Widower's bittersweet $3.3m Lotto win, Trump announces 'total reset' with China, Sussan Ley's promise as new Liberal leader
Yahoo's live news blog for Tuesday, May 13 has now concluded. A Queensland widower has claimed $3.3 million on the Gold Lotto – a game he continued playing after years of buying tickets with his late wife.
Sussan Ley has been confirmed as the new Liberal Party leader. She defeated Angus Taylor in a close party room vote and has promised to do things "differently" as the party looks to rebuild following a disastrous election.
Donald Trump has announced the US has agreed a "total reset" with China following the countries' tit-for-tat trade war. Both sides will pause tariffs for 90 days and Trump and Chinese President Xi Jinping are expected to discuss trade levies soon.
See all of the day's updates below.
We'll finish up for today with this great photo from police in Far North Queensland.
Officers were conducting an RBT operation when a cassowary passed by. Enjoy.
Coles has followed in the footsteps of rival supermarket Woolworths by slashing prices on hundreds of popular grocery items in a bid to ease cost-of-living pressures for Australian families.
Just two days after Woolworths revealed it would reduce the cost of almost 400 essential products in a move it said was not just a short-term offer, Coles announced it had lowered the prices of more than 680 items across its stores and online, claiming average savings of 21 per cent.
Read more from NewsWire here.
There were a fair amount of people in the party to vote against Sussan Ley in this morning's leadership vote but she won't be holding any grudges.
She stressed those who voted for Angus Taylor will take up key roles for the party.
"I will say this — my shadow cabinet will include people who did support me in this room this morning, and people who did not," she told reporters.
While Jacinta Nampijinpa Price was set to run for deputy leader if Taylor won the vote, Ley said Price was warmly welcomed into the party room after shifting from the Nationals.
Sussan Ley was pressed on her predecessor's refusal to standi in front of the Aboriginal flag, and while she didn't go as far as Peter Dutton, she said she believed Australia would benefit from having one flag.
"We should unite under the one Australian flag. That is my firm view. Of course I'm happy to stand in front of the flag," she told reporters.
Ley was also asked about Welcome to Country and whether it could be overdone at times. She said being able to justify its place in Australian life was "simple".
"If it's meaningful, if it matters, if it resonates, then it's in the right place."
Sussan Ley has revealed she thought Sunday might have been the last time she saw her mother, just 48 hours out from learning whether she'd become the next leader of the Liberal Party.
Ley said her mother is in end-of-life care and visited her on Mother's Day. "Before I came up here, I called in to see her and I thought that it might be the last time that I did," she told reporters.
"After I've taken all of your questions exhaustively, I will be heading home to be by her side. And my mum grew up in wartime Britain, and the values of resilience, self-reliance, and persistence that I believe I have today come from her. So, thank you, Mum."
Sussan Ley is now addressing the media for the first time as Liberal Party leader, saying it is an "enormous privilege" to be the party's first federal female leader.
"I want to do things differently and we have to have a fresh approach," she told reporters.
"I want to harness the talents of every single person in our party room going forward to develop the clear, articulate policy agenda that does meet Australians where they are."
She stressed Angus Taylor, who she defeated in a close leadership vote on Tuesday morning, will have a vital role in the Opposition, praising him for his contributions to the party over many years.
A mother has been charged with murder after a horror house fire that ended up killing three of her children.
The 36-year-old woman had been airlifted to a Brisbane hospital in a critical condition and placed under police guard after the family home went up in flames.
Neighbours helped six people escape the Toowoomba home west of Brisbane when it burst into flames in the early hours of May 7.
A body, believed to be the woman's nine-year-old son, was found in the charred remains.
Two of the woman's daughters, aged four and seven, later died of their injuries after being airlifted to a Brisbane hospital.
A 34-year-old man - the father of some of the children - and the woman's two other sons - aged 18 and 11 - managed to escape the fire.
The man underwent surgery for serious arm injuries while the 18 and 11-year-olds were treated for minor injuries.
The mother remains in hospital in a critical condition, police said on Tuesday.
