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EU delays retaliatory tariffs on US goods due to hit Monday in hopes of reaching a deal with Trump officials

The European Union will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.

″This is now the time for negotiations,″ European Commission President Ursula von der Leyen told reporters in Brussels on Sunday, after President Donald Trump sent a letter announcing new tariffs of 30% on goods from the EU and Mexico starting Aug. 1.

The EU — America’s biggest trading partner and the world’s largest trading bloc — had been scheduled to impose ″countermeasures″ starting Monday at midnight Brussels time (6 p.m. EDT; 22:00 GMT). The EU negotiates trade deals on behalf of its 27 member countries.

Von der Leyen said those countermeasures would be delayed until Aug. 1, and that Trump’s letter shows ″that we have until the first of August″ to negotiate.

″We have always been clear that we prefer a negotiated solution,″ she said. If they can’t reach a deal, she said that ″we will continue to prepare countermeasures so we are fully prepared.″

Europe’s biggest exports to the U.S. are pharmaceuticals, cars, aircraft, chemicals, medical instruments and wine and spirits.

Italian Foreign Minister Antonio Tajani was heading to Washington for talks Monday with the U.S. administration and Congress. In a statement, Tajani’s office said that in his talks with EU allies before the meetings, he stressed the need to “negotiate with one’s head held high.”

The right-wing government of Premier Giorgia Meloni, the only EU leader to attend Trump’s inauguration, has sought to position itself as a “ bridge” between Brussels and Washington.

Trump has said his global tariffs would set the foundation for reviving a U.S. economy that he claims has been ripped off by other nations for decades. Trump in his letter to the EU said the U.S. trade deficit was a national security threat.

Trump isn’t satisfied with some of the draft agreements on trade, White House National Economic Council Director Kevin Hassett said on ABC News Sunday.

“The bottom line is that he’s seen some sketches of deals that had been negotiated with Howard Lutnick and the rest of the trade team, and the president thinks that the deals need to be better, and to basically put a line in the sand, he sent these letters out to folks. And we’ll see how it works out,” he said.

U.S. trade partners — and companies around the world from French winemakers to German carmakers — have faced months of uncertainty and on-and-off threats from Trump to impose tariffs, with deadlines sometimes extended or changed. The tariffs could have ramifications for nearly every aspect of the global economy.

The value of EU-U.S. trade in goods and services amounted to 1.7 trillion euros ($2 trillion) in 2024, or an average of 4.6 billion euros a day, according to EU statistics agency Eurostat.

Trade ministers from EU countries are scheduled to meet Monday to discuss trade relations with the U.S., as well as with China.

Speaking alongside Indonesian President Prabowo Subianto, von der Leyen said the trade tensions with the U.S. show the importance of ’’diversifying our trade relationships.″ Announcing closer cooperation between the EU and Indonesia, she stressed the need for ‘’predictable” trading partnerships based on ‘’trust.”

The Indonesian leader said, ‘’I think the United States will be always a very important leader in the world,” but also stressed the need for multilateral relationships, adding, ‘’We would like to see a very strong Europe.”

This story was originally featured on Fortune.com

© Omar Havana—AP Photo

European Commission President Ursula von der Leyen and European Commissioner for Trade and Economic Security Maros Sefcovic at EU headquarters in Brussels on April 9.
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The air in the Upper Midwest is so thick, ‘if you have a nice pork loin you can hang from a tree, it’ll turn into ham’

Much of the Upper Midwest on Saturday was dealing with swaths of unhealthy air because of drifting smoke from Canadian wildfires, covering the northern region of the U.S. at a time when people want to be enjoying lakes, trails and the great outdoors.

Most of Minnesota and parts of Montana, North Dakota and Wisconsin were ranked “unhealthy” for air quality on a U.S. Environmental Protection Agency map. Part of North Dakota that is home to Theodore Roosevelt National Park and other tourist attractions was ranked “very unhealthy,” some of the worst air quality in the nation.

In Minnesota, “If you have a nice pork loin you can hang from a tree, it’ll turn into ham,” quipped Al Chirpich, owner of the Hideaway Resort near Detroit Lakes, where people come to enjoy tree-lined Island Lake for fishing and other water activities.

Normally there would be boats and jet skis all over, but on Saturday he couldn’t see a boat on the lake, where the smoke impaired visibility and curtailed his camper business. None of his 18 RV sites was occupied. His seven rental cabins drew a handful of customers.

“I suspect when the weather clears, we’ll be swamped again. Fourth of July, I had probably 20 boats here lined up at my docks, and today my boat is the only one,” Chirpich said.

The conditions started Friday, dragging smoke from the Canadian wildfires down to the surface, said National Weather Service Meteorologist Jennifer Ritterling, in Grand Forks. Periods of bad air quality are expected to last through the weekend in the region, she said.

Limiting time outdoors, keeping windows closed and running air purifiers are good ideas for people with lung conditions such as asthma and chronic obstructive pulmonary disease, and even healthy people, Ritterling said.

“Our summers up here are fairly short and so everyone wants to get out and enjoy them, and it’s a little frustrating when there’s this smoke in the air,” she said.

Fires in Canada prompt state of emergency for some

All of Manitoba is under a state of emergency because of the wildfires, which have led to 12,600 people evacuating their homes in the province. The fires in the central Canadian province have burned over 3,861 square miles (10,000 square kilometers), the most land burned in 30 years of electronic record-keeping.

Under 1,000 people have evacuated their homes in Saskatchewan, where wildfires also continue to burn.

North Rim in Grand Canyon still closed

In Arizona, the North Rim in Grand Canyon National Park is still closed because of a 2.3 square-mile (6.1 square-kilometer) wildfire and another fire nearby on Bureau of Land Management land that has burned nearly 17 square miles (44 square kilometers).

More than 200 firefighters and support personnel worked to halt the uncontained fire Saturday as it burned across a high-altitude plateau between the communities of Lonesome, White Sage and Jacob Lake.

In Colorado, Black Canyon of the Gunnison National Park remains closed because of a 4.4-square-mile (11.3-square-kilometer) wildfire burning on the South Rim of the park, known for its dramatic, steep cliffs. A few miles from the fire, an evacuation was ordered for the community of Bostwick Park, and a nearby highway also was shut.

The fires in and near both national parks led to evacuations of hundreds of people.

Chirpich, the Minnesota resort owner, said he has plans to go to Black Canyon of the Gunnison National Park on Thursday and is “a bit pensive about how that’s going to be there.”

“I’m going to leave one smokehouse for another, I guess,” he said.

This story was originally featured on Fortune.com

© Richard Lautens/Toronto Star (Richard Lautens/Toronto Star via Getty Images

A man stretches as he walks along Broadview north of Gerrard, Toronto, with the hazy skyline behind.
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First confirmed death during Trump ICE raid is a farmworkers at a California cannabis facility

A farmworker who fell from a greenhouse roof during a chaotic ICE raid this week at a California cannabis facility died Saturday of his injuries.

Jaime Alanis, 57, is the first known person to die during one of the Trump administration’s ongoing immigration enforcement operations. Yesenia Duran, Alanis’ niece, confirmed his death to The Associated Press.

Duran posted on the fundraising site GoFundMe that her uncle was his family’s only provider and he had been sending his earnings back to a wife and daughter in Mexico. Alanis worked at the farm for 10 years, his family said.

The United Farm Workers reported Alanis’ death prematurely late Friday. The Ventura County Medical Center later issued a statement authorized by the family saying he was still on life support.

“These violent and cruel federal actions terrorize American communities, disrupt the American food supply chain, threaten lives and separate families,” the UFW said recently in a statement on the social platform X. The union does not represent workers at the raided farm.

The Department of Homeland Security said it executed criminal search warrants Thursday at Glass House Farms facilities in Camarillo and Carpinteria. Glass House is a licensed cannabis grower. The farm in Camarillo also grows tomatoes and cucumbers.

Garcia called family to say he was hiding and possibly was fleeing agents before he fell about 30 feet (9 meters) from the roof and broke his neck, according to information from family, hospital and government sources.

Agents arrested some 200 people suspected of being in the country illegally and identified at least 10 immigrant children on the sites, DHS said in a statement. Alanis was not among them, the agency said.

“This man was not in and has not been in CBP or ICE custody,” DHS Assistant Secretary for Public Affairs Tricia McLaughlin said in a statement. “Although he was not being pursued by law enforcement, this individual climbed up to the roof of a greenhouse and fell 30 feet. CBP immediately called a medivac to the scene to get him care as quickly as possible.”

Four U.S. citizens were arrested during the incident for allegedly “assaulting or resisting officers,” according to DHS, and authorities were offering a $50,000 reward for information leading to the arrest of a person suspected of firing a gun at federal agents.

During the raid crowds of people gathered outside the facility in Camarillo to seek information about their relatives and protest immigration enforcement. Authorities clad in military-style helmets and uniforms faced off with the demonstrators, and people ultimately retreated amid acrid green and white billowing smoke.

Glass House said in a statement that immigration agents had valid warrants. The company said workers were detained and it is helping provide them with legal representation.

“Glass House has never knowingly violated applicable hiring practices and does not and has never employed minors,” it said.

The business was co-founded by Graham Farrar and Kyle Kazan. Farrar has donated to California Democrats including Gov. Gavin Newsom, a vocal critic of Republican President Donald Trump, according to campaign finance records. Kazan has donated to both Democrats and Republicans.

This story was originally featured on Fortune.com

© AP Photo/Damian Dovarganes

Juan Duran cries outside of Glass House Farms, where a relative was injured during a previous day immigration raid, on Friday, July 11, 2025, in Camarillo, Calif.
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Trump’s BBB could help you deduct your auto loan, but it has to be a new car made in the U.S.A. Here’s what else you need

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new “Big Beautiful Bill” tax-cut law, many people for the first time also could claim a tax deduction for interest on their vehicle loans.

The new tax break will be available even to people who don’t itemize deductions. But there are some caveats that could limit its reach. The vehicles must be new, not used. They must be assembled in the U.S. And the loans must be issued no sooner than this year, to list just a few qualifications.

