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In a move that has ignited a storm of opposition from Indigenous communities and environmental groups, Ontario’s Progressive Conservative government passed Bill 5 on Wednesday (June 4).

Formally titled the Protecting Ontario by Unleashing our Economy Act, the legislation grants the province unprecedented authority to override provincial and municipal laws in favor of economic development.

Specifically, Bill 5 allows the government to establish ‘special economic zones’ where environmental protections, labor regulations and other statutes can be suspended for projects led by ‘trusted proponents.’

Premier Doug Ford’s government argues that the bill is critical for expediting development in the mineral-rich Ring of Fire region and countering global economic threats, including US tariffs.

But the bill’s passage, by a vote of 71 to 44, has drawn fierce backlash from First Nations leaders who say they were not consulted, in violation of treaty rights enshrined in the Canadian constitution.

Speaking to reporters, Grand Chief Alvin Fiddler of the Nishnawbe Aski Nation, which represents 49 First Nations in Northern Ontario, warned that protests and blockades — reminiscent of the Idle No More movement — are likely.

‘I think after today we need to look at every option that is at our disposal, including legal, political, economic, everything – including taking direct action,’ he said, adding, ‘Everything is on the table.’

Ford was not present in the legislature for the vote, drawing condemnation from Indigenous leaders and opposition politicians. He reportedly missed the vote due to an overrun in an online meeting with a US congressman.

Ontario NDP Leader Marit Stiles stood alongside First Nations representatives to denounce the premier’s absence and vowed to continue resisting the legislation, which she predicted will end up in court.

Public gallery benches erupted during the vote with shouts of ‘Shame on you!’ and ‘Where’s the premier?’ Security escorted several individuals out, including one man who yelled, ‘Our land is not for sale!’

Opposition parties attempted to stall the bill with thousands of proposed amendments, but the Progressive Conservative majority pushed it through after using time allocation to cut short debate.

Legal experts warn that Bill 5 could significantly alter the legal and environmental landscape in Ontario. The legislation includes Henry VIII-style provisions — named after the 16th-century monarch notorious for consolidating executive power — which allow the provincial cabinet to override laws without legislative scrutiny.

Laura Bowman, a lawyer with Ecojustice, said, ‘This is not just undemocratic; it’s anti-democratic.’

Environmental advocates have also raised alarm about Bill 5’s implications for conservation. It rewrites Ontario’s endangered species law by giving the cabinet, not scientists, final authority on which species merit protection.

Additionally, it eases rules on preserving Indigenous archaeological sites.

The government has floated the possibility of Indigenous-led economic zones as part of the regulations it must still draft, but details remain scarce, and First Nations groups say the damage has already been done.

Ontario Regional Chief Abram Benedict, who previously met with Ford in a tense private session, said the discussions were necessary, but insufficient. “Our Chiefs have made it clear that they fully reject Bill 5, and the Chiefs of Ontario stand by and defend the position of the Chiefs,” Benedict maintained in a statement. “First Nations rights holders must be at the table, and the Government must fulfill its constitutional and treaty obligations.”

The Ring of Fire region, located in the James Bay lowlands, is at the center of the controversy.

While some First Nations near the area support road construction projects, others oppose the rush to mine in the region without thorough consultation and environmental safeguards. The Ford government has touted the area’s reserves of critical minerals — such as nickel and lithium — as essential for Ontario’s economic future.

While some industry stakeholders have cautiously welcomed provisions in Bill 5 that streamline mining approvals under a “one project, one process” regime, critics and civil liberties advocates say its rhetoric risks escalating tensions.

Among them is the Canadian Civil Liberties Association, which has condemned Bill 5 as a dangerous overreach that could hollow out legal safeguards without meaningful public oversight.

Legal scholars say the government’s interpretation of its duty to consult remains contested. While a 2018 Supreme Court ruling (Mikisew Cree) found that governments are not constitutionally required to consult Indigenous groups during the drafting of legislation, it emphasizes that such consultation is often politically and morally necessary.

Moreover, many Indigenous leaders say consultation is no longer enough. Invoking the United Nations Declaration on the Rights of Indigenous Peoples, they are calling for ‘free, prior and informed consent’ as the new standard.

In the coming weeks, the Ford government must draft the regulations that will define how Bill 5 is implemented. These rules, it insists, will be subject to consultation. But with Indigenous leaders threatening direct action and legal battles on the horizon, Ontario may be on the brink of a new phase in its fraught relationship with First Nations.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (June 6) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$104,245 as markets closed for the week, up 2 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$104,006 and a high of US$105,201.

