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The Gaza Humanitarian Foundation (GHF) is facing a new threat as Hamas terrorists place bounties on the heads of its workers, including U.S. security personnel and local aid staff. According to GHF, Hamas is offering monetary rewards to anyone who kills or injures the organization’s workers.

‘We are aware of credible reports that Hamas is openly targeting the Gaza Humanitarian Foundation and those who work with us. According to these reports, Hamas has placed bounties on both our American security personnel and Palestinian aid workers—offering cash rewards to anyone who injures or kills them,’ GHF said in a statement provided exclusively to Fox News Digital.

‘The targets of Hamas’s brutality are heroes who are simply trying to feed the people of Gaza in the middle of a war.’

GHF also said that Hamas has positioned ‘armed operatives’ near humanitarian zones in an apparent attempt to ‘disrupt the only functioning aid delivery system in Gaza.’

Earlier this month, Hamas launched a deadly attack on GHF workers, leaving 12 dead. The organization said Hamas also tortured others. The victims were local workers, according to GHF.

U.S. Ambassador to Israel Mike Huckabee issued a statement on the bounties and criticized the United Nations’ silence on Hamas brutality.

‘Last month [President Trump] told us to get food to civilians in Gaza, but DON’T let Hamas steal it,’ Huckabee wrote on X. ‘NOT always pretty, but 800k+ unique recipients of food & 1ST TIME they [have] received food FREE since start of war. Hamas has stolen or taxed it & now w/ GHF they CAN’T! Hamas’ main tool to control Gaza is GONE. Hamas has put a bounty on the heads of everyone at GHF — Gazans [and] Americans. The UN remains SILENT.’

In response to Huckabee’s statement, GHF Executive Chairman Rev. Johnnie Moore wrote in his own post on X that reports of the Hamas bounties are based on ‘new and credible information received today.’

‘Hamas would be very unwise to test the resolve of [President Donald Trump],’ Moore wrote.

GHF is demanding the international community break its silence on Hamas’ treatment of the organization’s local workers and the American security personnel, many of whom are U.S. veterans.

‘Hamas, through these violent and escalating threats, is showing the world it prefers chaos and starvation to peace and aid,’ GHF wrote. ‘We call on international leaders and aid groups to stand with us and with the people of Gaza. The people of Gaza, who show up to our sites every day in defiance of Hamas’s threats and brutality, deserve it.’

GHF said it has been able to distribute approximately 49,915,822 meals so far. The organization recently received a funding boost after the U.S. State Department announced it had approved $30 million in funding for the group.

‘We call on other countries to also support the GHF, the Gaza Humanitarian Foundation, and its critical work,’ State Department Principal Deputy Spokesperson Tommy Piggot said in a briefing on June 26. 

‘From day one, we said we are open to creative solutions that securely provide aid to those in Gaza and protects Israel. The support is simply the latest iteration of President Trump’s and Secretary Rubio’s pursuit of peace in the region.’


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A vulnerable Senate Republican put his foot down against President Donald Trump’s ‘big, beautiful bill’ over concerns of deep Medicaid cuts inside the megabill.

Sen. Thom Tillis, R-N.C., told Fox News Digital that he would not support the measure through a procedural hurdle necessary to kick off a marathon of debate and amendment voting that would eventually culminate in the measure’s final passage.

Tillis, who is up for reelection in 2026, said after exiting the Senate GOP’s closed-door lunch that he has a ‘great relationship’ with his colleagues, but that he couldn’t support the colossal bill.

‘We just have a disagreement,’ he said. ‘And, you know, my colleagues have done the analysis, and they’re comfortable with the impact on their states. I respect their choice. It’s not a good impact in my state, so I’m not going to vote on the motion to proceed.’

He also won’t support the bill during the final stretch. Tillis is part of a cohort of Senate Republicans who have expressed reservations over the Senate GOP’s changes to the Medicaid provider tax rate.

Tillis’ resistance to the bill is a bad sign for Senate Majority Leader John Thune, R-S.D., who can only afford to lose three votes. So far, Sen. Ron Johnson, R-Wis., has vowed to vote against the procedural test, and Sen. Rand Paul, R-Ky., is expected to follow suit. 

Trump was meeting with Johnson and Sen. Rick Scott, R-Fl., another possible holdout, during the lunch. 

Lawmakers are expected to vote to advance the bill at 4 p.m. on Saturday. 

The mounting resistance could force Thune to go back to the drawing board. Further complicating matters is Collins, who is also up for reelection in 2026, who said that while she would support the bill through the first step, she was leaning against voting to pass the bill in the final stretch unless the legislation was ‘further changed.’

