Author

admin

Browsing

Here’s a quick recap of the crypto landscape for Wednesday (April 9) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

At the time of this writing, Bitcoin (BTC) was priced at US$82,060.13 and up 7.2 percent in 24 hours. The day’s range has seen a low of US$76,842.48 and a high of US$82,665.31.

Bitcoin performance, April 9, 2025.

Bitcoin performance, April 9, 2025.

Chart via TradingView.

Bitcoin is back to trading near levels seen earlier in the week following an announcement from the White House that tariffs against most countries will be paused for 90 days, after which reciprocal tariffs will be lowered to 10 percent. China is an exception — tariffs against the country have been boosted immediately to 125 percent.

Ethereum (ETH) is priced at US$1,633.44, an 11.9 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,459.15 and a high of US$1,661.40.

Altcoin price update

  • Solana (SOL) is currently valued at US$118.54, up 14.3 percent over the past 24 hours. SOL experienced a low of US$104.09 and a high of US$119.68 on Wednesday.
  • XRP is trading at US$2.03, reflecting an 11.8 percent increase over the past 24 hours. The cryptocurrency recorded an intraday low of US$1.79 and a high of US$2.06.
  • Sui (SUI) is priced at US$2.24, showing an increaseof 13.9 percent over the past 24 hours. It achieved a daily low of US$1.09 and a high of US$2.26.
  • Cardano (ADA) is trading at US$0.6308, reflecting a 12.8 percent increase over the past 24 hours. Its lowest price on Wednesday was US$0.5597, with a high of US$0.64.

Crypto news to know

Trump’s tariff shock wipes US$2 billion from US Bitcoin stash

The US government’s Bitcoin holdings have dropped by nearly US$2 billion in value since April 2 — dubbed “Liberation Day” by President Donald Trump — following a steep market selloff triggered by tariff announcements.

According to Arkham Intelligence, the 198,012 BTC held by federal agencies declined in value from US$17.24 billion to US$15.21 billion in just under a week as Bitcoin slid from over US$87,000 to below US$77,000.

An executive order made by Trump in March established a strategic Bitcoin reserve sourced from seized assets, further tying federal coffers to price swings in the cryptocurrency. The losses come as the administration ramps up global economic pressure, testing the volatility of its newly created digital reserve.

Digital asset regulations under scrutiny at congressional hearing

The Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence (AI) held a hearing on Wednesday to examine why current regulations may not apply to digital asset activities, and to explore which of these activities trigger US securities laws. Members of the subcommittee also discussed how Congress can address challenges through legislative action that reduces legal uncertainty while encouraging innovation.

At the hearing, Rodrigo Seira, special counsel to law firm Cooley, told the subcommittee that current securities laws are not flexible enough to account for digital assets, citing a long list of crypto projects that have tried and failed to register their products with the US Securities and Exchange Commission (SEC).

“It is clear that the current securities regulatory framework is not a viable option to regulate crypto. It fails to achieve its stated policy goals,” Seira said in his opening remarks.

“(T)he idea that crypto projects can come in and register with the SEC is demonstrably false.”

Seira admitted that it is critical to apply federal regulations to crypto promoters; however, “virtually no crypto projects have successfully registered their tokens under federal securities laws and lived to tell the tale.”

Representative Bryan Steil, head of the subcommittee, praised the progress that lawmakers have made, mentioning last week’s passing of the STABLE Act in the House of Representatives, before directing the subcommittee to the next stage of the process, namely comprehensive digital asset market structure legislation.

Pakistan taps Bitcoin mining and AI to solve power woes

Pakistan is turning to Bitcoin mining and AI data centers as a solution for its surplus electricity problem, aiming to repurpose excess power into revenue-generating infrastructure.

Bilal Bin Saqib, head of the country’s Crypto Council, told Reuters that mining sites will be selected based on regional energy overcapacity, with former Binance CEO Changpeng Zhao advising on the initiative.

Despite regulatory ambiguity, Pakistan ranks among the top 10 countries in global crypto adoption and boasts over 15 million users. The move also emphasizes youth blockchain upskilling and fostering innovation in fintech through regulatory sandboxes to boost exports and economic resilience.

