Author

admin

Browsing

Erika Kirk welcomed rapper Nicki Minaj as the surprise guest for a Q&A at Turning Point USA’s AmericaFest on Sunday.

The ‘Beez in the Trap’ singer previously teamed up with the Trump White House, speaking at the United Nations in November to raise awareness about persecution against Christians in Nigeria. Rumors had grown that Minaj would make an appearance at AmericaFest, but it was not confirmed until she went on stage Sunday.

‘I’m honored to be here. I’m honored to be here,’ Minaj said after Kirk welcomed her to the stage.

She went on to praise both President Donald Trump and Vice President JD Vance, saying they are politicians who have an ‘uncanny’ ability to relate to the American people.

‘I love both of them,’ she said of the two leaders.

Despite previously supporting Democrats like Barack Obama and Hillary Clinton, Minaj has increasingly shown support for Trump lately.

On Nov. 1, Minaj posted a screenshot of a Trump Truth Social post where he said, ‘Christianity is facing an existential threat in Nigeria.’

She wrote, ‘Reading this made me feel a deep sense of gratitude. We live in a country where we can freely worship God. No group should ever be persecuted for practicing their religion.’

Minaj continued, ‘We don’t have to share the same beliefs in order for us to respect each other. Numerous countries all around the world are being affected by this horror & it’s dangerous to pretend we don’t notice.’

She thanked the ‘President & his team for taking this seriously. God bless every persecuted Christian. Let’s remember to lift them up in prayer.’

She has also repeatedly attacked California Gov. Gavin Newsom over his stance on transgender children.

Kirk has stepped in as the chairwoman and CEO of Turning Point USA since the murder of her husband, late Turning Point USA CEO Charlie Kirk, in September.

Kirk spoke at the conservative AmFest on Thursday, telling the crowd, ‘Here’s what I’ve learned the most in these last three months is that my husband, he deeply mattered on a multitude of levels, so much so that it proved even more once he was assassinated, how much of a peacemaker he was and how much of a coalition builder he was.’

She added that both her husband and she would choose fight mode over flight in any situation. 

‘You don’t retreat,’ she said. ‘Charlie would go wherever he needed to go, and I’m the same exact way … And you’ll learn that about me the more you get to know me. I know I’m new here, I’m new here, but you’ll learn.’

This post appeared first on FOX NEWS

While it is true that Erika Kirk is head of one of the nation’s leading conservative groups, at one point this weekend at Turning Point USA’s AmericaFest, she made it clear that she holds an even more important title: mother.

After two days of infighting at the conference between some of its top stars, Kirk smiled on stage Friday night and said, ‘Well, say what you want about AmFest, but it’s definitely not boring. Feels like a Thanksgiving dinner where your family’s hashing out the family business.’

Ben Shapiro denounces Tucker Carlson at AmericaFest 2025

This is the best and most positive way to look at the squabbling in Phoenix between Ben Shapiro, Tucker Carlson, Megyn Kelly and other right-wing celebrities. It has been mostly over Israel, and it was a sideshow few attendees expected or particularly wanted.

Brent, in his 50s and from Oklahoma City, came to AmFest with his two sons.

‘I was in there the night Ben and Tucker went at each other, at one point, I told my wife, I’m going out for some air, I just felt like I needed to escape to the real world, you know?’ he told me over a smoke.

I did know. 

Along with sniping over Israel and antisemitism, the question of what a ‘heritage American’ is, or if it is a thing at all, also spurred division. Ohio gubernatorial candidate Vivek Ramaswamy told the crowd, ‘I think the idea of a heritage American is about as loony as anything the woke left has actually put up,’ adding ‘There is no American who is more American than somebody else.… It is binary. Either you’re an American or you’re not.’

This would have been Civics 101, even for conservatives, not long ago, but Ramaswamy is right to mention wokeness, because proponents of the concept that a genealogy that leads back to nation’s founding is something special is mainly driven by such people being told for decades now that it is actually the only lineage that is not special, or something to be proud of.

I asked Dennis, who is the fourth-generation owner of a farm in South Dakota, which sounds pretty heritage-y to me, what he made of it all.

‘I don’t think much about that,’ he said. ‘If you love the country and follow the laws, you can be an American.’

Dennis was much more interested in, and comfortable talking about soybeans and sugar beets. I asked how the tariffs were affecting him, and he told me, ‘It’s hurt, but I look at the big picture and I think it will be good in the long run.’