The woman has been charged with three counts of murder and attempted murder along with one court of arson following an extensive investigation into the "suspicious" fire, police said.
"Police are not looking for anyone else in connection to this incident," a police statement said.
The matter is expected to be mentioned in Brisbane Magistrates Court on Tuesday and adjourned to a future date.
1800 RESPECT (1800 737 732)
Lifeline 13 11 14
We've now heard from Angus Taylor, who lost a close battle with Sussan Ley to become the next Liberal Party leader.
He congratulated Ley who he said has led a "remarkable life".
"Becoming the first woman to lead the Liberal Party is a milestone for Sussan and our party," he said in a statement.
As did many of the MPs filtering out of the voting room this morning, Taylor called for unity to ensure the party "back in the fight" with Labor.
Statement on the Liberal Party leadership. pic.twitter.com/i7l6Dr29Xf
— Angus Taylor MP (@AngusTaylorMP) May 13, 2025
Plenty of you out there often tell us you're fed up with your council's lack of spending when it comes to fixing potholes.
Well the NRMA's recent Council Backlog report has revealed which Sydney councils have the biggest bills when it comes to the cost of repairs needed and it's not great if you live in the city's west.
Topping the list is Blacktown, with an $84 million backlog of repair work. It's followed by Canterbury-Bankstown ($77m), Parramatta ($75m), Liverpool ($55m) and Penrith ($54m).
But those totals are nothing on regional NSW councils, with Clarence Valley topping that list with a whopping $390 million backlog. That's nearly double the $215m Mid-Coast needs to spend to fix their roads in second place.
NRMA says the overall total ballooning to $3.4 billion, up from $2.8 billion the year before, is due to "unprecedented" wet weather events that have ripped up parts of the road network.
Australians have been urged to temper their expectations after the treasurer warned that an overnight de-escalation in US-China trade tensions is temporary.
Both countries have agreed to a 90-day pause on tariffs, with the United States committing to dropping 145 per cent levies on China to 30 per cent and Beijing lowering its 125 per cent rates on American imports to 10 per cent.
Treasurer Jim Chalmers welcomed the development but noted many issues remained unresolved.
"Australia has got a lot to lose from a trade war between the US and China in particular, so we want to see these trade tensions de-escalated permanently, not temporarily," he told ABC radio on Tuesday.
"There's a lot of uncertainty, unpredictability, and volatility in the global economy."
Read more here.
Outgoing Liberal Senator Linda Reynolds says she is "delighted" with Sussan Ley being elected the first female leader of the Liberal Party.
"Australia spoke very clearly to the Liberal Party. We've listened and we've acted and we're united," she told reporters in Canberra as she left the voting room.
A handful of female Liberals left the room together and while only Reynolds spoke, it was clear they were happy with the vote results.
There was also a vote for the party's deputy leader. Ted O'Brien has defeated Phil Thompson 38 votes to 16.
O'Brien and newly-appointed Liberal Leader Sussan Ley, the party's first ever female leader, will front the media later today.
Well there you have it.
Sussan Ley will become the new leader of the Liberal Party following Peter Dutton's exit from parliament, the ABC reports. She defeated Shadow Treasurer Angus Taylor in a leadership vote on Tuesday morning. She won with 29 votes to Taylor's 25.
A lack of female ministers within the party has been highlighted as one of the party's key issues, with Ley's appointment a step towards fixing that problem.
Yet Liberal MP Andrew Wallace said her gender was far from the sole reason she won the vote, saying she had a wealth of experience in Canberra and was extremely well placed to step up after serving as the party's deputy leader.
OK, let's just have a recap of what's gone down between the US and China since Donald Trump made the Asian powerhouse one of his main trade war targets.
Scroll through the below graphic to see the tit-for-tat measures across what has been a whirlwind six weeks.
Anthony Albanese announced his new-look Cabinet on Monday but the fallout from booting two frontbenchers last week continues, and Treasurer Jim Chalmers has admitted this morning it's been "messy".
"I do think it was unfortunate, and I think it was messy," he told ABC News Breakfast of the decision to remove Mark Dreyfus and Ed Husic from key portfolios.