Bitcoin price performance, June 6, 2025.

Bitcoin price performance, June 6, 2025.

Chart via TradingView.

After dipping below US$101,000 during the dispute between US President Donald Trump and Elon Musk, Bitcoin recovered to around US$105,000 early in the trading day, influenced by a strong US labor report.

Despite the rebound, analysts are wary due to technical indicators like a weakening relative strength index, suggesting potential downside. A possible rate cut from the US Federal Reserve on June 18 could push Bitcoin to US$112,000, but the outlook is uncertain. Order book data indicates a liquidity trap, and limited short interest points to a fragile recovery.

Additional selling pressure and investor distrust are contributing to shaky market sentiment.

Ethereum (ETH) finished the trading day at US$2,490.63, a 2 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$2,482.52 and saw a daily high of US$2,519.25.

Altcoin price update

  • Solana (SOL) closed at US$149.26, trading flat over 24 hours. SOL experienced a low of US$148.86 and reached a high of US$151.79 on Friday.
  • XRP is trading at US$2.17, reflecting a 1.6 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.16 and a high of US$2.18.
  • Sui (SUI) peaked at US$3.18, showing an increaseof 5.7 percent over the past 24 hours. Its lowest valuation on Friday was US$3.16, and its highest was US$3.19.
  • Cardano (ADA) is trading at US$0.663, up 2.8 percent over the past 24 hours. Its lowest price of the day was US$0.6604, and it reached a high of US$0.6693.

Today’s crypto news to know

Uber considers stablecoins for cost reduction

On stage at the San Francisco-based Bloomberg Tech Summit on Thursday (June 5), Uber Technologies (NYSE:UBER) CEO Dara Khosrowshahi said the company is “definitely going to take a look” at using stablecoins to help reduce the cost of moving money around the world.

“We’re still in the study phase, I’d say, but stablecoin is one of the, for me, more interesting instantiations of crypto that has a practical benefit other than crypto as a store of value,” he said. “Obviously, you can have your opinions on Bitcoin, but it’s a proven commodity, and you know, people have different opinions on where it’s going,” he added.

UK set to lift ban on retail access to crypto ETNs

The UK’s Financial Conduct Authority (FCA) has announced plans to lift its ban on retail investors buying crypto exchange-traded notes (ETNs), a major shift from its earlier risk-averse stance.

Initially barred due to concerns over volatility and investor protection, the FCA now says consumers should have the right to choose whether these high-risk assets fit their portfolios. David Geale, the FCA’s digital assets chief, said the move is part of a broader push to ‘rebalance’ the regulator’s approach to financial risk. The proposal, which would allow ETNs to be sold on FCA-registered investment exchanges, will now enter a public consultation phase.

This regulatory pivot follows the UK’s introduction of draft laws in April aimed at integrating crypto into the formal financial system. The FCA emphasized that its separate ban on crypto derivatives for retail traders will remain in place.

Switzerland adopts crypto information exchange bill

The government of Switzerland has adopted a bill to enable the automatic exchange of information (AEOI) on crypto with 74 partner countries, including the UK, all EU member states and most G20 countries.

The measure excludes the US, Saudi Arabia and China. The bill is currently under discussion in parliament and, if approved, the AEOI framework for crypto assets will take effect on Jan. 1, 2026.

Switzerland will only engage in AEOI with partner states that also desire information exchange with Switzerland.

Strategy to raise nearly US$1 billion to buy more Bitcoin

Strategy (NASDAQ:MSTR), the company known for its aggressive Bitcoin acquisition strategy, is launching a nearly US$1 billion capital raise through its new 10 percent Series A STRD preferred stock. The offering includes over 11 million shares and promises a high fixed yield, making it attractive to yield-hungry investors in a low-rate environment.

Unlike other Strategy offerings like STRK (convertible) and STRF (senior status), STRD offers the highest payout at 10 percent, but comes with more risk due to its non-cumulative dividend and junior status. Dividends are only issued when declared, and the shares cannot be called under normal market conditions.

Proceeds will go toward “general corporate purposes,” which notably include expanding its Bitcoin holdings.

Metaplanet plans US$5.3 billion warrant offering to scale Bitcoin treasury

Tokyo-based Metaplanet (OTCQX:MTPLF,TSE:3350) is taking its Bitcoin commitment to the next level with a massive US$5.3 billion stock warrant issuance, the largest of its kind in Japan.

