The billionaire philanthropist supported Vice President Kamala Harris during the 2024 election and has committed $1 billion to supporting women's issues and reproductive rights.
Reuters/Nic Bothma
Melinda French Gates sounded off on Silicon Valley's rightward shift.
"Many people who used to say one thing, have absolutely shifted," she said.
She added that tech billionaires shouldn't be "pivoting" based on the advice of comms people.
"What I have seen in the last six months to a year is many people who used to say one thing, have absolutely shifted," the billionaire philanthropist said in an interview with Bloomberg published this week.
French Gates also suggested that the tech billionaires who lined up behind President Donald Trump at his second inauguration weren't following their own values.
"Look, a democracy is made up by our beliefs and our investments and our values, and we, of all times right now, should be living those values out, not pivoting to what some comms person tells us is the right thing to do," she said.
It's not the first time French Gates has criticized tech billionaires in recent months.
In May, she said that Elon Musk — then the de facto head of the White House DOGE Office — should "go out and actually see what's going on in the world today" before shuttering the US Agency for International Development, or USAID.
The billionaire philanthropist supported Vice President Kamala Harris during the 2024 election and has committed $1 billion to supporting women's issues and reproductive rights.
"I really want to make sure that women can step into their full power and advance in society in both the US and globally," French Gates later said in the Bloomberg interview. "For a woman to have her full power, she needs to be able to voice what she thinks is true, make her own decisions about herself and her family, and have her own resources that she can decide where and how to spend them."
Very few companies demonstrate the complexity of the current trade conflict and the strategic necessity of securing rare earth materials for the U.S. more effectively than MP Materials(NYSE: MP), and its share price action this week, up 21.8% at the time of writing, underscores this point.
A complicated trading position
Management describes the company as being "America's rare earth magnetics champion," as it is "America's only fully integrated rare earth producer." However, as fellow Fool.com writer Rich Smith notes, Shenghe Resources (a majority-owned subsidiary of China's Shenghe Resources Holding Company) was a major customer of MP Materials, and the company that MP Materials "sells the vast majority of its rare earth concentrate" to, according to its SEC filings.
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Moreover, in mid-April, MP Materials said it had "ceased shipments of rare earth concentrate to China" due to China's tariffs and the issue of selling critical materials not being "aligned with America's national interest." As such, the trade conflict is a near-term negative for MP Materials.
The long-term picture
That said, and as management consistently argues, the company's real growth opportunity lies in being part of the U.S. developing its own rare earth supply chain. It's a point reiterated by CEO James Litinsky on a recent earnings call: "What is now abundantly clear is that the United States must urgently accelerate its full-scale domestic rare earth magnetic supply chain."
Image source: Getty Images.
As such, when speculation rises that the administration is working to secure funding for the company, the stock is likely to perform well, as it did this week.
It's an interesting situation, but with so much uncertainty surrounding the company's direction, it's challenging to argue that retail investors have any kind of advantage in investing in the stock.
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Critics have long warned that Donald Trump's pro-cryptocurrency push as president, coupled with his links to his family's growing crypto empire, creates substantial conflicts of interest that must be probed.
But so far, nothing has stopped Trump's family from seemingly benefiting from the presidency while expanding their empire. And now, Trump is rushing regulation through Congress that many Democrats fear could create his biggest conflict of interest yet.
On Tuesday, the Senate passed the GENIUS Act, a bill that will regulate stablecoins in the US, establishing guardrails and consumer protections that may spur wider crypto adoption nationwide. Unlike more volatile forms of cryptocurrency—like Trump's controversial memecoin—stablecoins' value can be pegged to the US dollar. The crypto industry is hoping the House of Representatives will quickly send the bill to Trump's desk, which Trump has demanded happen by August.
The White House confirmed that Donald Trump has extended the deadline for a TikTok sale for a third time, Reuters reported Wednesday.
Now, China-based ByteDance has 90 days to divest its US assets or potentially be forced to shut down US operations. Trump's announcement came one day before the June 19 deadline he established through his last extension. That extension was necessary after Vice President JD Vance failed to make a "high-level" deal expected in April, which Politico branded a "make or break moment" where Vance could have secured a big win.
