
Scoop: Pro-Collins super PAC raised $5.6 million in first half of 2025
Why it matters: Collins, the only Republican senator to represent a state won by former Vice President Harris, is a top target in 2026 for Senate Minority Leader Chuck Schumer (D-N.Y).
But money won't be her problem.
Her challenge will be to do as she did in 2020 — separate herself from President Trump without alienating his MAGA base. She won Maine by nearly nine percentage points that year, and Trump lost it by eight.
By the numbers: The pro-Collins PAC, called Pine Tree Results this cycle, will report $5.4 million cash on hand, according to a person familiar with its filing, due later this month.
In 2020, the 1820 PAC spent nearly $12 million to help Collins defeat Sarah Gideon, a well-financed candidate who was then the speaker of the state House of Representatives.
In the 2026 cycle, the new PAC plans to raise twice as much, according to the person familiar with the matter.
Collin's official reelection campaign reported $3.2 million in cash on hand at the end of March, having raised $550,000 in the first quarter. Its second quarter numbers are due on July 15.
Zoom out: Democrats are still looking for a marquee candidate to challenge Collins.
National Democrats are hopeful that Gov. Janet Mills (D), who has tussled with Trump, will decide to enter the race.
Jordan Wood, a former House chief of staff and Democratic political operative who grew up in Maine, has moved home to run against Collins.
Zoom in: Collins has continued to sharpen her independent brand in Trump's second term.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Business Insider
34 minutes ago
- Business Insider
From rice to digital services, here is what's making trade negotiations difficult for the Trump administration
The 90-day tariff pause did not yield 90 announced trade deals. After giving 75 trading partners a three-month tariff pause and telling Time in an April interview that he "100%" has "made 200 deals," President Donald Trump came away with three trade deals, some tentative, as of mid-July. Months of negotiations with Japan, Korea, and Thailand have not yielded agreements. As Trump sends out a new round of tariff letters to over 20 countries, threatening some with tariffs as high as 50%, trade experts told Business Insider that many sticking points stand in the way of quick trade deals. Navin Girishankar, president of the Economic Security and Technology Department at the Center for Strategic and International Studies, told Business Insider that the Trump administration believes that unpredictability and ratcheting up tariffs give them leverage, but it remains questionable if that is effective. "I'm actually feeling that it's more and more the loss of leverage," said Girishankar. "Because the reason we're shifting timetables is because we're not able to get to the deals that we think are acceptable." Domestic politics throw a wrench in negotiations Multiple trading partners that Trump is negotiating with are dealing with elections and policies that are popular in their respective countries. Girishankar told BI that, for example, Korea has a draft of a digital platform bill that its legislators see as important to national security. But the issue is, Girishankar says, the bill would be considered a barrier to entry for US tech companies like Meta and Google if it passes. Trump has also been complaining on social media that Japan won't import rice from the US, while the US imports a large number of cars from the Asian country. Drew DeLong, lead in geopolitical dynamics practice at Kearney, a global strategy and management consulting firm, told BI that Japan has been under a lot of domestic pressure because it has an upper house election in late July. "Once that's finished," said DeLong, "It will be important to watch how PM Ishiba handles the Trump relationship with less domestic political pressure." Despite representing a relatively small part of the national GDP, the agriculture sector in Japan has cooperatives with significant lobbying power that have gained protectionist measures on staple crops like rice. "Agriculture has historically been a very challenging component of any trade agreement. Farmers are an important constituency in both countries," Girishankar added of the US and Japan. Ann Harrison, dean of the University of California, Berkeley's Haas School of Business, told BI that the Trump administration may have simply set itself up for "a herculean task." "Different countries have different sensitivities, like how it's the auto industry for Japan, and lumber and pharmaceuticals for Canada," said Harrison. "That's why any meaningful trade deals typically take three years and won't happen in such a short period of time." China complicates trade deals Though the tariff pause on China doesn't expire till mid-August, the manufacturing hub casts a long shadow. Harrison said the Trump administration needs to balance its need to reduce the trade deficit, without going so far that it would push Asian allies like Vietnam and the Philippines toward a closer alliance with China. "It's politically interesting that the US