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June 16, 2025

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This Time Technology Beats Financials

After a week of no changes, we’re back with renewed sector movements, and it’s another round of leapfrogging.

This week, technology has muscled its way back into the top five sectors at the expense of financials, highlighting the ongoing volatility in the market.

Communication Services and Consumer Staples have swapped places since last week, while Technology has entered at number five, pushing Financials down to sixth. The remaining sectors from seven to eleven remain unchanged.

This constant shuffling is a clear indicator of the market’s indecision. Imho, such volatility usually doesn’t accompany a sustainable trend, and that’s precisely what’s hurting trend-following models right now.

  1. (1) Industrials – (XLI)
  2. (2) Utilities – (XLU)
  3. (4) Communication Services – (XLC)*
  4. (3) Consumer Staples – (XLP)*
  5. (6) Technology – (XLK)*
  6. (5) Financials – (XLF)*
  7. (7) Real-Estate – (XLRE)
  8. (8) Materials – (XLB)
  9. (9) Consumer Discretionary – (XLY)
  10. (10) Healthcare – (XLV)
  11. (11) Energy – (XLE)

Weekly RRG Analysis

On the weekly Relative Rotation Graph, the Technology sector is showing impressive strength. Its tail is well-positioned in the improving quadrant, nearly entering the leading quadrant with a strong RRG heading. This movement explains Technology’s climb back into the top ranks.

Industrials remains the only top-five sector still inside the leading quadrant on the weekly RRG. It continues to gain relative strength, moving higher on the JdK RS-Ratio axis, while slightly losing relative momentum. All in all, this tail is still in good shape.

Utilities, Communication Services, and Consumer Staples are all currently in the weakening quadrant. Utilities and Staples show negative headings but maintain high RS-Ratio readings, giving them room to potentially curl back up. Communication Services is losing ground on the RS-Ratio scale but starting to pick up relative momentum.

Daily RRG: A Different Picture

Switching our focus to the daily RRG reveals a somewhat different story:

  • Industrials has moved into the lagging quadrant, losing ground on the RS-Ratio scale
  • Utilities and Staples are rolling back into the lagging quadrant with negative headings — not a great sign
  • Communication Services remains close to the benchmark
  • Technology shows the strongest tail, nearly completing a leading-weakening-leading rotation

This daily view underscores the strength we’re seeing in the Technology sector on the weekly timeframe.

Industrials: Facing Resistance

XLI dropped back below its previous high after a strong showing the week prior. There’s significant resistance between $142.50 and $145.

In a worst-case scenario, I think XLI could even retreat to the gap area between $137.50 and $139.

The uptrend remains intact, but more buying power is needed for a convincing break to new highs.

Utilities: Range-Bound

XLU is now trading in a range between roughly $80 on the downside and $83 on the upside.

It needs to break above the former high to continue building relative strength.

The raw RS line has returned to its trading range, dragging both RRG lines lower — not the strongest outlook for this defensive sector.

Communication Services: Testing Resistance

The sector peaked almost exactly at resistance offered by its previous high around $105, then closed at the lower end of the bar.

The raw RS line is managing to stay within its rising channel, albeit horizontally.

A sustained upward price movement is crucial for maintaining relative strength here.

Consumer Staples: Struggling to Break Higher

XLP continues to face heavy overhead resistance between $82 and $83.

Its inability to break higher is starting to hurt relative strength.

The raw RS line has moved down from a recent high, dragging the RRG lines lower.

The RS-Momentum line has already crossed below 100, positioning the weekly tail inside the weakening quadrant.

Technology: The Comeback Kid

XLK, the new kid on the block (again), tested its overhead resistance level around $244, peaking slightly above it last week before closing lower.

Recent strength has pushed the raw RS line convincingly higher, taking out its previous peak from mid-December.

Both RRG lines are pointing strongly upward, with RS-Momentum already above 100 and RS-Ratio rapidly approaching 100.

Portfolio Performance

With all this sector leapfrogging, especially involving the heavyweight Technology sector, the gap between the top five sectors’ performance and SPY has widened to around 7%.

The drawdown continues, but I’m sticking with this experiment and trusting the model to come back and start beating SPY again.