"I think that's self evident. This is what happens when you've got more good people than you can fit into cabinet or a ministry in the broader ranks."
Another big change yesterday was taking the environment portfolio from Tanya Plibersek and making her Minister for Social Services. Albanese insisted Plibersek welcomed the news however speculation of tensions between the two continues to linger.
NSW's government is promising "sensible" new road laws for e-bikes and e-scooters as community concern continues to fester across the state.
While many fear the issue has been neglected by authorities, Transport Minister John Graham stressed the NSW government "recognises the community's concerns".
"We believe a sensible set of rules will promote the health and lifestyle benefits of e-bikes and e-scooters while protecting the safety of riders and everyone else sharing the paths and roads with them," he said.
NSW will on Tuesday table its response to a parliamentary inquiry into the use of the e-mobility devices, which was told their accessibility advantages must be balanced with severe safety risks.
The government will propose e-scooters can be ridden on shared paths with a default speed limit of between 10 and 20km/h.
On roads signposted at 50km/h, they would be limited to 20km/h.
Riders would need to be at least 16, consistent with all Australian jurisdictions except the ACT - and European recommendations.
The government does not intend to speed-limit e-bikes, as their motors are not the only source of power. It will however review the formal definition of an e-bike within NSW's road rules.
With AAP
Well after both countries promised to stand strong and not back down just weeks ago, we now have a 90-day pause on tariffs in the US's trade war with China.
Donald Trump is calling it a "total reset" with tariffs dropping by 115 percentage points on both sides.
"I think it's going to be great for unification and peace. We're not looking to hurt China. China is being hurt very badly," he told reporters.
The US president said he'd likely speak to China's president Xi Jinping at some point in the coming days.
Read from from Yahoo's Washington Correspondent Ben Werschkul here.
While one Queensland man is over the moon he's won $3.3 million, he wishes one person could be by his side to enjoy it.
'I'm a widower. My late wife and I have a set of numbers that we used to play together," the Toowoomba winner told The Lott after sharing the Gold Lotto division one prize over the weekend.
"Ever since she passed away, I decided to continue to play them.
'The only bummer about it is that she's not here to celebrate the win with me. It would've been nice to share this moment with her, but she's looking down on me."
Do you have a story tip? Email: newsroomau@yahoonews.com.
You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
We'll finish up for today with this great photo from police in Far North Queensland.
Officers were conducting an RBT operation when a cassowary passed by. Enjoy.
Coles has followed in the footsteps of rival supermarket Woolworths by slashing prices on hundreds of popular grocery items in a bid to ease cost-of-living pressures for Australian families.
Just two days after Woolworths revealed it would reduce the cost of almost 400 essential products in a move it said was not just a short-term offer, Coles announced it had lowered the prices of more than 680 items across its stores and online, claiming average savings of 21 per cent.
Read more from NewsWire here.
There were a fair amount of people in the party to vote against Sussan Ley in this morning's leadership vote but she won't be holding any grudges.
She stressed those who voted for Angus Taylor will take up key roles for the party.
"I will say this — my shadow cabinet will include people who did support me in this room this morning, and people who did not," she told reporters.
While Jacinta Nampijinpa Price was set to run for deputy leader if Taylor won the vote, Ley said Price was warmly welcomed into the party room after shifting from the Nationals.
Sussan Ley was pressed on her predecessor's refusal to standi in front of the Aboriginal flag, and while she didn't go as far as Peter Dutton, she said she believed Australia would benefit from having one flag.
"We should unite under the one Australian flag. That is my firm view. Of course I'm happy to stand in front of the flag," she told reporters.
Ley was also asked about Welcome to Country and whether it could be overdone at times. She said being able to justify its place in Australian life was "simple".
"If it's meaningful, if it matters, if it resonates, then it's in the right place."
Sussan Ley has revealed she thought Sunday might have been the last time she saw her mother, just 48 hours out from learning whether she'd become the next leader of the Liberal Party.
Ley said her mother is in end-of-life care and visited her on Mother's Day. "Before I came up here, I called in to see her and I thought that it might be the last time that I did," she told reporters.
