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: This was the kind of prison break officials say could have changed the region, and perhaps even the world, overnight.

Nearly 6,000 ISIS detainees, described by a senior U.S. intelligence official as ‘the worst of the worst,’ were being held in northern Syria as clashes and instability threatened the Kurdish-led Syrian Democratic Forces, the guards responsible for keeping the militants locked away and preventing a feared ISIS resurgence. U.S. officials believed that if the prisons collapsed in the chaos, the consequences would be immediate.

‘If these 6,000 or so got out and returned to the battlefield, that would basically be the instant reconstitution of ISIS,’ the senior intelligence official told Fox News Digital.

In an exclusive interview, the official walked Fox News Digital step by step through the behind-the-scenes operation that moved thousands of ISIS detainees out of Syria and into Iraqi custody, describing a multi-agency scramble that unfolded over weeks, with intelligence warnings, rapid diplomacy and a swift military lift.

The risk, the official explained, had been building for months. In late October, Director of National Intelligence Tulsi Gabbard began to assess that Syria’s transition could tip into disorder and create the conditions for a catastrophic jailbreak.

The ODNI sent the official to Syria and Iraq at that time to begin early discussions with both the SDF and the Iraqi government about how to remove what the official repeatedly described as the most dangerous detainees before events overtook them.

Those fears sharpened in early January as fighting erupted in Aleppo and began spreading eastward. Time was running out to prevent catastrophe. ‘We saw this severe crisis situation,’ the official said.

According to the source, the ODNI oversaw daily coordination calls across agencies as the situation escalated. The official said Secretary of State Marco Rubio was ‘managing the day to day’ on policy considerations, while the ODNI drove a working group that kept CENTCOM, diplomats and intelligence officials aligned on the urgent question: how to keep nearly 6,000 ISIS fighters from slipping into the fog of war.

The Iraqi government, the official said, understood the stakes. Baghdad had its own reasons to move quickly, fearing that if thousands of detainees escaped, they would spill across the border and revive a threat Iraq still remembers in visceral terms.

The official described Iraq’s motivation bluntly: leaders recognized that a massive breakout could force Iraq back into a ‘2014 ISIS is on our border situation once more.’

The U.S. Embassy in Baghdad, the official said, played a pivotal role in smoothing the diplomatic runway for what would become a major logistical undertaking.

Then came the physical lift. The official credited CENTCOM’s surge of resources to make the plan real on the ground, saying that ‘moving in helicopters’ and other assets enabled detainees to be removed in a compressed timeframe.

‘Thanks to the efforts… moving in helicopters, moving in more resources, and then just logistically making this happen, we were able to get these nearly 6000 out in the course of just a few weeks,’ the official said.

The SDF, he said, had been securing the prisons, but its attention was strained by fighting elsewhere, fueling U.S. fears that a single breach could spiral into a mass escape. Ultimately, detainees were transported into Iraq, where they are now held at a facility near Baghdad International Airport under Iraqi authority.

The next phase, the official said, is focused on identification and accountability. FBI teams are in Iraq enrolling detainees biometrically, the official said, while U.S. and Iraqi officials examine what intelligence can be declassified and used in prosecutions.

‘What they were asking us for, basically, is giving them as much intelligence and information that we have on these individuals,’ the official said. ‘So right now, the priority is on biometrically identifying these individuals.’

The official said the State Department is also pushing countries of origin to take responsibility for their citizens held among the detainees.

‘State Department is doing outreach right now and encouraging all these different countries to come and pick up their fighters,’ he said.

While the transfer focused strictly on ISIS fighters, the senior intelligence official said families held in camps such as al-Hol were not part of the operation, leaving a major unresolved security and humanitarian challenge.

The camps themselves were under separate arrangements, the official said, and responsibility shifted as control on the ground evolved. 

According to the official, the Syrian Democratic Forces and the Syrian government reached an understanding that Damascus would take over the al-Hol camp, which holds thousands of ISIS-affiliated women and children.

‘As you can see from social media, the al-Hol camp is pretty much being emptied out,’ the official said, adding that it ‘appears the Syrian government has decided to let them go free,’ a scenario the official described as deeply troubling for regional security. ‘That is very concerning.’

The fate of the families has long been viewed by counterterrorism officials as one of the most complicated, unresolved elements of the ISIS detention system. Many of the children have grown up in camps after ISIS lost territorial control, and some are now approaching fighting age, raising fears about future radicalization and recruitment.

For now, the official said, intelligence agencies are closely tracking developments after a rapid operation that, in their view, prevented thousands of experienced ISIS militants from reentering the battlefield at once and potentially reigniting the group’s fighting force. 

‘This is a rare good news story coming out of Syria,’ the official concluded.

This post appeared first on FOX NEWS

The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets.