It was tempting after speaking, not just with Dennis, but with many attendees, old and young, who are most focused on prices, to think, ‘It’s the economy, stupid, knock it off with the identity politics stuff.’ But Erika Kirk made a good point: These might be fights the right needs to have before settling into next year’s midterm elections.

TPUSA spokesman Andrew Kolvet posted on X with this very message.

‘If we force conformity without uncomfortable debates, there can be no winning consensus,’ he wrote. ‘There’s no civil war. This is the necessary work of a conservative coalition defining its dominant center ahead of the coming battles. We’re not hive-minded commies. Let it play out.’

It should also be noted how much better hashing all of this out at an actual live event is than endless sniping on social media where nobody is ever really forced to contend with ideas they oppose. The mere act of shaking hands with someone you disagree with can be a powerful calming influence.

On Sunday, the big finale of AmFest will be Vice President JD Vance’s speech to the assembled. As of 4 a.m., there was already a line for it.

Sarah, a college freshman told me, ‘I wasn’t old enough to vote for Trump, but I will get to vote for Vance, and I’m excited about that.’ This is good news for Vance, but it’s also a lot of pressure. Can he be the force that mends the wounds opening this weekend at AmFest? 

Erika Kirk is right, families sometimes fight. In fact, sometimes they have to. But the question is always what happens after the blowup, after the tears and recriminations?

Rep. Anna Paulina Luna, R-Fla., told the crowd this weekend, ‘You may not like Tucker Carlson, Ben Shapiro, Steve Bannon or me. Guess what: If the radical left wins, we all hang together.’

This seems correct, and even after AmFest’s nasty internecine fighting, it is still a goal well within reach of TPUSA and the conservative movement. It is also almost certainly what Charlie Kirk would have wanted.

This post appeared first on FOX NEWS

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    US stocks advanced this week amid key economic data releases, with tech leading gains after Micron Technology’s (NASDAQ:MU) results release and easing artificial intelligence (AI) sector pressures.

    The S&P 500 (INDEXSP:.INX) rose 0.02 percent on the week, closing Friday (December 19) at 6,834.5.

    However, tech stock losses earlier in the week kept gains in check. The Nasdaq Composite (INDEXNASDAQ:.IXIC) lost 0.1 percent for the week to close at 23,307.62 on Friday.

    3 tech stocks moving markets this week

    1. Micron Technology (NASDAQ:MU)

    Micron Technology reported earnings for its first fiscal quarter of 2026 on Thursday (December 18), showing strong results driven by surging high-bandwidth memory sales for AI data centers

    Revenue reached US$13.64 billion, up 93 percent from last year and higher than the company’s September revenue projection of US$12.8 billion. Adjusted earnings per share were US$4.78, beating estimates of US$3.95. The company generated strong free cashflow and declared a US$0.115 per share dividend payable on January 14, 2026.

    Looking ahead, Micron adjusted its profit guidance for the upcoming quarter to US$8.42 per share, higher than Wall Street’s US$4.78 consensus, due to continued AI boom momentum.

    Investors responded to the results by sending Micron shares up 10 percent post-earnings. Momentum carried into Friday’s trading session, spilling over into other tech stocks, which have come under pressure in recent weeks over lofty valuations and funding concerns. The company ended the week 0.58 percent higher.

    2. Trump Media & Technology Group (NASDAQ:DJT)

    Trump Media & Technology Group rose nearly 30 percent before Thursday’s opening bell after the company announced plans to merge with fusion power company TAE Technologies.

    The all-stock deal is reportedly valued at more than US$6 billion. Devin Nunes, chair and chief executive of Trump Media, and Dr. Michl Binderbauer, CEO and director at TAE, are set to serve as co-CEOs.

    TAE is a private company with backing from Alphabet (NASDAQ:GOOGL) and other companies. The merger is slated to create one of the first publicly traded nuclear fusion companies. “We’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations,“ Nunes said.

    Shares of Trump Media closed the week with a gain of 39.53 percent.

    3. Oracle (NYSE:ORCL)

    Oracle shares dropped 5.4 percent on Wednesday (December 17) after a Financial Times report claimed data center investor Blue Owl Capital pulled out of a US$10 billion financing round for one of the AI data centers Oracle is constructing for OpenAI in Michigan. Talks reportedly stalled due to concerns over project delays, tougher debt terms, Oracle’s rising debt load and lease arrangements, per sources cited by the news outlet.

