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President Donald Trump said Thursday that the rare earth minerals deal he’s confident Ukrainian President Volodymyr Zelenskyy will sign during their Friday visit will pave the way for the U.S. to become a partner with Ukraine in developing resources like oil and gas. 

As part of negotiations to end the Russia-Ukraine War, the Trump administration is angling for Zelenskyy to sign an agreement that would allow the U.S. access to Ukraine’s minerals in exchange for support the U.S. has provided the country since Russia’s invasion in 2022. Congress has appropriated $175 billion since 2022 for aid to Ukraine, according to the Council on Foreign Relations. 

Trump described the agreement as a breakthrough deal that would reimburse U.S. taxpayers, and will help Ukraine rebuild in the aftermath of the conflict. 

As a result, Trump said the minerals agreement would benefit both the U.S. and Ukraine and would serve as the foundation for a more ‘sustainable’ future relationship between the two countries, while allowing the U.S. to access to resources like oil and gas that ‘we need for our country.’ 

‘We’re going to be signing really a very important agreement for both sides, because it’s really going to get us into that country,’ Trump told reporters Thursday while meeting with U.K. Prime Minister Keir Starmer. ‘We’ll have a lot of people working there and so, in that sense, it’s very good.’ 

Trump also told reporters that a peace negotiation was in the final stages but no deal was secured, and hesitated to discuss plans regarding a peacekeeping force in the region until one is signed. 

‘I think we’re very well advanced on a deal,’ Trump said. ‘But we have not made a deal yet. So I don’t like to talk about peacekeeping until we have a deal. I like to get things done.’

Additionally, Trump said he didn’t expect Russian President Vladimir Putin to breach any agreement to create peace with Ukraine. 

‘I don’t believe he’s going to violate his word,’ Trump said. ‘I don’t think he’ll be back when we make a deal. I think the deal is going to hold now.’

Trump also didn’t double down on previous comments calling Zelenskyy a ‘dictator,’ ahead of the Ukrainian leader’s visit to the White House on Friday. 

‘Did I say that?’ Trump asked. ‘I can’t believe I said that. Next question.’ 

The Trump administration has advanced negotiations for a peace deal to end the conflict in Ukraine, and U.S. officials met with Russian counterparts in Saudi Arabia on Feb. 18. However, Ukraine’s absence from the talks prompted Zelenskyy to tell reporters that ‘nobody decides anything behind our back.’ 

Trump and Zelenskyy proceeded to verbally dish out barbs at one another, with Zelenskyy accusing Trump of advancing Russian ‘disinformation’ and Trump labeling Zelenskyy a ‘dictator’ that has failed his country. 

‘A Dictator without Elections, Zelenskyy better move fast or he is not going to have a Country left,’ Trump wrote in a social media post Feb. 19. ‘In the meantime, we are successfully negotiating an end to the War with Russia, something all admit only ‘TRUMP,’ and the Trump Administration, can do.’ 

Russia has pushed for Ukraine to hold an election as part of a peace deal, nearly a year after Zelenskyy’s five-year term was slated to end. 

Zelenskyy has remained in his position leading Kyiv because the Ukrainian constitution prohibits holding elections under martial law. Ukraine has been under martial law since February 2022. 

 

Starmer, who announced on Feb. 16 the U.K. is ready to send troops to Ukraine if necessary to ensure peace between Ukraine and Russia, told reporters Thursday that the U.K. wants to coordinate with the U.S. on a peace negotiation ‘to make sure that peace deal is enduring, that it lasts, that it’s a deal that goes down as a historic deal, that nobody breaches.’ 

French President Emmanuel Macron expressed similar sentiments regarding working with the U.S. to secure lasting peace when he visited the White House Monday. However, he also advised the U.S. to exercise caution when dealing with Russia. 

‘We want peace,’ he said in an interview from the Blair House Monday on ‘Special Report.’ ‘And I think the initiative of President Trump is a very positive one. But my message was to say be careful because we need something substantial for Ukraine.’ 

‘I think the arrival of President Trump is a game-changer,’ Macron said. ‘And I think he has the deterrence capacity of the U.S. to reengage with Russia.’