CFTC Chairman Michael Selig said Tuesday in a video posted on X that the agency has filed a “friend of the court brief” in support of Crypto.com in its escalating legal battle with regulators in Nevada.

The move is significant because it marks the first time under Selig that the CFTC has taken sides in what is shaping up to be an epic fight between regulators and prediction markets, platforms that allow users to trade contracts tied to a wide range of events, from local elections to the Super Bowl.

By intervening, Selig’s CFTC is effectively arguing that prediction markets are federally regulated and not subject to state-level gambling laws.

“Over the past year, American prediction markets have been hit with an onslaught of state-led litigation,” Selig said in the video.

“The CFTC will no longer sit idly by while overzealous state governments undermine the agency’s exclusive jurisdiction over these markets by seeking to establish statewide prohibitions on these exciting products,’ said Selig.

The debate over how the platforms should be regulated comes as they explode in popularity. Kalshi said Super Bowl 60 generated more than $1 billion in total trading volume — a 2,700% increase from last year.

It’s a fight with broad implications and high stakes. Over the past year, several states including Massachusetts and Nevada have moved to restrict prediction markets, filing lawsuits, issuing cease-and-desist letters and arguing that the platforms amount to unlicensed gambling.

Utah’s Republican governor, Spencer Cox, said in a post on X Tuesday that he will use “every resource” within his disposal to “beat” Selig in court.

“These prediction markets you are breathlessly defending are gambling—pure and simple,” he said. “They are destroying the lives of families and countless Americans, especially young men. They have no place in Utah.”

Meanwhile, Cox’s fellow Republican, Sen. Bernie Moreno of Ohio, issued his support of Selig’s announcement on X. “Clear lines of delineation and clarity on regulations is essential for American led innovation,’ he said.

Selig’s move comes days after a group of Democratic senators led by Nevada’s Catherine Cortez Masto sent the chairman a letter urging the CFTC to ‘abstain from intervening in pending litigation involving contracts tied to sports, war, or other prohibited events.’

As states attempt to rein in these fast-growing platforms, the question is no longer simply whether these products amount to gambling. It’s who gets to decide that question.

Industry advocates argue that the platforms aren’t gaming, which is traditionally regulated by states. Instead, they claim the prediction markets are financial exchanges that fall under the CFTC’s purview, where users trade contracts with one another. and don’t bet against a “house.” The exchanges don’t set odds or take the opposite side of trades. Instead, they collect transaction fees, similar to a brokerage.

In the video, Selig said prediction markets allow Americans to “hedge commercial risks like increases in temperature and energy price spikes,” and they act as “an important check on our news media and our information screens.”

He ended the video with a warning directed at the state attorneys general who are on the front lines of the legal fights to regulate prediction markets: “To those who seek to challenge our authority in this space, let me be clear: We will see you in court.”

This post appeared first on NBC NEWS

President Donald Trump’s newly created Board of Peace is set to hold its first meeting Thursday, with administration officials and participating countries framing the gathering as a step toward implementing the next phase of the Gaza ceasefire and reconstruction effort rather than a moment likely to deliver an immediate breakthrough.

At least 20 countries are expected to attend the inaugural session in Washington, where Trump is slated to chair discussions on a multi-billion-dollar reconstruction framework, humanitarian coordination and the deployment of an international stabilization force.

Trump unveiled the initiative at the World Economic Forum in Davos last month. Initial members include the United Arab Emirates, Saudi Arabia, Egypt, Qatar, Bahrain, Pakistan, Turkey, Israel, Hungary, Morocco, Kosovo, Albania, Bulgaria, Argentina, Paraguay, Kazakhstan, Mongolia, Uzbekistan, Indonesia and Vietnam.

On Sunday, Trump said members of the initiative had already pledged $5 billion toward rebuilding Gaza and would commit personnel to international stabilization and policing efforts. ‘The Board of Peace will prove to be the most consequential international body in history, and it is my honor to serve as its Chairman,’ Trump wrote in a social media post announcing the commitments.

Italy’s foreign minister, Antonio Tajani, has announced a plan to train a future Gaza police force, while Indonesia has committed thousands of troops to a prospective international stabilization mission expected to deploy later this year.

The United Arab Emirates, a founding participant in the initiative, said it plans to continue its humanitarian engagement in Gaza.

‘The UAE remains committed to scaling up its humanitarian efforts to support Palestinians in Gaza and to advancing a durable peace between Israelis and Palestinians,’ the UAE Ministry of Foreign Affairs said in a statement, noting its role as a founding member of the Board of Peace and part of the Gaza Executive Board.

Even as Gulf and regional partners signal willingness to fund humanitarian needs, long-term reconstruction remains tied to security conditions on the ground.

