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Russian President Vladimir Putin today ordered his top officials to draft proposals on possible nuclear weapons testing. Putin was reacting to U.S. President Donald Trump’s social media posting last week, stating the U.S. would begin conducting new testing. 

It remains unclear whether Trump was referring to restarting live nuclear detonations or tests on the reliability of warhead delivery systems, like the one conducted today with an unarmed Minuteman III intercontinental ballistic missile, which already occur regularly. U.S. officials have appeared to clarify, at least to some degree, that Trump’s testing will be limited to delivery systems and the nuclear deterrent apparatus, not detonations. Still, there are questions as to his true intent, which could always change. Regardless, Russian officials “assess that Washington is aiming to prepare and conduct nuclear tests,” according to the official Russian TASS news outlet.

Given Trump’s Truth Social post, Defense Minister Andrei Belousov told Putin that it was “advisable to prepare for full-scale nuclear tests” immediately. He added that Russia’s Arctic testing site at Novaya Zemlya could host such tests at short notice. The site is widely believed to have been used for the recent launch systems test of Russia’s mysterious Burevestnik (also known to NATO as SSC-X-9 Skyfall) cruise missile

Belousov offered no further details, so we asked several nuclear weapons experts for their assessments on how quickly Russia could detonate a nuclear device – something it hasn’t done since 1990 – and what it would entail to make it happen. Some responses have been lightly edited for clarity.

Hans
Kristensen — Director, Nuclear Information Project, Federation of American Scientists. Writes the bi-monthly Nuclear Notebook and the world nuclear forces overview in the SIPRI Yearbook.

“Short notice is relative. The quickest would be to drive a warhead into an existing tunnel and seal it off. But that wouldn’t give them any new data and probably risk a leak.

So, unless they already have one prepared, if they want to do a new fully instrumented test, I suspect it would involve preparing a tunnel, the device, and rigging all the cables and sensors to record that data. There has been a lot of tunnel-digging at Novaya Zemlya for quite some time for their existing experiments, so presumably a new fully instrumented test would be in addition to that. 

Preparing a new one would probably take several months, possibly six-plus, but difficult to estimate because we don’t know what they already have prepared.“

Jon B. Wolfsthal, Director of Global Risk, American Federation of Scientists.

“Russia also has an active nuclear maintenance program as does the U.S. However, Russia tests near the Arctic Circle at Novaya Zemlya Island. As a result, they can really only – barring a real emergency – test in summer and late fall. So it would take them some time, and at least until next year. 

However, if they want to gain a lot of technically useful data from a test, it may take them longer. Just to conduct a basic test could take less than 12 months. But as I have said, this is what an arms race looks like. Action/reaction cycles. Russia will test if we do. I suspect they will not if we do not. 

I don’t know what Russia would test. It would not have to be a massive bomb to be useful. You generally only need to test the first stage of a thermonuclear device to get useful data. It could be as small as 1 to 5 kilotons or up to 15 to 20, but there is no way for people outside of the Russian scientific community to predict well.”

Daryl G. Kimball has been Executive Director of the Arms Control Association (ACA) and publisher and contributor for the organization’s monthly journal, Arms Control Today, since September 2001.

“The U.S., China, and Russia all have ‘nuclear test readiness’ plans and I would assess that Russia would be able to resume nuclear explosive testing more quickly than the United States. 

I just know it would be less than the optimistic 24-36 months for a full-scale underground contained nuclear test explosions at the Nevada National Security Site (NNSS). Russia would not be encumbered by the same safety and environmental safeguards and domestic political obstacles that the National Nuclear Security Administration (NNSA) would have to deal with in order to conduct a full-scale multi-kiloton nuclear explosion underground at the former U.S. nuclear test site in Nevada.

But, most importantly, there is no technical, military or political reason why Putin or Trump should order the resumption of nuclear explosive testing, and Defense Minister Belousov’s comments are counterproductive and irresponsible. 

The United States and Russia deploy some 1,700 strategic nuclear warheads and they possess other sub-strategic nuclear weapons. Their arsenals consist of various, well-tested warhead types. The United States conducted more than 1,030 nuclear test explosions and Russia 715, the vast majority of which were to proof-test new warhead designs. Neither side needs to or wants to develop a new warhead, so any new nuclear test explosions would be purely for ‘show,’ which would be extremely irresponsible.“

Ankit
Panda — Expert on nuclear policy, Asia, missiles, & space. Stanton Senior Fellow, Carnegie Endowment for International Peace; Author of ‘Kim Jong Un and the Bomb.’

“We know from both open source and official U.S. assessments that the Russians maintain a relatively high level of test readiness at Novaya Zemlya. They’ve also strongly emphasized the parity principle on the testing issue, so it makes sense that they’d take these steps given Trump’s recent comments. 

They want to be positioned so that if the U.S. tests, they can follow quickly. The specific timeline of Russian readiness is difficult to nail down, but they could test probably without significant instrumentation without much difficulty. I would think weeks if there was sufficient political demand for a rapid demonstration.“

Stephen
Schwartz — Editor/Co-author ‘Atomic Audit: The Costs and Consequences of US Nuclear Weapons Since 1940‘.

“The United States has an enormous advantage in nuclear testing over every other country in the world, partly because we conducted more tests than everyone else combined (1,030, involving 1,149 individual detonations), and because we have a very elaborate and well-funded ($345 billion to date) Stockpile Stewardship program. Since 1996, this has enabled us to ‘test’ our nuclear bombs and warheads via extremely powerful computers, eliminating the need for actual underground tests and providing us with critical insights into our weapons we could not obtain from physical nuclear testing alone.

So given that, and given Trump’s recent out-of-the-blue demand that we resume nuclear testing immediately, it is unfortunately not surprising that Russia is responding the way that it is. In Russia, as in the United States, there are political and military leaders and weapons scientists who have never given up on one day resuming nuclear testing. Russia, like the United States, has long maintained a readiness program to resume nuclear testing. It is an unfortunate escalation of at least rhetoric at this point, sliding the United States and Russia, and perhaps also China and maybe North Korea and other states further down the road toward resuming nuclear testing, which has not happened in decades.

Right now, we and the Russians conduct what are known as subcritical tests, which are tests that do not result in a nuclear yield, but nevertheless provide useful scientific information that can make our weapons more safe and reliable. 

Russia could probably resume underground nuclear testing pretty quickly. Satellite imagery from 2023 and this past July indicates that they’ve been doing some work at the test site to expand the facilities there and potentially make them more ready to resume nuclear testing. I suspect Russia could probably do this faster than the United States. Our testing would take place in Nevada – at least that’s the only test site that we have available right now, and it would probably take on the order of one to three years (for the U.S.) to do a fully instrumented test.

We can’t see inside the [Russian] buildings that have gone up, so we don’t know exactly what’s going on there. But, if I have to guess, and it is only a guess, I would say a matter of several weeks to several months, perhaps [for a Russian test]. But it really depends on what their intentions are. 

If they simply want to blow something up to demonstrate that they’ve returned to doing that kind of testing that can be done fairly quickly if they want to actually have a scientifically and militarily useful test where there’s all sorts of diagnostic equipment and they’re able to measure the results, and determine something about the test other than the fact that it simply went off, that could take more time.

