Blackstone Minerals (BSX:AU) has announced Blackstone Merger to Acquire World Class Copper Gold Project
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Blackstone Minerals (BSX:AU) has announced Blackstone Merger to Acquire World Class Copper Gold Project
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Blackstone Minerals (BSX:AU) has announced Blackstone Minerals – Investor Presentation – February 2025
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Blackstone Minerals (BSX:AU) has announced Reinstatement to Quotation
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The United States Agency for International Development (USAID) has recently become the target of Elon Musk’s DOGE efforts to slash government waste and spending, bringing increased scrutiny to the record of Samantha Power, the agency’s administrator during almost the entire Biden administration.
Power, who previously served as the United States ambassador to the United Nations from 2013 to 2017 in the Obama administration after serving on his National Security Council, took the reins of USAID in the early days of the Biden administration and was tasked with overseeing the tens of billions of dollars budgeted for foreign aid.
‘One of the most pressing challenges facing our nation is restoring and strengthening America’s global leadership as a champion of democracy, human rights, and the dignity of all people,’ then-Vice President-elect Kamala Harris said in a statement at the time of Power’s appointment. ‘Few Americans are better equipped to help lead that work than Ambassador Samantha Power.’
Power was directly involved in the Obama administration’s surveillance of Trump’s 2016 presidential campaign and sought to obtain Michael Flynn’s redacted identity using an ‘unmasking’ request on at least seven occasions, Fox News Digital previously reported, despite testifying under oath before the House Intelligence Committee that she had ‘no recollection’ of ever making such a request even once.
Fox News reported in 2017 that Power was ‘unmasking’ at such a rapid pace in the final months of the Obama administration that she averaged more than one request for every working day in 2016, and she even sought information in the days leading up to President Trump’s inauguration, according to multiple sources close to the matter.
Power’s tenure at USAID was also not without controversy, even from her own party, including an incident in which she faced a public revolt from current and former staff in 2024 over her support of Israel.
Critics also took issue with her repeatedly meeting with influential liberal foundations while serving in her role at USAID, which Fox News Digital reported in 2023, included George Soros’ Open Society Foundations at least two times, the Bill and Melinda Gates Foundation at least five times, and meetings with several other powerful groups like Ford and Rockefeller foundations.
Power’s supporters say she has played a critical role in providing U.S. assistance to war-torn areas like Ukraine and Gaza along with aiding the relief of humanitarian crises that have developed in places like Haiti, Armenia and Sudan.
‘The best testament to USAID’s contribution is the surge in PRC-backed and Russian-backed propaganda maligning USAID and our work around the world,’ Power said in an exit interview with Politico last month. ‘And it’s really picked up a lot over the last year and a half. We counted 81 malicious and false propaganda campaigns, really dedicated campaigns, aimed at denigrating USAID and our reputation. So we’re doing something that is getting on their nerves.’
Power, who is married to former Obama administration official and professor Cass Sunstein, added, ‘We are an agency that has thousands of people around the world representing the United States, both because it’s in the interests of the American people to have health systems that are more secure and can spot infectious diseases and tackle them, to change regulations so it’s easier for American businesses to invest, but also to show up and to show the importance of investing in the partnership — and not investing in a manner that just leaves countries saddled with debt.’
USAID has been increasingly questioned by Republicans over its alleged funding of research relating to the coronavirus at the Wuhan Institute of Virology in China, as well as millions in aid that supports LGBT rights abroad and dozens of millions of dollars for migrant crises in other countries, like the nearly $45 million slated to provide emergency food assistance and economic support for Venezuelan migrants in Colombia.
Democrats counter that the agency plays a vital role in U.S. national security interests and say it should remain independent. They point to the work USAID did to counter Soviet influence during the Cold War, a sphere of influence that could remain a concern amid China’s Belt and Road Initiative.
Tech billionaire and DOGE Chair Elon Musk has been on a warpath against USAID, which is an independent U.S. agency that was established under the Kennedy administration to administer economic aid to foreign nations, as he leads DOGE’s mission of cutting government fat and overspending at the federal level.