Disarmament remains the central test

Analysts say the meeting’s significance will hinge less on headline announcements and more on whether participants align on the unresolved core issue shaping Gaza’s future: Hamas’ disarmament.

Ghaith al-Omari, a senior fellow at the Washington Institute, argued the meeting’s credibility will depend on whether participants coalesce around a clear position on disarmament. ‘Unless there is going to be a joint statement coming out of it that clearly says Hamas has to disarm — to me the meeting would be a failure,’ he said, because it would show ‘the U.S. cannot get everyone on the same page.’

Funding is also expected to dominate discussions, though diplomats and analysts caution that pledges may not translate quickly into large-scale reconstruction.

‘We’re going to see pledges,’ al-Omari told Fox News Digital, ‘with a footnote that a pledge does not always translate to deliverables,’ urging attention to which countries commit funds and whether the money is earmarked for humanitarian aid, stabilization or long-term rebuilding.

John Hannah, a senior fellow at the Jewish Institute for National Security of America (JINSA), also cautioned that early financial pledges are unlikely to translate into immediate large-scale reconstruction. ‘I can’t imagine that much of that initial pledge or any of it is going to actual long-term or even medium-term reconstruction of Gaza. Just too many parties won’t support it, pending actual progress on the core question of disarmament and demilitarization of Hamas,’ he said.

Hannah added that the financing challenge remains enormous. ‘It’s been a major outstanding question: How are you going to fund this tremendous bill that is going to come due over the course of the next several years?’ he said. ‘I’ve been watching this now for 35 years, and if I had $100 for every time a major Arab country pledged support for the Palestinians but not delivered, I’d be a relatively wealthy man.’

Netanyahu signs on despite Turkey, Qatar tensions

The initiative has also highlighted political tensions surrounding Israel’s participation, particularly given the involvement of Turkey and Qatar.

Israeli Prime Minister Benjamin Netanyahu signed on to the agreement last week during a meeting with Secretary of State Marco Rubio, placing Israel formally inside the framework despite earlier Israeli objections to Ankara and Doha playing a central role in Gaza’s future.

Hannah said Netanyahu’s decision reflects strategic calculations tied to Washington. ‘I think the prime minister doesn’t want to anger the president. He’s prioritizing his really good strategic relationship with Trump over this tactical difference over Turkey and Qatar,’ he said. ‘The prime minister is just making a basic calculation of where Israel’s interests lie here and trying to balance these competing factors.’

European allies raise legal concerns

Beyond Gaza, the initiative has sparked concern among European allies, many of whom have declined to join the board.

European officials told Fox News Digital the group’s charter raises legal and institutional questions and may conflict with the original U.N. framework that envisioned a Gaza-focused mechanism.

Speaking at the Munich Security Conference, European leaders argued the Board of Peace’s mandate appears to diverge from the U.N. Security Council resolution that initially supported a Gaza-specific body.

European Union foreign policy chief Kaja Kallas said the resolution envisioned a time-limited structure tied directly to Gaza and to the U.N., but that the board’s current charter no longer reflects those provisions. ‘The U.N. Security Council resolution provided for a Board of Peace for Gaza… it provided for it to be limited in time until 2027… and referred to Gaza, whereas the statute of the Board of Peace makes no reference to any of these things,’ she said. ‘So I think there is a Security Council resolution but the Board of Peace does not reflect it.’

In response, U.S. Ambassador to the United Nations Mike Waltz criticized what he described as excessive concern over the initiative and argued the status quo in Gaza was unsustainable, and attacked what he said was ‘hand-wringing’ about the Board of Peace — saying the cycle of war with Hamas in control had to be broken.

Not a replacement for the United Nations

Despite European unease, analysts say the Board of Peace is unlikely to replace the U.N. system.

Al-Omari dismissed the idea that the initiative poses a serious institutional challenge, arguing that major powers remain deeply invested in the existing multilateral structure.

Hannah agreed, saying the administration appears to view Thursday’s meeting primarily as incremental progress rather than any kind of major breakthrough. ‘The way the administration is looking at this is just another sign of continued progress and momentum, rather than any kind of major breakthrough,’ he concluded.

This post appeared first on FOX NEWS

President Donald Trump announced that former Housing and Urban Development (HUD) Secretary Ben Carson will receive the Presidential Medal of Freedom during a White House event marking the 100th anniversary of Black History Month, as attendees at one point broke into chants of ‘four more years.’

‘Ben’s getting the Presidential Medal of Freedom,’ Trump said. ‘It’s the highest award you can have outside of the Congressional Medal of Honor.’

Trump said Carson would receive the nation’s top civilian honor at a future ceremony, telling him, ‘Ben, I’ll be seeing you back here pretty soon. I think you’re going to get the award.’

