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Former President Joe Biden early last year dismissed Special Counsel Robert Hur’s report that sparked additional concern about his mental acuity, just months after he was interviewed about his mishandling of classified documents.

Axios on Friday released audio from Biden’s October 2023 interviews with Hur. In the recordings, Biden seemed to struggle to remember when his son Beau died, when he left office as vice president, what year President Donald Trump was elected to his first term, or why he had classified documents that should not have been in his possession.

The recordings not only showed Biden’s memory lapses, but also slurring his words and muttering when speaking to Hur. Transcripts of the interviews — conducted on Oct. 8 and 9 of 2023 — were released on March 12, 2024.

In February 2024, Fox News White House correspondent Peter Doocy was the first to question Biden about Hur’s report on his mental fitness.

‘Something the special counsel said in his report is that one of the reasons you were not charged is because, in his description, you are a ‘well-meaning, elderly man with a poor memory,” Doocy said to Biden at a press conference on Feb. 8, 2024.

Biden responded: ‘I’m well-meaning and I’m an elderly man and I know what the hell I’m doing. I’ve been president and I put this country back on its feet. I don’t need his recommendation—’

Doocy then asked Biden how bad his memory was and if he could continue as president.

‘My memory is so bad I let you speak,’ Biden told him.

Hur, who was appointed by then-Attorney General Merrick Garland to investigate Biden’s handling of classified documents, said he declined to bring charges against him, in part, because a jury would find him to be a ‘sympathetic, well-meaning elderly man with a poor memory,’ despite the acknowledgment that the documents were ‘willfully’ obtained by Biden during his time as vice president and as a senator.

The special counsel’s report, in addition to gaffes seen during Biden’s public appearances, amplified pressure from Republicans who said he lacked the mental fitness needed to serve as president.

Democrats and Biden’s White House initially criticized Hur for his report, repeatedly insisting he was ‘sharp’ and that the special counsel was politically motivated.

Later in 2024, amid Biden’s re-election campaign, Democrats called on him to drop his candidacy over his performance in the June presidential debate against Trump, citing his age and mental acuity. Biden, now 82, ended his presidential campaign in July but finished his term, and his vice president, Kamala Harris, was defeated by Trump in November’s general election.

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Though new audio recordings released by Axios paint a picture of an elderly man suffering memory loss, rare exchanges showed glimpses into former President Joe Biden’s earlier days, and shed light on what could have led to Hur’s ‘sympathetic’ characterization and findings related to the investigation.

Biden reminisced during his interview with Special Counsel Robert Hur about a 2011 visit to Mangolia where he claimed to have ’embarrassed the hell out of the leader of Mongolia.’

‘I went to Mongolia and, and great pictures,’ Biden said. ‘They were showing — they were doing a what they would do at the time of the invasion of the Mongols into Europe in the 14 — in the 800s. And they — and then show what a normal day was, or how they, how they bivouac.’

He described being ‘out in the middle of nowhere’ and looking up on a hill, seeing a tiny line of a 20-mile horse race between kids under the age of 16 on bareback.

‘And you know, there are sumo wrestlers doin’ everything they do,’ Biden said lightheartedly.

He said the leaders walked over to a target with bales of hay a hundred yards away, where locals were practicing their aim.

‘I think — I don’t know if it was to embarrass me or to make a point, but I get handed the bow and arrow,’ Biden said. ‘I’m not a bad archer. But (indiscernible) where I can pull it back, so I — and pure luck, I hit the goddamn target.’

The people in the interview room burst into laughter, to which Biden assured them, ‘No, I really did.’

He went on to describe the scene — ’20 bales of hay with a big target in the middle of the bale of hay.’

‘And so I didn’t mean anything by it, I turned to the prime minister and handed it to him and the poor son-of-a-bitch couldn’t pull it back,’ Biden said.

The room roared with laughter once again.

‘I was like, ‘oh, God,’’ Biden said through the cackling.

Hur ultimately decided the former president should not be charged criminally for having classified Obama-era documents after leaving office, describing him as a ‘sympathetic, well-meaning, elderly man with a poor memory.’

