Centrist Democrats are convinced they hold the answers to their party's problems
That's the gospel speakers preached on stage Wednesday in the basement of a Washington, D.C., hotel, where hundreds of centrist elected officials, candidates and operatives gathered to commiserate over the 2024 election results and chart their version of the path forward for the Democratic Party.
'There's a hunger for people to work together, to try to find solutions and to talk in common sense terms,' said Rep. Tom Suozzi (D-N.Y.), who won a much-heralded special election in 2024 by calling out his own party on immigration policies.
'I think that there's a lot more elected officials that are willing to speak up about that because they don't want to lose,' Suozzi told reporters after his appearance.
Wednesday's daylong conference, which represented a who's-who of center-left Democratic politics, from analytics guru David Shor to Michigan Sen. Elissa Slotkin to New York Rep. Ritchie Torres, was the latest sign that moderate Democrats believe they are ascendant in the party, looking to influence its posture heading into the 2026 midterms and 2028 presidential primary. Seven of the 12 House Democrats who won in Trump districts last year participated in the event, including Reps. Jared Golden of Maine, Marie Gluesenkamp Perez of Washington and Adam Gray of California.
'Most Americans are Blue Dogs,' Gluesenkamp told writer Matt Yglesias, and noted only 10 Democrats remain in the once-robust Blue Dog Caucus. 'Politics has become irrelevant to most people because it has excluded the things that touch their life. It's about making politics more relevant to more people.'
But the rifts within the Democratic Party are still evident. Speakers railed against progressive groups like Justice Democrats, Our Revolution and Indivisible, who they said forced the party into unwinnable positions — and weren't focused on winning majorities.
'When you read the documents of the national Indivisible group, they spell it right out, as plain as day, that they're throwing out the Blue Dogs and New Dems,' said Golden. 'Their goal is to divide the Democratic coalition until they are 100 percent in the image of the progressive caucus.'
Progressives, for their part, called WelcomeFest a 'convention of corporate ghouls' that represents 'a massive step backwards for a Democratic Party that just lost working-class voters at a historic level,' said Usamah Andrabi, Justice Democrats communications director.
'Everyday people are not interested in elitist, technocratic, piecemeal solutions to the massive crises they're facing. They just rejected that exact Democratic Party in November,' Andrabi said. 'Voters want to see a Democratic Party that unites the working class against the handful of billionaires and corporations robbing them blind.'
Andrabi also noted that Justice Democrats focus on safe Democratic House primaries, not competitive seats.
Liam Kerr, a co-founder of Welcome PAC, which launched in 2022, said now that the 'leftist fever dreams died down,' they're growing a movement with 'a sense of, 'We need to think differently, we need to do things differently.'"
"It's attracting a lot of people who are kind of a full generation behind the last wave of centrist Democratic entrepreneurs,' Kerr added.
Data analyst Lakshya Jain kicked off the opening presentation by arguing that Janelle Stelson, a Democrat who challenged Rep. Scott Perry (R-Pa.), was a better performing candidate than Rep. Alexandria Ocasio-Cortez (D-N.Y.) in 2024.
'This seems like a really controversial idea on Twitter, but I suggest that the Democratic Party take lessons on how to win elections and how to win voters from people who have won more votes than most other Democrats,' Jain said to applause. 'If we run candidates that D.C. finds appealing, we're probably going to lose. There's an inverse correlation between what you guys all find appealing and what the median voter finds appealing.'
And like any other Democratic event in 2025, WelcomeFest was interrupted by protesters, who shouted at Torres during his interview. They were played off by the producers of the event, who blasted Carly Simon's 'You're So Vain.'
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USA Today
19 minutes ago
- USA Today
Gabbard yells 'Russia hoax' to distract MAGA from Epstein for Trump. It won't last.