Kraken, Mastercard bring crypto spending to 150 million merchants

Crypto exchange Kraken is teaming up with Mastercard (NYSE:MA) to roll out crypto debit cards across the UK and Europe, enabling users to spend digital assets at more than 150 million merchants.

The partnership builds on Kraken Pay, which allows seamless crypto-to-fiat transactions in over 300 currencies.

The new physical and digital cards — set to launch in the coming weeks — are aimed at expanding crypto’s real-world utility and normalizing digital asset payments.

Kraken CEO David Ripley views this as a critical step toward integrating crypto into everyday commerce, while Mastercard has underscored its commitment to innovating in digital finance and supporting blockchain initiatives.

Binance to delist 14 tokens

Binance announced on Tuesday (April 8) its decision to delist 14 tokens — BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT and VIDT — from its platform on April 16.

The decision follows a comprehensive evaluation that included a review of project commitment and trading volume. The outcome also incorporated the results of Binance’s newly introduced ‘Vote to Delist’ mechanism, which allows users to vote on potentially underperforming tokens based on their BNB holdings.

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

There are 17 rare earth elements (REEs) in all — 15 lanthanides plus yttrium and scandium. It’s a fairly diverse group, with each rare earth mineral having different applications, pricing and available supply.

However, REEs are often placed in the same basket because they do not occur separately from each other in nature. Aside from that, separation is tricky — before modern methods were available, the process was too difficult and expensive to pursue.

Despite the market’s complexity, it’s worth taking a closer look at the different rare earths and their uses. As global governments take steps to meet energy transition goals, demand is expected to grow immensely, creating opportunities for investors with knowledge of the sector. Read on to learn more about this important group of critical metals.

In this article

    Are rare earth elements really rare?

    Many rare earth investors will be familiar with the adage that rare earth minerals are not that rare — in fact, according to the US Geological Survey, most rare earths are more plentiful in the Earth’s crust than gold, silver and platinum.

    As of 2024, there were more than 90 million metric tons of rare earth reserves. Rare earths can be found in carbonatite deposits, alkaline igneous systems, ion-adsorption clay deposits and monazite-xenotime-bearing placer deposits.

    The key point to note is that even though REEs are relatively abundant in the Earth’s crust worldwide, “minable concentrations are less common than for most other mineral commodities,” as per the US Geological Survey.

    In terms of the availability of specific elements, lanthanum and cerium are relatively abundant in rare earths mineral deposits, while neodymium and praseodymium are much less so; meanwhile, erbium, ytterbium and lutetium are rare. Yttrium is as common as lanthanum and cerium in some types of deposits, but scandium is also very rare.

    Rare earth minerals are usually divided into ‘heavy’ and ‘light’ varieties based on their atomic weight. While the concentration of different REEs varies within each given deposit, every deposit is usually dominated by either heavy or light rare earths, with some elements being much more abundant.

    What is the difference between rare earth minerals, rare earth elements and rare metals?

    Rare earth elements and rare earth metals refer to the specific category of 17 elements on the periodic table, and rare earth minerals refers to the minerals, such as monazite, that contain these metals.

    While some use the phrase rare earth minerals to refer to the metals themselves, rare earths are not minerals in the strict sense of the term. Due to their chemical properties, the 17 rare earth elements are classified as metals on the periodic table. However, rare earth elements are not found as pure metals in nature, but are rather locked up in minerals that are mined and refined to obtain the metals.

    The term rare metals instead refers to a loosely defined group of resources, including tantalum, niobium, indium, zirconium and gallium. These metals are genuinely rare and valuable, but they are not members of the REE category. However, their important use in technologies such as microtechnologies, superconducting magnets, touch screens and new energy technologies can often lead them to be confused with rare earth elements.

    How are rare earths used in manufacturing and industry?

    As mentioned, although REEs are grouped together in the ground, their applications vary widely.

    In the light rare earth category, cerium is used as a polishing agent for different types of glass, including LCD screens. Cerium is the most abundant rare earth, and is about as common in the Earth’s crust as copper.