Here are some things to know about the new auto loan interest tax deduction:

Candidate Trump promised an auto loan interest tax break

Trump pledged while campaigning last year to make interest on car loans tax-deductible. He said it would make car ownership more affordable and “stimulate massive domestic auto production.”

The idea made it into the big tax-cut bill passed by Congress, which Trump signed into law July 4.

The law allows taxpayers to deduct up to $10,000 of interest payments annually on loans for new American-made vehicles from 2025 through 2028. It applies to cars, motorcycles, sport utility vehicles, minivans, vans and pickup trucks weighing less than 14,000 pounds, a threshold referred to as light vehicles. But it only applies to vehicles purchased for personal use, not for fleets or commercial purposes.

The tax break can be claimed starting on 2025 income tax returns. But the deduction phases out for individuals with incomes between $100,000 and $150,000 or joint taxpayers with incomes between $200,000 and $250,000. Those earning more cannot claim the tax break.

Millions of buyers could benefit, but millions of others will not

U.S. automobile dealers sold 15.9 million new light vehicles last year, a little over half of which were assembled in the U.S, according to Cox Automotive. It says around 60% of retail sales are financed with loans.

After excluding fleet and commercial vehicles and customers above the income cutoff, an estimated 3.5 million new vehicle loans could be eligible for the tax break this year, if purchasing patterns stay the same, said Jonathan Smoke, chief economist at Cox Automotive.

It’s the assembly plant, not the automaker’s headquarters that matters

The tax break applies to vehicles assembled in the U.S., no matter where the company making them is headquartered. All Tesla vehicles sold in the U.S. are assembled in this country. But so are all Acura brands, the luxury model of Japanese automaker Honda.

Last year, 78% of Ford vehicles sold in the U.S. were assembled in this country, according to Cox Automotive. But customers wanting the tax break will need to pay attention to specific models. While the Ford Mustang is assembled in Michigan, the Mustang Mach-E is built in Mexico.

General Motors assembles all of its Cadillacs in the U.S. But just 44% of its Chevrolets sold last year were assembled in the U.S., and just 14% of Buicks, according to Cox Automotive. That’s a lower U.S-assembled rate than Honda (60%), Toyota (52%) and Nissan (48%), which all are headquartered in Japan.

Taxpayers could save hundreds of dollars a year

The average new vehicle loan is about $44,000 financed over six years. Interest rates vary by customer, so the savings will, too. In general, the tax deduction will decline after the initial year, because interest payments on loans are frontloaded while principal payments grow on the back end.

At a 9.3% interest rate, an average new vehicle buyer could save about $2,200 on taxes over four years, Smoke said. The tax savings would be less on a loan at 6.5%, which is the rate figured into calculations by the American Financial Services Association, a consumer credit industry trade group.

Some people also could see a reduction in state income taxes

Whereas the tax deduction for home loan interest can be claimed only by people itemizing on their tax returns, Congress wrote the deduction for auto loan interest so that it can apply to all taxpayers, including those claiming the standard deduction.

On a tax form, the auto loan deduction will come before the calculation of a taxpayer’s adjusted gross income. That’s an important distinction, because many states use a taxpayer’s federal adjusted gross income as the starting point for figuring their state income taxes. If that income figure is lower, it could reduce the state taxes owed.

The verdict is out on whether the tax break will boost sales

At Bowen Scarff Ford in Kent, Washington, customers started asking about the auto loan tax deduction before Congress had even taken a final vote on the tax-cut bill, said General Manager Paul Ray. So he decided to promote it on the dealer’s website.

A website ribbon exclaims: “CAR LOAN TAX DEDUCTION NOW AVAILABLE” while also promoting an electric vehicle tax credit that is ending soon as a result of Trump’s tax-cut law.

“I think it’s going to help incentivize vehicle purchases through this year,” Ray said.

Celia Winslow, president and CEO of the American Financial Services Association, concurred: “For some people deciding — should I buy it, should I not — this could be something that tips the scale.”

Others remain skeptical. According to Smoke’s math, the average annual tax savings is smaller than a single month’s loan payment for a new vehicle.

“I don’t think it moves the needle on somebody on the fence of buying a new vehicle or not,” Smoke said. “But I think it could influence their decision to finance that vehicle instead of paying cash or instead of leasing a vehicle.”

This story was originally featured on Fortune.com

© Aaron Schwartz/CNP/Bloomberg via Getty Images

Donald Trump promised an auto loan deduction.
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Osprey lovers cry foul at fishing industry’s billion-pound annual haul of bird’s precious food source

Stepping onto an old wooden duck blind in the middle of the York River, Bryan Watts looks down at a circle of sticks and pine cones on the weathered, guano-spattered platform. It’s a failed osprey nest, taken over by diving terns.

“The birds never laid here this year,” said Watts, near the mouth of Virginia’s Chesapeake Bay. “And that’s a pattern we’ve been seeing these last couple of years.”

Watts has a more intimate relationship with ospreys than most people have with a bird — he has climbed to their nests to free them from plastic bags, fed them by hand and monitored their eggs with telescopic mirrors.

The fish-eating raptor known for gymnastic dives and whistle-like chirps is an American conservation success story. After pesticides and other hazards nearly eliminated the species from much of the country, the hawk-like bird rebounded after the banning of DDT in 1972 and now numbers in the thousands in the U.S.

But Watts has documented an alarming trend. The birds, which breed in many parts of the U.S., are failing to successfully fledge enough chicks around their key population center of the Chesapeake Bay. The longtime biologist blames the decline of menhaden, a small schooling fish critical to the osprey diet. Without menhaden to eat, chicks are starving and dying in nests, Watts said.

Osprey are an environmental indicator

Watts’s claim has put him and environmental groups at odds with the fishing industry, trade unions and sometimes government regulators. Menhaden is valuable for fish oil, fish meal and agricultural food as well as bait.

U.S. fishermen have caught at least 1.1 billion pounds of menhaden every year since 1951. Members of the industry tout its sustainability and said the decline in osprey may have nothing to do with fishing.

But without help, the osprey population could tumble to levels not seen since the dark days of DDT, said Watts, director of the Center for Conservation Biology at The College of William & Mary in Williamsburg, Virginia.

“The osprey are yelling pretty loudly that, ‘Hey, there’s not enough menhaden for us to reproduce successfully,’” Watts said. “And we should be listening to them to be more informed fully on the fisheries side, and we should take precaution on the fisheries management side. But that hasn’t won the day at this point.”

Decline linked to menhaden in studies

Watts, who has studied osprey on the Chesapeake for decades, has backed his claims of population decline by publishing studies in scientific journals. He said it boils down to a simple statistic — to maintain population, osprey pairs need to average 1.15 chicks per year.

Osprey were reproducing at that level in the 1980s, but today in some areas around the main stem of the Chesapeake, it’s less than half of that, Watts said. In particularly distressed areas, they aren’t even reproducing at one-tenth that level, he said. And the decline in available menhaden matches the areas of nesting failure, Watts said.

Also called pogies or bunkers, the oily menhaden are especially important for young birds because they are more nutritious than other fish in the sea. Osprey “reproductive performance is inextricably linked to the availability and abundance” of menhaden, Watts wrote in a 2023 study published in Frontiers in Marine Science.

Conservationists have been concerned for years, saying too many menhaden have been removed to maintain their crucial role in the ocean food chain. Historian H. Bruce Franklin went so far as to title his 2007 book on menhaden “The Most Important Fish In The Sea.”

Fishing industry pushes back

Menhaden help sustain one of the world’s largest fisheries, worth more than $200 million at the docks in 2023. Used as bait, the fish are critical for valuable commercial targets such as Maine lobster. They’re also beloved by sportfishermen.

The modern industry is dominated by Omega Protein, a Reedville, Virginia, company that is a subsidiary of Canadian aquaculture giant Cooke. The harvesting of the menhaden is performed by an American company, Ocean Harvesters, which is based in Reedville and contracts with Omega, which handles processing. The companies pushed back at the idea that fishing is the cause of osprey decline, although they did acknowledge that fewer menhaden are showing up in some parts of the bay.

Federal data show osprey breeding is in decline in many parts of the country, including where menhaden is not harvested at all, said Ben Landry, an Omega spokesperson. Climate change, pollution and development could be playing a role, said Landry and others with the company.

Blaming fishing “just reeks of environmental special interest groups having an influence over the process,” Landry said.

New rules could be on the way

The menhaden fishery is managed by the Atlantic States Marine Fisheries Commission, an interstate body that crafts rules and sets fishing quotas. Prompted by questions about ospreys, it created a work group to address precautionary management of the species in the Chesapeake Bay.

In April, this group proposed several potential management approaches, including seasonal closures, restrictions on quotas or days at sea, and limitations on kinds of fishing gear. The process of creating new rules could begin this summer, said James Boyle, fishery management plan coordinator with the commission.

The osprey population has indeed shown declines in some areas since 2012, but it’s important to remember the bird’s population is much larger than it was before DDT was banned, Boyle said.

“There are big increases in osprey population since the DDT era,” Boyle said, citing federal data showing a six-fold increase in osprey populations along the Atlantic Coast since the 1960s.

Environmentalists says bird’s decline could worsen

To a number of environmental groups, any decline is too much. This irritates some labor leaders who worry about losing more jobs as the fishing industry declines.

Kenny Pinkard, retired vice president of UFCW Local 400’s executive board and a longtime Virginia fishermen, said he feels the industry is being scapegoated.

“There are some people who just don’t want to see us in business at all,” he said.

But Chris Moore, Virginia executive director for Chesapeake Bay Foundation, said the country risks losing an iconic bird if no action is taken. He said Watts’s studies show that the osprey will fail without access to menhaden.

“Osprey have been a success story,” Moore said. “We’re in a situation where they’re not replacing their numbers. We’ll actually be in a situation where we’re in a steep decline.”

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Whittle reported from Portland, Maine.

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This story was supported by funding from the Walton Family Foundation. The AP is solely responsible for all content.

