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A federal judge in Washington, D.C., on Friday grilled lawyers for the Justice Department and Lisa Cook over President Donald Trump’s historic attempt to fire her from the Federal Reserve.

The landmark case is almost certain to be kicked to the Supreme Court for review. Despite the high-stakes nature of the legal dispute, Friday’s hearing ended after more than two hours without clear resolution. 

U.S. District Judge Jia Cobb, a Biden appointee, declined to immediately grant the temporary restraining order sought by Lisa Cook’s attorneys, which would keep her in her role on the Fed’s Board of Governors for now. 

Cook’s lawyers included the request for the temporary restraining order in the lawsuit filed in federal court on Thursday, challenging Trump’s attempt to fire her from her position on the independent board due to allegations of mortgage fraud. 

Instead, Judge Cobb ordered both parties to submit any supplemental briefs to the court by Tuesday, shortly before she dismissed the lawyers for the long weekend.

Cobb noted the novelty of the case before her, which involves the first attempt by a sitting president to oust a Federal Reserve governor ‘for cause.’ 

The fraud allegations were first leveled by Bill Pulte, a Trump appointee to the federal agency that regulates Fannie Mae and Freddie Mac. He accused Cook of claiming two primary residences in two separate states in 2021, with the goal of obtaining more favorable loan conditions. 

Trump followed up by posting a letter on Truth Social earlier this week that he had determined ‘sufficient cause’ to fire Cook, a dismissal he said was ‘effective immediately,’ prompting her attorneys to file the emergency lawsuit.

The crux of Friday’s arguments centered on the definition of what ‘for cause’ provisions must entail for removal from the board under the Federal Reserve Act, or FRA, a law designed to shield members from the political whims of the commander in chief or members of Congress. 

The arguments also centered on Cook’s claims in her lawsuit that Trump’s attempt to fire her amounts to an illegal effort to remove her from the Fed well before her tenure is slated to end in January 2038 to install his own nominee. 

Lawyers for Cook argued that her firing was merely a ‘pretext’ for Trump to secure a majority on the Fed board, a contention that Cobb admitted made her ‘uncomfortable.’

They also attempted to poke holes in the mortgage fraud allegations, which they said were made on social media and ‘backfilled.’

The case ‘obviously raises important questions’ about the Federal Reserve Board, Cobb said shortly before adjourning court.

She also noted that she had not yet made a determination about the alleged ‘irreparable harm,’ prompting her to set the Tuesday filing deadline.

Cook’s attorneys argued Friday that Trump’s attempt to fire her violates her due process rights under the Fifth Amendment, as well as her statutory right to notice and a hearing under the Federal Reserve Act. 

Her lawyer, Abbe Lowell, noted on several occasions that there was no ‘investigation or charge’ from the administration prior to Trump’s abrupt announcement that he would fire Cook.  

Lowell also vehemently disputed the Justice Department’s allegations that Cook had an ‘opportunity’ to respond to the mortgage fraud accusations leveled by Bill Pulte, noting that they were made just 30 minutes before Trump called for Cook to be removed.  

He told Cobb that it was the latest attempt by the Trump administration to ‘litigate by tweet.’

Lawyers for the Trump administration, for their part, argued that the president has broad latitude to determine the ‘for cause’ provision.

Justice Department attorney Yakoov Roth told Cobb that the determination of when to invoke the provision should be left to the president, regardless of whether it is viewed by others as ‘pretextual.’

‘That sounds to me like the epitome of a discretionary determination, and that is when the president’s power is at [its] apex,’ Roth said.

DOJ lawyers also noted that Cook, to date, has not disputed any of the allegations in question and argued there is ‘nothing she has said’ about the allegations that would cause her to not be fired.

‘What if the stated cause is demonstrably false?’  Cobb asked, going on to cite hypothetical concerns that a president could, theoretically, use allegations to stack federal boards with majorities.

As for the issue of ‘irreparable harm,’ Justice Department attorneys argued that it would be more harmful for Cook to remain in office, arguing that the ‘harm of having someone in office who is wrongfully there … outweighs the harm of someone being wrongfully removed from office.’

Cook’s attorneys said Friday that in reviewing the lawsuit, the court need not itself establish a definition of what ’cause’ means under the Federal Reserve Act.

Instead, Lowell suggested, the court should instead work backwards to determine whether the accusations leveled by Pulte were in fact ‘backfilled’ by Trump to form the basis of her removal.  

‘It’s very difficult to come up with an 11-page definition of what it is,’ Lowell said Friday of the ’cause’ definition, adding that it is far easier to come up with a one-page definition of ‘what it’s not.’ 

‘Whatever it is, it’s not this,’ Lowell said.

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The gold price was on the rise this week, breaking through US$3,400 per ounce once again.

It’s been pushed higher by US dollar weakness, as well as Federal Reserve turmoil.

President Donald Trump has been pressuring Fed Chair Jerome Powell to cut interest rates for months, and on Monday (August 25) the situation developed further when Trump posted a letter on his social media platform Truth Social. In it, he said he was removing Lisa Cook from her position on the central bank’s board of governors due to allegations of mortgage fraud.

Cook, who has been voting to hold rates steady, was due to serve until 2038; she has now filed a lawsuit asking for Trump’s order to be declared ‘unlawful and void.’

The move has spurred questions about whether Trump can actually fire her — while the Federal Reserve Act doesn’t allow him to remove Fed officials at will, he can do so ‘for cause.’

For its part, the Fed has said it will abide by any court decision.