Musk announced in an audio-only message on X over the weekend that ‘we’re in the process’ of ‘shutting down USAID.’
‘On Friday, February 7, 2025, at 11:59 pm (EST) all USAID direct hire personnel will be placed on administrative leave globally, with the exception of designated personnel responsible for mission-critical functions, core leadership and specially designated programs,’ USAID’s website currently says. ‘Essential personnel expected to continue working will be informed by Agency leadership by Thursday, February 6, at 3:00pm (EST).’
A Fox News Digital review of USAID’s recent history shows that it has repeatedly been accused of financial mismanagement and corruption long before Trump’s second administration, with spending that took place under Power’s reign likely to continue to be a focus of conversation with Republicans.
Sen. Tom Cotton, R-Ark., sent a letter to Power in October 2024, sounding the alarm on the ‘likely misuse of more than one billion dollars in U.S. humanitarian aid sent to Gaza since October 2023,’ Fox Digital reported at the time.
A Syrian national named Mahmoud Al Hafyan, 53, was charged in November 2024 for allegedly diverting more than $9 million in U.S.-funded humanitarian aid to terrorist groups, including the Al-Nusrah Front. The Al-Nusrah Front, also known as Hay’at Tahrir al-Sham, is a designated terrorist organization with ties to al-Qaeda, according to the State Department.
The Government Accountability Office published a report in 2023 finding that both USAID and the National Institutes of Health directed taxpayer funds to American universities and a nonprofit organization before the money found its way to Chinese groups, including the Wuhan Institute of Virology.
Eight auditors and employees for the USAID inspector general’s office sounded the alarm to the Washington Post in 2014 that negative findings surrounding the agency’s work were removed from final reports and audits.
Trump repeatedly proposed slashing the nation’s foreign aid budget for USAID and the State Department during his first administration, including proposing in his first year in office to slash the budgets by 37%, which Congress rejected.
‘With $20 trillion in debt, the government must learn to tighten its belt,’ Trump said in 2017 while advocating for the cuts.
Power sat down with late-night host Stephen Colbert on Tuesday night and defended USAID’s work and warned against shutting it down, claiming that children overseas in line for tuberculosis treatment were told to go home as a result of Trump’s executive order.
‘Programs that were running, the people we’re depending on, in some cases, for life-saving medicine, like medicine, if you have HIV, that keeps you alive, quite literally,’ Power told Colbert. ‘Or if you’re in Sudan and you have a child who’s wasting away because of malnutrition, a miracle paste, a peanut paste that USAID provides brings that kid back from the brink of death. All of those programs are shuttered.’
Democrat lawmakers took part in a rally against DOGE on Tuesday outside the Treasury Department, arguing that Musk’s actions are unconstitutional and a threat to Democracy.
‘My heart is with the people out on the street outside USAID, but my head tells me, ‘Man, Trump will be well satisfied to have this fight,’’ veteran strategist David Axelrod, who served with Power in the Obama administration, said this week. ‘When you talk about cuts, the first thing people say is: Cut foreign aid.’
Fox News Digital’s Caitlin McFall, Emma Colton and Gregg Re contributed to this report
At least 104 Indian citizens were deported from the United States Tuesday night on a military aircraft, according to officials from India’s Punjab state, as US President Donald Trump makes stemming migration a top priority.
The C-17 aircraft, carrying migrants mainly from India’s Gujarat, Maharashtra and Punjab states, landed Wednesday afternoon local time in the northwest city of Amritsar, Punjab officials said.
It marked the longest distance flight since the Trump administration began deploying military aircraft for migrant transportation, according to a US official.
Shortly after Akashdeep’s arrival to the US in January, he was detained and deported from there, his cousin said. “His parents are happy that he has not spent ten years in jail and is returning. At least he is alive,” Manriasat added.
Akashdeep’s story is not unique. In just four years, the number of Indian citizens entering the US illegally has surged dramatically — from 8,027 in the 2018 to 2019 fiscal year to 96,917 during 2022 to 2023 period, government data showed.