    Oracle disputed the report’s implications, stating that Michigan negotiations are “on schedule” without Blue Owl.

    The company said its project development partner, Related Digital, has chosen “the best equity partner from a competitive group of options, which in this instance was not Blue Owl.” Still, the company finished the week with its share price ahead by 2.18 percent as tech stocks staged an end-of-year comeback.

    Oracle, Micron Technology and Trump Media performance, December 15 to 19, 2025.

    Oracle, Micron Technology and Trump Media performance, December 15 to 19, 2025.

    Chart via Google Finance.

    Top tech news of the week

                Tech ETF performance

                Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

                This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 0.94 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a loss of 0.66 percent.

                The VanEck Semiconductor ETF (NASDAQ:SMH) also decreased by 0.61 percent.

                Tech news to watch next week

                Markets will be closed mid-week next week, with low trading volumes likely keeping movement calm.

                Watch for year-end selling in tech stocks, a potential rotation into safer sectors and light data like factory orders and home sales reports. Any comments on future interest rates could move markets somehwat, but expect mostly flat trading unless big news like policy changes breaks through.

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

                This post appeared first on investingnews.com

                The silver price was on the rise once again this week — it surged past the US$67 per ounce level on Friday (December 19), hitting a new record before pulling back.

                As for gold, it spent much of the period around the US$4,330 per ounce level, although it rose as high as US$4,360 on Thursday (December 18), approaching its own all-time high.

                Investors were eyeing November US consumer price index (CPI) data, which came out on Thursday. It was up 2.7 percent year-on-year, while core CPI was measured at 2.6 percent.

                Those figures were quite a bit lower than analysts’ estimates, and data collection issues caused by the US government shutdown have left market participants questioning the results.

                Notably, Bureau of Labor Statistics officials had to make ‘certain methodological assumptions’ because the October CPI report was canceled entirely. The bureau also started November data collection later than usual, driving concerns about a rebound in numbers for December.

                US jobs data for both October and November came out this week as well, showing that the unemployment rate for last month rose to 4.6 percent, the highest since 2021.

                While 64,000 jobs were added in November, 105,000 were lost in October, and revisions took 33,000 jobs away from the months of August and September.

                Outside US economic data, it’s worth noting that for silver there’s still a lot of focus on behind-the-scenes actions that could be impacting the price.

                Here’s what Substack newsletter writer John Rubino had to say about that:

                ‘A lot of the discontinuities that we’re seeing in the silver market right now are due to the fact that the big exchanges like Comex may not have enough silver to satisfy the demands of futures contract holders.

                ‘In other words, there are a lot more people out there with long futures contracts that could come in and demand silver than there is silver to satisfy that demand. And the number of people who are standing for delivery on futures contracts is rising, and the amount of silver in these exchanges is shrinking.’

                Bullet briefing — Platinum beats gold, copper hits new record

                Platinum price on the move

                I’d be remiss if I didn’t also take a moment to mention platinum.

                While gold and silver have been making headlines, platinum’s 2025 rise has been quiet, but significant — it’s up over 100 percent year-to-date and nearly hit US$1,980 per ounce this week.

                Platinum is somewhat similar to silver in that they both have precious and industrial sides, and they’ve both seen persistent deficits in recent years.

                Platinum’s deficit has definitely helped it rise this year, but looking forward to next year the World Platinum Investment Council is expecting a balanced market. When I saw that, I wondered if that would mean lower prices in 2026. But that may not necessarily be the case.

                Edward Sterck said there are a couple of nuances in the council’s outlook — for example, it’s anticipating profit taking from exchange-traded funds, but if that doesn’t happen, then the platinum deficit may persist. He also noted that balance in 2026 wouldn’t erase years of deficits:

                ‘A balanced market doesn’t solve for the fact we’ve had three years of deficits. It doesn’t in any way, I suppose, rebuild aboveground stocks. And it’s the shortage of aboveground stocks that seems to be one of the major catalysts behind this price action and behind the market tightness.’

                Copper price hits new high

                It’s not only precious metals that have been hitting new highs this year.

                The price of copper has been climbing as well, hitting a new all-time high of close to US$12,000 per metric ton last week on the London Metal Exchange.