The situation is still developing, and gold market watchers are keeping a close eye on how it plays out. The yellow metal tends to fare better when interest rates are low, and some experts believe that a rate cut from the Fed could kick off its next move higher

The Fed’s next meeting is scheduled to run from September 16 to 17. Expectations are high that it will cut rates at that time, even though the latest data shows that its preferred measure of inflation, the personal consumption expenditures (PCE) price index, was up 2.6 percent year-on-year in July.

Core PCE, which excludes food and energy, saw a rise of 2.9 percent.

Bullet briefing — US drafts new critical minerals list, uranium miners make cuts

US drafts new critical minerals list

The US Department of the Interior has released a new draft critical minerals list, and the recommended additions include silver, as well as potash, silicon, copper, rhenium and lead.

Silver’s potential inclusion is turning heads in the mining community as market participants assess the potential impact for the metal. The critical minerals list is designed to guide federal strategy, investment and permitting deals as the US works to lock down supply of key commodities, meaning that silver-focused companies could see benefits such as tax breaks and faster timelines.

In total, the draft list has 54 minerals, with 50 included based on results from an economic effects assessment. Three were selected on the back of a qualitative evaluation, and zirconium is there because of the potential for a single point of failure in the US supply chain.

The list was set up after a 2017 executive order from Trump and is updated every three years.

It’s worth noting that silver and the other recommended additions aren’t officially critical minerals yet — the draft critical minerals list was posted for public comment on Tuesday (August 26), and feedback will be accepted for 30 days. It’s also worth noting that two commodities may be stripped of their critical mineral status — arsenic and tellurium have been recommended for removal.

Critical minerals lists vary from country to country based on individual needs, although in many cases they have similarities. In January 2024, a group of silver industry participants, including many major miners, sent a letter to Canada’s energy and natural resources minister proposing that silver be included in the nation’s critical minerals list; to date, it has not been added.

Uranium miners cut production guidance

Sweden’s government has proposed the removal of the country’s ban on uranium mining as it looks to reduce its reliance on imports of the energy fuel.

Uranium mining has been banned in Sweden since 2018, but the country has six operating reactors and generates around one-third of its power from nuclear energy.

The ban is set to be removed on January 1, 2026, and comes as nations increasingly look to nuclear power to fill their energy needs. It also comes amid supply questions — although demand is rising and prices are out of a years-long slump, miners have been slow to ramp back up post-Fukushima.

Just last week, Kazatomprom said it was lowering its 2026 production target compared to earlier estimates, cutting about 8 million pounds. Although the company sees stability in long-term uranium prices and strong sector fundamentals, it isn’t prepared to return to 100 percent levels.

Cameco (TSX:CCO,NYSE:CCJ) made a similar statement this week, saying its 2025 output will be impacted by delays in transitioning the Saskatchewan-based McArthur River mine to new mining areas. Production will be 4 million to 5 million pounds lower, although there is a chance for Cigar Lake to partially offset that loss.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

House investigators’ plan to grill former FBI Director Robert Mueller has hit a snag. 

The House Oversight Committee was set to have Mueller appear before the panel on Tuesday as part of the House’s probe into Jeffrey Epstein. However, a source familiar with the investigation told Fox News Digital that lawmakers ‘learned that Mr. Mueller has health issues that preclude him from being able to testify.’ 

‘The committee intends to withdraw its subpoena,’ the source said. 

Mueller was one of many notable figures, including the Clintons, who House Oversight Committee Chair James Comer, R-Ky., subpoenaed to testify before the panel. 

He would have been the second witness appearing in-person before the House Oversight Committee after former Attorney General Bill Barr did so last month.

His closed-door deposition was expected to see at least some lawmakers on both sides attend, with the investigation so far seeing wide bipartisan support in an otherwise highly divided era for Congress.

Mueller was most recently in the headlines for his role as special counsel investigating whether Russia interfered in the 2016 election in favor of President Donald Trump.

That probe, which did not find Trump to have committed any wrongdoing, saw 34 people indicted and eight convictions or guilty pleas, including several people associated with the president.

House investigators were expected to dive into Mueller’s time as director of the FBI. He led the bureau under former Presidents George W. Bush and Barack Obama, from September 2001 until September 2013.

It was during that window that the federal government first investigated Epstein, something Comer pointed out in his letter subpoenaing Mueller.

‘When you were FBI Director, an FBI investigation of Mr. Epstein led to an Assistant U.S. Attorney in the Southern District of Florida preparing a draft 60-count indictment of Mr. Epstein in 2007,’ Comer wrote.

‘However, the next year, Mr. Epstein pled guilty in Florida state court to two prostitution offenses, and, in exchange, he and his co-conspirators received immunity from federal prosecution through a non-prosecution agreement.’

That non-prosecution agreement has been widely criticized and is now the basis for Epstein accomplice Ghislaine Maxwell to appeal her conviction and 20-year prison sentence before the Supreme Court.

It’s not clear how much of a role Mueller would have had in that agreement. Alexander Acosta, the former Trump labor secretary and U.S. attorney in Florida who signed off on the deal, is sitting down with the House Oversight Committee for a voluntary transcribed interview later this month.

Comer sent out a flurry of subpoenas last month in relation to the Epstein probe. 

Other figures also compelled to appear after Mueller are former FBI Director James Comey, former Attorney General Loretta Lynch and ex-first couple Bill and Hillary Clinton.

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Russia isn’t backing off from attacking Ukraine and pummeled it with missiles and drones Thursday — just weeks after President Donald Trump met with Russian President Vladimir Putin in Anchorage, Alaska, in an attempt to advance a peace deal. 

The attack could be a signal Putin is utilizing diplomacy to buy himself more time to advance his goals and continue to attack Ukraine, all while avoiding secondary sanctions that the Trump administration has threatened to impose, according to experts. 

