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The outcome of the defining conflict between Iran and Israel may depend on one simple number, which is at very best a rough estimate.

Israeli military data and expert analysis say Iran has fired about 700 of its medium-range ballistic missiles (MRBM) at Israel over the past 14 months, leaving it with anything between 300 to 1,300 left in its stockpile.

This remaining arsenal is subject to Israel’s fierce air assault of the past five days, with the IDF saying it has targeted at least a third of the surface-to-surface launchers that fire MRBMs, possibly further reducing Iran’s ability to strike back at Israel.

The depletion of its arsenal may compound Iran’s desire to negotiate its way out of the conflict and also intensify the ferocity of the Israeli campaign in the coming days, analysts have said, as Israeli airpower finds itself almost unchallenged and Iran’s nightly assaults on Israeli cities seem recently to have ebbed.

Few reliable estimates for Iran’s stockpile exist, although US CENTCOM’s commander General Kenneth McKenzie said in 2023 that they had more than 3,000 missiles of different ranges. Behnam Ben Taleblu, a senior fellow at the Foundation for the Defense of Democracies, said likely 1,000 to 2,000 of these were medium-range, capable of spanning the 1,400 kilometers between Iran and Israel. He called the estimate “at best a back-of-the-envelope calculation.”

According to the IDF, Iran used 120 MRBMs in its April 13 attack last year on Israel, another 200 on October 1, and a total of 380 in the past five days. This tally would deplete its overall known arsenal by a total of 700. But whether it leaves Tehran with an existential crisis over its missile deterrence depends on both the size of its initial stockpile, and what damage Israel has done to Iran’s military infrastructure, since it began striking across the country on Friday.

Ben Taleblu suggested this might leave Iran with 1,300 MRBMs. Other estimates were more pessimistic. Dr. Eyal Pinko, a retired Israeli naval intelligence officer, now a senior research fellow at the Begin-Sadat Center for Strategic Studies, said: “Taking into consideration that they fired around 400 to 500 in the last four days and Israel destroyed some of the arsenal of what they had, I believe they have now 800 to 700.”

The few glimpses of the damage done to Iran’s air defenses and missile production from Israeli strikes on October 26 have revealed a significant toll. Admiral Tony Radakin, the UK’s Chief of the Defence Staff, said in a December speech that 100 Israeli aircraft had fired as many missiles from as many miles away and “took down nearly the entirety of Iran’s air defense system. It has destroyed Iran’s ability to produce ballistic missiles for a year.”

But recently Israel has amplified the threat that Iran’s missile production poses. Prime Minister Benjamin Netanyahu said on Friday, as Israel launched its air campaign, that Iran had sped up its manufacture of ballistic missiles to 300 a month, which could leave them with 20,000 in six years. He did not provide evidence for the claim.

Pinko said the 2024 strikes had “destroyed the main facilities for manufacturing ballistic missiles motors” in Iran, creating severe limitations to the country’s supply chain. Still, he notes that potential assistance from China in the coming months could boost production again.

Iran would not want its arsenal of MRBMs to sink “below four digits,” said Ben Taleblu.

“For the Islamic Republic, quantity has a quality of its own,” he said, adding that Iran excels “in crisis management but is actually a poor conventional warfighter. And having to expend these ballistic missiles during a time of war, rather than a time of crisis precisely puts it in this bind.”

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Benjamin Netanyahu is once again firmly in control of Israeli politics.

The country’s longest-serving prime minister has pulled himself back from the abyss with what appears to be a wildly successful opening to a military campaign against Iran.

“Bibi had his Churchill moment,” said one Israeli official from within the coalition, using the prime minister’s nickname.

One day before launching what Israel dubbed Operation Rising Lion, Netanyahu’s government had faced a confidence vote from the opposition.

Two of the ultra-Orthodox parties threatened to vote against the government in what would have put major pressure on Netanyahu. But he survived the vote – with quite some margin.

Twenty-four hours later, Israel began attacking Iran. In one instant, Netanyahu’s political problems were swept away. No more ultra-Orthodox parties complaining about the military draft or far-right parties shouting about praying in the al-Aqsa compound.

“The cards are in his hands. If they weren’t a week ago, they are now,” said the official.

The weekly political protests – first over the judicial reform, then over the war in Gaza – that have dogged Netanyahu for much of his current term quickly vanished, with orders from Israel’s Homefront Command forbidding large gatherings of people. Netanyahu’s testimony in his trial on charges of corruption is on hold and out of the headlines. The stories of the hostages still held in Gaza for more than 600 days of war are no longer front-page news.

