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American Military News
9 minutes ago
- American Military News
New bill introduced on D-Day anniversary would ‘strengthen' US, UK partnership
A new bill introduced by a Republican congressman on the 81st anniversary of D-Day would allow the United States to share military technology with the United Kingdom. On Friday, Rep. Mark Green (R-Tenn.) announced in a press release that he had reintroduced the Special Relationship Military Improvement Act of 2025 to strengthen the country's relationship with the United Kingdom on the 81st anniversary of D-Day. 'Our nation can never forget the sacrifice of thousands of Allied soldiers who lost their lives on D-Day and the invasion of Normandy. The price they paid ensured that millions could live free from tyranny,' Green said. 'And the best way to commemorate this momentous day is to strengthen our partnership with the United Kingdom—and that's exactly what this bill does.' In Friday's press release, the Republican congressman explained that advancements in military technology currently become the 'exclusive property' of the United States when sold to the federal government under the rules established by the International Traffic in Arms Regulations. Green said that while Canada is provided exemptions under the International Traffic in Arms Regulations, the United Kingdom is not provided exemptions. READ MORE: D-Day hero receiving medals for saving 200 lives If the Special Relationship Military Improvement Act of 2025 was passed, it would implement a change to the Arms Export Control Act to allow military technology to be shared between the United States and the United Kingdom. In Friday's press release, Green said advancements in U.S. military technology 'should be available to our allies' and that sharing military technology with allies was 'common sense.' Green explained, 'The U.S. and the U.K. work together in almost every aspect to share intelligence, fight terrorism around the globe, and ensure that, through our combined military strength, the world can enjoy unprecedented peace.' In a statement to Fox News on Friday, Green said, 'On the beaches of Normandy, it was British soldiers who ran in the sand alongside Americans.' He added, 'When we were attacked on 9/11, it was the United Kingdom that sent soldiers into Afghanistan to help us destroy al-Qaeda and the Taliban that gave them safe haven.' Green emphasized that the United States will 'never forget' the friendship it shares with the United Kingdom. The Republican congressman added that sharing military technology is 'crucial' in the face of increasing threats across the globe.
Forbes
9 minutes ago
- Forbes
More Musk-Trump Fallout: Tesla Sales Will Shrink At Historic Pace, Goldman Says
A pessimistic prediction for Tesla sales from Goldman Sachs added further fuel to the Tesla fire, as the unraveling relationship between Tesla CEO Elon Musk and his former close ally President Donald Trump plays out publicly, accelerating Wall Street's concerns about the increasing exposure of Tesla to Musk's outspoken politics. Elon Musk has alienated 'multiple sides of the political spectrum' from Tesla, according to one ... More prominent Wall Street analyst. In a late Thursday note to clients, Goldman Sachs analysts led by Mark Delaney slashed their forecast for second-quarter Tesla vehicle deliveries to 365,000, far below consensus analyst forecasts of 405,000, according to FactSet. That would be an 18% decline from the same period last year, equating to by far the weakest quarterly deliveries growth since at least 2015, the extent of quarterly delivery data available on Tesla's investor relations website. It's another knock for Tesla as analysts warn this week's quarrel between Musk and the president, who Musk donated $288 million last year to help elect alongside other Republican candidates, could further weigh on Tesla, which is already grappling with declining brand sentiment on the left, historically the base for EV purchasers. This disagreement 'could potentially (temporarily) alienate multiple sides of the political spectrum," warned Morgan Stanley analyst Adam Jonas in a Friday note. Tesla stock bounced back Friday, gaining 6% by early afternoon as part of a broader rally. That only recovered a small portion of Thursday's historic loss, as the Musk-led firm's share price is down 9% since Wednesday. The Musk-Trump division "clearly raises the degree of [near-term' uncertainty' for Tesla, according to TD Cowen analyst Itay Michaeli. Amid the kerfuffle, Trump threatened to cancel all of the federal government's contracts with Musk's portfolio of companies. That would likely impact the private aerospace and communications firm SpaceX far more than Tesla, which does not rely on government contracts for a significant portion of its revenues, but there is a way Trump could target Tesla's bottom line directly. Trump could restrict Tesla's ability to sell its automotive regulatory credits, according to Morningstar strategist Seth Goldstein, referring to the essentially free profit Tesla gets from selling its emissions credits to gas-powered automakers. That could dramatically reduce Tesla profits, as it reported $595 million in those regulatory credits compared to a $934 million net income during 2025's first quarter, meaning the credits directly contributed about two-thirds of its net profit. Since Musk announced his purchase of Twitter (now X) in 2022, Tesla stock has frequently faced downward pressure as its top decisionmaker and shareholder Musk became increasingly outspoken on politics to much controversy. Musk endorsed Trump in July and rose to become perhaps the most prominent and powerful figure in the early days of Trump's second administration, though the perceived impact of Musk's buddying up to Trump turned negative this year as sales globally for the automaker tumbled. In a further sign of fray in the relationship between Musk and Trump, the president has decided to sell his Tesla Model S, according to the New York Times. Tesla is expected to report its Q2 delivery numbers July 2.