The time to act is now, according to Rep. Don Bacon, R-Neb., chairman of the House Armed Services Committee’s subcommittee on cyber issues.  

‘Putin is stringing President Trump along and the added time is helping Russia to continue the bombing campaign against Ukrainian cities,’ Bacon said in a Friday statement to Fox News Digital. ‘The longer Trump refuses to impose secondary sanctions against Russia and send high-end weapons to Ukraine, the more he looks like a simp for Putin. It is beyond time for Trump to have moral clarity and come in strong to help the democracy that is being attacked by the Russian thug.’ 

Bacon, a retired Air Force brigadier general who is not seeking reelection in 2026, said that discussions with Putin have proven futile and have indicated Putin isn’t serious about a deal. 

‘We’ve seen zero results from the talks as far as Putin being willing to compromise,’ Bacon said. ‘Although I think seeking negotiations was worthwhile initially, it showed Putin does not want peace.’ 

The White House has maintained that Trump has made more progress in two weeks to resolve the conflict than his predecessor, former President Joe Biden, did in more than three years, and pointed to Trump’s meeting with Putin and Ukrainian President Volodymyr Zelenskyy within days of each other.  

‘President Trump’s national security team continue to engage with Russian and Ukrainian officials toward a bilateral meeting to stop the killing and end the war,’ White House spokesperson Anna Kelly said in a Friday statement to Fox News Digital. 

Trump announced July 14 that he would sign off on ‘severe tariffs’ against Russia if Moscow failed to agree to a peace deal within 50 days. He then dramatically reduced the deadline to only 10–12 days — which ended Aug. 8. But rather than lay on additional sanctions against Russia, Trump met with Putin a week later in Alaska and hailed the meeting a great success. 

Still, progress stemming from the meeting appears limited. Russia did not agree to a ceasefire, and while Trump initially said a trilateral meeting with both Putin and Zelenskyy was in the works, Russia has shown disinterest in such a meeting. 

Russian Foreign Minister Sergey Lavrov said in an interview with NBC News Aug. 22 that no meeting had been scheduled and Putin would only agree to one if certain terms were approved beforehand. That’s not the case, he said. 

‘Putin is ready to meet with Zelenskyy when the agenda is ready for a summit, and this agenda is not ready at all,’ Lavrov said. 

Meanwhile, Russia launched a massive attack employing nearly 600 drones and decoys against Kyiv Thursday, killing more than 20 people. In response, the U.N. Security Council scheduled an emergency meeting for Friday, per the urging of Ukraine and several other European allies. 

Michael McFaul, a former U.S. ambassador to Russia during former President Barack Obama’s administration, said in a post on X that Putin has only escalated attacks against Ukraine following the Alaska meeting, and said Putin is ‘openly mocking’ Trump. 

‘I hope Mr. Trump and his team understand how Putin is spitting in their faces,’ McFaul said in a Thursday post on X. 

Additionally, Putin is onto the fact he can bypass economic consequences, and won’t seriously negotiate a deal unless he must, according to Steven Pifer, who previously served as the U.S. ambassador to Ukraine during former President Bill Clinton’s administration. 

‘I think that Putin is, in fact, stringing the president along,’ Pifer told Fox News Digital. ‘Putin still believes he can achieve his goals, vis a vis Ukraine, on the battlefield. And we’re not going to see a serious negotiating attempt by the Russians until Putin is convinced he cannot win on the battlefield, and that continuing to try is only going to mean greater and greater cost — first and foremost, a lot more dead Russian soldiers.’

‘I just don’t see any really serious steps the administration has taken to inflict any punishment on Putin,’ Pifer said. ‘I think Putin’s figured that out, and until Putin is disabused of that notion, he’s going to keep missing deadlines.’ 

Historically, Russia’s demands for a peace deal have included barring Ukraine from ever joining NATO, along with concessions on some of the borders that previously were Ukraine’s.

Peter Rough, a senior fellow and director of the Center on Europe and Eurasia at the Hudson Institute think tank, said that because Putin knows the U.S. is eager to end the war, Putin’s peace deal requirements are an attempt to turn up the heat on Ukraine. 

Following Trump’s meeting with Putin and ahead of his meeting days later with Zelenskyy, the U.S. president put the onus on Ukraine to end the war – and said that Ukraine could end the war immediately if it agreed to cede Crimea to Russia, and abandon its bid for NATO membership.

‘Putin managed to sidestep U.S. sanctions in Alaska and is content slogging away in Ukraine,’ Rough told Fox News Digital Monday. ‘But he also recognizes that the U.S. wants this war to come to an end, so he has put forward a proposal intended to appeal to Washington in the hopes that the U.S. will put pressure on Ukraine to accept its terms. If he can divide the transatlantic alliance along the way, all the better. At the very least, it helps him stave off additional U.S. sanctions.’ 

John Hardie, Russia program deputy director at the Foundation for Defense of Democracies, said that Putin isn’t interested in agreeing to a deal unless his terms are included in it. In the meantime, Putin is utilizing diplomacy to avoid economic consequences, Hardie said. 

‘I think Putin does want a deal — but only if it’s on his terms,’ Hardie told Fox News Digital Monday. ‘Until that happens, he’s bent on continuing the war, and Russia seeks to use diplomacy to forestall tougher U.S. economic pressure and redirect Trump’s ire from Moscow to Kyiv.’ 

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Here’s a quick recap of the crypto landscape for Friday (August 29) as of 12 noon (UTC).

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$108,747, a 3.3 percent decrease in 24 hours. Its lowest valuation of the day was US$108,198 and its highest price on Friday was US$112,652.