Netanyahu is well aware of the political consequences of such a successful military operation, according to an Israeli source in the prime minister’s orbit, though the source insists it’s not his focus right now

“If we are doing something good for Israel, it’s good to us,” the source said. “It’s good for you electorally, it’s good for you with the voters … He will harvest this in the future.”

The source also pointed out the complete reversal of the political opposition from attacking Netanyahu to supporting him.

“This time, we have unity almost all over the Knesset, except from the Arab parties, and we have unity in the people,” said the source.

Iran has been at the center of Netanyahu’s identity for nearly his entire political career. His time as Israel’s longest-serving leader is replete with warnings about Iran. Some have been borderline cartoonish, like when he held up a drawing of a bomb to warn of Tehran’s advancing nuclear program at the United Nations General Assembly in 2012. He has since returned to the same podium – and many others – to lecture the world repeatedly about the intent of the Ayatollahs.

Israel’s existential fear wasn’t a single one of its adversaries. It was all of them combined: an overwhelming attack from Hamas, Hezbollah, Iran and the Shiite proxies in Syria and Iraq. This was Israel’s nightmare scenario that Hamas tried to instigate with its attack on Israel on October 7, 2023.

It quickly became evident that each entity had its own interests.

Hezbollah began launching attacks against Israel on October 8, but it was far from the massive barrages which worried the military’s leadership. Iran launched two retaliatory attacks against Israel last year in April and October. The Houthis began firing drones and ballistic missiles at Israel from Yemen, but never more than one or two at a time.

Over 20 months of war, Israel was able to defang each of its adversaries. Hamas is a shell of its former self, Hezbollah has been shattered, and the Houthis don’t have the arsenal to pose a major threat.

That allowed Israel to turn its focus to Iran without fear of massive retaliation from another front. From Netanyahu’s political perspective, the risk was far lower, especially since Israel’s spy agency has treated Iran like its playground for years.

“At his age, he has much less of a political career left to lose,” Shapiro said. “So it’s easier to throw the caution that held him back in the past to the wind, especially to reach for a career-defining goal.”

But whether the military campaign against Iran buoys Netanyahu’s long-sinking polling numbers is not a foregone conclusion, according to Yohanan Plesner, president of the Israeli Democracy Institute.

Polling in recent months has repeatedly shown Netanyahu far behind political rival Naftali Bennett. Crucially, it has indicated he would fall far short of being able to build a coalition with his current political partners, ousting him from leadership.

The Iran operation may not ultimately deliver the political salvation Netanyahu wants, Plesner said, because it is an issue with broad agreement from the left and the right.

Israel is also mired in the ongoing war in Gaza with no clear exit and lacking a comprehensive day-after plan. A second war, even with far more tangible accomplishments, presents another risk to Netanyahu if it drags on.

“The ability of the government to translate the military successes into an advantageous diplomatic outcome is yet to be determined,” said Plesner.

This post appeared first on cnn.com

Spain’s government said Tuesday that the massive April power outage across Spain and Portugal that left tens of millions of people disconnected in seconds was caused by technical and planning errors that left the grid unable to handle a surge in voltage.

Ecological Transition Minister Sara Aagesen, who manages the nation’s energy policy, told reporters that a voltage surge led to small grid failures, mainly in the south of Spain, which then cascaded to larger ones and brought the system down in the two Iberian Peninsula nations.

She ruled out that the failure was due to a cyberattack.

The outage began shortly after noon on April 28 in Spain and lasted through nightfall, disrupting businesses, transit systems, cellular networks, internet connectivity and other critical infrastructure. Spain lost 15 gigawatts of electricity — or about 60% of its supply. Portugal, whose grid is connected to Spain’s, also went down. Only the countries’ island territories were spared.

“All of this happened in 12 seconds, with most of the power loss happening in just five seconds,” Aagesen said.

Several technical causes contributed to the event, including “poor planning” by Spain’s grid operator Red Eléctrica, which didn’t find a replacement for one power plant that was supposed to help balance power fluctuations, the minister said. She also said that some power plants that utilities shut off preventively when the disruptions started could have stayed online to help manage the system.

Power was fully restored by the early hours of the following day.

The government’s report will be released later on Tuesday – 49 days after the event – and included analysis from Spain’s national security agencies, which concluded, according to the minister, there were no indications of cyber-sabotage by foreign actors.