Yesterday, Trump told reporters on Air Force One that China was holding up the sale, suggesting that China may have an upper hand in TikTok negotiations, and perhaps TikTok is losing its sheen as a US bargaining chip in Trump's bigger trade war.
Cybersecurity practitioners are voicing concerns over a recent executive order issued by the White House that guts requirements for: securing software the government uses, punishing people who compromise sensitive networks, preparing new encryption schemes that will withstand attacks from quantum computers, and other existing controls.
The executive order (EO), issued on June 6, reverses several key cybersecurity orders put in place by President Joe Biden, some as recently as a few days before his term ended in January. A statement that accompanied Donald Trump's EO said the Biden directives "attempted to sneak problematic and distracting issues into cybersecurity policy" and amounted to "political football."
Pro-business, anti-regulation
Specific orders Trump dropped or relaxed included ones mandating (1) federal agencies and contractors adopt products with quantum-safe encryption as they become available in the marketplace, (2) a stringent Secure Software Development Framework (SSDF) for software and services used by federal agencies and contractors, (3) the adoption of phishing-resistant regimens such as the WebAuthn standard for logging into networks used by contractors and agencies, (4) the implementation new tools for securing Internet routing through the Border Gateway Protocol, and (5) the encouragement of digital forms of identity.
Victor Schwartz and his daughter Chloe Schwartz, the family that owns VOS Selections, found themselves at the forefront of a legal fight that could affect millions.
VOS Selections
Victor Schwartz's business VOS Selections is the lead plaintiff in a lawsuit against Trump's tariffs.
Schwartz thought imported specialty wines were his edge in the business until tariffs hit.
Despite a stressful year so far, Schwartz says the positive response he got is energizing.
This as-told-to essay is based on a conversation with Victor Schwartz, owner of VOS Selections, a wine importing company based in New York. His business is the lead plaintiff in a lawsuit against President Donald Trump's use of emergency powers to impose tariffs. This essay has been edited for length and clarity.
Suing the government was not part of my business plan, and we have taken a big hit from the tariffs, yet in a strange way, it's been incredibly energizing to be involved a this case that could help so many.
I founded my business about 39 years ago as an importer and distributor of fine wines, spirits, and sakes. We have 19 people in the company, including me and my daughter.
I started my business in France, and we work with very small producers for cutting-edge products. The idea was to bring in things you don't find everywhere, and I thought that was really going to be my edge in the business, until the tariffs hit.
I knew I was sticking my neck out as the lead plaintiff of the case, which goes further than just throwing my hat in the ring, but I still decided that I needed to do this.
Tariffs made an already tough business even harder
VOS Selections imports around 60% to 70% of its products from more than 350 producers globally.
VOS Selections
There hasn't been enough information on just how complicated this process is.
The prelude to the tariffs is already bad. In our first quarter, we were down 16% compared to last year. Restaurants and retailers we work with are complaining heavily, cutting back products either in anticipation of tariffs or because consumers are not buying.
Then the main tariffs hit in April. My daughter and I spent two full days looking through every product in our book to determine what the tariff impact was going to be, which products we needed to drop, and how much tariffs we could afford to eat. As we all know, all the numbers changed in a few days, and it just keeps happening.
Keep in mind that alcohol is a heavily regulated business. Under regulations in the state of New York, for example, we have to post prices by the fifth of the month prior to the month of sale. Combine that with the time it takes for products to cross oceans and get through customs, this means we have to think about May pricing in March.
We're in that position of having to make firm decisions about what our pricing is going to be under very uncertain situations. As a small business with more than 600 mostly imported products from 350 producers, that just became impossible.
By now in June, the contraction I have feared is playing out. We go back to a good customer and say, "Hey, you've been using this product, but now we have to bring more of it in. Are you interested in this product at the new price?" Most of the time, they say "no." It's not like they're going to buy a domestic product. They're just going to buy another imported product that is less expensive.
Also, the customs are not going to release our container unless we pay them upfront. A 10% tariff means 10% less of our cash flow, and that means being much tighter on our inventory, reducing and stopping some orders where we could, and not moving forward on new projects.
