and can signal who has the best shot at winning working-class votes.

The union’s path hasn’t always been smooth though. Michael Green, a history professor at UNLV, noted the Culinary Union has long faced resistance.

“Historically, there have always been people who are anti-union,” Green said.

Earlier this year, two food service workers in Las Vegas filed federal complaints with the National Labor Relations Board, accusing the union of deducting dues despite their objections to union membership. It varies at each casino, but between 95 to 98% of workers opt in to union membership, according to the union.

“I don’t think Culinary Union bosses deserve my support,” said one of the workers, Renee Guerrero, who works at T-Mobile Arena on the Strip. “Their actions since I attempted to exercise my right to stop dues payments only confirms my decision.”

But longtime union members like Paul Anthony see things differently. Anthony, a food server at the Bellagio and a Culinary member for nearly 40 years, said his union benefits — free family health insurance, reliable pay raises, job security and a pension — helped him to build a lasting career in the hospitality industry.

“A lot of times it is an industry that doesn’t have longevity,” he said. But on the Strip, it’s a job that people can do for “20 years, 30 years, 40 years.”

Ted Pappageorge, the union’s secretary-treasurer and lead negotiator, said the union calls this the “Las Vegas dream.”

“It’s always been our goal to make sure that this town is a union town,” he said.

This post appeared first on NBC NEWS

Former Vice President Kamala Harris is back in the national spotlight with her forthcoming book about her short-lived 2024 White House campaign, and she is generating a buzz about whether she’ll try again in 2028.

While politicos are keenly watching Harris for her next moves, she’s also being eyed by House Oversight Committee Chair James Comer, R-Ky., who is investigating whether top Biden administration officials covered up evidence of a mental decline in former President Joe Biden.

Comer all but guaranteed his committee would be contacting Harris during an appearance on ‘The Ingraham Angle’ last week. He joined Fox News Channel just after Harris announced she would not be running for governor of California, as some have speculated, and will instead embark on a listening tour to hear from Americans and try to boost fellow Democrats across the country. 

‘I think that that’s another great thing about Kamala Harris not running for governor – she’s gonna have more time to come before the House Oversight Committee and testify about Joe Biden’s cognitive decline,’ Comer said. ‘So I think that the odds of Kamala Harris getting a subpoena are very high.’

During a recent appearance on ‘The Late Show with Stephen Colbert,’ Harris distanced herself from any immediate electoral ambitions. She emphasized she wanted to hear from all voters, however, not necessarily ruling out a future presidential run.

‘I believe, and I always believed, that as fragile as our democracy is, our systems would be strong enough to defend our most fundamental principles. And I think right now that, they’re not as strong as they need to be,’ Harris said.

‘And I just don’t want to for now, I don’t want to go back in the system. I want to, I want to travel the country. I want to listen to people. I want to talk with people. And I don’t want it to be transactional, where I’m asking for their vote.’

Jonathan Turley, a Fox News contributor and professor at George Washington University Law School, told Fox News Digital the optics of a congressional subpoena would be less than ideal for a potential 2028 candidate.

‘This is a tough question for Harris, who clearly has aspirations to run again,’ Turley said when asked if he would advise Harris to appear. ‘The committee can compel her to appear. However, the optics of forcing a subpoena are not exactly optimal for someone who wants to run again for this office.’

He added, however, that Harris would be a ‘natural’ target for Comer’s probe.

‘Harris held a unique spot within the inner circle of the White House,’ Turley said.

But both he and former House Oversight Committee ChairTrey Gowdy, R-S.C., now a Fox News Channel host, were doubtful that bringing Harris in would yield much new information.

‘Is it worth investigating? Absolutely. Is it worth getting her take on it? Yeah. Is she going to cooperate? No,’ Gowdy told Fox News Digital. 

The former South Carolina congressman, who also served as a federal prosecutor, predicted that Harris’ lawyers would seek to bury any potential appearance in a quagmire of legal proceedings stemming from executive and/or presidential privilege claims.

‘That privilege has been invoked by both parties repeatedly during congressional investigations,’ Gowdy said.

‘Leaving the names out of it, just for the sake of an analogy, I can’t think of an advisor that would be closer to a president than his or her vice president. So, by the time you’re litigating the issue of whether or not you can compel a vice president to talk about conversations that he or she had with a chief of staff, with a spouse, with the president, with the president’s physician – you’ll be as old as I am by the time that’s litigated.’

