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Xi Jinping Applauds Kim's 'Socialist Cause' In Warm North Korea State Visit

Zero Hedge -

Xi Jinping Applauds Kim's 'Socialist Cause' In Warm North Korea State Visit

North Korean leader Kim Jong Un warmly greeted Chinese President Xi Jinping in Pyongyang Monday, kicking off Xi's two-day state visit to the internationally isolated country - which is his first trip there in seven years.

Xi has called for deepening "strategic coordination and cooperation" with North Korea shortly after receiving a lavish, red carpet welcome at the airport. The two sides should inject "powerful momentum" into their ties, Xi said according to a readout released by Chinese state media Xinhua.

Xinhua/ZUMA Press

The Chinese leader spoke of a friendship that was 'generational' with the DPRK, in advancement of the 'socialist cause'.

There is plenty that is ideological found within the official readout in the wake of the two leaders' initial meeting, per Xinhua:

No matter how the international situation changes, the Chinese party and government's firm stance on highly valuing China-DPRK traditional friendship will not change, the firm support for General Secretary Kim in leading the DPRK's socialist cause will not change, and the firm commitment to safeguarding the shared interests of the two countries and preserving a favorable strategic environment will not change, Xi said.

Xi pointed out that, in the face of the profound changes unseen in a century that are accelerating across the world, the two sides should take a broad and long-term view, build on past achievements and open up a new future, draw wisdom from the development process of the relations between the two parties and the two countries, seize opportunities in the prevailing trend of human history, inject new contemporary connotations and strong impetus into the traditional friendship between China and the DPRK, and open up a brighter prospect for the socialist cause of the two countries as well as regional peace and development.

This cooperation is expected to be on several fronts, including economics and trade, agriculture, health, construction, as well as science and technology, Xi underscored.

Kim along with his first lady, Ri Sol Ju, enthusiastically greeted Xi and were shown clapping as the Chinese presidential plane touched down earlier in the day. Huge portraits of Xi and Kim have been installed over Pyongyang's main Kim Il Sung Square, where Xi's motorcade was also greeted with big displays of pageantry, including a mounted cavalry escort.

NBC has some interesting commentary which points out that Kim is in a rare position of strength based on some recent firm, anti-West geopolitical stances taken and maintained:

But the North Korean leader is playing host from a position of rare strength, and his country has come a long way since Xi Jinping’s last visit seven years ago.

Kim’s backing of Russia’s war with Ukraine has paid dividends, his weapons program has cemented North Korea’s status as a de facto nuclear state, and an economy that buckled under the pressure of pandemic isolation and sanctions has since rebounded.

Indeed, Kim has of late been aggressively hyping his country's nuclear modernization and expanse program. There's not doubt he's also closely following and taking notes on the Iran crisis. 

Iran, which does not yet have nuclear weapons status, has been attacked by the United States and Israel - and so Pyongyang sees its nuclear expanse path as more justified than ever at this point, also given Washington still views North Korea as a 'pariah' state.

Another interesting development mentioned in state media relates to efforts to open borders: "Xi called on both sides to leverage the opportunity of the full reopening of border crossings and the resumption of civil aviation flights and international passenger trains to increase people-to-people exchanges and foster mutual interaction," wrote Xinhua.

Tyler Durden Mon, 06/08/2026 - 18:50

Xi Jinping Applauds Kim's 'Socialist Cause' In Warm North Korea State Visit

Zero Hedge -

Xi Jinping Applauds Kim's 'Socialist Cause' In Warm North Korea State Visit

North Korean leader Kim Jong Un warmly greeted Chinese President Xi Jinping in Pyongyang Monday, kicking off Xi's two-day state visit to the internationally isolated country - which is his first trip there in seven years.

Xi has called for deepening "strategic coordination and cooperation" with North Korea shortly after receiving a lavish, red carpet welcome at the airport. The two sides should inject "powerful momentum" into their ties, Xi said according to a readout released by Chinese state media Xinhua.

Xinhua/ZUMA Press

The Chinese leader spoke of a friendship that was 'generational' with the DPRK, in advancement of the 'socialist cause'.

There is plenty that is ideological found within the official readout in the wake of the two leaders' initial meeting, per Xinhua:

No matter how the international situation changes, the Chinese party and government's firm stance on highly valuing China-DPRK traditional friendship will not change, the firm support for General Secretary Kim in leading the DPRK's socialist cause will not change, and the firm commitment to safeguarding the shared interests of the two countries and preserving a favorable strategic environment will not change, Xi said.

Xi pointed out that, in the face of the profound changes unseen in a century that are accelerating across the world, the two sides should take a broad and long-term view, build on past achievements and open up a new future, draw wisdom from the development process of the relations between the two parties and the two countries, seize opportunities in the prevailing trend of human history, inject new contemporary connotations and strong impetus into the traditional friendship between China and the DPRK, and open up a brighter prospect for the socialist cause of the two countries as well as regional peace and development.

This cooperation is expected to be on several fronts, including economics and trade, agriculture, health, construction, as well as science and technology, Xi underscored.

Kim along with his first lady, Ri Sol Ju, enthusiastically greeted Xi and were shown clapping as the Chinese presidential plane touched down earlier in the day. Huge portraits of Xi and Kim have been installed over Pyongyang's main Kim Il Sung Square, where Xi's motorcade was also greeted with big displays of pageantry, including a mounted cavalry escort.

NBC has some interesting commentary which points out that Kim is in a rare position of strength based on some recent firm, anti-West geopolitical stances taken and maintained:

But the North Korean leader is playing host from a position of rare strength, and his country has come a long way since Xi Jinping’s last visit seven years ago.

Kim’s backing of Russia’s war with Ukraine has paid dividends, his weapons program has cemented North Korea’s status as a de facto nuclear state, and an economy that buckled under the pressure of pandemic isolation and sanctions has since rebounded.

Indeed, Kim has of late been aggressively hyping his country's nuclear modernization and expanse program. There's not doubt he's also closely following and taking notes on the Iran crisis. 

Iran, which does not yet have nuclear weapons status, has been attacked by the United States and Israel - and so Pyongyang sees its nuclear expanse path as more justified than ever at this point, also given Washington still views North Korea as a 'pariah' state.

Another interesting development mentioned in state media relates to efforts to open borders: "Xi called on both sides to leverage the opportunity of the full reopening of border crossings and the resumption of civil aviation flights and international passenger trains to increase people-to-people exchanges and foster mutual interaction," wrote Xinhua.

Tyler Durden Mon, 06/08/2026 - 18:50

Researchers Identify World's Largest Scorpion That Roamed Earth 415 Million Years Ago

Zero Hedge -

Researchers Identify World's Largest Scorpion That Roamed Earth 415 Million Years Ago

Authored by Maria Mocerino via Interesting Engineering,

The University of Manchester has discovered that the world's largest scorpion, which lived 415 million years ago, was hiding in the museum's collection for 150 years.

Since the 1870s, researchers have debated the identity of the strange fossil remains lurking in the Manchester archives. They possessed tiny fragments recovered from sites in England and Wales that puzzled them, but they could not piece them together. Was it a large woodlouse-crustacean?

Life reconstruction of Praearcturus gigas.Franz Anthony High Res

In the 1980s, some research suggested that a scorpion might be the source of the fossil remains. However, this hypothesis faced challenges due to a lack of fossil evidence of its most distinctive feature: its tail.

To resolve the debate, paleontologists conducted a study of the remains using modern imaging and analytical techniques, according to a press release from the University of Manchester. They were "able to build a clearer picture of the animal than was previously possible, which is really exciting."

The 3.3-foot-long Praearcturus gigas scorpion now joins the ranks of Earth's ferocious prehistoric beasts, boasting pincers 6.2 inches long. As it roamed the Earth over 400 million years ago, researchers sought to understand the factors that allowed this prehistoric predator to grow to such an astonishing size.

The T. Rex of Scorpions

According to the study authors, "Along with dinosaurs, mammoths, and other charismatic megafauna, giant arthropods are an iconic symbol of the Earth's deep paleontological history in popular culture."

Lead author Dr. Richard J. Howard, Curator of Fossil Arthropods at the Natural History Museum in London, described the imagery often associated with giant arthropods: "Carboniferous rainforests filled with giant millipedes or dragonfly-like insects... but Praearcturus lived at least 50 million years earlier, well before the evolution of trees, when life on land was just beginning."

In other words, researchers may have identified the T. rex of arthropods nearly two hundred million years before the rise of the dinosaurs. The Praearcturus gigas lived during the Early Devonian period - a time when forests had not yet evolved - so this giant scorpion lived among small plants and fungi, as per the press release.

What Did It Eat?

Researchers were stunned: how did the scorpion grow to such a size, surrounded by relatively unassuming and unimposing neighbors? The answer lies in its lack of competition. As few large animals were present at that time, Praearcturus was free to become a predatory giant, according to the NYPost.

Furthermore, the "cool" creature, which might inspire a new figurine in a child's toy collection, may have been partially aquatic, as suggested by its epimera - the descending lateral plates or flaps found on the bodies of crustaceans.

Dr. Howard stated in Live Science, "Without complex ecosystems to support Praearcturus on land, these animals probably spent part of their lives hunting in water." The Praearcturus was even "before its time," and its extraordinary size might be explained by one factor: water.

"This places Praearcturus at a pivotal moment in Earth's history when animals were first experimenting with life outside the oceans," as per a press release.

"The boundary between land and sea was much less defined at this time," Dr Greg Edgecombe, Merit Researcher at the Natural History Museum, London, and co-author of the study, continued. "Praearcturus gives us a fascinating glimpse into how early animals adapted to these changing environments."

"It may even represent a lineage that returned to the water after earlier ancestors had already begun living on land," AOL concludes.

You can read the study here.