    Lanthanum is used as a catalyst for refining petroleum and to improve the alkali resistance of glass, especially in camera lenses. This light REE is also used to make the carbon arc lights used by the motion picture industry.

    Europium is used in chemical formulations for LEDs, CRT displays and florescent bulbs.

    As for heavy rare earths, yttrium is also used in LEDs and florescent bulbs. While erbium has several uses, it’s most commonly used to make glass optical fibers as it can amplify network signals.

    As mentioned earlier, one of the REEs that is rare in terms of mine supply is scandium, a critical metal that is as strong as titanium, as light as aluminum and as hard as ceramic. There are a number of new applications emerging for scandium, including alloys for high-end sports equipment, as well as for automotive and airplane parts.

    Rare earths are also critical to modern defense systems and military equipment such as radar, guidance systems, precision-guided munitions, lasers, satellites and night vision goggles.

    Several rare earth metals are essential to rare earth magnets, which you can learn more about below.

    What are rare earth magnets and how are they used?

    Rare earth magnets are stronger in terms of weight or volume than any other magnet type. The REEs praseodymium, neodymium, samarium and dysprosium are often used in rare earth magnets, which are finding increasing uses, especially when space is limited.

    Magnets made from neodymium, boron and iron, called neodymium magnets, are the strongest available, and these magnets can be found in the motors of wind turbines, as well as electric vehicles. Fellow rare earth elements dysprosium or terbium are sometimes added to neodymium magnets to improve their ability to operate at high temperatures.

    Samarium-cobalt magnets are favored in military applications such as jet engines and missile systems because these magnets can operate at extremely high temperatures.

    Praseodymium and dysprosium are also commonly used in industrial magnets in order to improve coercivity and resistance to corrosion.

    One of the most promising markets for rare earth magnets is electric vehicle motors. However, it’s important to note that permanent neodymium magnets are not strictly necessary to the construction of any electric vehicle. In fact, Tesla’s (NASDAQ:TSLA) Model S main motor does not contain any type of magnet.

    How will rare earth elements be used in the future?

    Applications for rare earth magnets are rapidly growing as new technologies evolve. However, lack of secure supply has driven some industries to seek out alternative technologies that don’t require REE magnets.

    Still, rare earth magnets are not going away anytime soon. REEs are an important part of the technology that drives modern life. They can be found in smartphones, computers and televisions, and are an important component in green energy technologies such as wind turbines and many electric vehicle motors. Plus, their role in defense technology makes rare earth sources critical.

    Understanding the different types of rare earths is the first step toward making an investment in this space. It’s also useful to understand rare earth supply and demand dynamics, from the top-producing countries to the nations with the top rare earth reserves. Being aware of the outlook for the rare earth industry can also help investors make the right moves.

    For investors who decide they are interested in the longer-term potential for the rare earth metals sector, there are plenty of ways to invest in rare earths, including the biggest rare earth companies and the top rare earth stocks.

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

    This post appeared first on investingnews.com

    U.S. Ambassador to Ukraine Bridget Brink is stepping down, the State Department confirmed Thursday, as the Trump administration ramps up its efforts to broker a peace deal between Russia and Ukraine.

    Tammy Bruce, a State Department spokesperson, said Brink would be leaving her role, though she didn’t give a specific departure date. 

    The news comes at a critical moment for U.S. foreign policy as officials work to ease tensions and end the grinding war in Eastern Europe.

    Brink, a career diplomat with decades of experience, was nominated by then-President Joe Biden and unanimously confirmed by the Senate in May 2022, just months after Russia launched its full-scale invasion of Ukraine. 

    She became the first U.S. ambassador to serve in Kyiv since 2019, helping reestablish America’s diplomatic presence after embassy staff were evacuated in the early days of the war.

    Before serving in Ukraine, Brink was the U.S. ambassador to Slovakia and worked in top roles at the National Security Council. She speaks Russian and is known for strongly defending U.S. interests in Eastern Europe.

    While in Ukraine, Brink was a vocal supporter of American military aid and often appeared publicly with Ukrainian leaders. Her resignation comes as the Trump administration shifts focus toward ending the war through diplomacy and renewed talks with Russia.