Yes, a 7% lag sounds significant (and it is), but it can change rapidly in such a concentrated portfolio. One or two strong weeks could easily turn this performance around, particularly if big sectors like Technology and potentially Consumer Discretionary become part of the top five.

#StayAlert and have a great week. –Julius


FMR Resources Limited (ASX:FMR) (FMR or Company) is pleased to announce it has entered into a conditional Binding Term Sheet giving it the right to earn up to a 60% interest in a highly prospective copper-gold-molybdenite project in central Chile (Transaction). The Company will joint venture (JV) into selected tenements (the JV Tenements or Concessions) within the Llahuin Project (Llahuin or the Project) held by Southern Hemisphere Mining Ltd (SUH) which overlie the Southern Porphyry Target.

Highlights

  • Large Cu-Au-Mo porphyry target untested at depth
  • Coincidental datasets suggest substantial copper porphyry system
  • Shallow historic drilling confirms porphyry mineralisation above target
  • Drilling of targets to commence early Q4 2025
  • Oliver Kiddie joins FMR as Managing Director
  • Firm commitments received for $2.2m capital raising at $0.16 through a placement to existing and new sophisticated investors
  • Mark Creasy to join the FMR register as major shareholder

The Southern Porphyry JV gives FMR exposure to a potential Company-making discovery. Coincidental datasets captured across the Southern Porphyry target area suggest a large, untested copper porphyry system below historic exploration. With proven fertility along a ~6km corridor at Llahuin, including historic shallow copper porphyry mineralisation directly above the Southern Porphyry target, this JV delivers FMR drill-ready targets for Q4 2025. The Company looks forward to updating shareholders as we progress towards maiden drilling of these exciting targets.

In conjunction, FMR is pleased to announce the appointment of Oliver Kiddie as Managing Director. Mr Kiddie is a geologist with over 20 years’ experience across exploration, resource definition, project development, and production throughout Australia and internationally. He has extensive experience in base metal and gold exploration through senior management, executive, and directorship positions, including Dominion Mining, European Goldfields, the Creasy Group, and Legend Mining.

Oliver Kiddie said:“I am very excited to be joining the FMR team as the Company expands its exploration portfolio with the Llahuin Project in Chile. I look forward to leading the Company through the next stage of growth and working with the experienced SUH team as the compelling Southern Porphyry drill targets are tested in Q4 this year, with the clear aim of a Company-making discovery.”

Project Description

Porphyry-style Cu-Au-Mo mineralisation identified to date at the Llahuin Project is largely hosted in three main mineralised zones – the Central Porphyry Zone, Cerro do Oro and Ferrocarril, which occur along a +2.5 km N-S strike (open north and south, with a total strike length of up 6 km). These zones are coincident with a north-south trending valley, potentially reflecting weathering of more regressive units or a structure.

Llahuin was initially acquired in July 2011 by SUH through an intermediary from Antofagasta plc. Drilling completed across the project to date comprises 296 holes for 64,503m with a total of 62 holes for 11,927m completed on the JV Tenements, of which 9,156m reports to the Ferrocarril zone and are therefore not relevant to the Southern Porphyry Target. Drilling has resulted in the delineation of Mineral Resources which do not form part of the JV and do not form part of the transaction (see Figures 1 and 7).

In addition to drilling SUH has completed extensive geochemical and geophysical surveys at Llahuin, including detailed magnetics (MAG), induced polarisation (IP), and magnetotellurics (MT). These datasets have indicated a “blind” porphyry-style target at the southern end of the Llahuin Project named the Southern Porphyry Target. This target is defined by a coincident magnetic anomaly, IP resistivity anomaly, and MT resistivity anomaly. The target is modelled as a circular feature 1.5km – 2km in diameter and centred approximately 1,000m below surface (see Figures 1, 2, 3, 4, and 5).

Click here for the full ASX Release

This post appeared first on investingnews.com

President Donald Trump issued a full-throated endorsement of Rep. Abe Hamadeh, R-Ariz., backing the lawmaker for re-election less than half a year into the freshman House member’s first term in office.

‘Abe Hamadeh has my Complete and Total Endorsement for Re-Election – HE WILL NEVER LET YOU DOWN!’ the president declared in a Truth Social post in which he described the congressman as ‘an America First Patriot.’