Bitcoin price performance, August 29, 2025.

Bitcoin price performance, August 29, 2025.

Chart via TradingView

Bitcoin’s slip below the US$110,000 threshold stoked fears of a broader crypto market correction on Friday as liquidations doubled, the Federal Reserve’s preferred inflation gauge showed persistent price pressures, and Bitcoin flashed a potential risk pattern. Analysts warned the token could be edging toward bear market territory.

Adding to volatility, a long-dormant Bitcoin whale that resurfaced this month—after buying US$2.5 billion in Ethereum—shifted another US$1.1 billion on Friday.

Ether (ETH) was priced at US$4,335.28, down by 3.2 percent over the past 24 hours. Its highest was US$4,511.09 and its lowest was US$4,279.96.

Altcoin price update

  • Solana (SOL) was priced at US$204.82, down by 2.4 percent. Its lowest valuation on Friday was US$203.74, and its highest valuation was US$217.66.
  • XRP was trading for US$2.94, down by 4.4 percent in the past 24 hours, and at its lowest valuation of the day. Its highest valuation on Wednesday was US$2.98.
  • SUI (Sui) was trading for US$3.30, down by 4.3 percent in the past 24 hours. Its lowest valuation of the day was US$3.29, and its highest level of the day was US$3.50.
  • Cardano (ADA) was priced at US$0.8201, down by 3.8 percent. Its lowest valuation for Friday was US$0.817, and its highest valuation was US$0.8618.

Today’s crypto news to know

Stablecoins cross US$283 billion threshold record

The stablecoin market reached a new milestone on Friday as total supply climbing to $282.8 billion, according to data from DefiLlama.

That marks a 128 percent increase since January, driven by stronger demand for dollar-pegged tokens and fresh regulatory clarity in the US.

The surge also follows passage of the Genius Act, which sets out federal guidelines for stablecoin issuers and has been billed as a growth catalyst within the sector.

Analysts say stablecoins now serve as a “distribution channel” for US dollars, powering cross-border payments and on-chain settlement systems.

Eric Trump hails US–China leadership in Bitcoin

Speaking at the BTC Asia conference in Hong Kong, Eric Trump praised China’s influence on the digital asset industry and said the US and Beijing were “leading the way” in shaping Bitcoin’s future.

He credited the Middle East as another fast-moving hub for crypto adoption, while stressing Bitcoin’s ability to unite people across borders and cultures.

The younger Trump also added that his father’s administration had accelerated digital asset policy faster in seven months than the prior decade managed. He described America as “winning the digital revolution” with support from Wall Street institutions, sovereign wealth funds, and retirement investors.

Asked whether Bitcoin would be on the agenda in an upcoming US–China trade meeting, he suggested broader topics would dominate but said he “would certainly love to talk about bitcoin.”

Trump-Linked miner American Bitcoin targets September Nasdaq listing

American Bitcoin, a mining company backed by Eric Trump and Donald Trump Jr., is preparing to list on Nasdaq in September following its merger with Gryphon Digital Mining, Reuters reported.

The firm is majority-owned by Hut 8, which controls 80 percent of the business, while the Trump brothers are expected to collectively hold about 19 percent. The company has already raised $220 million to expand its operations and accumulate Bitcoin, adding 215 BTC to its balance sheet as of June.

With Bitcoin trading near US$112,000 this week, that stash is valued at roughly US$24 million.

CEO Asher Genoot said American Bitcoin aims to become one of the largest US mining firms, with backing from high-profile investors including Gemini founders Tyler and Cameron Winklevoss.

Hut 8’s own stock has rallied 29 percent this year. If listed today, American Bitcoin would rank among the top 30 public companies holding Bitcoin in the US.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Bipartisan anger is brewing over the drama that unfolded at the Centers for Disease Control (CDC), with the top members of the Senate’s healthcare panel forming a united front in the midst of the turmoil.

Senate Health, Education, Labor and Pensions Committee Chair Bill Cassidy, R-La., and the panel’s ranking member, Sen. Bernie Sanders, I-Vt., dove head first into the issues stemming from the firing of CDC Director Susan Monarez, which spurred a string of departures from the agency.

Monarez was abruptly fired from her position by the Department of Health and Human Services (HHS), less than a month after being confirmed by the Senate. Her removal, which her lawyers rejected, appeared to stem from disagreements over vaccines with HHS Secretary Robert F. Kennedy, Jr., a vaccine skeptic.

Cassidy was the deciding vote during Kennedy’s confirmation hearing earlier this year.

White House Press Secretary Karoline Leavitt said that the president and Kennedy were ‘committed to restoring trust and transparency and credibility to the CDC.’ 

‘We’re going to make sure that folks that are in positions of leadership there are aligned with that mission,’ she said. 

Cassidy agreed with that sentiment. 

‘The president and secretary are right,’ he told Fox News Digital. ‘We need radical transparency. We need to protect the health of our children. The two go together. I am committed to the president’s vision, which is why the HELP Committee will conduct oversight.’

Monarez has since refused to leave the post, with her lawyers arguing that she had neither resigned nor been fired and had not received notification from the president of her removal.

Following news of her ouster, a string of top officials at the CDC announced their resignations, too, including National Center for Emerging and Zoonotic Infectious Diseases Director Dr. Daniel Jernigan, Chief Medical Officer Debra Houry, National Center for Immunization and Respiratory Diseases Director Demetre Daskalakis and Director of Public Health Data, Science, Technology Jennifer Layden.

In response to their resignations, Cassidy demanded that the federal government’s vaccine advisory panel, which was filled with Kennedy’s handpicked replacements after he recently booted the original panel members, postpone its scheduled meeting in September.