    Also on Thursday, U.S. and Russian officials held rare face-to-face talks in Istanbul aimed at repairing long-strained diplomatic relations. The State Department said the two sides exchanged formal notes to finalize an agreement that would stabilize banking services for each country’s embassies, a step seen as key to keeping diplomatic missions operational.

    In recent years, both countries have imposed financial restrictions on each other’s embassies and slashed staffing due to the fallout from the war. A finalized banking deal could open the door to restoring some of those lost diplomatic connections.

    The State Department said follow-up talks are expected, though no date has been set.

    Brink’s departure lands at a moment of major transition in U.S. foreign policy. Her exit may also clear the way for a new ambassador more closely aligned with the Trump administration’s push for a ceasefire deal.

    The State Department did not immediately respond to Fox News Digital’s request for comment.

    The Associated Press contributed to this report.

    This post appeared first on FOX NEWS

    Halcones Precious Metals Corp. (TSX-V: HPM) (the “Company” or “Halcones”) announces that it has closed the second and final tranche of its previously-announced private placement of units (the “Offering”) of the Company (the “Units”) pursuant to which the Company issued 7,707,200 Units at a price of $0.07 per Unit for aggregate gross proceeds of $539,504 (the “Final Tranche”). Each Unit is comprised of one common share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of 36 months following the date of issuance. Together with the first tranche of the Offering, the Company has issued an aggregate of 31,152,200 Units for gross proceeds of $2,180,654.

    The Offering was led by Clarus Securities Inc. and iA Private Wealth Inc., as co-lead agents, on behalf of a syndicate of agents (collectively, the “Agents”) that included Red Cloud Securities Inc. and Haywood Securities Inc.

    The Company plans to use the net proceeds of the Final Tranche to continue the exploration work on its Polaris Project as well as for general corporate working capital purposes.

    In connection with the Final Tranche, the Agents received an aggregate cash fee equal to $37,765.28. In addition, the Company issued to the Agents, 539,504 non-transferable compensation warrants (the “Compensation Warrants”). Each Compensation Warrant will entitle the holder thereof to purchase one Common Share at an exercise price equal to $0.07 for a period of 36 months from the date hereof.

    The Common Shares and Warrants issued pursuant to the Final Tranche are not subject to a statutory hold period pursuant to applicable Canadian securities laws as the Final Tranche was completed pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The Final Tranche remains subject to final approval of the TSX Venture Exchange.

    Non-Brokered Offering

    Further to the closing of the Offering, Halcones announces a non-brokered private placement financing of up to 7,150,000 units (the “NB Units”) to be priced at $0.07 per NB Unit for gross proceeds of up to $500,500 (the “NB Offering”).

    Each NB Unit will be comprised of one Common Share and one-half of one Common Share purchase warrant (each whole warrant, a “NB Warrant”). Each NB Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of 36 months following the completion of the NB Offering. Securities issued under the NB Offering are expected to carry a hold period of 4 months and one day from the date of issue as may be required under applicable securities laws.

    The Company plans to use the aggregate net proceeds of the NB Offering to continue the exploration work on its Polaris project as well as general corporate working capital purposes.

    The NB Offering is scheduled to close on or about April 22, 2025 and is subject to approval of the TSX Venture Exchange.

    Certain insiders of the Company may acquire NB Units in the NB Offering. Any participation by insiders in the NB Offering would constitute a ‘related party transaction’ as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value subscribed for by the insiders under the NB Offering, nor the consideration for the NB Units paid by such insiders, will exceed 25% of the Company’s market capitalization.

    A material change report including details with respect to the related party transaction is not expected to be able to be filed less than 21 days prior to the closing of the NB Offering as the Company has not received confirmation of the participation of insiders in the NB Offering and the Company deems it reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the NB Offering in an expeditious manner.

    This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    About Halcones Precious Metals Corp.

    Halcones is focused on exploring for and developing gold-silver projects in Chile. The Company has a team with a strong background of exploration success in the region.

