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Israel has 40% control of Gaza City as the Israel Defense Forces are now preparing to seize the entire area, an Israeli military spokesperson confirmed Thursday. 

Brig. Gen. Effie Defrin told reporters at a news briefing that his forces had already secured large neighborhoods in its latest offensive.

‘We continue to damage Hamas’ infrastructure,’ he said before adding: ‘Today we hold 40% of the territory of Gaza City.’

‘We will continue to operate until all the war’s objectives are achieved. First and foremost, the return of the hostages and the dismantling of Hamas’ rule,’ he added.

Last week, Israel declared Gaza City in the north a combat zone, with some districts designated red zones, urging Palestinians to leave.

Senior officials warned that military rule may be imposed and Palestinians were told to evacuate to the south, with some of Prime Minister Benjamin Netanyahu’s coalition partners pushing for a permanent Israeli settlement in Gaza.

Meanwhile, Gaza health officials said at least 53 Palestinians were killed Thursday, most in Gaza City, as Israeli forces pressed deeper into eastern suburbs.

Residents reported heavy bombardments in Zeitoun, Sabra, Tuffah and Shejaia while tanks advanced into Sheikh Radwan, northwest of the city center, crushing homes and setting fires in encampments.

Mahmoud Bassal, spokesperson for Gaza’s civil emergency service, said the bombardment destroyed four buildings in what he described as a ‘fire belt’ targeting civilians.

‘Even if Israel issues warnings, there are no places that can accommodate the people,’ he said.

On the evacuations, Israeli officials say 70,000 people have fled Gaza City so far, though Palestinian authorities contend far fewer have left, with tens of thousands still in the path of advancing forces.

Israel launched its major Gaza City offensive on Aug. 10 under ‘Operation Gideon’s Chariots,’ deploying tens of thousands of reservists to fight together with its regular troops.

There are still 48 hostages believed to be held in Gaza.

Netanyahu initially said Israel would conquer all of Gaza after indirect talks with Hamas on a ceasefire and hostage release deal broke down in July.

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COLUMBUS, Ga. — During a trip to Fort Benning on Thursday, Defense Secretary Pete Hegseth said the department is working on re-establishing deterrence, ‘so that when the enemy sees an American, they don’t want to f— with us.’

The comments came after Hegseth spoke at an Officer Candidate School (OCS) graduation ceremony, where candidates were commissioned as second lieutenants in the Army or ensigns in the Navy.

Following the ceremony, he made remarks at the Infantry Basic Officer Leader Course luncheon — sharing stories about his children wanting Army Ranger shirts, and noting the proudest moment of his life would be saluting them if they earned it.

Hegseth also touched on military priorities under the Trump administration, noting the Department of Defense’s focus is rebuilding the military to ensure it has the best possible equipment from the warfighter perspective, across all services. 

‘And then reestablishing deterrence, so that when the enemy sees an American, they don’t want to f— with us,’ Hegseth said. ‘Because they know they’ll get the business end of the best warrior on the planet. We’re reestablishing that. Whether it’s midnight hammer, or freedom of navigation, or narco-traffickers that are poisoning the American people.’

He said the world knows that when President Donald Trump speaks, he means business, adding that the graduates are the faces of that deterrence. 

‘It’s you that we remember, and we think of, when we make decisions,’ Hegseth said. ‘It’s the job of policymakers and leaders in our positions to look down and say, ‘We’ve asked you to do tough things, we’re going to have your back when you do it.’ We’re going untie your hands and make sure you can unleash hell in Yemen. Absolute violence of action. 

‘We’re going to push decision-making authority down to you, the platoon level, the company level, the battalion unit level, as much as possible.’

During the trip, the secretary also teased that the Defense Department may have a new name on Friday, which Fox News Digital’s Diana Stancy and Emma Colton were first to confirm.

Trump will sign an executive order allowing the department to use the ‘Department of War’ as a secondary title, along with phrases like ‘secretary of war’ for Hegseth.

The order also directs Hegseth to propose legislative and executive actions to make the name change permanent.

Fox News Digital’s Diana Stancy and Emma Colton contributed to this report.

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The Trump administration asked the Supreme Court on Thursday to allow the president to fire a member of the Federal Trade Commission, after lower courts ruled he lacks the authority to remove members of independent agencies without cause.