Say what you want about AI, but powerful artificial intelligence in the hands of a 79-year-old man with zero emotional intelligence makes for ugly outcomes. Tulsi Gabbard was on the outs – literally and figuratively – with President Donald Trump last month after contradicting him about Iran's nuclear program, which he was about to bomb. Gabbard, Trump's Director of National Intelligence, was shut out of planning meetings about Iran and pushed to the intelligence sidelines for asserting that Iran had not been trying to build a nuclear weapon. "I don't care what she said," Trump replied when asked about Gabbard back then. She needed a way back inside Trump's bubble. The president's new "Epstein files" scandal offered an opportunity. Trump has stumbled badly with his loyal base and MAGA influencers by demanding that they just move on from a favorite conspiracy theory: that Jeffrey Epstein was murdered in 2019 to prevent disclosure of his "client list" of famous, powerful, wealthy people he had blackmailed. Epstein, you must know by now, was a former Trump cruising buddy and convicted pedophile who died by suicide in federal prison in 2019 while awaiting trial on sex trafficking charges filed during Trump's first term. Trump has long relied on distraction tactics when his supporters get antsy, like a weary parent shaking car keys in a baby's face to stop the crying. But that wasn't working this time. MAGA was in a meltdown. The base was not buying Trump's new pitch: that the Epstein files they so desperately want to see were a Democratic "hoax." So Gabbard dug deep into the classics of Trump's "hoax" claims, declaring on July 18 that President Barack Obama's top advisors had somehow concocted the notion that Russia had attempted to interfere in the 2016 presidential election, which Trump won while defeating Hillary Clinton. Tulsi Gabbard caters to Trump by suggesting Obama is a criminal Gabbard issued a July 18 memo claiming to have new evidence of an "Obama Administration conspiracy to subvert" Trump's 2016 win. She pushed it in a post on X, announcing that she was sending information to the Department of Justice for "criminal referral." And she played it up for the weekend morning anchors at Fox News, because, of course. Trump grabbed all that like a drowning man grabs a life preserver. He spent the weekend frenzy-posting on his website, Truth Social, promoting Gabbard's Fox News hit, posting memes of Obama and other prominent Democrats in a jail cell and in prison uniforms. The president of the United States of America even shared a video made with artificial intelligence of Obama being handcuffed in the Oval Office. Say what you want about AI, but powerful artificial intelligence in the hands of a 79-year-old man with zero emotional intelligence makes for ugly outcomes. 'Stupid Republicans': Trump mocks GOP allies for seeking Epstein files release | Opinion Trump and Gabbard won't let facts get in the way of their fresh lies The lit sparkler Gabbard passed off as a bombshell focuses on the discussion within the intelligence community at the end of Obama's second term about whether Russia had used cyberattacks on election infrastructure. She's claiming Obama's team "manufactured" intelligence to hobble Trump's impending presidency after he won. There's a hole in that theory. First, the Obama administration said shortly after the 2016 presidential election that hackers had not tampered with the election results. Marc Elias, who then was general counsel for the Clinton campaign, wrote at the time that they had "not uncovered any actionable evidence of hacking" in the election. Opinion: Trump is unpopular, polls show, and he's building an America most Americans hate Trump's tantrums about this have never been focused just on cyberattacks or hacking. He has long insisted that any claim that "Russia, Russia, Russia" wanted him to win in 2016 was a "hoax." Here's another problem with that. The U.S. Senate Select Committee on Intelligence, in an August 2020 report issued as Trump was running for re-election, said it "found irrefutable evidence of Russian meddling" in the election, including "an aggressive, multi-faceted effort to influence, or attempt to influence, the outcome." Those words came from the archived statement by Marco Rubio, who at the time was a Republican senator from Florida and acting chairman of the Intelligence Committee, and now serves as Trump's secretary of State. He and Gabbard are, in theory, on the same team. You know who else is on that team? CIA Director John Ratcliffe, who earlier this month released a review of his agency's 2016 assessment that Russia tried to interfere with the 2016 election. That review offered some criticism for how the assessment was reached, but didn't challenge its veracity. Gabbard is hoping that Americans will be distracted U.S. Sen. Mark Warner of Virginia, the ranking Democrat on the Intelligence Committee, put out that 966-page 2020 report about Russia with Rubio and still holds that post today. The report's title: "Russian Active Measures Campaigns and Interference in the 2016 Election." Warner, in a July 18 statement, said, "It seems DNI Gabbard is unaware" that the committee found that Russia "used social media to conduct an information warfare campaign in order to benefit Donald Trump." He also noted, "This conclusion was supported on a unanimous basis by every single Democrat and Republican on the committee." Gabbard is dredging back up Russian interference because American voters just don't buy what Trump has tried to sell them about the Epstein files that his administration is still keeping secret, after he promised during last year's campaign to make them public. She appears to have won back his favor, for now. But this distraction is just so shaky, like those keys dangled in a baby's face, that it won't hold America's gaze for long. Follow USA TODAY columnist Chris Brennan on X, formerly known as Twitter: @ByChrisBrennan. Sign up for his weekly newsletter, Translating Politics, here.
