SmartNews

Trump business allies reeling as they realize 'he is crazier than they thought': analysis

CEOs who thought that President Donald Trump would be good for business say they got a massive shock earlier this month when he unveiled his "Liberation Day" tariffs that sent the stock market nose diving.

As political commentator Matthew Yglesias writes, Trump's allies in the business community learned that Trump "is crazier than they thought" thanks to his erratic tariff policies, and he makes the case that they should understand that Trump is behaving just as destructively in other policy areas.

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'Just caved — again': Watchdogs warn Trump is backing down from major promise

U.S. President Donald Trump on Tuesday signed an executive order that aims to delay Medicare negotiations for a broad category of prescription drugs, handing the deep-pocketed pharmaceutical industry a major win as it lobbies aggressively against efforts to rein in its pricing power.

Trump's order, titled "Lowering Drug Prices by Once Again Putting Americans First," instructs Health and Human Services Secretary Robert F. Kennedy Jr. to work with Congress to "modify" the Medicare drug price negotiation program that was established under the Biden administration and has already yielded significant results despite pharma companies' best efforts to block it in court.

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'The president is in a hell of a pickle right now' with little way out: Axios founder

During a break from discussing the Donald Trump administration's growing battle with the judiciary, Axios founder Jim VandeHei reminded the panel on MSNBC's "Morning Joe" that the president has a lot on his plate right now with problems of his own making.

According to the Washington insider, Trump's tariff war has done what appears to be irreparable damage to the reputation of the U.S. and he has put himself into a box he can't escape from to get the economy back on track.

Noting Trump has been facing an extraordinary amount of push back from Wall Street, VandeHei explained, "I think the president blinked in a pretty substantial way last week because of this pressure," he began. "It's pressure from CEOs. It's pressure from investors."

ALSO READ: 'All hands on deck': Democrats unleash new strategy to derail Trump

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Trump eyes 'world’s most expensive trailer park' as site for presidential library: report

President Donald Trump is eyeing a trailer park near his Mar-a-Lago private resort in Palm Beach, Florida, as the site for his presidential library.

Briny Breezes is an incorporated town along State Route A1A that's a seasonal home to about 500 "snowbirds," but The Daily Beast reported that Trump is looking at what the website described as "one of the world’s most expensive trailer parks" as the home to his legacy.

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Trump's U.S. attorney nominee went on Russian state media at least '150 times': report

Ed Martin, who is President Donald Trump's nominee to be the United States Attorney for Washington, D.C., was a regular guest on Russian state media programs for the span of eight years.

According to a tally by the Washington Post, Martin appeared on Russian state outlets such as Russia Today and Sputnik more than 150 times from 2016 until 2024.

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Trump's latest move will 'ultimately impact women more than men': report

President Donald Trump’s tariff war will likely cost women more than men, a move which has a long-standing history, according to a CNN report.

In the 1930s and 1940s, women’s clothing was a smaller industry. Trade experts believe, “US textile and apparel manufacturers at the time were more focused on lobbying to lower tariffs and end trade barriers on men’s clothing,” thus setting the precedent/policy known as “pink tariffs.”

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'Delusional' Zuckerberg shot down after Trump failed to come to his rescue: report

In a deep dive into Meta CEO Mark Zuckerberg's face-off with the Federal Trade Commission anti-trust investigation over his acquisition of Instagram and WhatsApp, the Wall Street Journal is reporting that the controversial founder of Facebook placed a bet that Donald Trump would intervene -- and it never happened.

According to the Journal's Dana Mattioli, Rebecca Ballhaus and Josh Dawsey, the FTC is in the process of getting Zuckerberg to admit he bought the two apps in an effort to "neutralize" them as a threat to his core business and is seeking up to $30 billion in penalties.

Instead, Zuckerberg offered up $450 million which former FTC Chair Lina Khan derided as "delusional" in an interview with the Journal, adding, "Mark bought his way out of competing, so I’m not surprised that he thinks he can buy his way out of law enforcement, too. His proposed remedy, like his market strategy, is: ‘let my illegal monopoly keep monopolizing.’”