The company is offering 555 million shares through stock acquisition rights, using a novel moving-strike pricing model that adjusts with market value — a first in the Japanese market.

This 555 Million Plan follows an earlier US$600 million raise and is part of Metaplanet’s goal to hold over 210,000 BTC by 2027, approximately 1 percent of total Bitcoin supply.

The vast majority of the proceeds — around 96 percent — will go toward direct Bitcoin purchases, while a small fraction will support debt management and derivative strategies like selling puts.

Maple Finance expands syrupUSD to Solana

Lending platform Maple Finance announced on Thursday that it has expanded user access by deploying its syrupUSD yield-bearing stablecoin to Solana-based platforms Kamino and Orca.

Previously, it had only been available on the Ethereum blockchain.

According to the announcement, Solana integration is launching with US$30 million in liquidity, which will establish “a deep and stable foundation for lending, trading, and collateral provisioning.’

This new system was made possible by using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which started operating on the Solana main network on May 19. CCIP lets different blockchain systems, specifically those using Ethereum Virtual Machine and Solana Virtual Machine technology, share information.

The ability to transfer data between these distinct blockchain environments is expected to significantly boost efficient and affordable growth within the digital ecosystem.

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

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

This post appeared first on investingnews.com

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A day after the White House held a farewell press conference for SpaceX and Tesla CEO Elon Musk to highlight his efforts as outgoing leader of the Department of Government Efficiency (DOGE), President Donald Trump suddenly pulled Musk ally Jared Isaacman as his pick for NASA administrator.

While the White House released a May 30 video chronicling Musk’s contributions to DOGE and several X posts thanking him and listing various ‘DOGE wins,’ the gestures were some of the last, final public actions of goodwill between Trump and Musk. 

On Saturday, Trump announced in a social media post he was pulling the nomination for Isaacman, a commercial astronaut and founder and CEO of payment processing company Shift4 Payments after ‘a thorough review of prior associations.’ 

Trump also said he would unveil a ‘new Nominee who will be Mission aligned, and put America First in Space.’ 

Isaacman’s affiliations with Musk include being an investor in SpaceX, in addition to leading two private spaceflight missions with SpaceX, including Inspiration4. The 2021 Inspiration4 mission was the first time an all-civilian crew orbited Earth. 

Isaacman addressed his pulled nomination in an episode of the ‘All-In Podcast,’ which is hosted by four venture capitalists and covers business, technology and society, that dropped Wednesday. Specifically, Isaacman said he received a call from the White House May 30 notifying him his nomination wouldn’t advance because the White House had ‘decided to go in a different direction.’ 

Isaacman said he suspected his ties to Musk were part of the decision, noting the call came the same day Musk’s tenure with DOGE concluded. 

‘I don’t need to play dumb on this,’ Isaacman said in the podcast. ‘I don’t think that the timing was much of a coincidence, that there were other changes going on the same day.

‘There were some people that had some axes to grind, I guess, and I was a good, visible target.’ 

Tensions between Musk and Trump continued to escalate after Musk’s departure as a special government employee May 30 and Isaacman’s withdrawn nomination the following day. 

Although Musk previously told CBS News in an interview clip released May 27 that he was disappointed by the House’s passage of Trump’s massive tax and spending package, the ‘big, beautiful bill,’ because it would increase the federal deficit, Musk’s attacks on the measure ramped up exponentially after Trump rescinded Isaacman’s nomination. 

Specifically, on Tuesday, Musk labeled the measure a ‘disgusting abomination’ and followed up by urging the American public to contact lawmakers to ‘KILL the BILL’ in an X post Wednesday.

White House press secretary Karoline Leavitt told reporters Tuesday that Trump was aware of Musk’s position on the bill and that it didn’t change the president’s stance on the measure. And Trump did not mince words Thursday as tensions between the two men reached a boiling point. 

Trump said Musk was irritated with provisions in the bill that would cut an electric vehicle tax credit that benefits companies like Tesla. He also suggested Musk may suffer from ‘Trump derangement syndrome,’ a term used to describe deeply negative reactions to the president. 

‘I’m very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here, better than you people,’ Trump said in the Oval Office during a meeting with German Chancellor Friedrich Merz. 

‘He knew everything about it. He had no problem with it. All of a sudden, he had a problem, and he only developed the problem when he found out that we’re going to have to cut the EV mandate because that’s billions and billions of dollars, and it really is unfair.’