Young Indians looking for work opportunities have made up a sizeable portion of undocumented migrants in the US, some of whom are making the dangerous trek through Latin America to reach the US southern border.
Lakbhir Singh, a former Punjab village leader, knows one of the deported Indian citizens.
He said the repatriated man’s “family is distraught.” The family had sold their property and spent thousands of dollars “to send their son abroad and the boy came back,” Lakbhir said.
He said unemployment was driving young people in his area to leave. “The youth want to live a good life,” he said. “The government should do something about it, instead of flashing their names and villages on television. They should deal with the problem at the core of it.”
While the Indian government has announced their intent to receive its deported citizens back, local leaders are calling for greater measures to be taken to address the root of the problem.
“This is my request to the federal government,” the Punjab State Minister of Non-resident Indian Affairs, Kuldeep Singh Dhaliwal, said to local media on Wednesday after meeting the deported individuals.
“I especially request that Prime Minister Narendra Modi should sit with the US President Donald Trump and find a solution to whatever is happening or is going to happen.”
Here is a quick recap of the crypto landscape for Wednesday (February 5) as of 9:00 a.m. UTC.
Bitcoin started the day trading at US$98,509, reflecting a 0.96 percent decline from its previous close. The day’s trading range saw a high of US$100,797 and a low of US$96,026.
Ether is priced at US$2,803.29, marking a 0.87 percent increase over 24 hours. The cryptocurrency reached an intraday high of US$2,870.86 and a low of US$2,634.37 on Tuesday (February 4).
SOL is currently valued at US$206.53, 1.6 percent lower across 24 hours, after hitting a daily high of US$218.29 and a low of US$202.45.
XRP fell to US$2.44 before North American markets opened and rose to its highest value of US$2.70 at 8:00 a.m. UTC. The cryptocurrency is currently valued at US$2.56.
SUI is trading at US$3.63, a 5.2 percent boost, after a daily high of US$3.89 and a low of US$3.44.
Meanwhile, ADA is still up, priced at US$0.7698, reflecting a 2.1 percent increase over 24 hours. Its highest price on Wednesday was US$0.7861 and its lowest was US$0.7242.
Trump’s tariff threats over the weekend led to a sharp selloff in the cryptocurrency market, with Bitcoin dropping from around US$105,000 to a low of US$92,000 before rebounding above US$100,000 on Monday.
The announcement of a temporary pause on tariffs against Mexican and Canadian goods helped stabilize market sentiment.
While Bitcoin managed to recover some losses, other cryptocurrencies faced continued pressure. Ethereum, Dogecoin, and several altcoins posted double-digit declines.
Even Trump’s own meme coin saw one of the steepest drops, trading at around US$19 on Monday—down 75 percent from its all-time high set during his second inauguration.
Meanwhile, in Washington, Trump’s administration is assessing the feasibility of establishing a U.S. Bitcoin reserve.
White House crypto czar David Sacks stated that an internal working group is reviewing the concept, though no formal decisions have been made. Sacks emphasized that the administration is in the early stages of developing its digital asset policies.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Mattel could soon raise the prices of toys such as Barbie and Hot Wheels in response to new tariffs imposed by President Donald Trump, executives said Tuesday.
The toy giant, which manufactures about 40% of its toys in China and less than 10% in Mexico, told analysts it will look to move around its supply chain to mitigate the effect of tariffs, but it is also considering price hikes.
“Certainly against the tariff, we have a range of mitigating actions,” said finance chief Anthony DiSilvestro on the company’s fiscal fourth-quarter earnings call. He said those actions include leveraging Mattel’s supply chains and “potential price increases.”
“We do work closely with our retail partners to achieve the right balance and always keep consumers in mind when we consider pricing actions,” he added.
The comments come after Trump imposed a 10% tariff on Chinese goods this week. He also paused planned 25% duties on imports from Mexico and Canada for 30 days.