Turley said House investigators would have to be armed with ‘specific’ questions to avoid someone like Harris being able to answer with ‘a matter of opinion.’

Gowdy agreed Harris was a ‘legitimate’ witness to bring in and that the issue of Biden’s autopen use, particularly for pardons, ‘warrants further scrutiny.’

He warned, however, that a potent subpoena comes with consequences for noncompliance.

‘Prosecutors can send cops and have [people] brought in. Congress can’t do that. Judges can send the marshals or the sheriff’s deputies out to bring a witness in if the witness is recalcitrant. Congress can’t do that,’ Gowdy said. ‘So your power is only as good as what you can do to enforce it.’

A spokesperson for Biden declined to comment on Comer’s subpoena threat when reached by Fox News Digital.

Spokespeople for Harris and House Oversight Committee Democrats did not return requests for comment.

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Centers for Medicare and Medicaid Services (CMS) administrator Dr. Mehmet Oz says the Trump administration plans to invest more than $200 billion ‘more dollars’ into Medicaid following the passage of the ‘One Big Beautiful Bill.’ 

‘I’m trying to save this beautiful program, this noble effort, to help folks, giving them a hand up,’ Oz told CBS’ ‘Face the Nation’ on Sunday.

‘And as you probably gather, if Medicaid isn’t able to take care of the people for whom it was designed, the young children, the dawn of their life, those who are twilight of their lives, the seniors, and those who were disabled living in the shadows, as Hubert Humphrey said, then we’re not satisfying the fundamental obligation of a moral government,’ he continued. 

Oz, the 17th administrator for CMS, said the government wants ‘an appropriate return’ on the Medicaid investment. He addressed the difference in drug costs between the U.S. and Europe, adding that work is being done by the administration in an attempt to bring drug prices down.  

Last week, the Trump administration announced it is launching a new program that will allow Americans to share personal health data and medical records across health systems and apps run by private tech companies, promising that this will make it easier to access health records and monitor wellness.

CMS will be in charge of maintaining the system, and officials have said patients will need to opt in for the sharing of their medical records and data, which will be kept secure.

Those officials said patients will benefit from a system that lets them quickly call up their own records without the hallmark difficulties, such as requiring the use of fax machines to share documents, that have prevented them from doing so in the past.

‘We’re going to have remarkable advances in how consumers can use their own records,’ Oz said during the White House event.

CMS already has troves of information on more than 140 million Americans who enroll in Medicare and Medicaid. Earlier this month, the federal agency agreed to hand over its massive database, including home addresses, to deportation officials.

The Associated Press contributed to this report. 

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President Donald Trump alleged that Senate Democrats are possibly delaying his nominees in exchange for money in a heated post on Truth Social Sunday night.

In the post, Trump accused Senate Democrats, led by Senate Minority Leader Chuck Schumer, D-N.Y., of slowing down the confirmations of more than 150 executive nominees.

‘Democrats, lead[sic] by Cryin’ Chuck Schumer, are slow walking my Nominees, more than 150 of them. They wanted us to pay, originally, two billion dollars for approvals. The Dems are CRAZED LUNATICS!!!’ the post read.

He implied that Democrats were leveraging the process to extract funding agreements — a tactic his associates have described as ‘political extortion.’

Senate Majority Leader John Thune, R-S.D., met with Schumer recently to discuss an offer during ongoing negotiations, but they have not readdressed it directly since choosing to communicate through intermediaries, according to Thune.

While Trump has urged the Senate to make quick moves, Democrats continue to block more nominees than normal.

‘I think they’re desperately in need of change,’ Thune said of Senate rules Saturday after negotiations with Schumer and Trump broke down. ‘I think that the last six months have demonstrated that this process, nominations is broken. And so I expect there will be some good robust conversations about that.’

Historically, nominees have been confirmed unanimously or by voice vote quickly, but Senate Dems have been reportedly forcing roll-call votes on many of the current nominees.

Thune told Fox News Digital that not much headway was being made as ‘the Dems are dug in on a position that’s just not working.’

Senate Republicans want to strike a deal that would send nominees with bipartisan support through committee to lightning-fast votes on the floor, but Schumer has not relented.