Tyler Durden Mon, 06/08/2026 - 18:25

Researchers Identify World's Largest Scorpion That Roamed Earth 415 Million Years Ago

Zero Hedge -

Researchers Identify World's Largest Scorpion That Roamed Earth 415 Million Years Ago

Authored by Maria Mocerino via Interesting Engineering,

The University of Manchester has discovered that the world's largest scorpion, which lived 415 million years ago, was hiding in the museum's collection for 150 years.

Since the 1870s, researchers have debated the identity of the strange fossil remains lurking in the Manchester archives. They possessed tiny fragments recovered from sites in England and Wales that puzzled them, but they could not piece them together. Was it a large woodlouse-crustacean?

Life reconstruction of Praearcturus gigas.Franz Anthony High Res

In the 1980s, some research suggested that a scorpion might be the source of the fossil remains. However, this hypothesis faced challenges due to a lack of fossil evidence of its most distinctive feature: its tail.

To resolve the debate, paleontologists conducted a study of the remains using modern imaging and analytical techniques, according to a press release from the University of Manchester. They were "able to build a clearer picture of the animal than was previously possible, which is really exciting."

The 3.3-foot-long Praearcturus gigas scorpion now joins the ranks of Earth's ferocious prehistoric beasts, boasting pincers 6.2 inches long. As it roamed the Earth over 400 million years ago, researchers sought to understand the factors that allowed this prehistoric predator to grow to such an astonishing size.

The T. Rex of Scorpions

According to the study authors, "Along with dinosaurs, mammoths, and other charismatic megafauna, giant arthropods are an iconic symbol of the Earth's deep paleontological history in popular culture."

Lead author Dr. Richard J. Howard, Curator of Fossil Arthropods at the Natural History Museum in London, described the imagery often associated with giant arthropods: "Carboniferous rainforests filled with giant millipedes or dragonfly-like insects... but Praearcturus lived at least 50 million years earlier, well before the evolution of trees, when life on land was just beginning."

In other words, researchers may have identified the T. rex of arthropods nearly two hundred million years before the rise of the dinosaurs. The Praearcturus gigas lived during the Early Devonian period - a time when forests had not yet evolved - so this giant scorpion lived among small plants and fungi, as per the press release.

What Did It Eat?

Researchers were stunned: how did the scorpion grow to such a size, surrounded by relatively unassuming and unimposing neighbors? The answer lies in its lack of competition. As few large animals were present at that time, Praearcturus was free to become a predatory giant, according to the NYPost.

Furthermore, the "cool" creature, which might inspire a new figurine in a child's toy collection, may have been partially aquatic, as suggested by its epimera - the descending lateral plates or flaps found on the bodies of crustaceans.

Dr. Howard stated in Live Science, "Without complex ecosystems to support Praearcturus on land, these animals probably spent part of their lives hunting in water." The Praearcturus was even "before its time," and its extraordinary size might be explained by one factor: water.

"This places Praearcturus at a pivotal moment in Earth's history when animals were first experimenting with life outside the oceans," as per a press release.

"The boundary between land and sea was much less defined at this time," Dr Greg Edgecombe, Merit Researcher at the Natural History Museum, London, and co-author of the study, continued. "Praearcturus gives us a fascinating glimpse into how early animals adapted to these changing environments."

"It may even represent a lineage that returned to the water after earlier ancestors had already begun living on land," AOL concludes.

You can read the study here.

Tyler Durden Mon, 06/08/2026 - 18:25

House Report Finds Minnesota Officials Ignored Fraud To Avoid Racism Accusations

Zero Hedge -

House Report Finds Minnesota Officials Ignored Fraud To Avoid Racism Accusations

A House Committee on Oversight and Government Reform report released Monday paints a devastating picture of both Minnesota Gov. Tim Walz and state Attorney General Keith Ellison, finding that they both knew about widespread fraud in state social services programs and failed to act.

The report centers on the Feeding Our Future scandal, in which a Minnesota-based nonprofit systematically exploited federal COVID-19 relief funds intended to provide meals to children.

So far, more than 60 people have already been found guilty of fraud in connection with the scheme, the majority of whom are of Somali descent. Some defendants used stolen taxpayer money to buy luxury goods, while others funneled proceeds to a radical Islamic terrorist group operating in Somalia. At least $300 million in federal child nutrition funds were placed at serious risk, and approximately $9 billion in Medicaid losses resulted from the broader fraud environment state officials allowed to fester.

"Fraud warnings were elevated to the most senior levels of the Minnesota state government, meaningful corrective action was delayed or avoided, and payments continued long after credible signs of fraud emerged," the report states.

Senior officials in Walz's office and Ellison's office knew about systemic fraud concerns as early as 2019 within the Minnesota Department of Human Services and, by April 2020, within the state Department of Education, the report says, directly contradicting Walz's and Ellison's public statements.

This matters because both men held legal authority to cut off payments to fraudulent operators. Neither exercised it, even though Walz was aware of the suspected fraud in Feeding Our Future by 2020, and the payments continued.

The fraudsters didn't just know how to exploit the system for financial gain; they knew how to blackmail state officials to keep their scheme going. When workers inside the Department of Education tried to audit child care and nutrition programs, providers accused them of racism. The accusation worked. Officials backed down despite holding evidence that funds were being fraudulently diverted. Dozens of human services department staff were warned, explicitly, that raising fraud concerns would get them labeled as racists and damage the government's reputation. Some were pulled into supervisory meetings. Others were excluded from the very internal discussions about the fraud they had flagged.

And the directive to look the other way from the fraud came from the top down. One Minnesota Department of Education official who first contacted the FBI about Feeding Our Future told investigators her supervisors pressured her to stop investigating "at every turn" and that she got her "hand slapped" for continuing to look into it. Staff feared reporting fraud to the Homeland Security Office of Inspector General because that agency would notify the Commissioner or HR, who would then retaliate against them. The internal culture the Walz administration built was one in which accountability was the threat, not the fraud.

Rather than combating the fraud, the Walz administration spent resources monitoring employees to keep them in line. The priority, the report shows, was getting ahead of press coverage about the fraud, not stopping it.

"Minnesota Governor Tim Walz and Attorney General Keith Ellison are responsible for one of the most stunning oversight failures this Committee has ever examined," Oversight Committee Chairman James Comer said in a statement. "Today's report is the culmination of months of investigative work and reveals hard evidence showing how the Walz Administration failed to stop widespread fraud, allowing criminals to enrich themselves at the expense of American taxpayers. Billions of dollars were stolen because Minnesota state leaders turned a blind eye to rampant fraud and retaliated against state employees who dared to raise concerns. It is now clear the Walz Administration chose to protect the system rather than protect the taxpayer."

The report makes clear that this fraud wasn't some bureaucratic mistake or a problem that went unnoticed. Senior officials were repeatedly warned about what was happening. They chose not to act in order to preserve their political relationship with Minnesota's Somali community, manage the fallout, and sideline the employees who were raising red flags and trying to stop it.

Tyler Durden Mon, 06/08/2026 - 18:00

House Report Finds Minnesota Officials Ignored Fraud To Avoid Racism Accusations

Zero Hedge -

House Report Finds Minnesota Officials Ignored Fraud To Avoid Racism Accusations

A House Committee on Oversight and Government Reform report released Monday paints a devastating picture of both Minnesota Gov. Tim Walz and state Attorney General Keith Ellison, finding that they both knew about widespread fraud in state social services programs and failed to act.

The report centers on the Feeding Our Future scandal, in which a Minnesota-based nonprofit systematically exploited federal COVID-19 relief funds intended to provide meals to children.

So far, more than 60 people have already been found guilty of fraud in connection with the scheme, the majority of whom are of Somali descent. Some defendants used stolen taxpayer money to buy luxury goods, while others funneled proceeds to a radical Islamic terrorist group operating in Somalia. At least $300 million in federal child nutrition funds were placed at serious risk, and approximately $9 billion in Medicaid losses resulted from the broader fraud environment state officials allowed to fester.

"Fraud warnings were elevated to the most senior levels of the Minnesota state government, meaningful corrective action was delayed or avoided, and payments continued long after credible signs of fraud emerged," the report states.

Senior officials in Walz's office and Ellison's office knew about systemic fraud concerns as early as 2019 within the Minnesota Department of Human Services and, by April 2020, within the state Department of Education, the report says, directly contradicting Walz's and Ellison's public statements.

This matters because both men held legal authority to cut off payments to fraudulent operators. Neither exercised it, even though Walz was aware of the suspected fraud in Feeding Our Future by 2020, and the payments continued.

The fraudsters didn't just know how to exploit the system for financial gain; they knew how to blackmail state officials to keep their scheme going. When workers inside the Department of Education tried to audit child care and nutrition programs, providers accused them of racism. The accusation worked. Officials backed down despite holding evidence that funds were being fraudulently diverted. Dozens of human services department staff were warned, explicitly, that raising fraud concerns would get them labeled as racists and damage the government's reputation. Some were pulled into supervisory meetings. Others were excluded from the very internal discussions about the fraud they had flagged.

And the directive to look the other way from the fraud came from the top down. One Minnesota Department of Education official who first contacted the FBI about Feeding Our Future told investigators her supervisors pressured her to stop investigating "at every turn" and that she got her "hand slapped" for continuing to look into it. Staff feared reporting fraud to the Homeland Security Office of Inspector General because that agency would notify the Commissioner or HR, who would then retaliate against them. The internal culture the Walz administration built was one in which accountability was the threat, not the fraud.

Rather than combating the fraud, the Walz administration spent resources monitoring employees to keep them in line. The priority, the report shows, was getting ahead of press coverage about the fraud, not stopping it.

