US-China Trade Talks; LA Immigration Clashes Escalate
The US and China are ready to resume trade talks in London today... with the flow of rare earth minerals set to be a key focus; clashes between law enforcement and demonstrators in Los Angeles over anti-deportation protests escalate. President Trump's deployment of the National Guard inflames residents... California's Governor says he will file a law suit to block the federal government's intervention; and Bloomberg learns Meta is in talks to invest in startup Scale AI. The financing may exceed $10 billion, making it one of the largest-ever private company funding deals. (Source: Bloomberg)
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The Verge
19 minutes ago
- The Verge
A new day of immigration protests is starting in Los Angeles
Angelenos are demanding the release of people detained by Immigration and Customs Enforcement (ICE), planning to gather in downtown Los Angeles for another day of protests following immigration raids throughout the region — but this time, against the backdrop of a federal National Guard deployment. Immigrant rights groups and unions plan to gather for one of the major actions anticipated in LA today, coinciding with the scheduled arraignment of the prominent labor leader David Huerta who was arrested on Friday. Beyond Huerta, folks are turning out to support coworkers and loved ones. 'These raids are cruel, disruptive, and designed to terrorize immigrant communities. They tear families apart,' the Service Employees International Union (SEIU) said in a statement the day Huerta was arrested. Huerta is President of SEIU California and was detained while 'conducting legal observation of ICE activity in his community,' according to AFL-CIO union leaders. SEIU says Huerta was 'beaten and dragged away.' ICE didn't immediately respond to a request for response from The Verge. At least 118 people were arrested in ICE operations last week, according to a Department of Homeland Security press release on Saturday. Protests have emerged across Los Angeles to stop ICE from detaining community members as part of the Trump administration's mass deportation campaign. President Trump called protesters 'troublemakers and insurrectionists' on Truth Social. On Saturday night, he ordered the National Guard to deploy and crack down on protests against the wishes of Governor Gavin Newsom — marking the first time a president has ordered troops without a governor's assent since 1965. Mayor Karen Bass called the move 'a chaotic escalation' and Newsom said it was 'purposefully inflammatory and [would] only escalate tensions.' Over the weekend, Secretary of Defense Pete Hegseth also threatened to deploy Marines. Demonstrations across the city on Saturday 'remained peaceful,' the Los Angeles Police Department (LAPD) said in a statement that night. But by late Sunday, hours after National Guard troops arrived, clashes escalated as more authorities and protesters gathered. The LAPD authorized the use of 'less lethal munitions' and an Australian reporter was caught on camera being shot by a rubber bullet. A British photojournalist said he was undergoing emergency surgery after being hit by what he believes was a non-lethal round. Waymo suspended its ride services after some of its tagged-up vehicles were set ablaze. LAPD spokesperson Drake Madison says that 42 people have been arrested so far, as of a Monday morning email to The Verge. An interfaith prayer vigil planned for Sunday night was canceled by organizers 'out of an abundance of caution.' A declaration of 'unlawful assembly' was in place overnight for downtown Los Angeles. But 'the tactical alert has been lifted,' Madison said in another email Monday morning.
Forbes
19 minutes ago
- Forbes
4 Timing Secrets That Fueled Billion-Dollar Venture Growth
Time to Takeoff: Get It Right! getty Most unicorn founders weren't first — they just mastered timing. These timing secrets fueled unicorn growth by helping entrepreneurs spot the right emerging trends early, act before takeoff, and use that narrow window to build the right strategy and skills to lead the industry. That's how Sam Walton beat Kmart, Jeff Bezos won over Borders, and Mark Zuckerberg overtook MySpace — without needing early venture capital and often beating those who had more capital. Here are 4 key timing secrets of Founder-CEOs who achieved rapid growth and market dominance. Just like ChatGPT, DeepSeek, and Mistral, unicorns are best launched when the industry is just emerging. The key to building a unicorn is entering the right emerging trend — for you — at the right time. This is after the industry starts and before it takes off and this time period has ranged from about 3 to 11 years ( • After the start because major trends are started by external factors – not by an entrepreneur. These factors can include disruptive technologies, new laws, and economic changes. • Before takeoff because it is difficult even for existing giants to catch up, as is demonstrated by Sears, Wards and the countless other giants crushed by upstart billion-dollar entrepreneurs. Nearly every billion-dollar entrepreneur took advantage of an emerging trend, including: • Big-box stores: Sam Walton (Walmart) and Dick Schulze (Best Buy). • Personal computers: Bill Gates (Microsoft) and Michael Dell (Dell) • Linking PCs: Leonard Bosack and Sandy Lerner (Cisco) • Internet 1.0: Jeff Bezos ( and Page and Brin (Google) • Internet 2.0: Mark Zuckerberg (Facebook/ Meta) • Internet 3.0: Travis Kalanick (Uber) and Brian Chesky (Airbnb). What can you do? Emerging trends often take 3 to 11 years to take off – but your