The announcement came as Trump mixed tributes and cultural references with policy and political claims including criminal justice reform, crime reduction and border enforcement while hosting what he described as ‘many exceptional African American leaders and patriots’ at the White House.

Trump opened the event by noting, ‘we celebrate the 100th anniversary of Black History Month.’

He then addressed the death of the Rev. Jesse Jackson, saying, ‘I wanted to begin by expressing a sadness that the passing of a person who was. I knew very well Jesse was a piece of work. He was a piece of work. But he was a good man.’

‘I just want to pay my highest respects to Reverend Jesse Jackson,’ Trump added, calling him ‘a real hero,’ and saying ‘he really was special, with lots of personality, grit and street smarts.’

Trump introduced HUD Secretary Scott Turner and brought Carson to the front of the room, noting Carson had recommended Turner. Carson praised Turner’s role in opportunity zones, saying ‘he was really the driving force behind the Opportunity zones,’ and described Trump’s approach as ‘public private partnerships, and had everybody with skin in the game.’

Moments later, Trump returned to Carson and elaborated on the award.

‘It’s better because, you know, a lot of people get the Congressional Medal of Honor, and they’re not around,’ Trump said. ‘But it’s the highest award [for] a civilian.’

After remarks from Leo Terrell whom Trump thanked, saying, ‘Leo, that was very good,’ the crowd assembled broke into a chant of ‘four more years.’

Later, while listing Black artists and athletes, Trump singled out rapper Nicki Minaj.

‘I love Nicki Minaj. She was here a couple of weeks ago.’

‘So beautiful,’ he added, before saying, ‘and she gets it. And more importantly, she gets it.’

Trump connected Wednesday’s celebration to a broader national moment, saying, ‘Black History Month is really all about American history,’ and referencing upcoming America250 programming.

The President outlined a series of policy accomplishments for the black community, saying he ‘single handedly secured record long term funding for’ historically Black colleges and universities and reiterated, ‘we got criminal justice reform done,’ adding, ‘Nobody thought it can be done.’

Trump tied those policies to electoral performance, saying, ‘it’s no wonder that in 2024, we won more African-American votes than any Republican president in history.’

Trump also cited economic indicators, saying, ‘Earlier this month the Dow Jones Industrial Average rose above 50,000 for the first time ever,’ and adding, ‘The S&P broke 7000.’

‘More Americans are working today than at any time in American history,’ he said, before stating, ‘Since I took office, African American employment has increased by 182,000.’

The president also promoted a tax proposal, inviting a small business owner from Arkansas to speak. She told the audience, ‘no tax on tips has been amazing blessing for me.’

Trump later pivoted to crime and border enforcement, arguing ‘we need order,’ and claiming, ‘Washington DC is amazing. It was a crime capital. It was a horror show a year ago. It was really dangerous. And now it’s one of the safest cities anywhere in the country.’

‘We have the lowest murder numbers in 125 years since 1990,’ he said, adding, ‘just one year ago, we had the absolute worst border that we’ve ever had, and now we have the safest border that we’ve ever had.’

He also said he had ‘deployed the National Guard to bring back safety to Memphis and to New Orleans and Washington,’ calling the Guard ‘incredible.’

Johnson credited Trump with the First Step Act, saying, ‘President Trump did something historic in his first term. He signed the First Step act into law,’ and adding, ‘Over 40,000 individuals have come home to their families early.’

Trump closed by calling the gathering ‘a very special group of people,’ and said, ‘So happy Black History Month, happy black history year, and happy black history century.’

This post appeared first on FOX NEWS

Secretary of State Marco Rubio has reportedly been holding secret talks with the grandson of Raul Castro, the former President of Cuba. 

The talks between Rubio and Raul Guillermo Rodriguez Castro are bypassing official Cuban government channels, Axios reported. 

‘Our position — the U.S. government’s position — is the regime has to go,’ a senior official told the news outlet. ‘But what exactly that looks like is up to [President Trump] and he has yet to decide. Rubio is still in talks with the grandson.’

‘I wouldn’t call these ‘negotiations’ as much as ‘discussions’ about the future,’ the official added.

Earlier this month, Cuban despot Miguel Díaz-Canel warned his country is ‘close to failing’ as the U.S. shuts off commercial valves vital to its survival, such as fuel and food, followed by nearly 70 years of one-party communist rule.

Cuba’s power grid is failing, hospitals are short of necessary supplies and garbage has piled up on the streets. 

The Trump administration has ratcheted up pressure on the communist-run island in recent weeks, following the arrest of Venezuelan President Nicolas Maduro, a Cuban ally. The administration has accused Havana of cozying up to U.S. adversaries and terrorist groups. 