"After I've taken all of your questions exhaustively, I will be heading home to be by her side. And my mum grew up in wartime Britain, and the values of resilience, self-reliance, and persistence that I believe I have today come from her. So, thank you, Mum."
Sussan Ley is now addressing the media for the first time as Liberal Party leader, saying it is an "enormous privilege" to be the party's first federal female leader.
"I want to do things differently and we have to have a fresh approach," she told reporters.
"I want to harness the talents of every single person in our party room going forward to develop the clear, articulate policy agenda that does meet Australians where they are."
She stressed Angus Taylor, who she defeated in a close leadership vote on Tuesday morning, will have a vital role in the Opposition, praising him for his contributions to the party over many years.
A mother has been charged with murder after a horror house fire that ended up killing three of her children.
The 36-year-old woman had been airlifted to a Brisbane hospital in a critical condition and placed under police guard after the family home went up in flames.
Neighbours helped six people escape the Toowoomba home west of Brisbane when it burst into flames in the early hours of May 7.
A body, believed to be the woman's nine-year-old son, was found in the charred remains.
Two of the woman's daughters, aged four and seven, later died of their injuries after being airlifted to a Brisbane hospital.
A 34-year-old man - the father of some of the children - and the woman's two other sons - aged 18 and 11 - managed to escape the fire.
The man underwent surgery for serious arm injuries while the 18 and 11-year-olds were treated for minor injuries.
The mother remains in hospital in a critical condition, police said on Tuesday.
The woman has been charged with three counts of murder and attempted murder along with one court of arson following an extensive investigation into the "suspicious" fire, police said.
"Police are not looking for anyone else in connection to this incident," a police statement said.
The matter is expected to be mentioned in Brisbane Magistrates Court on Tuesday and adjourned to a future date.
1800 RESPECT (1800 737 732)
Lifeline 13 11 14
We've now heard from Angus Taylor, who lost a close battle with Sussan Ley to become the next Liberal Party leader.
He congratulated Ley who he said has led a "remarkable life".
"Becoming the first woman to lead the Liberal Party is a milestone for Sussan and our party," he said in a statement.
As did many of the MPs filtering out of the voting room this morning, Taylor called for unity to ensure the party "back in the fight" with Labor.
Statement on the Liberal Party leadership. pic.twitter.com/i7l6Dr29Xf
— Angus Taylor MP (@AngusTaylorMP) May 13, 2025
Plenty of you out there often tell us you're fed up with your council's lack of spending when it comes to fixing potholes.
Well the NRMA's recent Council Backlog report has revealed which Sydney councils have the biggest bills when it comes to the cost of repairs needed and it's not great if you live in the city's west.
Topping the list is Blacktown, with an $84 million backlog of repair work. It's followed by Canterbury-Bankstown ($77m), Parramatta ($75m), Liverpool ($55m) and Penrith ($54m).
But those totals are nothing on regional NSW councils, with Clarence Valley topping that list with a whopping $390 million backlog. That's nearly double the $215m Mid-Coast needs to spend to fix their roads in second place.
NRMA says the overall total ballooning to $3.4 billion, up from $2.8 billion the year before, is due to "unprecedented" wet weather events that have ripped up parts of the road network.
Australians have been urged to temper their expectations after the treasurer warned that an overnight de-escalation in US-China trade tensions is temporary.
Both countries have agreed to a 90-day pause on tariffs, with the United States committing to dropping 145 per cent levies on China to 30 per cent and Beijing lowering its 125 per cent rates on American imports to 10 per cent.
Treasurer Jim Chalmers welcomed the development but noted many issues remained unresolved.
"Australia has got a lot to lose from a trade war between the US and China in particular, so we want to see these trade tensions de-escalated permanently, not temporarily," he told ABC radio on Tuesday.
"There's a lot of uncertainty, unpredictability, and volatility in the global economy."
Read more here.
Outgoing Liberal Senator Linda Reynolds says she is "delighted" with Sussan Ley being elected the first female leader of the Liberal Party.