His demand marks the second time this year that Cassidy called on the panel to halt its meeting.

Cassidy argued Thursday that there were ‘serious allegations made about the meeting agenda, membership, and lack of scientific process being followed for the now announced September [Advisory Committee on Immunization Practices] meeting.’

‘These decisions directly impact children’s health, and the meeting should not occur until significant oversight has been conducted,’ Cassidy said in a statement. ‘If the meeting proceeds, any recommendations made should be rejected as lacking legitimacy given the seriousness of the allegations and the current turmoil in CDC leadership.’

Daskalakis posted his reason for resigning on X, where he charged that he was ‘unable to serve in an environment that treats CDC as a tool to generate policies and materials that do not reflect scientific reality and are designed to hurt rather than to improve the public’s health.’

Meanwhile, Sanders demanded a congressional investigation be opened into the Trump administration’s decision to fire Monarez.

‘We need leaders at the CDC and HHS who are committed to improving public health and have the courage to stand up for science, not officials who have a history of spreading bogus conspiracy theories and disinformation,’ Sanders said Thursday.

HHS did not immediately respond to a request for comment for this story.  

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White House Special Envoy Steve Witkoff met with Ukrainian officials in New York City Friday for ‘very productive and constructive’ talks ahead of Kyiv’s emergency U.N. Security Council meeting, Fox News Digital has learned.

Witkoff met with Andriy Yermak, the head of Ukraine’s office of the president and chief of staff, and Sergiy Kyslytsya, Ukraine’s ambassador extraordinary.

Senior administration officials familiar with the meeting told Fox News Digital that Yermak and Kyslytsya gave Witkoff a status update on the war with Russia and Moscow’s most recent attacks.

Russia launched a large-scale attack on Kyiv Wednesday night, killing at least 17 people, wounding 48 others and damaging buildings, officials in Ukraine said. 

The Ukrainian officials invited Witkoff to visit Ukraine in the future, a senior official told Fox News Digital.

Witkoff is continuing talks with Ukrainian officials, who say they are making progress.

The meeting, according to Trump administration officials, was a status update and a reaffirmation of the goal of getting both Ukraine and Russia to meet to ultimately reach an agreement to end the war.

Witkoff’s diplomatic approach in the highly sensitive talks has been met with praise by Trump Cabinet officials and foreign officials alike. 

Secretary of State Marco Rubio also touted Witkoff’s work, saying he is ‘a key member of President Trump’s team and plays an indispensable role in advancing the president’s priorities.’

Rubio told Fox News Digital that Witkoff’s ‘unique perspective and innovative approach open new opportunities for diplomacy that were previously unavailable.’ 

‘It’s been remarkable to see him in action and a privilege to call him a colleague,’ Rubio told Fox News Digital.

National Security Advisor to the United Kingdom Jonathan Powell also praised Witkoff’s style.

Powell reflected on his more than 30 years of experience in peace negotiations, telling Fox News Digital that ‘there is a lot of snobbery in diplomacy — that peace can only be made in grand chandelier rooms, with a delegation of tens of officials and decades of diplomatic experience.’

‘But in my experience, the people who are actually successful at making peace operate on their own and concentrate on building trust between key leaders on either side and moving quietly to cut a deal,’ Powell said. ‘Steve Witkoff is exactly that sort of person.’

Powell told Fox News Digital that Witkoff’s experience of ‘making deals in a completely different field,’ along with his ‘charm and optimism, unburdened by the tens of reasons why an initiative cannot work, and a steely focus on getting to a lasting agreement.

‘In the court of this year, Steve has been able to open doors that no one else could and make peace possible in a series of different conflicts which would otherwise have remained insoluble.’

And Jared Kushner, a former senior adviser to Trump during his first administration, told Fox News Digital that the Trump administration’s ‘small, focused teams with the right leadership can achieve great results.’

‘Coming from the deal world, managing several complex deals at the same time is not uncommon,’ Kushner said, touting Witkoff’s ‘commitment, creativity and determination to solve some of the world’s most complex problems.’

‘Steve is quick to seek out advice and expertise when he is assessing a situation and evolves his perspectives as the facts change,’ Kushner said.

Reports this week, however, quoted anonymous sources who said Witkoff didn’t have enough experience to handle the Ukraine-Russia conflict.

Vice President JD Vance, though, told Fox News Digital that Witkoff has ‘made more progress toward ending the bloodshed in Ukraine than all his critics combined.’

‘He’s a natural diplomat, an experienced negotiator and a true humanitarian,’ Vance said.

Vance blasted those who have criticized Witkoff for simply being ‘threatened.’ 

‘These smears are coming from lifelong bureaucrats who are threatened by Steve’s success and who are basically opposed to a productive peace process,’ Vance said.

Meanwhile, Witkoff’s meeting with officials in New York City comes just hours after Ukraine requested an emergency open briefing at the U.N. Security Council following Russia’s overnight aerial attacks on Kyiv and other cities across Ukraine. 

Council members Denmark, France, Greece, the Republic of Korea, Slovenia and the United Kingdom supported the meeting request. 

Reports say Russia used nearly 600 drones and more than 30 ballistic and cruise missiles in the attack this week. 

Russia’s continued attacks come after Trump met with Russian President Vladimir Putin in Alaska earlier in August. Putin proposed Ukraine cede some territory in exchange for peace. 

Days later, Trump hosted Ukrainian President Volodymyr Zelenskyy and several European heads of state at the White House, and he urged Ukraine to accept a land swap deal with Russia. Trump has argued that it is the most efficient way to end the war. 