Schwartz says that despite how stressful this year has been on his businesses, he feels energized and empowered.
VOS Selections
Retaliation was something I had to take into account when I decided to become the lead plaintiff.
One of the big motivating factors for me to step up is that the big guys in business were not getting involved. The big guys who have the money and power are cowering or defending their own self-interest.
The administration could come after me in many different ways to harm my business. Because this is a heavily regulated industry, we have to work with the government all the time. We deal with the TTB, the FDA, and Customs and Border Protection.
There have always been glitches here and there, but now whenever there is a glitch, I always think in the back of my mind, "Is this a real glitch or is this somebody coming after me?" So far, there is nothing. But I did have to consider potential consequences. If I hadn't been in this industry for 40 years, I may have made a different decision.
About 99% of the contacts I have gotten are positive, and this has really made me feel energized. It really blows me away that people have taken the time to write me cards and letters — not just "thank yous" but long letters too.
It seems that I have really struck a chord. I guess most lawsuits, in a certain sense, are just you looking out for yourself. But with my case, I just feel like we are trying to do something that's going to help a lot of people, and that is very empowering.
When my mom suggested sending me to overnight camp, I was hesitant, as I had never been away from my parents.
I was hesitant about going, but once there, I loved every minute.
Now I'm a mom of four and feel guilty I can't give my kids the same experience.
I spent several summers lazing at home, watching movies with my family, and swinging with abandon at the playground with my friends.
Eventually, my mother suggested sending me to an overnight camp. I had never been away from my parents for more than a night, and the camp, about a four-hour ride from home, seemed impossibly far away. Even going for just one session meant a very long month away from home, which seemed like an eternity to me at age 11.
Yet, I was flattered that my parents considered me old enough and mature enough to have lived away from them for so long. If they thought I was up for the challenge, I was determined to prove them right.
Now I'm a mom of four, and my kids don't have the same experience, even though I loved it.
I was hesitant about going to sleepaway camp
As I counted the days until my departure, I started to worry. I am shy by nature and worried about making friends. I worried about how I would sleep in a room full of girls and whether I would like the food.
I thought a bad counselor could ruin my summer and hoped for someone more like a cool older sister to hang out with rather than a teacher hell-bent on keeping campers in line. Desperate to fit in, I hoped I had packed the right kinds of clothes and a swimsuit. Although I wouldn't have admitted it then, I was worried about missing my family and being homesick.
I loved every minute
After an uncertain first few days, I settled into overnight camp. I swam with friends, played volleyball with my counselor, and got a lead role in the end-of-camp show. We ran feral through the mountains and woods, playing capture the flag and enjoying being surrounded by the majesty of tall trees and chirping birds - a far cry from the endless concrete and loud sounds of the city where most of us lived.
Nights were magical. After the sun went down, we huddled around a campfire, singing camp songs and telling ghost stories that got progressively scarier until one of the girls asked us to stop. We made s'mores and roasted hot dogs under the stars, whose sparkle was overpowered by streetlamps at home. These nights sparked a fascination with the sky and space that lingers today. After we returned to our beds, my bunkmates and I stayed up talking and laughing. Our counselor shushed us, who told us she needed her beauty sleep.
After my first year of camp, I wanted to return for the full eight weeks camp was open. The school year became a countdown to the day I returned to the mountains and saw my camp family again. For the next few years, until I aged out, I went to an overnight camp for the entire summer and loved it.
I learned lifelong skills
At camp, I learned skills I've carried throughout my life. Living with a dozen girls in a cramped bunk was great preparation for living in a dorm at college. Camp was the first place I was responsible for keeping my clothes folded and organized. I had to learn how to get along with all kinds of personalities, and there was no escape. I learned the value of unstructured time and how much I enjoyed being in nature.
These experiences helped me immensely as I transitioned to adulthood.
Sometimes I feel guilty that my kids aren't getting the same experience
Sometimes, I feel selfish making this decision, but I love the unscheduled, unhurried summer days. Plus, I prefer to spend our summer budget on travel, which I enjoy too.