The government had previously narrowed down the source of the outage to three power plants that tripped in southern Spain.

In the weeks following the blackout, citizens and experts were left wondering what triggered the event in a region not known for power cuts. The outage ignited a fierce debate about whether Spain’s high levels of renewable power and not enough energy generated from nuclear or gas-fired power plants had something to do with the grid failing, which the government has repeatedly denied.

Spain is at the forefront of Europe’s transition to renewable energy, having generated nearly 57% of its electricity in 2024 from renewable energy sources like wind, hydropower and solar. The country is also phasing out its nuclear plants.

Spanish Prime Minister Pedro Sánchez pushed back against such speculation and defended the country’s rapid ramping up of renewables. He asked for patience and said that his government would not “deviate a single millimeter” from its energy transition plans, which include a goal of generating 81% of its electricity from renewable sources by 2030.

This post appeared first on cnn.com

For the first time since the global outbreak of Covid-19, researchers claim to have pierced North Korea’s ironclad information blockade to reveal how some ordinary citizens endured the pandemic.

While Pyongyang insisted for more than two years that not a single case had breached its hermetically sealed borders, a new report paints a far darker picture, of a deadly wave of largely untreated illness that swept the country, but was barely talked about.

The 26-page report also details testimony of deaths by counterfeit or self-prescribed medicine, and official denial leading to a culture of dishonesty.

“Doctors were lying to the patients. Village leaders were lying to the party. And the government was lying to everybody,” said Dr. Victor Cha, one of the report’s lead authors.

Released by the Washington-based Center for Strategic and International Studies (CSIS) in partnership with the George W. Bush Institute, the paper is based on 100 in-person interviews conducted discreetly inside North Korea between September and December 2023.

The testimony – gathered through informal, conversational methods known as “snowball sampling” – span all nine provinces and the capital Pyongyang. The result is what the authors describe as “arguably the first glimpse” inside the country’s most extreme period of isolation in modern history.

Snowball sampling is a recruitment method often used when studying hidden or hard-to-access populations. Researchers begin by identifying one or two trusted participants, who then refer them to others in their networks. Over time, the pool of participants “snowballs,” growing through word-of-mouth and personal trust.

While it lacks the scientific rigor of more conventional surveys, this method is often the only way of getting raw, subjective testimony from people living in repressive and totalitarian states, such as North Korea.

Cha, a former White House adviser and Korea Chair at CSIS, said the findings were evidence of “a total failure on the part of the government to do anything for the people during the pandemic.”

“Everybody was effectively lying to everybody during the pandemic,” he said. “Because of a government policy that said there was no COVID in the country. When they knew there was.”

Cha said Pyongyang’s policy of denial didn’t just attempt to deceive the outside world – it forced North Korea’s more than 26 million people into mutually enforced silence.

When North Korea closed its borders in early 2020 – as the virus made its way across the globe, on its way to infecting and killing millions – state media claimed it had kept the virus out entirely; no infections, no deaths. The world was skeptical. But the regime’s total control over borders and information made independent verification nearly impossible.

Two years later, North Korean television aired scenes of a military parade in Pyongyang. Crowds filled Kim Il Sung Square. Masks were scarce. Not long after, reports of a mysterious “fever outbreak” began appearing in state media. By early May, Pyongyang confirmed its first Covid-19 case. Three months later, it declared victory – claiming just 74 deaths out of nearly 5 million “fever” cases.

But according to the new survey, Covid-19 had by that point been circulating widely inside the country for at least two years.

Ninety-two percent of respondents said they or someone close to them had been infected. Most said 2020 and 2021 – not 2022 – were when outbreaks were at their worst.

“Fevers were happening everywhere, and many people were dying within a few days,” one participant reported. Another, a soldier, described a military communications battalion in which more than half the unit – about 400 soldiers – fell ill by late 2021. In prisons, schools, and food factories, respondents described people collapsing or missing days of work due to fever.

Even under normal conditions, the country’s isolated and underfunded healthcare system struggles to meet the needs of its people. But a pandemic-level event, coupled with official denial and an initial refusal to accept foreign vaccines, left people dangerously exposed, the report claims.

With virtually no access to testing, diagnoses came from Covid-19 symptoms that most of the world had grown familiar with: fever, cough, shortness of breath. Some respondents said even these symptoms were taboo. One woman recalled being told by a doctor that if she said she had those symptoms, “you will be taken away.” Another said bluntly: “They told me it’s a cold, but I knew it was COVID.”