gave Vietnam and the Philippines some of the lower tariffs," said Harrison. "This is also becoming a militarily loaded decision as much as an economic one." In March, Defense Secretary Pete Hegseth met with Philippine President Ferdinand Marcos Jr. and said the two countries, which have been fighting "shoulder-to-shoulder" since World War II, will work toward "reestablishing military deterrence" in the Indo-Pacific region. DeLong also said that the transshipment issue — one country rerouting its goods through another country, potentially to evade higher tariffs — has also made a comeback in the agreement with Vietnam, mostly due to concerns that China would reroute shipments to the US through Southeast Asia. "Still unclear how this will work mechanically," said DeLong. "Higher RVC thresholds? Port of shipment tracking? Headquarters country of origin?" According to statistics from the General Administration of Customs in China, the total value of China's exports to Vietnam increased by at least 15% every month in 2025 compared to the same months in the previous year. Girishankar echoed the concerned that transshipment would be complicated to implement and define, though he understands what the administration is attempting to achieve. "Some countries are worried that literally any Chinese content can be considered a transshipment," said Girishankar. "Bilateral negotiations with countries are also being used as the main way of achieving a global rebalancing of trade deficits, which is really challenging."


Newsweek
34 minutes ago
- Newsweek
Russia Sends North Korea's Nukes Signal to US Allies
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Russia has backed North Korea's nuclear program and warned Washington not to team up with regional Asian allies against Moscow and Pyongyang, following military drills between the U.S., Japan and South Korea. During a visit to North Korea, Russian Foreign Minister Sergei Lavrov said Moscow "respects" Pyongyang's nuclear ambitions. He also said that Russia and North Korea have taken note of President Donald Trump's statements about Washington resuming contact with Pyongyang. Newsweek has contacted the Russian foreign ministry for comment. This image from January 20, 2022 shows a woman in Seoul, South Korea, walking past a news broadcast showing file footage of a North Korean missile test. This image from January 20, 2022 shows a woman in Seoul, South Korea, walking past a news broadcast showing file footage of a North Korean missile test. JUNG YEON-JE/Getty Images Why It Matters Lavrov's visit comes after after South Korea, Japan and the U.S. conducted a joint air drill with a U.S. B-52 strategic bomber and fighter jets over international waters. Lavrov's view are the latest signal of deepening ties between Russia and North Korea but also suggest that Pyongyang's atomic program is acting as a deterrent. His teasing of a resumption in contacts between Pyongyang and Washington is also significant. What To Know Lavrov started a three-day visit to North Korea by meeting his counterpart Choe Son Hui in the resort city of Wonsan on Saturday. The Russian foreign minister said Moscow respects and understands why Pyongyang is developing its nuclear program, which is the "work of its own scientists," according to state news agency Tass, suggesting Moscow was not collaborating with Pyongyang in this regard. Lavrov's comments about Pyongyang's program also referred to how North Korea had drawn "the necessary conclusions long before the Israeli and U.S. strikes on Iran." Trump ordered strikes on Iranian nuclear facilities in June to destroy Tehran's ability to make a nuclear weapon. Lavrov also warned the U.S. and its regional allies South Korea and Japan against teaming up to target Russia and North Korea. "No one is considering using force against North Korea despite the military buildup around the country by the United States, South Korea, and Japan," Lavrov said, following the military drills on Friday that were condemned by Pyongyang. Lavrov added that Trump had "expressed support for resuming contacts with North Korea," according to Tass without offering any further details. What People Are Saying Russian Foreign Minister Sergey Lavrov: "We respect North Korea's aspirations and understand the reasons why it is pursuing a nuclear development." He added: "President Trump has expressed support for resuming contacts with North Korea, including at the highest level. We have heard this, and our Korean friends have also heard it." The head of Ukrainian military intelligence, Kyrylo Budanov told Bloomberg of Pyongyang's supplies of munitions to Moscow: "North Korea has huge stockpiles and production goes on around the clock." What Happens Next Lavrov's visit comes weeks after Pyongyang agreed to send an additional 6,000 personnel to Russia's Kursk region where thousands were deployed last year. His remarks signal that military co-operation between Moscow and Pyongyang is likely to deepen. Head of Ukrainian military intelligence, Kyrylo Budanov told Bloomberg that North Korea is now supplying 40 percent of Russia's ammunition for the war against Ukraine.