My kids' summers are action-packed and fun. They get experiences I couldn't have dreamed of as a child, like zipping around Rome on a Vespa and traveling to Warsaw to see Taylor Swift's Eras tour. Still, I sometimes wonder if I am doing the right thing.
It didn't occur to me that my parents wanted a break
It wasn't until I became a parent myself that I realized my parents may have sent me to overnight camp to get a break.
With a deep understanding that can only come from experience, I understood that the motivation to send me to camp all summer may have been because of the exhaustion many parents feel trying to parent, work, and run a home, often without a meaningful break.
At first, I was mildly hurt by this realization. But then I smiled and silently congratulated my parents for coming up with a solution that gave all of us summers we loved.
Israeli aircraft attacked Natanz, Iran's main enrichment facility, in strikes that began early Friday.
Maxar Technologies/via REUTERS
Israel launched a major operation on Friday targeting Iran's nuclear program.
Israeli officials said aircraft struck Iran's main enrichment facility at Natanz, among other sites.
It's hard for Israel to completely wipe out Iran's nuclear program, given that much is underground.
Israel launched an air assault against Iran early Friday morning that officials said is intended to damage Tehran's nuclear program.
Hundreds of Israeli warplanes participated in a series of widespread airstrikes targeting sites associated with Iran's nuclear and missile programs, as well as military leaders and air defense systems, in a major escalation that has already drawn a retaliatory attack from Tehran.
Specifically, Israeli Prime Minister Benjamin Netanyahu said that his forces "struck at the heart" of the country's nuclear enrichment and weaponization programs, and targeted its main enrichment facility at Natanz. The extent of the damage is unclear so far, but analysts said it appeared to be limited based on satellite imagery.
Netanyahu had long pushed for a military approach to Iran's nuclear program, as opposed to the deal that the Trump administration was hoping to settle to prevent Tehran from building nuclear weapons.
First responders react at the scene of an explosion in Tehran on Friday.
AP Photo/Vahid Salemi
Iran has said that its nuclear program is for civilian purposes.
However, military and nuclear experts say firepower alone won't be enough to completely wipe out Iran's nuclear program. It has many scientists with nuclear expertise and has stored its most critical facilities in bunkers buried deep underground.
This makes the facilities particularly challenging targets that, from the air, can only be reached by the largest bunker busters, which Israel lacks, or repeated strikes in the same spots.
Natanz, home to Iran's largest uranium enrichment site, is located several floors underground in the center of the country. The Israel Defense Forces said its airstrikes damaged an underground area of the facility that contains an enrichment hall with centrifuges, electrical rooms, and additional infrastructure.
Satellite imagery captured on Friday revealed what appears to be significant damage at Natanz, but only on the surface.
Overnight, Israeli strikes reportedly targeted strategic Iranian sites, including the Natanz nuclear facility, Iran's primary center for uranium enrichment. High-resolution imagery from @AirbusDefence, captured on June 13, 2025, reveals significant damage to the facility. pic.twitter.com/L7y9V64NIq
Iran's other main enrichment site, Fordow, is buried even deeper in the side of a mountain and is the country's most "hardened" facility, said Darya Dolzikova, a senior research fellow for proliferation and nuclear policy at the UK-based Royal United Services Institute think tank.
In comments shared with Business Insider, Dolzikova said Fordow has not been affected by the Israeli strikes, nor have other locations. "Should Iran make a decision to produce a nuclear weapon, it would likely do that at hardened and potentially still secret sites," she said.
It's unclear what air-to-ground munitions Israel used to strike Natanz and the other targets affiliated with Iran's nuclear program. However, it would take a very large bunker-buster bomb to reach underground and destroy the more hardened sites.
The likely best weapon for the job is the US military's GBU-57 Massive Ordnance Penetrator, one of the most powerful non-nuclear bombs and the largest bunker buster in America's arsenal at 15 tons. These munitions can only be carried by the B-2 Spirit stealth bomber and the B-21 Raider in development.
Israel doesn't have bomber aircraft capable of carrying the largest bunker-buster munitions. The IDF shared footage showing its fighter jets — F-35s, F-16s, and F-15s — taking off and landing during the strikes. Weapons experts pointed out that some of the aircraft appear to be carrying 2,000-pound guided bombs. Israel's F-15I, though, can carry 4,000-pound anti-bunker bombs.