"Minnesota Governor Tim Walz and Attorney General Keith Ellison are responsible for one of the most stunning oversight failures this Committee has ever examined," Oversight Committee Chairman James Comer said in a statement. "Today's report is the culmination of months of investigative work and reveals hard evidence showing how the Walz Administration failed to stop widespread fraud, allowing criminals to enrich themselves at the expense of American taxpayers. Billions of dollars were stolen because Minnesota state leaders turned a blind eye to rampant fraud and retaliated against state employees who dared to raise concerns. It is now clear the Walz Administration chose to protect the system rather than protect the taxpayer."

The report makes clear that this fraud wasn't some bureaucratic mistake or a problem that went unnoticed. Senior officials were repeatedly warned about what was happening. They chose not to act in order to preserve their political relationship with Minnesota's Somali community, manage the fallout, and sideline the employees who were raising red flags and trying to stop it.

Tyler Durden Mon, 06/08/2026 - 18:00

On The Kavanaugh Anniversary, Democratic Leaders Swap Me Too For Maine

Zero Hedge -

On The Kavanaugh Anniversary, Democratic Leaders Swap Me Too For Maine

Authored by Jonathan Turley,

...on the eighth anniversary of the Kavanaugh nomination. It now appears that there are some women who are not to be believed... when the Senate may be in the balance..

“It’s clear the fix is in.”

Those words from Sen. Elizabeth Warren (D-Mass.). came with her vote against confirming Brett Kavanaugh to the Supreme Court. Warren was outraged that her fellow senators refused to believe a woman who came forward with a decades-old allegation against Kavanaugh that lacked any corroboration.

It now appears that Kavanaugh’s former accusers are making the case that he was treated unjustly at their hands. At least they are now willing to swap “Me Too” for Maine.

Warren’s words were part of a mantra from Democratic members that either you believe women about sexual harassment and assault, or you are enabling abusers.

It was almost exactly eight years ago, in July 2018, that President Trump nominated Kavanaugh to fill the seat of retiring Associate Justice Anthony Kennedy. Kavanaugh, who was at first a very uncontroversial nominee, suddenly became the target of a well-financed, well-orchestrated campaign that would continue to resonate in that fall’s election campaigns. At the time, your failure to accept the word of Christine Blasey Ford that Kavanaugh had assaulted her in high school was just proof that you and the system were sexist.

Long after the Senate confirmed Kavanaugh, the left continued to claim that his presence on the Supreme Court “rests on a mountain of misogyny.” In Ms. Magazine, actress Kathleen Turner reminded people that not believing women was furthering misogyny: “Survivors who come forward break the rules of silence a sexist society demands, and society expects them to pay a price.”

If you recall, the lack of evidence led to the Senate Judiciary Committee combing through Kavanaugh’s personal calendars. Denials that such a thing had ever happened, coming from childhood friends, were treated as still more evidence of sexism.

Screenshot/Judiciary Committee

There was Sen. Sheldon Whitehouse (D-R.I.), who grilled Kavanaugh about using the term “boofing” (apparently referring to passing gas) with a high school friend as if it were a confession to a rape.

His inquisitorial barrage was something straight out of the McCarthy period.

Whitehouse expressed disgust that some would not take Ford’s word for it, declaring, “Today I stand with women who are brave enough to come forward with their stories of abuse and mistreatment. They deserve to be heard and credible allegations must be investigated. We must believe survivors, not bully them.”

Whitehouse is now a major donor and supporter of Graham Platner, the leading Democratic candidate for U.S. Senate from Maine.

He dismisses the New York Times accounts from women of Platner’s physically and mentally abusive behavior.

Instead of believing these women, he reportedly attacked Lyndsey Fifield, who “bravely” came forward publicly with her story at the request of Times reporters.

Whitehouse is quoted as saying that he was “unimpressed” by the allegations and the multiple women coming forward “seems like a lot of nothing.” He suggested that he is not prepared to believe a woman if she is a conservative. “I mean, the only one who had anything to say that seemed ‘unsettling’ was a woman who works for right-wing political operations,” he said.

That attack was picked up by others like writer Krystal Ball. She too had denounced those who did not believe Ford in the Kavanaugh controversy. In the past, she claimed at that time, “women just didn’t come forward. They knew they wouldn’t be believed.”

Now she cannot imagine why anyone would believe these women, particularly Fifield. “NYT published uncorroborated accusations against [Platner] of ‘unsettling’ and ‘toxic’ behavior that came from a Heritage staffer who previously worked for a conservative org that backs Collins,” she posted online.

Fifield, after sharing stories with the Times of Platner’s alleged abusive behavior, went public to complain that the newspaper had failed to include the corroboration she had provided. She posted that the paper not only failed to include that she has supported Democrats for office, but also asked, “Why does it say ‘nobody could corroborate’ when I offered them sources that COULD corroborate?”

She added, “The Times also failed to include any mention that I DID confide in multiple friends through the years that Graham had been abusive — long before he was running for office. Those friends confirm they told the Times so.”

If true, that is a strikingly different approach from the one taken by the media in reporting on the Kavanaugh allegations.

All the familiar faces are now attacking or dismissing these allegations.

That includes Rep. Ro Khanna (D-Calif.), who campaigned for Platner this week. Khanna had previously pounded his chest in public over the Kavanaugh allegations: “I believe Dr. Christine Blasey Ford.”

Some of the usual suspects are now quiet, and for good reason. Former New York Gov. Andrew Cuomo (D) and former Rep. Eric Swalwell (D-Calif.) dismissed Kavanaugh’s claims of innocence but later resigned from their respective offices after accusations of misconduct and harassment.

Of course, the sexual misconduct and mistreatment of women is not the only controversy surrounding Platner, who has reportedly ridiculed a wounded veteran, dismissed rape victims, and made other comments on his since-deleted Reddit account about Blacks and rural Mainers that would be considered disqualifying for most candidates. He made many other posts that were deeply offensive and some that were, frankly, gross.

Nevertheless, figures like Senate Minority Leader Chuck Schumer (D-N.Y.) would not even address the allegations, simply repeating awkwardly, “We’re going to … take back the Senate.”

Back in 2018, Schumer was proclaiming on the Senate floor, “For too long, when women have made serious allegations of abuse, they have been ignored. That cannot happen in this case.”

For her part, Sen. Kirsten Gillibrand (D-N.Y.) proclaimed her faith in any woman making such allegations in 2018. Now, she repeats, like Schumer, “I’m very optimistic we’re going to win Maine.”

In “A Man for All Seasons,” there is a scene where Sir Thomas More confronts Richard Rich, a former protege who lied in court to convict him in exchange for being named attorney general of Wales. As Rich passes by, More asks: “For Wales? Why, Richard, it profits a man nothing to give his soul for the whole world … but for Wales!”

The response by Democratic leaders today appears to be, “Well, yeah — not for Wales, but we’ll do it for Maine.”

Jonathan Turley is a law professor and the New York Times best-selling author of “Rage and the Republic: The Unfinished Story of the American Revolution.“

Tyler Durden Mon, 06/08/2026 - 17:40

Campbell's CEO Serves Up Warning For Restaurants As "Resilient" At-Home Cooking Trend Gains Steam

Zero Hedge -

Campbell's CEO Serves Up Warning For Restaurants As "Resilient" At-Home Cooking Trend Gains Steam

There is not much to get excited about in canned-soup maker Campbell's third-quarter results, with sales slumping and softness in its snack unit weighing on performance. But one revealing detail from management's earnings call earlier on Monday offers a broader read-through on the consumer: households may be spending much more time cooking at home and pulling back from restaurants in the second half of the year. 

The canned-soup maker reaffirmed its full-year outlook, but Wall Street analysts were muted on the third-quarter results. 

BNP Paribas Max Gumport told clients that two key concerns remain: Campbell's ability to stabilize organic sales in the snack unit and to navigate another year of elevated inflation. He noted the quarterly beat was driven largely by SG&A and below-the-line items, while the guidance reaffirmation was partly supported by an expected fourth-quarter tariff refund benefit. 

Third-quarter adjusted EPS printed at 50 cents, beating the 48-cent Bloomberg Consensus estimate but down from 73 cents in the same period one year ago. Net sales fell 4.4% to $2.37 billion, slightly below estimates. Organic net sales declined 4%, worse than the 3.3% drop analysts tracked by Bloomberg expected, with both meals & beverages and snacks down 4%.

Margins remained pressured. RBC Capital analyst Nik Modi said, "The company is navigating a challenging environment marked by inflation-driven margin headwinds and tariff impacts, which compressed adjusted gross margins by -240 bps points." 

Campbell's still expects full-year adjusted EPS of $2.15 to $2.25, versus the Bloomberg Consensus of $2.17, and organic net sales to fall 1% to 2%, versus the estimate of -2.14%. 

Notice how Campbell shares were crushed in the era of food inflation.

After the earnings release, Campbell's held an analyst call.

David Palmer, senior managing director and head of restaurant and food producers at Evercore ISI, asked Campbell's CEO Mick Beekhuizen about trends surrounding the snack-related portfolio:

Obviously, heading into fiscal '27, you're going to be dealing with the inflation you talked about, and the choices you're making around snacks and those things will be cause for noise and varying degrees of sales or profit pressure. But I'm wondering if you're just thinking about your core businesses and the goal of returning those to at least some modest growth, profitable growth. Where do you think are the near and medium-term potential wins, most improved areas that we'll see from organic sales perspective? And then I have a quick follow-up.

Beekhuizen's response revealed one very important trend: he expects at-home cooking to remain resilient in the back half of the year.

His response:

Sure. even if you look at this quarter, I'll highlight a couple of areas, and I appreciate you asking the question because there are very clear proof points in this quarter that we can continue to support. Within the meals & beverage portfolio, the at-home cooking consumer trend is resilient, and we expect that trend to continue. And that is a big part of our meals & beverage portfolio plays right into that consumer trend.

