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Vancouver, BC, Dec. 27, 2024 (GLOBE NEWSWIRE) -- FOBI AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (“ Fobi ” or the “ Company ”) announces that it has applied to its principal regulator, the British Columbia Securities Commission (“ BCSC ”), for a partial revocation order (the “ Partial Revocation Order ”) of the ongoing failure-to-file cease trade order (“ FFCTO ”) ordered by the BCSC on November 1, 2024, in order to complete a non-brokered private placement offering (the “ Proposed Offering ”) of 56,114,400 units of the Company (the “ Units ”) to a single subscriber (the “ Subscriber ”) at a price per Unit of US$0.04 for aggregate gross proceeds of US$2,244,576 on a prospectus exempt basis. Each Unit is comprised of one common share in the capital of the Company (a “ Unit Share ”) and one common share purchase warrant (a “ Unit Warrant ”), each of which is exercisable for the purchase of one additional common share in the capital of the Company at a price of US$0.06 per share for a period of two years from the date of the closing of the Proposed Offering. The proceeds from the Proposed Offering will be used to file the outstanding continuous disclosure documents of the Company, cover essential expenses, and subsequently apply for a full revocation of the FFCTO within a reasonable time, among other things. The Company intends to use the proceeds of the Proposed Offering as described in the table below. Notes: 1.Includes certain amounts payable in U.S. dollars converted to CAD using Bank of Canada exchange rate of 1 USD to 1.4386 CAD on December 24, 2024. 2.US$100,000 converted to CAD using Bank of Canada exchange rate of 1 USD to 1.4386 CAD on December 24, 2024. 3.Based on proceeds of US$2,244,576 using Bank of Canada exchange rate of 1 USD to 1.4386 CAD on December 24, 2024. On closing of the Proposed Offering, the Subscriber is anticipated to hold 19.99% of the issued and outstanding common shares of the Company. The applicable disclosure required under National Instrument 62-103 – The Early Warning System and Related Take Over Bid and Insider Reporting Issues will be included in the press release of the Company announcing the closing of the Proposed Offering. The exercise by the Subscriber of Unit Warrants will be prohibited if such exercise would result in the Subscriber holding 20.0% or more of the issued and outstanding voting securities of the Company. Completion of the Proposed Offering remains conditional on the grant of the Partial Revocation Order by the BCSC, approval of the Proposed Offering by the TSX Venture Exchange (“ TSXV ”), and the execution of a subscription agreement, among other things. The Company anticipates filing (i) audited annual financial statements, management’s discussion and analysis, and related certifications for the year ended June 30, 2024 (“ Annual Filings ”), within 45 days of the closing of the Proposed Offering and (ii) interim financial statements, management’s discussion and analysis, and related certifications for the three months ended September 30, 2024, including certifications thereto (“ Interim Filings ”), within 15 days of the filing of the Annual Filings, at which time the Company intends to apply for a full revocation of the FFCTO. About Fobi Founded in 2017 in Vancouver, Canada, Fobi is a leading AI and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. Fobi enables businesses to action, leverage, and monetize their customer data by powering personalized and data-driven customer experiences, and drives digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste at scale. Fobi works with some of the largest global organizations across retail & CPG, insurance, sports & entertainment, casino gaming, and more. Fobi is a recognized technology and data intelligence leader across North America and Europe, and is the largest data aggregator in Canada's hospitality & tourism industry. For more information, please contact: Forward Looking Statements/Information: This news release contains certain statements which constitute forward-looking statements or information, including statements regarding the terms of the Proposed Offering, the Partial Revocation Order, the intended use of the proceeds of the Proposed Offering, the time to complete the Annual Filings and Interim Filings, and other statements characterized by words such as “anticipates,” “may,” “can,” “plans,” “believes,” “estimates,” “expects,” “projects,” “targets,” “intends,” “likely,” “will,” “should,” “to be”, “potential” and other similar words, or statements that certain events or conditions “may”, “should” or “will” occur . Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including, without limitation, market competition, the impact of general economic and industry conditions, competition, stock market volatility, BCSC and TSXV approval conditions, and the ability to access sufficient capital from internal and external sources. Although the Company believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: Fobi not receiving approval of the TSXV with respect to any future issuances of securities as required; and changes to volatile exchange rates, market conditions, market competition and other economic and market factors. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future plans, operations, and results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of the Company should be considered highly speculative. There can be no assurance that the Company will be able to achieve all or any of its proposed objectives. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
JRS stock hits 52-week high at $9.45 amid robust annual growth