Fox News Digital has reached out to the State Department. The White House referred Fox News Digital to press secretary Karoline Leavitt’s remarks on Tuesday, in which she said Havana needs to make serious changes. 

‘They are a regime that is falling,’ she said. ‘Their country is collapsing, and that’s why we believe it’s in their best interest to make very dramatic changes very soon. And we’ll see what they decide to do.’

This post appeared first on FOX NEWS

President Donald Trump praised civil rights activist Jesse Jackson as a ‘real hero’ during a White House Black History Month event Wednesday, just a day after Jackson’s death.

‘I wanted to begin by expressing a sadness that the passing of a person who was. I knew very well Jesse was a piece of work. He was a piece of work. But he was a good man. He was a real hero,’ Trump said on Wednesday, earning cheers from the audience. 

Trump hosted leaders from the Black community at the White House Wednesday to honor Black History Month in February. He remarked as the event kicked off that there was a ‘sold-out crowd’ and that the upcoming White House ballroom would accommodate far more people. 

Trump had lamented Jackson’s death in a prior Truth Social post Tuesday, elaborating on Wednesday that the pair’s relationship got ‘better and better all the time.’

‘A lot of people you get to know, they get worse and worse. Jesse got better and better. But I knew him well long before becoming president, and he really was special, with lots of personality, grit and street smarts,’ Trump continued. 

Jackson, 84, died Tuesday. His cause of death has not been identified, but he had suffered from health issues including living with a rare neurological condition.

Jackson was a two-time Democratic presidential candidate, and longtime civil rights leader who joined Dr. Martin Luther King Jr. in the 1960s before his assassination, and was the founder of civil rights group, Rainbow/PUSH Coalition. 

‘I will tell you, he was gregarious and someone who truly loved people and a force of nature, who is, somebody that we’re going to greatly miss. And on behalf of everyone here today, I know you join me in sending our condolences to the entire family,’ Trump continued. 

Wednesday’s event included celebrating the legacy of Black Americans, economic wins under the Trump administration, as well as Trump reigniting his 2025 announcement that former Department of Housing and Urban Development Secretary Ben Carson, who served under Trump’s first term, would receive the Presidential Medal of Freedom.  

‘Ben’s getting the Presidential Medal of Freedom. It’s the highest award you can have outside of the Congressional Medal of Honor,’ Trump said.

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The president of a Florida insurance brokerage firm and the CEO of a marketing company were sentenced Wednesday to 20 years each in prison for leading a sprawling, $233 million Affordable Care Act fraud scheme that preyed on Florida’s most vulnerable residents — including homeless and jobless individuals and newly displaced hurricane victims — to pocket millions in unearned commissions.

Cory Lloyd, 46, of Stuart, Florida, and Steven Strong, 42, of Mansfield, Texas, were convicted of conspiracy and fraud for their roles in the scheme, which involved lying and falsifying government forms to obtain coverage for individuals and lying to or bribing would-be enrollees to sign up for plans even when they knew doing so would cost them their existing insurance coverage. In addition to their prison time, the pair were ordered to pay $180.6 million in restitution to their victims. 

Lloyd and Strong profited handsomely for years from the scheme, Justice Department officials said, using the proceeds to purchase luxury vehicles, an 80-foot yacht and an oceanfront home in the Florida Keys.

‘Preying upon medically compromised consumers to rob hundreds of millions of taxpayer-funded programs is evil and unforgivable,’ Attorney General Pam Bondi told Fox News Digital in a statement. 

‘Fraud schemes like this rob citizens and shake faith in our institutions. Today’s sentencing is the latest example of this DOJ’s commitment to fighting fraud nationwide,’ Bondi said.

An estimated 35,000 individuals were fraudulently enrolled in Affordable Care Act plans during the years-long scheme led by Lloyd and Strong, Justice Department officials with knowledge of the case told Fox News Digital. The two sought more than $233 million in fraudulent payments, including about $180 million in federal Affordable Care Act funding.

‘These defendants were sophisticated, licensed insurance brokers,’ Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division said in a statement. 

‘They had everything and intentionally took advantage of people who had nothing. The message from these sentences is simple: Those who seek to line their own pockets with taxpayer dollars, victimize our most vulnerable and deplete federal programs will be held accountable.’

The two intentionally targeted people in the state who were experiencing homelessness and people experiencing mental health disorders, including addiction to opioids or other drugs, according to materials reviewed by Fox News Digital. 

Prosecutors said at trial that Lloyd and Strong conspired to circumvent federal income and eligibility verification safeguards. They also intentionally submitted Medicaid applications designed to trigger denials, allowing them to steer those same individuals into fully subsidized Affordable Care Act plans outside the open enrollment period, maximizing commissions year-round.

Their lavish lifestyle contrasted starkly with that of the individuals they lied to and scammed. 