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Leaked audio shared by Axios from President Joe Biden’s 2023 interview with Special Counsel Robert Hur has re-ignited serious questions about his mental sharpness, especially as he struggled to remember when his own son died and when Donald Trump was elected president.

In one moment, Biden tries to recall the death of his son, Beau: ‘My son. Is either been deployed or is dying. And so… What was happening though?’

‘What’s much about dying? May 30, 2015, he died,’ said Biden. ‘May 2015. I think it’s 2015. I’m not sure the months are, but I think that was it.’

Beau Biden passed away from brain cancer on May 30, 2015, at Walter Reed National Military Medical Center. He was 46.

In the audio, Biden also mixes up the year of Trump’s 2016 victory: ‘Trump gets elected in November of 2017. 2016. 2016. So… That’s when we left office, January of 2017. But that’s when Trump gets sworn in manually.’

The fumbling recollections are part of a six-hour interview that Hur used to support his conclusion that Biden’s memory was ‘significantly limited.’

The White House kept the audio under wraps at the time as critical moments in Biden’s own life and in recent American history appeared to be completely out of reach for the former president.

The conversation, part of a two-day interview in October 2023, led Hur to describe Biden as a ‘well-meaning elderly man with a poor memory.’

On Fox News’ The Ingraham Angle Friday night, host Laura Ingraham put it bluntly: ‘This is the biggest scandal that I remember in recent political history: that this man was allowed to continue as the commander in chief of the world’s greatest superpower.’

As Ingraham said later in the segment, ‘We still don’t really know who was making the tough calls. It obviously wasn’t the man we heard on that tape.’

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Former President Joe Biden joked that he was a ‘young man’ during an October 2023 interview with Special Counsel Robert Hur over his mishandling of classified documents, newly released audio shows.

Axios released audio on Friday from Biden’s interviews with Hur in which the then-president appeared to struggle to remember when his son Beau died, when he left office as vice president, what year President Donald Trump was elected to his first term or why he had classified documents that should not have been in his possession.

In addition to Biden’s memory lapses, the recordings showed him slurring his words and muttering when speaking to Hur.

Transcripts of the interviews — conducted on Oct. 8 and 9, 2023 — were released on March 12, 2024.

On the first day of the interview, Hur stressed the importance of answering truthfully and urged Biden to make his best effort to recall the events in question, which the prosecutor acknowledged happened years ago.

‘I’m a young man, so it’s not a problem,’ Biden, now 82, jokingly responded.

‘Okay, great. Glad to hear it,’ Hur replied. 

Hur, who was appointed by then-Attorney General Merrick Garland to investigate Biden’s handling of classified documents, said in his report, released on Feb. 5, 2024, that he declined to bring charges against the president, in part, because a jury would find him a ‘sympathetic, well-meaning elderly man with a poor memory.’ The report acknowledged that the documents were ‘willfully’ obtained by Biden during his time as vice president and as a senator.

‘I’m well-meaning and I’m an elderly man and I know what the hell I’m doing. I’ve been president, and I put this country back on its feet. I don’t need his recommendation,’ Biden said when questioned by Fox News White House correspondent Peter Doocy days after Hur released his report. 

The special counsel’s report, in addition to Biden’s gaffe-prone public appearances, amplified pressure from Republicans who said he lacked the mental fitness needed to serve as president.

Democrats and Biden’s White House initially criticized Hur for his report, insisting the then-president was ‘sharp’ and that the special counsel was politically motivated.

Later in 2024, during Biden’s re-election campaign, Democrats urged him to drop out of the race over his performance in the June presidential debate against Trump, citing his age and mental acuity. Biden formally dropped out of the presidential race in July and finished his term. His vice president, Kamala Harris, was defeated by Trump in November’s general election.

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Nvidia said it won’t be sending graphics processing unit plans to China following a report that the artificial intelligence chipmaker is working on a research and development center in Shanghai in light of recent U.S. export curbs.