Trump also specifically mentioned Isaacman’s nomination, claiming Musk recommended Isaacman for the role. But Trump voiced concern about Isaacman’s ties to the Democratic Party. 

‘He wanted and rightfully, you know, he recommended somebody that he, I guess, knew very well. I’m sure he respected him, but to run NASA,’ Trump told reporters Thursday. ‘And I didn’t think it was appropriate. And he happened to be a Democrat, like, totally Democrat. And I say, you know, look, we won. We get certain privileges. And one of the privileges is we don’t have to appoint a Democrat. NASA is very important.’

Trump then said he ‘understood’ why Musk was upset over the pulled nomination.

The White House directed Fox News Digital to Trump’s comments Thursday and Isaacman’s previous donations to Democrats, including Senate Minority Leader Chuck Schumer of New York. 

Isaacman told the ‘All-In Podcast’ he doesn’t think his past political donations to Democrats were a factor in his pulled nomination, and that he identifies as ‘right-leaning.’ 

Isaacman and Musk did not immediately respond to a request for comment from Fox News Digital. 

Trump and Musk continued to trade barbs Thursday. At one point, Musk urged the removal of the ‘disgusting pork’ included in Trump’s tax and spending bill. He also said it was ‘false’ that he was shown the measure ‘even once.’ 

Musk even went so far as to say Trump wouldn’t have won the 2024 election if it weren’t for Musk’s backing. Meanwhile, Trump accused Musk of going ‘CRAZY’ over cuts to the EV credits and said Musk was ‘wearing thin.’ 

Although Politico reported that Trump and Musk were slated to speak Friday over the phone, Trump shut down speculation of a call between the two. 

‘No. I won’t be speaking to him for a while I guess, but I wish him well,’ Trump said, according to CNN. 

 ‘I’m not even thinking about Elon. He’s got a problem. The poor guy’s got a problem,’ Trump said.

Despite Musk’s departure, White House officials have said DOGE’s efforts to address waste, fraud and abuse will continue, and Trump and cabinet members will oversee DOGE. The agency is expected to formally shut down July 4, 2026. 

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The U.S. Supreme Court on Friday ruled the Department of Government Efficiency could access Social Security information.

The ruling blocked a lower court order that kept DOGE from seeking certain sensitive Social Security information. 

The information from the U.S. Social Security Administration includes Social Security numbers, medical information, citizenship records and tax returns. 

Three liberal justices dissented. 

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The Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned some 35 individuals involved in laundering money for Iran on Friday as the administration seeks to make a deal with Iran over its nuclear weapons program.

A State Department spokesperson said in a statement that,’This network has laundered billions of dollars through Iranian exchange houses and foreign front companies to sustain Tehran’s campaigns of terror that undermine international peace and security and line the pockets of regime elites.’

Meanwhile, tensions with Iran continue, with the Associated Press reporting that Western powers are considering a resolution at the IAEA that would formally declare Tehran in non-compliance with its nuclear obligations.

Iranian Foreign Minister Abbas Araghchi called the move a ‘strategic mistake’ and accused the U.K., France, and Germany of choosing ‘malign action’ over diplomacy. ‘Mark my words as Europe ponders another major strategic mistake: Iran will react strongly against any violation of its rights,’ he wrote on X.

The draft resolution, expected to be introduced next week, would mark the first time in two decades that Western nations bring such a motion against Iran at the IAEA. 

As U.S. and Iranian negotiators engage in fragile talks, voices from within Iran reveal a grim paradox: while many citizens desperately seek relief from crushing economic hardship, they fear any deal may only tighten the Islamic Republic’s grip on power.

‘Right now, people in Iran do not have any hope for anything,’ said a female journalist in Tehran, who spoke anonymously out of fear for her safety. ‘The economy is collapsing. We sometimes don’t have electricity or water. The value of the rial is falling. Life is becoming unlivable.’

Like many Iranians, she believes an agreement could temporarily ease inflation and halt the country’s economic freefall. But she—and many others—fear the unintended consequences. ‘If the regime reaches a deal, it could become more powerful and more confident in suppressing people. That’s what frightens us the most,’ she said.

Under Supreme Leader Ayatollah Ali Khamenei, Iran has faced growing unrest at home, triggered by economic pain, political repression, and widespread mistrust. As negotiations proceed, Iranian citizens are watching closely—but not with optimism.