This story was originally featured on Fortune.com

© AP Photo/Stephanie Scarbrough)

An osprey flies with a half-eaten fish in its talons above the Lynnhaven River, June 30, 2025, in Virginia Beach, Va.
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Pam Bondi dismisses charges against Utah plastic surgeon accused of throwing away $28,000 worth of Covid vaccines

The federal government on Saturday dismissed charges against a Utah plastic surgeon accused of throwing away COVID-19 vaccines, giving children saline shots instead of the vaccine and selling faked vaccination cards.

U.S. Attorney General Pam Bondi said in a post on the social media platform X that charges against Dr. Michael Kirk Moore, of Midvale, Utah, were dismissed at her direction.

Moore and other defendants faced up to 35 years in prison after being charged with conspiracy to defraud the government; conspiracy to convert, sell, convey and dispose of government property; and aiding and abetting in those efforts. The charges were brought when Joe Biden was president.

“Dr. Moore gave his patients a choice when the federal government refused to do so,” Bondi wrote. “He did not deserve the years in prison he was facing. It ends today.”

Felice John Viti, acting U.S. attorney for Utah, filed the motion Saturday, saying “such dismissal is in the interests of justice.”

The trial began Monday in Salt Lake City with jury selection. It was expected to last 15 days.

Messages sent to the U.S. Department of Justice, Viti’s office in Salt Lake City and to Moore were not immediately returned Saturday to The Associated Press.

A federal grand jury on Jan. 11, 2023, returned an indictment against Moore, his Plastic Surgery Institute of Utah Inc., others associated with the clinic and a neighbor of Moore’s. The indictment alleged more than $28,000 of government-provided COVID-19 vaccine doses were destroyed.

They were also accused of providing fraudulently completed vaccination record cards for over 1,900 doses of the vaccine in exchange for either a cash or a donation to a specified charitable organization.

The government also alleged some children were given saline shots, at their parents’ request, so the minors believed they were getting the vaccine.

Health Secretary Robert Kennedy Jr., a leading anti-vaccine activist before becoming the nation’s top health official, posted his support for Moore in April, saying on X that Moore “deserves a medal for his courage and his commitment to healing!”

During his confirmation hearings in January, Kennedy repeatedly refused to acknowledge scientific consensus that childhood vaccines don’t cause autism and that COVID-19 vaccines saved millions of lives.

In a follow-up X post on Saturday, Bondi said Georgia Republican Rep. Marjorie Taylor Greene brought the case to her attention.

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Thiessen reported from Anchorage, Alaska.

This story was originally featured on Fortune.com

© AP Photo/Jacquelyn Martin

Attorney General Pam Bondi.
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You can buy a 54-pound Martian rock for upwards of $2 million in an auction also featuring a juvenile dinosaur that’s 11 feet long

For sale: A 54-pound (25-kilogram) rock. Estimated auction price: $2 million to $4 million. Why so expensive? It’s the largest piece of Mars ever found on Earth.

Sotheby’s in New York will be auctioning what’s known as NWA 16788 on Wednesday as part of a natural history-themed sale that also includes a juvenile Ceratosaurus dinosaur skeleton that’s more than 6 feet (2 meters) tall and nearly 11 feet (3 meters) long.

According to the auction house, the meteorite is believed to have been blown off the surface of Mars by a massive asteroid strike before traveling 140 million miles (225 million kilometers) to Earth, where it crashed into the Sahara. A meteorite hunter found it in Niger in November 2023, Sotheby’s says.

The red, brown and gray hunk is about 70% larger than the next largest piece of Mars found on Earth and represents nearly 7% of all the Martian material currently on this planet, Sotheby’s says. It measures nearly 15 inches by 11 inches by 6 inches (375 millimeters by 279 millimeters by 152 millimeters).

“This Martian meteorite is the largest piece of Mars we have ever found by a long shot,” Cassandra Hatton, vice chairman for science and natural history at Sotheby’s, said in an interview. “So it’s more than double the size of what we previously thought was the largest piece of Mars.”

It is also a rare find. There are only 400 Martian meteorites out of the more than 77,000 officially recognized meteorites found on Earth, Sotheby’s says.

Hatton said a small piece of the red planet remnant was removed and sent to a specialized lab that confirmed it is from Mars. It was compared with the distinct chemical composition of Martian meteorites discovered during the Viking space probe that landed on Mars in 1976, she said.

The examination found that it is an “olivine-microgabbroic shergottite,” a type of Martian rock formed from the slow cooling of Martian magma. It has a course-grained texture and contains the minerals pyroxene and olivine, Sotheby’s says.

It also has a glassy surface, likely due to the high heat that burned it when it fell through Earth’s atmosphere, Hatton said. “So that was their first clue that this wasn’t just some big rock on the ground,” she said.

The meteorite previously was on exhibit at the Italian Space Agency in Rome. Sotheby’s did not disclose the owner.

It’s not clear exactly when the meteorite hit Earth, but testing shows it probably happened in recent years, Sotheby’s said.

The juvenile Ceratosaurus nasicornis skeleton was found in 1996 near Laramie, Wyoming, at Bone Cabin Quarry, a gold mine for dinosaur bones. Specialists assembled nearly 140 fossil bones with some sculpted materials to recreate the skeleton and mounted it so it’s ready to exhibit, Sotheby’s says.

The skeleton is believed to be from the late Jurassic period, about 150 million years ago, Sotheby’s says. It’s auction estimate is $4 million to $6 million.

Ceratosaurus dinosaurs were bipeds with short arms that appear similar to the Tyrannosaurus rex, but smaller. Ceratosaurus dinosaurs could grow up to 25 feet (7.6 meters) long, while the Tyrannosaurs rex could be 40 feet (12 meters) long.

The skeleton was acquired last year by Fossilogic, a Utah-based fossil preparation and mounting company.

Wednesday’s auction is part of Sotheby’s Geek Week 2025 and features 122 items, including other meteorites, fossils and gem-quality minerals.

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Collins reported from Hartford, Connecticut.

This story was originally featured on Fortune.com

© AP Photo/Richard Drew

A Martian meteorite, weighing 54.388 lbs. (24.67 kg), said to be the largest piece of Mars on Earth, estimated at $2 - 4 million, is displayed at Sotheby's, in New York, Wednesday, July 9, 2025, part of their Geek Week auction, July 16, 2025.
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After almost 250 years as a symbol, the Bald Eagle is finally the official bird of the United States

Some Native Americans traditionally bestow bald eagle feathers at ceremonies to mark achievements, such as graduations, and as a form of reverence for the bird they hold sacred as a messenger to the Creator.

This year, many are doing so with elevated pride and hope. The bald eagle is now the official bird of the United States, nearly 250 years after it was first used as a symbol of the newly founded nation that’s deeply polarized politically today.

“The eagle is finally getting the respect it deserves. Maybe when the nation looks at the eagle that way, maybe there will be less division,” said Jim Thunder Hawk. He’s the Dakota culture and language manager for the Prairie Island Indian Community, a small Mdewakanton Sioux band on the banks of the Mississippi River in Minnesota.

This wide, unruffled stretch of water framed by wooded bluffs is prime bald eagle territory. The size of Minnesota’s population of the majestic, white-head-and-tail birds that are exclusive to North America is second only to that of Alaska.

The legislation that made the eagle official came from members of Minnesota’s Congressional delegation. The federal act recognizes the eagles’ centrality in most Indigenous peoples’ “spiritual lives and sacred belief systems,” and a replica of it is on display at the National Eagle Center in Wabasha, Minnesota, 40 miles (65 kilometers) downriver from the Prairie Island community, which partners with the center in eagle care.

“If you grew up in the United States, eagles were a part of your everyday life,” said Tiffany Ploehn, who as the center’s avian care director supervises its four resident bald eagles. “Everyone has some sort of connection.”

Fierce symbols of strength and spiritual uplift

A bald eagle, its wings and talons spread wide, has graced the Great Seal of the United States since 1782, and appears on passport covers, the $1 bill, military insignia, and myriad different images in pop culture.

But a prolific collector of eagle memorabilia based in Wabasha realized recently that, while the United States had an official animal (the bison) and flower (the rose), the eagle was getting no formal credit. Several Minnesota legislators sponsored a bill to remedy that and then-President Joe Biden’s signature made it official in December.

With their massive wingspan and stern curved beak, bald eagles are widely used as symbols of strength and power. In reality, they spend 95% of their day perched high in trees, though when they hunt they can spot a rabbit 3 miles (5 kilometers) away, Ploehn said.

For many Native Americans, the soaring eagle represents far more; it delivers their prayers to the Creator and even intercedes on their behalf.

“My grandma told me that we honor eagles because they saved the Ojibwe people when the Creator wanted to turn on them. The eagle, he can fly high, so he went to speak with the Creator to make things right,” said Sadie Erickson, who is Ojibwe and Mdewakanton Sioux.

Marking life milestones with eagle feathers

Erickson and a dozen other high school graduates received a bald eagle feather at an early July celebration by the riverbank at Prairie Island.

Thunder Hawk said a prayer in the Dakota language urging the high school graduates and graduates receiving higher education degrees to “always remember who you are and where you come from.”

Then they lined up and a relative tied a feather — traditionally on the left side, the heart’s side — as tribal members sang and drummed to celebrate them.

“It just feels like I went through a new step of life,” said Jayvionna Buck.

Growing up on Prairie Island, she recalled her mother excitedly pointing out every eagle.

“She would genuinely just yell at me, ‘Eagle!’ But it’s just a special occurrence for us to see,” Buck said. “We love seeing it, and normally when we do, we just offer tobacco to show our respects.”

Some Native Americans honor the eagle by taking it as their ceremonial name. Derek Walking Eagle, whose Lakota name is “Eagle Thunder,” celebrated the graduates wearing a woven medallion representing the bird.

To him, eagles are like relatives that connect him to his future and afterlife.

“Being able to carry on to the spirit world … that’s who guides you. It’s the eagle,” Walking Eagle said.

That deep respect attaches to the feathers, too.

“It’s the highest respect you can bestow on a person, from your family and from your people, from your tribe,” Thunder Hawk said. “We teach the person receiving the feather that they have to honor and respect the eagle. And we tell them why.”