In place of official care, citizens turned to folk medicine: saltwater rinses, garlic necklaces, even opium injections. One woman said her child died after being given the wrong dosage of adult medication. Another respondent described neighbors overdosing on counterfeit Chinese drugs. In total, one in five respondents reported seeing or hearing of deaths due to misuse of medication or fake pharmaceuticals.

Protective gear was nearly nonexistent. Just 8% of respondents said they received masks from the government. Many made their own, reused them, or bought them at black-market prices. One mother said her children had to sew their own because adult-issued masks were too big.

Cha says the failure was not just in what the government withheld, but in how it blocked the kind of grassroots survival that had helped North Korea’s “resourceful” citizens endure past disasters – including the 1990s famine, known inside the country as the “Arduous March.” That crisis gave rise to private marketplaces, which emerged as a lifeline when the state-run ration system collapsed. During the pandemic, however, those markets were shut down – officially to contain the virus, but also, Cha suggests, to limit the spread of information.

“They didn’t allow the people to find coping mechanisms,” he said. “Just shut them down, quarantine them, lock them down – and then provided them with nothing.”

The suffering extended beyond illness. With internal travel banned and markets shuttered, food shortages became acute. Eighty-one percent of those surveyed said they faced hunger. Respondents spoke of trying to survive quarantine periods with no rations, no access to medicine, and no way to seek help.

The rationing system, long unreliable, collapsed entirely under the weight of the lockdown. “If you didn’t have emergency food at home, it was really tough,” one soldier said.

Eighty-seven percent of respondents said they had no access to Covid tests at any point in the pandemic. Fewer than 20% received any vaccine — and most of those were administered only after Pyongyang acknowledged the outbreak in 2022 and accepted limited Chinese assistance. Soldiers reported receiving three shots as part of a campaign later that year. Civilian respondents described group vaccinations administered at schools or workplaces – months after the rest of the world had rolled out full vaccination programs.

Even the basic act of reporting illness became a risk. According to the report, local clinics and neighborhood watch units were required to report cases to central authorities. But only 41% of respondents ever received any information about those reports. Most said the results were either never shared or filtered through rumor. One respondent said: “I realized that serious illnesses and deaths were not reported because they were told not to call it COVID.”

This system of denial created what Cha calls a “double lie”: the government lied to its people, and the people lied to each other and to their government – each trying to avoid quarantine, censure, or worse.

The survey also documented a deep well of frustration with the regime’s response – and its propaganda. One participant said: “Our country can build nuclear weapons, but they can’t give us vaccines.” Others noted the contrast between their conditions and what they heard about other countries: free testing, access to medicine, the ability to travel.

In one of the report’s most striking findings, 83% of respondents said their experience did not align with what the government or its leader Kim Jong Un told them. More than half said they explicitly disbelieved the regime’s Covid-related announcements.

“When I saw the Supreme Leader touting his love for the people, while so many were dying without medicine,” one respondent said, “I thought of all the people who didn’t survive.”

This post appeared first on cnn.com

India and Canada signaled a reset of relations on Tuesday, agreeing to reestablish high commissions in each other’s capitals, after nearly two years of strained ties following Ottawa’s accusations that New Delhi was allegedly involved in the killing of a Sikh separatist on its soil.

Indian Prime Minister Narendra Modi and his Canadian counterpart Mark Carney, who took office in March, announced the move after meeting on the sidelines of the Group of 7 summit in the Canadian Rockies.

Ottawa and New Delhi agreed to “designate new high commissioners, with a view to returning to regular services to citizens and business in both countries,” according to a statement from Carney’s office following their meeting

The move comes nearly two years after former Canadian Prime Minister Justin Trudeau and other Canadian officials publicly accused New Delhi of being involved in the murder of prominent Sikh separatist and Canadian citizen, Hardeep Singh Nijjar, in a Vancouver suburb in 2023.

Canadian authorities said they shared evidence of that with Indian authorities. However, Indian government officials repeatedly denied Canada had provided evidence and called the allegations “absurd and motivated.”

Relations between both countries plummeted in the wake of the accusation, prompting tit-for-tat diplomatic expulsions, the temporary suspension of visa services and allegations from India of Canada harboring “terrorists” and encouraging “anti-India activities” – a claim the Canadian government rejects.

Carney invited the leaders of several other nonmember countries — Brazil, South Africa, Mexico, Ukraine, Australia and South Korea — to also attend this year’s gathering.