window to enter is at the beginning, not after takeoff. The earlier you start, the more time you'll have to refine your strategy and build dominance. When you enter the trend is important. The winners are rarely first movers. They're usually first dominators. One of the key reasons why only about 11% of first movers led their industry ( is that first-to-market or even a product-market fit is often not enough. The winners are those who dominate, not those who rush. The ultimate winners are usually smart followers. In artificial intelligence, IBM was the first, but many other companies, including ChatGPT, seem to be leading. Examples of smart followers included Sam Walton in the big-box trend, Bill Gates in the personal computer trend, Steve Jobs in the iPod and iPhone trends, and Brian Chesky in the online trend ( Alex Karp noted that some in Europe are waiting for the right moment to get in on AI, and that they will rue their delay. His point – get in now or miss a major emerging trend. What can you do? If you are the first mover, keep pivoting to find the right strategy (see #3). If you are the smart mover, find the neglected segment that can be targeted by the emerging trend. Finding the right strategy is key because each emerging trend is different. Product-market fit gets you started. But domination requires the right combination of product, market, strategic group, sales driver, and unicorn-launch skills: • Walmart: Found his niche in rural locations by pivoting from small stores. • Gates: Found his edge with a strategic alliance with IBM by pivoting from writing programs. • Dell: Dominated by selling direct-to-consumer. • Bezos: Launched with books to dominate. • Chesky: Focused on helping landlords find guests and pivoted from guests. What can you do? Most unicorns didn't guess their way into dominance — they learned, pivoted, and refined until they found the dominant strategy. You may have to do so also. So be flexible to pivot and test to find the right strategy – this takes time. Unicorn-entrepreneurs rely on skills to grow from idea to unicorn. They do not rely on VCs or their hired CEOs. They learn both technical skills (or partner with someone who has them) and unicorn-launch skills. Gaston Taratuta didn't jump in blindly – he learned the skills to enter the emerging Internet trend by joining Universo Online in Brazil and then scaled Aleph into a billion-dollar company ( What can you do? Identify the unicorn-launch skills you lack. Then learn, test, and practice them before the trend takes off. ( MY TAKE: Timing isn't about being first. It's about being ready — with the right skills, strategy, and edge — before the trend takes off. Jump in when the trend begins, then use the runway to master your skills, evaluate your strategy, and position yourself to dominate when the trend takes off. Or better yet – be the leader who makes the trend take off. Learn how the top 125 billion-dollar entrepreneurs did it — often without VC. Read my other blogs on Forbes.
CNN
20 minutes ago
- CNN
Ukrainian boxer to Trump: ‘Open your eyes'
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CNN's Nick Paton Walsh breaks down the latest. 01:03 - Source: CNN Russia launches strikes across Ukraine Russia launched waves of drones and ballistic missiles at multiple targets across a broad swath of Ukraine overnight killing at least four people in the capital Kyiv and wounding around 40 across the country. 00:32 - Source: CNN German leader on 'terrible' impact of Trump's tariffs In an interview with CNN's Jake Tapper, German Chancellor Friedrich Merz talks about the impact President Trump's tariffs are having on the auto industry. 01:13 - Source: CNN Greta Thunberg sails to Gaza Greta Thunberg has set sail with eleven other activists to Gaza. 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See Culver's full reporting on CNN. 00:53 - Source: CNN Harvard students and faculty speak out against Trump Harvard students and faculty spoke to CNN ahead of commencement as Donald Trump said the university should cap foreign enrollment. The Trump administration has recently sought to cancel $100 million in contracts with the school. 02:03 - Source: CNN Palestinians desperate for food rush US-backed aid site Scores of people rushed over fencing and through barricades in southern Gaza on the first day a US-Israeli-backed aid site was opened. CNN's Jeremy Diamond explains the desperate humanitarian situation that remains in the region. 01:22 - Source: CNN Journalists spit on at Jerusalem Day flag march Ultra-nationalist Israeli Jews chanted anti-Arab slogans as they marched through Jerusalem's Old City to mark Jerusalem Day. CNN's Oren Liebermann describes heavy police presence on the ground. Members of the crowd were seen spitting on journalists, including a CNN producer. 01:50 - Source: CNN Finland's president responds to Russian military activity along border CNN's Erin Burnett speaks with Finland's President Alexander Stubb about his country ramping up its military to deter potential Russian aggression. 02:16 - Source: CNN King Charles stresses Canada's 'self determination' amid pressure from US King Charles III delivered the ceremonial Speech from the Throne in the Canadian Senate. The address marks only the second time in Canadian history that the reigning sovereign has opened parliament, and the third time that the British monarch has delivered the address. 00:42 - Source: CNN Huge ship refloated after nearly crashing into house A larger container ship has been refloated after nearly crashing into a house in Norway. 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