‘One of the really awful things about the case is that it’s not only a scheme that’s taking money from the elderly and the disabled and defrauding the taxpayers, but that it actually resulted in real harm to the patients as well,’ one Justice Department official said in an interview.

That harm included individuals losing access to life-saving treatments for opioid use disorders, mental health disorders and serious infectious diseases.

Text messages introduced at trial showed Strong and Lloyd discussing sending ‘street marketers’ into Florida hurricane shelters to recruit enrollees.

In one text exchange, Strong suggested sending their team of ‘street marketers’ into Florida hurricane shelters to recruit enrollees. Lloyd responded enthusiastically, stating, ‘It’s a killer idea, if we could pull it off!’

Prosecutors said the efforts were particularly harmful because they disrupted existing coverage plans and jeopardized access to treatment for serious conditions.

Many of the victims were experiencing homelessness or unemployment or qualified for Medicaid coverage — an insurance option for low-income or vulnerable populations that, in many cases, best suited their needs.

Jurors heard from a Jacksonville-based psychiatrist who treats homeless individuals and testified about the harm some of his patients suffered as a result of the fraud, which caused them to lose their Medicaid coverage.

This included an individual ‘living in the woods behind Walmart’ who was suffering from schizoaffective disorder, a person familiar with the case told Fox News Digital.

Like others, this individual had previously been enrolled in Medicaid, which covered the entirety of a $2,000 shot used to treat the schizoaffective disorder. Enrollment in an Affordable Care Act plan caused the individual to lose that coverage.

The sentencing comes as the Justice Department has moved aggressively to crack down on healthcare fraud, including through its ongoing ‘strike force’ program that operates across 25 federal districts and has resulted in criminal charges against about 5,000 individuals, according to information shared with Fox News Digital.

It also comes as the DOJ’s Health Care Fraud Unit secured the largest national healthcare fraud takedown in its history in 2025, officials said, charging more than $15 billion in alleged losses and forfeitures and returning more than $560 million to the public.

Justice Department officials noted the amount is ‘many, many, many times our annual budget.’

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The debate over U.S. missile defense is increasingly focused on space, and defense experts argue that stopping threats in the earliest moments after launch could determine whether the homeland remains protected against Russia and China’s expanding arsenals.

At a policy discussion marking roughly a year since the rollout of the ‘Golden Dome’ homeland defense initiative, former senior defense officials said the United States can no longer rely primarily on deterrence and retaliation to shield the country from missile attacks.

‘I think geography is no longer’ a shield, former Air Force Undersecretary Kari Bingen said during a C-SPAN panel Friday. ‘There are different types of threats that can reach the homeland.’

The Golden Dome initiative stems from a January 2025 executive order signed by President Donald Trump directing the Pentagon to accelerate development of a next-generation homeland missile defense architecture. The order calls for integrating existing ground-based interceptors with advanced tracking networks, new space-based sensors and potentially space-based interceptors capable of detecting and defeating ballistic, cruise and hypersonic missile threats earlier in flight.

Administration officials have framed the effort as a response to rapid modernization by Russia and China. 

Russia has fielded new intercontinental ballistic missiles and hypersonic glide vehicles designed to penetrate missile defenses, while China has expanded its nuclear arsenal and constructed hundreds of new missile silos in recent years. 

Both countries have invested heavily in maneuverable reentry vehicles and countermeasures intended to complicate U.S. interception efforts.

Stopping missiles early

Supporters of a stronger space layer argue that intercepting a missile early in flight — before it can deploy warheads or countermeasures — simplifies the defensive challenge and reduces the strain on systems closer to U.S. territory.

‘It gives the ability to neutralize before they manifest here at home,’ missile defense expert Thomas Karako said, referring to space-enabled capabilities that could track and potentially intercept threats sooner in their trajectory.

Karako said there is ‘a compelling case’ for space-based interceptors ‘not just against nonnuclear attack but even limited nuclear attacks,’ arguing that raising the threshold for adversaries contemplating a strike strengthens deterrence overall.

‘If you raise the threshold for having enough capability to meaningfully invest in enemies … there’s goodness in there,’ he said.

Panelists emphasized that the objective is not absolute protection against thousands of intercontinental ballistic missiles, but improving the odds of defeating smaller or more limited attacks, including those that could involve large salvos or advanced countermeasures.

Threats are evolving

Melissa Dalton, a former senior Pentagon official, said missile and drone use has become increasingly normalized in recent conflicts, lowering the perceived threshold for employment.

‘They don’t respect the boundaries,’ Dalton said, noting the growing frequency of missile and drone attacks.

Bingen argued that the U.S. historically leaned heavily on the threat of retaliation to deter attacks but that changing technologies and adversary capabilities require a broader approach.