Trump’s claims come after the Senate left Saturday for a month-long August recess without coming to a deal on advancing dozens of nominees, which prompted him to post on Truth Social that Schumer could ‘GO TO HELL.’

Fox News Digital’s Alex Miller contributed to this report.

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The stock market’s momentum from earlier this week, which saw the S&P 500 (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) reach new record highs, came to a halt on Friday (August 1).

Investors were reacting to a series of mixed tech earnings reports. Many were accompanied by cautious forward-looking guidance despite strong top-line numbers. This sentiment was further soured by fresh economic data out of the US showing that while employment remains strong, there are signs inflation is reaccelerating.

The most significant blow, however, came from geopolitical developments that reignited global trade tensions, prompting new fears of retaliatory tariffs and the potential for a renewed surge in inflation.

1. Samsung and Tesla strike deal

Tesla (NASDAQ:TSLA) CEO Elon Musk announced a US$16.5 billion deal with Samsung Electronics (HKEX:2814) that would see the electronics conglomerate produce AI6 semiconductors for the carmaker until 2033.

Production will take place at Samsung’s new fab in Taylor, Texas. The news led to a 6.8 percent rise in Samsung’s shares on Monday (July 28), as well as a 1 percent increase for Tesla. Last week, the carmaker saw its share price decline after reporting a 12 percent drop in revenue, marking its biggest quarterly decline in over 10 years.

Musk called the deal’s strategic importance “hard to overstate’ in a post on X. “Samsung agreed to allow Tesla to assist in maximizing manufacturing efficiency. This is a critical point, as I will walk the line personally to accelerate the pace of progress. And the fab is conveniently located not far from my house,” Musk added in another post.

“The $16.5B number is just the bare minimum,” he also said. “Actual output is likely to be several times higher.”

2. Bell Canada and Cohere partner on sovereign AI

BCE (TSX:BCE,NYSE:BCE) and Canadian artificial intelligence (AI) company Cohere announced a partnership on Monday that will see them work together to provide AI services to Canadian companies and government agencies.

The deal is focused on sovereign AI, meaning all data will stay within Canada.

“At a critical time for Canada, we’re proud to partner with Cohere to create a sovereign, full-stack AI solution, custom-built to support the Canadian government and business. Working together, we will both transform Canadian businesses through cutting-edge AI capabilities, while ensuring that the data remains secure and within Canada,” said Mirko Bibic, president and CEO of BCE, previously known as Bell Canada Enterprises.

“Our partnership with Bell Canada will provide the Canadian government and enterprises with world-class options for sovereign, security-first AI,’ added Aidan Gomez, co-founder and CEO of privately owned Cohere.

This has the potential to be truly transformative for organizations looking to massively increase their productivity and efficiency without any compromise on data security and privacy.’

Under the terms of the deal, Bell will provide the physical infrastructure, including its national network and data centers. Meanwhile, Cohere will provide its powerful AI models to offer a secure, all-in-one AI solution. This helps Canadian organizations adopt new technology. It also ensures their sensitive information is kept safe at home.

3. Palo Alto Networks to acquire CyberArk

On Wednesday (July 30), Palo Alto Networks (NASDAQ:PANW) announced plans to acquire Israeli AI cybersecurity firm CyberArk Software. The Wall Street Journal had reported on Tuesday (July 29) that they were in talks.

Under the terms of the agreement, CyberArk shareholders will receive US$45 cash and 2.2005 shares of Palo Alto per share of CyberArk. Palo Alto expects the transaction to be immediately accretive to its revenue growth and gross margin, and accretive to free cash flow per share in fiscal year 2028.

In a press release announcing the acquisition, Nikesh Arora, chairman and CEO of Palo Alto, said:

“Our market entry strategy has always been to enter categories at their inflection point, and we believe that moment for Identity Security is now. This strategy has guided our evolution from a next-gen firewall company into a multi-platform cybersecurity leader. Today, the rise of AI and the explosion of machine identities have made it clear that the future of security must be built on the vision that every identity requires the right level of privilege controls, not the ‘IAM fallacy’. CyberArk is the definitive leader in Identity Security with durable, foundational technology that is essential for securing the AI era. Together, we will define the next chapter of cybersecurity.”

Udi Mokady, founder and executive chairman of CyberArk, called the news a ‘profound moment in CyberArk’s journey,’ saying that they combination will accelerate the mission it began more than two decades ago.