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The National Academies of Sciences, Engineering, and Medicine has raked in hundreds of millions of dollars of taxpayer funds in recent years while doling out hefty salaries to its top brass and bankrolling a variety of left-wing initiatives. 

NASEM, which the New York Times reported in 2023 derives 70% of its budget from federal funds, received $200,616,000 in taxpayer funding from grants and contracts in 2023, according to its own Treasurer’s Report. 

That budget includes several salaries for top-level positions at NASEM that exceed $1 million per year, according to the organization’s 990 forms reviewed by Fox News Digital.

National Academy of Medicine President Victor Dzau receives a salary of $1,026,973 per year, National Academy of Engineering President John Anderson earns $1,027,185 per year, and National Academies President Marcia McNutt earns $1,061,843 each year.

Additionally, NASEM’s chief diversity and inclusion officer, Laura Castillo-Page, earned $333,788 in 2023.

NASEM has used its federal funding to promote a variety of liberal causes, including putting on events related to climate change, racism and ‘health equity.’

In 2021, NASEM helped put on an event that discussed how ‘environmental injustice’ and ‘structural racism’ exacerbate climate change for ‘communities of color.’ Attendees discussed ways to use ‘stories’ to influence elected officials on climate policy, including ‘the powerful indigenous voice about the existential threats that humanity faces.’  

A 2021 NASEM workshop examined how ‘spatial justice’ can exacerbate public health problems among ‘historically marginalized communities.’ 

NASEM organized an event a year later that examined how ‘structural racism’ and biased ‘social norms,’ including ‘representation in media and body image,’ contribute to obesity. 

NASEM issued a report in 2023 detailing recommendations for federal policies to improve ‘racial, ethnic, and tribal health equity’ and another report in 2023, titled Advancing Antiracism, Diversity, Equity, and Inclusion in STEMM Organizations, recommending ways to address widespread racial discrimination in science, engineering, and mathematics organizations in the U.S. 

In another report in 2022, NASEM outlined the need to define and incorporate ‘structural racism’ into scientific study and policymaking.  

2021 NASEM workshop examined ‘anti-Black racism’ in ‘Science, Engineering, and Mathematics.’

‘A planning committee of the National Academies of Sciences, Engineering, and Medicine will organize a virtual public workshop to explore facets of anti-Black racism in U.S. science, engineering, and medicine (SEM),’ NASEM wrote. ‘The workshop will review the discussions at recent workshops of the Roundtable on Black Men and Black Women, identify policies and practices that perpetuate racism in SEM, and lay a foundation of knowledge for others to move more effectively towards anti-racist outcomes.’ 

NASEM also held a workshop in 2022 called ‘The Roles of Trust and Health Literacy in Achieving Health Equity,’ where a speaker blamed non-diverse leadership of healthcare institutions for alienating minority patients. 

McNutt has also been critical of DOGE chief and X owner Elon Musk on social media and said last year, ‘This will be my last post on Twitter/X. I can no longer be part of a platform that actively encourages disinformation and amplifies misinformation, especially when its CEO colludes to undermine democracy.’

In a statement to Fox News Digital, a NASEM spokesperson said, ‘Each year, the National Academies of Sciences, Engineering, and Medicine conduct hundreds of studies, workshops, and other activities at the request of federal and state agencies, Congress, foundations, and private-sector sponsors on a variety of critical issues facing the nation.’

The spokesperson added that 58% of NASEM’s funding came from the government in 2024.

‘For decades, our work has advanced the American economy, strengthened our national security, bolstered U.S. global competitiveness, and improved our nation’s health and safety. We have taken measures to ensure that we are in compliance with executive orders, including closing our Office of Diversity and Inclusion. We stand ready, as we always have, to advise the new administration on its priorities.’

NASEM’s spending comes under the backdrop of the newly formed DOGE efforts by Musk and the Trump administration to rid the federal government of DEI and wasteful spending. 

Trump’s January executive order removing DEI from the federal government has already had an affect on NASEM and caused it to close its DEI program and remove DEI from its website, the New York Times reported.

It is unclear if DOGE’s efforts will continue to effect the day-to-day operations at NASEM.

Fox News Digital reached out to the White House for comment. 