If they’ve been planning and preparing, if they have personnel and equipment there, they could probably do something fairly quickly – on the very short end, potentially a matter of a few weeks to perhaps a few months. It could be longer; it could be a matter of six months. But again, if you only want to send a political message that we are resuming nuclear testing, you can take a nuclear bomb or warhead out of your stockpile and transport it to Novaya Zemlya, stick it in an underground tunnel, seal it off and detonate it.“

We reached out to the White House to see what concern, if any, they have about Putin’s order for proposals on how to resume nuclear testing. We are waiting for a response. The experts we spoke with, however, voiced their own worries.

“As for concerns, Russia’s testing could enable them to develop a new generation of nuclear weapons via computer simulations where now it is hard for them to do so,” explained Wolfsthal. “Russia could close the testing advantage the U.S. now possesses.”

Contact the author: [email protected]

Officials signal that trade deal is close as Trump and Xi prepare to meet for the first time since 2019.

Kuala Lumpur, Malaysia – The United States and China have hailed the outcome of trade talks in Malaysia, raising expectations that Donald Trump and Xi Jinping will seal a deal to de-escalate their trade war at their first meeting since 2019.

US and Chinese officials on Sunday said the sides had made significant progress towards a deal as they wrapped a weekend of negotiations on the sidelines of the ASEAN summit in Kuala Lumpur.

Trump and Xi are set to meet on Thursday on the sidelines of the APEC summit in Gyeongju, South Korea, marking their first face-to-face talks since the US president returned to the White House and embarked on a radical shake-up of global trade.

US Secretary of the Treasury Scott Bessent told reporters in Kuala Lumpur that the sides had come up with a “framework” for Trump and Xi to discuss in South Korea.

Bessent said in a subsequent interview with NBC News that he expected the sides to reach a deal that would defer China’s threatened export controls on rare earths and avoid a 100 percent tariff that Trump has threatened to impose on Chinese goods.

Bessent also said in an interview with ABC News that Beijing had agreed to make “substantial” purchases of US agricultural products, which the treasury secretary said would make US soya bean farmers “feel very good”.

Chinese Vice Premier He Lifeng, Beijing’s top trade negotiator, said the sides had reached “a basic consensus” on “arrangements to address each side’s concerns”.

He said they agreed to “finalise specific details” and “proceed with domestic approval processes”, according to a readout from China’s Ministry of Commerce.

Asian stock markets surged on Monday on hopes of easing US-China tensions.

Japan’s Nikkei 225 and South Korea’s KOSPI both hit record highs, with the benchmark indexes up about 2.1 percent and 2.3 percent, respectively, shortly after midday, local time.

Hong Kong’s Hang Seng also saw strong gains, rising about 0.85 percent.

After attending the ASEAN summit, Trump on Monday departed for Japan, where he will meet newly sworn-in Japanese Prime Minister Sanae Takaichi.

The US president is scheduled to then travel on to South Korea on Wednesday.

While Trump has imposed significant tariffs on almost all US trade partners, he has threatened to hit China with higher levies than anywhere else.

Countries have been anxiously anticipating a breakthrough in the tensions, hoping Washington and Beijing can avoid a full-blown trade war that could do catastrophic damage to the global economy.

In a major escalation in US-China tensions earlier this month, Beijing announced that it would require companies everywhere to acquire a licence to export rare-earth magnets and some semiconductor materials that contain even trace amounts of minerals sourced from China or are produced using Chinese technology.

The proposed rules, which are set to take effect on December 1, have raised fears of substantial disruption to global supply chains.

Rare earths, a group of 17 minerals including holmium, cerium and dysprosium, are critical to the manufacture of countless high-tech products, including smartphones, electric cars and fighter jets.

Trump responded to Beijing’s move by threatening to impose a 100 percent tariff on Chinese goods from November 1.

Analysts have cast the tit-for-tat moves as efforts by the Chinese and US sides to gain leverage in their negotiations ahead of the Trump-Xi summit.

Shaquille O’Neal said he’s “ashamed” of the people involved in the gambling scandal that rocked the NBA on Thursday.

Charles Barkley called two of the individuals involved in the matter “stupid.”

Kenny Smith said the situation is “super unfortunate.”

One day after the “Inside the NBA” crew made its ESPN debut, the three analysts, as well as host Ernie Johnson, had a huge story to discuss that had little to do with the actual game of basketball.

On Thursday morning, federal prosecutors unsealed two indictments that outlined separate schemes to rig sports bets and poker games. More than 30 people were arrested, including former Clippers player and current Portland head coach Chauncey Billups, who was charged with participating in a conspiracy to fix high-stakes card games run by Mafia families.

Also arrested were Miami Heat guard Terry Rozier, who is accused of being part of a scheme to provide private insider NBA information to help others profit from online bets, and retired player Damon Jones, who has been charged with taking part in both schemes.

“All these guys knew what was at stake, and I’m just ashamed that they put themselves and put their family and put the NBA in this position,” O’Neal said during Thursday’s broadcast. “We all know the rules. We all know the letter of the law. And it’s just unfortunate — you know, innocent till proven guilty, but usually when the FBI has something, they have you.”

He added: “I know Chauncey. I know Damon very well, played with Damon. … I’m ashamed that those guys will put their families and their careers in jeopardy. There’s an old saying in the hood, all money ain’t good money. So if you’re making $9 million, like, how much more do you need? Especially if you know you get caught, you can do jail time, lose your career, put a bad image on yourself or your family or on the NBA.”

Smith pointed out that “gambling is an addiction which could make you make illogical decisions,” but Barkley interjected his opinion that addiction had nothing to do with the decision Jones and Rozier made to help others make fraudulent bets.

“This ain’t got nothing to do with addiction. These dudes are stupid,” Barkley said. “Why are they stupid? You under no circumstances can you fix basketball games. Under no circumstances. … Like, Rozier makes $26 million. Him betting, giving people information or taking himself out of games — how much is he going to benefit taking himself out the game to get unders?”

Barkley added: “You can’t fix ball games. Like I said, this is separate from Chauncey, but the notion that guys are making all this money and giving information — come on, man, stop that. That got nothing to do with addiction. That’s just total stupidity on these two dudes parts.”

Billups — a five-time All-Star who was the 2004 NBA Finals MVP as a member of the Detroit Pistons and is in his fifth season as Portland’s coach — and 10-year NBA veteran Rozier were placed on immediate leave, the league announced Thursday.

Billups’ attorney issued a statement Thursday night strongly denying the allegations against his client.

“Anyone who knows Chauncey Billups knows he is a man of integrity,” attorney Chris Heywood said. “Men of integrity do not cheat and defraud others.”

Jones played three seasons with LeBron James on the Cleveland Cavaliers from 2005 to 2008 and was an assistant coach during the Lakers star‘s second stint in Cleveland. In one of the indictments, prosecutors allege Jones was an unofficial coach with the Lakers from 2022 to 2023 when he used inside information for sports betting.

Franklin Street Advisors disclosed an exit from Intuitive Surgical (ISRG -0.92%) in its latest SEC filing for the quarter ended September 30, selling 42,601 shares for an estimated $23.2 million.

What Happened

According to a filing with the Securities and Exchange Commission released on Thursday, Franklin Street Advisors sold its entire holding in Intuitive Surgical, divesting 42,601 shares. The estimated value of the transaction, calculated using the average market price during the quarter, was approximately $23.2 million.

What Else to Know

Franklin Street Advisors’ Intuitive Surgical position previously comprised 1.4% of the fund’s 13F assets.