Persistent troubles, but new hope

In many Native cultures, killing an eagle is “blasphemous,” he said. It is also a federal offense.

Historically, Sioux warriors would lure an eagle with rabbit or other food, pluck a few feathers and release it, said Thunder Hawk, who grew up in South Dakota.

Today, there’s a nationwide program that legally distributes eagle feathers and parts exclusively to tribal members, though it’s very backlogged. U.S. wildlife and tribal officials worry that killings and illegal trafficking of eagles for their feathers is on the rise, especially in the West.

In Minnesota, eagles are most often harmed by road accidents and eating poison – results of shrinking wildlife habitat that brings them in closer contact with humans, said Lori Arent, interim director of the University of Minnesota’s Raptor Center.

The center treats about 200 injured bald eagles each year. Of those they can save, most are eventually released back into the wild. Permanently disabled birds that lose an eye or whose wings are too badly fractured to fly are cared for there or at other educational institutions like the Wabasha eagle center.

The official designation could help more Americans understand how their behaviors inadvertently harm eagles, Arent said. Littering by a highway, for instance, attracts rodents that lure eagles, which then can be struck by vehicles. Fishing or hunting with tackles and ammunition containing lead exposes the eagles eating those fish or deer remains to fatal metal poisoning.

Humans have lost the ability to coexist in harmony with the natural world, Thunder Hawk said, voicing a concern shared by Indigenous people from the Chilean Andes to the U.S.-Mexico borderlands.

He hopes more people might now approach the eagle with the same reverence he was taught. It’s what leads him to offer sage or dried red willow bark every time he spots one as a “thank you for allowing me to see you and for you to hear my prayers and my thoughts.”

Erickson, the new graduate, shares that optimism.

“I feel like that kind of shows that we’re strong and united as a country,” she said by the Mississippi, her new feather nestled in her hair.

___

Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.

This story was originally featured on Fortune.com

© AP Photo/Mark Vancleave

Angel, a 26-year-old bald eagle from Wisconsin that was too gravely injured to be returned to the wild, serves as "ambassador" to visitors at the National Eagle Center in Wabasha, Minn., on Wednesday, July 9, 2025.
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Trump says he wants to deport ‘the worst of the worst,’ but ICE data shows 72% of people detained have no criminal convictions

President Donald Trump has pledged to deport “the worst of the worst.” He frequently speaks at public appearances about the countless “dangerous criminals” — among them murderers, rapists and child predators — from around the world he says entered the U.S. illegally under the Biden administration. He promises to expel millions of migrants in the largest deportation program in American history to protect law-abiding citizens from the violent threats he says they pose.

But government data around ongoing detentions tells a different story.

There has been an increase of arrests by U.S. Immigration and Customs Enforcement since Trump began his second term, with reports of raids across the country. Yet the majority of people currently detained by ICE have no criminal convictions. Of those who do, relatively few have been convicted of high-level crimes — a stark contrast to the chilling nightmare Trump describes to support his border security agenda.

“There’s a deep disconnect between the rhetoric and the reality,” said Ahilan Arulanantham, co-faculty director of the UCLA Law School’s Center for Immigration Law and Policy. “This administration, and also in the prior Trump administration, they consistently claim to be going after the worst of the worst and just talk about immigration enforcement as though it is all about going after violent, dangerous people with extensive criminal histories. And yet overwhelmingly, it’s people they’re targeting for arrest who have no criminal history of any kind.”

A look at the numbers

The latest ICE statistics show that as of June 29, there were 57,861 people detained by ICE, 41,495 — 71.7% — of whom had no criminal convictions. That includes 14,318 people with pending criminal charges and 27,177 who are subject to immigration enforcement, but have no known criminal convictions or pending criminal charges.

Each detainee is assigned a threat level by ICE on a scale of 1 to 3, with one being the highest. Those without a criminal record are classified as having “no ICE threat level.” As of June 23, the latest data available, 84% of people detained at 201 facilities nationwide were not given a threat level. Another 7% had been graded as a level 1 threat, 4% were level 2 and 5% were level 3.

“President Trump has justified this immigration agenda in part by making false claims that migrants are driving violent crime in the United States, and that’s just simply not true,” said Lauren-Brooke Eisen, senior director of the justice program at the Brennan Center for Justice. “There’s no research and evidence that supports his claims.”

Tricia McLaughlin, an assistant secretary at the Department of Homeland Security, called the assessment that ICE isn’t targeting immigrants with a criminal record “false” and said that DHS Secretary Kristi Noem has directed ICE “to target the worst of the worst—including gang members, murderers, and rapists.” She counted detainees with convictions, as well as those with pending charges, as “criminal illegal aliens.”

Nonpublic data obtained by the Cato Institute shows that as of June 14, 65% of the more than 204,000 people processed into the system by ICE since the start of fiscal year 2025, which began Oct. 1, 2024, had no criminal convictions. Of those with convictions, only 6.9% had committed a violent crime, while 53% had committed nonviolent crimes that fell into three main categories — immigration, traffic, or vice crimes.

Total ICE arrests shot up at the end of May after White House Deputy Chief of Staff Stephen Miller gave the agency a quota of 3,000 arrests a day, up from 650 a day in the first five months of Trump’s second term. ICE arrested nearly 30% more people in May than in April, according to the Transactional Records Clearinghouse, or TRAC. That number rose again in June, by another 28%.

The Cato Institute found that between Feb. 8 and May 17, the daily average of “noncriminals” processed into the system ranged from 421 to 454. In the following two weeks at the end of May, that number rose to 678 and then rose to 927 in the period from June 1 through 14.

“What you’re seeing is this huge increase in funding to detain people, remove people, enforce immigration laws,” Eisen said. “And what we’re seeing is that a lot of these people back to sort of the original question you asked, these are not people who are dangerous.”

Administration says focus is on dangerous criminals

Abigail Jackson, a White House spokesperson, said the administration is intensely focused on rooting out unvetted criminals who are in the country illegally.

“Just this week, the Administration conducted a successful operation rescuing children from labor exploitation at a marijuana facility in California, and continued arresting the worst of the worst – including murderers, pedophiles, gang members, and rapists,” she wrote in an email. “Any suggestion that the Administration is not laser focused on these dangerous criminals is flat out wrong.”

While most ICE detainees are not convicted criminals, there are detainees who have committed serious crimes. On Friday, the administration released information on five high-level offenders who had been arrested.

During his campaign, Trump highlighted several cases where immigrants in the country illegally were arrested for horrific crimes. Among them: The killing of 22-year-old Laken Riley, a Georgia nursing student who was slain last year by a Venezuelan man in the U.S. illegally. Jose Ibarra was found guilty of murder and other crimes in Riley’s February 2024 killing and sentenced him to life in prison without the possibility of parole. Ibarra is seeking a new trial.

Trump in January signed into law the Laken Riley Act, which requires the detention of unauthorized immigrants accused of theft and violent crimes.

Immigrants are not driving violent crime in US, studies find

Research has consistently found, however, that immigrants are not driving violent crime in the U.S. and that they actually commit fewer crimes than native-born Americans. A 2023 working paper from the National Bureau of Economic Research, for example, reported that immigrants for 150 years have had lower incarceration rates than those born in the U.S. In fact, the rates have declined since 1960 — according to the paper, immigrants were 60% less likely to be incarcerated.

Experts say the false rhetoric coming out of the Trump administration creates real harm.

“It makes people in immigrant communities feel targeted and marginalized,” Arulanantham said. “It creates more political and social space for hate in all its forms, including hate crime against immigrant communities.”

Eisen noted that the impact extends to other communities as well.

“All Americans should want safe and thriving communities and this idea that the president of the United States is making misleading statements about the truth and distorting reality is not the way to deliver public safety,” she said.

This story was originally featured on Fortune.com

© Damian Dovarganes—AP Photo

An art installation in Los Angeles displaying names and faces of people who have been detained, deported, or sent to offshore camps during ICE raids in Southern California.
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FEMA removed dozens of Camp Mystic buildings from 100-year flood map before expansion, records show

Federal regulators repeatedly granted appeals to remove Camp Mystic’s buildings from their 100-year flood map, loosening oversight as the camp operated and expanded in a dangerous flood plain in the years before rushing waters swept away children and counselors, a review by The Associated Press found.

The Federal Emergency Management Agency included the prestigious girls’ summer camp in a “Special Flood Hazard Area” in its National Flood Insurance map for Kerr County in 2011, which means it was required to have flood insurance and faced tighter regulation on any future construction projects.

That designation means an area is likely to be inundated during a 100-year flood — one severe enough that it only has a 1% chance of happening in any given year.

Located in a low-lying area along the Guadalupe River in a region known as flash flood alley, Camp Mystic lost at least 27 campers and counselors and longtime owner Dick Eastland when historic floodwaters tore through its property before dawn on July 4.

The flood was far more severe than the 100-year event envisioned by FEMA, experts said, and moved so quickly in the middle of the night that it caught many off guard in a county that lacked a warning system.

But Syracuse University associate professor Sarah Pralle, who has extensively studied FEMA’s flood map determinations, said it was “particularly disturbing” that a camp in charge of the safety of so many young people would receive exemptions from basic flood regulation.

“It’s a mystery to me why they weren’t taking proactive steps to move structures away from the risk, let alone challenging what seems like a very reasonable map that shows these structures were in the 100-year flood zone,” she said.

Camp Mystic didn’t respond to emails seeking comment and calls to it rang unanswered. The camp has called the flood an “unimaginable tragedy” and added in a statement Thursday that it had restored power for the purpose of communicating with its supporters.

FEMA exempted buildings at old and new sites

In response to an appeal, FEMA in 2013 amended the county’s flood map to remove 15 of the camp’s buildings from the hazard area. Records show that those buildings were part of the 99-year-old Camp Mystic Guadalupe, which was devastated by last week’s flood.

After further appeals, FEMA removed 15 more Camp Mystic structures in 2019 and 2020 from the designation. Those buildings were located on nearby Camp Mystic Cypress Lake, a sister site that opened to campers in 2020 as part of a major expansion and suffered less damage in the flood.