President Donald Trump moved to fire Rebecca Slaughter earlier this year, but lower courts ruled she could keep her job because the law only allows commissioners to be removed for issues such as misconduct or neglect of duty.

Earlier this week, an appeals court said Trump unlawfully fired Slaughter and that her firing was squarely at odds with Supreme Court precedent.

The Justice Department contends that the FTC and other executive branch agencies are under Trump’s control and that the president has the power to remove commissioners without cause.

The testing of the president’s removal power could lead the nation’s highest court to consider overturning a 1935 Supreme Court decision known as Humphrey’s Executor, in which justices unanimously ruled that presidents cannot fire independent board members without cause.

The ruling brought in an era of powerful independent federal agencies charged with regulating labor relations, employment discrimination, the airwaves and other matters.

That case also centered around the FTC, which was highlighted by lower-court judges in the lawsuit filed by Slaughter, who has been fired and rehired multiple times this year as the case worked its way through the courts.

The FTC is a regulator created by Congress that enforces consumer protection measures and antitrust legislation. The agency’s seats are typically made up of three members of the president’s party and two from the opposing party.

Slaughter was first appointed by Trump in 2018, and then later reappointed by former President Joe Biden. She is the only remaining Democrat on the FTC.

The high court has already allowed the removal of several other board members from independent agencies. 

The justices have also suggested that Trump’s removal powers have limitations at the Federal Reserve, which could soon be tested as well in the case of Lisa Cook, a member of the Federal Reserve Board of Governors.

The Associated Press contributed to this report.

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Senate Democrats found unlikely allies in Senate Republicans during a fiery hearing, where Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. was grilled for his stance on vaccines.

Kennedy’s testimony before the Senate Finance Committee on Thursday was billed as a discussion on President Donald Trump’s healthcare agenda, but it quickly turned into a tongue-lashing from lawmakers, who accused the secretary of lying to the panel about how he would operate the HHS and Centers for Disease Control and Prevention (CDC).

While a barrage of heated exchanges between Kennedy and Democrats were expected, it was heat from Senate Republicans on the panel, including a pair of doctors turned legislators, who stood out.

‘I support vaccines. I’m a doctor. Vaccines work,’ Senate Majority Whip John Barrasso, R-Wyo., said. ‘Secretary Kennedy, in your confirmation hearings, you promised to uphold the highest standards for vaccines. Since then, I have grown deeply concerned.’

‘The public has seen measles outbreaks, leadership at the National Institutes of Health questioning the use of mRNA vaccines, the recently confirmed director of Center for Disease Control and Prevention fired,’ he continued. ‘Americans don’t know who to rely on.’  

When asked what he would do to ensure that vaccine guidance was clear, Kennedy said, ‘We’re going to make it clear, evidence-based and trustworthy for the first time in history.’

The hearing came on the heels of a week of turmoil at the CDC, where Kennedy fired former CDC Director Susan Monarez, which led to several senior officials resigning from the agency. Before that, the secretary had cleaned out the federal government’s vaccine recommendation panel and handpicked his own members to serve, and he also moved to cancel $500 million in mRNA vaccine contracts.

Sen. Bill Cassidy, R-La., also serves as the chair of the Senate’s health committee and was the decisive vote to confirm Kennedy. He argued that Kennedy’s actions on vaccines appeared to counter his support for Trump’s Operation Warp Speed, a sweeping executive program by the Trump administration at the onset of the COVID-19 pandemic that jump-started the production of vaccines.

He noted that both Trump and Kennedy have vowed ‘radical transparency’ when it came to the administration’s healthcare agenda, but countered that the secretary’s move to put new members on the Advisory Committee on Immunization Practices appeared to be a conflict of interest.

‘I am concerned though, because many of those that you have nominated for the [Advisory Committee on Immunization Practices] board… have received revenue as serving as expert witnesses as plaintiffs for attorneys suing vaccine makers,’ Cassidy said. ‘If we put people who are paid witnesses for people suing vaccines, that seems like a conflict of interest, real quickly do you agree with that?’

‘No I don’t,’ Kennedy said, arguing that while it may seem like a bias, it was not a conflict of interest.

Not every Republican doctor on the panel went after Kennedy. Sen. Roger Marshall, R-Kan., has long been an ally of the secretary’s and gave him room to address accusations that he was anti-vaccine.