Top holdings after the filing:

• NVDA: $132.2 million (7.6% of AUM)
• MSFT: $115.2 million (6.6% of AUM)
• AAPL: $110.4 million (6.4% of AUM)
• GOOGL: $91.2 million (5.3% of AUM)
• AMZN: $72.5 million (4.2% of AUM)

As of Thursday afternoon, shares of Intuitive Surgical were priced at $443.87, down 9.5% over the past year and underperforming the S&P 500’s 16% gain.

Company Overview

Company Snapshot

• Intuitive Surgical offers the da Vinci Surgical System for minimally invasive surgery and the Ion endoluminal system for diagnostic lung procedures, along with surgical instruments, digital solutions, and support services.
• The company generates revenue primarily through the sale of surgical systems, recurring instrument and accessory sales, and service contracts for its installed base.
• It serves hospitals, surgical centers, and healthcare providers globally, targeting institutions seeking advanced minimally invasive surgical capabilities.

Intuitive Surgical, Inc. develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of, and access to, minimally invasive care in the United States and internationally. Its strategic focus on innovation and expanding procedure adoption underpins its long-term growth trajectory.

Foolish take

Franklin Street Advisors’ $23.2 million sale of its entire Intuitive Surgical position marks a clear step back from the medical robotics firm after a volatile year for the stock. Shares have fallen more than 25% from their all-time high in January, as investors weigh valuation concerns and new tariff-related risks that management warned could trim 2025 margins by about 1 percentage point.

In its second-quarter 2025 earnings, Intuitive posted revenue of $2.4 billion, up 21% year-over-year, with worldwide da Vinci procedure volume climbing 17%. Meanwhile, GAAP net income rose 25% to $658 million ($1.81 per share). Yet even with expanding adoption, tightening gross margins—driven by higher input costs and tariffs on components from Mexico, Germany, and China—tempered enthusiasm.

CEO Dave Rosa said Intuitive remains “committed to advancing care” and expanding access to minimally invasive surgery worldwide. But after a multi-year run-up, Franklin’s decision to take profits may signal growing caution among institutional investors who see near-term headwinds outpacing the company’s impressive long-term growth story.

Glossary

13F reportable assets: Assets that institutional investment managers must disclose quarterly to the SEC, showing their holdings in U.S. publicly traded securities.
Assets under management (AUM): The total market value of investments that a fund or firm manages on behalf of clients.
Full exit: When an investor sells all shares of a particular holding, eliminating exposure to that asset.
Stake: The amount of ownership or investment a fund or individual holds in a company or asset.
Filing: An official document submitted to a regulatory authority, such as the SEC, to disclose financial or operational information.
Divesting: Selling off an asset or investment, often to reduce risk or change portfolio strategy.
Minimally invasive surgery: Surgical procedures performed through small incisions, often using specialized instruments or robotic systems.
Installed base: The total number of a company’s products currently in use by customers.
Service contracts: Agreements for ongoing maintenance, support, or services related to products sold.
Procedure adoption: The rate at which new medical procedures or technologies are implemented by healthcare providers.
TTM: The 12-month period ending with the most recent quarterly report.

While Thursday’s “Jimmy Kimmel Live!” was preempted by a rerun of “Celebrity Family Feud,” continuing ABC’s indefinite suspension of the talk show, some of Kimmel’s late-night colleagues used their platform to sound off.

On “The Daily Show,” which airs on Paramount-owned Comedy Central and has rotating hosts, Jon Stewart suited up for emceeing duties outside his usual Monday slot. Desi Lydic had been hosting this week, but the comedian had something to say about the issues surrounding his friend Kimmel.

Stewart leaned heavy into irony from the start of the show, saying it is now the “all new, government-approved” version, and was introduced as the evening’s “patriotically obedient host.” Stewart frequently scolded the audience for laughing at his sarcastic pandering to the Trump administration. He said the show was being taped in the “crime-ridden cesspool that is New York City” and notes that “someone’s National Guard should invade this place, am I right?”

“I don’t know who this ‘Johnny Drimmel Live’ ABC character is, but the point is, our great administration has laid out very clear rules on free speech,” Stewart said. “Some naysayers may argue that this administration’s speech concerns are merely a cynical ploy, a thin gruel of a ruse, a smoke screen to obscure an unprecedented consolidation of power and unitary intimidation, principleless and coldly antithetical to any experiment in a constitutional republic governance. Some people would say that. Not me, though, I think it’s great.”

Stewart and the correspondents then serenaded the president with an off-key tune filled with compliments and praises.

Meanwhile, Jimmy Fallon, host of NBC’s “The Tonight Show,” briefly addressed the situation in his monologue Thursday night saying, “To be honest with you all, I don’t know what’s going on — no one does. But I do know Jimmy Kimmel, and he is a decent, funny and loving guy. And I hope he comes back.”

Fallon said he would continue his monologue “just like I normally would,” but the punchline of his jokes about Trump came with an announcer interrupting any possible slights with flattery.

Earlier in the day, the host had canceled a scheduled appearance at Fast Company’s Innovation Festival in New York City, where he was set to join a panel titled “Staying on Brand”; organizers did not respond to a request for comment about the cancellation of his appearance.

Seth Meyers, host of NBC’s “Late Night,” also didn’t avoid the topic. He opened his segment “A Closer Look” on Thursday by cracking jokes about how anything negative he’s said about the president is an AI-generated deepfake. “I’ve always believed he was a visionary, an innovator, a great president and even better golfer,” he joked.

He proceeded to show clips from Trump’s recent trip to the U.K., poking fun at the president’s comments and protesters who rallied against his visit. But later in the segment, Meyers’ began to show clips of Trump touting his efforts to “stop all government censorship” and bring back free speech, before cutting to news clips about Kimmel’s suspension.

“Trump promised to end government censorship and bring back free speech, and he’s doing the opposite, and it has experts worried that we’re rapidly devolving into an oppressive autocracy in the style of Russia or Hungary, much faster than anyone could have predicted,” Meyers continued.

The host also commented on his personal relationship with Kimmel, saying it’s a “privilege and an honor” to be his friend, in the same way he feels privileged to host his own show. “I wake up every day, I count my blessings that I live in a country that at least purports to value freedom of speech, and we’re going to keep doing our show the way we’ve always done it, with enthusiasm and integrity,” he said.

“The Late Show With Stephen Colbert” added David Remnick, the editor in chief of the New Yorker, to its lineup Thursday, which already included CNN journalist Jake Tapper. Colbert’s show generated its own headlines this summer when CBS announced the late-night talk show would be canceled after the season wraps in May 2026 — effectively ending the franchise after 33 years on the air. The decision, the company said, was due to financial reasons rather than a response to Colbert’s criticism of a deal between the Trump administration and Paramount, the parent company of CBS, the network that airs “The Late Show,” as many have speculated.

Colbert used his vocal talents Thursday to sing a tune about the situation, presenting a short song as a message from ABC and its parent company, Walt Disney. The song was to the tune of “Be Our Guest,” the “Beauty and The Beast” classic — except the repeating refrain is “shut your trap.”

Colbert sings as an animated clip of the candlestick character Lumière from the movie plays, but he’s donning a red MAGA hat here. “Shut your trap, we’re warning you to cut the crap. Our dear leader’s skin is thinner than a sheet of plastic wrap,” he sings.”Mum’s the word, have you heard, kissing a— is what’s preferred. Don’t insult our great dictator or he’ll hit you with this turd,” the song continues as a photo of FCC Chairman Brendan Carr appears on screen.