"Australia spoke very clearly to the Liberal Party. We've listened and we've acted and we're united," she told reporters in Canberra as she left the voting room.
A handful of female Liberals left the room together and while only Reynolds spoke, it was clear they were happy with the vote results.
There was also a vote for the party's deputy leader. Ted O'Brien has defeated Phil Thompson 38 votes to 16.
O'Brien and newly-appointed Liberal Leader Sussan Ley, the party's first ever female leader, will front the media later today.
Well there you have it.
Sussan Ley will become the new leader of the Liberal Party following Peter Dutton's exit from parliament, the ABC reports. She defeated Shadow Treasurer Angus Taylor in a leadership vote on Tuesday morning. She won with 29 votes to Taylor's 25.
A lack of female ministers within the party has been highlighted as one of the party's key issues, with Ley's appointment a step towards fixing that problem.
Yet Liberal MP Andrew Wallace said her gender was far from the sole reason she won the vote, saying she had a wealth of experience in Canberra and was extremely well placed to step up after serving as the party's deputy leader.
OK, let's just have a recap of what's gone down between the US and China since Donald Trump made the Asian powerhouse one of his main trade war targets.
Scroll through the below graphic to see the tit-for-tat measures across what has been a whirlwind six weeks.
Anthony Albanese announced his new-look Cabinet on Monday but the fallout from booting two frontbenchers last week continues, and Treasurer Jim Chalmers has admitted this morning it's been "messy".
"I do think it was unfortunate, and I think it was messy," he told ABC News Breakfast of the decision to remove Mark Dreyfus and Ed Husic from key portfolios.
"I think that's self evident. This is what happens when you've got more good people than you can fit into cabinet or a ministry in the broader ranks."
Another big change yesterday was taking the environment portfolio from Tanya Plibersek and making her Minister for Social Services. Albanese insisted Plibersek welcomed the news however speculation of tensions between the two continues to linger.
NSW's government is promising "sensible" new road laws for e-bikes and e-scooters as community concern continues to fester across the state.
While many fear the issue has been neglected by authorities, Transport Minister John Graham stressed the NSW government "recognises the community's concerns".
"We believe a sensible set of rules will promote the health and lifestyle benefits of e-bikes and e-scooters while protecting the safety of riders and everyone else sharing the paths and roads with them," he said.
NSW will on Tuesday table its response to a parliamentary inquiry into the use of the e-mobility devices, which was told their accessibility advantages must be balanced with severe safety risks.
The government will propose e-scooters can be ridden on shared paths with a default speed limit of between 10 and 20km/h.
On roads signposted at 50km/h, they would be limited to 20km/h.
Riders would need to be at least 16, consistent with all Australian jurisdictions except the ACT - and European recommendations.
The government does not intend to speed-limit e-bikes, as their motors are not the only source of power. It will however review the formal definition of an e-bike within NSW's road rules.
With AAP
Well after both countries promised to stand strong and not back down just weeks ago, we now have a 90-day pause on tariffs in the US's trade war with China.
Donald Trump is calling it a "total reset" with tariffs dropping by 115 percentage points on both sides.
"I think it's going to be great for unification and peace. We're not looking to hurt China. China is being hurt very badly," he told reporters.
The US president said he'd likely speak to China's president Xi Jinping at some point in the coming days.
Read from from Yahoo's Washington Correspondent Ben Werschkul here.
While one Queensland man is over the moon he's won $3.3 million, he wishes one person could be by his side to enjoy it.
'I'm a widower. My late wife and I have a set of numbers that we used to play together," the Toowoomba winner told The Lott after sharing the Gold Lotto division one prize over the weekend.
"Ever since she passed away, I decided to continue to play them.
'The only bummer about it is that she's not here to celebrate the win with me. It would've been nice to share this moment with her, but she's looking down on me."