‘Saying I’m anti-vaccine is like saying I’m anti-medicine,’ Kennedy said. ‘I’m pro-medicine, but I understand some medicines harm people, some of them have risks, some of them have benefits that outweigh those risks for certain populations, and that’s true with vaccines.’

Marshall agreed that he was not ‘anti-vax either,’ and he listed several vaccines that he believed were good but argued that it was the transparency and approach to vaccines under the HHS and CDC that he was after.

‘What I feel the difference is sometimes my friends across the aisle feel like there’s a one-size-fits-all, that they should be telling parents what to do,’ Marshall said. ‘And what you and I are fighting for is that we want to empower parents to make these decisions.’

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President Donald Trump has never played by the stale rules of Washington and Americans are grateful for it. His bold call for a 2026 pre-midterm convention is a political masterstroke that will cement America First policies, energize the Republican base, and ignite Generation Z voters. 

This convention is a seismic shift that sends a clear message to every politician: fight for the American people or step aside.

The GOP’s victories, from retaking the White House and strengthening congressional majorities to delivering real wins on border security, tax cuts, a stronger economy and energy independence, set the stage for Trump’s call for a pre-midterm national convention that breaks political tradition. 

While establishment Republicans cling to fundraising dinners, closed-door sessions and tired speeches that leave voters disengaged, Trump has mastered turning rallies into movements, from the electrifying 2016 campaign that flipped battleground states to the packed arenas of 2024 that reenergized the base. A pre-midterm convention would unite delegates from all 50 states to celebrate achievements, set a clear agenda and ignite voters. 

The contrast is clear. Conservative values of law and order through Trump’s National Guard blueprint to combat crime, economic freedom that fuels innovation, and family-first policies that honor tradition stand in sharp contrast to Democrat failures, including 9.1% inflation in 2022, open borders that allowed more than 11 million illegals, and foreign policy disasters that emboldened adversaries. 

By highlighting Republican successes like cutting gas prices through energy independence and appointing judges who defend constitutional rights, this convention would rebuke the Washington elite and prove Republicans deliver results while Democrats deliver excuses.

Unity is part of the strategy, but this is also a pivotal opportunity to mobilize Gen Z, the 68 million young Americans born between 1997 and 2012 who are increasingly open to conservative policies but need a reason to show up. A midterm convention can be that reason. 

Their frustration with the Left is clear: sky-high inflation, record crime and the relentless push of woke ideology. The 2025 Harvard Youth Poll found that 75% of young voters believe the country is headed in the wrong direction, with 62% citing a worsening economy under current policies and nearly half naming cost of living such as housing, food and gas as their top concern. A Yale Youth Poll revealed 35% now favor Republicans in the midterms, a notable increase from past cycles. 

Gen Z does not trust institutions and is disillusioned by political posturing. They crave authenticity while being bombarded by liberal propaganda in schools, on social media and from Hollywood. They see through empty promises of equity, knowing it means higher prices, fewer jobs and more division, with nearly 60% of Gen Z college graduates unemployed compared to just 25% of prior generations. 

President Trump understands this. A high-energy convention featuring conservative stars like Sen. Josh Hawley, R-Mo., and Rep. Anna Paulina Luna, R-Fla., along with influencers such as Charlie Kirk and Anthony Raimondi, known as Conservative Ant, can deliver messages tailored for TikTok and X. 

These voices can speak directly to Gen Z’s entrepreneurial spirit with policies that support small business tax cuts, energy independence to cut gas prices and unapologetic defenses of freedom. That spark could boost Gen Z turnout by 10% to 15% in the midterms, making them the GOP’s secret weapon. Failure to capture their energy risks apathy or a drift toward third parties.

This convention will energize the grassroots and unify the Republican Party. The GOP is already outpacing Democrats in record-breaking fundraising, but a unified front delivers more than dollars. It locks in a clear midterm agenda, quashes internal battles and promises a surge of support as Trump, Vice President JD Vance and other Republican stars deliver high-profile speeches that draw major contributions. 

By showcasing Republican successes in safety, job growth, lower gas prices and judicial appointments that protect constitutional rights, against Democrat failures like open borders and green energy disasters, the convention will mobilize voters. With the economy rebounding and Trump’s approval rising, it ensures Republicans avoid complacency and secure dominance.