Campers have said the cabins at Cypress Lake withstood significant damage, but those nicknamed “the flats” at the Guadalupe River camp were inundated.

Experts say Camp Mystic’s requests to amend the FEMA map could have been an attempt to avoid the requirement to carry flood insurance, to lower the camp’s insurance premiums or to pave the way for renovating or adding new structures under less costly regulations.

Pralle said the appeals were not surprising because communities and property owners have used them successfully to shield specific properties from regulation.

Analysis shows flood risks at both camp sites

Regardless of FEMA’s determinations, the risk was obvious.

At least 12 structures at Camp Mystic Guadalupe were fully within FEMA’s 100-year flood plain, and a few more were partially in that zone, according to an AP analysis of data provided by First Street, a data science company that specializes in modeling climate risk.

Jeremy Porter, the head of climate implications at First Street, said FEMA’s flood insurance map underestimates flood risks. That’s because it fails to take into account the effects of heavy precipitation on smaller waterways such as streams and creeks. First Street’s model puts nearly all of Camp Mystic Guadalupe at risk during a 100-year flood.

The buildings at the newer Cypress Lake site are farther from the south fork of the flood-prone river but adjacent to Cypress Creek. FEMA’s flood plain doesn’t consider the small waterway a risk.

However, First Street’s model, which takes into account heavy rain and runoff reaching the creek, shows that the majority of the Cypress Lake site lies within an area that is at risk during a 100-year flood.

In a statement, FEMA downplayed the significance of the flood map amendments.

“Flood maps are snapshots in time designed to show minimum standards for floodplain management and the highest risk areas for flood insurance,” the agency wrote. “They are not predictions of where it will flood, and they don’t show where it has flooded before.”

An ‘arduous’ appeal process can help property owners

Property owners challenging FEMA’s map designations hire engineers to conduct detailed studies to show where they believe the 100-year flood plain should actually be drawn. That is a “pretty arduous process” that can lead to more accurate maps while making it easier for future construction, said Chris Steubing, executive director of the Texas Floodplain Management Association, an industry group that represents floodplain managers.

Pralle, who reviewed the amendments for AP, noted that some of the exempted properties were within 2 feet (0.6 meters) of FEMA’s flood plain by the camp’s revised calculations, which she said left almost no margin for error. She said her research shows that FEMA approves about 90% of map amendment requests, and the process may favor the wealthy and well-connected.

A study she published in 2021 with researcher Devin Lea analyzed more than 20,000 buildings that had been removed from FEMA flood maps. It found that the amendments occurred more often in places where property values were higher, more white people lived and buildings were newer.

Camp expanded after ‘tremendous success’

FEMA had cautioned in its amendments that other parts of Camp Mystic remained on the flood map, and that “any future construction or substantial improvement” would be subject to flood plain management regulations.

County officials not only allowed the camp to keep operating, but to dramatically expand.

Considered Texas royalty after decades of taking care of the daughters of elite families, Camp Mystic owners Dick and Tweety Eastland cited the “tremendous success” of their original camp in explaining the need for a second site nearby.

The expansion included new cabins and a dining hall, chapel, archery range and more. The camp had 557 campers and more than 100 staffers between its two locations when a state licensing agency conducted an inspection on July 2, two days before the tragedy, records show.

FEMA referred questions about the expansion to local officials, who didn’t reply to messages seeking comment.

Steubing, a longtime municipal engineer in Texas, said the rain and flooding that hit Kerr County in a matter of hours were so much more intense than anything in its history that it’s hard to call the flood plain management a failure.

Local officials likely believed they were following existing regulations when they allowed the camp to keep growing, but “then Mother Nature set a new standard,” he said.

“You could have built things 2 feet (0.6 meters) higher, 3 feet (0.9 meters) higher, and they still might have gotten taken down,” he said.

This story was originally featured on Fortune.com

© Eli Hartman—AP Photo

Camp Mystic in Hunt, Texas, on Monday after a flash flood swept through the area.
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Trump announces 30% tariffs against EU, Mexico as letter-writing blitz hits top U.S. trade partners

President Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico.

Trump announced the tariffs on two of the United States’ biggest trade partners in letters posted to his social media account.

In his letter to Mexico’s leader, Trump acknowledged that the country has been helpful in stemming the flow of undocumented migrants and fentanyl into the United States. But he said the country has not done enough to stop North America from turning into a “Narco-Trafficking Playground.”

“Mexico has been helping me secure the border, BUT, what Mexico has done, is not enough,” Trump added.

Trump in his letter to the European Union said that the U.S. trade deficit was a national security threat.

“We have had years to discuss our Trading Relationship with The European Union, and we have concluded we must move away from these long-term, large, and persistent, Trade Deficits, engendered by your Tariff, and Non-Tariff, Policies, and Trade Barriers,” Trump wrote in the letter to the EU. “Our relationship has been, unfortunately, far from Reciprocal.”

Trump is in the midst of an announcement blitz of new tariffs with allies and foes alike, a bedrock of his 2024 campaign that he said would set the foundation for reviving a U.S. economy that he claims has been ripped off by other nations for decades.

With the reciprocal tariffs, Trump is effectively blowing up the rules governing world trade. For decades, the United States and most other countries abided by tariff rates set through a series of complex negotiations known as the Uruguay round. Countries could set their own tariffs – but under the “most favored nation’’ approach, they couldn’t charge one country more than they charged another.

With Saturday’s letters, Trump has now issued tariff conditions on 24 countries and the 27-member European Union.

The European Union’s chief trade negotiator said earlier this week that a trade deal to avert higher tariffs on European goods imported to the U.S. could be reached “even in the coming days.” Maroš Šefčovič told EU lawmakers in Strasbourg, France on Wednesday that the EU had been spared the increased tariffs contained in the letters Trump sent on Monday, and that an extension of talks would provide “additional space to reach a satisfactory conclusion.”

The bloc collectively sells more to the U.S. than any other country. U.S. goods imports from the EU topped $553 billion in 2022, according to the Office of the U.S. Trade Representative.

Trump on April 2 proposed a 20% tariff for EU goods and then threatened to raise that to 50% after negotiations did not move as fast as he would have liked. Sefcovic did not mention any tariff figures.

The higher tariffs as well as any EU retaliation had been suspended as the two sides negotiate. However the base rate of 10% for most trade partners as well as higher rates of 25% on autos and 50% on steel and aluminum had gone into effect.

Douglas Holtz-Eakin, a former Congressional Budget Office director and president of the center-right American Action Forum, said the letters were evidence that serious trade talks were not taking place over the past three months. He stressed that nations were instead talking amongst themselves about how to minimize their own exposure to the U.S. economy and Trump.

“They’re spending time talking to each other about what the future is going to look like, and we’re left out,” Holtz-Eakin said.

He added that Trump was using the letters to demand attention, but, “In the end, these are letters to other countries about taxes he’s going to levy on his citizens.”

This story was originally featured on Fortune.com

© Ricardo B. Brazziell—Austin American-Statesman via AP

President Donald Trump at a roundtable discussion at the Community Emergency Operations Center in Kerrville, Texas, on Friday.
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California pampers its chickens and Americans pay the price, Trump argues in new DOJ lawsuit

The Trump administration is suing the state of California to block animal welfare laws that it says unconstitutionally helped send egg prices soaring. But a group that spearheaded the requirements pushed back, blaming bird flu for the hit to consumers’ pocketbooks.

The lawsuit, filed in federal court in California on Wednesday, challenges voter initiatives that passed in 2018 and 2008. They require that all eggs sold in California come from cage-free hens.

The Trump administration says the law imposes burdensome red tape on the production of eggs and egg products across the country because of the state’s outsize role in the national economy.

“It is one thing if California passes laws that affects its own State, it is another when those laws affect other States in violation of the U.S. Constitution,” U.S. Agriculture Brooke Rollins said in a statement Thursday. “Thankfully, President Trump is standing up against this overreach.”

Egg prices soared last year and earlier this year due in large part to bird flu, which has forced producers to destroy nearly 175 million birds since early 2022. But prices have come down sharply recently. While the Trump administration claims credit for that, seasonal factors are also important. Avian influenza, which is spread by wild birds, tends to spike during the spring and fall migrations and drop in summer.

“Pointing fingers won’t change the fact that it is the President’s economic policies that have been destructive,” the California Department of Justice said in a statement Friday. “We’ll see him in court.”

The average national price for a dozen Grade A eggs declined to $5.12 in April and $4.55 in May after reaching a record $6.23 in March, according to the U.S. Bureau of Labor Statistics. But the May price was still 68.5% higher than a year earlier.

“Trump’s back to his favorite hobby: blaming California for literally everything,” Gov. Gavin Newsom’s office said in a social media post.

The federal complaint alleges that California contributed to the rise in egg prices with regulations that forced farmers across the country to adopt more expensive production practices. The lawsuit also asserts that it is the federal government’s legal prerogative to regulate egg production. So it seeks to permanently block enforcement of the California regulations that flowed from the two ballot measures.

“Americans across the country have suffered the consequences of liberal policies causing massive inflation for everyday items like eggs,” Attorney General Pam Bondi said in a statement. “Under President Trump’s leadership, we will use the full extent of federal law to ensure that American families are free from oppressive regulatory burdens and restore American prosperity.”

While 2018’s Proposition 12 also banned the sale of pork and veal in California from animals raised in cages that don’t meet minimum size requirements, the lawsuit only focuses on the state’s egg rules.

Humane World for Animals, which was named the Humane Society of the United States when it spearheaded the passage of Proposition 12, says avian influenza and other factors drove up egg prices, not animal welfare laws. And it says much of the U.S. egg industry went cage-free anyway because of demand from consumers who don’t want eggs from hens confined to tiny spaces.

“California has prohibited the sale of cruelly produced eggs for more than a decade — law that has been upheld by courts at every level, including the Supreme Court. Blaming 2025 egg prices on these established animal welfare standards shows that this case is about pure politics, not constitutional law,” Sara Amundson, president of the Humane World Action Fund, said in a statement.