‘People in Iran are caught in a dilemma,’ said another Tehran resident, a man who also requested anonymity. ‘On one hand, they want the regime to fall. On the other, the economic burden is so heavy that any deal offering relief feels like a lifeline. But the truth is, even if a deal is signed, ordinary people won’t benefit. We’ve seen this before.’

He pointed to the 2015 Joint Comprehensive Plan of Action (JCPOA), the Obama-era nuclear agreement that promised economic benefits but, according to many Iranians, never delivered meaningful change for the public. ‘Only those connected to the regime gained anything,’ he said. ‘For the rest of us, life stayed the same.’

While Iranian leaders claim the nuclear program is peaceful, the U.S. and allies remain concerned about uranium enrichment levels nearing weapons-grade levels. Trump has demanded a full halt to enrichment, while Khamenei insists on retaining it. 

‘I’m a journalist, and we work under extreme censorship,’ said the woman in Tehran. ‘We’re not allowed to mention U.S. or Israeli military capabilities. We can’t publish anything about the talks without approval.’

She described a system where state censors dictate what reporters can and cannot say—down to the vocabulary. ‘It’s not just the content—it’s the individual words. And that makes journalism almost impossible.’

In the interviews with Fox News Digital, Iranians expressed deep skepticism that Khamenei would abide by any agreement. ‘He lies,’ the journalist said bluntly. ‘What he says publicly is never what he actually does. He manipulates both the public and foreign governments. No one should trust a dictator like him.’

The man echoed the sentiment. ‘The regime’s survival depends on its hostility toward the U.S. and Israel. If it truly committed to a deal, it would undermine its own ideological foundation. That’s why no one believes it can last.’

Recent months have seen a resurgence of protest activity in Iran, including a growing nationwide strike by truck drivers demanding fair wages and lower fuel prices. Though largely ignored by international media, these strikes follow years of widespread protests—most notably the 2022 ‘Woman, Life, Freedom’ uprising sparked by the death of Mahsa Amini in morality police custody. 

That movement, along with economic demonstrations in 2019 and 2021, was met with violent crackdowns, mass arrests, and internet blackouts. The pattern has left Iranians wary that any sign of instability is met with brutal suppression.

An Iranian student pointed to the truckers’ strikes currently roiling parts of Iran as a sign of grassroots unrest. ‘These strikes are a direct message from the people,’ he said. ‘They’ve been largely ignored by the media, but they are powerful and legitimate. This is how change begins—if it’s allowed to.’

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

Ukraine’s shock drone strike on Russia’s strategic bomber fleet this week has generals and analysts taking a new look at threats to high-value United States aircraft at bases in the homeland and abroad – and the situation is worrisome.

“It’s an eyebrow-raising moment,” Gen. David Allvin, the US Air Force chief of staff, said at a defense conference in Washington on Tuesday, adding that the US is vulnerable to similar attacks.

By “unhardened,” Shugart means there aren’t enough shelters in which US warplanes can be parked that are tough enough to protect them from airstrikes, be it from drones or missiles.

Ukrainian military officials said 41 Russian aircraft were hit in last Sunday’s attacks, including strategic bombers and surveillance planes, with some destroyed and others damaged.

Later analysis shows at least 12 planes destroyed or damaged, and reviews of satellite imagery were continuing.

The Ukrainian operation used drones smuggled into Russian territory, hidden in wooden mobile houses atop trucks and driven close to four Russian air bases, according to Ukrainian sources.

Once near the bases, the roofs of the mobile houses were remotely opened, and the drones deployed to launch their strikes.

The Russian planes were sitting uncovered on the tarmac at the bases, much as US warplanes are at facilities at home and abroad.

“We’ve got a lot of high-value assets that are extraordinarily expensive,” McChrystal said.

The Ukrainians said their attacks destroyed $7 billion worth of Russian aircraft. By comparison, a single US Air Force B-2 bomber costs $2 billion. And the US has only 20 of them.

Shugart co-authored a report for the Hudson Institute in January highlighting the threat to US military installations from China in the event of any conflict between the superpowers.

“People’s Liberation Army (PLA) strike forces of aircraft, ground-based missile launchers, surface and subsurface vessels, and special forces can attack US aircraft and their supporting systems at airfields globally, including in the continental United States,” Shugart and fellow author Timothy Walton wrote.

War game simulations and analyses show “the overwhelming majority of US aircraft losses would likely occur on the ground at airfields (and that the losses could be ruinous),” Shugart and Walton wrote.