A midterm convention also challenges GOP lawmakers to deliver results or leave Washington. Voters are demanding accountability, expecting politicians to prove their commitment to the America First agenda by securing the border, cutting red tape and prioritizing American workers, while elevating rising stars who represent the next wave of conservative leadership. This moment is an opportunity to purge establishment Republicans who align with elites and replace them with fighters for the American people, reshaping the future bench of Congress. 

Meanwhile, Democrats are leaderless and floundering in internal chaos and deeply unpopular policies. A 2025 CNN poll shows that while 72% of Democrats say they are motivated to vote, only 58% view their party favorably, compared to 76% for Republicans. Trump’s call for a midterm convention is another power move that highlights Democratic disarray, exposing their lack of leadership, failed policies and overall weakness.

Trump’s midterm convention is not just about exposing Democratic failure, it is about building the future of the movement and securing a foundation that lasts for generations. It is now or never for conservatives. 

A pre-midterm GOP convention led by Trump represents the next chapter in his revolution, timed to capture Gen Z’s openness to conservative ideas. By rallying young voters with authenticity and real solutions to their everyday struggles, amplifying momentum, and holding Republican leaders accountable, this convention can turn frustration into lasting America First policies. 

The GOP cannot afford to let woke politics or establishment complacency derail America’s future. Seizing this moment ensures 2026 delivers not just a victory but a generational turning point that will shape the direction of this country for decades to come.

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Shares in the Trump family’s latest cryptocurrency made its stock market debut Wednesday, triggering more ethical concerns as the Trumps look to cash in on crypto as the president’s administration weakens regulations for the nascent industry.

American Bitcoin, a firm co-founded this spring by Eric Trump, the president’s son, saw its share price climb as much as 39% by early afternoon to about $9.60.

It ended the day at $8.04, lower than its opening price of $9.22.

According to a release, the company is set up to accumulate bitcoin through computer “mining” of the cryptocurrency, as well as “opportunistic bitcoin purchases.” By owning a share of American Bitcoin, investors are betting that the company will be able to grow its bitcoin holdings faster than competitors. It also assumes bitcoin’s price will keep going up.

American Bitcoin’s stock debut is renewing ethics concerns about the Trump family’s ability to benefit from the president’s influence on the crypto industry, where it is increasingly seeing windfalls.

On Monday, the first public sales of a digital token minted by World Liberty Financial, a crypto firm co-founded by the Trump family, created as much as $5 billion in paper wealth for them and other insiders based on existing holdings. Last week, Trump Media and Technology Group, the parent company of President Donald Trump’s Truth Social platform, announced it had struck a deal with Crypto.com to accumulate Crypto.com’s native token Cronos, or CRO. Since the announcement, the value of CRO has climbed about 69%.

Shortly before 1 p.m, the value of Eric Trump’s American Bitcoin stake had climbed to as much as $600 million, according to calculations by Bloomberg News. Donald Trump Jr. also owns a stake, though its extent was not immediately clear. A representative for Trump Jr. did not respond to a request for comment.

“There’s no question there’s a conflict of interest here,” said Virginia Canter, chief counsel for ethics and anticorruption with the Democracy Defenders Action group, a bipartisan advocacy group that seeks to oppose authoritarianism. Canter served as a legal adviser in four different presidential administrations. Beyond having the ability to appoint regulators charged with overseeing the crypto industry, Trump can also create an uneven playing field for other crypto market participants who might believe they may pay a price for competing with his entities — or failing to engage with them, Canter said.

In a post on X last night, Sen. Elizabeth Warren, D-Mass., said of the start of American Bitcoin’s stock trading: “it’s corruption, plain and simple.”

A representative for the Trump Organization did not respond to a request for comment about the ethics concerns.

Estimates about how much President Trump and his family have earned from their crypto ventures vary. Reuters calculated that they made as much $500 million from the World Liberty decentralized finance platform, which debuted last year.