The at-home cooking comment piqued our interest because it dovetails with a recent UBS note from analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who expects restaurant spending to remain in a "difficult cycle" through the second half of the year. That only lends credibility to Beekhuizen's view that consumers are likely to continue leaning into home meals as mounting macro pressures weigh on discretionary dining. 

Tyler Durden Mon, 06/08/2026 - 17:20

From The City Of Angels To The City Of Zombies...

Zero Hedge -

From The City Of Angels To The City Of Zombies...

Authored by James Howard Kunstler,

The Jungle Drums Speak!

"Love that the crack heads on Skid Row are up on the issues, know the candidates, and are able to Make Their Voices Heard in between hits of meth."

- Peachy Keenan on X

Whaddaya know? Looks like the charismatic Nithya Raman has overtaken maverick candidate Spencer Pratt in the Los Angeles mayoral “jungle” primary because. . . jungle reasons. That is, the denizens of LA’s vast homeless encampments — once known as “hobo jungles” — apparently voted overwhelmingly by mail for the Harvard-credentialed champion of street-junkies in the Silver Lake, Echo Park, Los Feliz, Atwater, and Hollywood neighborhoods (SELAH) she represents on the LA City Council.

LA Mayoral Candidate, Nithya Ramen, Champion of the Down-and-Out

So, it will be a November runoff between the super-duper “progressive” incumbent Karen Bass, and merely super-progressive Ms. Ramen. Better reserve your U-Haul trailer ASAP, as the City of Angels completes its transformation to the City of Zombies. And no complaining, please. This is what you voted for.

By the way, what does “progressive” actually mean these days? Progress towards. . . what? The culminating disintegration of a civil polity? The concerted failure to govern a large, urban organism? Unconditional surrender to the forces of entropy? One might suspect a soupçon of racial animus in the mix, too, something of a middle-finger to this thing called white supremacy we hear so much about. It must be rooted out at all costs, including the cost of a place that a productive population once loved — the very people renting all those U-Hauls, dispersing out into the USA gloaming.

Of course, this “progressive” Democratic Party has transformed itself in a decade or so into an out-and-out racketeering operation, that is, to a criminal enterprise dedicated to the misappropriation of taxpayer money among its rank and file, many of whom are not citizens. The model is not unlike more primitive early versions, such as Boss Tweed’s ring in 19th century New York, or the gang under mayor James Curley, the “Rascal King” of Boston. The system was known as “patronage.” Voters were the party’s patrons, and the patrons were on the payroll. Some had actual party jobs. Some just got free stuff in exchange for their votes. They called it a “machine” because its operations became automatic, self-fulfilling.

There was one big difference, though: these earlier Democratic Party grifters, for all their moneygrubbing shenanigans, were American patriots. They celebrated a country so ostentatiously “free,” so fervently dedicated to upward mobility, that it made room for their garish political corruption. The Democratic machine of Los Angeles today is quite the opposite: It’s a faction that loathes and detests the American system and seeks sedulously to destroy it, even while grabbing as much loot as it can in the process.

Mayor Karen Bass was trained for that mission in Cuba. Beginning at age 19, in 1973, Ms. Bass made eight trips there with the Venceremos Brigade (founded in 1969 by the Lefty-left SDS) to “show solidarity with the Cuban revolution,” which, you might remember, was a straight-up communist revolution. One might infer, then, that Mayor Bass is a straight-up communist, with ambitions to destroy the capitalist city of Los Angeles, so as to replace it with a communist utopia — where all production (if there is any) is owned and controlled by the government, which then dispenses the fruits-of-production to the people, according to their needs, as officers of the government see fit.

In such a system, history shows, the people enjoy no ability to make decisions for themselves about what sort of work to pursue for their own improvement and well-being — what we call economic liberty. That’s all left to the political office-holders, the kommisars, the decision-makers, who tell everybody else what to do (because, you see, they know better). It has not worked too well in practice, as the collapse of Soviet Russia demonstrated, and the imminent collapse now of Cuba, will validate.

This is also exactly what you see in the aftermath of the Los Angeles fires of 2025. There was the fiasco of the fire itself in which everything that could go wrong, did go wrong, in the way of prevention and mitigation. The incompetence of Los Angeles city officials was so total — from the mayor’s absence in Africa, the fire chief’s cluelessness, the empty reservoirs, the broken fire hydrants, etc. — that Pacific Palisades and Altadena across town got completely destroyed. In the eighteen months since, the city’s bureaucracy (with “help” from the state) has made sure that next-to-nothing can be rebuilt. Since a large number of people employed in the movie industry lived in these places, and were left financially ruined, Karen Bass’s government has also neatly helped destroy the city’s signature business. . . a home run for communists!

Marxian economic theory is appealing to those who hate and oppose the natural fact that not all outcomes in human life are equal, who resent with red-hot passion the human tendency to social hierarchy, and work fanatically to defeat it. They never do, of course. In communist revolutions hierarchy always reorganizes itself — only within the party structure itself, while all extra-party human effort is outlawed. In California, as in the other “blue” states and cities, Democratic Party leaders perch in the upper branches of the social hierarchy while they cream-off all available revenue streams.

If you suspect there’s something shady about the California election system, you might be onto to something. President Trump thinks this is the case, and said so pretty forcefully on Sunday in his confab with the argumentative Kirsten Welker of NBC’s Meet the Press show. “There’s no evidence!” Ms. Welker repeated strenuously, of voting irregularity, either in this month’s California jungle primary, or in the 2020 national election. You think? I guess we’ll see about that.

Remember: former president Nicolás Maduro of Venezuela — home of the Smartmatic vote tabulation system — has been in US custody for months.

Do you suppose he might be trying to cut a deal for himself to avoid a very long prison sentence by disclosing what he knows about Smartmatic?

Do you suppose that Mr. Trump might know something about these ongoing negotiations?

Do you wonder if any of that has occurred to Kirsten Welker of Meet the Press?

Tyler Durden Mon, 06/08/2026 - 16:20

'Chat Is Dead': OpenAI's Pre-IPO Makeover Into A "Superapp"

Zero Hedge -

'Chat Is Dead': OpenAI's Pre-IPO Makeover Into A "Superapp"

The year the private-AI complex finally has to show its work has arrived, and ChatGPT maker OpenAI is about to add some major garnishing to the prospectus before their upcoming IPO - in what FT is calling the "biggest overhaul of ChatGPT since launch."

"It will transcend the actual surface . . . what we’re building towards is where you have your own personal agent that is capable of helping you . . . across everything in your life, be it personally or at work," said Thibault Sottiaux, who previously ran Codex and now leads all of OpenAI’s core product and platform.

Context: Over the last three weeks, the three most valuable private companies in the space announced IPOs. SpaceX filed its S-1 in May, months after folding xAI into itself. Anthropic filed a confidential draft S-1 on June 1, reportedly targeting an October listing. And OpenAI filed its own confidential draft around May 22, aiming for a debut as soon as September at a private valuation of roughly $730 billion to $850 billion, with IPO chatter pushing toward $1 trillion. The back half of 2026 is now the first real test of whether public investors will pay the prices private rounds have set.

"Chat Is Dead"

"Chat is dead," one senior OpenAI employee told the FT - which is a crazy thing to hear given that ChatGPT is what brought us here, and still has nearly a billion users. The obvious interpretation: OpenAI is moving away from chat because chat does not pay, at least not quickly enough to support a near-trillion-dollar valuation.

Adoption was never the problem. ChatGPT has nearly a billion users, most of them on the free tier. The problem is that the flagship product remains a low-margin consumer chatbot while the company burns roughly $14 billion a year against revenue that crossed $20 billion by the end of 2025. Depending on how that revenue is annualized and what multiple investors apply, OpenAI's valuation range implies a price-to-sales multiple from the mid-30s to the low 60s. Walking into a roadshow near $1 trillion while presenting the golden goose as a beloved money-loser is not a viable option.

The company has also reorganized. ChatGPT, Codex, and other product teams have been consolidated under a single leader, Sottiaux, while several senior executives - including former product head Kevin Weil - have departed. Key-person churn in the weeks before an S-1 filing is, notable.

According to FT and other reporting, here's what's new:

  • ChatGPT is being redesigned from a standalone chatbot into a gateway for higher-value products. The website and mobile apps are expected to be reworked so users are pushed toward coding tools, image generation, AI agents, and partner-built applications rather than simply returning to a general-purpose chat interface.
     
  • OpenAI is adding prompts and interface features that steer users toward monetizable use cases. The company is expected to add new surfaces inside ChatGPT that direct users toward Codex, image tools, and apps from partners such as Canva and Booking.com. The partners themselves are not new; their more prominent placement inside the ChatGPT flow is.
     
  • The company plans to remove that scaffolding over time. The longer-term goal is for OpenAI’s models to infer what users want without requiring explicit prompts, buttons, or routing cues. That roadmap detail appears to be one of the more specific new elements in the report.
     
  • The “superapp” framing is being elevated as the new investor-facing story. OpenAI is increasingly presenting ChatGPT as a single interface that can absorb chat, coding, agents, search-like tasks, image generation, and third-party services. The underlying components have existed in pieces, but the report frames them as one consolidated product thesis.
     
  • Codex is being pushed closer to the center of ChatGPT. OpenAI’s coding product is receiving greater prominence and resources as the company shifts attention toward products with clearer paid usage and enterprise demand. The Codex push was already underway, but the report makes it central to the ChatGPT overhaul.
     
  • The personal-agent vision is being packaged as the next version of ChatGPT. OpenAI is positioning the product around a single assistant that can help across personal and work tasks, reachable through mobile, desktop, web, and voice. The company has been moving toward agents for some time; what is newly elevated is the idea that this agent becomes the primary ChatGPT experience.
     