                It’s pulled back slightly since then, but market watchers agree the copper outlook remains strong as rising demand meets constrained supply. In fact, I’ve been asking experts what they think the top-performing asset of next year will be, and copper has been a popular pick.

                Lobo Tiggre of IndependentSpeculator.com chose the base metal as his highest-confidence trade of 2025, and he said he’s sticking with it next year.

                Here’s what he had to say about copper:

                ‘Top pick for 2026 is copper. Similar reasons to 2025 —the copper price has been kicked around, up and down by what I think of as sort of extraneous issues. But the fundamentals mean the demand scenario just looks phenomenal, and the supply has been really constrained.’

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

                This post appeared first on investingnews.com

                FBI Director Kash Patel said Saturday the agency is ramping up its use of artificial intelligence (AI) tools to counter domestic and international threats.

                In a post on X, Patel said the FBI has been advancing its technology, calling AI a ‘key component’ of its strategy to respond to threats and stay ‘ahead of the game.’

                ‘FBI has been working on key technology advances to keep us ahead of the game and respond to an always changing threat environment both domestically and on the world stage,’ Patel wrote. ‘Artificial intelligence is a key component of this.

                ‘We’ve been working on an AI project to assist our investigators and analysts in the national security space — staying ahead of bad actors and adversaries who seek to do us harm.’

                Patel added that FBI leadership has established a ‘technology working group’ led by outgoing Deputy Director Dan Bongino to ensure the agency’s tools ‘evolve with the mission.’

                ‘These are investments that will pay dividends for America’s national security for decades to come,’ Patel said.

                A spokesperson for the FBI told Fox News Digital it had nothing further to add beyond Patel’s X post.

                The FBI uses AI for tools such as vehicle recognition, voice-language identification, speech-to-text analysis and video analytics, according to the agency’s website.

                Earlier this week, Bongino announced he would leave the bureau in January after speculation rose about his departure.

                ‘I will be leaving my position with the FBI in January,’ Bongino wrote in an X post Wednesday. ‘I want to thank President [Donald] Trump, AG [Pam] Bondi, and Director Patel for the opportunity to serve with purpose. Most importantly, I want to thank you, my fellow Americans, for the privilege to serve you. God bless America, and all those who defend Her.’

                This post appeared first on FOX NEWS

                A woman whose concerns about Jeffrey Epstein were brushed off by the FBI three decades ago was vindicated Friday after the Department of Justice finally made her complaint public.

                Maria Farmer’s complaint was buried in the thousands of files related to Epstein’s and Ghislaine Maxwell’s sex trafficking cases that the DOJ published as part of its obligations under the Epstein Files Transparency Act.

                The document was dated Sept. 3, 1996, more than 10 years before Epstein first faced prosecution for sex crimes involving girls. In it, Farmer accused Epstein of stealing and selling photos of her young sisters. Farmer worked as an artist for Epstein and has long been outspoken about what she said was his abusive behavior.

                Farmer has said the photos of her sisters cited in the 1996 complaint included nudity, and the complaint is labeled as a possible ‘child pornography’ case.

                Names on the complaint were redacted, but The New York Times confirmed with Farmer that she was the one who filed it. Farmer told the outlet she felt ‘vindicated.’ 

                ‘I’ve waited 30 years. … I can’t believe it. They can’t call me a liar anymore,’ she said.

                The complaint noted that Farmer was a professional artist whose work included the images of her then 12- and 16-year-old sisters.

                ‘Epstein stole the photos and negatives and is believed to have sold the pictures to potential buyers,’ the complaint stated. ‘Epstein at one time requested [redacted] to take pictures of young girls at swimming pools. Epstein is now threatening [redacted] that if she tells anyone about the photos he will burn her house down.’

                Farmer and her sister Annie brought separate lawsuits in 2019 alleging Epstein and Maxwell sexually assaulted them, but the suits were dropped as part of a settlement involving accepting compensation from Epstein’s estate.

                Farmer also sued the DOJ in July, alleging the Clinton administration FBI ‘chose to do absolutely nothing’ with her complaint in 1996, and that in the years since, Epstein was able to victimize more women. Farmer said she also complained again to the FBI in 2006 during the Bush administration.