The figure is a moving target. In May, Zach Witkoff, a World Liberty co-founder and the son of White House Middle East envoy Steve Witkoff, announced that an Abu Dhabi-based firm had purchased $2 billion-worth of World Liberty’s stablecoin as part of an investment in the Binance crypto exchange. In July, Trump Media announced it had accumulated roughly $2 billion in bitcoin and related assets, accounting for about two-thirds of Trump Media’s total liquid assets. The Donald J. Trump Revocable Trust, a financial instrument Trump created in advance of returning to the Oval Office, owns 52% of Trump Media.

The group that created Trump’s memecoin, $TRUMP, earned $350 million from initial sales, the Financial Times reported in March, though its ownership structure and Trump family members’ direct stakes are unclear.

The White House has maintained that the president is not involved in the day-to-day affairs of Trump family businesses. Some ethics experts have argued that presidents are exempt from conflict-of-interest laws because they oversee too many areas to make enforcement practical.

In a statement, the White House blasted any insinuation of a conflict of interest.

“The media’s continued attempts to fabricate conflicts of interest are irresponsible and reinforce the public’s distrust in what they read,” White House press secretary Karoline Leavitt said. “Neither the President nor his family have ever engaged, or will ever engage, in conflicts of interest.” She said the administration “is fulfilling the President’s promise to make the United States the crypto capital of the world by driving innovation and economic opportunity for all Americans.”

At a conference last week, Eric Trump said the bitcoin community had embraced his father “unlike anything I had ever seen before.” Since then, the crypto industry has become one of the most influential players in politics: Its super PAC, Fairshake, was the largest-single donor group during the 2024 election and has already accumulated $140 million in advance of next year’s midterms, Politico reported.

The Trump brothers have announced a flurry of business moves since their father took office that parallel the president’s policies and agenda. Last month, they announced they would serve as advisers to New America, a firm that aims to buy businesses that “play a meaningful role in revitalizing domestic manufacturing, expanding innovation ecosystems, and strengthening critical supply chains.”

The brothers are receiving a combined 5 million shares in the company, which seeks to raise $300 million from investors in advance of going public.

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When Tim Cook gifted President Donald Trump a gold and glass plaque last month, the Apple CEO was hailed by Wall Street for his job managing the iPhone-maker’s relationship with the White House.

Cook, Wall Street commentators said, had largely navigated the threat of tariffs on Apple’s business successfully by offering Trump an additional $100 billion U.S. investment, a win the president could tout on American manufacturing. But despite the 24-carat trophy Cook handed Trump, the true costs of those tariffs may finally show up for Apple customers later this month.

“Thank you all, and thank you President Trump for putting American innovation and American jobs front and center,” Cook said at the event, which brought Apple’s total planned spend to $600 billion in the U.S. over the next five years. Trump, at the event, said that Apple would be exempt from forthcoming tariffs on chips that could double their price.

But as Apple prepares to announce new iPhones on Tuesday, some analysts are forecasting the company to raise prices on its devices even after all Cook has done to avoid the worst of the tariffs.

“A lot of the chatter is: Will the iPhone go up in price?” said CounterPoint research director Jeff Fieldhack.

Although smartphones haven’t seen significant price increases yet, other consumer products are seeing price increases driven by tariffs costs, including apparel, footwear, and coffee. And the tariffs have hit some electronics, notably video games — Sony, Microsoft and Nintendo, have raised console prices this year in the U.S.

Some Wall Street analysts are counting on Apple to follow. Jeffries analyst Edison Lee baked in a $50 price increase into his iPhone 17 average selling price projections in a note in July. He’s got a hold rating on Apple stock.

Goldman Sachs analysts say that the potential for price increases could increase the average selling price of Apple’s devices over time, and the company’s mix of phones have been skewing toward more expensive prices.

Analysts expect Apple to release four new iPhone models this month, which will likely be named the “iPhone 17” series. Last year, Apple released four iPhone 16 models: the base iPhone 16 for $829, the iPhone 16 Plus at $899, the iPhone 16 Pro at $999 and the iPhone 16 Pro Max at $1,199.

This year, many supply chain watchers expect Apple to replace the Plus model, which has lagged the rest of the lineup, with a new, slimmer device that trades extra cameras and features for a thinner, lighter body.

The “thinner, lighter form factor may drive some demand interest,” wrote Goldman analysts, but tradeoffs like battery life may make it hard to compete with Apple’s entry-level models.