The latest version of the bill, which dropped near the stroke of midnight, included tweaks to the Senate’s offering that would push back the provider rate crackdown by one year, and also added another $25 billion for a rural hospital stabilization fund.

While others in the group, like Sens. Susan Collins, R-Maine, and Josh Hawley, R-Mo., are on board to at least see the legislation move through the first key procedural hurdle, Tillis has argued that his state would be harshly affected by the crackdown.

Indeed, during a closed-door lunch earlier this week, the lawmaker reportedly warned that North Carolina could lose as much as $40 billion in Medicaid funding if the changes were codified.

For now, Tillis is unlikely to budge, even after conversations with Trump. He is also planning to unveil further analysis on the impact of Medicaid cuts on his state that he said no one in the ‘administration or in this building’ has been able to refute.

‘The president I have talked, and I just told him that, ‘Look, if this works for the country, that’s great. And if my other colleagues have done extensive research and concluded it’s different in their states, I respect that,’’ he said. ‘We just have a disagreement based on the implementation in our respective states.’


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A key New York Republican said he’s pleased with a tax provision in the Senate’s version of President Donald Trump’s ‘big, beautiful bill’ after weeks of tense back-and-forth over the matter.

‘I think it’s a very good deal. We were able to keep the House language intact,’ Rep. Mike Lawler, R-N.Y., told Fox News Digital, adding that he was pleased ‘we were able to solve’ differences on tax deductions for certain pass-through businesses, which are companies smaller than corporations whose taxes are ‘passed through’ the business owner’s personal returns.

‘I think at the end of the day, it’s a [four-times] increase on [state and local tax (SALT) deduction caps]. And despite the Senate’s best efforts to whittle down the language, we were able to keep it.’

Lawler is one of several blue state Republicans who threatened to sink the bill if it did not sufficiently raise SALT deduction caps.

SALT deductions are aimed at providing relief for people living in high-cost-of-living areas, primarily in big cities and their suburbs. 

There was no limit on SALT deductions until Trump’s 2017 Tax Cuts and Jobs Act (TCJA), which capped that federal tax benefit at $10,000 for both single filers and married couples.

The House’s bill raised that cap to $40,000 for 10 years, with households making up to $500,000 eligible for the full deduction.

Senate Republicans, who released their text of the bill just before midnight on Friday night, reduced the benefit window to five years instead of 10. 

After that, the maximum deduction would revert to $10,000 for the next five years.

‘Yes, the time was shortened, but at the end of the day, people are going to immediately be able to deduct them to $40,000, which is a massive win,’ Lawler told Fox News Digital.

‘Democrats promised to fix this when they had complete control in ’21 and ’22 and failed to deliver. We’re delivering on it. So you know to me this is a big win for New York. It’s a big win for taxpayers all across the country.’

Blue state Republicans, primarily those in New York and California, have pushed hard in favor of lifting that cap. They’ve painted it as an existential political issue in their districts, where Republican victories were critical to the GOP winning and keeping its House majority.

They’ve also argued that their states sending more money back to the federal government effectively subsidizes lower-tax states that do not bring in as much revenue.

But Republicans in more GOP-leaning states have dismissed SALT deductions as a reward for high-tax Democratic states to continue their own policies.

‘SALT deductions allow blue states to export their political mistakes (electing high-tax, crazy socialists), Americans shouldn’t subsidize,’ Rep. Chip Roy, R-Texas, wrote on X.

Lawler would not say if his support for the deal meant he would vote for the final bill – noting there were other provisions he had to read through in the 940-page legislation.

But he said he believed most of his Republican colleagues in the SALT Caucus would be supportive of the compromise.

‘I think there’s broad consensus among most of us about how important this is, and what a significant win it is,’ Lawler said.

Rep. Nicole Malliotakis, R-N.Y., the only member of the SALT Caucus who sits on the tax-writing House Ways & Means Committee, told Fox News Digital of the deal on Friday, ‘I can live with this but, quite frankly, the $30,000 over 10 years that I negotiated out of Ways & Means would’ve protected my constituents for a longer period of time.’

‘But alas, this is a group exercise and there are a lot of cooks in the kitchen,’ she said.

Not everyone is on board, however. Rep. Nick LaLota, R-N.Y., signaled to Fox News Digital that he is rejecting the deal.

‘While I support the president’s broader agenda, it would be hypocritical for me to back the same unfair $10k SALT cap I’ve spent years criticizing. A permanent $40k deduction cap with income thresholds of $225k for single filers and $450k for joint filers would earn my vote,’ he said in a written statement.