An Israeli F-15I, armed with various munitions, is seen ahead of the operation.
Israel Defense Forces/screengrab
Military analysts with RUSI estimated in March that the Fordow site could be as deep as 260 feet underground, likely beyond the reach of even America's MOP. Damaging it would almost certainly require repeated strikes, likely over days or weeks.
US officials said Washington was not involved in the Israeli strikes. Secretary of State Marco Rubio warned Iran not to retaliate against American forces in the region, something Tehran and its allies have done in the past.
The US Navy has one aircraft carrier and seven surface warships in the Middle East right now. These assets are capable of providing air defense in the event of a larger Iranian response. So far, Tehran has retaliated by launching dozens of drones at Israel.
Beyond the nuclear sites, Israeli officials said forces also went after other high-profile Iranian targets, including its top scientists, senior military commanders, air defenses, and ballistic missile program.
The world's richest man navigates a treacherous period, marked by an insult-filled public feud with Donald Trump, a figure he significantly helped return to the White House.
The robotaxi company Waymo has suspended service in some parts of Los Angeles after some of its vehicles were summoned and then vandalized by protesters angry with ongoing raids by US Immigration and Customs Enforcement. Five of Waymo's autonomous Jaguar I-Pace electric vehicles were summoned downtown to the site of anti-ICE protests, at which point they were vandalized with slashed tires and spray-painted messages. Three were set on fire.
The Los Angeles Police Department warned people to avoid the area due to risks from toxic gases given off by burning EVs. And Waymo told Ars that it is "in touch with law enforcement" regarding the matter.
The protesters in Los Angeles were outraged after ICE, using brutal tactics, began detaining people in raids across the city. Thousands of Angelenos took to the streets over the weekend to confront the masked federal enforcers and, in some cases, forced them away.
Multiple Waymo vehicles were set on fire in Los Angeles amid protests against President Donald Trump's immigration crackdown.
David Pashaee / Middle East Images via AFP
Five Waymo vehicles were set on fire during protests in LA about Trump's immigration crackdown.
The company suspended service in downtown LA, a spokesperson confirmed to BI.
Waymo doesn't think the vehicles were intentionally targeted and is working with the LAPD.
Waymo suspended robotaxi service in downtown Los Angeles on Sunday after five vehicles were set on fire during protests against President Donald Trump's immigration raids in the city.
Photos show Waymo cars covered in anti-ICE graffiti burning in the street, engulfed in smoke.
A spokesperson for Waymo confirmed to Business Insider that five vehicles had been vandalized during the protests. The company temporarily suspended service in downtown LA and doesn't think its vehicles were intentionally targeted, the spokesperson said. Waymo is working with the Los Angeles Police Department, they added.
The protests were largely peaceful, but some violence broke out over the weekend.
Mario Tama/Getty Images
The remains of a Waymo vehicle were left on the street.
FREDERIC J. BROWN/AFP via Getty Images
On Sunday night, the LAPD said on X that "burning lithium-ion batteries release toxic gases." Electric vehicles often use lithium-ion batteries.
The spokesperson told BI that Waymo, which Alphabet owns, operates more than 300 vehicles in LA and is continuing operations in other parts of the city.
The company said five vehicles were set ablaze.
RINGO CHIU / AFP
It's not the first time that Waymo vehicles have been targeted in California. Last year, a crowd in San Francisco set one of the robotaxis on fire during Lunar New Year celebrations amid a wave of distrust about driverless vehicles.
The protests broke out on Friday after an immigration raid in the city. Over the weekend, Trump bypassed California Gov. Gavin Newsom's authority and ordered 2,000 National Guard members to the LA area. Despite the dramatic images, the protests have largely been peaceful, according to multiplereports.
On Sunday night, amid protests in the Los Angeles area, Musk posted a screenshot of a Truth Social post from Trump denouncing California Gov. Gavin Newsom and Mayor Karen Bass.