‘Americans would be surprised how reliant we have been on vulnerability and retaliation,’ she said.

Space and integration challenges

While space-based missile defense once drew skepticism due to cost and technical hurdles, Karako said advances in commercial launch and satellite technology have changed the feasibility calculus.

‘This is not the Soviet Union in the ’80s or the ’90s,’ he said. ‘The technology has evolved quite a bit.’

Still, experts acknowledged that integration — linking sensors, interceptors and command-and-control systems at machine speed — may be the most difficult challenge.

‘We have to remember this is a layered defense system,’ Bingen said. ‘We’re not asking the space layer to do it all.’

Participants also stressed that any major expansion of homeland missile defense will require bipartisan political support to endure through election cycles and shifting budget priorities.

‘If you don’t persuade people what it’s about, it will never be built,’ Karako said.

Officials have floated an aggressive timeline — including a three-year push to stand up initial capabilities — but the Golden Dome is still in early development, with much of the work focused on planning, prototypes and initial contracts. Significant technical and acquisition hurdles remain, particularly for any space-based interceptor layer, which defense officials acknowledge would take years to fully field.

The effort marks a broader shift in how the U.S. approaches homeland defense. Rather than relying mainly on midcourse interceptors and the threat of retaliation, Golden Dome is designed to push defenses earlier in a missile’s flight — and further into space — with the goal of stopping threats before they can deploy countermeasures or overwhelm existing systems.

This post appeared first on FOX NEWS

Ormat Technologies (NYSE:ORA) confirmed it has signed a long-term agreement to supply up to 150 megawatts of geothermal power to support Google’s data center operations in Nevada.

The Reno-based renewable energy company announced Tuesday (February 17) that it entered into a portfolio power purchase agreement (PPA) with NV Energy, the Berkshire Hathaway-owned utility serving Nevada. The electricity will ultimately support Alphabet’s (NASDAQ:GOOGL) Google under NV Energy’s Clean Transition Tariff framework.

Under the terms of the deal, Ormat will develop a series of new geothermal projects across Nevada capable of delivering up to 150 MW of capacity. The projects are expected to come online between 2028 and 2030.

The contract term will begin once the first project achieves commercial operation and will extend 15 years beyond the commercial operation date of the final project, creating a long-duration revenue stream.

The structure allows projects to be added to the portfolio as they reach commercial operation, giving Ormat flexibility in staging development while providing Google with a scalable source of clean, around-the-clock electricity.

“AI is fundamentally increasing electricity demand across the technology sector, and geothermal power is uniquely positioned to deliver the reliable, carbon-free power required to support that growth,” said Ormat CEO Doron Blachar.

“This portfolio PPA provides long-term profitable revenue growth and clear visibility into our portfolio development plans, while solidifying our conviction in the expanded exploration and drilling activities we have undertaken over the past several years that laid the groundwork for securing this significant agreement and others like it.”

Blachar added that the agreement, combined with the extension of geothermal tax credits under the OBBBA framework, strengthens Ormat’s ability to execute its long-term growth strategy.

“The momentum of the Clean Transition Tariff through this agreement with NV Energy, Google and Ormat demonstrates a proven, scalable model for large customers to partner with utilities and technology providers to bring new clean capacity to the grid,” said Briana Kobor, Google’s Head of Energy Market Innovation.

The Clean Transition Tariff enables large energy users to procure new clean generation while covering the full costs of their electric service, a structure designed to prevent cost shifts to other customers.

Ormat said the framework could be replicated in other US electricity markets.

The announcement was well received by investors. Ormat shares rose as much as 8.1 percent intraday, marking the company’s largest single-day gain since 2023.

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

This post appeared first on investingnews.com

Precious metals prices continued to face downward pressure this week as investors took strong US economic data and a changing geopolitical landscape into consideration.

After climbing to fresh all-time highs at the start of 2026, a myriad of factors in February have seemingly taken the sails out gold, silver and platinum prices. However, the underlying fundamentals for the precious metals remain strong, resulting in a resiliency that lends optimism to higher price points to come in 2026.

Let’s take a look at what got spot prices moving over the past week.

Gold price

Gold hit a record high of close to US$5,600 per ounce at the end of January before sliding into one of the largest price drops in decades, dipping as low as US$4,400 as February kicked off.

Over the past week, the metal has oscillated between slumps and cautious recovery. The spot price lost the battle to remain above the key US$5,000 mark in morning trading on February 12, falling to an intraday low of US$4,907.41. February 13 saw gold rebound slightly and trade in a tight range between US$5,000 and US$5,040.

Gold couldn’t hold that level on Monday (February 16), and the next day it began sliding below the US$4,900 support level. Wednesday (February 18) brought some relief, with gold once again fighting to stay above US$5,000.