Trump endorsed Hamadeh in December 2023, ahead of the 2024 GOP U.S. House primary in Arizona’s 8th Congressional District.

But then later he issued an unusual dual endorsement of both Hamadeh and another GOP primary candidate, Blake Masters, just ahead of the 2024 contest that Hamadeh ultimately won.

Back in February Hamadeh introduced a resolution to limit the types of flags that may be displayed in House facilities, though the text of the proposal stipulates that it would not ‘apply to the individual personal office space of a Member of the House of Representatives.’

The resolution would allow for displaying the American flag and various other kinds of flags, some of which would include ‘The State flag of the represented district of a Member of the House of Representatives, displayed adjacent to the office of such Member’ and ‘The flags of visiting foreign dignitaries during an official visit.’

‘Congress is supposed to embody the AMERICAN people. That’s why I’ve introduced a resolution to ban foreign and ideological flags in the Halls of Congress. It’s pathetic that I even have to introduce this resolution,’ Hamadeh declared in a tweet this month.

Six other House Republicans are listed as cosponsors on congress.gov, including three original cosponsors and three other lawmakers listed as backing the measure this month.

‘You have inspired me and so many other young men and women to fearlessly serve our country in our nation’s Armed Services and the halls of Congress,’ Hamadeh wrote in a June 14 letter to Trump marking the president’s 79th birthday and the Army’s 250th.

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On October 7, 2023, like many around the world, I awoke to news of the horrific attacks perpetrated by Hamas against more than 1,200 innocent Israeli, American and other civilians who that day were doing nothing other than going about their lives. The television newscasts were bone-chilling – pictures of mutilated babies; of fathers, mothers, sisters, brothers slain in front of family members; of peace activists murdered in cold blood; and of the taking of 250 hostages, some of whom more than 20 months on are still being held.  

Later that day, the United States called for an emergency meeting of the United Nations Security Council to address this mass terror attack, the largest murder of Jews since the Holocaust. As the American ambassador to the UN responsible for Security Council matters, I represented the United States at the October 8 emergency meeting and demanded the council issue a statement expressly condemning Hamas for the ruthless terrorist attacks.  

Unfortunately, Russia, China and a few other council members refused to endorse such a statement. To put it simply, their refusal to call a spade a spade was abhorrent and incomprehensible. Note: To this day, the Security Council has yet to formally declare Hamas a terrorist group. 

Going into the October 8 emergency Security Council meeting, there had rightfully been much global sympathy for Israel – and certainly an expectation that Israel would have to respond militarily. However, once Israel took measures to defend itself, a right enshrined in Article 51 of the UN Charter, many nations, most notably from the Global South, condemned Israel’s response as disproportionate and used it as a rallying cry to further isolate Israel in the multilateral system and beyond.  

To me and many of my U.S. government colleagues, this was not unexpected. Since joining the UN in 1948, there has been an unfortunate decline in support for Israel at the world body, a decline that began to accelerate following the period of decolonization in the 1960s. Many former colonies wrongly began to view the Israel-Palestinian conflict through the prism of their own struggles against European colonizers, with Israel viewed as a colonizer and the Palestinians as being colonized. 

Israel’s relationship with the UN reached a nadir in 1975, when the UN General Assembly passed a highly politicized resolution equating Zionism with racism, a document that was finally revoked by the UNGA in 1991. Regrettably, efforts by the Palestinians and their supporters to isolate Israel at the UN have not abated and in fact have intensified since October 7, 2023.  

During my two-plus years in New York as ambassador, I engaged in a great deal of difficult diplomacy on the situation in Gaza and cast the sole veto of two UNSC draft resolutions related to the war, both of which lacked a clear condemnation of Hamas, a direct linkage of a ceasefire to the release of hostages, and a reference to Israel’s Article 51 rights. 

Had these texts been adopted by the council, they would not have delivered an immediate ceasefire or a release of the hostages – but certainly would have given Hamas the time and space to rearm. Other council representatives privately agreed but nevertheless felt increasing pressure from their capitals to produce a council document calling for an immediate ceasefire. 