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UPI
5 hours ago
- UPI
China to fast-track applications for rare-earth minerals to US, EU
A rare earth mine is in Ganxian county in central China's Jiangxi province. Photo by EPA-ESE June 7 (UPI) -- China has agreed to fast-track approvals for the shipment of rare earth minerals to the United States and some European Union nations. U.S. President Donald Trump and Chinese leader Xi Jinping spoke Thursday about easing trade tensions. On Saturday, China's Minister Seceary Wang Wentao said his nation is "willing to establish a green channel for qualified applications to speed up approval." Details weren't given, including the speed of the process and which EU nations are included. China controls 90% of the global processing of rare earth minerals. Major deposits also are found in the United States, Australia and Russia. Smaller amounts are in Canada, India, South Africa and Southeast Asia. Rare earth minerals are in the Earth's crust, making them difficult to extract. They include lanthanide, scandium and yttrium, all on the Periodic Table of Elements. Some major minerals that contain rare earth elements are bastnasite, monazite, loparite and laterite clays. The first rare-earth mineral was discovered in 1787 -- gadolinite, a black mineral composed of cerium, yttrium, iron, silicon and other elements. U.S. needs rare earth minerals The minerals are critical to American industries and defense, including use in cars and fighter jets. Batteries contain the minerals Trump posted on Truth Social on Thursday "there should no longer be any questions respecting the complexity of rare Earth products." On April 29, the United States and Ukraine created a Reconstruction Investment Fund that includes rare earth mineral rights in the European nation. Trump and Ukrainian President Volodymyr Zelensky were originally set to sign the minerals deal on Feb. 28, but the plan was scrapped after a tense exchange between them in the Oval Office in which Trump accused him of "gambling with World War III." The United States wants access to more than 20 raw materials in Ukraine, including some non-minerals, such as oil and natural gas, as well as titanium, lithium, graphite and manganese. The Chinese commerce ministry confirmed some applications have been approved without specifying industries covered. Some Chinese suppliers have recently received six-month export licenses, the American Chamber of Commerce in China said Friday, but it noted that there is a backlog of license applications. In a survey of member companies conducted by the American Chamber of Commerce in China late week, 75% say their stock would run out within three months, CNN reported. Jens Eskelund, the chamber president, said member companies were "still struggling" with the situation. "I hadn't realized just how important this rare earth card was before. Now the U.S. side is clearly anxious and eager to resolve this issue," he said a video on Thursday. "But of course, we'll link this issue to others -- the U.S. is restricting China on chips and jet engines, then China certainly has every reason to make use of this card. "As for whether China will change its rare earth export control policy, that probably still needs to be negotiated in more detail," Jin added. Trump said Xi and himself "straightened out" some points related to rare earth magnets, calling it "very complex stuff." The U.S. federal government said China had reneged on its promise made in Geneva on May 12. Delegations from Beijing and Washington plan to meet in Great Britain on Monday for trade negotiations. At the height of tariff war, China had imposed export restrictions on some minerals on April 4. Trump two days planned a 120% "reciprocal" tax on top of 25% levy on Chinese goods. But one week later it paused the bigger tariffs, including on other countries for 90 days. European nations' needs China's commerce ministry pledged to address the EU's concerns and establish a "green channel" for eligible applications to expedite approvals. He went to Brussels, Belgium, earlier this week and met with European Union's trade commissioner, Maros Sefcovic. It's a problem for China and the EU. Sefcovic said the pause was slowing deliveries for manufacturers of a wide range of items from cars to washing machines. Wang urged the EU to "take effective measures to facilitate, safeguard and promote compliant trade of high-tech products to China." On Friday, the European Chamber, a Beijing lobby group, warned progress had "not been sufficient" to prevent severe supply chain disruptions for many companies.