The American Egg Board, which represents the industry, said Friday that it will monitor the progress of the lawsuit while continuing to comply with California’s laws, and that it appreciates Rollins’ efforts to support farmers in their fight against bird flu and to stabilize the egg supply.

“Egg farmers have been both responsive and responsible in meeting changing demand for cage-free eggs, while supporting all types of egg production, and continuing to provide options in the egg case for consumers,” the board said in a statement.

This story was originally featured on Fortune.com

© AP Photo/Meg Kinnard

California Gov. Gavin Newsom.
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Bitcoin scores all-time high, blowing past $118,000 with room to run

Bitcoin has reached an all-time high, surpassing $118,000 as a flood of money moves into spot bitcoin ETFs, which have opened up cryptocurrency investing to millions.

A soft U.S. dollar and the digital currency friendliness of President Donald Trump’s administration has also helped to push the price of bitcoin to unprecedented levels recently.

Last month the Senate passed legislation that would regulate a form of cryptocurrency known as stablecoins, the first of what the industry hopes will be a wave of bills to bolster its legitimacy and reassure consumers.

The fast-moving legislation comes on the heels of a 2024 campaign cycle in which the crypto industry ranked among the top political spenders in the country, underscoring its growing influence in Washington and beyond.

Known as the GENIUS Act, the bill would establish guardrails and consumer protections for stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar. The acronym stands for “Guiding and Establishing National Innovation for U.S. Stablecoins.”

Next week the House of Representatives will be considering the GENIUS Act as part of Congress’ efforts to strengthen the country’s crypto position.

This story was originally featured on Fortune.com

© Rick Bowmer—AP Photo

In this April 3, 2013 photo, a 25 Bitcoin token is displayed in Sandy, Utah.
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Mexico’s cartels are taking a $1.3 billion bite out of the economy through extortion—and they’re getting hungrier

It started with a phone call to a men’s clothing store in the heart of Mexico City’s historic center. “I need you to put together 10,000 pesos ($500) for me weekly, or else we’ll have to do something,” the voice said.

The owner hung up and didn’t answer the phone again for days. But when another call came the following week, in a surge of courage and indignation the owner told the caller he wouldn’t pay, that the money demanded would have been half the store’s daily income. “Well, prepare to face the consequences,” the voice said.

Several years of escalating threats, visits from goons and armed robberies followed until the shop owner, who requested anonymity because he still fears retaliation, decided to close the store his grandfather had opened in 1936.

Extortion is strangling businesses in Mexico. Much, but not all, of it is linked to Mexico powerful organized crime groups. While some larger companies eat it as the cost of doing business, many smaller ones are forced to close.

The Mexican Employers’ Association, Coparmex, says extortion cost businesses some $1.3 billion in 2023. And this year, while other major crimes are descending, extortion continues to rise, up 10% nationally in the first quarter compared to the same period last year.

In Mexico City, the number of reported extortion cases nearly doubled in the first five months of 2025 to 498, up from 249 for the same period last year. It’s the highest total at this point in the year in the past six years, according to federal crime data.

A report to police goes nowhere

After the first call in 2019, the store owner had his employees stop answering the phone for eight months. Things quieted, but in early 2020, two men came to the shop and demanded payment. The owner pretended to be a shopper and slipped out.

In 2021, the weekly calls demanding money in exchange for “security” resumed. Under advice of his attorneys, eventually stopped going into the shop, instead managing everything remotely.

In one of several robberies, his employees were held at gunpoint, tied up and locked in a bathroom, while the thieves took money from the cash register.

Finally, after two years of threats and robberies, he reported it to authorities. Investigators demanded proof from him that he couldn’t provide because the threats were always verbal, he said. The investigation went nowhere.

Only fraction extortion cases reported

Reported extortion cases are only a small fraction of the reality.

Mexico’s National Institute for Statistics and Geography estimated that some 97% of extortion cases were not reported in 2023.

Reporting is low because of a combination of fear and skepticism that authorities will do something.

Mexico City police chief Pablo Vásquez Camacho said in an interview with AP that police were receiving more reports of extortion, but recognized that they still weren’t hearing about many more. “We can’t solve something that we’re not even seeing or that isn’t being reported,” Vásquez said.

The problem, said Vicente Gutiérrez Camposeco, president of the Mexico City Chamber of Commerce, “has become entrenched” in Mexico and especially the capital in recent years.

Daniel Bernardi, whose family has run a popsicle shop in the historic center for 85 years, was resigned to the situation. “There isn’t much to do,” he said. “You pay when you have to pay.”

Last month, the Mexico City prosecutor’s office announced that it was creating a special prosecutor’s office to investigate and prosecute extortion.

Pay up or die

In July, President Claudia Sheinbaum said she would propose legislation giving the government greater powers to pursue extortionists.

This week, her administration also announced a national strategy to address extortion. There will be a phone number to anonymously report extortion; the power to immediately cancel phone numbers associated with extortion calls; local anti-extortion units to investigate cases and the involvement of Mexico’s Financial Intelligence Unit to freeze bank accounts associated with extortion.

Nationally, extortion cases are up more than 6% on the year.

Extortion’s rapid expansion has to do with the significant sums it generates for organized crime, drawing in the country’s most powerful drug cartels among others. The Sinaloa and Jalisco New Generation cartels have made extortion “one of the divisions of their criminal portfolios,” said security analyst David Saucedo.

And with the cartels involved, small-time crooks take advantage of the fear and run their own little extortion rackets, pretending to be associated with larger organized crime groups.

The Mexico City men’s clothing store owner didn’t know who was extorting him. But without help from authorities, he felt alone and exposed. The threats had grown stronger and they now said they’d kill him if he didn’t pay.

The owner recalled that a nearby restaurant that had opened around the same time as his own store, had closed after its owner was killed, supposedly after not paying extortion demands.

So in December 2023, he saw no other option but to close. Little by little he watched old pieces of furniture carried out of the store that his father had passed on to him as his grandfather had passed it on to his father.

“When I closed I felt very sad. And then it made me so mad to think that I could still go on, but because of fear I couldn’t,” he said. “You work your whole life for them to destroy it.”

This story was originally featured on Fortune.com

© https://content.fortune.com/wp-admin/post.php?post=4272628&action=edit

Maria Consuelo Loera, the mother of convicted Mexican drug kingpin Joaquin "El Chapo" Guzman.
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Days after Supreme Court go-ahead, State Department fires over 1,300 employees

The State Department is firing more than 1,300 employees on Friday in line with a dramatic reorganization plan initiated by the Trump administration earlier this year.

The department is sending layoff notices to 1,107 civil servants and 246 foreign service officers with domestic assignments in the United States, said a senior State Department official, who spoke on the condition of anonymity to discuss personnel matters ahead of individual notices being emailed to affected employees.

Foreign service officers affected will be placed immediately on administrative leave for 120 days, after which they will formally lose their jobs, according to an internal notice obtained by The Associated Press. For most affected civil servants, the separation period is 60 days, it said.

“In connection with the departmental reorganization … the department is streamlining domestic operations to focus on diplomatic priorities,” the notice says. “Headcount reductions have been carefully tailored to affect non-core functions, duplicative or redundant offices, and offices where considerable efficiencies may be found from centralization or consolidation of functions and responsibilities.”

While lauded by President Donald Trump, Secretary of State Marco Rubio and their Republican allies as overdue and necessary to make the department leaner, more nimble and more efficient, the cuts have been roundly criticized by current and former diplomats who say they will weaken U.S. influence and its ability to counter existing and emerging threats abroad.

The Trump administration has pushed to reshape American diplomacy and worked aggressively to shrink the size of the federal government, including mass dismissals as part of moves to dismantle whole departments like the U.S. Agency for International Development and the Education Department.

A recent ruling by the Supreme Court cleared the way for the layoffs to start, while lawsuits challenging the legality of the cuts continue to play out. The department had formally advised staffers on Thursday that it would be sending layoff notices to some of them soon. The job cuts are large but considerably less than many had feared.

Rubio said officials took “a very deliberate step to reorganize the State Department to be more efficient and more focused.”

“It’s not a consequence of trying to get rid of people. But if you close the bureau, you don’t need those positions,” he told reporters Thursday in Kuala Lumpur, Malaysia, where he’s attending the annual Association of Southeast Asian Nations Regional Forum. “Understand that some of these are positions that are being eliminated, not people.”

He said some of the cuts will be unfilled positions or those that are about to be vacant because an employee took an early retirement.

The American Foreign Service Association, the union that represents diplomats, urged the State Department last month to hold off on job cuts.

Notices for a reduction in force, which would not only lay off employees but eliminate positions altogether, “should be a last resort,” association President Tom Yazdgerdi said. “Disrupting the Foreign Service like this puts national interests at risk — and Americans everywhere will bear the consequences.”

Michael Rigas, the department’s deputy secretary for management and resources, said in a notice Thursday that select staffers would be informed if they were being laid off and called it part of the department’s biggest reorganization in decades.

“Soon, the Department will be communicating to individuals affected by the reduction in force. First and foremost, we want to thank them for their dedication and service to the United States,” he said.

In late May, the State Department notified Congress of an updated reorganization plan, proposing cuts to programs beyond what had been revealed earlier by Rubio and an 18% reduction of staff in the U.S., even higher than the 15% initially floated in April.

The restructuring has been driven in part by the need to find a new home for the remaining functions of USAID, which was an early target of the Trump administration and then-aide Elon Musk’s Department of Government Efficiency.

The State Department is planning to eliminate some divisions tasked with oversight of America’s two-decade involvement in Afghanistan, including an office focused on resettling Afghan nationals who worked alongside the U.S. military.

A letter that the department had sent to Congress noted that the reorganization will affect more than 300 bureaus and offices, saying it is eliminating divisions it describes as doing unclear or overlapping work. It says Rubio believes “effective modern diplomacy requires streamlining this bloated bureaucracy.”

That letter was clear that the reorganization also is intended to eliminate programs — particularly those related to refugees and immigration, as well as human rights and democracy promotion — that the Trump administration believes have become ideologically driven in a way that is incompatible with its priorities and policies.