From the beginning of the conflict through the end of the Biden administration, the U.S. regularly proffered creative alternatives on ceasefire language, while most other council members insisted on an explicit reference to an immediate ceasefire. On rare occasions, the council was able to find common ground on Gaza wording when it focused on upholding the principles of humanitarian assistance and protection of civilians. 

But when some members opted to abandon council unity and force votes on resolutions containing unacceptable ceasefire language, the U.S. was left with no choice but to exercise its veto. Before each veto was cast, we recognized the potential collateral damage to America’s international reputation; however, in our view the adoption of an unbalanced council resolution would have made a ceasefire neither practicable nor implementable given the highly charged and extremely complex situation on the ground.  

In the United States’ view, the establishment of a limited and credible negotiation channel was essential for achieving an effective, durable and sustainable end to the war. While the Biden administration didn’t achieve an end to the war on its watch, it did negotiate a three-phase diplomatic framework to pause the fighting and release the hostages, which was ultimately blessed by the council and backed by the Trump administration. 

To this day, one key factor hampering council unity on Gaza is Moscow and Beijing’s exploitation of the situation there for a clear geopolitical end: deflect international attention away from Russia’s savage war against Ukraine. In response to Russian statements in the Council on Gaza, which habitually condemned the U.S. for allegedly facilitating Israeli actions, I constantly reminded council members that Russia was in no position to criticize any country given the horrific war of aggression it was conducting in Ukraine.  

I also publicly warned Chinese diplomats that should they continue making false accusations about the U.S. concerning Gaza, I would immediately call out their country’s support to Russia’s military industrial base, refuting Beijing’s fictitious claim that it supports neither party to the conflict. Russia and China must end their politicization of Gaza and either contribute constructively to peace efforts or simply get out of the way. 

While I had expected Russia and China to take adversarial positions, I was extremely disappointed that three U.S. partners on the council, Slovenia, Algeria and Guyana, chose to regularly piggyback on Russian and Chinese political shenanigans to push for more urgent council action on the issue. Their aim was to shame the U.S. and compel it to change course from its steadfast support of Israel in the war with Hamas.  

All the while, the three had been keenly aware that Washington was conducting sensitive negotiations behind the scenes with Israel, Qatar and Egypt on steps to facilitate a durable end to the fighting and ease civilian suffering in Gaza. But instead of getting fully behind those steps and working with us in good faith, they preferred to ratchet up public pressure on the U.S. and ignore American concerns about how their actions would be manipulated by Hamas and other malign actors in the region – Iran, Hezbollah and the Houthis – to the detriment of regional peace and security.  

Given persistent council divisions over the war in Gaza, some UN member states continue to lay the diplomatic predicate for a future General Assembly resolution (non-legally binding) calling for sanctions, an arms embargo and other tough international measures against Israel. 

The recent U.S. veto of another council resolution on Gaza will certainly provide fuel for those efforts. As I write, the Palestinians and their allies continue to ponder additional pathways to go after Israel throughout the UN system. There is even discussion in some UN circles about suspending Israel’s voting rights in the General Assembly, an act that would deeply anger Washington and trigger severe political consequences for the UN.  

Since this tragic conflict began, I have been mystified as to why many UN officials believe that all the U.S. has to do is instruct Israel to end its pursuit of Hamas and then somehow a magical end to the fighting would materialize.  

On their part, I sense a genuine reluctance to treat Israel as a legitimate state with its own national security concerns. While the United States does indeed have influence with Israel, it is naïve at best for these colleagues to think America can simply dictate to Jerusalem what it should and shouldn’t do in response to what it perceives as existential threats.  

Russia and China must end their politicization of Gaza and either contribute constructively to peace efforts or simply get out of the way. 

Misguided pressure on the U.S., relentless efforts to isolate Israel, Russian and Chinese diversionary tactics, blatant antisemitism, and a reluctance by some states to compromise continue to stymie the Security Council’s ability to speak with one voice on ending the Gaza war. Until these unfortunate practices cease, the council will remain irrelevant to a resolution to Gaza and the broader Israel-Palestinian conflict. 

While no one can ignore the terrible tragedy that is now Gaza, it remains a fact that those UN member states that have influence with Hamas have made a strategic decision not to use it. The hesitancy of many countries over the years to publicly condemn Hamas as a terrorist group has only given it the oxygen it needs to carry on, no matter how much death and suffering Palestinians in Gaza continue to experience.   