  • The enterprise pivot is being tied directly to the ChatGPT redesign. OpenAI’s push toward business customers and competition with Anthropic is not new. What is newly emphasized is the way the consumer interface is being reshaped to support that shift, turning ChatGPT into a funnel for higher-value, work-oriented products.

The revamp is expected to begin rolling out in the coming weeks - right inside the IPO window, when every interface change, resource shift, and product decision doubles as investor messaging meant to burnish the prospectus.

One issue with a 'superapp': structural coherence. A consumer funnel that routes users to third-party apps like Canva and Booking.com, an enterprise business built around Codex, and a long-horizon AGI bet are three different businesses with three different margin profiles, customer-acquisition dynamics, and capital requirements. OpenAI is now trying to staple them together within an agentic ecosystem - something that was always going to happen.

So OpenAI is building the only story that can survive diligence: enterprise seats, Codex, and agents that perform billable work. Codex's weekly active users have grown sixfold to more than five million since the February desktop launch, with the majority of users paying. Enterprise already accounts for around 40 percent of revenue and is expected to reach 50 percent by year-end. That sequencing is, almost line for line, the "make money first" approach Anthropic has followed for years. The convergence is no longer subtle.

That said, the revamp does not amount to panic. Agents and coding tools really are where the technical and commercial frontier is moving anyway. Codex's growth trajectory is real, and a majority-paying user mix is what you want going into an IPO. 

Meanwhile, what's Dario gonna do? Anthropic also burns substantial cash and has told investors it may not reach break-even until 2028. Both companies are walking into the same public-market daylight this year. 

Tyler Durden Mon, 06/08/2026 - 15:40

Judge Blocks Trump's $100,000 Fee For H-1B Visas

Zero Hedge -

Judge Blocks Trump's $100,000 Fee For H-1B Visas

Authored by Zachary Stieber via The Epoch Times,

President Donald Trump's $100,000 fee for H-1B visas is not legal, a federal judge said on June 8.

President Donald Trump speaks before signing an executive order in the South Court Auditorium in the Eisenhower Executive Office Building in Washington on Aug. 5, 2025. Win McNamee/Getty Images

The fee for visas for specialty foreign workers "imposes a tax on H-1B petitions without the requisite delegation by Congress," U.S. District Judge Leo Sorokin said in a 42-page decision.

While the president is able to restrict noncitizen entry into the United States, Congress has the power to tax, and federal law does not delegate it, the judge said.

He also ruled that the fee violated a law called the Administrative Procedure Act because it was issued without allowing the public to comment before it took effect, and ordered officials to vacate the policy in its entirety.

The White House did not immediately respond to a request for comment.

The ruling came in response to a lawsuit filed by Massachusetts and 19 other states. They challenged the fee, which Trump announced in September as a way to reduce taxes and bring better people into the country.

A different judge in late 2025 had upheld the fee, finding that Trump had the authority to increase the fee from between $2,000 to $5,000 to the $100,000 level. An appeal is pending in that case.

This is a developing story that will be updated.

Tyler Durden Mon, 06/08/2026 - 15:20

UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades

Zero Hedge -

UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades

There is certainly a growing consensus on Wall Street that the tax-refund sugar high is fading just as consumers' financial profiles deteriorate. The latest read-through comes from UBS analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who warns that a toxic cocktail of macro pressures is likely to crimp restaurant spending in the second half of the year.

Geiger warned in a note that elevated gas prices at the pump appear to be offsetting tax-rebate benefits, while lower-income, younger, and Hispanic consumers remain among some of the weakest demand cohorts.

"Challenged traffic and sales trends likely largely reflect depressed consumer sentiment across several cohorts, elevated gas prices, and other macro headwinds," the analyst said, adding, "We are more cautious on restaurant industry trends into 2H26, assuming near-term headwinds persist, rebate check benefits fade, and risk that gas prices stay elevated."

He said that margin pressure will likely persist for restaurants through summer and into fall as commodity inflation remains a problem.

Despite the negative backdrop, he pointed out valuations for restaurant stocks look attractive:

Despite challenged fundamentals, negative investor sentiment, and valuation pressure, we believe restaurants are in a difficult cycle currently, rather than a longer-term structurally challenged position. Valuations appear attractive relative to history, but with shares likely needing a positive inflection in sales / demand trajectory or favorable macro developments / headlines to realize notable upside.

His top picks are Dutch Bros, Brinker International, and Yum! Brands, while his least favorite restaurant stocks are Cheesecake Factory and Cracker Barrel Old Country Store.

Geiger's chartpack visualizing restaurant trends:

Sales Trends 

QSR Sales and Traffic Trends

Casual Dining Trends

Dismal Consumer Sentiment still a Problem 

The full chart pack can be viewed by Professional subscribers here at our new Marketdesk.ai portal.

Geiger's caution for the restaurant industry adds to our theme of emerging consumer stress (read the latest here).

Tyler Durden Mon, 06/08/2026 - 15:00

6.4 Magnitude Quake Rocks Western Cuba, Sends Tremors Into South Florida

Zero Hedge -

6.4 Magnitude Quake Rocks Western Cuba, Sends Tremors Into South Florida

The USGS reported that a magnitude 6.4 earthquake struck just off the coast of Cuba around 2 p.m. ET, with residents across parts of Florida reporting feeling the shaking.

The offshore quake was detected near Pinar del Río, located in western Cuba. Initial reports did not indicate major damage or a tsunami threat.

NWS Miami reported "shaking across Southwestern Florida within the past 30 minutes."

*Developing...

Tyler Durden Mon, 06/08/2026 - 14:46

DOJ Asks Courts To Strip 17 Criminals Of US Citizenship

Zero Hedge -

DOJ Asks Courts To Strip 17 Criminals Of US Citizenship

Authored by Zachary Stieber via The Epoch Times,

The Department of Justice (DOJ) on Monday announced it has asked courts across the country to strip more than a dozen people who have pleaded guilty or been convicted of crimes of their U.S. citizenship.

Acting Attorney General Todd Blanche speaks during a press conference in Washington on April 27, 2026. Madalina Kilroy/The Epoch Times

Filings in federal court requested judges revoke the naturalization of 17 individuals, including Jean Claude Alfred, a 68-year-old Haitian native who became a U.S. citizen in 1994.

Federal officials said that Alfred, who does not have a lawyer listed on the court docket, was convicted in 1996 of attempting sexual battery and indecent assault on his daughter, for conduct that began three years prior.

Alfred "concealed his crime throughout the naturalization process," DOJ lawyers told the federal court in Miami.

Another man, 39-year-old Armando Mendoza of Mexico, received sexually explicit images of minors as early as 2009 and pleaded guilty in 2013. Mendoza failed to disclose the crime in his 2011 citizenship application and interview, which means his citizenship should be revoked, officials said in a separate filing in federal court in California.

Mendoza has not hired an attorney, according to the court docket.

"When criminal aliens exploit the naturalization process by breaking the law, there are consequences," acting Attorney General Todd Blanche said in a statement. "Criminal aliens are lying about their past crimes, including drug dealers, sexual predators, and fraudsters."

Homeland Security Secretary Markwayne Mullin added that "American citizenship is a privilege, and it must be earned honestly."

He said, "If you come here break our laws, and lie in your immigration proceedings, you forfeit that privilege."

Developing...

Tyler Durden Mon, 06/08/2026 - 14:40

Pentagon Names Alibaba, Baidu, And BYD In Updated Chinese Military Companies List As DoD Contracting Bans Loom

Zero Hedge -

Pentagon Names Alibaba, Baidu, And BYD In Updated Chinese Military Companies List As DoD Contracting Bans Loom

The Department of Defense has filed a major update to its official list of "Chinese military companies" operating in the United States, formally naming or reaffirming high-profile firms including Alibaba, Baidu, BYD, BGI Group, and Autel as companies linked to Beijing's military-civil fusion strategy.

The notice, filed on Monday and scheduled for Federal Register publication on June 10, comes just weeks before new restrictions on Department of Defense contracting with listed entities take effect on June 30. The companies are alleged to have ownership or ties to SASAC (State-owned Assets Supervision and Administration Commission), affiliations with MIIT (Ministry of Industry and Information Technology), PLA connections, support from China's "Little Giant" industrial program, or a presence in military-civil fusion zones.

Section 1260H requires the Pentagon to identify Chinese companies that conduct commercial business while also supporting or being affiliated with the People's Liberation Army or China's defense-industrial base. The list has existed for years, but the consequences are now becoming more significant. Effective June 30, the DoD will be barred from entering into, renewing, or extending contracts directly with listed companies or entities they control. A broader indirect ban - covering goods or services that incorporate products from these firms - follows in June 2027. Additional rules restrict DoD contractors from working with entities that lobby on behalf of listed companies.

In short, the Pentagon is putting major Chinese companies on notice that it views them as potential extensions of China's military and defense ecosystem, even if those companies are better known globally for consumer products, cloud services, electric vehicles, drones, or biotech.

Key Companies Designated

Several globally significant names stand out in the update:

  • Alibaba Group Holding Limited: Indirectly affiliated with SASAC and flagged as a military-civil fusion contributor due to its MIIT ties. The company's dominance in e-commerce, cloud computing, and AI raises long-standing dual-use technology concerns.
  • Baidu, Inc.: Similarly linked to SASAC and cited for MIIT affiliation, reflecting U.S. concerns about its AI, search, and autonomous systems capabilities.
  • BYD Company Limited: Directly and indirectly tied to SASAC and MIIT. The world's largest electric vehicle maker is highlighted for its critical role in batteries and EVs - sectors with clear strategic and potential military applications.
  • BGI Group (including BGI Genomics and other subsidiaries): Noted for direct PLA affiliation and MIIT ties, along with government assistance tied to military planning objectives. The genomics firm has previously drawn scrutiny over data security and collection practices.
  • Autel entities (Autel Intelligent Technology and Autel Robotics): Designated for "Little Giant" status and MIIT connections, underscoring concerns around commercial drones and robotics with obvious military uses.