The Onion's rejected purchase of Infowars in an auction bid supported by families of the Sandy Hook Elementary shooting dealt them a new setback Wednesday and clouded the future of Alex Jones' conspiracy theory platform, which is now poised to remain in his control for at least the near future. What's next for Infowars and Sandy Hook families' long-sought efforts to hold Jones accountable over calling one of the deadliest school shootings in U.S. history a hoax was unclear, after a federal judge in Houston late Tuesday rejected The Onion's winning bid for the site . U.S. Bankruptcy Judge Christopher Lopez in Houston said he did not want another auction but offered no roadmap over how to proceed. One possibility includes ultimately allowing Sandy Hook families — who comprise most of Jones' creditors — to return to state courts in Connecticut and Texas to collect on the nearly $1.5 billion in defamation and emotional distress lawsuit judgments that Jones was ordered to pay them. “Our hope is that when this process ends, and it will end, and it will end sooner rather than later, is that all assets that Alex Jones has available are paid to the families, and that includes Infowars, and that as a result of that process Alex Jones is deprived of the ownership and control of the platform that he’s used to hurt so many people,” Christopher Mattei, an attorney for the Sandy Hook families, said in a phone interview Wednesday. The families, meanwhile, were preparing the mark the 12th anniversary of the Dec. 14 shooting. The sale of Infowars is part of Jones’ personal bankruptcy case , which he filed in late 2022 after he was ordered to pay the $1.5 billion. Jones was sued for repeatedly saying on his show that the 2012 massacre of 20 first graders and six educators was staged by crisis actors to spur more gun control. Lopez said there was a lack of transparency in the bidding process and too much confusion about The Onion's bid. He also said the amount of money offered in the only two bids was too low and there needed to be more effort to try to raise as much money possible from the selling of Infowars' assets. The Onion's parent company, Global Tetrahedron, submitted a $1.75 million cash offer with plans to kick Jones out and relaunch Infowars in January as a parody . The bid also included a deal with many of the Sandy Hook families for them to forgo $750,000 of their auction proceeds and give it to other creditors. Lopez called it a complex arrangement that led to different interpretations of the bid's actual value as well as last-minute changes to a proposed sale order. The other bidder was First United American Companies, which runs a website in Jones’ name that sells nutritional supplements and planned to let Jones stay on the Infowars platforms. It offered $3.5 million in cash and later, with Jones, alleged fraud and collusion in the bidding process. Lopez rejected the allegations, saying that while mistakes were made there was no wrongdoing. Christopher Murray, the trustee who oversaw the auction, said he picked The Onion and its deal with the Sandy Hook families because it would have provided more money to Jones' other creditors. The next steps remained unclear Wednesday. The judge directed Murray to come up with a new plan to move forward. Murray and representatives of The Onion did not immediately return messages seeking comment. The judge said there was a possibility there could be a trial in 2025 to settle Jones' bankruptcy. He said Murray could try to sell the equity in Infowars' parent company. He also said Murray could abandon the efforts, which could allow the Sandy Hook families to return to the state courts where they won their lawsuits against Jones and begin collection proceedings against him. The judge said he wanted to hear back from Murray and others involved in the bankruptcy within 30 days on a plan to move forward. Mattei, who represented the Sandy Hook families in the Connecticut lawsuit, said everyone is waiting to see what plan the trustee comes up with. Jones, meanwhile, continued to allege fraud and collusion on his show Wednesday and threatened legal action over what he called an attempted “rigged auction.” On the social media platform X, he called the judge's ruling a “Major Victory For Freedom Of The Press & Due Process." “I don’t want to have to go after these people, lawsuit-wise, but we have to because if you don’t then you’re aiding and abetting and they do it to other people. They made some big mistakes," he said. It's a solemn and heartbreaking week for relatives of victims of the Sandy Hook shooting in Newtown, Connecticut. The 12th anniversary is Saturday, and some of the victims' relatives were traveling to Washington, D.C., to attend the annual National Vigil for All Victims of Gun Violence on Wednesday evening. The families usually mark the anniversary out of the public eye. Many of the families said their lawsuits against Jones bought back the unbearable pain of losing their loved ones, as well as the trauma of being harassed and threatened by believers of Jones' hoax conspiracy. Relatives said they have been confronted in public by hoax believers and received death and rape threats. Robbie Parker, whose 6-year-old daughter Emilie was killed, testified at the Connecticut lawsuit trial in 2022 that the decade of abuse his family suffered made them move across the country to Washington state, and even there he was accosted in person. The families have not received any money from Jones since winning the trials. Jones has been appealing the $1.5 billion in judgments, and has since conceded that the shooting did happen. Last week, a Connecticut appeals court upheld most of the judgment in that state but reduced it by $150 million. Associated Press writer Juan A. Lozano in Houston contributed to this report.