To end this war, Hamas must disarm and disband. There will not be peace in Gaza until it does. Gazans deserve an opportunity to live in peace and to seek a prosperous future. Hamas’ continued rule will bring them neither. 

This post appeared first on FOX NEWS

In 1823, President James Monroe drew a firm line in the sand: the Western Hemisphere would be closed to further European interference and, most importantly, America’s primary domain of industrial, political, and military control. The Monroe Doctrine, while audacious, proved effective and laid the groundwork for the Western Hemisphere as America’s stepping stone to the rest of the world. America was not yet a superpower and could not enforce it alone, however. Instead, America aligned British naval dominance with our interests to build a coalition of opportunity. America asserted its position, secured a partner through alignment against common rivals, and laid the groundwork for its emergence as a global superpower.

We find ourselves at a similar inflection point. The battleground isn’t about territory or shipping lanes, however. Today, it’s about computing power and associated techno-industrial dominance. Given the rate of change and speed of adoption, the stakes are higher than ever. 

Artificial intelligence turns data centers into industrial hubs for exponential innovation. Today, a country’s value lies not only in human capital and raw resources but also in hardware, the sovereignty to choose its own destiny, and control of the global AI technology ecosystem. 

To maintain dominance in this new era, America needs a new Monroe Doctrine, for AI: one founded on realism, committed to fostering hemispheric stability, and laser-focused on expanding our technological sphere of influence to secure the future.

Three Core Operating Principles for a Monroe Doctrine of AI

1. Flood the world with American AI Hardware

Export controls have become the default tool for U.S. policymakers attempting to contain China’s rise in AI, but they are backfiring. Instead of crippling China, they have harmed America’s most important tech company: NVIDIA. Its market share in China has plummeted from 95% to 50% in just four years, not due to superior Chinese competition, but because U.S. policy rendered the sale illegal. 

This created a vacuum in the world’s second-largest AI market. Into that vacuum stepped Huawei, offering not only rival chips but also building an entire AI ecosystem from the ground up: rare earth mining, chip design, infrastructure, and models. They aren’t just catching up. We’re handing them the advantage.

Rather than making ourselves an unreliable trading partner for countries eager to buy our most critical export, the U.S. should saturate the free world with American chips, which are hardened at the hardware level for security and compliance. This isn’t merely about defeating China. It’s about becoming the system that others rely on. The goal is to make our stack, our chips, our software, our standards, as indispensable as the dollar. Power comes from ubiquity, not scarcity.

2. Re-anchor the Western Hemisphere

The Western Hemisphere remains America’s home-field advantage. Leaders like Nayib Bukele in El Salvador and Javier Milei in Argentina are discarding outdated anti-American orthodoxies. They are pragmatic, growth-focused, and receptive to deeper cooperation. Now is the time to act.

Nearshoring involves more than just mitigating supply chain risks; it represents an industrial strategy. The U.S. should concentrate on high-end manufacturing: data center infrastructure, power systems, and semiconductors. Meanwhile, our neighbors in the Americas can handle lower-margin but crucial production that supports AI infrastructure at a lower cost than China, along with enhanced trust and transparency. Mexico is among the most affordable locations globally for manufacturing and assembly.

Artificial intelligence turns data centers into industrial hubs for exponential innovation. Today, a country’s value lies not only in human capital and raw resources but also in hardware, the sovereignty to choose its own destiny, and control of the global AI technology ecosystem. 

Re-anchoring our hemisphere to America’s AI ecosystem is how we create a foundation for the AI age, a Marshall Plan for computing, chips, and code. Let China maintain its Belt and Road of low-cost spyware. We’ll develop a hemisphere of excellence and trust.

3. Protect the Indo-Pacific Front, The Ring of Fire

Japan, South Korea, and Taiwan are the front lines of U.S.-China tech competition. Their fabrication facilities, standards, and developer ecosystems shape the global AI ecosystem. If we don’t support them with open access to U.S. technology and customers for U.S. products, China will. China is willing, and increasingly able, to fill any vacuum we leave behind.

And it’s not just the big three who are part of the Ring of Fire. Singapore, Malaysia, the Philippines, and Vietnam are all in play. Each has a tense, complex relationship with Beijing and is actively seeking deeper tech and trade ties with the U.S. The window is open, but not forever.