New York Post
6 hours ago
- New York Post
The ultimate loser of Trump and Musk's bloody battle royale could be the nation
Godzilla vs King Kong. Ali vs Frazier. Yankees vs. Red Sox. Trump vs. Musk is bigger than all of them because — unlike the first match — this one is real. And unlike the other two, it has real-world consequences. The future of the republic — not to mention the future of Tesla, SpaceX and Musk's other cutting-edge tech companies — could be at stake, depending on how bad it all gets. Of course, with this pair, they could make up while this column is at the printer. Musk is known to do 180s in business like most people breathe, and he seems open (at least for now) to rapprochement. That's why, after tanking during early rounds of the fight, Tesla shares spiked on Friday. Trump, meanwhile, can be forgiving when he sees an opportunity. Remember how he mocked 'Little Marco,' who after a MAGA-esque transformation is now Secretary of State Marco Rubio. Trump wanted to ban TikTok but as I was first to report, he's extending its life in the US. He came to believe that even if it is Chinese spyware, it helped him win a second term. But there's a better case that the Trump-Musk feud will linger. These men maintain some of the biggest egos on the planet; Musk actually thinks he's the reason Trump got elected since Elon owns X (formerly Twitter), which became a MAGA megaphone. If you know Trump like I do, someone taking credit for his success is a third rail. Plus, Musk isn't a natural convert to MAGA. These dudes bonded because Musk, a former Democrat, believed his party lost its mind on woke. His EV maker Tesla, a darling of the environmental movement, has a big operation in China, the main target of Trump's trade war. Musk called Peter Navarro, Trump's lead trade warrior, 'Peter Retarrdo' because Elon's no fan of tariffs. For his part, Trump is no budget hawk. It's telling that this fight started with Musk's critique that the president's 'big, beautiful bill' spends too much money. It quickly exposed other fissures lurking beneath the surface, according to my sources, and now it has gotten messy. No way to treat a pal Trump is teeing up killing all of Musk's lucrative government contracting after Musk outrageously — and foolishly — claimed the president is holding back the Jeffrey Epstein files because Trump's in the docs in some nefarious way. Not a way to treat a friend, particularly a powerful one. All of which gets me to laying odds on the winner if this feud keeps going. I say Trump is the heavy favorite. Musk has no political base, even if he splinters and begins spending his billions on Dems. Yes, some lefties are relishing the battle, but Musk will never be acceptable to most Democrats for the unforgivable sin of aiding Trump, then via DOGE cutting all that government lefty spending. Charlie Gasparino has his finger on the pulse of where business, politics and finance meet Sign up to receive On The Money by Charlie Gasparino in your inbox every Thursday. Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters Meanwhile, Musk poses little threat to MAGA. He's not a natural politician — he's not even comfortable in his own skin. He controls X and has a huge following, but Trump has his own following and social media platform that attracts as much media attention. And Trump can hit him where it hurts — his pocketbook. Musk is the world's richest man, but mostly on paper. It could diminish fast given how much of it is built on government work. Recall Musk smoking a joint on Joe Rogan, which is a no-no when you do defense contracting as SpaceX does. I reported how it sparked scrutiny by the feds that went nowhere. Maybe now it goes somewhere. Musk's accounting at Tesla has drawn regulatory attention in the past; it now might get some more. The company just had a lousy quarter as its lefty EV-buying base went somewhere else. Shares have recovered somewhat but remain under pressure. They fell as much as 16% when the feud went defcon. Trump could go after other parts of the Musk empire. The president could throttle SpaceX's government contracts, using the weed issue as an excuse to re-examine the relationship. Maybe more of those go by the wayside along with all his other government contracts. Musk is obviously miffed that Trump's tax bill didn't cut enough fat, but what might have really stoked his anger is that it did take aim at various green-tax credits that Tesla has feasted upon. Musk's recklessness in his attacks underscores one of his weaknesses as a CEO; he once said he had a buyer to take it private at a premium but no one emerged. And you wonder why the Epstein barb shouldn't be taken seriously. The smarter move Yes, Trump has a lot of levers to pull to get at what makes Musk so powerful. But here's why he shouldn't: For all of Musk's flaws, he's smart and has his finger on the pulse of the emerging economy. Tesla's tech is first-rate. SpaceX is transformational, and serves a significant national security function. Musk is rich and can continue to elect Republicans to keep Trump from being impeached and derailing what is really working in his second term, such as his war on woke, closing the border and, when this tariff stuff subsidies, tax cuts to grow the economy. And they did make beautiful music together exposing stuff with DOGE. Someone please call a timeout.