The broader list includes many other major players, including SMIC and memory chip firms (CXMT, YMTC), COMAC and AVIC aerospace entities, CATL and EVE Energy batteries, Huawei-related companies, DJI, Hikvision, Tencent, SenseTime, and various shipping and construction conglomerates. Some firms appear with extensive U.S. or international subsidiaries.

A handful of entities were removed from the previous January 2025 list, including certain CNOOC and COSCO subsidiaries.

Broader Context and Stakes

This update marks the latest step in years of escalating U.S. policy toward China's military-civil fusion strategy. Earlier Pentagon assessments and a February 2026 draft notice had already previewed many of these additions before being withdrawn. The move also fits into a wider U.S. effort that includes Entity List expansions, investment restrictions, export controls, and legislative pushes targeting Chinese biotech and technology supply chains.

Geopolitically, the list reflects Washington's view that key commercial sectors - AI, semiconductors, EVs and batteries, biotech/genomics, drones, and cloud infrastructure - cannot be cleanly separated from China's national security apparatus. It arrives amid intensifying competition over critical technologies and broader strategic tensions between Washington and Beijing.

Listed entities can request reconsideration by submitting evidence to a designated Pentagon email address.

Tyler Durden Mon, 06/08/2026 - 14:00

Trump Admin Provided No Defensive Action For Israel Amid Iranian Missile Salvo

Zero Hedge -

Trump Admin Provided No Defensive Action For Israel Amid Iranian Missile Salvo

We've been documenting the apparent immense strain in the US-Israel relationship related to Iran policy and strategy. In this latest round of trading major blows, President Trump reportedly not only told Israel to immediately halt its response and to not retaliate, but gave no order for US forces to protect Israel, for example by manning and operating crucial anti-air defenses.

While Iranian ballistic missiles were inbound, "The US military didn't take part in the Israeli attacks against Iran, the first since the ceasefire, and the Trump admin didn't order any US defensive action to shield Israel from incoming Iranian missiles, per a US official" - according to CBS White House correspondent Jennifer Jacobs.

If accurate, this marks a major change in US priorities and the Pentagon's posture in the region. Going back to last year's 11-day June war, as well as from the start of Operation Epic Fury, Washington has previously provided consistent cover and protection for Israel, especially on the anti-air defense front.

Source: picture alliance/CFOTO

The notable change and shift is also being reported by NBC, which writes Monday morning, "The U.S. military did not conduct any strikes against Iran with Israel, according to a U.S. official."

"The U.S. did not shoot down or intercept any incoming Iranian missiles or projectiles during this recent volley between Israel and Iran," the report continues. "And the current U.S. assessment is that Iran was not targeting any U.S. personnel, assets, or locations during the strikes directed at Israel, the official said."

US Central Command (CENTCOM) has however, affirmed it has been in contact with senior Israeli military officials, presumably to receive updates and briefings on the Iranian attacks of the prior 24 hours, as well as related to the latest on Israeli offensive actions.

While Washington is creating distance between itself and this renewed round of fighting, Iranian officials aren't buying the narrative.

In a fresh message from Iranian foreign ministry spokesman Esmaeil Baqaei, Tehran says that "Without a doubt ... the actions of the Zionist regime in the region cannot be separated from U.S. policies." Tehran is rejecting the US insistence that it is not behind Israel's actions: "No one believes that the Zionist regime would carry out any action without prior coordination and cooperation with the United States," Baqaei added.

Meanwhile, President Trump declared in a Financial Times interview published on Sunday - "I call the shots" regarding actions against Iran, and not Israel.

Prime Minister Benjamin Netanyahu "won't have any choice" but to accept an impending agreement between the US and Iran, Trump stated.

Mark Levin rages over lack of US defense for Israel:

At the same time, a US official told Axios on Sunday that Trump was "pretty adamant that we are close to a deal with Iran," urging space to give diplomacy a chance.

Though Israel ultimately went ahead with a strike on Iranian territory following Sunday's missile barrage, the situation is showing signs of a temporary pause on Monday. Iran's military announced it had halted its operations, claiming it had successfully sent its intended message, even as Trump continued to publicly insist that both nations are actively looking to agree on an "immediate CEASEFIRE" (on Truth Social).

Tyler Durden Mon, 06/08/2026 - 13:40

Netanyahu Confirms Israel 'Holding Fire, For Now' - Rejects Iran Red Line To Not Attack Lebanon

Zero Hedge -

Netanyahu Confirms Israel 'Holding Fire, For Now' - Rejects Iran Red Line To Not Attack Lebanon Summary
  • Israel has rejected Iran's warning not to attack Lebanon, though aerial operations appear paused.
  • Israeli officials say strikes on Iran being halted at President Trump's request to 'stop shooting'. Netanyahu confirms attacks halted 'for now'.
  • Iran FM accuses US of cooperating with Washington: "No one believes that the Zionist regime would carry out any action without prior coordination and cooperation with the United States" (Foreign Ministry spox).
  • Iran's sprawling Bandar Imam Petrochemical Complex bombed by Israeli Air Force.
  • Houthis seek to close/threaten Bab-el-Mandeb Strait for Israeli-linked passage: We declare a complete and total ban on maritime navigation for the Israeli enemy in the Red Sea.
//--> //--> US x Iran permanent peace deal by June 30, 2026?
Yes 17% · No 84%
View full market & trade on Polymarket

*  *  *

Israel Rejects Iran Attempt to Assert Red Line on Not Attacking Lebanon

The Lebanon crisis remains a tug-of-war flashpoint between Tehran and Tel Aviv. The Iranians want to force a situation where any broader peace deal with the US is linked directly to achieving permanent truce in Lebanon. However, the US and Israel have consistently sought to thwart these attempts. According to Bloomberg:

Israel will strike Hezbollah in Beirut in retaliation for any further cross-border attacks by the Iranian-backed Lebanese faction, Israel’s defense minister says in a statement, rejecting a threat by Tehran to resume missile salvos in solidarity with Lebanon.

“Any Iranian attempt to link Lebanon to Iran in attacking Israel will be met with a forcible response, as happened yesterday,” Defense Minister Israel Katz says, referring to an air strike in the Lebanese capital which prompted Iranian missile fire against Israeli targets. If Hezbollah attacks Israel’s northern communities “it will lead to an attack on the Dahieh,” he says, referring to a Beirut suburb where support for Hezbollah is strong.

Still, Israel has by late Monday (local) made clear it is halting attacks on Iran and Lebanon 'for now' after President Trump called for immediate restraint.

Israel Halts Iran Attacks 'For Now'

"After Iran attacked Israel, I instructed the IDF to strike military and economic targets throughout Iran," Netanyahu said in a fresh Monday statement. "For now, the fire has been contained, because after we struck the terrorist regime in Tehran, it ceased attacking us. If the terrorist regime in Iran makes the mistake of attacking us again, we will respond with force." The key lines from Netanyahu:

Israeli Prime Minister Benjamin Netanyahu said Monday that Israel had stopped its attacks on both Iran and Hezbollah in Lebanon, after the Iranian military announced it was halting operations.

In a brief statement Monday, Netanyahu said "Iran and Hezbollah are weaker than ever, and we are stronger than ever - but our struggle with them is not over yet."

Having bombarded both adversaries, he added, "right now, the fire has been halted."

Iran's military headquarters responds: "Should aggression and hostile actions continue—including in southern Lebanon—far more severe and forceful measures than before will follow," it said, according to Iranian state media.

And in a clear sign of the exchange of strikes having ceased:

Iran says flight restrictions have been lifted with airspace returning to normal conditions: state media

Israel Pauses Iran Strikes At Trump's Request

Israel's N12 News is reporting that Israel is halting strike on Iran at President Trump's request. There are widespread initial reports that Israeli forces are indeed pausing the attacks, which persisted overnight through Monday morning, and included attack on a major petrochemical complex. However, the latest Israeli messaging has included a warning on the Lebanon front, per Bloomberg:

Senior Israeli official says Israel is stopping strikes in Iran at Donald Trump’s request, but confirms operations in southern Lebanon will continue at full intensity in the coming days. The official also warns that Dahieh in Beirut could be targeted if attacks on Israeli settlements and civilians continue.

There are also emerging reports (via CBS) that Trump did not order any US defensive efforts to protect Israel from the latest Iranian ballistic missile attacks - which were the first against Israel since the early April ceasefire.

Meanwhile, in a fresh message from Iranian foreign ministry spokesman Esmaeil Baqaei, Iran says "Without a doubt ... the actions of the Zionist regime in the region cannot be separated from U.S. policies." Tehran is rejecting the attempts of the Trump administration to distance the US from Israeli actions: "No one believes that the Zionist regime would carry out any action without prior coordination and cooperation with the United States," Baqaei added.

Trump: 'Stop Shooting'

A big question remains is if this flare-up in major fighting, which has featured the first direct attacks between Iran and Israel since the April ceasefire took effect, will be short-lived or whether it will endure and escalate into sustained war.

So far the situation is showing signs it could be short-lived, after early Monday morning President Trump urged Israel and Iran to immediately stop "shooting" in a Truth Social post. He also expressed that this musts be done "quickly" and is still talking up a "final" peace deal - which at this moment looks as distant as ever. Iran is signaling it is ready to get back to ceasefire, but Israel is again threatening the Beirut suburbs.

Here's what Trump wrote in a couple of brief Monday posts:

Israel and Iran must immediately stop “shooting.” ...and:

Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on “Peace” are proceeding, subject to ignorance or stupidity getting in its way. The Blockade will remain in place, and in full force and effect, until a “Final Deal” is reached. Things should move quickly. Thank you for your attention to this matter!