                Farmer’s complaint was among the tens of thousands of documents related to Epstein and Maxwell that the DOJ released on Friday, the transparency bill’s deadline. Other accusers, such as Marina Lacerda, have spoken out about their dissatisfaction with the file release, observing that it was incomplete and contained heavy redactions. The department has said more files are coming within the next two weeks.

                This post appeared first on FOX NEWS

                President Trump is rightfully angry that some of his top choices for U.S. attorneys in Democrat-controlled states are being blocked by Democrats and their leftist allies in the judicial branch. But the recent attacks from some supporters of the president against Sen. Chuck Grassley, Trump’s most effective ally in the Senate, are misplaced.

                To start, remember who Grassley is. He’s a dignified statesman but also a shrewd legislator, fearless investigator and Senate workhorse. He doesn’t chase the limelight but quietly puts one win after the other on the scoreboard for Trump and his MAGA agenda.

                This isn’t bluster. Trump appointed three Supreme Court justices, and two were carried squarely on the shoulders of Grassley, who chairs the Senate Judiciary Committee. He stopped former President Barack Obama from filling a Supreme Court seat with Merrick Garland, Joe Biden’s anti-Trump lawfare-supporting AG, enabling Trump to install Justice Neil Gorsuch instead. And when Democrats tried to ruin Justice Brett Kavanaugh’s life and derail his nomination, it was Grassley’s steady hand that guided Kavanaugh through the partisan spectacle, shut down the lies and got him confirmed.

                Grassley’s done more than anybody in Congress to expose partisan lawfare against Trump. It’s thanks to Grassley that we know of the existence of Arctic Frost, Jack Smith and the Biden FBI’s demented campaign to put Trump behind bars and make any Republican that so much as breathed a subject of a criminal investigation. 

                Whistleblowers at the FBI knew they could only trust one man to bring these damning details to light: Chuck Grassley. Now we know the Biden Justice Department and complicit judges spied on Republican members of both the House and the Senate and sought records for hundreds of other MAGA patriots, many of whom are a part of Trump’s administration today, like Dan Scavino, Peter Navarro and Harmeet Dhillon, who Grassley led to confirmation as Judiciary Committee chairman.

                In fact, Grassley is literally breaking his own records when it comes to Senate confirmations. He’s processing and confirming judges at a rate faster than in Trump’s first administration, when Grassley was also Judiciary chairman. He navigated the vicious onslaught to confirm Judge Emil Bove, flipping the 3rd Circuit to majority Republican appointees. He bulldozed opposition and confirmed Attorney General Pam Bondi, FBI Director Kash Patel and other Justice Department leaders. 

                He’s also processing U.S. attorneys through his committee faster than Democrats did during the Biden administration. And he’s doing it all while leading the charge against judicial activism and unconstitutional universal injunctions. And the billions of dollars the administration received in Trump’s One Big Beautiful Bill to secure our border and lock up dangerous criminals? Those border security provisions were written by none other than — you guessed it — Chuck Grassley.

                We’re on pace to see the same number of attorney confirmations by year’s end as in Biden’s first year. But a few of his top choices — friends of mine and fellow warriors like Alina Habba and Lindsey Halligan— have been stopped by Democrats using a century-old ‘blue slip’ rule.

                Sideline commentators and keyboard warriors seem to think Grassley could just bang his chairman’s gavel and make the blue slip go away. But is Grassley, the man who’s done so much for Trump, really sandbagging these nominees? The answer, for those who care to actually do their homework, is no.

                The blue slip should go, but Grassley can’t just make it happen alone. He needs votes to advance nominees, and he doesn’t have them without blue slips. Months ago, Sen. Thom Tillis, R-N.C., stated unequivocally on the Senate floor he wouldn’t confirm nominees without one. Sen. John Kennedy, R-La., echoed this. That ends the conversation. Without the vote of either of these two members of the Judiciary Committee, nominees fail, regardless of Grassley’s actions.

                And Tillis and Kennedy are hardly alone. Senators, both Republican and Democrat, won’t soon give up this power. All 100 senators prioritize having a say in who gets to be a judge or prosecutor in their state over letting the president decide who serves in other states. That’s why Democrat Dick Durbin couldn’t get rid of the blue slip when he chaired the Judiciary Committee during the Biden administration, even though progressive activists and their media allies begged him to do it.