Business Insider
20 minutes ago
- Business Insider
The metamorphosis of Shaun Maguire
Shaun Maguire wanted New York City voters to know about the dangers ahead. On July 4, the general partner at the industry-leading Sequoia Capital posted on X that Democratic mayoral candidate Zohran Mamdani was a secret "Islamist" who "comes from a culture of lying." Mamdani, he added, "has basically advocated for the destruction of America." The comments were not unusual for Maguire, a self-described moderate former Hillary Clinton voter who has become a full-throated MAGA convert, defender of Israel, and one of the most provocative right-wing political commentators among an increasingly right-leaning group of venture capitalists and founders. This time, though, the social-media dam broke, bringing a flood of critical comments from startup founders and tech workers. Hundreds of Muslim founders signed an open letter asking that Sequoia apologize and discipline Maguire. At the Allen & Co. Sun Valley conference, the annual " summer camp for billionaires" in Idaho, Sequoia's managing partner Roelof Botha was hounded with questions about Maguire, The New York Times reported. Several other people I spoke to — including Maguire's friends, colleagues, and executives from a Sequoia limited partner and a Sequoia portfolio company — wondered what might happen to tech's new leading controversialist. More broadly, the ongoing fury over Maguire's posts reflects a tech industry riven by subterranean faultlines over Israel and whether venture capitalists should be funding companies involved in what a UN Special Committee and several other international organizations have deemed a genocide in Gaza. Those disagreements, which have been tamped down by some Muslim tech workers' fear of losing their jobs or funding, are now exploding into the open. Osman "Ozzie" Osman, the founder of financial planning app Monarch Money, wrote on X that Sequoia Capital was "OK with racism and Islamophobia." "It just feels asymmetric," Osman wrote to me in a message. "People who feel unhappy about the devastation in Gaza are scared to speak up," he said. "Meanwhile, someone like Shaun can repeatedly make bigoted statements like this one with no ramifications." He added, "I'm just surprised Sequoia tolerates these sorts of statements." Powerful industry figures like Elon Musk, Joe Lonsdale, and Keith Rabois, meanwhile, came to Maguire's defense. "Shaun Maguire is brave," wrote Josh Wolfe, a cofounder of Luxe Capital. Hundreds of technologists signed an open letter of support that called Maguire a "principled thinker and a partner to countless founders who span geographies, faiths, and political beliefs." Maguire, who has taunted his critics and journalists on X, forwarded a request for an interview to Sequoia's communications team, which did not respond to requests for comment. "I don't think it's harmed his deal flow," a venture capitalist who's worked with Maguire told me. "In many cases it's probably been helpful, especially in this whole category of American resilience tech." And Maguire keeps posting. Two days after he called Mamdani an Islamist, he shared a 28-minute video to X in which he apologized to any Muslims who were offended, and then proceeded to lay out a case for why he was right. "I think Zohran Mamdani is a wolf in sheep's clothing," he said. He explained that he had done a huge amount of research on Islamism and the Iranian revolution, visited mosques in 30 countries, and fasted for Ramadan. He said that he was kidnapped by a Muslim man in Hyderabad, India. "I have gone to extreme lengths to understand this conflict," Maguire said. "I don't think it's harmed his deal flow. In many cases it's probably been helpful, especially in this whole category of American resilience tech." For Maguire, who worked on a DARPA (Defense Advance Research Projects Agency) program as a civilian contractor in Afghanistan, the conflict is between radical Islam and the West — a rhetorical throwback to the Bush-era war on terror, this time with tech startups churning out drones and surveillance systems. "I am personally very worried about what's happening in the West," he said in the video. "I really do believe that we have pretty major sleeper cell infiltration." Taking the viewer through a series of tabs in his web browser, Maguire dove into the background of Mahmood Mamdani, Zohran's father, a professor of anthropology at Columbia University. Maguire unspooled a string of epithets — not all of them negative — to describe the relatively obscure academic: He was a member of an "ideological sleeper cell," "a mastermind," "a genius," and "one of the architects of the anti-Israel movement in America." Maguire seemed to think that his son, the Democratic mayoral nominee, was at best an unwitting accomplice to the sort of political Islam that swept through Iran in the 1979 revolution. Maguire's wife's family, who is Jewish, fled revolutionary Iran. He closed by asking for advice. "If someone has a suggestion about how to criticize Islamists and call out the risk and danger of Islamism in the West without lumping in Muslims more broadly, I would really like the feedback." On X, the video