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Director of National Intelligence Tulsi Gabbard said former President Joe Biden’s administration was aware of ‘very sexually explicit, highly inappropriate and unprofessional chatter’ happening on internal agency messaging boards across national intelligence entities for years, but they allowed it to go on. 

‘I’ve had whistleblowers come forward just in the last few days who work in the [National Security Agency] and who said, ‘Hey, we saw this, and we reported it through official channels under the Biden administration,’’ she told Fox News Digital in an interview at the White House on Wednesday, following President Donald Trump’s first Cabinet meeting.  

‘And essentially they were told this is no issue, step aside,’ Gabbard said. 

It all comes back to ‘the Biden administration’s obsession with’ diversity, equity and inclusion (DEI), according to the new Director of National Intelligence (DNI).

The chatrooms ‘were set up because of DEI policies,’ she said. 

Gabbard said the discussions had been going on for two years. 

Fox News Digital reached out to representatives for Biden and former DNI Avril Haines but did not immediately receive comment. 

‘They were shut down immediately after President Trump issued his executive order shutting down the DEI across the federal government,’ she noted. 

After discovering the chats, Gabbard directed the agencies under her to terminate those involved, which she said amounted to over 100 people. She further directed their security clearances to be revoked. 

The employees who were part of the chats ‘violated the trust that the American people placed in them to work in these highly sensitive jobs that are directly related to national security,’ she explained. 

As for DEI, Gabbard said, ‘We’re just scratching the surface here’ regarding how much money, time and resources have been spent on DEI in intelligence agencies. 

According to the director, ‘getting rid of the DEI center that was stood up under the Biden administration, we immediately saved taxpayers almost $20 million.’

An additional $3 to 4 million was saved by nixing the various DEI conferences that employees would travel to, she added. 

Gabbard joined billionaire and Department of Government Efficiency (DOGE) advisor Elon Musk, Trump, and other confirmed and unconfirmed Cabinet picks on Wednesday during a meeting she described as energetic. 

Gabbard explained that many of the Cabinet officials are friends with one another and that they’ve all been inspired by Trump and Musk’s quick and aggressive work with DOGE. 

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Andrea Lucas, the Trump administration’s acting chair of the Equal Employment Opportunity Commission (EEOC), blasted The Washington Post and reporter Jeff Stein for spreading ‘fake news’ about DOGE cutting 90% of the EEOC’s workforce.

Lucas explained that Stein, the chief economics reporter at The Washington Post, mixed up federal agencies that have nothing to do with each other.

The Post reported that ‘an office within the Labor Department that enforces equal employment opportunity laws’ is planning on reducing its workforce by 90%. The article went on to state that the Department of Labor plans to cut its Office of Federal Contract Compliance Programs (OFCCP) from more than 50 offices and nearly 500 employees to four offices and 50 employees.

Stein also posted on X that, among the ‘major changes’ planned by Elon Musk’s DOGE, the Labor Department was eying ‘gutting EEOC office by *90%*.’

After Lucas called out the error on X, Stein posted another message in which he said, ‘To clarify, the office I refer to above is an office within the Labor Department that enforces workers’ civil rights laws.’

Speaking with Fox News Digital, Lucas said the Post’s reporting ‘undermines’ the EEOC’s ability to enforce the law by misleading the public.

‘We pushed back with corrections … and WaPo [Washington Post] retweeted being like, ‘Oh, I was talking about the OFCCP,’ which is in fact what he should have been doing if he bothered to get us back straight,’ she said. ‘But the main message is that reporting is misleading.

‘The Department of Labor may be contemplating significant cuts to OFCCP. I don’t know. We’re totally separate from OFCCP.’

Lucas said any potential cuts by DOGE to the Labor Department and the OFCCP are ‘entirely distinct from the work that the EEOC does,’ which she explained is to ‘enforce Title VII, which explicitly creates the EEOC and gives us a specific mission to combat discrimination.’

Lucas said the EEOC is ‘fully operational and continues to be laser-focused on combating discrimination,’ which she said includes discrimination on behalf of diversity, equity and inclusion (DEI) interests.

Lucas said the EEOC is ‘fully comply[ing] with the president’s executive orders calling for evenhanded civil rights enforcement.’

After four years of the Biden administration using federal agencies to advance DEI, Lucas directed the EEOC to issue a warning to U.S. employers that the commission would be prioritizing the enforcement of legal and financial consequences for ‘anti-American bias’ against workers during hiring.