Analysts have said they expect the slim device to cost about $899, similar to how much the iPhone 16 Plus costs, but they haven’t ruled out a price bump. That would still undercut Samsung’s thin Galaxy Edge, which debuted earlier this year at $1,099.

Apple did not respond to a request for comment.

When Trump announced sweeping tariffs on China and the rest of the world in February, it seemed like Apple was in the crosshairs.

Apple famously makes the majority of its iPhones and other products in China, and Trump was threatening to place tariffs that could double Apple’s costs or more. Some of Trump’s so-called “reciprocal” tariffs would hit countries like Vietnam and India where Apple had hedged its production bets.

But seven months later, Apple has weathered the tariffs better than many had imagined.

The U.S. government has paused the most draconian Chinese tariffs several times, smartphones got an exemption from tariffs and Cook in May told investors that the company was able to rearrange its supply chain to import iPhones to the U.S. from India, where tariffs are lower.

Cook also successfully leaned on his relationship with Trump, visiting him in White House and taking his side in August, when Cook presented the shiny keepsake to Trump. That commitment bolstered Trump’s push to bring more high-tech manufacturing to the U.S. In exchange, Trump said he would exempt Apple from a forthcoming semiconductor tariff, too. And Trump’s IEEPA tariffs were ruled illegal in late August, although they are still in effect.

Apple hasn’t completely missed the tariff consequences. Cook said the company spent $800 million on tariff costs in the June quarter, mainly due to the IEEPA-based tariffs on China. That was less than 4% of the company’s profit, but Apple warned it could spend $1.1 billion in the current quarter on tariff expenses.

After months of eating the tariff costs itself, Apple may finally pass those costs to consumers with this month’s launch of the iPhone 17 models.

Apple has been judicious about hardware price increases in the U.S. The smaller Pro phone, for example, hasn’t gotten a price increase since its debut in 2017, holding at $999. But Apple has made some price changes.

The company raised the price of its entry level phones from $699 to $829 in 2020. And in 2022 when Apple eliminated the smaller iPhone Mini that started at $699, the company replaced it with the bigger-screen Plus that costs $899. The Pro Max also got a hike in 2023 when Apple bumped it from $1,099 to its current price of $1,199.

If Apple does increase prices on its phones this year, don’t expect management to blame tariffs.

The average selling price of smartphones around the world is rising, according to IDC. The price of smartphone components, such as the camera module and chips, have been increasing in recent years.

Apple is much more likely to focus on highlighting its phones’ new features and quietly note the new price. Analysts expect the new iPhones to have larger screens, increased memory and new, faster chips for AI.

“No one’s going to come out and say it’s related to tariffs,” said IDC analyst Nabila Popal.

One way that Apple could subtly raise prices is by eliminating the entry-level version of its phones, forcing users to upgrade to get more storage at a higher starting price. Apple typically charges $100 to double the amount of the iPhone’s storage from 128GB to 256GB.

That’s what JPMorgan analysts expect Apple to announce next week.

They forecast that Apple will leave the prices of the entry level and high-end Pro Max models alone, but they wrote that they expect the company to eliminate the entry-level version of the Pro, meaning that users will have to pay $1,099 for an iPhone 17 Pro that has more starting-level storage than its predecessor. That’s how Apple raised the price of the entry-level Pro Max in 2023.

“However, with Apple’s recent announcements relative to investments in US, the assumption is that the company will largely be shielded from tariffs, driving expectations for limited pricing changes except for those associated with changes in the base storage configuration for the Pro model,” wrote JP Morgan analyst Samik Chatterjee.

When Cook was asked about potential Apple price increases on an earnings call in May, he said there was “nothing to announce.”

“I’ll just say that the operational team has done an incredible job around optimizing the supply chain and the inventory,” Cook said.

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David Ellison continues to put his stamp on Paramount after its acquisition by Skydance.

The CEO and chairman told employees Thursday that they will be expected to work in the office five days a week starting Jan. 5, 2026, according to a memo obtained by CNBC. Employees who do not wish to make the transition can seek a buyout starting Thursday and until Sept. 15.

“To achieve what we’ve set out to do — and to truly unlock Paramount’s full potential — we must make meaningful changes that position us for long-term success,” Ellison wrote to staffers. “These changes are about building a stronger, more connected, and agile organization that can deliver on our goals and compete at the highest level. We have a lot to accomplish and we’re moving fast. We need to all be rowing in the same direction. And especially when you’re dealing with a creative business like ours, that begins with being together in person.”