Rep. Young Kim, R-Calif., did not comment on the SALT deal itself but more broadly said her support for the bill is contingent on how decisions on SALT deduction caps, Medicaid measures, and small business taxes play out.

A source familiar with her thinking told Fox News Digital she would vote against the bill back in the House if the Senate’s more severe Medicaid cuts remained in place.

The Senate is aiming to begin considering the legislation on the floor late afternoon on Saturday, though the final vote could come in the early hours of Sunday, if not later.

The bill could also change between now and then, with various Republican lawmakers still expressing their concern.

Fox News Digital reached out to SALT Caucus co-chair Andrew Garbarino, R-N.Y., and Rep. Tom Kean, R-N.J. for comment.


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A House Republican representing part of Southern California will oppose President Donald Trump’s ‘big, beautiful bill’ if it returns to her chamber without the House’s original language on Medicaid, a source familiar with her thinking told Fox News Digital.

Rep. Young Kim, R-Calif., is one of several moderates who are uneasy on Saturday after the Senate released updated text of the massive bill advancing Trump’s agenda on tax, immigration, defense, energy, and the national debt.

Two other sources told Fox News Digital that as many as 20 to 30 moderate Republicans are reaching out to Speaker Mike Johnson, R-La., with serious concerns about the Senate’s bill.

The source familiar with Kim’s thinking said, ‘As she’s said throughout this process, ‘I will continue to make clear that a budget resolution that does not protect vital Medicaid services for the most vulnerable, provide tax relief for small businesses, and address the cap on state and local tax (SALT) deductions will not receive my vote.”

The Senate released the nearly 1,000-page bill minutes before midnight on Friday night.

It makes some notable modifications to the House’s version of the bill – which passed that chamber by just one vote in May – particularly on Medicaid and green energy credits.

Among their issues is the difference in provider tax rates and state-directed payments, both of which states use to help fund their share of Medicaid costs.

Whereas the House bill called for freezing provider taxes at their current rates and blocking new ones from being implemented, the Senate’s bill went a step further – forcing states to gradually phase down their provider tax rates to 3.5%, if they adopted the Affordable Care Act’s (ACA) Medicaid expansion.

That would include 40 states and Washington, D.C. The Senate’s most recent bill text shows that phase-down happening between 2028 and 2032.

Sixteen House GOP moderates wrote a letter to congressional leaders sounding the alarm on those Medicaid provisions earlier this week.

They said it ‘undermines the balanced approach taken to craft the Medicaid provisions in H.R. 1—particularly regarding provider taxes and state-directed payments.’

‘The Senate version treats expansion and non-expansion states unfairly, fails to preserve existing state programs, and imposes stricter limits that do not give hospitals sufficient time to adjust to new budgetary constraints or to identify alternative funding sources,’ the letter read.

To offset Senate Republicans’ concerns about their chamber’s proposed limits on state-directed payments and provider tax rates, the Senate Finance Committee included a $25 billion rural hospital fund in their legislation.

It was enough to sway Sen. Josh Hawley, R-Mo., who told reporters on Saturday that he would support the bill after expressing earlier concern about the Medicaid provisions’ impact on rural hospitals.

But in the House, sources are signaling to Fox News Digital that moderate Republicans could still need convincing if the bill passes the Senate this weekend.

It could pose problems for House GOP leaders given their thin three-vote majority, though it’s worth noting that the legislation could still change before it reaches the lower chamber.

But one senior House GOP aide told Fox News Digital they believe the moderates will ultimately fall in line, even if the text doesn’t change.

‘Moderate Republicans can plead and beg with House leadership all they want – the reforms to Medicaid made in the Senate are here to stay,’ the senior aide said. ‘And ultimately, these lawmakers will roll over and vote for the ‘Big, Beautiful Bill’ because the wrath of President Trump is far worse than a lower provider tax.’

Fox News Digital reached out to Speaker Mike Johnson’s office for comment.

For his part, Johnson, R-La., has publicly urged the Senate on multiple occasions to change the bill as little as possible – given the fragile unity that must be struck in the House to pass it.


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President Donald Trump delivered a resounding endorsement of NATO this week, marking a sharp turnaround in his years-long, often contentious relationship with the alliance.

Once known for blasting allies over defense spending and even threatening to pull out of NATO altogether, Trump now appears to have had a change of heart. 

‘I left here differently. I left here saying that these people really love their countries,’ Trump said after the 2025 NATO summit in The Hague.