‘Discriminatory employers should be aware the EEOC is not asleep,’ she said. ‘This kind of fake news really can muddy the water and make it unclear to workers that this government watchdog remains active and ready to defend them against unlawful discrimination, including DEI-related discrimination.’

On DOGE, Lucas said, ‘I fully support the president’s mission and DOGE’s mission to ensure government efficiency.’

But she remains confident the EEOC is here to stay.

‘We’re working really hard to make sure that we have the most productive workforce possible, and we’re looking to make the agency a really evenhanded and efficient workforce,’ Lucas said. ‘But I’m confident that we have an important role to play because our jurisdiction and mission are directly related to the civil rights executive orders. 

‘So, we’re a law enforcement agency, and we’re here to execute on those and enforce the law.’

The Washington Post did not respond to Fox News Digital’s request for comment by time of publication.

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President Donald Trump was asked several times on Thursday about comments he made last week, when he called Ukrainian President Volodymyr Zelenskyy a ‘dictator,’ though he oftentimes either ignored the question or could not remember making the statement.

Trump met with U.K. Prime Minister Keir Starmer at the White House on Thursday, when the two leaders addressed peace talks between Ukraine and Russia.

The president told reporters he has had back-to-back ‘very successful’ calls with Russian President Vladimir Putin, as well as with Zelenskyy, with hopes of bringing the war between Ukraine and Russia to an end.

‘I think we’ve made a lot of progress, and I think it’s moving along pretty rapidly,’ Trump said. ‘[Friday], the progress toward peace will continue when President Zelenskyy visits the White House. He’ll be here tomorrow in the early part of the day, and we’ll be signing a historic agreement that will make the United States a major partner in developing Ukraine’s minerals and rare earths, oils and gases.’

The president and Zelenskyy will meet at the White House around 11 a.m. Friday, and Trump said the rare earth minerals agreement will provide the basis for a sustainable future between the two countries.

With Zelenskyy’s visit quickly approaching, reporters asked Trump on Thursday if he had plans to apologize to the Ukrainian president for calling him a dictator.

Earlier this month, Trump blasted Zelenskyy as a ‘dictator without elections’ after the U.S. left Ukraine out of its initial peace talks with Russia.

‘A Dictator without Elections, Zelenskyy better move fast or he is not going to have a Country left,’ Trump wrote on Truth Social at the time. ‘In the meantime, we are successfully negotiating an end to the War with Russia, something all admit only ‘TRUMP,’ and the Trump Administration, can do. Biden never tried, Europe has failed to bring Peace, and Zelenskyy probably wants to keep the ‘gravy train’ going.’

When Trump greeted Starmer at the White House on Thursday, one reporter asked the two leaders about having common ground, with Trump describing Zelenskyy as a dictator and Starmer describing Putin as a dictator.

After dodging the question, another reporter asked Trump if he still believed Zelenskyy was a dictator.

‘Did I say that?’ Trump asked. ‘I can’t believe I said that. Next question.’

After the two leaders met in the Oval Office, they faced reporters once again, and a reporter asked Trump if he would take the opportunity to apologize to Zelenskyy for calling him a dictator while praising Putin, who is a dictator.

Rather than address calling Zelenskyy a dictator, Trump spoke about the upcoming meeting with the Ukrainian president, saying, ‘I think we’re going to have a very good meeting tomorrow. … We’re going to get along really well.’

While Ukraine and Russia were a big topic during Trump and Starmer’s meeting, so were tariffs. One reporter asked Trump if Starmer had persuaded him not to impose tariffs on the U.K.

Trump said Starmer tried hard to convince him not to impose the tariffs.

‘I think there’s a very good chance that, in the case of these two great friendly countries, I think we could very well end up with a real trade deal where the tariffs wouldn’t be necessary,’ Trump said. ‘We’ll see.’

While the U.S. and U.K. started with a rocky relationship in colonial days, it has flourished into one that both leaders agree is special and will remain strong.

In fact, Trump was handed a letter from King Charles through Starmer, inviting the president and first lady for a state visit.