                Senators also won’t get rid of the blue slip because they know it benefits them when they’re in the minority. Republicans used the blue slip to block Biden from appointing nearly 30 district judges, and, so far, Trump has nominated 15 bold constitutionalist judges to fill the seats that Republicans held open.

                I don’t like blue slips, but I live in the real world. I can count votes, and I know blue slips aren’t going away. As the Senate Judiciary Committee’s chief counsel for nominations, working for Grassley in Trump’s first term, I helped end blue slips for circuit judges because their jurisdictions cover multiple states and therefore their fates obviously shouldn’t be determined by a single state’s senators. That was a major achievement, but the limit of what was possible for now.

                Democrats will stop at nothing to evade accountability, and Trump shouldn’t let them. His administration should use every tactic to overcome obstruction and pursue lawfare perpetrators. He’s right to want the blue slip’s end. But the Senate simply won’t deliver it this Congress as the votes don’t exist, and the president’s public outrage unfortunately hasn’t moved the needle yet.

                As I’ve said before, to abolish the blue slip, the administration must build support by securing commitments from at least 50 Republican senators, including every Senate Judiciary Republican, to vote for nominees without blue slips. Grassley wants Trump’s nominees to succeed and knows the votes currently aren’t there for nominees who don’t have blue slips. Trump should trust his most effective Senate ally’s judgment. Grassley is a workhorse, not a showhorse. And Grassley has delivered more for Trump than any other senator.

                This post appeared first on FOX NEWS

                Preparations for the second phase of the Gaza ceasefire plan are underway, according to U.S. special envoy Steve Witkoff. The announcement comes after representatives from Egypt, Qatar and Turkey participated in high-level U.S.-led talks in Miami.

                ‘In our discussions regarding phase two, we emphasized enabling a governing body in Gaza under a unified Gazan authority to protect civilians and maintain public order,’ Witkoff wrote on X. ‘We also discussed regional integration measures, including trade facilitation, infrastructure development, and cooperation on energy, water, and other shared resources, as essential to Gaza’s recovery, regional stability, and long-term prosperity.

                ‘We reviewed next steps in the phased implementation of the Comprehensive Peace Plan for Gaza, underscoring the importance of sequencing, coordination, and effective monitoring in partnership with local Gazan institutions and international partners.’

                In addition to looking forward to the next phase, the group reflected on the implementation of the first part of the ceasefire, which Witkoff said ‘yielded progress.’

                During the first phase, humanitarian aid went into the Gaza Strip, hostilities were reduced and there was a partial withdrawal of Israeli forces. Additionally, all living hostages and most deceased hostages were released. The last remaining hostage is Ran Gvili, an Israeli police officer killed during the Oct. 7, 2023, attacks.

                The U.S.-led talks on the second phase of the plan were proceeded by a similar meeting in Cairo, which reportedly included Turkey and Egypt’s intelligence chiefs, as well as Qatar’s prime minister.

                ‘During the meeting, [they] also agreed to continue strengthening coordination and cooperation with the Civil Military Coordination Center to eliminate all obstacles to ensure the continuity of the ceasefire and to prevent further violations,’ a Turkish source told Reuters, adding that they also discussed countering alleged Israeli ceasefire violations.

                The second phase of the deal involves the deployment of an international stabilization force and the development of an international body to govern Gaza. It also includes the disarmament of Hamas. Additionally, Israel will move further from the so-called ‘yellow line’ ahead of the international force taking over, according to The Times of Israel.

                This post appeared first on FOX NEWS

                Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion.

                Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl Binderbauer.

                Shares of Trump Media & Technology, the parent company of President Donald Trump’s Truth Social media platform, have tumbled 70% this year but jumped 20% before the opening bell Thursday.

                TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies.

                “We’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations,” Nunes said in a prepared statement.

                TAE focuses on nuclear fusion, a technology that combines two light atomic nuclei to form a single heavier one. It releases enormous amount of energy, a process that occurs on the sun and other stars, according to the United Nation’s International Atomic Energy Agency.

                TAE and Trump Media shareholders will each own approximately 50% of the combined company.

                The companies say the transaction values each TAE common stock at $53.89 per share.

                At closing, Trump Media & Technology Group will be the holding company for Truth Social and TAE, along with its subsidiaries TAE Power Solutions and TAE Life Sciences.

                This post appeared first on NBC NEWS

                A bipartisan Obamacare fix remains out of reach in the Senate, for now, and lawmakers can’t agree on who is at fault. 

