TODAY’S NEWS FLASH:
Political Landscape
No more sleepovers and late-night ice cream: Elon Musk prepares his White House exit
Elon Musk said Wednesday that he’s in the process of stepping back from his nearly 24/7 role with the Department of Government Efficiency to focus on his businesses.
Trump's national security adviser Mike Waltz and his deputy to leave posts in White House
National security adviser Mike Waltz and his deputy, Alex Wong, will be leaving their posts in the Trump White House, according to multiple sources familiar with their departure.
Global Impact
U.S. and Ukraine sign long-awaited minerals deal to rebuild Kyiv and repay aid
The White House said Wednesday night that it had signed an “economic partnership” with Ukraine that, after weeks of volatile negotiations, will give Washington access to some of the war-torn nation's critical minerals and natural resources.
Israel declares national emergency as wildfires force evacuations
Wildfires continued to threaten swaths of forest and fields in Israel on Thursday, though firefighters successfully reopened the main road linking the country’s two principal cities.
Economic Pulse
Continuing jobless claims reach highest level since November 2021, initial claims hit 2-month high
Weekly claims for unemployment benefits hit their highest level in two months during the final full week of April while the number of Americans filing for unemployment insurance on an ongoing basis reached the highest level since November 2021 as the US labor market continues to show signs of slowing.
U.S. economy shrank as consumers went on pre-tariff buying spree
The U.S. economy contracted 0.3% in the first quarter of 2025, the first negative reading since 2022, according to an initial measurement released Wednesday by the Commerce Department.
Quick Takes
Former Patriots coach Bill Belichick says his recent interview on "CBS Sunday Morning" created "a false narrative" about his relationship with his girlfriend, 24-year-old Jordon Hudson
Travis Kelce’s appearance has been the center of some hair-raising debate recently — so his barber is clearing the air.
Researchers have successfully launched a new satellite that is designed to study the planet's forests and "provide unprecedented insight" into how those regions impact the Earth's carbon cycle, the European Space Agency announced on Tuesday.
Singer Katy Perry has admitted feeling "battered and bruised" by the backlash following her recent space trip, but reassured fans she is OK and would "keep looking to the light".
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