There were no signs of tension on Tuesday as Modi and Carney shook hands in the western Canadian province of Alberta with the Canadian prime minister calling it a “great honor” to host the Indian leader at the G7.

“India has been coming to the G7 I believe since 2018… and it’s a testament to the importance of your country, to your leadership and to the importance of the issues that we look to tackle together,” Carney told reporters.

Modi’s comments toward Carney were similarly welcoming.

“Had an excellent meeting with Prime Minister Mark Carney,” he wrote on X. “India and Canada are connected by a strong belief in democracy, freedom and rule of law. PM Carney and I look forward to working closely to add momentum to the India-Canada friendship.”

The Canadian prime minister’s office said the two discussed opportunities to “deepen engagement” in areas such as technology, the digital transition, food security, and critical minerals.

Neither leader publicly mentioned discussing recent strained relations or the killing of Nijjar.

Nijjar, who was gunned down by masked men in June 2023 outside a Sikh temple in Surrey, British Columbia, was a prominent campaigner for an independent Sikh homeland in northern India, which would be known as Khalistan.

Campaigning for the creation of Khalistan has long been considered by New Delhi as a national security threat and outlawed in India – and a number of groups associated with the movement are listed as “terrorist organizations” under Indian law.

But the movement garners a level of sympathy from some in the Sikh community, especially in the diaspora, where activists protected by free speech laws can more openly demand secession from India.

Some demonstrators expressed outrage over Modi’s visit, while others demanded justice over Nijjar’s killing.

When asked about the murder of Nijjar during a news conference after speaking with Modi, Carney said: “There is a judicial process that’s underway, and I need to be careful about further commentary.”

Carney also told CBC’s Radio-Canada last week that he had spoken with Modi about Nijjar, when asked about the Sikh separatist and ongoing police investigation.

This post appeared first on cnn.com

A volcanic eruption in Indonesia sent an enormous ash cloud more than six miles into the sky, disrupting or canceling dozens of flights to and from the tourist island of Bali.

Mount Lewotobi Laki Laki erupted at 5:35pm local time on Tuesday, unleashing a 6.8-mile (11-kilometer) hot ash column over the tourist island of Flores in south-central Indonesia, the country’s Geology Agency said.

Images showed an orange mushroom-shaped cloud engulfing the nearby village of Talibura with sightings reported up to 93 miles (150km) away.

Officials issued the country’s highest alert and urged tourists to stay away.

Dozens of flights were halted in Bali, according to Denpasar International Airport website, which marked the disruptions “due to volcano.”

They included domestic routes to Jakarta and Lombok as well as others to Australia, China, India, Malaysia, New Zealand and Singapore.

Fransiskus Xaverius Seda Airport was closed until Thursday, “to ensure the safety of the passengers,” airport operator AirNav said in an Instagram post.

Singapore’s Changi Airport website shows Jetstar and Scoot canceled flights to Bali Wednesday morning while AirAsia called off its midday flight to the Indonesian capital.

Holidaymakers Athirah Rosli, 31, and her husband Fadzly Yohannes, 33, woke up this morning to discover that their Jetstar flight home from Bail to Singapore was canceled.

“My husband and I looked at new flights, booked more accommodation and insurance and then had breakfast at our hotel,” she said.

“I see it was a blessing in disguise that we’re safe and well.”

Recent rumblings

The volcano’s eruption follows significant volcanic activities, including 50 in two hours, up from the average eight to 10 activities per day.

The 5,197-foot (1,584-meter) twin volcano erupted again Wednesday morning, spewing a 0.62-mile (1km) ash cloud, officials confirmed.

Dozens of residents in two nearby villages were evacuated, according to Avi Hallan, an official at the local disaster mitigation agency.

A danger zone is in place around five miles (8km) from the crater and residents have been warned about the potential for heavy rainfall triggering lava flows in rivers flowing from the volcano.

Tourists affected

More than a thousand tourists have been affected, particularly those traveling to Bali and Komodo National Park, famed for its Komodo dragons, according to a local tour operator.

Mount Lewotobi Laki Laki’s last erupted in May when authorities also raised the alert level to the most severe.

A previous eruption in March forced airlines to cancel and delay flights into Bali, around 500 miles (800km) away, including Australia’s Jetstar and Qantas Airways.

In November, the volcano erupted multiple times killing nine people, injuring dozens and forcing thousands to flee and flights to be canceled.

Indonesian, home to 270 million people, has 120 active volcanoes and experiences frequent seismic activity.