“The new rule at ABC: Don’t make fun of Donny T,” he sings. “So don’t you make a scene or mention Jeff Epstein, or your show will be scrapped — shut your trap.”

Colbert also spoke about the suspension in a monologue, reading a social media post from Carr that said “While this may be an unprecedented decision, it is important for broadcasters to push back on Disney programming that they determine falls short of community values.”

“You know what my community values are, buster?” Colbert asked. “Freedom of speech.”

Colbert discussed Kimmel’s situation with Tapper, who brought up the Department of Justice’s review of Disney’s deal to take a controlling stake in streaming company FuboTV, which brings up potential antitrust issues. Tapper questioned what Bob Iger, Disney’s chief executive, would do about Kimmel given that he has business before the Justice Department. “Is he going to poke the bear, Donald Trump, or is he going to ignore this great tradition we have in this country, of not acquiescing — of media, newspapers, comedians, television — not acquiescing to power?”

Democratic Arizona Sen. Mark Kelly is also scheduled to appear in an episode of “The Late Show” airing Monday; Kelly last appeared on the show last year ahead of the November 2024 presidential election, discussing border security and gun reform.

Earlier on Thursday, while taking part in a panel conversation moderated by the Atlantic’s Jeffrey Goldberg, late-night veteran David Letterman, who once helmed “The Late Show” on CBS, described this week’s turn of events as “misery.”

“In the world of somebody who’s an authoritarian, maybe a dictatorship, sooner or later, everyone is going to be touched,” Letterman said. He first addressed what transpired with Colbert and the cancellation of “The Late Show,” alluding to political pressure as the real culprit, before addressing the decision to yank Kimmel’s show.

“I just feel bad about this because we all see where this is going, correct?” he said. “It’s managed media. And it’s no good. It’s silly. It’s ridiculous. And you can’t go around firing somebody because you’re fearful or trying to suck up to an authoritarian — a criminal — administration in the Oval Office. That’s just not how this works.”

With three decades in the late-night circuit, Letterman never shied from mocking presidents: “Beating up on these people,” he said, “rightly or wrongly, accurately or perhaps inaccurately, in the name of comedy — not once were we squeezed by anyone from any government agency, let alone the dreaded FCC.”

ABC carried out the decision to take Kimmel off the air Wednesday after the comedian and host made comments about conservative activist Charlie Kirk’s death during his opening monologue on Monday night.

“We hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them, and doing everything they can to score political points from it,” Kimmel said.

Kimmel has not yet commented publicly on the matter. But his show’s suspension quickly ignited fierce debate, with critics accusing ABC and its parent company, Disney, of capitulating to political pressure. Brendan Carr, the chairman of the Federal Communications Commission, said Wednesday that his agency might take action against ABC because of Kimmel’s comments.

“This is a very, very serious issue right now for Disney,” Carr said on the Benny Johnson podcast. “We can do this the easy way or the hard way. These companies can find ways to take action on Kimmel or there is going to be additional work for the FCC ahead.”

President Trump lauded Kimmel’s suspension in a post he wrote on his Truth Social media site: “Great News for America: The ratings challenged Jimmy Kimmel Show is CANCELLED.” (The show has not been canceled, but remains on hold.)

It’s also worth noting Kimmel’s outspoken daytime counterparts were mum on the issue. “The View’s” panelists did not address the Kimmel situation during Thursday’s episode. (“Good Morning America,” which is produced by ABC News, did mention the news of the Kimmel hiatus without additional commentary.)

Meanwhile, Kimmel’s fictional late-night competitor, Deborah Vance, has an opinion on the ordeal — or rather, actor Jean Smart does. She may only play a late-night television host on TV, but the “Hacks” actress was quick to share her thoughts on the decision to pull Kimmel from the air: “What Jimmy said was FREE speech, not hate speech,” Smart shared in an Instagram post. “People seem to only want to protect free speech when its suits THEIR agenda.” (Kimmel made a cameo in the recent season of “Hacks.”)

She went on to write: “Thought I didn’t agree at ALL with Charlie Kirk; his shooting death sickened me; and should have sickened any decent human being. What is happening to our country?”

Canadian PM Carney also announced a fund of $5 billion in Canadian dollars ($3.6bn US) to help firms in all sectors hurt by tariffs.

Canada will waive a requirement that 20 percent of all vehicles sold next year be emissions-free, part of an aid package designed to help companies deal with damage done by tariffs from United States President Donald Trump.

Prime Minister Mark Carney made the announcement on Friday.

The 20 percent target was mandated by the Liberal government of then-Prime Minister Justin Trudeau in 2023.

Carney, Trudeau’s successor, said waiving the rule would help the industry deal with punitive US measures that are also targeting the steel and aluminium sectors.

“This will provide immediate financial relief to automakers at a time of increased pressures on economic competitiveness,” Carney told a televised press conference.

Ottawa will also launch an immediate 60-day review to reduce costs linked to the EV sales requirement.

The Canadian Vehicle Manufacturers’ Association welcomed the move, saying the push for mandates imposed unsustainable costs on companies and threatened investment.

Carney said it was too soon to draw any conclusions about whether Ottawa should lift the 100 percent tariffs it imposed on Chinese-made electric vehicles last year. China on Friday prolonged a probe into imports of canola from Canada, one of the world’s leading suppliers.

Carney, who won an April election on the need to diversify the economy away from the US, said Ottawa would set up a new fund worth $5 billion Canadian dollars ($3.6bn US) with flexible terms to help firms in all sectors affected by tariffs.

The US measures are “causing extreme uncertainty that is holding back massive amounts of investment”, he said.

Ottawa will introduce a new policy to ensure the federal government buys from Canadian suppliers and is also introducing a new biofuel production incentive, with more than $370 million Canadian dollars ($267m US) for farmers to address immediate competitiveness challenges.

Carney did not mention specific new aid for the steel and aluminium sectors. When pressed, he said companies could apply for help from existing funds.

It’s been said many times before.

In Los Angeles, for many people, the neighborhood park is their frontyard and backyard.

It’s where tables are staked out early and birthdays are celebrated.

It’s where kids learn how to swim and all ages play soccer, baseball and basketball.

It’s where neighbors gather to beat the heat, hike, catch a concert, slow down, escape the madness.

But as I said in my last column, L.A.’s roughly 500 parks and 100 rec centers, occupying 16,000 acres, are generally in bad shape and not easily accessible to many residents. In fact, in the latest annual ranking by the Trust for Public Land, they fell to 90th out of the 100 largest recreation and parks systems in the nation on the basis of access, acreage, amenities, investment and equity.

That’s shameful and inexcusable, especially for a city prepping to host World Cup soccer championships and the Olympics. But in every corner of Los Angeles, residents now have a chance to weigh in on what they like or don’t like about parks, what went wrong and what to do about it.

A months-long study, commissioned by the city and compiled by landscape design company OLIN with input from multiple urban planners, community groups and thousands of residents, was posted online Tuesday, explaining the long history of decline and laying out strategies for turning things around.

Residents have 45 days to weigh in online or at community meetings (details below). The final report will be delivered to the recreation and parks board of commissioners and then, in a perfect world, someone at City Hall will lead the way and restore pride in an essential but neglected community asset.

Among the key findings of the nearly 500-page needs-assessment study:

Fewer than half of survey respondents said there are enough parks and rec centers within walking distance of their homes.