was received with more condemnation from a growing chorus of critics and cheers from pro-MAGA tech accounts. "Never back down," he wrote to one booster. Maguire, who is 39, has described himself as growing up fascinated by computers but indifferent to schoos. He found his academic stride at the University of Southern California and Stanford, before enrolling in a Ph.D. program at Caltech, where he studied quantum physics, participated in student government, and explored startup ideas with peers. Friends from the time recall him as "pragmatic," with a sense of quantitative rigor, interested in where the facts would take him. He did not come across as very political — a centrist, perhaps. He was a good communicator, able to explain scientific and technical concepts to a lay audience, and he was driven. Maguire lived about 30 miles from the Caltech campus, and once in a while he would commute on foot, running the distance, a former colleague recalled. Maguire finished 22nd in the 2011 Marine Corps marathon, and he ran another marathon in the sweltering heat at Burning Man. In 2011, Maguire put his Ph.D. on hold to become a civilian employee for DARPA in Afghanistan. He was recruited, he told an interviewer for a Caltech history project, by DARPA's director Regina Dugan, a Caltech alumnus. As part of DARPA's Memex program, an initiative to collect and make search tools for data beyond the surface web, Maguire's group mapped internet-connected devices to form a picture of what was connected to a military network and what was but shouldn't be. Maguire has spoken proudly about his work in Afghanistan, posting pictures of himself riding in a military helicopter and telling Blackwater founder Erik Prince on X that he trained at one of his facilities. In a 45-minute video he released in response to a New York Times article last week, Maguire said that he was once woken up by the pressure wave from a deadly suicide bombing. He said that he was "one of about 50 people" who was getting "real-time translations" from the library of intelligence Seal Team 6 gathered from raiding Bin Laden's compound. "At no point did I ever hear anything like this back then," said someone who knew him in Afghanistan when told about Maguire's comments on Mamdani. This person asked not to be named, citing their ongoing relationship. "He seemed like a very reasonable, empathetic, competent scientist who embraced travel and being in foreign cultures." The former colleague described Maguire as having a sense of mission and being concerned about national security issues without seeming ideological. Afghanistan was another stop on the backpacker's adventure. Eventually, Maguire and some of his DARPA colleagues, including Tim Junio, a CIA analyst-turned-CEO, spun out a startup called Qadium, which worked with government and industry clients like Goldman Sachs to secure their systems. Peter Thiel's Founders Fund was an early backer. Qadium later rebranded itself as Expanse and was sold to cybersecurity giant Palo Alto Networks for about $1 billion in 2020. A VC who worked with Maguire and Qadium described him in admiring terms. "Shaun is somebody who just knows things," the VC said, saying that Maguire had an impressive depth of technical knowledge, with a sense for where business opportunities might lie. "Shaun's a smart person who thinks several steps ahead." Maguire, now rich, returned to Caltech to finish his Ph.D. and got a job with Google Ventures, or GV. He did well there, investing in Stripe, IonQ, and OpenDoor, but he wasn't promoted to general partner. Years later, Maguire claimed that he was denied a promotion because he was a white man. He attributed the decision to Google's leadership — a product of the supposed woke excesses that have triggered a reactionary tilt in some tech elites, from Musk on down. (A Google spokesperson told the New York Post at the time that Maguire's account was "completely untrue.") Maguire was prompted to share the story on X in 2024 after Google's Gemini AI generated images of America's founding fathers as black men. In 2019, Maguire jumped ship for tech's most storied VC firm, Sequoia Capital, with a recommendation from Stripe cofounder Patrick Collison. (After I posted on X that I was writing about Maguire, Collison sent me a direct message asking for a galley of my forthcoming book. He did not respond when I requested an interview and asked whether he helped Maguire get the Sequoia job.) "Back in 2016 I had drunk the media Kool-Aid and was scared out of my mind about Trump," Maguire wrote in a May 2024 post endorsing Trump. At Sequoia, where he has the general partner position denied to him at GV, Maguire has become known for investing in Musk's companies, including the Twitter acquisition, The Boring Company, xAI, and SpaceX. On X, Maguire and Musk are chummy, sharing each other's posts and offering supportive emojis, especially when Western civilization is at stake. In a recent video, Maguire said that his paper returns for Sequoia were approaching $10 billion. "His status at the firm is predicated on his relationship with Elon. He's an Elon guy," said a vice president at one of Sequoia's limited partners. "He's made incredible