    For further information, please contact:

    Vincent Chen, CPA
    Investor Relations
    +1 (778) 990-9433
    vincent.chen@halconespm.com
    www.halconespreciousmetals.com

    Cautionary Note Regarding Forward-looking Information

    This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, regarding the Offering, NB Offering, the Company’s intended use of proceeds from the Offering and NB Offering, the approval of the Offering and NB Offering by the TSXV, the Company’s ability to explore and develop its Polaris project and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halcones, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Halcones has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Halcones does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

    NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    Source

    This post appeared first on investingnews.com

    Secretary of Defense Pete Hegseth quipped that the Trump administration has wiped out ‘99.9%’ of diversity, equity, and inclusion initiatives (DEI) from the military during a Cabinet meeting on Thursday. 

    President Donald Trump questioned Hegseth about whether the military had eradicated 100% of DEI efforts under his leadership, as Cabinet members shared updates on their own agencies’ attempts to purge such policies. 

    ‘99.9, sir – I’m going to get that last point,’ Hegseth said. 

    The Trump administration has unveiled multiple initiatives to curb DEI initiatives within the military, including signing an executive order in January barring transgender people from enlisting and serving openly in the military. 

    However, two federal judges issued nationwide injunctions in March blocking the Trump administration from enforcing the ban while the lawsuit is pending. In a judgment rendered on March 19, U.S. District Judge Ana Reyes of Washington, D.C., said the Trump administration’s order was ‘soaked in animus,’ and discriminated based on a person’s transgender status.

    ‘Indeed, the cruel irony is that thousands of transgender servicemembers have sacrificed – some risking their lives – to ensure for others the very equal protection rights the Military Ban seeks to deny them,’ Reyes wrote in the decision.

    Trump signed another executive order in January banning DEI content in K–12 schools that receive federal funds. While military service academies were originally exempt since they are not classified as K–12 institutions, the Pentagon issued instructions to the Naval Academy to remove DEI-related books from its library in March. 

    Included in the list of nearly 400 books purged are ‘How to be Anti-Racist’ and ‘Stamped From the Beginning: The Definitive History of Racist Ideas in America’ by Ibram X. Kendi, as well as ‘Our Time is Now: Power, Purpose, and the Fight for a Fair America,’ by former Georgia Rep. Stacey Abrams.

    Kendi is the founding director emeritus of the Boston University Center for Antiracist Research. He rose to national prominence following the 2020 death of George Floyd at the hands of Minneapolis police.

    Hegseth has made clear that the Pentagon will not tolerate any DEI initiatives under his watch. 

    ‘The President’s guidance (lawful orders) is clear: No more DEI at @DeptofDefense,’ Hegseth said in a post on X, formerly Twitter, in January. ‘The Pentagon will comply, immediately. No exceptions, name-changes, or delays.’ 

    The Associated Press contributed to this report. 

    This post appeared first on FOX NEWS

    China has been ramping up its military actions around Taiwan in what one top commander warned on Thursday are not just drills, but ‘rehearsals.’

    ‘China’s unprecedented aggression and military modernization poses a serious threat to the homeland, our allies and our partners,’ Adm. Samuel Paparo, commander of the U.S. Indo-Pacific Command, said during a hearing with the Senate Armed Services Committee on Thursday. ‘With military pressure against Taiwan increasing by 300%, China’s increasingly aggressive actions near Taiwan are not just exercises, they are rehearsals.’

    Beijing has long looked to assert its dominance over Taiwan as it aims to ‘reunify’ the island with mainland China in a move the West and Taipei have warned is against Taiwan’s wishes and would disturb the region’s status quo.

    Taiwan identifies as a sovereign nation. However, it is officially recognized by China, the United Nations and the U.S. as part of the ‘One China’ policy – though the U.S. has increasingly warned Beijing against disrupting regional stability by forcibly ‘reunifying’ the island with the mainland. 

    ‘While the [People’s Liberation Army] PLA attempts to intimidate the people of Taiwan and demonstrate coercive capabilities, these actions are backfiring, drawing increased global attention and accelerating Taiwan’s own defense preparations,’ Paparo said. 

    But it is not only China’s military posture toward Taiwan that concerns top military commanders. 

    ‘China’s outproducing the United States in air missile, maritime and space capability and accelerating these,’ Paparo said. ‘I remain confident in our deterrence posture, but the trajectory must change.’