Fewer than 40% said parks are in either excellent or good condition.

L.A. invests less per capita in parks ($92 annually) than many other large cities, including Chicago ($182), Dallas ($232), Washington, D.C. ($407) and San Francisco ($583).

The department’s maintenance and operations budget has been stagnant for years and its staff has been shrinking, with more trouble on the horizon as temporary funding sources dry up in the next few years.

Nearly two-thirds of survey respondents would support a bond, tax or levy for additional funding.

“I think it validated what we already knew,” Department of Recreation and Parks general manager Jimmy Kim said of the needs assessment study, adding that it provided a framework for making smarter use of existing resources while going after new sources of revenue. “My message to Los Angeles [is] please participate in this process.”

Kim told me last week that the current workforce is half what it once was, and basic park maintenance is like a “game of whack-a-mole.” The department’s budget has grown in the last 15 years, but lagged way behind growth of the citywide budget. In that time, it’s been hit by inflation, the citywide budget deficit and the rising cost of maintaining aging facilities (the deferred maintenance tab is greater than $2 billion).

The department is also hamstrung by a Charter-mandated, per-capita funding formula that hasn’t been tweaked since the 1930s. And because it’s a proprietary department, meaning that it raises some money through programs and concessions, it’s required to pay its own utility bills and reimburse the city for employee benefits, two expenses that swallow 40% of its budget.

“For the last century,” said Jessica Henson, of OLIN, “the same percentage of the city budget has been allocated to parks, but they’re doing a lot more today, and are on the front lines of so many critical public services like COVID response and fire response. They’re doing more with less over the last 15 years.”

In my last column, I laid out one of the easiest and quickest ways to add more park space — unlock the gates of L.A. Unified schoolyards. Ten have been opened so far, and a new agreement between the city and school district paves the way for more, although two major obstacles are funding and the need to replace blacktop with greenery.

To calculate how to make better use of existing resources, the study used an approach developed in part by UCLA’s Institute of the Environment and Sustainability. The PerSquareMile tool broke the city into tiny grids and identified two dozen park sites where improved facilities could impact the largest number of people, and three dozen sites where conversion of schools and other public spaces into parks would serve hundreds of thousands of people.

“It’s the greatest good for the greatest number of people in the most efficient way,” said Jon Christensen, of the UCLA institute.

But transforming the system will take more than that, said Guillermo Rodriguez, a member of the study’s steering committee and California state director of the Trust for Public Land, the nonprofit that ranked L.A. near the bottom of the 100 largest park systems.

“Cities have made investments across the board, and L.A. is lagging,” Rodriguez said.

The study cited several revenue-generating options, including a charter amendment to increase the percentage of funding that goes to parks, expanded nonprofit partnerships, extending Proposition K, the 1996 park improvement measure that is about to expire, and putting a new fundraising initiative on the ballot in the fall of 2026.

“In every administration since [Mayor] Tom Bradley, the park system was taken for granted,” Rodriguez said. “There’s no more tape, no more paint, no more magic tricks that they can use to fix the parks. It really requires leadership and a significant investment, and I think Angelenos are ready to step up.”

That leadership is going to have to come from Mayor Karen Bass and each member of the City Council. So if you’d like to get their attention, two public meetings are coming up:

Thursday from 6 to 8 p.m. at the Bellevue Recreation Center in Silver Lake, and Saturday from 10 a.m. to noon at the Westwood Recreation Center.

For a schedule of future virtual meetings, and to read an online copy of the needs assessment study, go to needs.parks.lacity.gov.

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The world’s top-selling carmaker joins a growing list of companies reporting profit hits because of tariffs

Toyota expects a $9.5bn hit from United States President Donald Trump’s tariffs on cars imported to the US, the largest of any company to date, underscoring growing margin pressures.

The world’s top-selling carmaker announced the forecast impact alongside its updated annual guidance on Thursday.

Toyota also cut its forecast for full-year operating profit by 16 percent, reflecting challenges for global manufacturers grappling with rising costs from US levies on cars, parts, steel and aluminium.

“It’s honestly very difficult for us to predict what will happen regarding the market environment,” Takanori Azuma, Toyota’s head of finance, told a briefing, vowing to keep making cars for US customers, regardless of tariff impact.

Azuma said the 1.4-trillion yen ($9.50bn) estimate also includes fallout that suppliers are facing, particularly those in the US importing parts from Japan, though he declined to say how much of the total was attributable to that.

Toyota’s North American business swung to an operating loss of 63.6 billion yen ($431.3m) in the first quarter, from a profit of 100.7 billion yen ($682.9m) a year earlier, as it took a hit of 450 billion yen ($3bn) from the tariffs.

Its broad production operations, which include US, Canadian, Mexican and Japanese plants, expose it to tariffs not only on direct exports but also on vehicles and parts shipped across borders within North America.

Last week, the automaker said it turned out some 1.1 million Toyota and Lexus brand vehicles in North America in the first six months of 2025, including more than 700,000 in the US.

Forecasts tumble

Toyota cut its operating profit forecast for the financial year to the end of March 2026 to 3.2 trillion yen ($21.7bn) down from a previous outlook of 3.8 trillion yen ($25.7bn).

It had previously estimated a tariff hit of 180 billion yen ($1.2bn) for April and May, but that was solely for the impact from tariffs on Toyota’s vehicles. It had not issued a full-year projection until now.

Rivals have reported smaller tariff hits so far: Jeep maker Stellantis said tariffs were expected to add $1.7bn in expenses for the year. General Motors (GM) has projected one of $4bn to $5bn for the year, while Ford expects a $3bn gross hit to pretax adjusted profit.

On Wednesday, Ford reported that second-quarter results took an $800m hit from tariffs.

Trade deals

The first-quarter results highlight the pressure US import tariffs are putting on Japanese automakers, even as a trade pact between Tokyo and Washington offers potential relief.

Under the deal agreed last month, Japanese auto exports into the US would face a 15 percent tariff, down from levies totalling 27.5 percent previously. But a timeframe for the change has yet to be unveiled.

Last week, Toyota reported record global output and sales for the year’s first half, driven by strong demand in North America, Japan and China, including that for petrol-electric hybrid vehicles.

The carmaker also announced on Thursday a plan to build a new vehicle factory in Japan, where car sales have been falling due to a shrinking population and declining ownership.

Toyota said it planned to start operations early next decade at the new plant, but has yet to decide production models.

On Wall Street, Toyota’s stock is on the decline amid its downward revised forecast. As of 11:30am in New York City (15:30 GMT), it is down by 1.6 percent. Competitors’ stocks are mixed. Ford is down 0.5 percent, Stellantis is up 2.4 percent and GM is up by about 0.7 percent.

GM’s profit tumble in second quarter comes a day after Jeep maker Stellantis says it expected a $2.7bn loss in the first six months of the year.

Auto giant General Motors has reported a 35 percent drop in second-quarter profits, including a $1.1bn hit from United States-imposed tariffs but confirmed its full-year forecast.

GM’s results released on Tuesday still topped analyst estimates, but the US carmaker cautioned that profits in the second half of 2025 would be lower than in the first.

The company pointed to sales growth in North America, where new and revamped trucks and sport utility vehicles sold briskly with solid pricing. GM was among the carmakers that benefitted from a surge in demand this spring from consumers who wanted to beat the US tariffs and their higher prices.