Newsweek
7 hours ago
- Newsweek
FBI Working With India to Disrupt Chinese Fentanyl Network—Kash Patel
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. Federal Bureau of Investigation (FBI) Director Kash Patel told podcaster Joe Rogan during a Friday episode that the agency is working with the Indian government to dismantle global fentanyl networks, which he said originate in China. Newsweek has reached out to the FBI's press office, the Indian Government's Ministry of External Affairs, and the Chinese Embassy in Washington for comment via email on Saturday. Why It Matters President Donald Trump has made combating the opioid crisis, particularly the influx of illicitfentanyl, a central focus of his administration's policies. Earlier this year, to address the sources of fentanyl trafficking, Trump imposed tariffs on imports from China, Mexico, and Canada. There are some legitimate medical uses for fentanyl. The opioid crisis has far-reaching impacts across the country. In 2024, the United States witnessed a significant decrease in opioid-related overdose deaths, dropping from 110,037 in 2023 to 80,391 in 2024, according to data from the U.S. Centers for Disease Control and Prevention (CDC). Rogan, host of The Joe Rogan Experience podcast, is one of the most-listened-to media figures, drawing an audience of roughly 11 million listeners. What To Know Patel told Rogan that when he joined the bureau, he launched a "massive enterprise" to target companies in China that manufacture "fentanyl precursors." He said that while China may not produce the drug in its final form, it supplies the key ingredients used to make fentanyl, calling the country the "root of the problem." The U.S.-China Economic and Security Review Commission, which provides recommendations to Congress, stated in an August 2021 finding that "China remains the primary country of origin for illicit fentanyl and fentanyl-related substances trafficked into the United States." Patel said during the interview with Rogan that the country has been shipping the precursors "to places like India—and I'm also doing operations in India—and they're having the Mexican cartels now make this fentanyl down in Mexico." In March, the Chinese government published a white paper laying out its purported efforts to crack down on fentanyl trade and hit back at U.S. criticism as Washington imposed tariffs over the issue. "I literally just got off the phone with the Indian government, I said: 'I need your help. This stuff's coming into your country and then they're moving it from your country because India's not consuming fentanyl...I need you and your help,'" the FBI director told Rogan. He explained the FBI is "working with the heads of their [the Indian] government, law enforcement authorities to say, 'We're going to find these companies that buy it and we're going to shut them down. We're going to sanction them; we're going to arrest them where we can. We're going to indict them in America if we can. We're going to indict them in India if we can.'" He reiterated that "this is a global problem." Patel said the Chinese Communist Party (CCP) isn't partaking in the trade for profitability reasons, but rather, "in my opinion, the CCP have used it as a directed approach because we are their their long-term game is how do I, in my opinion, kneecap the United States of America, our largest adversary?" suggesting that the drug allows them to "take out generations of young men and women." Tensions between Washington and Beijing have been high over a slew of issues, including tariff policies and national security issues. In May, federal authorities arrested 16 individuals and seized over 400 kilograms of the drug in the largest fentanyl bust in Drug Enforcement Administration (DEA) history. FBI Director Kash Patel is seen in Washington on May 8. FBI Director Kash Patel is seen in Washington on May 8. AP Photo/Jose Luis Magana What People Are Saying U.S. Treasury Secretary Scott Bessent told CNBC in mid-May: "I have a personal stake in this. There are two very close friends [who] lost children to this terrible scourge. Hundreds of thousands of Americans die every year. And I think that we saw here in Geneva the Chinese are now serious about assisting the U.S. in stopping the flow of precursor drugs." A spokesperson for the Chinese foreign ministry said in March: "Facts speak louder than words. The U.S. is spreading all kinds of false information on the fentanyl issue, smearing and scapegoating China, and hiking tariffs on Chinese imports over fentanyl." President Donald Trump wrote in an April 24 Truth Social post: "...By the way, Fentanyl continues to pour into our Country from China, through Mexico and Canada, killing hundreds of thousands of our people, and it better stop, NOW!" What Happens Next? It is unclear what the partnership looks like, but according to Patel it is ongoing.