returns on SpaceX and some of the other Elon-backed companies." Paul Biggar, a tech entrepreneur and the founder of Tech for Palestine, an incubator for activist groups involved with the open letter, has sparred with Maguire. "You may not know this... but I've been watching you 👀," Maguire recently wrote on X. Biggar called the message a threat and demanded that Sequoia investigate. Biggar thinks that Maguire's connection with Musk is overrated. "Sequoia doesn't need a racist partner to talk to Elon Musk," Biggar told me. Headed by Botha, PayPal's former CFO, Sequoia has no official political alignment; prominent partners like Doug Leone and Michael Moritz have been major donors to the Republican and Democratic parties, respectively. "We're proud of the fact that we've enabled many of our partners to express their respective individual views along the way, and given them that freedom," Botha said at a conference last year. Sequoia seems to have kept a hands-off approach regarding Maguire's rising notoriety, and there may be little risk in doing so. "Given the way this progressed, and because Sequoia didn't shut this down super early, I don't think they could do anything about it at this point, even if they wanted to," said the VC who knows Maguire. "He's delivered good returns for Sequoia. Just because he has strong political views doesn't mean he's not meriting of a role as a partner there." Maguire is not alone in his views. Very much in line with a rising ethos in the VC and founder class, he holds himself out as a warrior on behalf of the American ideal, a patriot investing in the country and helping defend it from its enemies. The VC firm Andreessen Horowitz calls it American Dynamism. It's the same proudly jingoistic attitude seen in industry eminences like Palantir CEO Alex Karp and Anduril CEO Palmer Luckey. It's why Founders Fund is getting into the action-movie business. "Western Civilization is approaching the Event Horizon," Maguire recently wrote on X. "If we don't max thrust our boosters in the other direction we're not gonna make it." He wasn't always like this. People who knew him pointed to his GV experience and Hamas' attack on Israel on October 7 as milestones on his journey toward the inner circle of tech's new right-wing elite. Maguire has also written at length about his own political transformation. "Back in 2016 I had drunk the media Kool-Aid and was scared out of my mind about Trump," Maguire wrote in a May 2024 post endorsing Trump. "As such I donated to Hilary Clinton's campaign and voted for her." Maguire said that he didn't vote in 2020 and that he turned against the Biden administration after its withdrawal of US forces from Afghanistan was accompanied by deadly bombings and the collapse of the US-installed government. After October 7, Maguire thought that the Biden administration was responding with weakness, especially toward Iran. "If you start looking, it's hard to see anything other than Iranian foreign influence in the Biden administration," Maguire wrote. By now Maguire's posts often came laden with MAGA shibboleths about the corrupt legacy media, anti-Trump lawfare, and woke politics. He touted a $300,000 donation he made to a pro-Donald Trump PAC last year. After Trump's election in November, he advised the president-elect on intelligence appointments. Maguire also began talking more publicly about his Judaism — he added the last name Cohn after getting married in 2018 — and his support for Zionism. (One colleague said that he had no idea Maguire was Jewish until he arrived at his wedding in Israel.) He became a leading tech voice agitating on behalf of Israeli war aims. After October 7, Sequoia opened an office in Israel, and Maguire traveled there regularly, leading investments in cybersecurity and military firms. Maguire helped lead a $10 million seed round in Kela, a defense tech company founded by what he and his colleagues called "technowarriors" from elite Israeli military units. Kela produces sensors and AI systems that have been deployed in Gaza — its website touts that its technology is "battle tested" — and reflects the increased interest from American VCs in Israeli startups closely tied to the country's ongoing war with Hamas and its occupation of the West Bank. "We at Sequoia had independently formed a thesis around Israeli defense tech," Maguire and two colleagues wrote in an article on Sequoia's website. "In the long term, the ambition is to convert Israel into a defense tech hub for Western militaries — a source of strategic advantage for NATO and the US as they seek to deter their adversaries." This thesis sits uncomfortably for some who don't share Maguire's politics. The last two years have been "extremely painful and just demoralizing," said Hosam Arab, the Palestinian founder of fintech startup Tabby, who signed the open letter to Sequoia management. He said that the tech industry has essentially proscribed pro-Palestinian activism while broadly supporting Israel. "You see what's happening on the ground and you just don't get the support," he said, speaking about the predicament for startup founders working in the US. "And you're worried about speaking