    The Indo-Pacific commander warned that China is outstripping the U.S. in the production of fighters at a rate of 1.2 to 1, and warned that the U.S. is falling behind when it comes to shipbuilding, as well as some missile and space-based capabilities. 

    ‘They built combatants at the rate of 6 to 1.8 to the United States,’ Paparo told the lawmakers, in reference to China’s investment in producing ships, aircraft and weaponry. 

    ‘We’ve got to get at the problems of why we don’t have enough [of a] combat logistics force – and that’s shipbuilding. Why we don’t have enough labor,’ Paparo said. ‘And those are looking hard at pay and incentives in order to recruit and retain those people.’

    This post appeared first on FOX NEWS

    A 2022 Defense Department report long withheld by the Biden administration has recently surfaced and reveals that seven U.S. service members showed COVID-19-like symptoms after having competed in the World Military Games in Wuhan, China, months before the deadly virus first broke out in the U.S.

    The explosive disclosure suggests that the virus was circulating in Wuhan months before China disclosed it to the world in December 2019. The games took place in October 2019, two months earlier. 

    It also challenges the Biden administration’s public claims in 2021 that there was no evidence that any American participants contracted the virus at those games. The CIA, FBI and Energy Department have all now suggested that the COVID-19 virus pandemic may have originated via a lab leak from the city’s Wuhan Institute of Virology.

    The 2022 report was legally required to be released publicly online more than two years ago ‘in a searchable format,’ but it only became available some time in late March, when the Trump administration uploaded it to a Defense Department website, The Washington Free Beacon reported. 

    The outlet reported that the Biden administration did send copies of the report to the House and Senate Armed Services Committees in December 2022, but the report was never made available online by the administration. 

    The report found that of the 263 U.S. delegation that traveled to the event, seven U.S. members showed COVID-19-like symptoms between Oct. 18, 2019 and Jan. 21, 2020. All symptoms were resolved within six days and could be attributed to other respiratory illnesses​.

    The report also found that there were no significant outbreaks of COVID-19-like symptoms at Defense Department facilities after the athletes returned, although service members were not tested for COVID-19 or antibodies as testing was not available at that early stage of the pandemic.

    However, Washington was one of the earliest states to show a spike in COVID-19, and the U.S. team used chartered flights to and from the games via Seattle-Tacoma International Airport, Prospect reported.

    Then-Pentagon spokesperson John Kirby told the Washington Post in June 2021 that the military had ‘no knowledge’ of any COVID-19 infections among the troops that participated in those games.

    The Pentagon, during Trump’s first term, said in June 2020 that there was no reason to test members as the event was held ‘prior to the reported outbreak,’ Prospect reported. 

    Other international athletes reported having come down with COVID-19-like symptoms, the Daily Mail reported in June 2021. 

    The games have long been suspected as being a ‘super spreader’ event which took place close to the Wuhan Institute of Virology. The U.S.-based EcoHealth Alliance, partially funded by the U.S. National Institutes of Health was conducting gain of function research there. 

    ‘Many of the athletes said ​Wuhan looked like a ‘ghost town’ in October‚ two months before China reported the first case of coronavirus there,’ the New York Post reported.

    Former Rep. Mike Gallagher, R-Wis., in 2021 said that those months were critical and could have helped the United States understand the disease and ‘shut down travel earlier in order to stop the spread and ultimately save potentially millions of lives.’

    READ THE REPORT BELOW: APP USERS CLICK HERE

    This post appeared first on FOX NEWS

    A Mexican drug lord was released from custody after being convicted in the 1985 killing of Drug Enforcement Administration agent Enrique ‘Kiki’ Camarena. 

    Ernesto ‘Don Neto’ Fonseca Carrillo, one of the co-founders of the Guadalajara Cartel, was freed last weekend after completing his 40-year sentence, a federal agent confirmed to the Associated Press. 

    Fonseca, 94, had been serving the remainder of his sentence under home confinement outside Mexico City since being moved from prison in 2016. The DEA did not immediately respond to a request for comment Thursday from Fox News Digital. 