Profits overall fell 35.4 percent to $1.9bn year-on-year while revenues dipped 1.8 percent to $47.1bn.

The US imposed 25 percent tariffs on imported finished cars in early April, a move that affected major GM manufacturing operations in Mexico, Canada and South Korea. Car companies have also faced tariffs on imported steel, aluminium and auto parts.

The tariff hit in the second quarter reflected that there were “minimal mitigation offsets”, GM said in a slide presentation.

The Detroit, Michigan-based company’s outlook for a weaker second half of 2025 reflects “seasonally lower” volumes, increased spending on vehicle launches and the presence of two quarters with a tariff hit compared with just one in the first half of the year.

GM expected annual operating income of $10bn to $12.5bn after notching $6.5bn in the first half of the year.

Chief Financial Officer Paul Jacobson described the hit to profitability in the first quarter as “the peak of the tariff impact for us”, telling CNBC in an interview that mitigation efforts should enable a partial recovery in profit margins later in the year.

Shifting manufacturing

GM expected to mitigate “at least” 30 percent of the tariff hit through “manufacturing adjustments, targeted cost initiatives and consistent pricing”, according to a slide.

Jacobson said it would take 18 to 24 months to implement capital projects to adjust GM’s manufacturing footprint.

In June, GM announced spending of $4bn over two years to expand production at plants in Michigan, Kansas and Tennessee, making use of unused capacity in its home market as President Donald Trump’s tariffs penalise imports of finished vehicles.

The June announcement included steps to produce the Chevrolet Equinox and Chevrolet Blazer in the US. The two vehicles are currently assembled in Mexico.

GM has so far not shifted manufacturing from South Korea, home to production for the Chevrolet Trax, a popular compact SUV that is priced affordably.

Jacobson told CNBC the Trax has stayed profitable even with the hit from the tariff on imported autos.

“We haven’t made any long-term decisions about Korea yet, mainly because there is a lot of uncertainty about that,” Jacobson said.

Trump has set an August 1 deadline to reach broad trade deals with numerous countries, including South Korea, which faces a 25 percent tariff if there is no deal.

“We’re optimistic that the US and Korea can find common ground,” Jacobson said. “We know the auto industry is important to both sides in those conversations.”

GM’s stock tumbled on the lacklustre earnings report. It is down 6.6 percent for the day as of 11:30am in New York (15:30 GMT).

GM’s newly reported hit comes a day after carmaker Stellantis announced it expected a $2.7bn loss in the first six months of the year because of Trump’s imposed tariffs. Stellantis, the owner of brands including Fiat and Jeep, will disclose its final results for the first half of the year on July 29.

Stellantis stock is down 0.3 percent since the market opened on Tuesday and had increased more than 2.4 percent over the past five days.

Padraig Harrington has been around even longer than Rose. What, then, did the three-time major winner make of the Scheffler soliloquy?

“I don’t want to compare myself to him, but I genuinely still have a real love for this game and enjoy every bit,” he said. “It brings me tremendous satisfaction and I don’t think I have to shy away from that.

“Just because I love golf doesn’t make me a bad father or bad parent. They’re separate entities, you can enjoy everything there is about golf and still be good elsewhere. I just love playing golf.

When pressed about still feeling fulfilled on the course, 30 years after turning pro, he said he still “loves practising, hitting shots and dreaming of what can be”.

Going back to Scheffler, two-time Open champion Harrington added: “He was being honest, but those people are going to ask him about that for a long time.

“He obviously loves to practice, I just don’t think he loves the grind of it. I don’t think he needs to separate it.

“I’ve often said this later on in my life, I wish I’d spent more time enjoying my wins when they happened.”

Whoever takes the Claret Jug home from Portrush on Sunday, maybe they will have Scheffler’s words ringing in their ears. Maybe it will allow them to enjoy an Open win that bit longer.

WASHINGTON — Just hours after she pleaded not guilty to federal charges brought by the Trump administration, Rep. LaMonica McIver of New Jersey was surrounded by dozens of supportive Democratic colleagues in the halls of the Capitol. The case, they argued, strikes at the heart of congressional power.

“If they can break LaMonica, they can break the House of Representatives,” said New York Rep. Yvette D. Clarke, chair of the Congressional Black Caucus.

Federal prosecutors allege that McIver interfered with law enforcement during a visit with two other House Democrats to an Immigration and Customs Enforcement facility in Newark. She calls the charges “baseless.”

It’s far from the only clash between congressional Democrats and the Republican administration as officials ramp up deportations of immigrants around the country.

Sen. Alex Padilla of California was forcibly removed by federal agents, wrestled to the ground and held while attempting to ask a question at a news conference of Homeland Security Secretary Kristi Noem. At least six groups of House Democrats have recently been denied entry to ICE detention centers. In early June, federal agents entered the district office of Rep. Jerry Nadler (D-N.Y.) and briefly detained a staffer.

Congressional Republicans have largely criticized Democrats’ behavior as inflammatory and inappropriate, and some have publicly supported the prosecution of McIver.

Often in the dark about the Trump administration’s moves, congressional Democrats are wrestling with how to perform their oversight duties at a time of roiling tensions with the White House and new restrictions on lawmakers visiting federal facilities.

“We have the authority to conduct oversight business, and clearly, House Republicans are not doing that oversight here,” said New Jersey Rep. Rob Menendez, one of the House Democrats who went with McIver to the Newark ICE facility.

“It’s our obligation to continue to do it on-site at these detention facilities. And even if they don’t want us to, we are going to continue to exert our right.”

A stark new reality

The prospect of facing charges for once routine oversight activity has alarmed many congressional Democrats who never expected to face criminal prosecution as elected officials. Lawmakers in both parties were also unnerved by the recent targeted shootings of two Minnesota lawmakers — one of them fatal — and the nation’s tense political atmosphere.

“It’s a moment that calls for personal courage of members of Congress,” said Rep. Summer Lee (D-Pa.). “I wish that we had more physical protection. I think that’s one of those harsh realities that members of Congress who are not in leadership recognize: that oftentimes, we do this job at our own peril, and we do it anyway.”

The arrests and detentions of lawmakers have led some Democrats to take precautionary measures. Several have consulted with the House general counsel about their right to conduct oversight. Multiple lawmakers also sought personal legal counsel, while others have called for a review of congressional rules to provide greater protections.

“The Capitol Police are the security force for members of Congress. We need them to travel with us, to go to facilities and events that the president may have us arrested for,” said Rep. Jonathan Jackson (D-Ill.).

‘Not a lot of transparency’

As the minority party in the House, Democrats lack the subpoena power to force the White House to provide information. That’s a problem, they say, because the Trump administration is unusually secretive about its actions.

“There’s not a lot of transparency. From day to day, oftentimes, we’re learning about what’s happening at the same time as the rest of the nation,” said Rep. Lucy McBath (D-Ga.), who led a prayer for McIver at the Capitol rally.

To amplify their concerns, Democrats have turned to public letters, confronted officials at congressional hearings and used digital and media outreach to try to create public pressure.

“We’ve been very successful when they come in before committees,” said Rep. Lauren Underwood (D-Ill.), who added that she believed the public inquiries have “100%” resonated with voters.

Tapping into the information pipeline

Congressional Democrats say they often rely on local lawmakers, business leaders and advocates to be their eyes and ears on the ground.

A few Democrats say their best sources of information are across the political aisle, since Republicans typically have clearer lines of communication with the White House.