Big Round of Israeli Retaliation Airstrikes on Iran

Videos of Israel's further daytime attacks on sites across Iran have emerged, after Iran sent ballistic missile waves on Israel on Sunday, in response for the IDF renewing airstrikes on Beirut.

For now, Tehran is claiming the current round is over, with Iran's armed forces having announced the end of military operations against Israel while warning of "harsher" attacks if Israel resumes strikes on Lebanon, according to the semi-official Fars news agency.

The Khatam al-Anbiya Central Headquarters spelled out the Islamic Republic's latest justification: "Following the aggressions and acts of mischief by the brutal Zionist regime in southern Lebanon and the Dahieh area, carried out with the support of criminal America, the powerful armed forces of the Islamic Republic of Iran, in support of the oppressed people of Lebanon, delivered a painful response to this regime." And there's a new message from Iranian President Pezeshkian, saying:

"Diplomacy and defense are the two wings of national power; we have neither left the field nor the negotiating table... We will defend the rights of the nation with authority and will not retreat in the face of any threat."

Massive Iranian Petrochemical Complex Hit

Israel, however, made sure to leave a massive mark before any cooling off. The Israeli military confirmed it attacked Iran's sprawling Mahshahr petrochemical complex on Monday, marking its first strike on the critical asset since the April 7 ceasefire agreement.

The Bandar Imam Petrochemical Complex, as it is formally known, is widely seen as one of the crown jewels of Iran's energy sector. Tucked near the southern city of Mahshahr and Bandar Imam Khomeini - a vital industrial port on the Persian Gulf - the sprawling complex consists of more than 50 separate petrochemical plants producing roughly 72 million tons of products annually, according to Iran’s oil ministry.

Iranian state media reported that one specific installation, the Karun petrochemical plant, was hit twice Monday morning. While a local official told Fars that no casualties were reported, the facility sustained notable structural damage.

IRGC: 'Dangerous Game'

The response from Iran's elite military branch was immediate and ominous. The Islamic Revolutionary Guards Corps condemned the precise strike as a "dangerous game" - openly threatening to expand the scope of how it retaliates against Israel, explicitly noting that future targets will include energy-related sites.

Israel already compiled a visual strike map showing targets it hit in Iran overnight into Monday:

With both sides testing the absolute limits of the April truce, the macro risk to regional energy infrastructure has officially rocketed back to the forefront, as Trump desperately tries - or is at least appearing to - walk the two sides back from the ledge.

Vital Bab-el-Mandeb Strait (Red Sea) Under Threat: Houthis Declare "Total Ban" On Israeli Ships

On the maritime chokepoint front, Iran-backed Houthis declared a full ban on Israeli vessels in the southern Red Sea, warning that any Israeli ship (or linked ship) will be seen as a military target:

"First: We declare a complete and total ban on maritime navigation for the Israeli enemy in the Red Sea, and we consider all enemy movements to be military targets for our Armed Forces from the moment this statement is issued."

The statement continued, "Second: We affirm that we will meet escalation with escalation, and that our military operations will escalate in line with events, the battle, and in conjunction with the axis of Jihad and Resistance."

The announcement is similar to the Houthis' late-2023 campaign, when rebel forces attacked ships linked to Israel or bound for Israeli ports in or around the Bab-el-Mandeb Strait. They framed the attacks as retaliation for the Gaza war. Potential disruption of the Bab-el-Mandeb Strait in the southern Red Sea will only add to the headaches for global maritime trade, as it is a critical sea route for Asia-to-Europe commerce and Gulf energy exports.

At its narrowest point, the strait is about 18 miles wide, making commercial vessels extraordinarily vulnerable to suicide drones, missiles, mines, and small boats.

More Headlines/Latest Developments

via Newsquawk...

WEEKEND MIDDLE EAST RECAP

  • Israel conducted airstrikes on a couple of apartment buildings in Beirut’s Dahiya district on Sunday, in what the military described as targeting a Hezbollah command centre.
  • Iran launched four waves of strikes against Israel on Sunday evening in retaliation for an Israeli strike on Beirut, which it stated ‘crossed all red lines’, while it threatened devastating blows if Israel expands Lebanon operations. Iran signalled a halt to attacks if Israel refrains from strikes, but vowed stronger retaliation if Israel strikes back, and it closed its western airspace until further notice.
  • IRGC said that the Ramat David Airbase was hit by ballistic missiles and that future attacks are to target US-Israel regional assets, while Tehran Times noted reports of missiles being fired at a US airbase in Jordan.
  • Israeli PM Netanyahu was reported to be holding security consultations following the latest developments, while the Israeli military said the missiles launched by Iran were intercepted, although Iran claimed a successful strike on northern Israel.
  • US President Trump said he was supposed to announce that a deal with Iran would be signed this week, and now this is happening, while he called for Iran to end the missile fire and return to talks. Trump also stated that he was not happy about Israel striking Beirut and that Israel’s attacks were not coordinated with the US. Furthermore, Trump said he would call Israeli PM Netanyahu to tell him not to attack Iran in response, and noted that they are close to a final deal, which he doesn’t want to blow up.
  • US attacked Iranian coastal surveillance sites on Saturday after shooting down drones launched towards the Strait of Hormuz. US military said that Iran had fired missiles and drones towards Kuwait and Bahrain, while drones were also fired towards 4 commercial ships in the Strait of Hormuz.
  • Iran Supreme Leader’s military adviser Rezaei said Iran’s attack on Israel on Sunday serves as a warning to Israel to cease strikes on Beirut, while he warned of a further response to aggression.

EUROPEAN MORNING IRAN CONFLICT UPDATES

  • US President Trump posted "Israel and Iran must immediately stop shooting."
  • US President Trump said Israeli PM Netanyahu will have no choice but to accept whatever deal the US negotiates with Iran because he calls the shots. Trump stated that Iran's strikes had not changed his desire to conclude US-Iran negotiations and he thinks the deal is going on, but we will see what happens, and he would consider a commando raid on Iran if a deal failed, according to FT.
  • US told Israel to hold off for a few days to allow space for a deal, with a joint action plan to proceed if talks fail. It was separately reported by Tasnim, citing Israel's Channel 12, that Israeli PM Netanyahu tried to object to US President Trump's request not to react to Iran during a phone call, but in the end accepted it.
  • Iranian Foreign Ministry Spokesperson said Washington is responsible for the current situation because it is a party to the ceasefire agreement, and the ceasefire has been continuously and repeatedly violated by the opposing sides. Action is to be taken whenever deemed necessary to defend the country's interests. On the ceasefire agreement, the spokesperson said that ending the war in Lebanon was part of the ceasefire agreement, and when this clause is violated, the diplomatic track is also affected. Furthermore, he said the message exchange is ongoing with the US and Pakistan's Interior Minister visited Tehran to push negotiations. Lastly, he said they are not talking about the issues of enriched uranium or enrichment at this stage.
  • Iran's IRGC said that by taking action against civilian targets and targeting oil industries, Israel has targeted a dangerous game which will encompass all energy targets in the region and consequences for the global economy belong to the US. Iran's IRGC further said that we are ready to carry out operations on all fronts, and our response has been planned based on various enemy scenarios.
  • An Iranian source said that "Iran is prepared for a long-term war... The coming days will show that the calculations of the Israelis and Americans are always wrong", Tasnim reported.
  • Iranian Supreme Leader senior adviser said on Sunday that Tehran threatened to block the Bab-al Mandab if Israel escalates its attack, according to CNN citing IRIB.
  • Yemen's Houthis announce a complete and total ban on Israeli maritime navigation in the Red Sea. The Houthis also claimed responsibility for a missile attack in Israel and said banning navigation to the enemy is a preliminary step and the group is prepared for additional steps against any escalation.
  • Israeli projectile hit an Iranian petrochemical plant, with the Karun petrochemical plant damaged in Khuzestan province.
  • Israel's army expects the exchange of strikes with Iran to continue for several days, Al Hadath reported.
  • Israeli Minister Smotrich is expected to propose at the next Security Cabinet meeting that Israel should respond to every Iranian missile launched at Israel by striking 20-30 buildings in Beirut's Dehaya district, journalist Stein reported.
  • Israeli military said the Israeli Air Force struck military targets belonging to the Iranian regime in western and central Iran.
  • Throughout Monday in Iran, there have been reports of loud explosions in Tehran, Tabriz, Isfahan, Kermanshah and Karaj, while explosions were reportedly heard in southern Lebanon. Additionally, there were some arab sources reporting explosions at the Prince Sultan Air Base in central Saudi Arabia, however involvement was denied by Iran.
  • Drone attack reported from Yemen towards Israeli targets, according to Tasnim.
Tyler Durden Mon, 06/08/2026 - 13:25

India Rescues 24 Crewmembers From Stricken Tanker Off Oman After US Airstrike

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India Rescues 24 Crewmembers From Stricken Tanker Off Oman After US Airstrike

Update(1315ET): US Navy forces have announced a new Monday direction action operation in the Gulf of Oman. The US has cited that the vessel refused to respond to orders related to the blockade of Iranian naval ports.

The ship attempted to sail to an Iranian port, in violation of the ongoing blockade. A CENTCOM statement indicated that the military "disabled Palau-flagged M/T Marivex as it transited international waters in the Gulf of Oman toward Iran."

"An F/A-18 Super Hornet from USS Abraham Lincoln (CVN 72) fired a precision munition into the ship's engineering and steering spaces after the crew failed to comply with directions from U.S. forces," the statement continued. "Marivex is no longer sailing to Iran," it said. The Pentagon has also reviewed the following since initiating the blockade on April 13.

  • CENTCOM forces have disabled seven non-compliant vessels
  • it has redirected 134 ships that complied
  • allowed 42 vessels supporting humanitarian aid to pass

This is the same vessel which took on US military fire:

Indian navy helicopters airlifted 24 sailors off a tanker on fire off the coast of Oman on Monday, New Delhi officials said, without saying what caused the blaze.

