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Forbes Daily: Immigration Protests Spark California Enforcement Face-Off

Forbes Daily: Immigration Protests Spark California Enforcement Face-Off

Forbes19 hours ago

Dave's Hot Chicken is known for bringing the heat—and an unlikely group is reaping the rewards from the restaurant chain's success.
The fried chicken company said last week it sold 70% of its business to private equity giant Roark Capital—which also owns brands like Subway, Dunkin' and Buffalo Wild Wings—at a $1 billion overall valuation. Its four cofounders struggled to pull together $900 to launch the first Dave's popup, but they'll now each pocket around $80 million pre-tax.
Timing was key for Dave's. Chicken overtook beef as the most popular meat in the U.S. in 2010, and the trend is boosting other chains like Raising Cane's and Wingstop. Still, the company says it isn't worried about competitors. 'I went into a Popeye's and had their spicy chicken sandwich and said, 'We're going to be rich,'' says CEO Bill Phelps.
Demonstrators protest outside a downtown jail in Los Angeles following two days of clashes with police during a series of immigration raids on June 8, 2025.
Protests against President Donald Trump's immigration raids broke out Friday and continued through Sunday in Los Angeles, leading Trump to deploy National Guard troops—a move criticized as 'inflaming tensions' by California Governor Gavin Newsom and Los Angeles Mayor Karen Bass. At least 60 people were arrested in San Francisco by early Monday after protesters gathering in solidarity with Los Angeles clashed with police.
Despite questions around economic uncertainty in the wake of Trump's tariffs, the U.S. job market was relatively strong in May, according to a monthly report from the Labor Department. The positive data came after an earlier report last week showed the weakest monthly private sector job growth in more than two years, and stocks ended the day on a high note.
Analysts worry Elon Musk's dust-up with President Donald Trump could further weigh on the already-beleagured Tesla, and on Thursday, a group of Goldman Sachs analysts cut their prediction for the company's sales. The analysts slashed their forecast for second-quarter Tesla vehicle deliveries to 365,000, which would be an 18% decline from the same period last year—the weakest quarterly delivery growth since at least 2015.
The fight cost Elon Musk, with his fortune falling by $27 billion Thursday, but he's still come out ahead from his relationship with President Donald Trump. The world's richest man is still $145 billion richer than he was before endorsing Trump last July, worth $394 billion as of late Friday.
A SpaceX Falcon 9 rocket launches from the Kennedy Space Center, carrying the Intuitive Machines Moon Lander Athena as part of NASA's Commercial Lunar Payload Services initiative.
The biggest casualty of the feud could be NASA: Last week, Trump considered canceling Musk's government contracts, and Musk responded that SpaceX would decommission its Dragon spacecraft, though he later reversed course. NASA relies heavily on SpaceX for its operations—the company's rockets launched more than half of NASA's space missions last year—and while the agency has other partners in aerospace, many are years behind SpaceX in terms of development.
MORE: While SpaceX has made itself indispensable to the government, some types of contracts could still be vulnerable for cancellation if Trump follows through on his threat. And the administration could make a greater impact by steering new business to others and reorienting its plans.
The Maryland man whom the Trump Administration mistakenly deported to El Salvador was returned to U.S. custody, despite the White House previously insisting it could not bring him back. The administration indicted Kilmar Abrego Garcia on charges of transporting undocumented immigrants after repeatedly claiming without evidence that he belonged to gang MS-13, which he and his family have denied him having any association with.
Temi Fagbenle and the Golden State Valkyries have attracted 10,000 season-ticket buyers—around the same number the Warriors have in the same arena.
The WNBA's Golden State Valkyries are near the bottom of the Western Conference standings in their inaugural season as they start from scratch, but the Bay Area team has already guaranteed itself success on its balance sheet. Forbes estimates the team has locked in at least $20 million in sponsorship revenue this season and is projected to earn another $35 million from its 10,000 season-ticket holders and various premium ticket packages—figures that dwarf what any other WNBA team can generate.
Venture capital veteran Theresia Gouw
Venture capitalist Theresia Gouw is a woman of many firsts. Born in Indonesia to parents of Chinese descent, Gouw immigrated to the U.S. when she was 3 years old. She later became the first person in her high school to attend Brown University, the first female partner at venture capital powerhouse Accel and cofounder of one of the first female-led VC firms in Silicon Valley.
'The American dream is so central to my personal story,' she told Forbes in 2023.
She now has another 'first' to add to her list. Gouw is America's first woman billionaire venture capitalist, worth an estimated $1.2 billion. Much of her fortune stems from her 15-year tenure at Accel, where she was part of the team that led that firm's lucrative early bet on Facebook (now called Meta).
She now runs Acrew Capital, an early-stage venture capital firm that she cofounded in 2019. Acrew raised $700 million in October to invest in data and security, health and fintech startups, bringing the firm's assets under management to $1.7 billion—with an emphasis on diversity, especially through its Diversify Capital Fund.
Women made up just 17% of VC decision makers in 2024, per a PitchBook report. Things likely won't move toward parity anytime soon. On President Donald Trump's first day in office, he issued an executive order mandating the termination of all federal DEI programs that have supported women, people of color, individuals with disabilities and others. In addition, some of the world's biggest companies with powerful corporate venture capital arms, including Google, Meta and Goldman Sachs, have rolled back DEI initiatives.
WHY IT MATTERS How Gouw will respond to the new political environment isn't clear, but for many years she has been a strong advocate for DEI, doubling down on the practice in several ways: starting Acrew, with a founding investment team that's 83% women or people of color; spearheading an initiative to bring historically Black colleges and universities into the VC world; cofounding DEI-focused fund of funds First Close Partners (now with $30 million in assets); and cofounding All Raise, a nonprofit that helps female founders and investors in Silicon Valley network and find mentors.
MORE America's Richest Self-Made Women
President Donald Trump's 'Big, Beautiful Bill' that passed the House could cause millions to lose coverage through changes to the Affordable Care Act, according to the Congressional Budget Office. It also institutes work requirements for SNAP and Medicaid that would take effect in 2026:
Approximately 7.8 million: The estimated number of people who could lose Medicaid coverage
$715 billion: How much the bill aims to slash in Medicaid, along with $300 billion in SNAP, also known as food stamps
71%: The share of working-age adults on Medicaid who were working full or part time or in school, while an additional 12% were caregivers, according to a 2023 report
There's no perfect time to start a side hustle, but simply getting off the ground with skills you already have can put you on the path to success all the more quickly. Here are some side hustles to consider: service-based, like pet sitting or a cleaning business; creative-based, such as selling artwork online; or a fully digital business, like social media marketing and freelancing.
Bettors are placing wagers on the relationship breakdown between President Donald Trump and Elon Musk. What were the odds on Polymarket that the two would publicly reconcile by July?
A. About 10%
B. About 30%
C. About 50%
D. About 70%
Check your answer.
Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff.