    Rafael Caro Quintero, another Guadalajara Cartel co-founder who also was convicted in the murder, was one of 29 cartel figures Mexico sent to the United States in February. It’s unclear if the U.S. is now looking to bring Fonseca into custody. 

    At the time of his murder, the DEA and Camarena had been utilizing a series of wiretaps to make sizeable drug busts inside Mexico. 

    In February 1985, as Camarena left to meet his wife for lunch outside the U.S. consulate in Guadalajara, he was surrounded by officers from the DFS, a Mexican intelligence agency that no longer exists. 

    ‘Back in the middle 1980s, the DFS, their main role was to protect the drug lords,’ former DEA agent Hector Berrellez, who led the investigation into Camarena’s murder, told Fox News in 2013. 

    The DFS agents then took Camarena, blindfolded and held at gunpoint, to one of Caro Quintero’s haciendas nearby. 

    For more than 30 hours, Caro-Quintero and others interrogated Camarena and crushed his skull, jaw, nose and cheekbones with a tire iron. They broke his ribs, drilled a hole in his head and tortured him with a cattle prod. As Camarena lay dying, Caro-Quintero ordered a cartel doctor to keep the U.S. agent alive. 

    The 37-year-old’s body was found dumped on a nearby ranch about a month later. 

    In 2013, Caro Quintero walked free after serving 28 years in prison.  He was released after a court overturned his 40-year sentence for the kidnapping and killing of Camarena. 

    Caro Quintero was arrested again by Mexican forces in July 2022 after he allegedly returned to drug trafficking. 

    Fox News’ Greg Wehner, William La Jeunesse, Lee Ross and the Associated Press contributed to this report. 

    This post appeared first on FOX NEWS

    — The Food and Drug Administration is phasing out an animal testing requirement for antibody therapies and other drugs in favor of testing on materials that mimic human organs, the FDA announced on Thursday. 

    ‘For too long, drug manufacturers have performed additional animal testing of drugs that have data in broad human use internationally. This initiative marks a paradigm shift in drug evaluation and holds promise to accelerate cures and meaningful treatments for Americans while reducing animal use,’ FDA Commissioner Martin A. Makary, said in comment provided to Fox News Digital. 

     ‘By leveraging AI-based computational modeling, human organ model-based lab testing, and real-world human data, we can get safer treatments to patients faster and more reliably, while also reducing R&D costs and drug prices. It is a win-win for public health and ethics.’ 

    The phase-out focuses on ending animal testing in regard to researching monoclonal antibody therapies, which are lab-made proteins meant to stimulate the immune system to fight diseases such as cancer, as well as other drugs, according to the press release. 

    Instead, the FDA will encourage testing on ‘organoids,’ which are artificially grown masses of cells, according to the FDA’s press release obtained by Fox Digital. 

    ‘The FDA will promote the use of lab-grown human ‘organoids’ and organ-on-a-chip systems that mimic human organs – such as liver, heart, and immune organs – to test drug safety. These experiments can reveal toxic effects that could easily go undetected in animals, providing a more direct window into human responses,’ the press release says. 

    The FDA will also encourage the use of AI while testing drugs, including building computer modeling that can predict a drug’s behavior, Fox Digital learned. 

    The phase-out will include updating its guidelines to recognize research conducted on organoids and through AI.

    ‘Companies that submit strong safety data from non-animal tests may receive streamlined review, as the need for certain animal studies is eliminated, which would incentivize investment in modernized testing platforms,’ the FDA explained in its press release. 

    The FDA is slated to also work with fellow federal agencies, such as the National Institutes of Health, the National Toxicology Program and the Department of Veterans Affairs, to ‘accelerate the validation’ of the new testing standards and will hold a public workshop later this year to further discuss the matter. 

    ‘For patients, it means a more efficient pipeline for novel treatments. It also means an added margin of safety, since human-based test systems may better predict real-world outcomes. For animal welfare, it represents a major step toward ending the use of laboratory animals in drug testing. Thousands of animals, including dogs and primates, could eventually be spared each year as these new methods take root,’ Makary said. 

    This post appeared first on FOX NEWS