“I know who to call in Houston with the chamber. I think all of us do that,” Rep. Sylvia Garcia (D-Texas) said of how business leaders are keeping her updated.

Garcia said Democrats “need to put more pressure” on leading figures in the agriculture, restaurant and hospitality sectors to take their concerns about the immigrant crackdown to President Trump’s White House.

“They’re the ones he’ll listen to. They’re the ones who can add the pressure. He’s not going to listen to me, a Democrat who was an impeachment manager, who is on the bottom of his list, if I’m on it at all,” Garcia said.

Rep. Jason Crow (D-Colo.) had a working relationship with a for-profit ICE facility in his district until the Department of Homeland Security in February ended reports as part of an agency-wide policy change. A member of Crow’s staff now regularly goes to the facility and waits, at times for hours, until staff at the Aurora facility respond to detailed questions posed by the office.

‘Real oversight’ requires winning elections

Still, many House Democrats concede that they can conduct little of their desired oversight until they are back in the majority.

Rep. Marc Veasey (D-Texas) said that “real oversight power and muscle” only comes “when you have a gavel.”

“Nothing else matters. No rousing oratory, no tours, no speeches, no social media or entertainment, none of that stuff,” Veasey said. “Because the thing that keeps Trump up at night more than anything else is the idea he’s going to lose this House and there’ll be real oversight pressure applied to him.”

Brown writes for the Associated Press.

Citing a recent arrest by immigration agents that bloodied a man in the unincorporated area of Valinda, Los Angeles County Supervisor Hilda Solis said she wants the county to explore a legal counterattack against what she described as the federal government’s “unconstitutional immigration enforcement practices.”

In a statement Saturday, Solis said that she plans to co-sponsor a motion at Tuesday’s Board of Supervisors meeting asking the county’s attorney to explore “all legal remedies available to the County to protect the civil rights of our residents and prevent federal law enforcement personnel from engaging in any unconstitutional or unlawful immigration enforcement.”

Such conduct, the motion says, includes the “unlawfully stopping, questioning or detaining individuals without reasonable suspicion, or arresting individuals without probable cause or a valid warrant.”

“As these immigration raids continue to terrorize our communities, I’m deeply disturbed by the forceful detainment of a man in unincorporated Valinda. This incident raises serious concerns about the conduct and legality of these actions, and demonstrates a violation of constitutional rights and due process,” Solis, whose district stretches from Eagle Rock to Pomona, said in a statement.

The Trump administration’s ongoing crackdown on undocumented immigrants, the motion says, has sown widespread fear throughout the region and emptied out normally bustling public spaces, with people “avoiding going to work or visiting grocery stores and restaurants, skipping medical appointments.”

This has had a “tremendous negative impact” on not only the county’s economy, but also its “ability to provide for the health and welfare of our residents,” according to the motion.

The L.A. City Council introduced a similar motion earlier this month seeking to prohibit federal agents from carrying out unconstitutional stops, searches or arrests of city residents.

Federal officials have said their agents are defending themselves against increasingly hostile crowds, which in some cases are interfering with arrests.

Top officials, such as Department of Homeland Security Secretary Kristi Noem, have argued that the government’s raids are targeting “criminals that have been out on our street far too long.” A recent Times analysis suggested that the majority of those who were arrested in early June were not convicted criminals, however.

For weeks, social media has been flooded with videos of federal agents, their faces often shrouded by masks, violently arresting bystanders who are filming their actions, dragging a taco stand vendor by her arm and tossing smoke bombs into a crowd of angry onlookers. One widely circulated clip showed a military-style vehicle accompanying federal law enforcement officers during an apparent raid at a home in Compton earlier this month — part of what critics have called an alarming escalation in tactics.

Footage reviewed by The Times shows a person in the turret of the vehicle pointing what appears to be a less-lethal projectile launcher downward, but it’s unclear whether any shots were fired.

In her statement, Solis cited another federal operation that was at the center of a viral video.

That footage, shot by a bystander and obtained by ABC 7, shows federal agents in tactical vests and masks smashing the windows of a large white pickup truck before apparently pulling out a man from inside.

Several agents are later seen kneeling on top of the man who is bleeding from an apparent head wound, even as a crowd of onlookers demand that the man be released. In one clip, an agent is shown pushing the man’s face into the pavement.

World leaders and senior officials have called on both Israel and Iran to walk back from the brink of all-out war as the bitter enemies traded intense attacks for a second day.

Prime Minister Benjamin Netanyahu claimed on Saturday that Israel’s strikes on Iranian infrastructure had set its nuclear programme back years, without providing evidence, but rejected global calls for restraint.

“We will hit every site and every target of the Ayatollahs’ regime, and what they have felt so far is nothing compared with what they will be handed in the coming days,” he said in a video message.

During its surprise attack on Friday, the Israeli army targeted more than 200 military and nuclear sites, killing top Iranian army commanders, scientists and other senior officials.

Iran strong retaliation penetrated Israel’s lauded missile defence on Friday night and overnight into Saturday, with air raid sirens sounding across Israel. At least four people were killed, with the Israeli military saying Iran had fired about 200 ballistic missiles in four waves.

Iranian President Masoud Pezeshkian warned on Saturday of a “more severe and powerful response” if Israel continued to strike.

In light of the escalation, world leaders have spoken to Iranian and Israeli top officials, fearing a possible regional war.

Here is what some countries have said:

US/Russia

The United States President Donald Trump says he spoke to his Russian counterpart Vladimir Putin about the conflicts in the Middle East and Ukraine. “He feels, as do I, this war in Israel-Iran should end, to which I explained, his war should also end,” Trump wrote in a social media post.

Earlier, top Kremlin aide Yuri Ushakov told reporters Putin spoke to Trump and condemned Israel’s attacks on Iran. Putin “expressed serious concern about a possible escalation of the conflict, which would have unpredictable consequences for the entire situation in the Middle East”, Ushakov said,

According to Ushakov, Trump described the current events in the Middle East as “very alarming”.

The two leaders did not rule out a return to the negotiating meetings on Iran’s nuclear programme, Ushakov said.

Turkiye

President Recep Tayyip Erdogan told the Iranian president that Israel was looking to “drag the whole region into the fire,” according to a statement from the Turkish presidency. Erdogan also told Pezeshkian that Israel’s attacks aimed to divert attention from the genocide in Gaza.

Erdogan told Saudi Arabia’s Crown Prince Mohammed bin Salman that Israel needed “to be stopped”, calling it “the main threat to stability and security in the region”. The issue of Iran’s nuclear programme “can only be resolved through negotiations”, he added. The Turkish leader also spoke with Jordan’s King Abdullah II and Egyptian President Abdel Fattah al-Sisi.

Similarly, Erdogan told Trump in a phone call that he sees nuclear negotiations as the only way to resolve the conflict.

Erdogan told Trump that Turkiye supports Washington’s view that nuclear negotiations should continue to resolve the fighting and that Ankara is ready to help prevent an uncontrolled escalation, a statement by his office said.

China

Foreign Minister Wang Yi spoke to his Iranian and Israeli counterparts and made clear Beijing’s support for Tehran.

Wang told Iranian Foreign Minister Abbas Araghchi that Beijing “supports Iran in safeguarding its national sovereignty, defending its legitimate rights and interests, and ensuring the safety of its people”, according to a statement by the foreign ministry.

Wang told Araghchi that Israel’s actions “seriously violate … the basic norms governing international relations”, adding attacks on nuclear facilities “have set a dangerous precedent with potentially catastrophic consequences”.