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Skanska rebuilds the Rourke Bridge in Lowell, Massachusetts, USA, for USD 274M, about SEK 2.8 billion
Skanska rebuilds the Rourke Bridge in Lowell, Massachusetts, USA, for USD 274M, about SEK 2.8 billion

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Skanska rebuilds the Rourke Bridge in Lowell, Massachusetts, USA, for USD 274M, about SEK 2.8 billion

STOCKHOLM, June 10, 2025 /PRNewswire/ -- Skanska has signed a contract with the Massachusetts Department of Transportation for the design and replacement of the Rourke Bridge in Lowell, Massachusetts, USA. The contract is worth USD 274M, about SEK 2.8 billion, which will be included in the US order bookings for the second quarter of 2025. The project scope includes the complete removal of the existing temporary bridge, replacing it with a new permanent bridge structure, roadway reconstruction, highway drainage and storm water management facilities, traffic management, upgrading the traffic signals, highway lighting, landscaping, utility relocation and all other related bridge and highway work. Work will begin in May 2025 and is expected to reach completion in February 2030. For further information please contact: Maritza Ferreira, Vice President of Communications, Skanska USA, tel +1 (678) 492 2003 Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94Direct line for media, tel +46 (0)10 448 88 99 This and previous releases can also be found at This information was brought to you by Cision The following files are available for download: 20250610 US rourke bridge Image 1 - Rourke Bridge Image 2 - Rourke Bridge View original content: SOURCE Skanska

Tyler Perry Slams Erasure Of Black History In Politically Charged BET Speech
Tyler Perry Slams Erasure Of Black History In Politically Charged BET Speech

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Tyler Perry Slams Erasure Of Black History In Politically Charged BET Speech