‘It was my privilege and honor to bring a letter with me today from His Majesty the King, not only sending his best wishes but also inviting the president and the first lady to make a state visit to the United Kingdom, an unprecedented second state visit,’ Starmer said, noting this has never happened before. ‘It’s so incredible. It will be historic, and I’m delighted that I can go back to His Majesty the King and tell him that President Trump has accepted the invitation.’

Immediately following Starmer’s announcement, Trump thanked the prime minister and offered a compliment.

‘What a beautiful accent,’ the president said. ‘I would have been president 20 years ago if I had that accent.’

Fox News Digital’s Danielle Wallace contributed to this report.

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Sen. Alex Padilla, D-Cali., is demanding that Elon Musk and Acting Director of the Office of Personnel Management (OPM) Charles Ezell stop sending mass emails to staffers. 

In an open letter published Thursday, Padilla said several legislative branch offices and agencies have received mass emails from hr@opm.gov despite not being subject to personnel actions by the executive branch. 

‘Neither the White House nor [the Department of Government Efficiency] nor OPM have any authority or legitimate purpose to mass email legislative branch offices and agencies demanding information from employees or to threaten adverse personnel actions,’ Padilla said. 

Over the weekend, the OPM sent out mass emails to federal government workers, asking them to summarize what they did over the prior week using five bullet points. They had until 11:59 p.m. on Monday to provide their responses to the inquiry. 

Padilla said these emails, received by legislative staffers, wasted ‘time and resources and potentially [mislead] employees into responding and sharing legislative branch information in an unauthorized manner.’ 

Padilla added that the emails were ‘especially concerning’ since several executive branch agencies have ‘even warned their own employees not to respond to these messages because doing so would risk sensitive information falling into the hands of malign foreign actors.’ 

‘The fact that these mass emails are also going beyond the scope of the executive branch is yet another sign of how DOGE is operating in an uninformed, poorly executed, and chaotic manner,’ Padilla said.

The Democratic lawmaker ended his letter requesting that DOGE and OPM confirm they have taken steps ‘to ensure that they will cease directly any further mass email communications at legislative branch offices and agencies and their employees.’ 

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Ukrainian President Volodymyr Zelenskyy on Friday is set to meet with President Donald Trump for the first time since he re-entered the White House to sign what could be a key minerals deal to help end Russia’s war. 

Though some details of the agreement have emerged since the meeting was announced this week, the exact terms remain unclear, and European leaders, including Russian President Vladimir Putin, are waiting to see what could come out of this agreement, particularly when it comes to security demands.

Trump on Wednesday told reporters that Zelenskyy could ‘forget about’ any ambitions to join NATO, but the Ukrainian president also said that day that he needs security guarantees, otherwise ‘we won’t have a ceasefire, nothing will work, nothing.’

‘I want to find a NATO path or something similar,’ Zelenskyy said.

Ukrainian leadership has long sought NATO membership, and in 2008 at the Bucharest Summit the alliance agreed Ukraine would eventually become a member of NATO, a defense partnership Zelenskyy has since argued is the best defense against a future Russian invasion.

Trump told reporters that by entering into a minerals deal with Washington, Kyiv will be granted ‘automatic security’ guarantees by the mere presence of American extractors on Ukrainian soil.

‘Nobody’s going to be messing around with our people when we’re there,’ Trump said. ‘We’ll be there in that way.’

But it remains unclear if this ‘guarantee’ will be enough to comfort Zelenskyy, and according to former CIA Moscow Station Chief Dan Hoffman, there are too many outstanding factors to determine whether Putin would be deterred, including Kyiv’s rearmament capabilities and whether NATO nations would agree to send in troops to Ukraine. 

‘As far as deterring Putin from attacking again [and] as far as Ukraine’s relationship with the United States, especially with this administration, you want the U.S. to have economic skin in the game,’ Hoffman said. ‘That’s how you walk down that path of closer bilateral relationship, and one where it’s certainly in our interest … for [Ukraine] to be an independent, sovereign nation.’

Trump said on Wednesday that European allies, including the U.K. and France, will be watching U.S. negotiations with Ukraine and Russia ‘very closely.’

‘They volunteered to put so-called peacekeepers on the site. And I think that’s a good thing,’ he added.