During his conversation with Israeli Foreign Minister Gideon Saar, Wang expressed that its attack on Iran was “unacceptable”.

“Diplomatic means for the Iranian nuclear issue have not been exhausted, and there is still hope for a peaceful solution. Force cannot bring lasting peace,” Wang said, adding that Beijing was willing to play a role in de-escalating the conflict.

Qatar

Emir Sheikh Tamim bin Hamad Al Thani also spoke with Pezeshkian and reiterated Qatar’s strong condemnation and denunciation of the Israeli attack targeting the territory of Iran, considering it a “blatant violation of Iran’s sovereignty and security, and a clear breach of the rules and principles of international law”.

The Qatari leader also called for a diplomatic solution to reach a lasting and comprehensive peace in the region.

Saudi Arabia

Pezeshkian has held a phone call with Saudi Arabia’s Crown Prince Mohammed bin Salman, IRNA reports. The Saudi State news agency confirmed the call.

“Since taking office as president, I have sought to strengthen peace, stability and security in the region, but the Zionist regime has disrupted and sabotaged every area where we wanted to achieve something,” Pezeshkian was quoted as saying.

The Saudi crown prince said, “the Kingdom condemns ongoing attacks that undermine Iran’s sovereignty and security. ”

Ties between Riyadh and Tehran have improved significantly since the two countries agreed to restore diplomatic relations in 2023 after years of animosity.

United Kingdom

The British Prime Minister Keir Starmer said Saturday that the UK is moving military assets, including fighter jets, to the Middle East for contingency support across the region.

Foreign Secretary David Lammy said he was “alarmed” by the overnight strikes “with reports of fatalities and injuries in Israel”. “We must urgently de-escalate & prevent any further harm to civilians,” Lammy said on X, adding that he had spoken to his Iranian counterpart “to urge calm”.

Germany

Foreign Minister Johann Wadephul spoke to his Saudi Arabian counterpart, Faisal bin Farhan Al Saud, and warned that the risk of “further escalation is real.” “Iran’s nuclear program threatens not only Israel, but also Saudi Arabia and the broader stability of the region. The countries here share a clear goal: to prevent nuclear proliferation. Germany is firmly committed to de-escalation,” he wrote on X.

France

President Emmanuel Macron said he spoke to his Iranian counterpart and called for French “diplomatic facilities and nationals in Iran and the wider region not to be targeted under any circumstances”. “I also urged the utmost restraint to avoid escalation. Iran’s nuclear program is a serious concern and must be resolved through negotiation,” Macron wrote on X.

“I therefore invited President [Masoud] Pezeshkian to return swiftly to the negotiating table to reach an agreement — the only viable path to de-escalation … We stand ready to contribute and to mobilise all our efforts to achieve that goal,” he added.

Vatican

Pope Leo XIV called on Israel and Iran to show responsibility and reason.

“The situation in Iran and Israel has seriously deteriorated at such a delicate moment. I wish to forcefully renew an appeal for responsibility and reason,” the pope said in a statement. “The commitment to build a safer world free from the nuclear threat must be pursued through a respectful meeting and sincere dialogue,” he said.

“No one should ever threaten the existence of the other,” he added.

Target has slashed its annual forecasts amid a pullback in discretionary spending due to tariff-driven uncertainty and a backlash against shifts in its diversity, equity and inclusion (DEI) policy.

The United States big box retailer, which reported its first-quarter earnings on Wednesday, relies on China for 30 percent of its store label goods. While it is on track to reduce its dependency by another 5 percent by the end of the year, tariff-driven uncertainty has caused a slump.

In its forecast, the Minneapolis, Minnesota-based retailer expects a low single-digit decline in annual sales. Wall Street analysts expected a marginal increase of 0.27 percent in annual sales, according to the LSEG. Target previously forecasted net sales growth of about 1 percent.

This comes as Bank of America recently forecasted that consumers have eased up on spending as the most recent report from The Conference Board showed a slowdown in consumer confidence, which hit a 13-year low in April. The US economy also showed the first contraction in three years in the first quarter.

Target’s first-quarter comparable sales fell 3.8 percent compared with analysts’ estimates of a 1.08 percent decline. It expects annual adjusted earnings of $7 to $9 per share, compared with its prior forecast of $8.80 to $9.80. Analysts were expecting $8.40.

“Expectations were very low for Target’s first quarter. Even against that, Target’s results came in light,” Michael Baker, a DA Davidson analyst, told the news agency Reuters. Target’s stock has performed poorly, down nearly 28 percent this year, in contrast to Walmart’s 9 percent gain and Home Depot’s 2.3 percent decline.

Target’s stock is tumbling on the news of its disappointing earnings report. As of 11am in New York (15:00 GMT), it was down 2.91 percent from the market open although it is up more than 1 percent over the past five days.

DEI boycotts weigh on sales 

Target also said its first-quarter performance was impacted by changes made to its DEI policies in January.

Target ended many of its DEI policies, drawing condemnation as some of its critics noted that its commitment to inclusiveness had helped attract younger, more diverse consumers. The decision generated more attention as it coincided with US President Donald Trump’s executive order to eliminate DEI policies in federal agencies and schools.

The backlash led to economic boycotts, notably from Reverend Jamal-Harrison Bryant, a Georgia pastor who organised a 40-day “fast” of Target stores. He has since called for those efforts to continue in recognition of the fifth anniversary of George Floyd’s murder by police in Minneapolis, Target’s headquarters.

CEO Brian Cornell said the reversal of some DEI policies played a role in first-quarter performance but he couldn’t quantify the impact.

Worse than competitors 

“Target’s [results] do nothing to restore confidence in the company. On the contrary, they are emblematic of a business that has made too many mistakes and has lost its way on several fronts,” GlobalData Managing Director Neil Saunders told Reuters, pointing to issues including poor inventory management and a lack of exciting merchandise.

Target’s forecast contrasts with its bigger rival Walmart, which maintained its annual forecasts last week but said it would need to pass on higher prices due to tariffs. That has drawn the ire of Trump, who said Walmart should “eat the tariffs” on imported goods instead of passing on the costs.

Unlike Walmart, which generates the bulk of its revenues by selling groceries like bananas, milk, toilet paper and shampoo, a majority of what Target sells falls in the nonessential category – largely apparel, home furnishings and beauty products, which it sources from China.

TJX, the parent company of retailer TJ Maxx, also reported its earnings on Wednesday, and while tariffs loom, the company is set to maintain its forecasts. The Massachusetts-based big box retailer expects comparable sales to grow 2 percent to 3 percent during the current quarter.

Unlike Target and Walmart, TJ Maxx, relies on expansive sourcing from middlemen in the US, which limits the impact of any new tariffs on China.

Looming price hike 

On a media call, Target executives declined to provide details on potential price increases due to tariffs. Most tariff-related increases could be offset, they said, but acknowledged that raising prices could be a “last resort”.

Cornell said pricing decisions will largely depend on ongoing efforts to source more products from the US and reduce reliance on China.

“That is going to play a very important role,” he said.

Rick Gomez, the company’s chief commercial officer, said Target is working on negotiating with suppliers, expanding sourcing to other Asian countries beyond China, re-evaluating its product assortment, and adjusting the timing and quantity of orders.

“These efforts are expected to offset the vast majority of the incremental tariff exposure,” Gomez said.