out." (Tabby, which is based in the Middle East, has received investment capital from Sequoia India, which has since become independent of Sequoia Capital.) People aren't defending just Maguire, said an executive at a Sequoia portfolio company. "They're defending the privatization of western defense." Several Muslim and South Asian tech executives I talked to worried that they could be fired for posting pro-Palestinian messages on social media. They described a culture of fear in which they believe only the most successful — founders — could speak out without experiencing major blowback. One of them was Amjad Masad, CEO of billion-dollar AI coding startup Replit, who recently talked about Gaza during an appearance on Joe Rogan's show. On X, Maguire wrote that Masad, whose father is Palestinian, had lied to Rogan's vast audience about a massacre of Palestinians at an aid site. Masad shot back that Maguire's comment was "a slanderous lie," based on a misleading screenshot. Khosla Ventures partner Keith Rabois, who has compared Masad to a Nazi, later joined the digital melee, calling Masad a Hamas supporter. Khosla Ventures is an investor in Masad's company. "If you think I'm Hamas supporter why don't you do something about it. Or are you a coward?" wrote Masad. (Masad did not respond to a request for comment.) Among its investments, Sequoia has participated in two funding rounds for nsave, which provides digital banking services to people from "distressed economies," especially in the Middle East. The company was started by two Rhodes scholars from Syria and Gaza. Nsave's Palestinian cofounder Abdullah AbuHashem didn't respond to a request for comment. While Sequoia can likely weather the media storm, Muslim tech workers, including at Sequoia portfolio companies, are beginning to organize alongside like-minded allies. "We're producing groups that advocate for Palestine in some part of the ecosystem," said Biggar, likening Tech for Palestine to a Y Combinator for activist groups. Maguire's volubility has struck some observers as out of character with a VC class that once was expected to be quantitative, measured, profit-seeking — and politically agnostic. "I genuinely thought he was a shit poster," said an executive at a Sequoia portfolio company, who learned about Maguire through his X posts. "I had no idea he was an investor until very recently. I could not believe it. I thought this had to be a podcaster of some sort." The executive, who is an Indian Hindu, said that there was a certain broad acceptance that firms like Sequoia would do business in Israel. The issue, he argued, is that a general partner at Sequoia "visibly entering the end-of-days culture wars as a pundit" indicates that Sequoia might not just be following the money. "He actually is saying out loud what is coalescing into a real capital structure." The sectors Maguire invested in — cyber, space, crypto, defense tech — are part of "this new military-industrial complex which Sequoia is very much in the middle of." People aren't defending just Maguire, the executive said. "They're defending the privatization of western defense. They are defending the privatization of global citizens data in the form of Palantir and the massive ICE budget. That's what this debate is obscuring." With more than $85 billion in assets under management, Sequoia's decisions carry great industry weight, but the firm can afford to take its time. The VP from one of Sequoia's LPs told me that while some of Sequoia's backers might disagree with the company's policies, it's hard to exert influence. As the tech industry's leading VC, Sequoia had its pick of relationships, and potential LPs were eager to give the firm its money. "The Sequoia relationship is one where they have all the power." Maguire continues to post daily about the supposed dangerous, secret Islamism of Zohran Mamdani — and his father. "I have been fighting Islamist radicals for well more than a decade," Maguire said in his recent 45-minute response to the Times' article. "I have seen true evil up close and personal. I have been trained in identifying evil and terrorists. With Zohran Mamdani's father, Mahmood Mamdani, the evidence is extremely clear." If anything, Maguire seems unbowed, emboldened by the attention afforded to him. "Btw this me at 1% throttle," he wrote after the 4th of July furor. "i wish i could show u the unconstrained version." Jacob Silverman is the author of "Terms of Service: Social Media and the Price of Constant Connection" and co-author of "Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud," which was a New York Times Bestseller. His next book, "Gilded Rage: Elon Musk and the Radicalization of Silicon Valley," will be published by Bloomsbury in October.
Bloomberg
20 minutes ago
- Bloomberg
Why ‘Anti-Coercion' Tool Is the EU's Trade Weapon of Last Resort
By and Alberto Nardelli Save The European Union has a powerful tool to wield in trade disputes that it hopes it will never need to use. As President Donald Trump ramps up pressure on the bloc with a threat to impose a blanket import tariff of 30% on European goods, some member states are floating the possibility of invoking the 'anti-coercion instrument.'