That means rethinking how we deploy tools like export controls and tariffs. Tariffs misalign incentives, punish allies, and raise the cost of the very inputs we need to reshore advanced manufacturing. Export restrictions that limit friendly access only help China’s competitors build alternatives. Export controls and tariffs should hamper our adversaries, not our companies and platforms.

Let’s be clear: the primary goal isn’t to slow China down. China is going to China. The goal is to stay ahead and play to our strength: open markets that scale. That’s how we win.

The Strategic Moment

With America’s AI lead established and our exports increasingly central to global tech supply chains, it’s time to seize the moment, not squander it. If the goal is to contain China, rather than ceding market share and fueling anti-American resentment, then we need to reassess what AI means to us and the world.

With America’s AI lead solidified and our exports increasingly anchoring global tech supply chains, now is the moment to act boldly, not cautiously. If the goal is to contain China, not cede ground or fuel anti-American resentment, we must rethink what AI represents, not just as a tool, but as a geopolitical weapon of alignment.

Misguided export controls and blanket tariffs don’t protect us—they shrink U.S. market share, raise production costs, and hand China the time and space to build behind a wall of protectionism. That’s not industrial strategy. That’s industrial retreat.

The solutions are simple. What’s required is political will. If China achieves independent AGI and exports its standards to our current allies, we won’t just lose influence; we’ll lose the framework that made us a superpower. But if we establish the U.S. as the default AI stack, flood friendly markets with our computers, and build a hemispheric manufacturing base around it, we won’t just hold the lead and we’ll lock it in for a generation.

The original Monroe Doctrine laid the groundwork for the American century. It worked because we had aligned allies and clear strategic priorities. In the AI era, we need the same: nearshored production, fortified Indo-Pacific alliances, and a trade regime that builds markets, not walls.

That’s how you make Beijing panic.

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The question of a ‘day after’ plan in the Gaza Strip has plagued negotiations between Israel, the U.S., Arab nations and Hamas for months and has ultimately led to the terrorist network’s refusal to release the 55 hostages still held there. 

However, foreign policy leaders and security experts based in Washington may have the key that could provide a solution to help rebuild the war-torn Gaza Strip where others cannot: private security contractors (PSC).

PSCs, which have heavy experience in the Middle East and decades of lessons learned to draw from, could be used as non-state actors to provide stability and a path forward for the Palestinians, but they would have to start with humanitarian aid, John Hannah, former national security advisor to Dick Cheney and current Randi & Charles Wax senior fellow at the Jewish Institute for National Security of America (JINSA), told Fox News Digital.

In a plan hatched out following Hamas’ Oct. 7, 2023 attack on Israel and the subsequent outbreak of war in the Gaza Strip, a group of eight members with JINSA and the Vandenberg Coalition comprised a report that detailed how the handling of humanitarian aid could completely change security in the region. 

The plan, in part, initially looked similar to the mechanism known as the Gaza Humanitarian Foundation (GHF), which is backed by the U.S. and Israel, and which launched last month to distribute aid to Palestinians. 

However, the plan comprised by Hannah and the team took it a step further and argued that these aid actors should also be involved in rebuilding Gaza.

‘We thought humanitarian issues was the best way [forward],’ Hannah said. ‘It was the common denominator that would allow all of the major stakeholders that want to get to a better ‘day after’ – Israel, the United States, the key pragmatic Arab states – they all could agree that we can’t agree on a political vision for Palestine 10 years from now, and the issue of a Palestinian state, but we can all agree on this apple pie and motherhood issue that we don’t want to see starving, suffering Palestinians.’

The Israel Defense Forces had already detailed the need to eliminate Hamas following the deadliest-ever attack on Israel, but the group of eight experts also identified that aid, long used by Hamas to maintain power by using it to incentivize support and recruitment, and to punish opposition, needed to be the key to cementing actual change. 

‘We needed a solution on humanitarian aid,’ Hannah said. ‘And when we looked around the world, who could do this, take over the humanitarian aid? We were left with one option.’