New Jersey fines sports betting firms for taking bets after games had already ended
ChatGPT parent OpenAI is exploring restructuring its corporate framework in 2025, transforming it into a Delaware Public Benefit Corporation (PBC). Sam Altman’s artificial intelligence company initially focused on advancing AI without financial constraints. However, by 2019, it became clear that developing large-scale language models required substantial investments, prompting the company to introduce a hybrid structure. OpenAI raised $1 billion from Microsoft Corp MSFT . The company highlighted the need for “hundreds of billions of dollars” in capital to sustain its mission. Also Read: Elon Musk’s xAI To Expand With New Chatbot App The current valuation of $157 billion and competition from Microsoft, Alphabet Inc GOOGL GOOG , and Anthropic , prompted OpenAI to issue traditional equity through its new structure, CNBC reports . Transitioning to a PBC will allow OpenAI to attract conventional equity investments, while the nonprofit arm will focus on charitable initiatives in education, healthcare, and science. Under the proposed model, OpenAI’s nonprofit will hold a significant interest in the for-profit PBC, valued by independent financial advisors. However, OpenAI’s move has sparked opposition from co-founder Elon Musk, who has filed legal challenges against the restructuring. Musk, owner of OpenAI’s rival xAI, charged OpenAI of ditching its nonprofit roots. Internal challenges have also emerged, with key executives like Chief Technology Officer Mira Murati and Research Chief Bob McGrew exiting the company. Developing and scaling generative AI models like ChatGPT requires massive resources, including high-powered processors from Nvidia Corp NVDA and cloud infrastructure provided by key backer Microsoft. OpenAI expects $5 billion in losses on $3.7 billion in revenue in 2024. Interestingly, OpenAI recently revealed old emails from Musk that depicted his advocacy for a profit-making business model. Musk’s AI company, xAI, announced on Monday that it raised $6 billion in funding, marking its second major funding round in 2024 . The investment features strategic backing from Nvidia Corp NVDA and Advanced Micro Devices, Inc AMD . xAI plans to use the funding to expand its Colossus supercomputer, which currently runs on 100,000 Nvidia Hopper GPUs. The company aims to double its capacity to 200,000 GPUs. Also Read: Netflix’s NFL Debut Brings Record Streams But Lags Traditional TV: Report Photo via Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.When it comes down to standout areas of the market, cryptocurrency could be a huge winner in 2025. And among the stocks in this field, ( ) is positioning itself as a standout contender for the hottest stock in 2025. This Canadian company made significant strides in the cryptocurrency mining industry, particularly with . And it is now expanding its horizons into the burgeoning field of (AI). Recent performance In the third quarter of 2024, Hut 8 reported impressive financial results. The company achieved revenue of $43.7 million, marking a substantial increase from previous periods. This growth was driven by the mining of 234 Bitcoins at an average revenue per Bitcoin of $61,025 – all while maintaining a cost to mine of $31,482, showcasing efficient operational management. Plus, Hut 8 reported a net income of $0.9 million and an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $5.6 million, reflecting its profitability and operational efficiency. A key factor contributing to Hut 8’s potential is its substantial Bitcoin reserve. As of September 30, 2024, the company held 9,106 Bitcoins in reserve, with a market value of approximately $576.5 million. This significant holding not only strengthens Hut 8’s balance sheet. It also positions it to capitalize on favourable market conditions in the space. Future outlook Looking ahead, Hut 8 outlined ambitious plans to enhance its mining capabilities. The company announced an upgrade to its Application-Specific Integrated Circuit (ASIC) mining fleet. That’s expected to increase its self-mining hash-rate by approximately 66%, from the current 5.6 EH/s to around 9.3 EH/s. This upgrade should improve fleet efficiency by about 37%, reducing energy consumption and operational costs. The energization of these new miners is slated for the first quarter of 2025, aligning with the company’s growth