Trump hosted Zelenskyy along with French President Emmanuel Macron, British Prime Minister Keir Starmer, German Chancellor Friedrich Merz, Italian Prime Minister Giorgia Meloni and Finnish President Alexander Stubb. 

NATO Secretary-General Mark Rutte and European Commission President Ursula von der Leyen also attended the meeting at the White House. 

Trump is coordinating the next steps in brokering an end to the war and is encouraging Putin and Zelenskyy to meet. 

Trump has said that after Putin and Zelenskyy meet, he will host a ‘trilat,’ which will be a meeting between Putin, Zelenskyy and Trump. 

‘After that meeting takes place, we will have a Trilat, which would be the two Presidents, plus myself,’ Trump said last week. ‘Again, this was a very good, early step for a War that has been going on for almost four years. Vice President JD Vance, Secretary of State Marco Rubio, and Special Envoy Steve Witkoff, are coordinating with Russia and Ukraine.’ 

But after the latest attack, Zelenskyy blasted Putin, saying Russia ‘chooses ballistics instead of the negotiating table. It chooses to continue killing instead of ending the war.

‘And this means that Russia still does not fear the consequences,’ Zelenskyy added. ‘Russia still takes advantage of the fact that at least part of the world turns a blind eye to murdered children and seeks excuses for Putin.’ 

Zelenskyy added that it is ‘definitely time for new, tough sanctions against Russia for everything it is doing.

‘All deadlines have already been broken, dozens of opportunities for diplomacy ruined,’ he said. ‘Russia must feel accountable for every strike, for every day of this war. Eternal memory to all victims of Russia.’

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Shares of Cameco (TSX:CCO,NYSE:CCJ) were on the rise after the uranium major announced it is reducing its annual production guidance due to expansion delays at the McArthur mine in Saskatchewan, Canada.

Instead of the projected 18 million pounds of U3O8 the company was aiming for from its McArthur River joint venture with Orano, the revised output tally reduces 2025’s production total to between 14 million and 15 million pounds.

In January, Cameco warned that delays at McArthur River — including slower-than-expected ground freezing, development setbacks and labor constraints — could affect its 2025 production outlook.

“We have determined that we are unable to fully mitigate the expected impact of the delayed development and slower than anticipated ground freezing in the first half of 2025,” Cameco’s statement notes.

Strong output from the Cigar Lake mine may help offset the McArthur River delays, the company said, adding that its diversified assets and risk management strategy position it to meet commitments and maintain long-term value.

In total, a strong performance at Cigar Lake could provide an additional 1 million pounds.

The uranium miner offered assurances that it will fulfill all delivery obligations with its customers.

“With favourable market prices for uranium today, we continue to have the option to buy in the spot market if it is advantageous for us to do so,” the company said, noting that it can source material through other means as well.

News of the shortfall sent shares of Cameco higher, with the company rising from C$105.91 on Thursday (August 28) to C$114 during after-trading hours. Values had pulled back to the C$105 range by midday on Friday (August 29).

Broader uranium market challenges

Cameco’s production cut is the second output reduction the sector has seen in as many weeks.

On August 22, Kazatomprom, Kazakhstan’s state-owned uranium producer, reported plans to lower output in 2026, saying that despite firm long-term prices, market conditions don’t support a return to full capacity.

In a corporate update, the company said its production will be about 10 percent lower compared to earlier targets, dropping from 32,777 metric tons of U3O8 to 29,697 metric tons. The reduction, equal to roughly 8 million pounds, or 5 percent of global supply, will largely stem from changes at its Budenovskoye joint venture.

After spiking to triple-digit levels unseen in more than a decade in early 2024, the spot price has been under pressure, falling as low as US$63.36 in March of this year. However, prices have steadily grown since then, reaching a second quarter high of US$79.01 on June 30 and currently holding at the US$75 mark. Kazatomprom notes that while the spot price remains volatile, the long-term uranium price has held steady at around US$80.

The company plans to exercise its option to operate within a 20 percent deviation of its 2026 subsoil use production levels, with formal guidance to come later. The sector major also also reported stable sulfuric acid supply for 2026, easing concerns after last year’s shortages forced a sharp output downgrade. However, its new acid plant won’t be ready until at least 2026, and higher mineral extraction taxes are expected to weigh on costs.

The updates came alongside half-year results showing that net profit was down 54 percent to 263.2 billion tenge (US$489.5 million), while revenue was off 6 percent at 660.2 billion tenge, largely on weaker sales volumes.

Despite lower near-term output, Kazatomprom said it remains committed to exploration in order to replenish its reserves and maintain its dominance as the world’s top uranium supplier.

Beyond market headwinds, the company highlighted Kazakhstan’s nuclear ambitions, with proposals for three domestic reactors that would require about 1.04 million pounds of uranium each year.

Uranium supply shortage unavoidable?

With tightening margins between uranium demand and global mine supply, these latest announcements are likely to impact market sentiment and could push prices higher.

Taking to X, formerly known as Twitter, Uranium Insider’s Justin Huhn posted an ominous message:

According to the World Nuclear Association, mine supply currently accounts for 90 percent of uranium demand, with the other 10 percent being fulfilled through secondary supply sources.

However, secondary supply is declining and mine supply has not grown to account for the discrepancy. This is likely to be further compounded by the addition of 70 new nuclear reactors that are currently in the construction phase.

Coupled with heightening energy demands from the artificial intelligence sector, analysts at FocusEconomics are projecting a higher spot price environment moving forward.