The archipelago sits along the “Ring of Fire,” a horseshoe-shaped series of seismic fault lines encircling the Pacific Basin.

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It took 11 years since Facebook acquired it for $19 billion, but Meta is finally bringing ads to WhatsApp, marking a major change for an app whose founders shunned advertising.

Meta announced Monday that businesses will now be able to run so-called status ads on WhatsApp that prompt users to interact with the advertisers via the app’s messaging features. The ads will only be shown to users within WhatsApp’s “Updates” tab to separate the promotions from people’s personal conversations. Additionally, Meta will begin monetizing WhatsApp’s Channels feature through search ads and subscriptions.

The debut of ads on the messaging app represents a significant step in Meta CEO Mark Zuckerberg’s plans to make WhatsApp “the next chapter” in his company’s history, as he told CNBC’s Jim Cramer in 2022. The move to monetize WhatsApp also comes amid Meta’s high-profile antitrust case with the Federal Trade Commission over the company’s blockbuster acquisitions of the messaging app and Instagram.

Already, Meta allows advertisers to run so-called click-to-message ads on Facebook and Instagram that steer users to WhatsApp where they can directly engage with businesses. Messaging between brands and consumers “should be the next pillar of our business,” Zuckerberg told analysts in April, adding that WhatsApp now has over 3 billion monthly users, including “more than 100 million people in the U.S. and growing quickly there.”

Now, companies can run those kinds of ads within WhatsApp itself. The new status ads appear in a user’s Updates tab within that tab’s “Status” feature that can be used to share pictures, videos and text that vanish after 24 hours, akin to Instagram Stories.

Since Meta bought WhatsApp in 2014, the popular messaging app has continued to grow worldwide. But unlike Facebook, Instagram and most recently Threads, WhatsApp has never allowed advertising.

WhatsApp’s co-founders, Jan Koum and Brian Acton, were public in their scorn for the advertising industry, and the duo left Facebook after reportedly clashing with executives who were eager to inject the app with advertising and other practices they shunned.

The social media company does not reveal WhatsApp’s specific sales, but analysts have previously estimated the app’s revenue to be between $500 million and $1 billion from charging businesses for tools and services so they can message customers on the app.

Meta will “use very basic information” to recommend which ads to show WhatsApp users, Nikila Srinivasan, Meta’s head of product for business messaging, said Friday. This includes a person’s country, city, device, language and data like who they follow or how they interact with ads.

The company debuted WhatsApp’s Updates tab in June 2023 along with an accompanying Channels feature that allows people and organizations to send broadcast messages and updates to their followers as opposed to personal conversations. Meta will also monetize the Channels feature, the company said Monday.

Organizations and people who are Channel administrators will now be able to spend money to boost the visibility of their respective Channels when a person searches for them via a directory, similar to ads on Apple’s and Google’s app stores.

Additionally, channel administrators will be able to charge users monthly subscription fees to access exclusive updates and content, Meta said Monday. The company will not immediately make money from those monthly subscription fees, but it plans to eventually take a 10% cut of those subscriptions, a spokesperson said.

Meta hopes that by limiting its new ads to WhatsApp’s Updates tab it will disrupt users as little as possible, Srinivasan said. Users’ status updates as well as personal messages and calls on WhatsApp will remain encrypted, she said.

“We really believe that the Updates tab is the right place for these new features,” Srinivasan said.

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President Donald Trump’s business organization has announced the creation of a new wireless phone service that will carry the president’s name.

Trump Mobile, as the service will be known, will soon be available for what Donald Trump Jr. described as “real Americans” seeking “true value from their mobile carriers.” The eldest of Trump’s children, who serves as executive vice president of the Trump Organization, which runs the president’s businesses, made the remarks at a press event in New York City on Monday morning alongside his brother Eric Trump, who also oversees the Trump Organization.

According to the TrumpMobile.com website, the plan starts at $47.45 a month, reference to the elder Trump having served as the 45th and 47th president.

By comparison, Boost Mobile and Verizon’s Visible offer similar unlimited service for $25 per month. T-Mobile and Spectrum offer unlimited plans for $30.

Users can change to Trump Wireless while still keeping their existing phones. At the same time, the Trump Organization is also rolling out a $499 gold-colored phone, dubbed the T1, later this year as part of the service’s launch.

The announcement represents another example of the unprecedented line-blurring the president has undertaken by running the country while his branded business ventures continue to operate and make millions.