This story was originally featured on Fortune.com

© Mandel Ngan—Pool Photo via AP

U.S. Secretary of State Marco Rubio gestures as he boards his flight before departing from Subang Air Base, on the outskirts of Kuala Lumpur, on July 11, 2025.
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Inside Gaza’s world of ‘cash brokers’ as currency disappears: ‘We lose nearly half of our money just to be able to spend it’

Cash is the lifeblood of the Gaza Strip’s shattered economy, and like all other necessities in this war-torn territory — food, fuel, medicine — it is in extremely short supply.

With nearly every bank branch and ATM inoperable, people have become reliant on an unrestrained network of powerful cash brokers to get money for daily expenses — and commissions on those transactions have soared to about 40%.

“The people are crying blood because of this,” said Ayman al-Dahdouh, a school director living in Gaza City. “It’s suffocating us, starving us.”

At a time of surging inflation, high unemployment and dwindling savings, the scarcity of cash has magnified the financial squeeze on families — some of whom have begun to sell their possessions to buy essential goods.

The cash that is available has even lost some of its luster. Palestinians use the Israeli currency, the shekel, for most transactions. Yet with Israel no longer resupplying the territory with newly printed bank notes, merchants are increasingly reluctant to accept frayed bills.

Gaza’s punishing cash crunch has several root causes, experts say.

To curtail Hamas’ ability to purchase weapons and pay its fighters, Israel stopped allowing cash to enter Gaza at the start of the war. Around the same time, many wealthy families in Gaza withdrew their money from banks and then fled the territory. And rising fears about Gaza’s financial system prompted foreign businesses selling goods into the territory to demand cash payments.

As Gaza’s money supply dwindled and civilians’ desperation mounted, cash brokers’ commissions — around 5% at the start of the war — skyrocketed.

Someone needing cash transfers money electronically to a broker and moments later is handed a fraction of that amount in bills. Many brokers openly advertise their services, while others are more secretive. Some grocers and retailers have also begun exchanging cash for their customers.

“If I need $60, I need to transfer $100,” said Mohammed Basheer al-Farra, who lives in southern Gaza after being displaced from Khan Younis. “This is the only way we can buy essentials, like flour and sugar. We lose nearly half of our money just to be able to spend it.”

In 2024, inflation in Gaza surged by 230%, according to the World Bank. It dropped slightly during the ceasefire that began in January, only to shoot up again after Israel backed out of the truce in March.

Cash touches every aspect of life in Gaza

About 80% of people in Gaza were unemployed at the end of 2024, according to the World Bank, and the figure is likely higher now. Those with jobs are mostly paid by direct deposits into their bank accounts.

But “when you want to buy vegetables, food, water, medication — if you want to take transportation, or you need a blanket, or anything — you must use cash,” al-Dahdouh said.

Shahid Ajjour’s family has been living off of savings for two years after the pharmacy and another business they owned were ruined by the war.

“We had to sell everything just to get cash,” said Ajjour, who sold her gold to buy flour and canned beans. The family of eight spends the equivalent of $12 every two days on flour; before the war, that cost less than $4.

Sugar is very expensive, costing the equivalent of $80-$100 per kilogram (2.2 pounds), multiple people said; before the war, that cost less than $2.

Gasoline is about $25 a liter, or roughly $95 a gallon, when paying the lower, cash price.

Bills are worn and unusable

The bills in Gaza are tattered after 21 months of war.

Money is so fragile, it feels as if it is going to melt in your hands, said Mohammed al-Awini, who lives in a tent camp in southern Gaza.

Small business owners said they were under pressure to ask customers for undamaged cash because their suppliers demand pristine bills from them.

Thaeir Suhwayl, a flour merchant in Deir al-Balah, said his suppliers recently demanded he pay them only with brand new 200-shekel ($60) bank notes, which he said are rare. Most civilians pay him with 20-shekel ($6) notes that are often in poor condition.

On a recent visit to the market, Ajjour transferred the shekel equivalent of around $100 to a cash broker and received around $50 in return. But when she tried to buy some household supplies from a merchant, she was turned away because the bills weren’t in good condition.

“So the worth of your $50 is zero in the end,” she said.

This problem has given rise to a new business in Gaza: money repair. It costs between 3 and 10 shekels ($1-$3) to mend old bank notes. But even cash repaired with tape or other means is sometimes rejected.

People are at the mercy of cash brokers

After most of the banks closed in the early days of the war, those with large reserves of cash suddenly had immense power.

“People are at their mercy,” said Mahmoud Aqel, who has been displaced from his home in southern Gaza. “No one can stop them.”

The war makes it impossible to regulate market prices and exchange rates, said Dalia Alazzeh, an expert in finance and accounting at the University of the West of Scotland. “Nobody can physically monitor what’s happening,” Alazzeh said.

A year ago, the Palestine Monetary Authority, the equivalent of a central bank for Gaza and the West Bank, sought to ease the crisis by introducing a digital payment system known as Iburaq. It attracted half a million users, or a quarter of the population, according to the World Bank, but was ultimately undermined by merchants insisting on cash.

Israel sought to ramp up financial pressure on Hamas earlier this year by tightening the distribution of humanitarian aid, which it said was routinely siphoned off by militants and then resold.

Experts said it is unclear if the cash brokers’ activities benefit Hamas, as some Israeli analysts claim.

The war has made it more difficult to determine who is behind all sorts of economic activity in the territory, said Omar Shabaan, director of Palthink for Strategic Studies, a Gaza-based think tank.

“It’s a dark place now. You don’t know who is bringing cigarettes into Gaza,” he said, giving just one example. “It’s like a mafia.”

These same deep-pocketed traders are likely the ones running cash brokerages, and selling basic foodstuffs, he said. “They benefit by imposing these commissions,” he said.

Once families run out of cash, they are forced to turn to humanitarian aid.

Al-Farra said that is what prompted him to begin seeking food at an aid distribution center, where it is common for Palestinians to jostle over one other for sacks of flour and boxes of pasta.

“This is the only way I can feed my family,” he said.

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Kullab reported from Jerusalem.

This story was originally featured on Fortune.com

© DAVID GRAY / AFP) (Photo by DAVID GRAY/AFP via Getty Images

How much cash is still in Gaza?
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Trump stuns Canada with tariff letter hiking rate to 35% from 25%

President Donald Trump said in a Thursday letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance.

The letter to Canadian Prime Minister Mark Carney is an aggressive increase to the top 25% tariff rates that Trump first imposed in March after months of threats. Trump’s tariffs were allegedly in an effort to get Canada to crack down on fentanyl smuggling despite the relatively modest trafficking in the drug from that country. Trump has also expressed frustration with a trade deficit with Canada that largely reflects oil purchases by America.

“I must mention that the flow of Fentanyl is hardly the only challenge we have with Canada, which has many Tariff, and Non-Tariff, Policies and Trade Barriers,” Trump wrote in the letter.

The higher rates would go into effect Aug. 1, creating a tense series of weeks ahead for the global economy as recent gains in the S&P 500 stock index suggest many investors think Trump will ultimately back down on the increases.

While multiple countries have received tariff letters this week, Canada — America’s second largest trading partner after Mexico — has become something of a foil to Trump. It has imposed retaliatory tariffs on U.S. goods and pushed back on the president’s taunts of making Canada the 51st state. Mexico has also faced 25% tariffs because of fentanyl, yet it has not faced the same public pressure from Trump.

Carney was elected prime minister in April on the argument that Canadians should keep their “elbows up.” He has responded by distancing Canada from its intertwined relationship with the U.S., seeking to strengthen its links with the European Union and the United Kingdom.

Hours before Trump’s letter, Carney posted on X a picture of himself with British Prime Minister Keir Starmer, saying, “In the face of global trade challenges, the world is turning to reliable economic partners like Canada.” Implied in his statement was that the U.S. has become unreliable because of Trump’s haphazard tariff regime, which has gone through aggressive threats and reversals.

When Carney went to the White House in May, the public portion of their meeting was cordial. But Trump said there was nothing the Canadian leader could tell him to remove the tariffs.

“Just the way it is,” Trump said at the time.

Carney indicated he would be willing to be patient in pursuing talks on trade.

“There are much bigger forces involved,” the Canadian leader said. “And this will take some time and some discussions.”

Trump has sent a series of tariff letters to 23 countries so far. Those form letters became increasingly personal with Canada as well as a Wednesday note that put a 50% tariff on Brazil for the ongoing trial of its former president, Jair Bolsonaro, for trying to stay in office after his 2022 election loss. Trump was similarly indicted for his efforts to overturn his 2020 election loss.

The letters reflect the inability of Trump to finalize the dozens of trade frameworks that he claimed would be easy to negotiate. Shortly after unveiling his April 2 “Liberation Day” tariffs, a financial market selloff caused Trump to announce a 90-day negotiating period during which a 10% baseline tariff would be charged on most imported goods.

But Trump has indicated that the 10% tariff rates are largely disappearing as he resets the rates with his letters.

“We’re just going to say all of the remaining countries are going to pay, whether it’s 20% or 15%,” Trump said in a phone interview with NBC News.

So far, Trump has announced trade frameworks with the U.K. and Vietnam, as well as a separate deal with China in order to enable continued trade talks. Trump jacked up import taxes on Chinese goods to as much as 145%, but after talks Trump has said China faces total tariffs of 55%.

In June, Trump said he was suspending trade talks with Canada over its plans to continue its digital services tax, which would hit U.S. technology companies. A few days later, talks resumed when Carney rescinded the tax.

Under the current tariff structure, the 2020 United States Mexico Canada Agreement has protected eligible goods from Trump’s tariffs. But a review of the pact is scheduled for 2026.

This story was originally featured on Fortune.com

© Getty Images—Anna Moneymaker

U.S. President Donald Trump speaks to Canadian Prime Minister Mark Carney in the Oval Office at the White House on May 6, 2025.
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Share of U.S. adults saying immigration is a ‘good thing’ has jumped from 64% to 79% with Trump back in office

Just months after President Donald Trump returned to office vowing mass deportations, the share of U.S. adults saying immigration is a “good thing” for the country has jumped substantially — including among Republicans, according to new Gallup polling.