                While many agree that the forthcoming healthcare cliff will cause financial pain, the partisan divide quickly devolved into pointing the finger across the aisle at who owns the looming healthcare premium spikes that Americans who use the healthcare exchange will face. 

                Part of the finger-pointing has yielded another surprising agreement: Lawmakers don’t see the fast-approaching expiration of the Biden-era enhanced Obamacare subsidies as Congress failing to act in time.

                ‘Obviously, it’s not a failure of Congress to act,’ Sen. Chris Murphy, D-Conn., told Fox News Digital. ‘It’s a failure of Republicans to act. Democrats are united and wanting to expand subsidies. Republicans want premium increases to go up.’

                Senate Republicans and Democrats both tried, and failed, to advance their own partisan plans to replace or extend the subsidies earlier this month. And since then, no action has been taken to deal with the fast-approaching issue, guaranteeing that the subsidies will lapse at the end of the year.

                A report published last month by Kaiser Family Foundation, a nonprofit healthcare think tank, found that Americans who use the credits will see an average increase of 114% in their premium costs.

                The increase can vary depending on how high above the poverty level a person is. The original premium subsidies set a cap at 400% above the poverty level, while the enhanced subsidies, which were passed during the COVID-19 pandemic, torched the cap.

                For example, a person 60 years or older making 401% of the poverty level, or about $62,000 per year, would on average see their premium prices double. That number can skyrocket depending on the state. Wyoming clocks in at the highest spike at 421%.

                In Murphy’s home state of Connecticut, premiums under the same parameters would hike in price by 316%.

                ‘When these do lapse, people are going to die,’ Murphy said. ‘I mean, I was talking to a couple a few months ago who have two parents, both with chronic, potentially life-threatening illnesses, and they will only be able to afford insurance for one of them. So they’re talking about which parent is going to survive to raise their three kids. The stakes are life and death.’

                Both sides hold opposing views on the solution. Senate Republicans argue that the credits effectively subsidize insurance companies, not patients, by funneling money directly to them, and that the program is rife with fraud.

                Senate Democrats want to extend the subsidies as they are, and are willing to negotiate fixes down the line. But for the GOP, they want to see some immediate reforms, like income caps, anti-fraud measures and more stringent anti-abortion language tied to the subsidies.

                Sen. Rick Scott, R-Fla., who produced his own healthcare plan that would convert subsidies into health savings accounts (HSAs), argued that congressional Democrats ‘set this up to expire.’

                But he doesn’t share the view that the subsidies’ expected expiration is a life-or-death situation.

                ‘I’m not taxing somebody who makes 20 bucks an hour to pay for healthcare for somebody who makes half a million dollars a year, that’s what they did,’ he told Fox News Digital. ‘All they did was mask the increase in healthcare costs. That’s all they did with it.’

                Sen. Jim Banks, R-Ind., similarly scoffed at the notion, and told Fox News Digital, ‘The Democrat plan to extend COVID-era Obamacare subsidies might help less than half a percent of the American population.’

                ‘The Republican plan brings down healthcare costs for 100% of Americans,’ he said. ‘More competition, expands health savings accounts. That needs to be the focus.’

                Democrats are also not hiding their disdain for the partisan divide between their approaches to healthcare.

                Sen. Brian Schatz, D-Hawaii, told Fox News Digital that the idea that this ‘is a congressional failure and not a Republican policy is preposterous.’

                ‘They’ve hated the Affordable Care Act since its inception and tried to repeal it at every possible opportunity,’ he said, referring to Obamacare. ‘The president hates ACA, speaker hates ACA, majority leader hates ACA, rank-and-file hate ACA. And so this is not some failure of bipartisanship.’

                While the partisan rancor runs deep on the matter of Obamacare, there are Republicans and Democrats working together to build a new plan. Still, it wouldn’t deal with the rapidly approaching Dec. 31 deadline to extend the subsidies.

                Senate Majority Leader John Thune, R-S.D., predicted that the Senate would have a long road to travel before a bipartisan plan came together in the new year, but he didn’t rule it out.

                ‘It’s the Christmas season. It would take a Christmas miracle to execute on actually getting something done there,’ he said. ‘But, you know, I think there’s a potential path, but it’ll be heavy lift.’

                This post appeared first on FOX NEWS