In response to questions by Fox News Digital over the European Union’s position on a U.S.-Ukraine minerals deal, top diplomat for the EU, Kaja Kallas, said the agreement could prove positive for Kyiv so long as it puts Ukraine in a position of strength when it comes to countering Russia at the negotiating table.

‘[The] U.S. also has a very clear self-interest in play, and that hopefully makes U.S. support Ukraine more, because economic ties are making this stronger,’ she said. ‘And then it all works.’

‘Right now, it is a very important message that we send that we are behind Ukraine, to make them strong enough to be able to say no to a bad deal,’ she added. 

But it’s not just European allies watching the dealings unfold; Putin is also keeping a close eye on a U.S.-Ukraine minerals deal.

Putin’s representatives reportedly proposed a similar deal to the Trump administration while meeting in Saudi Arabia last week, and they said a deal could be brokered to give the U.S. access to minerals in Ukrainian regions now occupied by invading Russian forces, including Donetsk and Zaporizhzhia.

The Trump administration has reportedly not ruled out an economic deal with Moscow. 

Hoffman said it is in Zelenskyy’s strategic interest to make a deal with Trump, as it would hamper Putin’s strategic goals. 

‘[Putin] doesn’t want Ukraine to have commercial relationships with Europe and the United States,’ he said. ‘That was part of why he wanted to topple the central government in Kyiv and then install a puppet regime that was beholden to Russia.

‘The more links Ukraine has to the West … commercial links, diplomatic and strategic military links … it’s not good for Putin,’ Hoffman added.

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European leaders are weary of President Donald Trump’s push to secure a peace deal between Ukraine and Russia, with the European Union’s top diplomat saying that Russian President Vladimir Putin ‘doesn’t really want peace.’

Trump on Thursday said his administration had been in ‘very good talks with Russia,’ though he did not expand on whether any tangible progress in ending Russia’s war in Ukraine had begun.

Some NATO allies, as well as the U.S.’s decades-old partners, are increasingly frustrated with President Trump’s controversial comments about Ukraine in what has been perceived as a cost of Washington bettering ties with Moscow.

‘[The] U.S. is talking to Russia, and you have to establish contacts,’ EU High Representative for Foreign Affairs and Security Policy Kaja Kallas told Fox News Digital in a sit-down interview. ‘But right now, Russia doesn’t really want peace. 

‘[Russia] … wants us to think that they can wait us out and that time is on their side, but it’s not really so,’ she continued. ‘If we increase the pressure, economic pressure on them, but also political pressure, if we support Ukraine so that they would be stronger on the battlefield, then they would also be stronger behind the negotiation table.’

The warning comes as Trump and Ukrainian President Volodymyr Zelenskyy are set to secure a minerals deal on Friday in what some hope could eventually help ceasefire discussions.

Trump has championed his ability to re-enter talks with Russia and his successful demands that NATO nations share more of the economic burden in securing Ukraine. 

NATO allies did drastically ramp up their defense spending after Russia’s invasion of Ukraine in 2022, but the stark reversal of U.S. policy in Ukraine between the Trump and Biden administrations has sent some European nations reeling.

While some allies, like the U.K., are looking to prove to Trump that Washington and London have more shared values than not, other leaders, like the incoming chancellor of Germany, are looking to distance themselves from the U.S., a position Berlin has not taken since the fall of Nazi Germany at the end of World War II.

Kallas, in speaking with Fox News Digital, also looked to remind the Trump administration of the important value of the NATO alliance and emphasized the only time Article 5 has been called in the 76 years since the alliance was formed was after the 9/11 attacks on the U.S.

‘In terms of … international security, we need to work together with the Americans, who have been our allies for a very, very long time,’ she said. ‘And we have been there for America.’

Kallas, who served as the first female prime minister of Estonia, pointed to the sacrifices that NATO troops made in aiding the U.S. fight in the War on Terror.

‘We, as Estonia, lost as many soldiers per capita as the United States,’ she said. ‘We were there for you when you asked for help. 

‘That’s why it’s painful to hear messages that, you know, we don’t care about our European allies. It should work both ways,’ Kallas added. 

The EU chief diplomat has repeatedly urged the U.S. and European nations not to let Putin succeed in dividing the West over Ukraine. 