“The Consensus among our panelists is for uranium prices to remain well above the levels that prevailed in the 2010s for the rest of this decade, with prices forecast to hover between US$65 and US$80 per pound,” the firm wrote in an email. “That said, panelists don’t see a return to the highs of 2024, a period when the spot price likely got ahead of underlying market fundamentals due to investor exuberance.”

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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Gov. Greg Abbott, R-Texas, has signed a new congressional map into law, securing an additional five Republican-leaning U.S. House districts ahead of competitive midterm elections expected in 2026. 

Abbott’s signature on Friday marks the culmination of a partisan redistricting debate that has captivated the country’s attention and inspired an eye-for-an-eye effort by California Democrats. 

‘Today, I signed the One Big Beautiful Map into law,’ Abbott said on X. ‘This map ensures fairer representation in Congress. Texas will be more RED in Congress.’

The Republican-controlled Texas House and Senate passed the new map through their respective chambers last week, following weeks of Lone Star State Democrats breaking quorum and fleeing the state to avoid a redistricting vote. 

And Republicans in the state were not shy about the reason why they wanted to tweak the map. 

Sen. Phil King, R-Texas, who carried the map in the Senate, contended that while the map created more competitive districts, he believed they would be won by Republicans during the 2026 midterm election cycle. 

‘[House Bill 4], I believe, should elect more Republicans to the U.S. Congress, but I’m here to tell you, there are no guarantees,’ he said.

Texas Democrats aren’t shy about their plans to challenge the map in court, either. 

Texas Democratic Party Chair Kendall Scudder lauded state Democrats for their attempts to block the process and charged that Texas Republicans ‘have effectively surrendered Texas to Washington, D.C.’

‘This isn’t over — we’ll see these clowns in court,’ Scudder said. ‘We aren’t done fighting against these racially discriminatory maps, and fully expect the letter of the law to prevail over these sycophantic Republican politicians who think the rules don’t apply to them.’

Abbott pushed for the creation of a new map to adhere to President Donald Trump’s desire to not see a repeat of the 2018 election cycle, when Democrats handily regained the majority in the House and acted as a foil to the president’s legislative goals toward the end of his first term. 

The Texas map seeks to maintain the Republican majority in the U.S. House next year. Republicans managed to pass Trump’s ‘big, beautiful bill’ through Congress this year, fulfilling many of his 2024 campaign promises, including immigration and green energy reform and tax cuts. Democrats are already using the megabill as fodder for their 2026 campaigns, particularly on Medicaid cuts. 

Repeating a similar legislative achievement for Trump would face even more hurdles if Democrats win control of the House. 

But Abbott and the Texas GOP’s effort could be in vain, given that California Gov. Gavin Newsom and California Democrats passed their own new map, which added five new Democratic-leaning seats in a bid to cancel out Trump’s demands. 

However, the new California map is not yet official, and must be approved by voters in November to be enacted. 

‘The People of California will be able to cast their vote for a Congressional map. Direct democracy that gives us a fighting chance to STOP Donald Trump’s election rigging,’ Newsom said on X. 

While Republicans control a supermajority in deep-red Texas, Democrats were still needed to create a quorum in the House to actually move the process along.

Dozens of Texas Democrats fled the state to stall the process, creating a national media frenzy and generating support from Democratic donors, including groups linked to George Soros and Beto O’Rourke, to help pay for their fines, travel and lodging.

But Texas Republicans Attorney General Ken Paxton and House Speaker Dustin Burrows sought nationwide civil arrest warrants for the Texas House Democrats who broke quorum, and Sen. John Cornyn, R-Texas, requested the FBI track them down and the DOJ launch an investigation into the political action committees funding their escape.

Democratic leaders announced early last week they would return for the second special session following California’s plan to redraw its maps to soften the blow from the Lone Star State, ending the blockade and allowing Republicans to charge ahead. 

Texas House Democrats accused the GOP of crafting a map that was illegal and racially discriminatory, and they tried and failed on the House floor to add amendments to the bill that would have halted the process. Despite Democrats’ best efforts, Texas House Republicans shot down a dozen amendments to the bill and passed it last Wednesday evening.

‘Members, it breaks my heart to see how this illegal and rigged mid-decade redistricting scheme is dividing our state and our country,’ Rep. Chris Turner, a Democrat, said. ‘This is Texas, it’s not Washington D.C. The impulses of outside politicians and their billionaire backers shouldn’t dictate what we do in this chamber, in this House.’

Rep. Todd Hunter, a Republican who wrote the bill for the new map, countered that four of the five new districts were ‘majority-minority Hispanic,’ noting that each of the new districts now trended Republican. Still, he had no qualms as to why Republicans were pursuing changes to the congressional maps. 

‘The underlying goal of this plan is straightforward, [to] improve Republican political performance,’ he said. 

The Democrats’ blockade ended last week, when Abbott called for a second special session after their demands for California to also begin a redistricting cycle were met in an effort to nullify the map Texas Republicans were creating.

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A controversial pro-Palestinian gathering in Detroit is drawing scrutiny for featuring speakers with extremist views—including two former Israeli prisoners released in a Hamas deal—alongside Rep. Rashida Tlaib, D-Mich., a prominent anti-Israel congresswoman.

The second annual ‘People’s Conference for Palestine’ conference, which is being organized by a dozen different pro-Palestinian groups, will begin Friday afternoon and will end on Sunday.

Rep. Tlaib will speak alongside several individuals accused of espousing antisemitic rhetoric, including a professor who has compared Jews to Nazis, a journalist who quipped about Hamas kidnapping ‘several dozen hipsters’ at ‘some sort of rave’ on Oct. 7, 2023, and a high-profile activist who once said Israel is ‘built on the idea that Jews are supreme to everyone else’ and lost her position on the board of a major philanthropic organization amid antisemitism complaints.