Business Insider
41 minutes ago
- Business Insider
Here's the stock-market playbook for the August 1 tariff deadline
Investors waited anxiously for the July 9 tariff deadline only to be met with a new date of August 1, and while the window for negotiations has been pushed out, tariffs are likely still coming. President Donald Trump committed to the new date this week, stating that no new extensions would be granted. His updates included a barrage of tariff letters to more than 20 countries, with threats of 25% tariffs on Japan and South Korea, 50% on Brazil, and 35% on Canada. Even as investors hope that the TACO trade will save them again, market pros told Business Insider this week that there are ways to position for the coming deadline. Here's what they're bullish and bearish on as the market barrels toward the August 1 "T-Day." Bullish Tariffs are aimed at benefiting companies that manufacture in the US. While it's not certain to what extent factory jobs will return, there are some existing domestic industries with positive exposure to the trade war. Trump's 50% tariff on all copper imports announced this week, for instance, should point investors toward some specific areas of the market. Henry Yoshida, CEO of Rocket Dollar, told Business Insider that he sees positive tailwinds for US copper producers, specifically Freeport-McMoRan and Souther Copper Corporation, two companies recently named by Morgan Stanley as likely winners. "These companies, which specialize in copper, would benefit from increased pricing power as tariffs would make copper imports more expensive," he stated. Apart from Copper, Yoshida added that he sees growth ahead for tech companies that build semiconductors in the US. That industry is also set to benefit from the recently passed One Big Beautiful Bill Act, which includes a valuable tax credit for chipmakers. "Chipmakers that predominantly have US-based manufacturing, such as Texas Instruments and Intel, could see upside gains as tariffs may shift demand to domestic suppliers." Julia Khandoshko, CEO of financial planning firm Mind Money, issued a similar perspective. "In the short term," she said, "semiconductor companies like Intel and Nvidia could come out ahead, since the US will likely push harder for domestic chip production." Bearish Mark Malek, Chief Investment Officer at Siebert Financial, recently said that while much remains uncertain about tariffs, some sectors are particularly exposed to risks from the trade war. "From a sector perspective, the most exposed are Consumer Discretionary and Technology, which are sectors deeply reliant on global manufacturing. Further downstream, mass retailers, which depend heavily on low-cost imports, face pricing challenges and potential margin compression." Other experts see high exposure to China as dangerous for companies, particularly as the top US trade partner has promised to retaliate if Trump takes further action against it. From Yoshida's perspective, scaling back on big tech investments makes the most sense. However, he took a different stance on Nvidia than Khandoshko, citing its high exposure to the Chinese supply chain. Along with Apple and Qualcomm, he named Nvidia as a stock investors should consider selling before August 1. He added, though, that he also sees both Tesla and General Motors as being highly vulnerable to the tariff impact, signaling a potential blow to the broader auto market. "GM sells more cars in China than in the US, and both companies rely heavily on China-based production facilities and parts sourcing," he stated. "In retail, Nike faces particular vulnerability, with over 40% of its manufacturing occurring in China." Tom Bruni, Editor-in-Chief and VP of Community of Stocktwits, expressed a similar take, highlighting the risk for companies with heavy dependence on global supply chains, specifically strong links to China. "Apple's heavy manufacturing presence in China, Tesla's reliance on Chinese battery cells/materials, and Walmart 's importing large volumes from affected countries are three of the most prominent examples of companies caught in the crosshairs," he said. Bruni added that in his view, Apple is the bellwether for how the rest of the market reacts to tariff-driven China trade disruptions. "[Apple] has by far the most manufacturing risk," he stated. "How leadership navigates these tariffs and the overall geopolitical environment will set the tone for the rest of the market."