Gold price chart, February 12, 2026 to February 18, 2026.

Gold price chart, February 12, 2026 to February 18, 2026.

The primary drivers for gold this past week are:

      • Seasonal liquidity is also at play this week as the Lunar New Year holiday, which runs from February 16 to 23, typically results in lower trading volumes.

      In other gold news, the 2026 TSX Venture 50 list was released on Wednesday, with several gold companies named as top performers. The top five gold stocks on the list are: 1911 Gold (TSXV:AUMB,OTCQB:AUMBF), TDG Gold (TSXV:TDG,OTCQX:TDGGF), Omai Gold Mines (TSXV:OMG,OTCQB:OMGGF), Prospector Metals (TSXV:PPP,OTCQB:PMCOF) and Goldgroup Mining (TSXV:GGA,OTCQX:GGAZF).

      Silver price

      Silver has broadly tracked gold’s price movements over the past week.

      However, the white metal has exhibited significantly higher volatility, and the silver spot price is far outside of striking range of its all-time high of more than US$121 per ounce, which it reached on January 29.

      Silver fell by more than 9 percent on February 12 as it followed gold on the downtrend, falling from around US$83 to US$75. On Friday the 13th, silver managed not to scare investors as it traded mostly sideways at the US$77 level.

      For most of Monday and Tuesday (February 17), silver continued to limp along this trend line, but has managed to gain ground, rising from the US$75 level to an intraday high of US$78.24 as of 11:00 a.m. PST on Wednesday.

      Silver price chart, February 12, 2026 to February 18, 2026.

      Silver price chart, February 12, 2026 to February 18, 2026.

      In addition to the macro factors influencing gold, volatility in the silver market has also come from the ups and downs in the artificial intelligence (AI) sector. Silver, the most electrically and thermally conductive metal on the planet, is considered a key material for AI tech, particularly in data centers and high-performance computing.

      Over the past week, the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) has slid from approximately US$50.55 to US$49.94 as of midday on Wednesday, reflecting broader weakness in the sector.

      In other silver news, in its latest annual outlook, published on February 10, the Silver Institute reported that it expects macroeconomic and geopolitical conditions to remain broadly supportive for silver in 2026.

      Platinum price

      On February 12, platinum was trading as high as US$2,136 per ounce in early morning trading, but soon followed its precious metals sisters on a downward slide to an intraday low of US$1,982.50. The metal was back above US$2,070 the next day, and for the first part of this week it’s managed to trade above the US$2,000 level.

      Wednesday was a recovery day for platinum as it reached an intraday high of US$2,122.90 as of 11:00 a.m. PST.

      Platinum price chart, February 12, 2026 to February 18, 2026.

      Platinum price chart, February 12, 2026 to February 18, 2026.

      Platinum is one of the top-performing metals over the past year, reaching 12 year highs in recent weeks. Demand is being driven by the metal’s essential role in the emerging hydrogen economy. It’s also still seeing robust demand from the auto sector despite the emergence of electric vehicles and uneasy consumer confidence in the economy.

      On the supply side, global platinum reserves remain critically low, especially as the world’s biggest producer, South Africa, continues to be plagued by power shortages and operational disruptions.

      This week, Johnson Matthey (LSE:JMAT,OTCPL:JMPLF), Sibanye-Stillwater (NYSE:SBSW) and Valterra Platinum (LSE:VALT,JSE:VAL,OTCPL:AGPPF) launched a multimillion-dollar partnership to develop new platinum-group metals clean energy and industrial technologies outside of the auto sector.

      Palladium price

      Palladium has been the black sheep of the precious metals family for the past few years, remaining well below its March 2022 all-time record of US$3,440.76 per ounce.

      On February 12 it followed the precious metals pack down from US$1,741 to as low as US$1,664.

      After a rebounding above to US$1,783 level on Monday, the following trading today brought much volatility to the metal, which traded in the US$1,670 to US$1,720 range. Platinum managed to to make gains to the upside on Wednesday with an intraday high of US$1,774 as of 11:00 a.m. PST.

      Palladium price chart, February 12, 2026 to February 18, 2026.

      Palladium price chart, February 12, 2026 to February 18, 2026.

      The palladium price is being held down by a slump in demand for electric vehicles and a looming oversupply situation. Analysts at Heraeus Precious Metals predict that the palladium market may move into a surplus in 2026 as secondary supply from recycling increases by 10 percent.

      On that note, an announcement shaping the outlook for palladium on the supply side this past week came from the US Department of Commerce, which issued a preliminary statement of support for anti-dumping duties of approximately 133 percent on unwrought Russian palladium imports.

      This follows a petition from Sibanye-Stillwater over allegations that Russian metal is being sold in the US at less than fair value. A final decision is expected in the case by June of this year.

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

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