India’s Ministry of Ports, Shipping and Waterways said a fire was reported at around 1:30 p.m. (0800 GMT) on the MT Marivex, a Palau-flagged tanker.

“There has been a fire reported on a vessel, MT Marivex, on which there were 24 Indian seafarers... all Indian seafarers are safe,” ministry director Opesh Kumar Sharma told reporters.

And more from the same report:

Images posted on social media by the Forward Seamen’s Union of India showed crew members being winched from the vessel by helicopter as thick black smoke billowed from its bridge and accommodation cabins.

The tanker’s position was shown by ship-tracking service MarineTraffic as being off the coast of Oman, south of the capital Muscat.

*  *  *

Brent crude futures jumped as much as 5% to $97.83 a barrel, while WTI traded around $95 a barrel, as renewed Iran-Israel fighting threatened to unravel a fragile US-Iran ceasefire and further disrupt energy flows.

On the maritime chokepoint front, Iran-backed Houthis declared a full ban on Israeli vessels in the southern Red Sea, warning that any Israeli ship (or linked ship) will be seen as a military target.

"First: We declare a complete and total ban on maritime navigation for the Israeli enemy in the Red Sea, and we consider all enemy movements to be military targets for our Armed Forces from the moment this statement is issued," the terror group said Monday in a statement.

The statement continued, "Second: We affirm that we will meet escalation with escalation, and that our military operations will escalate in line with events, the battle, and in conjunction with the axis of Jihad and Resistance."

"Third: We affirm the right of our people and the peoples of our free nation to confront American-Israeli aggression, and that we will not stand idly by in the face of the unjust siege imposed on our people and the peoples of the axis of Jihad and Resistance in Palestine, Gaza, Iran, Lebanon, and Iraq. All enemy attempts will fail, God willing, and our operations will continue as long as the aggression and siege against us and the axis of Jihad and Resistance continue," the statement concluded.

The announcement is similar to the Houthis' late-2023 campaign, when rebel forces attacked ships linked to Israel or bound for Israeli ports in or around the Bab-el-Mandeb Strait. They framed the attacks as retaliation for the Gaza war.

Potential disruption of the Bab-el-Mandeb Strait in the southern Red Sea will only add to the headaches for global maritime trade, as it is a critical sea route for Asia-to-Europe commerce and Gulf energy exports.

At its narrowest point, the strait is about 18 miles wide, making commercial vessels extraordinarily vulnerable to suicide drones, missiles, mines, and small boats.

The previous disruption of the Bab-el-Mandeb Strait led to ships rerouting around the Cape of Good Hope, adding time, fuel, insurance costs, and higher shipping costs. The IMF has previously said that the Red Sea attacks halved Suez Canal trade in early 2024, while shipping traffic via the Cape of Good Hope surged.

Related:

Readers were brefied in mid-April on the threat other critical straits could be disrupted. Read the note here. 

The big risk here is a simultaneous disruption of both maritime chokepoints. Bab-el-Mandeb would hit the world's trade artery, while Hormuz has already disrupted the world's energy artery. Combined, the clogging of both maritime chokepoints would be viewed as a major escalation, likely raising the risk of additional supply chain stress, higher freight and insurance costs, and another inflationary wave.

Tyler Durden Mon, 06/08/2026 - 13:15

Trump Weighs Plan To Buy Chagos Islands, Home To Diego Garcia Military Base

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Trump Weighs Plan To Buy Chagos Islands, Home To Diego Garcia Military Base

The White House is actively considering a plan to purchase the Chagos Islands, potentially undermining the UK's agreement to transfer sovereignty of the strategically vital territory to Mauritius, according to reports.

An undated photograph shows an aerial view of Diego Garcia. U.S. Navy via AP

US officials have prepared proposals to bypass Britain and negotiate directly for control of Diego Garcia, the key Indian Ocean atoll that hosts a major joint US-UK military base. The idea forms part of broader options being developed by the Trump administration as alternatives to Prime Minister Keir Starmer's plan to cede the islands to Mauritius, which has close ties to China and Iran.

Strategic Importance

Diego Garcia's location makes it critical for long-range operations. It enables round-the-clock bomber missions, including potential strikes on Iran using B-2 Spirit stealth bombers, and places key areas within striking range. Amid ongoing conflicts involving Iran and China's expanding naval presence, US and UK officials stress the need to maintain a robust chain of global military bases.

Senior Trump administration officials worry that transferring control to Mauritius could expose the base to espionage or interference. One former adviser to UK Foreign Secretary David Lammy, Ben Judah, told the Telegraph that the base has "super secret, super sensitive facilities" that are vital to British and allied capabilities, noting they would be difficult to replicate elsewhere.

Background on the UK-Mauritius Deal

The UK had agreed to hand sovereignty of the Chagos Islands to Mauritius while securing a long-term lease for the military base, reportedly involving around £35 billion ($46.7 billion) over 99 years. However, the deal requires US consent due to longstanding agreements governing the base, and Britain has since placed it on hold.

President Trump initially appeared open to the arrangement but later strongly opposed it, particularly after the UK reportedly declined to allow strikes on Iran from Diego Garcia in the early stages of the Iran war. He publicly denounced the deal as "great stupidity" and criticized Starmer for weakening the special relationship, calling him "no Winston Churchill."

US Position and Ongoing Talks

A US official told Reuters:

"President Trump has been consistent in his position that the United Kingdom should not give away the British Indian Ocean Territory, which includes our joint U.S.-UK military facility on the Diego Garcia atoll. Diego Garcia's strategic location in the Indian Ocean makes it a vital and indispensable military installation of significant importance to the national security of the United States."

The US continues regular discussions with Britain to preserve the base's viability.

Purchasing the islands outright would likely involve waiting for the UK-Mauritius sovereignty transfer before negotiating with Mauritius. No specific price has been discussed, according to sources.

In February, Trump said that he had retained the right to "militarily secure" the Diego Garcia air base after calling the UK's decision an "act of total weakness."

UK Response

A UK government spokesperson defended the original agreement, stating it was necessary to protect long-term interests and prevent adversaries from gaining a foothold:

"Diego Garcia is a key strategic military asset for both the UK and the US, which has protected our shared security for nearly 60 years. Maintaining long-term operational control and security of Diego Garcia is the entire basis for the UK-Mauritius agreement."

In May, UK minister Hamish Falconer stated there was "no scenario" in which Washington could purchase the islands, reaffirming commitment to the deal. Downing Street has not commented on the latest US proposals.

People protest outside the High Court where Chagossian campaigners are challenging the British government's deal to transfer sovereignty of the Chagos Islands to Mauritius, in London, Britain, October 28, 2025. Tyler Durden Mon, 06/08/2026 - 13:00

Flying Car Industry Turns To Solid-State Batteries For Commercial Takeoff

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Flying Car Industry Turns To Solid-State Batteries For Commercial Takeoff

Authored by Bojan Stojkovski via Interesting Engineering,

Solid-state battery advances could accelerate flying car adoption. GAC

As the flying car industry moves from prototype development toward commercial deployment, attention is increasingly shifting to the technologies needed to support safe and scalable operations.

Su Qingpeng, founder and CEO of GAC Govy, a low-altitude mobility company incubated by GAC, recently described solid-state batteries as the "essential path" for the future of flying cars, highlighting their potential to deliver the energy density and safety required for aerial mobility.

At the same time, investor expectations are evolving. Rather than focusing primarily on technical specifications and performance claims, capital markets are placing greater emphasis on practical indicators of commercial success, including vehicle deliveries, profitability, production readiness, and the timeline for obtaining airworthiness certification.

Flying Cars Follow a Path Similar to Early EVs

Su compared the current stage of the flying car industry to the position electric vehicles occupied roughly a decade ago, when the market was still transitioning from early adoption to large-scale growth. He argued that aviation mobility could advance even more rapidly than the EV sector once adoption reaches a critical threshold.

According to his outlook, the industry is expected to establish a sustainable commercial ecosystem by 2030, supported by technological progress, regulatory approvals, and the gradual rollout of low-altitude transportation services, CarNewsChina reported.

After entering the market with its first production model, GAC Govy has been advancing toward regulatory approval and commercial deployment. Its flagship aircraft, the Govy AirCab, opened for pre-orders in 2025 and officially entered production in May 2026.

The Chinese company aims to complete airworthiness testing and secure Type Certification (TC) by the end of 2026, while Production Certification (PC) is targeted for the first half of 2027, paving the way for larger-scale manufacturing and commercial operations.

Safer, Longer-Range Flying Cars Depend on Solid-State Batteries

In the long run, battery technology is emerging as one of the most important factors shaping the future of aerial mobility. Su noted that solid-state batteries will play a central role in enabling the next generation of flying cars by delivering both the energy density required for longer flight ranges and the safety standards needed for commercial operations.

Furthermore, the business case for solid-state batteries is markedly different in aviation than in the automotive sector. Whereas carmakers are pursuing the technology largely to lower costs and improve competitiveness in high-volume markets, flying car manufacturers can absorb significantly higher battery costs due to the economics of aircraft production. Su noted that conventional aircraft are far more expensive to build than automobiles, giving eVTOL developers greater flexibility to adopt advanced battery technologies.

As a result, solid-state batteries can already be deployed in limited production runs for aerial vehicles. Over time, broader adoption across the automotive industry is expected to drive down battery costs, making flying cars more economical to operate and opening the door to wider commercial use.

However, Su also warned that flying car production is likely to scale more slowly than traditional automobiles. Extensive design iterations, airworthiness certification, and manufacturing validation requirements make the path to mass production longer and more complex, resulting in a gradual ramp-up in deliveries.

Tyler Durden Mon, 06/08/2026 - 12:40

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