Fox News
10 minutes ago
- Fox News
Behind the scenes of Trump's 'iconic' McDonald's visit before election victory
Fox Nation is offering a rare glimpse into Donald Trump's pivotal McDonald's visit during the final weeks of his 2024 campaign with a multi-episode installment of "The Art of the Surge." It all starts at a McDonald's drive-thru, where the then-GOP nominee traded a suit for an apron and got to work as a fry cook in Feasterville, Pennsylvania last October. "I've always wanted to work at McDonald's, and I never did," he told workers inside the building. The first episode of the series documents Trump's "first day" on the job from the very beginning, as he requested to work the french fry cooker and learned the process. He walked through, step-by-step, dunking fries into hot oil, shaking the basket, pouring servings into the signature red McDonald's cartons and sprinkling salt over them. It became an iconic moment on the campaign trail as the notorious New York City business magnate-turned-president performed a job many Americans have had at one point in their lives. He even greeted customers wrapped around the building at the drive-thru window. As one family took a Happy Meal from his hands he quipped with a smile, "It's going to be the best you've ever had. It had better be. I made it myself." Customers passed on their messages of encouragement as the high-stakes faceoff with then-vice president and Democratic presidential candidate Kamala Harris was merely two weeks away, with both teams in a mad sprint to the finish line. "Make America great again!" one driver said. Another, shaking hands with Trump, said, "45-47, you've got this, sir." Trump paused, on occasion, to wave at the mass of fans cheering and holding "Trump-Vance" signs nearby. He told WTXF reporter JoAnn Pileggi that the crowd was smiling and upbeat because they wanted hope. Turning back inside the building, he faced the camera at one point and smiled as he noted how much fun he was having. "I could do this all day. I wouldn't mind this job," he said. Trump's efforts were viewed by many as a mockery of a claim his opponent had worked for the fast food chain while in college. At one point, Trump even remarked, "I've now worked for 15 minutes. Fifteen more than Kamala." As his team departed on his personal plane, Trump's deputy director of communications Margo Martin enthused about the day. "That was epic," she said. "Donald Trump working the McDonald's drive-thru – iconic." Trump would go on to defeat Harris in the 2024 election, sweeping all campaign swing states, including Pennsylvania. "The Art of the Surge" follows that journey to the finish line even after the McDonald's stop-in, showing last-minute efforts like podcast visits and his massive Madison Square Garden rally, while also featuring Trump allies like Alina Habba, Tulsi Gabbard, Hulk Hogan and more. To watch the series, subscribe to Fox Nation and begin streaming "The Art of the Surge" today. Fox Nation programs are viewable on-demand and from your mobile device app, but only for Fox Nation subscribers. Go to Fox Nation to start a free trial and watch the extensive library from your favorite Fox Nation personalities.