Palo Alto Networks performance, July 29 to August 1, 2025.

Chart via Google Finance.

The deal is expected to close in the second half of Palo Alto’s 2026 fiscal year, subject to regulatory and CyberArk shareholder approval. Although Palo Alto hit a high of US$210.39 on Tuesday, shares of the company declined by 5 percent following the announcement and closed 17.83 percent below Tuesday’s high.

4. Microsoft, Meta, Amazon and Apple report quarterly results

Microsoft (NASDAQ:MSFT) ended its fourth fiscal quarter of 2025 with record revenue, driven by strong AI and cloud service growth. Microsoft Cloud revenue exceeded US$168 billion, a 23 percent increase, and Intelligent Cloud, including Azure, grew 26 percent to US$29.9 billion, with Azure up 39 percent. Although significant AI investments (over 100 million monthly Copilot users) caused a slight gross margin dip, the firm’s operating income rose 23 percent.

CEO Satya Nadella expressed confidence in long-term growth. For her part, CFO Amy Hood noted that commercial bookings surpassed US$100 billion; she anticipates double-digit revenue and operating income growth in the 2026 fiscal year, though data center capacity may remain constrained through the first half of the period.

Meta Platforms (NASDAQ:META) also had a positive Q2, with revenue up 22 percent to US$47.52 billion and net income up 36 percent to US$18.34 billion. Earnings per share rose 38 percent to US$7.14.

CEO Mark Zuckerberg highlighted the company’s focus on “personal superintelligence.”

The Family of Apps saw daily active people increase 6 percent to 3.48 billion, and advertising revenue grew with impressions up 11 percent and average price per ad up 9 percent.

Q3 revenue is projected to be US$47.5 billion to US$50.5 billion. However, regulatory challenges in the EU could impact European revenue. Meta is also heavily investing in AI and infrastructure, with 2025 capital expenditures narrowed to US$66 billion to US$72 billion, and similar growth expected in 2026.

Microsoft, Apple, Meta Platforms and Amazon performance, July 29 to August 1, 2025. 

Chart via Google Finance.

Amazon (NASDAQ:AMZN) delivered a strong second quarter, with overall net sales growing 13 percent year-on-year to $167.7 billion. The company’s net income also saw a significant increase, rising 35 percent year-on-year to $18.16 billion.

The growth was fueled by strong performance across all three of its major segments. The North America segment, which accounted for 60 percent of total net sales, saw a revenue increase of 11 percent year-on-year to $100.07 billion.

The International segment saw its net sales grow by 16 percent year-on-year to $36.76 billion, with a particularly notable 448 percent increase in operating income. Amazon Web Services continued its steady performance, with net sales reaching $30.87 billion, up 17 percent year-on-year. Despite its strong revenue growth, the company’s trailing 12 month free cashflow declined by 66 percent year-on-year to $18.18 billion.

Finally, Apple (NASDAQ:AAPL) posted strong results for its third fiscal quarter of 2025, with total net sales increasing to US$94.04 billion, up from US$85.78 billion in the same quarter last year.

The company’s net income rose to US$23.43 billion, an increase from US$21.45 billion year-on-year. This performance translated to earnings per share of US$1.57, up from US$1.40 in the prior year. The growth was primarily driven by its products and services, with the iPhone and Mac categories seeing notable increases in net sales. Apple’s services segment also continued its expansion, with sales rising to US$27.42 billion from US$24.21 billion a year ago.

5. Figma makes public debut

Figma’s highly anticipated initial public offering (IPO) generated significant buzz this week, with its share price and valuation surging dramatically on its first day of trading.

On Monday, Figma increased its IPO price range to US$30 to US$32 a share, up from US$25 to US$28. This new pricing valued the company at up to a US$18.7 billion market cap and a US$17.2 billion enterprise value. According to Bloomberg, people familiar with the matter indicated that the IPO was approaching 40 times oversubscribed.

The company had its first day of trading on the NYSE on Thursday (July 31).

Figma’s shares surged by 250 percent from US$33 to US$115 following a blockbuster IPO, with the company raising US$1.22 billion. Its market cap reached US$67 billion by the end of the market’s close. On Friday, Figma opened at US$134.82 before pulling back alongside other major tech stocks and risk assets to finish the week at US$122. Its debut surge and end-of-day valuation made it one of the largest and most successful tech IPOs in recent memory.

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

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