“We are not sending any GPU designs to China to be modified to comply with export controls,” a spokesperson said in a statement to CNBC.

The Financial Times was the first to report the news, citing two sources familiar with the matter. CEO Jensen Huang discussed the potential new center with Shanghai’s mayor, Gong Zheng, during a visit last month, the FT reported.

The center will assess ways to meet U.S. restrictions while catering to the local market, although production and design will continue outside China, according to the report.

AI chipmakers such as Nvidia have been hit with major China roadblocks since 2022 as the U.S. began cracking down on sending advanced chips to China because of concerns of possible military use.

Last week, the Trump administration said it would replace restrictions put in place under President Joe Biden with a “much simpler rule that unleashes American innovation and ensures American AI dominance.” Nvidia said last month that it would take a $5.5 billion charge tied to selling its H20 GPUs in China and other countries.

Huang has previously commented on the significance of China, which is one of the company’s major market after the U.S., Singapore and Taiwan. He told CNBC this month that getting shut out of the world second-largest economy would be a “tremendous loss,” estimating that China’s AI market could hit $50 billion over the next two to three years.

“We just have to stay agile,” Huang told CNBC’s Jon Fortt, in an interview alongside ServiceNow CEO Bill McDermott. “Whatever the policies are of the government, whatever is in the best interest of our country, we’ll support,” he added.

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Reddit co-founder Alexis Ohanian has purchased a minority stake in Chelsea FC Women, giving him an ownership stake in two of the most-valuable teams in women’s sports.

The founder of venture capital firm Seven Seven Six and husband of tennis legend Serena Williams paid 20 million pounds for a 10% stake in the English soccer team, according to a person familiar with the deal. Ohanian is also a part owner in the National Women’s Soccer League’s Angel City FC alongside Disney CEO Bob Iger and his wife, Willow Bay.

Ohanian’s Chelsea deal values the women’s club at 200 million pounds, according to the person familiar, making it the most valuable women’s team in the world based on current foreign exchange rates. As part of the deal, Ohanian will be given a seat on the team’s board.

“I’ve bet big on women’s sports before — and I’m doing it again,” Ohanian said in a post on social media site X confirming the stake.

Chelsea FC Women have won six consecutive Women’s Super League titles. Ohanian says he see the opportunity to grow a worldwide brand within women’s football.

“I’m confident Chelsea FC Women is the next global women’s sports brand,” he said.

Ohanian told CNBC’s “Squawk Box” on Thursday that one of the things that drew him to Chelsea was the team’s large social media following. Chelsea FC Women have 4 million followers on Instagram.

“As a social media guy, I look for heat online in the free market of attention,” Ohanian said. “If this were any other type of brand, there is a lot of revenue opportunity there.”

Ohanian also said he believes in the business model and that women’s sports have been undervalued too long. He said brands are only now starting to wake up to that value.

“We will see billion-dollar clubs in women’s soccer one day in the not-too-distant future,” he predicted.

Ohanian left Reddit in 2020 to focus on building a legacy for his two young daughters through sports and other investments.

He said in 2024 he had invested $250,000 from his daughters trust fund into Angel City FC. Ohanian said the investment made them the youngest owners in professional sports and multi-millionaires.

Williams also recently became part owner of WNBA expansion team the Toronto Tempo, and Ohanian has started a women’s track competition.

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Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining.

The Mediterranean chain said its same-store sales grew 10.8% in the three months that ended April 20, lifted by traffic growth of 7.5%. Analysts surveyed by StreetAccount were projecting same-store sales growth of 10.3%.

“When we look at our consumers in the quarter, we saw an increase in premium attachment on higher priced items, like our pita chips or amazing housemade juices. We also saw that our per person average continued to increase, and then when we look at our results, there’s positive traffic across all of our geographies, across all of our income cohorts, as well as the different formats of our restaurants and dayparts,” Chief Financial Officer Tricia Tolivar told CNBC.

She added that diners have been trading up from fast food and down from casual-dining restaurants into Cava’s bowls and pitas, a trend the company has seen for several quarters.