objectives. In addition to hardware upgrades, Hut 8 is expanding its infrastructure. The development of the Vega site is progressing on schedule, with energization expected in the second quarter of 2025. This site is projected to contribute significantly to the company’s hosting capabilities, further boosting its operational capacity and revenue potential. More to come Diversifying beyond cryptocurrency mining, Hut 8 entered the AI sector. The company launched its GPU-as-a-Service business through its subsidiary, Highrise AI, securing a five-year agreement with an AI cloud services provider. This strategic move allows Hut 8 to leverage its existing infrastructure to tap into the rapidly growing demand for AI computational services, thereby opening new revenue streams and reducing reliance on cryptocurrency market volatility. Hut 8’s proactive approach to capital management further underscores its commitment to growth. The company announced a $500 million equity offering aimed at funding operations and expanding its Bitcoin reserves. At the same time, it launched a $250 million share buyback program, demonstrating confidence in its valuation and future prospects. The company’s strategic partnerships also play a crucial role in its expansion plans. Collaborations with industry leaders, such as BITMAIN for the deployment of next-generation ASIC miners, should enhance Hut 8’s mining efficiency and capacity. These partnerships are instrumental in maintaining the company’s competitive edge in the rapidly evolving tech landscape. Bottom line Hut 8’s combination of strong financial performance, strategic infrastructure investments, diversification into AI services, and effective capital management positions it as a compelling contender for the hottest TSX stock in 2025. Investors seeking exposure to the intersection of the cryptocurrency and AI sectors may find Hut 8’s growth trajectory particularly appealing.AP Trending SummaryBrief at 6:46 p.m. EST
German President Frank-Walter Steinmeier on Friday ordered parliament dissolved and set new elections for Feb. 23 in the wake of the collapse of Chancellor Olaf Scholz’s coalition, saying it was the only way to give the country a stable government capable of tackling its problems. Scholz lost a confidence vote on Dec. 16 and leads a minority government after his unpopular and notoriously rancorous three-party coalition collapsed on Nov. 6 when he fired his finance minister in a dispute over how to revitalize Germany ́s stagnant economy. Steinmeier said he made the decision because it was clear after consultation with party leaders that there was no agreement among Germany’s political parties on a majority for a new government in the current parliament. “It is precisely in difficult times like these that stability requires a government capable of taking action and a reliable majority in parliament,” he said as he made the announcement in Berlin. “Therefore I am convinced that for the good of our country new elections are the right way.” x
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 in ASML To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in ASML between January 24, 2024 and October 15, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) . [You may also click here for additional information] NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP , a leading national securities law firm, is investigating potential claims against ASML Holding N.V. ("ASML" or the "Company") ASML and reminds investors of the January 13, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com . As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the issues being faced by suppliers, like ASML, in the semiconductor industry were much more severe than Defendants had indicated to investors; (2) the pace of recovery of sales in the semiconductor industry was much slower than Defendants had publicly acknowledged; (3) Defendants had created the false impression that they possessed reliable information pertaining to customer demand and anticipated growth, while also downplaying risk from macroeconomic and industry fluctuations, as well as stronger regulations restricting the export of semiconductor technology, including the products that ASML sells; and (4) as a result, Defendants' statements about the Company's business, operations, and prospects lacked a reasonable basis. On October 15, 2024, ASML published earnings for the third quarter of 2024, revealing quarterly bookings of €2.63 billion, a decline of 53% quarter-over-quarter. The Company also announced it expects full year 2025 total net sales to be between €30 billion and €35 billion, with a gross margin between 51% and 53%. On this news, ASML's stock price fell $141.84, or 16.26%, to close $730.43 per share on October 15, 2024, thereby injuring investors. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding ASML's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the ASML class action, go to www.faruqilaw.com/ASML or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) . Follow us for updates on LinkedIn , on X , or on Facebook . Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/de2601eb-12a6-4c86-acde-1ee2f3350b29 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Court challenge over vote to extend post-Brexit trading arrangements dismissed
Iowa QB Cade McNamara slams 'ridiculous' rumorsVANCOUVER — A family of killer whales has made a rare trip into waters off downtown Vancouver for what an expert says was likely a “grocery shopping” hunt for harbour seals. Video shared on social media by False Creek Ferries shows the whales cruising past highrise towers at the entrance to False Creek on Sunday. Andrew Trites, director of the University of British Columbia’s marine mammal research unit, has identified the whales as a family group of transient orcas consisting of a mother and her three offspring. He says it’s the first time the 26-year-old mother, known as T35A, has shown up in downtown Vancouver with her children aged six, 11 and 14. Trites says the well documented family has previously been seen by marine researchers from Alaska to the Strait of Juan de Fuca south of Vancouver Island. He attributes the pod’s surprising downtown appearance to seals also changing their habits as they hide from orcas, forcing killer whales to hunt in backwater areas like False Creek. Trites says the video shows the whales moving quietly like “ghosts” to avoid alerting their prey. Killer whales have previously been spotted in False Creek, including in 2019, and in 2010 a grey whale swam all the way to the end of the inlet, near Science World. This report by The Canadian Press was first published Nov. 25, 2024. Nono Shen, The Canadian Press
WASHINGTON (TNS) — My prediction that President Joe Biden would drop out was a rare bright spot among last year’s not totally serious predictions. Undaunted, I try again by looking ahead to 2025: January — House re-elects Speaker Mike Johnson on third ballot after he agrees to make Rep. Marjorie Taylor Greene assistant speaker. Outgoing Biden commutes sentences of 1,250 non-violent drug offenders and pardons Donald Trump for “all past and future offenses.” In his inaugural speech, Trump thanks “my friend, Joe Biden” for his service. Trump issues an executive order to begin deporting illegal immigrants. Boise State wins the college football title. Senate Intelligence Committee rejects Tulsi Gabbard’s nomination as director of national intelligence. Robert F. Kennedy Jr. confirmed as Health and Human Services secretary on a 50-50 tie broken by Vice President JD Vance. February — Congress passes previously stalled legislation providing additional funds for immigration enforcement. Trump names Texas Gov. Greg Abbott as director of national intelligence, elevating his close ally Dan Patrick to governorship. Trump launches probe of mystery drone sightings. Detroit Lions defeat Kansas City to win Super Bowl for first championship in 67 years. KC’s Travis Kelce retires and proposes to Taylor Swift. Twelve Democratic state attorneys general file suit in Michigan federal court to block deportations. Democratic National Committee elects Rahm Emanuel as new chair. March — Trump imposes a 20% tariff on all U.S. imports. Stock market drops 20%. President rejects Elon Musk proposal to merge Army and Air Force, potentially saving $500 billion. Trump invites Russian President Vladimir Putin and Ukraine President Volodymyr Zelenskyy to meet in Budapest to settle the war. Zelenskyy refuses. Trump vetoes congressional resolution extending federal funding, forcing a partial federal shutdown. April — In a stunning upset, Democrats win one of two special elections in heavily Republican Florida districts, cutting GOP House margin to 219-216. Trump signs a resolution to reopen government. Duke defeats