Late Friday, the president filed financial disclosure forms for 2024 showing hundreds of Trump-branded business ventures in operation as of last year. The Trump Organization, the main corporate entity run by the president’s family, earned more than $57 million from sales of digital tokens launched by its World Liberty Financial cryptocurrency platform. Trump has aggressively wielded the powers of the executive office to threaten businesses whose policies he does not support.

The launch of a wireless phone is a particularly striking case, since it comes as the president seeks to bring more production of electronics, including smartphones, to the United States. Trump has explicitly threatened Apple with tariffs for not making its iPhones stateside. Trump has sought to exert a strong influence over the heavily regulated telecom industry through Brendan Carr, the attorney Trump appointed to lead the Federal Communications Commission. Carr has cited traditional carriers for allegedly abusing workforce diversity requirements and censoring conservative voices.

The White House referred a request for comment to the Trump Organization. It did not respond to a follow-up query asking whether the president planned to use his own branded wireless service or the T1 phone.

According to its website, Trump Mobile is “powered” by Liberty Mobile Wireless. Florida state business records indicate Liberty Mobile was first registered in 2018 by its president and CEO, a Miami-area entrepreneur named Matthew Lopatin. He did not respond to an emailed request for comment.

Representatives for the three major U.S. phone carriers did not respond to requests for comment.

Trump Mobile’s T1 PhoneTrump Mobile

According to its website, Trump Mobile users would be able to receive telemedicine on their phone, roadside assistance and unlimited texting to at least 100 countries.

The service and phone are not actually made by the Trump Organization. The company is licensing the president’s name to a wireless service that is supported by the three major U.S. phone carriers. In a separate appearance with Fox Business host Maria Bartiromo’s “Mornings with Maria” show Monday, Eric Trump said the phones would also be made in the U.S. but did not state the manufacturer. He also said the service’s call center would be based in St. Louis.

The announcement appears to echo one made earlier this month by the trio of actor-hosts of the popular “SmartLess” podcast, who said they were launching their own wireless service by purchasing network capacity from T-Mobile.

Another actor, Ryan Reynolds, has invested in Mint Mobile, which also uses T-Mobile’s network. Both Mint and SmartLess have been pitched as value services for users who don’t have need for unlimited data.

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Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any new products in the U.S. containing those ingredients.

The company said in a release that about 10% of its U.S. items use FD&C colors, the synthetic additives that make many foods more visually appealing. Kraft Heinz brands that sell products with these dyes include Crystal Light, Kool-Aid, MiO, Jell-O and Jet-Puffed, according to a Kraft Heinz spokesperson.

The company removed artificial colors, preservatives and flavors from its Kraft macaroni and cheese in 2016 and its Heinz ketchup has never used artificial dyes, according to Pedro Navio, North America president at Kraft Heinz. It is unclear how removing the dyes will affect the company’s business, as consumers could perceive the products as healthier but also may be less drawn to duller colors.

Cases of Kool-Aid Jammers are stacked at a Costco Wholesale store in San Diego on April 27, 2025.Kevin Carter / Getty Images

The decision follows pressure from the U.S. Food and Drug Administration and Department of Health and Human Services, led by Secretary Robert F. Kennedy Jr., for the food industry to pull back on artificial dyes as part of a larger so-called Make America Healthy Again platform.

The FDA in April announced a plan to phase out the use of petroleum-based synthetic dyes by the end of next year and replace them with natural alternatives. Besides the previously banned Red No. 3, other dyes that will be eliminated include red dye 40, yellow dye 5, yellow dye 6, blue dye 1, blue dye 2 and green dye 2, FDA Commissioner Marty Makary said at the time.

Kennedy said at the time that the FDA and the food industry have “an understanding,” not a formal agreement, to remove artificial dyes. The Health and Human Services secretary discussed removing artificial food dyes during a meeting in March with top food executives from companies including Kraft Heinz, PepsiCo North America, General Mills, WK Kellogg, Tyson Foods, J.M. Smucker and the Consumer Brands Association, the industry’s top trade group.

A spokesperson for Kraft Heinz said on Tuesday that the company looks forward to partnering with the administration “to provide quality, affordable, and wholesome food for all.”

Momentum against food dyes had been building for years. In January, before President Donald Trump and Kennedy took office, the FDA announced a ban on the use of Red No. 3 dye in food and ingested drugs. The dye gives many candies and cereals their bright red color, but is also known to cause cancer in laboratory animals. The FDA allowed Red No. 3 to be used by food manufacturers for years, though the state of California had already banned the dye in 2023.