Ultimately, she argued that the U.S. needs to remain a steadfast partner with Europe in deterring Russian aggression because it is not only Putin that poses an active threat to the collective alliance.

Kallas visited Washington this week to meet with Secretary of State Marco Rubio and lawmakers about vital issues that affect the EU-U.S. security partnership, though her meeting with Rubio was canceled.

The State Department did not confirm why the meeting was canceled without being rescheduled during her stay in Washington, though Kallas said that after positive discussions with Rubio at the Munich Security Conference earlier this month, she if confident communication will remain ongoing.

‘There’s a lot to discuss, from Ukraine to the Middle East, also what is happening in Africa, Iran – where we have definitely mutual interest to cooperate – and not to mention China as well,’ Kallas said.  ‘There are a lot of topics that we can do [work] together with our transatlantic partners.’

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Elon Musk’s status as the world’s wealthiest person is in no danger of changing.

But since mid-December, the tech titan’s net worth has declined by more than $100 billion, or approximately 25%, as a sell-off in shares of Tesla, his electric car maker, has accelerated in recent weeks.

On Tuesday, the stock closed down another 8% to $302.80 and is off 25% year to date. The latest drawdown comes as new data showed new Tesla vehicle registrations plummeting in Europe, down 45% year-on-year for January, even as overall sales growth of electric-battery vehicles on the continent climbed. Sales in China also recently came in trending down.

Some reports have suggested European buyers are revolting against Musk’s active role in the Trump administration, which is effectively resetting longstanding European relations.

Investors may also simply be locking in the extraordinary gains of the past year or so: Even with the recent drop-off, the stock is still up 52% over the past 12 months.

On Tuesday, Gary Black, managing partner at The Future Fund investment group, said Tesla shares could fall even further this year given an apparent revision in recent Tesla corporate management guidance about deliveries in 2025.

Musk has assumed an unprecedented — and highly controversial — role in American society with his alliance with President Donald Trump and his ostensible leadership of the Trump administration’s Department of Government Efficiency. Musk also leads SpaceX; the social media platform X; the xAI artificial intelligence company; and Neuralink, a company that is exploring brain-chip implants.

Yet Tesla investors have grown accustomed to Musk’s multiple responsibilities — and indeed, continue to value Tesla stock highly because they see Musk as a uniquely capable figure.

To that point, some investors say Tesla’s recent stock reversal may not endure in the long term. The company is expected to deploy a robo-taxi service later this year, and continues to roll out new models to adapt to shifting driver preferences. It is also unveiling its full-self-driving technology in China.

“Tesla’s superior products, new more affordable vehicle, which I believe will be a new form factor and expand Tesla’s total addressable market, and the promise of unsupervised autonomy will sell more Teslas,” Black wrote on X over the weekend.

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Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this year to 20,000 units.

Lucid said Marc Winterhoff, currently the company’s chief operating officer, will step in as interim CEO. Rawlinson will serve as a “strategic technical advisor to the chairman of the board, stepping aside from his prior roles,” the company said.

“I am incredibly proud of the accomplishments the Lucid team have achieved together through my tenure of these past twelve years,” Rawlinson said in a statement. 

Rawlinson’s departure is unexpected. As one of the company’s largest shareholders, Rawlinson, who also served as chief technology officer, has routinely touted his passion and stake in the automaker.

Lucid’s board has initiated a search to identify a new CEO, the company said.

The CEO change and production target were announced in conjunction with the automaker’s fourth-quarter financial results. For the period ended Dec. 31, the company reported a net loss attributable to common stockholders of $636.9 million, or a loss of 22 cents per share, on revenue of $234.5 million.

Analysts surveyed by LSEG expected a loss of 25 cents per share on revenue of $214 million.

During the same period last year, Lucid reported a net loss attributable to common stockholders of $653.8 million, or a loss of 29 cents per share, on revenue of $157.2 million.

The production target for 2025 announced Tuesday is compared with production of 9,029 vehicles and deliveries of 10,241 reported for 2024.

Shares of Lucid were about 10% higher during afterhours trading Tuesday.

As of market close, shares of the company were down about 13% this year amid slower-than-expected adoption of all-electric vehicles and uncertainty about federal support for EVs under the Trump administration. The stock declined by roughly 28% last year.

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