Gonzaga to win college basketball title. Congress ends U.S. military aid for Ukraine. Zelenskyy agrees to meet Trump and Putin. Alexander Ovechkin finishes season two goals short of Wayne Gretzky’s all-time National Hockey League record. Zelenskyy agrees to a ceasefire on current battle lines, granting Russia additional land in the eastern part of the country. May — Trump rejects Musk’s proposal to remove the cap on income subject to Social Security taxes, which would have raised taxes on wealthy participants but extended solvency of system. Taylor Swift accepts Travis Kelce proposal. Democrats score upset victory in special election for U.N. Ambassador Elise Stefanik’s Upstate New York House seat, cutting GOP margin to 218-217. Former Vice President Kamala Harris announces she’ll seek California governorship in 2026. June — Former New York Gov. Andrew Cuomo wins eight-way Democratic primary for mayor of New York City. Washington Capitals upset Dallas Stars to win their second Stanley Cup. Boston Celtics defend their NBA title. Trump rejects Musk proposal to cut veterans health benefits to save $300 billion. Michigan federal court rules Trump deportation order unconstitutional. Administration seeks immediate Supreme Court hearing. July — Israel holds a war-delayed election and Prime Minister Bibi Netanyahu loses to a centrist coalition. Opposition Leader Yair Lapid, a former journalist, takes over. Trump announces the mysterious drones were launched by billionaire and White House adviser Elon Musk. Congress passes tax bill extending the 2017 Trump tax cuts and removing taxes on tipped income and Social Security benefits. Congressional Budget Office projects $4.2 trillion deficit for next year. Stock market hits new 2025 low. August — Deaths of two House members, one from each party, create vacancies cutting GOP margin to 217-216. Speaker Johnson fires head of Congressional Budget Office for “misleading projections.” The Supreme Court schedules deportation appeal for October. In war-delayed Ukraine election, Zelenskyy is defeated by Gen. Valeriy Zaluzhnyi, his top military leader. Trump’s job approval dips below 50. Trump names Bettina Anderson as U.S. ambassador to Zimbabwe after reported breakup with Donald Trump Jr. September — Travis Kelce and Taylor Swift get married in KC’s Arrowhead Stadium on national television before NFL opener. Trump presents Musk-Ramaswamy report to Congress, calling for $150 billion in budget reductions, well short of their original $2 trillion goal. Targets include the new FBI headquarters, the $16 billion Hudson River Rail Tunnel, and the California high speed rail project. Musk resigns as unpaid presidential adviser and announces he will seek the Texas governorship. Ramaswamy resigns, announces candidacy for Ohio governorship. October — In Washington Capitals’ hockey opener, Alexander Ovechkin scores hat trick to become all-time National Hockey League goals leader. Federal grand jury rejects Justice Department effort to indict former Rep. Liz Cheney for “witness tampering” in Jan. 6 probe. Conservative Pierre Poilievre ousts Prime Minister Justin Trudeau in Canadian election. New York Mets upset 2024 champion Los Angeles Dodgers in National League Championship Series but lose World Series to underdog Las Vegas Athletics. November — Democrat Abigail Spanberger elected governor of Virginia, continuing 48-year pattern of victories by the party that lost the prior presidential race. But Republican Jack Ciattarelli, narrow 2021 loser, scores upset in New Jersey. Democrats win both special House elections, overturning GOP’s 218-217 majority. The Supreme Court upholds Trump executive order, and deportations begin. Minnesota Gov. Tim Walz resigns to become University of Minnesota football coach. December — Unemployment takes a sudden upward surge. Trump’s job approval drops to 44. New House Democratic majority elects New York Rep. Hakeem Jeffries as first Black speaker. Massachusetts Rep. Katherine Clark becomes first female majority leader. Republicans oust Johnson, make Ohio Rep. Jim Jordan minority leader. Trump names former Speaker Johnson as ambassador to Pacific islands of Fiji, Kiribati, Tonga, Nauru and Tuvalu. (Carl P. Leubsdorf is the former Washington bureau chief of the Dallas Morning News. Readers may write to him via email at carl.p.leubsdorf@gmail.com .)
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