Tyler Perry wasted no time tearing into Trump's administration and the divisive state of America during the BET Awards Monday night. After sharing a brief story about his son, the billionaire media mogul launched into an impassioned State of the Union-esque address to condemn what has been happening in the country as of late — specifically with the erasure of Black history. 'I want you to pay attention to— don't miss this,' he began onstage. 'They are removing our books from libraries. They are removing our stories and our history. They are removing our names from government buildings as if someone wants to erase our footprints.' 'Because what we need to understand is that if our children don't know our history, they won't know our power,' Perry added. The filmmaker pointed his message to Black viewers, telling them, 'The truth of the matter [is], it's impossible to erase our footprints, because we left them on water. What I mean by that is, we were snatched from our homeland, bought across the ocean and left footprints all the way to America.' Perry continued his history lesson, nodding to the sanitation of African American history in museums and calling out American tragedies like the 1921 Tulsa Race Massacre, where several businesses were famously burned down on Oklahoma's Black Wall Street in an effort to destroy the thriving community. 'So, this is not the time to be silent,' Perry continued to the audience. 'This is not the time to give up. This is the time to dig in and keep leaving footprints everywhere you go.' He even took a moment to brag about how he's 'made more Black millionaires than any studio in this city combined.' 'Because I'm making footprints,' he added. Perry concluded his powerful speech, saying, 'So I don't care if you're struggling, if you're trying to make it, if you're trying to build a business. If you have a dream, keep making footprints. Don't let anybody stop you. You can do it.' Perry isn't the only star who took hold of the BET Awards spotlight to deliver a politically charged message. Doechii, who won Best Female Hip-Hop Artist, used her acceptance speech to blast the 'ruthless attacks' from Trump's administration after it deployed military forces on Los Angeles protests over the weekend over immigration raids. 'Trump is using military forces to stop a protest,' she said. 'And I want y'all to consider what kind of government it appears to be when every time we exercise our democratic rights to protest, the military is deployed against us.' 'I feel it's my responsibility as an artist to use this moment to speak up for all oppressed people,' the rapper added. 'For Black people, for Latino people, for trans people, for the people of Gaza, we all deserve to live in hope and not in fear, and I hope we stand together, my brothers and my sisters, against hate. And we protest against it.' Doechii Blasts Trump's 'Ruthless' Deployment Of Military Against Protesters In BET Awards Speech Kevin Hart Jokes About Diddy Without Even Saying His Name The Complete List Of 2025 BET Awards Winners

Helium One Global Ltd Announces Galactica Project Update
Helium One Global Ltd Announces Galactica Project Update

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Helium One Global Ltd Announces Galactica Project Update