A report from Air and Space Forces magazine last year pointed out that Anderson Air Force Base on the Pacific island of Guam – perhaps the US’ most important air facility in the Pacific – which has hosted rotations of those $2 billion B-2 bombers, as well as B-1 and B-52 bombers, has no hardened shelters.

Allvin, the USAF chief of staff, admitted the problem on Tuesday.

“Right now, I don’t think it’s where we need to be,” Allvin told a conference of the CNAS.

McChrystal said the US must look at how to protect its bases and the aircraft on them but also how it monitors the areas around those facilities.

“It widens the spectrum of the threats you’ve got to deal with,” McChrystal said.

The cost of ‘playing defense’

But all that costs money, and Allvin said that presents the US with a budget dilemma.

Does it spend defense dollars on hardened shelters and ways to stop drones and missiles from attacking US bases, or does it use more resources on offensive weapons that take the fight to the enemy?

“If all we are doing is playing defense and can’t shoot back, then that’s not a good use of our money,” Allvin told the CNAS conference.

“We’ve always known that hardening our bases is something we needed to do,” Allvin said, but other items have been given budget priority.

Hardened aircraft shelters aren’t flashy and are unlikely to generate the headlines of other defense projects, including planes like the new B-21 bombers, each of which is expected to cost around $700 million.

And US President Donald Trump said recently the Air Force will build a new stealth fighter, the F-47, with an initial cost of $300 million per aircraft.

“The F-47 is an amazing aircraft, but it’s going to die on the ground if we don’t protect it,” Allvin said.

Meanwhile, a hardened shelter costs around $30 million, according to Shugart and Walton.

Last month Trump revealed another form of air defense for the US mainland, the Golden Dome missile shield, expected to cost at least $175 billion.

Despite the huge price tag, it’s designed to counter long-range threats, like intercontinental ballistic missiles fired from a different hemisphere.

Vastness as a weakness

In Russia’s case, the vastness of its territory was seen as a strength in its war with Ukraine. One of the air bases hit in Ukraine’s Operation “Spiderweb” was closer to Tokyo than Kyiv.

But now Russia’s size is a weakness, writes David Kirichenko on the Ukraine Watch blog of the Atlantic Council.

Every border crossing may be an infiltration point; every cargo container on every highway or rail line must be treated with suspicion.

“This is a logistical nightmare,” Kirichenko said.

And there is a direct analogy to the United States.

US Air Force bomber bases are usually well inland, but accessible to vehicles large and small.

For instance, all 20 B-2 bombers are stationed at Whiteman Air Force Base in Missouri. It’s about 600 miles from the nearest coastline, the Gulf of Mexico, but only about 25 miles south of Interstate 70, one of the main east-west traffic arteries in the US, with thousands of commercial vehicles passing by daily.

Dyess Air Force Base in Texas, one of the homes of US B-1 bombers, sits just south of another major east-west commercial artery, Interstate 20.

“Think of all the containers and illegal entrants inside our borders,” said Carl Schuster, a former director of operations at the US Pacific Command’s Joint Intelligence Center.

“That connection will trigger alarm in some US circles,” he said.

Meanwhile, in the Pacific, even better US offensive firepower, like Gen. Allvin would like to have, might not be enough in the event of a conflict with China.

That’s because the PLA has made a concerted effort to protect its aircraft during its massive military buildup under leader Xi Jinping, according to the Hudson Institute report.

China has more than 650 hardened aircraft shelters at airfields within 1,150 miles of the Taiwan Strait, the report says.

But Shugart and Walton argue the best move Washington could make would be to make Beijing build more – by improving US strike capabilities in Asia.

“In response the… PLA would likely continue to spend funds on additional costly passive and active defense measures and in turn would have less to devote to alternative investments, including strike and other power projection capabilities,” they said.

This post appeared first on cnn.com

Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that the TSX Venture stock exchange (the “Exchange”) has approved the option agreement for Trailbreaker to acquire a 100% interest in the Coho property, central British Columbia (BC).

The 8,000-hectare Coho property covers a copper-gold (Cu-Au) porphyry target located 90 km north of Fort St. James, BC, and 30 km west of the Mount Milligan mine. Historically named the Chuchi South property, Trailbreaker renamed the project as the Coho property when the Company announced the acquisition on May 26, 2025 (see news release).