Elsewhere in the restaurant industry, companies have been reporting very different behavior from consumers, although many companies’ results did not include any time in April, when the industry’s sales and traffic performance improved.

Fast-casual rival Chipotle said its transactions fell 2.3% in the first quarter as consumers pulled back their spending in February, spooked by economic uncertainty. Sweetgreen reported its first quarterly same-store sales decline since it went public in 2021. McDonald’s CEO Chris Kempczinski said fast-food industry data showed both low- and middle-income consumers spending less. The burger giant said U.S. same-store sales declined 3.6% for the first quarter.

Despite the strong quarterly performance, Cava reiterated its same-store sales forecast, sticking with its projections of a 6% to 8% increase. The chain said last quarter that it is expecting slower growth in the back half of its fiscal 2025.

The stock fell 5% in extended trading. As of Thursday’s close, Cava shares have slid 11% so far this year, hurt by investor concerns over its conservative outlook for the fiscal year and the economic fallout from the Trump administration’s tariffs.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

The company reported fiscal first-quarter net income of $25.71 million, or 22 cents per share, up from $13.99 million, or 12 cents per share, a year earlier. Cava reported an income tax benefit of $10.7 million related to stock-based compensation, which boosted its earnings this quarter.

Net sales climbed 28% to $332 million. On a 12-month trailing basis, Cava’s revenue has surpassed $1 billion, representing a major milestone for the company.

The company did raise some of its projections for the fiscal year.

Cava now anticipates adjusted earnings before interest, taxes, depreciation and amortization of $152 million to $159 million, up from its prior forecast of $150 million to $157 million. The company also plans to open between 64 and 68 new locations, higher than its previous outlook of between 62 and 66 restaurant openings.

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A controversial new American-backed organization, the Gaza Humanitarian Foundation (GHF), has announced it will begin delivering aid to the besieged territory within two weeks and says it has Israel’s approval.

The move would provide some relief for Gazans facing acute hunger from 19 months of war and a two-and-half month Israeli blockade of all food, water, medical and humanitarian supplies.

More than half of Gaza’s population faces “emergency” or “catastrophic” levels of hunger, according to a UN-backed panel considered an authority on the matter.

But the foundation has come under significant criticism from top humanitarian officials, who warn that it is insufficient, could endanger civilians and even encourage their forced displacement.

Here’s what we know about the new aid mechanism.

Why is Israel blocking food from entering Gaza?

Israel started a total blockade on Gaza on March 2, the day after the initial phase of a ceasefire with Hamas expired.

Officials said their goal was to force the group to accept new ceasefire terms and release hostages taken from Israel on October 7, 2023.

Israel and the United States have also accused Hamas of stealing aid intended for Gaza’s civilian population. Hamas has rejected those claims, and humanitarian aid organizations say the overwhelming majority of food aid reaches civilians in need.

Whatever the motivation, the impact is clear.

The hunger crisis long predates Israel’s total blockade. Since Hamas’ attack, Israel has severely restricted the amount of aid that can enter Gaza. And even before October 2023, Israel and Egypt had imposed a partial blockade on Gaza, meaning that 63% of the population was food insecure.

Now that figure is 100%, according to the World Food Programme (WFP). It says that 70,000 children need urgent treatment for “acute malnutrition.”

What is the Gaza Humanitarian Foundation?

It’s a non-profit set up at the urging of the American government to help alleviate hunger in Gaza, while complying with Israeli demands that the aid not reach Hamas.

The American ambassador to Israel, Mike Huckabee, laid out some of the goals for the organization in a press conference in Jerusalem last week.

It’s being led by Jake Wood, a US military veteran who founded and ran Team Rubicon, which has provided humanitarian relief during natural disasters.

“Aid diversion, active combat, and restricted access have prevented life-saving assistance from reaching the people it is meant to serve and eroded donor confidence,” the foundation said in a memorandum on its objectives. “GHF was established to restore that vital lifeline through an independent, rigorously-audited model that gets assistance directly – and only – to those in need.”