‘We didn’t think it should be the Israel Defense Forces. Israel lacks legitimacy with the Palestinian population, and frankly, it had its hands full doing the military job of defeating Hamas,’ he added.  ‘American forces weren’t going to do it. We didn’t think Arab forces would step up and do this. And the U.N. system as it existed under UNRWA was illegitimate in the eyes of Israel.’

The group not only briefed the Biden and Netanyahu administrations on the proposal, but held numerous discussions with Israeli officials in 2024 on how such a plan could work. 

Retired U.S. Army Lt. Gen. Michael Barbero – who served as deputy chief of staff, Strategic Operations for Multinational Forces-Iraq for 2007-2008 and who was tasked by Gen. David Petraeus to create a system of accountability over PSCs in Iraq following the Blackwater incident in September 2007 known as the Nisour Square massacre – also briefed Israeli officials on how a PSC mechanism could work in the Gaza Strip.

Progress on the proposal appeared to stall by summer last year as then-President Joe Biden and Israeli Prime Minister Benjamin Netanyahu were at increasing loggerheads over humanitarian concerns and mounting civilian Palestinian death tolls. 

However, Hannah questioned whether the seed had been planted with Israel by the time the Trump administration re-entered office, enabling the GHF to come in and start distributing aid. 

The GHF, though it has distributed over 16 million meals since it began operations in late May, saw a chaotic start with starving Palestinians rushing certain sites and reports of violence unfolding. 

Though the reports of the level of chaos have reportedly been exaggerated by Hamas – which ultimately would benefit from the GHF’s failure as experts have explained – the group initially drew some criticism over transparency concerns, though the group has been looking to remedy this with regal updates.

The group, which saw its third leadership in as many weeks earlier this month, told Fox News Digital that despite some frustration among world leaders and aid groups, its goal is to work with major organizations like the United Nations and others to better distribute aid across Gaza where those programs are still flagging.

U.S. Ambassador to Israel Mike Huckabee confirmed last month that the GHF’s distribution centers would be protected by private security contractors.

Though while Washington backs the effort, State Department spokeperson Tammy Bruce has repeatedly made clear that the GHF is ‘an independent organization’ that ‘does not receive U.S. government funding.’ 

However, she has also refused to confirm whether any U.S. officials are working for the program. 

PSCs have a storied history in the Middle East, and not only the U.S. war on terror. They have been used by nations like Saudi Arabia and the UAE, which could lend them a level of acceptance that would not be attainable by another force. 

The proposal issued by Hannah and his colleagues took the use of PSCs one step beyond humanitarian aid and argued they could make a positive impact in the actual reconstruction of the Gaza Strip – an idea that was also presented to the Trump administration this year. 

‘It’s not at all foreign to these Arab parties that you might employ PSCs for certain critical missions,’ Hannah said. ‘Our idea was, let’s scale it up. Let’s unify the effort. Let’s have America and the Arabs lead it. 

‘The Arabs would put in most of the humanitarian aid workers, a lot of the financing, and then they would hire some of these international PSCs with a lot of experience to come in and protect those operations,’ he explained. ‘You’d have the Arabs engaged, which we thought was absolutely critical.’

The plan also included bringing in other international aid organizations that would work with these PSCs to expand developments like housing projects, community development and infrastructure repair to restore electricity and water.

‘And eventually, hopefully, begin to identify new leadership, local leadership in Gaza, who would be prepared to cooperate with the operations of this nonprofit entity,’ Hannah said. ‘Local Gazans of goodwill, who wanted to be rid of Hamas, who this entity could provide some support to, some protection to so they can, could begin rebuilding Gaza civil administration.’

The plan also addressed the perpetual question of how to deter the next generation of Hamas terrroirsts, particularly amid Israeli military operations.

Hannah argued this issue could be addressed by simultaneously training a ‘non-Hamas new Palestinian, local Palestinian security force’ that would not only have the trust of the local population but could also gain the trust of Israel.  

Hannah said he still believes this plan could be a tenable next step to securing the Gaza Strip but urged the Trump administration to take a more direct diplomatic role by leaning on Arab, European and Israeli partners to make it happen.

The White House did not respond to Fox News Digital’s questions about this reporting. 

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In quite possibly the sharpest regulatory U-turn thus far in 2025, the Trump Department of Energy (DOE) is proposing to roll back home appliance regulations as aggressively as the Biden administration created them. Homeowners will benefit greatly if this effort is successful. 