About 8 in 10 Americans, 79%, say immigration is “a good thing” for the country today, an increase from 64% a year ago and a high point in the nearly 25-year trend. Only about 2 in 10 U.S. adults say immigration is a bad thing right now, down from 32% last year.

During Democratic President Joe Biden’s term in office, negative views of immigration had increased markedly, reaching a high point in the months before Trump, a Republican, took office. The new Gallup data suggests U.S. adults are returning to more pro-immigrant views that could complicate Trump’s push for sweeping deportations in his second term. Americans’ views of immigration policies have shifted dramatically in the last year — including among Republicans, who have become much more content with immigration levels since Trump took office but who have also grown more supportive of pathways to citizenship for people in the country illegally.

The broader trend also shows that public opinion is generally much more favorable to immigrants than it was decades ago.

The vast majority of U.S. adults say immigration is good

Americans’ more positive view on immigration is driven primarily by a shift among Republicans and independents.

About two-thirds of Republicans now say immigrants are “a good thing” for the country, up from 39% last year. And independents moved from about two-thirds last year to 80% this year.

Democrats have maintained their overwhelmingly positive view of immigration in the last few years.

The share of Americans who want immigration decreased has dropped significantly

In the time since Trump took office, Republicans have become more satisfied with the level of immigration in the country.

The share of Americans who want immigration “decreased” in the United States dropped from 55% to 30%. While fewer Americans now want to decrease the number of people who come to the U.S. from other countries, more want immigration levels kept the same than want higher immigration levels. About 4 in 10 say immigration should be kept at its current level, and only 26% say immigration should be increased.

The poll suggests Republicans’ sharp anti-immigrant views highlighted before November’s election — which helped return Trump to the White House — have largely faded. The share of Republicans saying immigration should be decreased dropped from a high of 88% to 48% in the last year. Close to 4 in 10 Republicans now say immigration levels should remain the same, and only about 1 in 10 would like an increase.

Much of that Republican movement likely comes from support for the Trump administration’s stringent immigration enforcement, but there are also signs in the Gallup polling that Republicans have become more supportive of pathways to citizenship for immigrants in the country illegally and more likely to see benefits from immigration that could be at odds with the Trump administration’s priorities.

More Americans back a pathway to citizenship

Most Americans favor allowing immigrants living in the U.S. illegally the chance to become U.S. citizens if they meet certain requirements over a period of time, the poll shows.

Almost 9 in 10 U.S. adults, 85%, favor a pathway to citizenship for immigrants who were brought to the U.S. illegally as children, and nearly as many say they favor a path to citizenship for all immigrants in the country illegally as long as they meet certain requirements.

That increased support for pathways to citizenship largely comes from Republicans, about 6 in 10 of whom now support that, up from 46% last year. Support was already very high among independents and Democrats.

Support for deporting immigrants in the country illegally has also decreased across the board, but less significantly. About 4 in 10 U.S. adults now favor deporting immigrants who are in the country illegally, down from about half a year ago.

This story was originally featured on Fortune.com

© Eric Gay—AP

Immigration advocates protest recent detentions by ICE outside the immigration court in San Antonio, on July 1, 2025.
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China has 90% of the rare earth that the world needs. America’s just getting started on its second mine

The developer of what would be the first new coal mine in Wyoming in decades plans to process the fossil fuel to extract hard-to-get metals that are crucial for tech products and military hardware.

Energy Secretary Chris Wright, former West Virginia U.S. Sen. Joe Manchin, Wyoming Gov. Mark Gordon, and Wyoming’s congressional delegation are on the VIP list for a groundbreaking ceremony Friday at the Ramaco Resources, Inc., Brook Mine outside Ranchester in far northern Wyoming.

Rare earth elements are a family of 17 metallic elements with unusual properties that make them useful for specific applications. Neodymium and dysprosium are used in the permanent magnets of wind turbines, lanthanum in electric and hybrid car batteries.

Yttrium and terbium have critical military uses, including in targeting devices.

China supplies almost 90% of the world’s rare earths. Concern about continued access to the substances has been a focus of recent negotiations between China and the U.S., and led the Trump administration to try to encourage more production domestically.

Rare earths aren’t especially rare but so scattered they are difficult to bring together in useful quantities. Currently the only U.S. rare earths mine is at Mountain Pass in California.

Analysis by U.S. national laboratories show the Brook Mine coal contains valuable quantities of the rare earths neodymium, praseodymium, dysprosium and terbium, as well as the critical minerals gallium, scandium and germanium, according to a Ramaco letter to shareholders on July 1.

“We would intend to mine it here in Wyoming, process it here in Wyoming and sell it to domestic customers including the government,” Ramaco CEO Randall Atkins said Thursday.

Manchin, who left office in January after not seeking re-election, joined the Ramaco board in April.

No new Wyoming coal mine has opened in 50 years. Wyoming’s coal industry instead has shrunk substantially since its peak over a decade ago, troubled as utilities switch to renewable energy and power plants fueled by cheaper natural gas.

The Brook Mine, stalled in part by landowners worried about groundwater depletion, has been in the works for over a decade. Atkins originally envisioned it as a source of subbituminous power plant fuel, much like Wyoming’s massive open-pit mines that supply about 40% of the nation’s coal.

A public company with metallurgical coal mines in Appalachia, Ramaco in recent years received Department of Energy grants to develop coal into carbon-based products such as carbon fiber. This year, it got a $6.1 million grant from Wyoming to build a rare earth and critical minerals processing plant.

A consultant report released this week found that fully developing the mine and processing plant would cost around $500 million, a sum that could be recovered in five years if the rare earths can be extracted and sold. Ramaco also would sell the processed coal as fuel, Atkins said.

This story was originally featured on Fortune.com

© Thomas Peter - Pool/Getty Images

Xi has the rare earths Trump wants.
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Rubio meets China’s foreign minister in Malaysia as U.S.-Chinese tensions grow over trade and security

U.S. Secretary of State Marco Rubio wrapped up his second and final day at a Southeast Asian security conference in a high-stakes meeting with his Chinese counterpart as tensions grow between Washington and Beijing over issues from trade to security and China’s support for Russia’s war in Ukraine.

After discussions with regional countries at the Association of Southeast Asian Nations forum in Malaysia, Rubio on Friday ended his first official trip to Asia with his first face-to-face talks with Chinese Foreign Minister Wang Yi.

Neither man nor the delegations spoke to journalists as they posed for photos at the top of the meeting.

The meeting was held less than 24 hours after Rubio met in Kuala Lumpur with another rival, Russian Foreign Minister Sergey Lavrov, during which they discussed potential new avenues to jumpstart Ukraine peace talks.

The meetings come against a backdrop of global and regional unease over U.S. policies, notably on trade and large tariffs that U.S. President Donald Trump has threatened to impose on friend and foe alike.

While Rubio heard complaints about the tariffs from his Southeast Asian counterparts, he told reporters Thursday that many of them focused their discussion on security issues, their concerns about Chinese domination and desire for cooperation with the U.S.

“Of course, it’s raised. It’s an issue,” Rubio said. “But I wouldn’t say it solely defines our relationship with many of these countries. There are a lot of other issues that we work together on, and I think there was great enthusiasm that we were here and that we’re a part of this.”

However, Trump sees China as the biggest threat to the United States in multiple fields, not least technology and trade, and like previous U.S. presidents has watched the country greatly expand its influence globally while turning increasingly assertive in the Indo-Pacific, notably toward its small neighbors over the South China Sea and Taiwan.

Trump has warned of massive tariffs that he could impose on Chinese exports to the United States and preliminary discussions between the two sides have yet to produce significant progress.

Since former President Joe Biden was in office, the U.S. has also accused China of assisting Russia in rebuilding its military industrial sector to help it execute its war against Ukraine. Rubio said the Trump administration shares that view.

“I think the Chinese clearly have been supportive of the Russian effort, and I think that generally they’ve been willing to help them as much as they can without getting caught,” Rubio said Thursday, suggesting the topic would be discussed if he and Wang met.

Rubio and Wang have been shadowboxing during the two-day ASEAN meeting, with each touting the benefits of their partnership to Southeast Asian nations.

Rubio has played up cooperation, including signing a civil-nuclear cooperation agreement with Malaysia, while Wang has railed against Trump’s threatened tariffs and projected China as a stable counterweight in talks with Southeast Asian counterparts on the sidelines.

“The U.S. is abusing tariffs, wrecking the free trade system and disrupting the stability of the global supply chain,” Wang told his Thai counterpart Maris Sangiampongsa, according the Chinese foreign ministry.

In a meeting with Cambodian Deputy Prime Minister Prak Sokhonn, Wang said that the tariffs are “an attempt to deprive all parties of their legitimate right to development.”

“In the face of turbulent global situation, China is willing to be Cambodia’s trustworthy and reliable friend and partner,” he added.

On Thursday, Wang and Lavrov met and delivered a subtle but unmistakable warning to the United States over Southeast Asia.

“Russia and China both support ASEAN’s central role in regional cooperation, are committed to maintaining peace and stability in the Asia-Pacific region, and are wary of certain major powers creating divisions and instigating confrontation in the region,” they said, according to Russia’s foreign ministry.

But Rubio found support from Australian Foreign Minister Penny Wong, who said Friday that continued U.S. engagement was crucial for regional stability.

“We want to see a region where no one country dominates and no country is dominated,” Wong told reporters when asked about China’s rising might in the region. “We want to see a region where there is a balance of power… where there is no coercion or duress.”

At the same time, Wong said Australia is committed to maintaining a stable relationship with China, noting that engagement remains the best path forward.

This story was originally featured on Fortune.com

© Vincent Thian—AP

U.S. Secretary of State Marco Rubio attends the East Asia Summit Foreign Ministers' Meeting at the Association of Southeast Asian Nations (ASEAN) Foreign Ministers' Meeting and Related Meetings in Kuala Lumpur, on July 11, 2025.
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