ALSO READ: 'All hands on deck': Democrats unleash new strategy to derail Trump

The report notes that it appears Zuckerberg thought his paltry offer would get him off the hook with Trump also weighing in on his behalf.

According to the report, Zuckerberg contacted FTC Chairman Andrew Ferguson in March with his lowball offer with the Journal adding, "On the call, Zuckerberg sounded confident that President Trump would back him up with the FTC, said people familiar with the matter. The billionaire Facebook co-founder had been developing closer ties to Trump—his company donated $1 million to Trump’s inauguration and settled a $25 million lawsuit—and had been pressing the president in recent weeks to intervene in the monopoly lawsuit."

That did not occur, with Ferguson reportedly telling the tech billionaire his offer was "not credible, and wasn’t ready to settle for anything less than $18 billion and a consent decree."

According to the report, Zuckerberg and top executives at Meta have been meeting with both Trump and White House Chief of Staff Susie Wiles in an effort to get help and that the president was "open to striking a deal with Meta and Zuckerberg, directing staff to work on a deal," but then it fell apart when members of his inner circle group made their case "for Trump not to intervene on Meta’s behalf and to let the case go to trial."

According to the Journal, "For Zuckerberg, who has spent tens of millions in recent years aiming to rebuild his relationship with Trump, the failure to reach a deal pretrial suggests he isn’t getting much return on his investment," adding, "Some people around Trump have warned the president that Zuckerberg’s MAGA rebrand is disingenuous."

You can read more right here.

'Definitely coming back': Analyst predicts 'forceful' Supreme Court response to Trump

The U.S. Supreme Court might have a stronger response to the Trump administration if a case reaches them again involving a man who was mistakenly deported to an El Salvador prison, according to CNN's Joan Biskupic.

A federal judge has ordered testimony from administration officials about efforts to return Kilmar Armando Abrego Garcia, which the Supreme Court ruled 9-0 they must facilitate, and CNN's court analyst broke down what might come next in the high-stakes saga.

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Trump is asserting a 'tyrannical' and 'illegitimate power' in migrant cases: analysis

In a new analysis, New York Times Columnist Jamelle Bouie asserts, “The Trump administration believes it can send anyone it wants, without due process or future legal recourse, to rot in a foreign prison.”

Bouie broke down the case of Kilmar Armando Abrego Garcia, the Maryland man who was mistakenly deported to El Salvador. He noted the White House is “openly defying a court order to facilitate the return of an immigrant,” and questioned the Justice Department lawyers who “have asserted the president’s supposedly ‘inherent’ authority to remove foreign nationals from the United States.

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Watchdog says 7 out of 10 GOP lawmakers would gain from tax plan paid for by Medicaid cuts

To honor Tax Day, a watchdog group is highlighting research showing how 70% of congressional Republicans may see personal financial benefit from the party's tax plan, now making its way through Congress, which would likely be paid for in part by deep cuts to Medicaid and through cuts to the Supplemental Nutrition Assistance Program (SNAP).

According to Accountable.US, a progressive research and advocacy group, "270,000 households in many of the lowest-income Republican congressional districts could lose SNAP benefits while their representatives potentially save millions."

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Elon Musk determined to sire a 'legion' of children 'before the apocalypse': leaked texts

The Wall Street Journal has published a lengthy report about the ways that Trump-backing billionaire Elon Musk manages the multiple children he has sired with several different women.

Although Musk is known to be the father of 14 different children, sources who spoke to the Journal believe that the number could be significantly higher given that he often pays the mothers of his children in exchange for their silence.

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Second shooting at Dallas high school in a year injures 4 students

"Second shooting at Dallas high school in a year injures four students" was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues.

Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news.

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'Traumatic nightmare': Woman hit with $12K bill after hanging up on mental health hotline

If you or someone you know may be experiencing a mental health crisis, contact the 988 Suicide & Crisis Lifeline by dialing or texting “988.”

Overcome by worries, Lynette Isbell dialed a mental health hotline in April 2022. She wanted to talk to someone about her midlife troubles: divorce, an empty nest, and the demands of caring for aging parents with dementia.

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