The president and his allies have cast the ongoing demonstrations, which began in response to immigration raids, as an "insurrection." His administration ordered the deployment of 2,000 National Guard members to the LA area over Newsom's objections.
Earlier on Sunday night, Musk reposted a Truth Social post screenshot from Vice President JD Vance about the administration's response, adding two American flag emojis.
He also shared an image of a masked protester waving a Mexican flag on top of a damaged vehicle, writing: "This is not ok."
The posts come just days after the feud between Musk and Trump reached a fever pitch last week. At one point, Musk approvingly shared a post suggesting that Trump be impeached, while Trump floated revoking Musk's companies' government contracts.
Trump has said that he has no plans to repair his relationship with Musk.
The feud began after Musk departed his role as the informal leader of the White House DOGE Office, with the tech titan criticizing Trump's "Big Beautiful Bill" for adding trillions to the deficit over the next 10 years.
In a White House fact sheet, the administration claims that Biden’s Executive Order 14144 — signed days before the end of his presidency — was an attempt “to sneak problematic and distracting issues into cybersecurity policy.”
A remarkable schoolyard brawl erupted online Thursday between President Donald Trump and his former "First Buddy" Elon Musk during which the pair traded insults and barbs. The war of words reached a crescendo during the afternoon when Trump threatened Musk's federal contracts.
"The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it!" Trump wrote on his social media network, Truth Social, at 2:37 pm ET.
Anyone with a reasonable grasp of reality understood that the "bromance" between the president of the United States and the most wealthy person in the world was going to blow up at some point, but even so, the online brouhaha that has played out Thursday is spectacular—at one point Musk suggested that Trump was in the Epstein files, for goodness' sake.
The former "Shark Tank" star previously said he's "not a fan of either party," but would run as a Republican if he wanted to join politics.
Bill Ackman
Bill Ackman called on Musk and Trump to reconcile.
Brian Snyder/Reuters
Hedge fund billionaire Bill Ackman voiced his support for both Trump and Musk on X, calling on the two to put aside their differences and "make peace for the benefit of our country."
Ackman, who had endorsed Trump for his 2024 presidential bid, wrote: "We are much stronger together than apart."
"You're not wrong," Musk responded.
Paul Graham
Paul Graham also took to X to share his thoughts on the feud.
Joe Corrigan/Getty Images for AOL
Paul Graham, cofounder of the startup accelerator Y Combinator, also weighed in on the public feud between the president and the Tesla CEO.
"A lot of people seem to be treating this as if it were just a beef. But the underlying allegation is a very serious one. If it's true, Trump is surely going to have to resign," he wrote in a post on X.
Graham did not specify what allegation he was referring to.
A lot of people seem to be treating this as if it were just a beef. But the underlying allegation is a very serious one. If it's true, Trump is surely going to have to resign.
Hours before Graham made his post, Musk went on X and accused Trump of withholding information about Jeffrey Epstein.
"Time to drop the really big bomb: @realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!" Musk wrote on X.
The billionaire hedge fund manager and the hip-hop mogul took to X to share their thoughts.
Ackman urged Trump and Musk to reconcile and continue working together.
"I support @realDonaldTrump and @elonmusk and they should make peace for the benefit of our great country. We are much stronger together than apart," Ackman wrote in his post, which is now pinned to the top of his X profile.
I support @realDonaldTrump and @elonmusk and they should make peace for the benefit of our great country.
In November, Trump said Musk would help lead the newly created Department of Government Efficiency, which was tasked with cutting federal spending.
Early in Trump's second term, Musk was a regular fixture at the White House. At one point, the Tesla CEO brought his son, X Æ A-XII, to the Oval Office.
Then on Thursday, it all came crashing down: Musk and Trump had a very public falling out, trading barbs on their respective social media platforms.
Musk, who left his role at DOGE last week, took to X to criticize Trump's tax bill in a flurry of posts, branding it the "Big Ugly Spending Bill."
Trump then fired back during a White House event, expressing his disappointment in Musk and dismissing the criticism as a case of "Trump Derangement Syndrome," before turning to Truth Social to defend his tax bill.
Representatives for Ackman and Ye did not immediately respond to requests for comment from Business Insider outside regular hours.
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