Terms of the Option Agreement

On May 15th, 2025, Trailbreaker signed an option agreement (the “Agreement”) with Ron Bilquist (“Bilquist”) of Gabriola, BC. Subject to the approval of the Exchange, Trailbreaker has the option to acquire a 100% interest in the Coho property if the following terms are met:

(a) pay to Bilquist an aggregate $380,000 as follows:

(i) $20,000 on execution of this Agreement;

(ii) an additional $25,000 on or before May 20, 2026;

(iii) an additional $35,000 on or before May 20, 2027;

(iv) an additional $50,000 on or before May 20, 2028;

(v) an additional $50,000 on or before May 20, 2029;

(vi) an additional $200,000 on or before May 20, 2030; and

(b) issue and deliver to Bilquist an aggregate 700,000 Trailbreaker common shares (“Shares”) as follows:

(i) 50,000 Shares within 10 days of the date of Regulatory Approval;

(ii) an additional 100,000 Shares on or before May 20, 2026;

(iii) an additional 150,000 Shares on or before May 20, 2027;

(iv) an additional 200,000 Shares on or before May 20, 2028;

(v) an additional 200,000 Shares on or before May 20, 2029; and

(c) complete Expenditures on the Property of $200,000 as follows:

(i) $200,000 of Expenditures on or before May 20, 2027; and

(ii) Expenditures (including the Expenditures referred to in (i) above) of $1 million or

1,500 metres of diamond drilling within 3 years of receiving a drill permit

Upon completion of the Agreement, Trailbreaker will obtain a 100% interest in the property and Bilquist will retain a total 2.0% Net Smelter Return (NSR) royalty, which may be brought down to 0.5% through a cash payment of $1,500,000 to Bilquist.

Upon completion of a bankable feasibility study, Trailbreaker shall pay to Bilquist $1,500,000.

Commencing on May 20, 2032, Trailbreaker shall pay to Bilquist annually $30,000 as an advance payment against the royalty, such payments to be credited against the royalty once the property goes into commercial production.

For more information about the Coho property see the May 26, 2025 news release or the Coho section on Trailbreaker’s webpage:

      About Trailbreaker Resources

      Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.

      ON BEHALF OF THE BOARD

      Daithi Mac Gearailt

      President and Chief Executive Officer

      Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.

      Other

      For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.com.

      Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

      Forward-Looking Statements

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      Speaker Mike Johnson, R-La., said he hopes President Donald Trump and Elon Musk ‘reconcile’ after a furious public feud over Republicans’ ‘one big, beautiful bill.’

      ‘I was with the president in the Oval Office yesterday afternoon as some of this was unfolding, and I can tell you, as he said in his own words, he was just, he was disappointed, and I was surprised by Elon’s sudden opposition,’ Johnson told reporters on Friday.

      ‘I believe in redemption. That’s part of my worldview, and I think it’s good for the party and the country if all that’s worked out.’

      Then, without addressing Musk directly, Johnson appeared to chide him for attacking Trump.

      ‘I’ll tell you what, do not doubt and do not second guess and don’t ever challenge the President of the United States, Donald Trump. He is the leader of the party, he’s the most consequential political figure of this generation, in probably the modern era, and he’s doing an excellent job for the people,’ Johnson said.

      Asked whether he’d spoken to Musk since the tirade, Johnson said earlier Friday morning, ‘We exchanged texts, but I’m not going to talk about the content of it.’

      Johnson also said Republicans were unfazed by the criticism coming from the tech billionaire often called the richest man in the world.

      ‘Members are not shaken at all. We are going to pass this legislation on our deadline, and we’re very bullish about it,’ he said.

      White House press secretary Karoline Leavitt told Fox News Digital when asked about Johnson’s call for unity, ‘President Trump is focused on making our country great again and passing the One Big Beautiful Bill.’

      Trump told Fox News’ Bret Baier in an interview on Friday that he was not interested in speaking with Musk, nor was he worried about Musk’s threat to launch a third political party.

      ‘Elon’s totally lost it,’ the president said.

      Musk accused Republicans of not working hard enough to cut federal spending with their budget reconciliation bill, which is aimed at advancing Trump’s priorities on tax cuts, immigration, energy, defense and the debt limit.

      The Tesla CEO called out Trump, Johnson and Senate Majority Leader John Thune, R-S.D., all by name as well.

      Republicans, for the most part, have closed ranks around Trump and their bill.

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      President Donald Trump signed three new executive orders Friday aimed at accelerating American drone innovation and supersonic air travel, while also restoring security to American airspace. 

