Biden, in Rare Remarks Since Presidency, Warns His Accomplishments Are Coming Undone
Speaking for more than an hour to thousands of human-resources professionals gathered by the HR trade group SHRM in San Diego, the former president never mentioned President Trump by name. But he warned of the risks of America retreating from the world stage and touted his own presidency's moves to bolster the North Atlantic Treaty Organization alliance.
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22 minutes ago
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Elon Musk Deflects Bill Gates' Foreign Aid Alarm With Personal Swipe
The tech world's most consequential feud has flared up again. Elon Musk and Bill Gates, two men who have shaped the modern world, are locked in a bitter public dispute, this time over foreign aid cuts with life or death stakes. The conflict pits Musk, in his role spearheading a government efficiency initiative, against Gates, the world's most prominent philanthropist. A little over a month after Musk's departure from his role in the Trump administration, where he led efforts to slash federal spending, Gates took to X, Musk's own social network, to condemn the devastating impact of those cuts on global health. Drawing on new reports, Gates presented a grim tally of the human cost. 'A study in the Lancet recently looked at the cumulative impact of reductions in American aid. It found that, by 2040, 8 million more children will die before their fifth birthday,' Gates posted on July 3, linking to the medical journal's study. He followed up by highlighting the threat to HIV treatment programs. 'According to a @UNAIDS analysis, ending PEPFAR-supported programs for people living with HIV could result in an additional 4.2 million deaths by 2029,' Gates stated, providing a link to the report. Driving the point home, he warned that pulling vaccine funding would have catastrophic results. Gavi, the Vaccine Alliance, has helped immunize over 1.1 billion children since 2000. 'The U.S. announced that, after this year, it's pulling out all its money,' Gates wrote. 'If that happens, Gavi estimates that 75 million children will miss vaccinations over the next five years—and of those, 1.2 million children will die.' His conclusion was blunt: 'The facts are simple and devastating: Aid cuts have already cost lives, and the number of deaths will continue to rise.' Gates argued for a reversal, noting that global health is a tiny fraction of the federal budget. 'In 2023, the US spent less than one percent of the federal budget on lifesaving global health programs.' While Gates never mentioned Musk by name, the world's richest man felt targeted and seized on another user's post to launch a counterattack. The user blasted Gates, writing, 'Bro, you are worth $117 billion. If you really think aid cuts are costing lives, feel free to make up the difference.' Musk's reply was a single, cutting word: 'Exactly.' He then added a personal jab, dismissing Gates's philanthropic motives. 'The real reason Gates is unhappy is that HIS organization isn't getting billions in US taxpayer money anymore.' Exactly. The real reason Gates is unhappy is that HIS organization isn't getting billions in US taxpayer money anymore. — Elon Musk (@elonmusk) July 6, 2025As of July 5, Musk's net worth is estimated at $361 billion by the Bloomberg Billionaires Index, while Gates's fortune sits at $124 billion. The animosity between Musk and Gates is not new. It stems from a deep grudge Musk holds over Gates for shorting Tesla stock. Think of short selling as betting on failure. A short seller borrows shares of a stock, immediately sells them, and waits for the price to crash. If it does, they buy the shares back at the new, lower price, return them to the lender, and pocket the difference. It's a high risk move that infuriates founders like Musk, who see it as a direct attack on their company. Shorting is not illegal, but it's one of the most aggressive moves you can make in the market. Musk has never forgotten Gates's bet against his electric car company and brings it up frequently. 'Gates placed a massive bet on Tesla dying when our company was at one of its weakest moments several years ago,' Musk posted in September 2023. 'Such a big short position also drives the stock down for everyday investors.' He then added, 'To the best of my knowledge, Gates still has that massive bet against Tesla on the table. Someone should ask him if he does.' Just so that the public understands: Taking out a short position against Tesla, as Gates did, results in the highest return only if a company goes bankrupt! Gates placed a massive bet on Tesla dying when our company was at one of its weakest moments several years ago. Such a… — Elon Musk (@elonmusk) September 11, 2023While Gates has acknowledged placing a short position on Tesla in the past, he has never publicly confirmed if the position is still active, leaving the door open for Musk to continue fueling the feud.
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Iran at 'decision point' after Trump strikes on nuclear program, says US NATO ambassador
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Fox News
40 minutes ago
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Jeffries sidesteps question about Mamdani identifying as Asian, African-American on college application
House Minority leader Hakeem Jeffries sidestepped a question about a New York Times report that New York City Mayoral candidate Zohran Mamdani identified as African-American and Asian on his college application, which prompted attacks from his mayoral competitors. "New York City Mayor Eric Adams is attacking Mamdani over reports that he identified himself as African-American and Asian on college application. Mamdani was born in Uganda, his parents from India. What are your thoughts on this issue? Mamdani has checked multiple boxes trying to capture what he calls the fullness of his background," Rev. Al Sharpton asked Jeffries on Saturday during his MSNBC show. "I mean, is this a real issue to you?" The article claimed that Mamdani, when asked his race on his 2009 college application to Columbia University, checked the boxes for "Asian" but also "Black or African American," in their article published on Thursday. "I think to me, you know, the issue that we have to deal with in New York City, which our Democratic nominee did talk about extensively during the primary campaign, is affordability," Jeffries responded. "And particularly in many of the neighborhoods that are being overwhelmed by gentrification and wiped out by housing displacement." Jeffries continued, "that whoever's going to be the next mayor of the City of New York really needs to articulate a concrete plan for making sure that working-class communities, including working-class neighborhoods of color, can still have a place in our great city." "The city that both of us love, but we know, is changing significantly in terms of the opportunity for working families and middle-class folks to be able to continue to call a home," he said. The New York Times' reporting was criticized by liberals, including former MSNBC host Keith Olbermann, who wrote on X, "Your absolute abrogation of the NYT standards would in a better era there have led the full range of you in management to resign. Utter failure." "Then again, if you don't realize NYT is perceived as actively campaigning against Mamdani, you're all lost anyway," Olbermann continued. The Times' assistant managing editor for Standards and Trust, Patrick Healy, put out a lengthy statement on X the following day after receiving "reader feedback" on the article. "Our reporters obtained information about Mr. Mamdani's Columbia college application and went to the Mamdani campaign with it. When we hear anything of news value, we try to confirm it through direct sources. Mr. Mamdani confirmed this information in an interview with The Times," he wrote. Healy explained that the New York City mayoral candidate felt limited by the options listed in the application's racial identity boxes — and since he was born in Uganda, decided to write in the country on his application. Mamdani's application was made available to The Times after a cyberattack on Columbia University in late June led to some of the school's sensitive information being exposed to the hackers. Healy stated that although the outlet received the information after it was stolen in a cyberattack, "The Times does not solely rely on nor make a decision to publish information from such a source," and verified the application with Mamdani himself before publishing the story.