Completion of Successful Drilling Campaign on Galactica-Pegasus Project and State-9 Flow Test Results and Gas Analysis Update LONDON, UNITED KINGDOM / / June 10, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA ("the Galactica Project"), provides an update following the Blue Star Helium (ASX:BNL) ("Blue Star") announcement issued today regarding the Galactica Project. Highlights Successful completion of the 2025 Galactica development drilling programme; significantly advancing the Galactica-Pegasus helium and CO2 project Consistent positive results across all six wells in the programme confirms the production potential and near-term monetization opportunity Well results support finalizing the development plan and fast-tracking to commercial production Next steps include advancing the Galactica wells to initial production in Q4 2025, utilizing the planned processing facility State-9 flowed naturally during drilling and at Total Depth ("TD") Flow rate at State-9 since TD has increased to over 360 thousand cubic feet per day ("Mcfd") Projected Stabilized Flow Rates are 400 Mcfd to 500 Mcfd constrained to optimize production, with a maximum potential rate of 600 Mcfd Early samples return helium concentration of up to 1.52% (air-corrected) and 80.48% CO2 Lorna Blaisse, Chief Executive Officer, commented: "This has been a successful development campaign, with consistently good flow rates and helium concentrations within the expected ranges. We appreciate the efforts of Blue Star in driving this operation, and very much look forward to the next steps in bringing these wells online and targeting first production and cash flow in Q4 this year. We have a clear development plan in place for the construction of the processing facility, the tying in of the wells and the subsequent testing and commissioning to take us through to first production and are excited about the wider field development potential across the Galactica-Pegasus resource." Details of Galactica Drilling Programme The completion of this six well development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production. This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium and CO2 concentrations in the target formation and demonstrating promising flow potential. The Galactica wells are summarized below: Next Steps: Finalizing Development Planning and Commercial Production Following the successful conclusion of the 2025 drilling campaign, the focus is now on advancing the Galactica development into initial commercial production from the Pinon Canyon Plant. This plant will be designed and operated by Cimarron Midstream (previously IACX Energy LLC) and will be installed close to the Jackson-31 well. Phase 1: Commercial Production from Pinon Canyon Plant (Target: Q4 2025) The primary target is to commence initial commercial helium production from the Pinon Canyon Plant. This will be achieved by tying in the initial group of producing wells to this helium and CO2 processing plant. Key activities to achieve this include: 1. Finalizing Plant Design: Engineering design studies for the Pinon Canyon Plant are advancing with flow data and gas analysis from the recently completed drilling campaign being integrated. The final design of the helium and CO2processing plant will be determined once all of the gas analysis and flow modelling has been completed. 2. Site Development: Civil works will commence at the approved Pinon Canyon Plant location once the final plant layout is determined. 3. Equipment Mobilization: Following site preparations, mobilization of the plant equipment to the Pinon Canyon site will be undertaken. 4. Well Tie-Ins and Compression: Tie-in of initial production wells, including any necessary well-site gas compression, will proceed alongside plant site civil works. 5. Commissioning: Upon completion of the Pinon Canyon Plant and individual well tie-ins, the plant will be tested and commissioned. This is subject to standard operational permits, environmental compliance, and final readiness assessments. This initial production phase is designed to provide early cash flow and invaluable operational data, which will be instrumental in optimizing full-field development plans for both the Galactica development and the broader Galactica-Pegasus Project. All production forecasts and commissioning timelines remain subject to a number of factors including: final engineering; regulatory approvals; equipment availability; and market conditions. Phase 2: Expanded Throughput and CO2 Monetization Following the successful commissioning and ramp-up of initial helium production from the Pinon Canyon Plant, Phase 2 will focus on increasing helium production and monetizing CO2 through the existing facilities. Increasing Helium Production: Expanding throughput at the Pinon Canyon Plant by drilling and tying-in additional production wells from the Galactica development area. Beyond the wells planned for initial production, the joint venture has identified an initial additional six to ten infill and expansion drilling locations at Galactica, based on recent results. A further 20 to 30 potential drilling locations have been identified within the greater Galactica-Pegasus Project area. In addition, to date, all production wells have been completed within the Upper Lyons Sandstone Formation. Future infill and expansion drilling will consider strategies for accelerating and optimizing production from the Lower Lyons Sandstone Formation, in conjunction with the Upper Lyons Sandstone Formation. The joint venture is currently evaluating the sequencing and prioritization of future drilling to maximize efficiency, production scalability, and resource recovery. CO2 Monetisation: The plant will require minor modifications to allow for integration of the additional CO2 purification and liquefaction process, that will allow production and commercialization of the project's significant CO2 resources. Marketing and Offtake Strategy The joint venture is actively developing its marketing and offtake strategy with a view to establishing operating partners across the entire helium supply chain. These include but are not limited to, securing distribution partners for transportation of both bulk liquid helium and gaseous helium, pursuing direct sales to end-users, targeting buyers who prioritize continuity and security of supply and aiming for long-term agreements designed to navigate helium supply and price cycles effectively. Development Strategy and Future Outlook This phased approach allows for efficient capital deployment and leverages early operational learnings from the Pinon Canyon Plant. Based on the future performance of the Pinon Canyon Plant and ongoing appraisal drilling success, the joint venture will also assess the potential for establishing a second processing facility at a new location to further develop the extensive resources within the Galactica-Pegasus Project area. Further updates will be provided to the market at key milestones during the development phase. State-9 Flow Test Results and Gas Analysis The State-9 well reached TD at 1,225 feet (373m) within the Upper Lyons Formation, encountering the Lyons Sandstone Formation at 1,165 feet (355m). As expected, no water was encountered during drilling of the Lyons Formation with wireline logs confirming the penetrated Lyons Sandstone Formation to be high-quality and gas saturated. Flow testing since TD has revealed increasing natural flow rates, reaching approximately 360 Mcfd to-date. Strong pressure build-up post-testing indicates high permeability and good reservoir communication. Based on the previous engineering study described below, and the observed flow rates, the projected stabilized flow rates constrained for production optimization are expected to be between 400 Mcfd to 500 Mcfd, with a maximum of 600 Mcfd. Initial laboratory analysis of gas samples from State-9 showed a helium concentration up to 1.52% (air-corrected) and 80.48% CO2 (and 17.69% nitrogen). The well has tested the far eastern extent of the Galactica project area. Understanding the flow potential and reservoir gas composition in this part of the field is key to defining the helium-CO2 development going forward. For further information please visit the Company's website: Contact Helium One Global Ltd Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director +44 20 7920 3150 Panmure LiberumLimited (Nominated Adviser and Joint Broker) Scott Mathieson Nikhil Varghese +44 20 3100 2000 Zeus Capital Limited (Joint Broker) Simon Johnson Louisa Waddell +44 20 3829 5000 Tavistock(Financial PR) Nick Elwes Tara Vivian-Neal +44 20 7920 3150 Notes to Editors Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licenses across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market. The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to 10.4% helium by volume. All Helium One's licenses are held on a 100% equity basis. The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed 5.5% helium continually to surface in Q3 2024. Following the success of the extended well test, the Company flowed significant quantities of helium to surface and filed a Mining License ("ML") application with the Tanzania Mining Commission in September 2024. The 480km2 ML has now been offered to the Company and was officially accepted in March 2025. The Company also owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL) and has successfully completed a six well development drilling campaign in H1 2025. The completion of the development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production. This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium (up to 3.3% He) and CO2 concentrations in the target formation and demonstrating promising flow potential. The next steps will see the Galactica wells tied into initial production in Q4 2025. Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Helium One Global Ltd View the original press release on ACCESS Newswire

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