      The three orders will be critical to American safety and security, White House officials involved in the drafting of the orders indicated, particularly in light of major worldwide events coming to the United States in the next few years, such as the World Cup and the Olympics. 

      In addition to bolstering safety and security, the new orders will also spur greater innovation in the aerospace and drone sectors, something White House officials said has been stifled in recent years as a result of burdensome regulations.   

      ‘Flying cars are not just for the Jetsons,’ Michael Kratsios, a lead tech policy advisor at the White House said. ‘Since the beginning of his first term, President Trump has recognized the incredible potential of drones to boost American productivity, create high-skilled jobs and meet national needs in areas like public safety, infrastructure, inspection, agriculture and more. But, for too long, red tape has hindered homegrown drone innovation, restricting commercial drone use and burdening their development.’

      Kratsios said the same about supersonic aviation, noting ‘Americans should be able to fly from New York to LA in under four hours.’

      Besides promoting innovation, the orders seek to shore up American airspace sovereignty. This directive is aimed at not only addressing potentially criminal or terror-related threats. It also aims to increase penalties for and reduce the prevalence of drone misuse in American airspace. 

      ‘The president week one wanted us to take this issue seriously because of the national fury over the events over New Jersey,’ Sebastian Gorka, senior director of counterterrorism on the Trump administration’s National Security Council, said of the new executive orders signed Friday. 

      ‘For far too many years, we have not had a requisite, necessary federal response — not only to the dominance of non-U.S. platforms in this field, but also protecting sensitive sites, military sites, critical infrastructure, but also just sporting events, mass events.’ 

      White House officials who advised the president on these new executive orders said there will be more protection for critical infrastructure for sporting venues as a result of the new directives, including the upcoming FIFA World Cup. They will also enable ‘routine beyond visual line of sight commercial operations,’ such as drone deliveries, infrastructure maintenance and emergency response to incidents like wildfires.

      The orders will also reduce the United States’ reliance on foreign countries for drone and other aviation technology, officials added.

      ‘These executive orders will accelerate American innovation in drones, flying cars and supersonic aircraft and chart the future of America’s skies for years to come,’ Kratsios said. ‘Our message is simple. American innovation belongs in American aerospace.’

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      A ‘big, beautiful’ brawl erupted on social media Thursday as President Donald Trump and Elon Musk aired their grievances for all to see after months of working together to cut government waste. 

      House Republicans rallied behind the president and continued to support Musk when discussing the fallout with Fox News Digital.

      ‘Obviously, I have President Trump’s back. I don’t think that he should be impeached. Do I think that he was on the Jeffrey Epstein island? I don’t think so,’ Rep. Anna Paulina Luna, R-Fla., said, referring to Musk calling for Trump’s impeachment and suggestiong Trump was ‘in the Epstein files.’

      Despite her defense, Luna admitted Musk is not a ‘terrible person,’ and both men have made ‘great contributions’ to the Republican Party. 

      ‘I assure you he crossed the line on what he said about the sitting president of the United States today,’ Rep. Chip Roy, R-Texas, said of Musk’s allegations about Trump. 

      But Roy joined Luna in defending Musk’s contribution to cutting government waste through the Department of Government Efficiency (DOGE). 

      ‘The bottom line is, we have a job to do. Elon is doing a great job in terms of the rescissions in terms of the DOGE cuts they identified, and I don’t disagree with him about our need to go find more spending cuts. I don’t. But you know, guys, keep it in the lines,’ Roy added. 

      Rep. Ralph Norman, R-S.C., praised Trump Thursday for saving the country. 

      ‘What’s broken apart can be put back together, but you’ve got two strong personalities,’ Norman said of Trump and Musk. 

      Rep. Tim Burchett, R-Tenn, dismissed the men’s social media brawl, telling Fox News Digital, ‘They’re the two biggest dogs in the pound. They’re going to fight.’

      ‘It’s going to settle down at some point,’ Rep. Burgess Owens, R-Utah, added. 

      White House press secretary Karoline Leavitt attributed Musk’s tirade to Trump’s bill, which is focused on working- and middle-class tax relief and not benefiting Musk and his companies enough.

      ‘This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted. The president is focused on passing this historic piece of legislation and making our country great again,’ Leavitt said.

      In the first of several posts targeting the bill, and then Trump directly, Musk said, ‘I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.’

      Fox News Digital’s Elizabeth Elkind contributed to this report. 

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