Iran and the US Both Claim Victory After Hormuz Engagement
Three US Navy destroyers transited the Strait of Hormuz under fire Thursday, triggering the most serious military exchange since the ceasefire took hold in April. What happened next depends entirely on who you ask — and there is documented reason to be skeptical of both answers. US Central Command said the USS Truxtun, USS Rafael […]
Federal Trade Court Strikes Down Trump’s Backup Tariff Plan
A federal trade court has struck down President Trump’s backup tariff plan, dealing the administration its second consecutive legal defeat on broad-based import taxes and leaving it with narrowing options to maintain a global tariff regime. The US Court of International Trade ruled 2-1 on May 7 that Trump’s 10% universal tariff — imposed under […]
CPP Savings Caught in Trump’s War on Wind—Invest in Oil or Lose $120M
The Trump administration has forced a California offshore wind project backed by Canadian pension savings to abandon its development and reinvest the equivalent of its $120 million US lease fees into American oil and gas, or walk away with nothing. Golden State Wind was a floating offshore wind development planned for the Morro Bay Wind […]
Ontario Takes Over Conestoga College After Audit Exposes Salary Scandal, Lavish Spending
The Ford government has dismissed Conestoga College’s entire board of governors and installed a provincial administrator after an audit uncovered “egregious financial decisions” — including a 55% salary hike and an illegal severance payment to the college’s former president. Colleges and Universities Minister Nolan Quinn announced on May 7 that Linda Franklin, former president and […]
Cloudflare Slashes 20% of Workforce in Shift to AI-Driven Operations
Cloudflare (NYSE: NET), a leading cloud services provider, announced a sweeping reduction of its global workforce, cutting approximately 20%, or over 1,100 employees, as part of a strategic pivot to an AI-driven operating model. The layoffs, detailed by CEO Matthew Prince and CFO Michelle Zatlyn, are not tied to individual performance but reflect a broader […]
China Pushes for Iran Conflict Resolution Ahead of Trump-Xi Summit in Beijing
China is intensifying efforts to resolve the ongoing Iran conflict before US President Donald Trump arrives in Beijing for a high-stakes summit with President Xi Jinping on May 14-15. With the war in Iran stretching into its third month and the Strait of Hormuz largely impassable, Chinese Foreign Minister Wang Yi has called for the […]
Amazon Adds Ozempic To Pharmacy Kiosks, Plans Same-Day Delivery
Amazon is deepening its push into high-demand GLP-1 drugs by adding Novo Nordisk’s Ozempic pill to Amazon Pharmacy, pairing kiosk pickup with same-day delivery across roughly 3,000 US cities and towns. The move gives Amazon a bigger role in diabetes drug distribution after earlier expanding access to Novo Nordisk’s Wegovy and Eli Lilly’s Foundayo, two […]
‘Project Freedom’ Set To Resume As Saudi Arabia, Kuwait Lift US Military Restrictions, Says WSJ
Saudi Arabia and Kuwait have lifted restrictions on the use of their military bases and airspace by U.S. forces, clearing a path for the resumption of Project Freedom, a U.S.-led operation to secure commercial shipping through the Strait of Hormuz amid tensions with Iran, as per recent reports by the Wall Street Journal. The decision […]
Boeing Bets On Trump To Unlock China Orders As CEO Joins US Delegation
Boeing shares rose as investors bet that CEO Kelly Ortberg’s expected presence on President Donald Trump’s China trip could help revive a long-stalled aircraft order from Chinese airlines, potentially marking the company’s first major Chinese purchase agreement in nearly nine years. The stock climbed more than 2% in Thursday trading, after touching an intraday high […]
WHO Expects Hantavirus Cases To Rise in Coming Weeks After Deadly Cruise Ship Outbreak
The World Health Organization has warned that more hantavirus cases may emerge in the coming weeks following a deadly outbreak on a cruise ship near the Cape Verde Islands, where three people have died and eight are suspected to be infected. Dr. Tedros Adhanom Ghebreyesus, WHO Director-General, emphasized the virus’s incubation period of up to […]