Tlaib, herself, has been no stranger to criticism about her anti-Israel views either. She was censured in 2023 by her colleagues in Congress over alleged inflammatory rhetoric about the Israel-Hamas war. The censure followed several comments from Tlaib that drew backlash, including her use of the phrase ‘From the river to the sea,’ a slogan that many Israel supporters consider a call for the destruction of Israel. 

Tlaib also came under fire in 2023 for being part of a secret Facebook group for many years that glorified terrorists following the attacks on Israel on October 7, 2023.

The congresswoman will be joined at the conference by two former prisoners held by Israel who gained their freedom through an Israeli prisoner swap with Hamas. One of those individuals, Hussam Shaheen, was sentenced by Israeli authorities to almost 30 years in prison during the early 2000s for murder and conspiracy to commit murder.

The other former prisoner, Omar Assaf, was formerly an official of the Democratic Front for the Liberation of Palestine (DFLP). The DFLP is not a U.S.-designated terror group, but it has been targeted by U.S. sanctions.

Other attendees of this weekend’s conference include Raja Abdulhaq, who is listed on the conference’s website as the co-founder of the Quds News Network (QNN), which was suspended from Twitter in 2019 for alleged ties to terrorism, a company spokesperson reportedly told the Times of Israel. Subsequently, other major social media platforms, like Instagram, Facebook and TikTok, all took steps to restrict QNN’s presence on their platforms. 

Wesam Ahmed, another speaker, is listed as a ‘human rights advocate’ with Al-Haq, an entity accused by the Israeli government of having ties to the Popular Front for the Liberation of Palestine (PFLP).

Meanwhile, Michigan-area activist and former candidate for Congress, Huwaida Arraf, is also slated to speak. Arraf is known for being a co-founder of the International Solidarity Movement (ISM), which has previously been investigated by the FBI for possible ties to terrorists. In 2021, Arraf also penned an article which promoted using violent tactics against Israelis. 

‘The Palestinian resistance must take on a variety of characteristics — both nonviolent and violent,’ she wrote at the time. ‘But most importantly it must develop a strategy involving both aspects.’

However, when reached for comment, Arraf shot back at criticism that she may be antisemitic, arguing any accusations of such are ‘meant to smear and silence Palestinians and anyone who dares to speak up for their rights.’ 

‘My record is clear,’ she added. ‘I have spent my life opposing all forms of racism, discrimination, and oppression. Conflating criticism of a government with hatred of a people is dishonest and dangerous—it weaponizes antisemitism instead of confronting it.’

A Michigan high school principal was forced to apologize to students and parents in 2023 after Arraf went off script at a ‘diversity assembly’ and reportedly attacked Israel.

  

Multiple university professors accused of antisemitism will also be at the event with Tlaib. One of them, Hatem Bazian, came under fire by his university, the University of California – Berkley, in 2017 after he shared an anti-Israel cartoon that drew widespread backlash for comparing Jews to Nazis, among other tropes.

‘Mom, look! I is chosen! I can now kill, rape, smuggle organs & steal the land of Palestinians yay #Ashke-Nazi,’ read the caption of a political cartoon shared by Bazian, the chairman of American Muslims for Palestine and the co-founder of Students for Justice in Palestine.

The caption was layered over an image of an orthodox Jewish individual who was juxtaposed next to an image of North Korean leader Kim Jong-Un wearing a kippah and other traditional Jewish garb. That photo was also layered with its own caption: ‘Donald Trump: Now my nukes are legal & I can annex South Korea & you need to start paying me 34 billion a year in welfare.’

In 2015, Bazian, whose SJP group has fueled anti-Israel riots on college campuses, raised alarm bells when he called for an ‘intifada in this country that changes fundamentally the political dynamics in here,’ which is widely interpreted as calling for violence against Jews. He went on to say, ‘They’re gonna say some Palestinian being too radical – well, you haven’t seen radicalism yet.’

Another speaker at the event, journalist Eugene Puryear, has been slammed for trivializing Hamas’s Oct. 7, 2023, attacks that killed over a thousand innocent Israelis.

‘As you might have seen, there was some sort of rave or desert party where they were having a great time, until the resistance came in electrified hang gliders and took at least several dozen hipsters,’ Puryear said on Oct. 8, one day after the attack, according to a report from the Anti-Defamation League.

Linda Sarsour, who had to walk-back her remarks after stating Israel ‘is built on the idea that Jews are supreme to everyone else,’ and lost her seat on the board of the Women’s March amid allegations of antisemitism, will make an appearance as well on Friday afternoon. Sarsour previously denied the allegations of antisemitism that came during her time with the Women’s March.

‘Ask them this, how can you be against white supremacy in America and the idea of being in a state based on race and class, but then you support a state like Israel that is based on supremacy, that is built on the idea that Jews are supreme to everyone else,’ Sarsour asked a crowd in 2019, according to Israeli news outlet Haaretz.

Mahmoud Khalil, the former Columbia University student who the Trump administration tried to deport for allegedly inciting anti-Israel violence on his campus, will also be in attendance.

In addition to the speakers, the organizers added special programming geared for kids. ‘We’re proud to introduce a two-day Children’s Program for ages 6–12, featuring engaging activities and an educational curriculum that explores Palestinian history, culture, and resistance,’ the conference’s website says.

Fox News Digital reached out to the conference for comment on its list of speakers, but did not immediately receive a response. Fox News Digital also reached out to several of the speakers for comment but, with the exception of Arraf, did not immediately hear back.

Fox News’ Cameron Cawthorne and Andrew Mark Miller contributed to this report

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