Kraft Heinz said in the release Tuesday that it has made more than 1,000 recipe changes over the past five years to improve product nutrition.

“The vast majority of our products use natural or no colors, and we’ve been on a journey to reduce our use of FD&C colors across the remainder of our portfolio,” Navio said. “Above all, we are focused on providing nutritious, affordable and great-tasting food for Americans and this is a privilege we don’t take lightly.”

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While the S&P 500 ($SPX) logged a negative reversal on Wednesday, the Cboe Volatility Index ($VIX), Wall Street’s fear gauge, logged a positive reversal. This is pretty typical: when the S&P 500 falls, the VIX rises.

Here’s what makes it interesting: the VIX has quietly crept up in three of the last four days. Before the midday pivot, the VIX hit its lowest level since February 21, 2025. And while that wasn’t the low in February, it was close. As the chart below depicts, back then, the VIX’s intraday low occurred on February 14, 2025, a few days before the SPX topped on February 19.

It wasn’t a screaming sell signal for equities. The S&P 500 was set to follow through on the big cup-with-handle pattern breakout, even though two straight bullish patterns failed in December and January.

Ultimately, the combination of the S&P 500 failing to get much higher than 6,100 and the VIX bouncing near support set the stage for the market rolling over. It was, of course, news-induced, but the market’s character had been changing since December, when breadth first took a major hit.

So, with the VIX closer to that same support zone now than it has been at any time the last few months and the S&P 500 back above 6,000, the pendulum has swung back near the extreme levels where the fireworks began. But there are two major differences now vs. then.

Bullish Patterns Are Working

Bullish patterns weren’t holding up well in December, January, and February (and then again in March). But they are working now.

Let’s not take this for granted. The S&P 500 starts the day with three live bullish patterns, and the index already hit one upside objective (5,840).

Most importantly, the index has extended above the breakout zones of the two biggest ones by 5.4% and 9%, respectively (see charts below). This means it could endure a not-so-small drawdown, and the patterns (and their upside targets) would remain in place. The index had no such cushion in February.

Still No 1% Declines

Since April 21, the S&P 500 has logged just one 1% decline, which now spans 35 trading days. It had 20 over the prior 71 days since January 6, 2025. That’s a rate of 2.8% vs. 28%. We had literally 10 times more 1% declines from January to April 21.

We didn’t see too many 1% losses in the first few weeks of 2025 either (see chart below). But with the index continuously failing at resistance, it just couldn’t leverage the low-volatility environment like it did from late 2023 through late 2024. As described above, in the last two months, the S&P 500 has been capitalizing on breakouts on low two-way volatility.

So, could all of this completely flip again with a massively surprising “unknown unknown” headline? There’s always that risk. And we know about the big collection of sell signals out there (MACD and Demark).

All of this suggests a respite is due. Bulls and bears seem to agree about that. What they don’t agree upon is the severity of that next pullback. There’s no use in trying to predict how far or how damaging it will be, however. As long as the bullish patterns remain intact, the nascent uptrend has a chance to continue in the months to come.

Zooming In: ARKK’s Strong Run

Let’s take a closer look at one of the more popular growth-focused ETFs: ARK Innovation ETF (ARKK). Despite finishing off its highs, ARKK logged its fourth straight gain yesterday and is now up eight of the last nine trading sessions. Over that time, it has fully leveraged the bull flag we mentioned two weeks ago. The target from that pattern is near $67.

ARKK also logged its third straight trading box breakout in the last few days. So, from a short-term pattern perspective, things have continued to work for the stock.

Indicator-wise, ARKK is now officially overbought for the first time since last December. Over the last year, here’s how the ETF has fared after first reaching overbought territory.

Last July, ARKK hit its summer top just a few days after becoming overbought. In November and December (while ARKK’s upswing continued through mid-February), the ETF pulled back to levels below where the relative strength index (RSI) first hit 70 over the ensuing days/weeks both times.

In other words, this is not the best trading setup for new short-term longs. We expect the risk-reward to improve after the next pullback.

ARKK is also approaching the upper threshold of its big two-year trading channel, which could slow things down soon.

The Bottom Line

The S&P 500 is rising slowly and steadily, volatility is still relatively low, and growth plays like ARKK are looking strong, although they may be due for a pullback in the near term. Keep an eye on the chart patterns that are forming and look for investment opportunities on pullbacks.