In its initial press releases, the GHF listed some heavy hitters that would sit on its board, lending it significant legitimacy: David Beasley, the former executive director of the WFP, and Nate Mook, the former head of World Central Kitchen.

How would it work?

The foundation says that it will set up “Secure Distribution Sites” to feed 1.2 million of Gaza’s estimated 2.1 million population – eventually ramping up, it hopes, to serve every Gazan.

It says that it will provide “pre-packaged rations, hygiene kits, and medical supplies.” It plans to move the aid through “tightly controlled corridors, monitored in real time to prevent diversion.”

It will accept both financial donations and “goods-in-kind,” meaning direct donations of food and other aid.

The group says that it will coordinate with the Israeli military, but that security will be provided by private military contractors, including an American firm that was on the ground during a ceasefire earlier this year.

The foundation said in a statement on Wednesday that it has called on Israel to authorize the entry of aid through existing mechanisms as a stop-gap measure until it is up and running. Israel has not yet publicly agreed.

Where would the Gaza Humanitarian Foundation get its food and money?

It’s unclear.

In its announcement this week, the GHF said that it was “in the final stages of procuring large volumes of food aid to supplement existing pledges from humanitarian organizations operating in Gaza.” It said that that would equate to more than 300 million meals.

It did not list the suppliers.

Huckabee told reporters last week that “there are some people who have already committed to helping fund” but that “they don’t want to be disclosed as of yet.”

What about the United Nations?

The UN has long carried the heaviest burden in feeding, education, and treating Palestinians in Gaza.

Israel has long had a contentious relationship with UNRWA, the UN agency for Palestinian refugees, but it was completely ruptured in the aftermath of October 7.

The Israeli government says that some UNRWA staff members participated in the October 7 attack on Israel; the agency fired most of those accused, but says that Israel never provided it with evidence against them.

That led Israel’s parliament to ban UNRWA from operating in Israel, making any UN-led humanitarian efforts extremely difficult.

But more importantly, the UN has said that it refuses to participate in the new American-backed Gaza aid initiative.

Why are the UN and humanitarian groups so critical of it?

The UN’s humanitarian chief called it a “cynical sideshow” at the UN Security Council this week.

The UN and other aid groups say that the way the GHF intends to work violates some basic humanitarian principles.

The fact that the initial sites would only be in southern and central Gaza could, the UN warned, be seen to be encouraging Israel’s publicly stated goal of forcing “the entire Gazan population” out of northern Gaza, as Defense Minister Israel Katz put it earlier this month. (The foundation says it has asked Israel to help up set up distribution points in the north.)

The UN says that the Israeli military’s involvement in securing the sites – even at a remove – could discourage participation, or lead to recipients facing reprisals. Private military contractors, the UN warns, could use force as a crowd control mechanism.

And crucially, it says that the initiative is simply insufficient. There are currently 400 distribution points in Gaza; this program would only have a handful, forcing people to “walk long distances carrying heavy rations.”

The US and the GHF have both been at pains to say that it is not an Israeli initiative – despite Israel’s support for it, and role in designating and securing the distribution sites.

“They will not be involved in the distribution of the food or even in the bringing of the food into Gaza,” Ambassador Huckabee said, referring to Israel. “Their role will remain on the perimeter.”

The UN’s humanitarian chief, Tom Fletcher, was scathing in his assessment to the UN Security Council this week.

“It restricts aid to only one part of Gaza, while leaving other dire needs unmet,” he said. “It makes aid conditional on political and military aims. It makes starvation a bargaining chip. It is cynical sideshow. A deliberate distraction. A fig leaf for further violence and displacement.”

Jeremy Diamond contributed to this report.

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US President Donald Trump said on Thursday that Washington is “very close” to reaching a nuclear deal with Iran after Tehran “sort of” agreed to its terms.

“Iran has sort of agreed to the terms: They’re not going to make, I call it, in a friendly way, nuclear dust. We’re not going to be making any nuclear dust in Iran,” he said.

Speaking at a business roundtable in the Qatari capital Doha, Trump reiterated that Iran “can’t have a nuclear weapon” and suggested that negotiators are “getting very close to maybe doing a deal.”