Dialing back the appliance red tape ought to be a slam dunk given the consumer dislike of government meddling on everything from stoves to light bulbs to furnaces. Even so, total repeal won’t be easy. The underlying statute, the 1975 Energy Policy and Conservation Act (EPCA), specifically requires the agency to impose certain energy use restrictions, thus any attempts to undo these mandatory provisions are unlikely to withstand the inevitable court challenges. 

However, the Trump DOE is wisely focusing on the many instances where Biden’s appliance regulations went beyond the law, and it is this regulatory freelancing that is ripe for correction.  

Reversing the bureaucratic excess could make a significant dent in the more than 100 appliance restrictions Trump inherited from the previous administration.  

The targets include dishwashers and washing machines, both of which rank high on the list of DOE’s most over-regulated appliances. Washington’s heavy hand has led to longer cycle times, compromised cleaning performance, and reduced reliability. The problems stem from the fact that DOE regulates both the amount of energy and the amount of water these appliances are allowed to use, though EPCA only authorizes the agency to set standards on energy.  

For this reason, DOE is now proposing to rescind the agency’s water requirements for both, which could go a long way towards fixing the problems.

Similarly, the agency is going after other superfluous appliance provisions, including those for stoves, showers, faucets, dehumidifiers and portable spas. Regulation of these appliances won’t go away completely, but it would revert to the minimum the law requires and no more. 

DOE plans to go even further with other appliances that were never mentioned in EPCA and should have been entirely excluded. This includes microwave ovens, gas fireplaces, outdoor heaters, air cleaners, portable air conditioners and wine chillers. These products would no longer be subject to any DOE efficiency regulations whatsoever.

At the same time it is repealing or revising past regulations, DOE has proposed reforms discouraging unnecessary future measures. Similar reforms were first enacted during the Clinton administration and later expanded under the first Trump administration, but they were later cut back by the Biden administration. They include many commonsense safeguards against over-regulation, such as ensuring any new rules don’t affect product features and performance or impose unnecessary costs.

Perhaps most importantly, the proposed reforms align with Trump executive orders reversing the Biden administration’s near-obsession with climate change in regulatory matters.  The Biden DOE routinely used climate change as a justification for tighter appliance rules, despite provisions in the law prioritizing consumer utility over environmental considerations. The Trump DOE is again putting consumers first, which almost always leads to less regulation rather than more.

Secretary of Energy Chris Wright summed up the goal of these deregulatory efforts when he said ‘the people, not the government, should be choosing the home appliances and products they want at prices they can afford.’ Those words are quite a reversal from the previous administration which boasted of its many appliance crackdowns, but they represent a welcome change for American homeowners. 

   

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Anne Wojcicki, the co-founder and former CEO of 23andMe, has regained control over the embattled genetic testing company after her new nonprofit, TTAM Research Institute, outbid Regeneron Pharmaceuticals, the company announced Friday.

TTAM will acquire substantially all of 23andMe’s assets for $305 million, including its Personal Genome Service and Research Services business lines as well as telehealth subsidiary Lemonaid Health. It’s a big win for Wojcicki, who stepped down from her role as CEO when 23andMe filed for Chapter 11 bankruptcy protection in March.

Last month, Regeneron announced it would purchase most of 23andMe’s assets for $256 million after it came out on top during a bankruptcy auction. But Wojcicki submitted a separate $305 million bid through TTAM and pushed to reopen the auction. TTAM is an acronym for the first letters of 23andMe, according to The Wall Street Journal.

“I am thrilled that TTAM Research Institute will be able to continue the mission of 23andMe to help people access, understand and benefit from the human genome,” Wojcicki said in a statement.

23andMe gained popularity because of its at-home DNA testing kits that gave customers insight into their family histories and genetic profiles. The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company. At its peak, 23andMe was valued at around $6 billion.

The company struggled to generate recurring revenue and stand up viable research and therapeutics businesses after going public, and it has been plagued by privacy concerns since hackers accessed the information of nearly seven million customers in 2023.

TTAM’s acquisition is still subject to approval by the U.S. Bankruptcy Court for the Eastern District of Missouri.

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