The move could help Paramount thin the herd ahead of looming staffing cuts.

Variety reported last month that the company is expected to lay off between 2,000 and 3,000 employees as part of its postmerger cost-cutting measures. These cuts are slated for early November, Variety reported.

Paramount is looking to take $2 billion in costs out of the conglomerate amid advertising losses and industrywide struggles with traditional cable networks.

Phase one of Ellison’s back-to-work plan will see employees in Los Angeles and New York returning to a full five-day workweek in the new year.

Phase two will focus on offices outside LA and New York, including international locations. A similar buyout program will be offered in 2026 for those who operate in these locations.

“We recognize this represents a significant change for many, and we’re committed to supporting you throughout this transition,” Ellison wrote. “We will work closely with managers to ensure you have the time and flexibility to make the necessary adjustments.”

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The world’s mining industry may be spread across over 150 countries, but new data reveals that almost half of all large-scale mining and processing facilities are concentrated in just three: China, Australia and the US.

That’s according to the International Council on Mining and Metals’ (ICMM) Global Mining Dataset report. Released on Wednesday (September 3), it is a sweeping compilation of 15,188 mines and processing plants.

According to ICMM, 45 percent of all mines, smelters, refineries and steel plants are clustered in China, Australia and the US — an uneven distribution that has key implications for supply chains and the pace of the clean energy transition.

“ICMM’s foundational Dataset shows that over 75 percent of national economies have at least some connection to large-scale mining or mineral processing,” said Rohitesh Dhawan, ICMM’s president and CEO.

“Having a global view of the location, type, commodity and footprint of these facilities is essential to inform the right public and policy debates for this critical sector. With minerals and metals at the heart of the energy transition and geopolitical shifts, robust, global, industry-wide data has never been more critical,’ he added in a press release.

The dataset identifies 12,876 mines, 1,980 standalone processing facilities and 332 co-located sites where extraction and processing happen together. As mentioned, while operations stretch across more than 150 countries, ICMM’s analysis shows that China in particular dominates the processing stage of the supply chain.

ICMM records 426 metallurgical facilities in China — by far the most worldwide — compared with 120 in the US, 87 in India and 65 in Brazil. That asymmetry between mining and refining presents a challenge facing local supply chains.

While resource deposits are scattered globally, the industrial capacity to convert ores into usable metals is more centralized and heavily tilted toward China. Europe, for instance, suffers from this vulnerability. Despite having strong demand from its automotive, aerospace and electronics industries, the continent’s mining base has shrunk.

What’s more, the dataset shows a greater density of metallurgical facilities in Europe compared with mines.

This imbalance is not limited to Europe. Across the globe, many economies have significant mineral deposits, but lack the facilities to process them. This structural gap cements the dominance of China, which has invested heavily in refining capacity and controls much of the midstream in critical minerals supply chains.

Coal remains dominant

Although the dataset highlights the role of critical minerals in the energy transition, it also shows that coal remains the single most common mined commodity by number of facilities. Coal accounts for a whopping 42 percent of all mines, followed by gold at 17 percent, copper at 12 percent and iron ore at 9 percent.

The prevalence of coal mines contrasts with global climate goals, but also reflects the legacy infrastructure of energy systems and the uneven pace of transition. Overall, Asia hosts the largest number of coal, copper and iron ore mines, while North and Central America contain the highest number of gold mines.

Playing the long game

ICMM stresses that the release of the dataset is the first step in a multi-year effort to improve transparency and support evidence-based policymaking in the resource sector. Alongside the full dataset, which draws on proprietary sources, ICMM has published a public version covering 8,508 facilities.

Dhawan said the council hopes the data will “continue to expand and improve through partnerships,” while building on key sustainability indicators in the coming months. More crucially, industry observers have long criticized the scarcity of comprehensive, public data on the sector. Without standardized information, they argue, it is difficult to evaluate the social and environmental impacts of mining or even craft effective regulations.

ICMM believes its initiative, though still limited by licensing restrictions on some proprietary datasets, represents one of the most ambitious attempts to date to assemble a global picture of the industry. The council said it will work with partners to expand the dataset and incorporate indicators on sustainability performance.

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

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