Economists on both sides of the aisle have agreed that the levies will likely lead to price increases for consumers. There is no guarantee Trump will impose the tariffs on Mexico and Canada, as he has often used the threat of duties as a negotiating tactic to bend foreign governments to his will.
Shortly after Trump announced the 25% tariff on goods from Canada and Mexico, both countries announced they would bolster security at their respective borders, leading Trump to suspend the duties. The two nations had already been enhancing border security before Trump’s threat.
China and the U.S. have yet to come to a similar agreement to avoid the tariffs. If the 10% duty remains in effect, it will have a significant effect on the toy industry, which sources about 80% of its goods from the region.
While companies such as Mattel have said publicly that they plan to leverage their supply chains and work with suppliers to mitigate the effects of the tariffs, executives have admitted privately that they are loath to take on the cost themselves and reduce profits. If they are not able to pass on the entire cost of the tariffs to suppliers, some plan to have consumers pay the rest through price hikes.
Some companies with diversified supply chains such as Mattel, which operates its own and third-party factories in seven different countries, have more flexibility to move production and lean on suppliers to lessen the hit to profits. It also does about 40% of its business outside of North America, where tariffs are not being imposed in the same way they are in the U.S.
By 2027, Mattel expects sourcing from Mexico and China to represent more than 25% of total global production, down from about 50% now. It does not currently source from Canada.
WASHINGTON, D.C. – Protesters rallying against the sweep of the U.S. Agency for International Development (USAID) say that ending ‘corporate welfare’ should be prioritized over looking at money being reportedly funneled to terror-linked groups.
Elon Musk’s Department of Government Efficiency (DOGE) has been conducting a review of ‘waste’ identified within USAID, the government agency that handles the distribution of foreign aid.
According to an analysis by the Middle East Forum, first reported by the Wall Street Journal, the USAID and State Department have funneled at least $122 million to groups aligned with designated terrorists and their supporters. A White House report also identified $15 million of taxpayer dollars being spent on condoms for the Taliban, a known terrorist group.
On Wednesday, Fox News Digital asked individuals protesting the USAID cuts outside the U.S. Capitol their thoughts about the agency reportedly funding terrorist-aligned groups.
‘I don’t want to hear anything about funding until we stop corporate welfare,’ one protester, who was wearing a mask, told Fox News Digital.
‘I think before we talk about funding that we’re sending off to other countries or devoting to poor people in this country that need help,’ he added, ‘we need to talk about the billions in subsidies that we give to corporations like Tesla, like Space X.’
Another individual, also wearing a mask, said giving money to issues that don’t prioritize helping Americans is ‘crazy.’
‘We need to be worrying about our people. We’re not out here giving money to help our people here and suffering,’ they told Fox. ‘Any money going toward other issues is just crazy.’
Asked about funding to terrorist-linked groups, Michael, a member of Veterans for Peace, said, ‘Funding has to be looked at, but I would suspect that that’s a very small minority of the funding that the U.S. does.’
‘Foreign aid is less than 1% of the U.S. budget. So it’s a very small monetary number,’ he added. ‘And like all programs, it needs to be evaluated every so often. And I think that the small number of programs who supposedly are connected with unsavory type groups are in the minority.’
The protesters all expressed opposition to Musk’s role in the Trump administration as he spearheads efforts to cut costs within the federal government.
‘If the White House would take the time to look at where the funding goes, I think they’d be more than happy with the results and the impact of U.S. taxpayer dollars to make the U.S. safer, stronger, and more prosperous,’ said Mary, who is retired.
Several Democratic lawmakers spoke at the rally, including Sen. Chris Van Hollen of Maryland, Sens. Mark Warner and Tim Kaine of Virginia, Rep. Gregory Meeks of New York, and Reps. John Garamendi and Lateefah Simon of California.
The White House issued a report that revealed where taxpayer dollars have been funneled through the agency, such as over $400,000 to ‘help Indonesian coffee companies become more climate and gender friendly through USAID.’
Musk said on X that he and President Donald Trump came to an agreement that the agency needed to be shut down.
Fox News Digital’s Emma Woodhead contributed to this report.