During his Gulf tour, Trump has repeatedly warned that Iran must never obtain a nuclear weapon, threatening to strike the country if it fails to reach a nuclear deal. But he has not explicitly ruled out Iran enriching uranium on its own soil. While uranium is used as a nuclear fuel, it can be weaponized if enriched to high levels.

Iran has said that its right to enrich uranium is non-negotiable, but the Trump administration has sent mixed signals on its position on the matter.

In an interview with Breitbart last week, US foreign envoy Steve Witkoff said that an enrichment program in Iran is a “red line” for the US. In an earlier interview with Fox News, he had suggested that Iran could be allowed to enrich uranium to low levels.

Several rounds of talks have taken place between the US and Iran, but the most recent one in the Omani capital Muscat last weekend was described by the Iranian foreign ministry spokesperson as “difficult.”

Global oil prices fell after Trump’s comments. The price of a barrel of Brent crude, the global oil benchmark, fell over 3% Thursday morning to $64 a barrel. West Texas Intermediate, the US oil benchmark, was trading down 3.5% to almost $61 a barrel around the same time.

‘We are going to protect this country’

It is unclear what Trump meant by “nuclear dust,” but Gulf states, including Qatar, are concerned that an attack on Iran’s nuclear facilities could cause an environmental catastrophe in the region and drag them into a wider regional war.

Speaking in Doha, Trump vowed to “protect” Qatar.

“For this country in particular, because you’re right next door, you’re a stone’s throw away, not even, right? You’re a foot away. You can walk right into Iran. Other countries are much further away, so probably it’s not quite the same level of danger, but we are going to protect this country, this very special place with a special royal family,” he said.

Iranian President Masoud Pezeshkian lambasted the threatening remarks by Trump.

The US president “is naive for thinking that he can come to our region, threaten us, and hope that we back down against his demands,” Pezeshkian told a group of academics during a gathering in Kermanshah Province on Wednesday, according to the Iranian media. “We will never negotiate our dignity. This is in the blood of every Iranian,”

“You have tried to bring Iran to its knees for the past 47 years. We have existed for thousands of years and will continue as one for the years to come,” he said.

On Wednesday, Trump repeated his threats, saying he doesn’t want nuclear talks in Iran to take a “violent course.”

“Two courses, there’s only two courses. There aren’t three or four or five, there’s two. There’s a friendly and a non-friendly, and non-friendly is a violent course, and I don’t want that. I’ll say it up front. I don’t want that, but they have to get moving,” the president said.

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The United States and United Arab Emirates will partner to build a massive data center complex in Abu Dhabi to advance artificial intelligence capabilities with 5-gigawatts of capacity — enough to power a major city.

The agreement, announced Thursday during US President Donald Trump’s visit to the UAE, will mark the largest data center deployment outside of the United States, according to the Commerce Department. It will begin with a 1-gigawatt AI data center, but will eventually span 10 square miles.

The project is also expected to expand the footprint of American AI and cloud companies in the Middle East, allowing them to better serve the global south.

No companies were named in the Commerce Department’s announcement, although Nvidia CEO Jensen Huang was spotted at one of Trump’s UAE meetings. Nvidia declined to comment.

Trump has been working to push AI investment, as the success of US tech companies are seen as key to retaining the US’s position as a global superpower.

“By extending the world’s leading American tech stack to an important strategic partner in the region, this agreement is a major milestone in achieving President Trump’s vision for US AI dominance,” Commerce Secretary Howard Lutnick said in a statement.

The UAE has also said it wants to become a global leader in artificial intelligence by 2031.

Ahead of Trump’s visit, UAE Minister of Education Sarah Al Amiri said the country is looking to diversify its economy, especially in the areas of AI and technology. Investments in AI infrastructure are seen as crucial to securing the region’s post-oil future.

The White House also announced on Thursday an agreement under which the UAE has committed to build or finance data centers in the United States that are “at least as large and as powerful” as those in the UAE.

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