The pivot comes as NATO nations more than doubled their collective defense spending target – raising the bar from 2% to 5% of GDP.

From Hostile Rhetoric to Royal Receptions

The president’s renewed embrace of the alliance follows years of friction, high-profile clashes with world leaders and controversial comments. Yet at this year’s summit, the tone was strikingly different.

Trump was welcomed by Dutch royals, praised by the NATO secretary-general – who even referred to him as ‘daddy’ – and returned home lauding European allies for their patriotism. ‘It’s not a rip-off, and we’re here to help them,’ Trump told reporters.

The transformation is as dramatic as it is unexpected.

The Iran Factor: Military Action with Global Impact

Trump arrived at the NATO summit on a high note, following U.S. strikes that crippled Iran’s nuclear infrastructure. According to American and allied intelligence sources, the operation set back Tehran’s nuclear ambitions by several years.

The strike was widely seen as both a show of strength and a strategic warning – not just to Iran but to NATO adversaries like Russia and China.

‘He really came in from this power move,’ said Giedrimas Jeglinskas, a former NATO official and current chairman of Lithuania’s national security committee.

‘Among some, definitely Eastern Europe, Central Europe, Nordic Europe, this attack, the use of those really sophisticated weapons and bombers, was the rebuilding of the deterrence narrative of the West, not just of America.’

Timeline: Trump’s Rocky Road with NATO

2016 Campaign Trail

Trump repeatedly called NATO ‘obsolete,’ questioning its relevance and slamming allies for failing to pay their ‘fair share.’

‘It’s costing us too much money… We’re paying disproportionately. It’s too much,’ he said in March 2016.

He criticized NATO for lacking focus on terrorism, later taking credit when it created a chief intelligence post.

February 2017 – Early Presidency

Trump softened his tone after becoming president. 

‘We strongly support NATO,’ he said after visiting Central Command. ‘We only ask that all members make their full and proper financial contribution.’

He continued to push for members to meet the 2% target by 2024.

2018 Brussels Summit

Trump privately threatened to pull the U.S. from NATO unless allies increased spending.

‘Now we are in World War III protecting a country that wasn’t paying its bills,’ he warned.

Despite the posturing, he called NATO a ‘fine-tuned machine’ after extracting new spending commitments. He also accused Germany of being a ‘captive of Russia’ over the Nord Stream 2 pipeline.

2019 London Summit

The drama continued, this time with French President Emmanuel Macron calling NATO ‘brain-dead.’ 

‘NATO serves a great purpose. I think that’s very insulting,’ Trump responded.

He also clashed with Canadian Prime Minister Justin Trudeau – calling him ‘two-faced’ after Trudeau was caught mocking Trump on camera.

2020 – Troop Withdrawal from Germany

Trump ordered 12,000 U.S. troops out of Germany, citing Berlin’s defense shortfalls.

February 2024 – Russia Controversy

Trump ignited backlash after suggesting he’d let Russia ‘do whatever the hell they want’ to NATO countries that failed to meet spending obligations.

The remark sparked urgent contingency talks among European leaders about the future of the alliance if the U.S. did not step up to its defense. 

June 2025: A Different Trump, a Different NATO

The 2025 summit in The Hague unfolded with surprising calm. Trump’s hosts rolled out the red carpet. ‘He’s the man of the hour and the most important man in the world,’ Jeglinskas said.

Jeglinskas credited Trump’s blunt diplomacy – however unorthodox – for helping drive real reform ‘He’s brought in tectonic change to the alliance’s capabilities by… being himself,’ he added. ‘It’s a gift for the alliance.’

Two Forces Behind NATO’s Revival: Russia and Trump

Experts agree NATO’s recent revitalization stems from two major catalysts: Russia’s 2022 invasion of Ukraine and Trump’s relentless pressure on allies to boost defense.

President Trump is riding high this week with two major foreign policy victories,’ said Matthew Kroenig, vice president at the Atlantic Council’s Scowcroft Center, referencing NATO and the recent U.S. strikes on Iran’s nuclear program. ‘It’s terrific. I hope he can keep it up.’

He added, ‘Every president since Eisenhower has complained that NATO allies aren’t doing their fair share.’

Now, Trump was the one who finally got them to listen, he said. 


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U.S. Secretary of State Marco Rubio held his first official meeting in Washington, D.C., with the families of the hostages still held by Hamas in Gaza amid the terror group’s ongoing war with Israel.

Rubio reaffirmed the Trump administration’s commitment to securing the release of all 50 remaining hostages, according to a press release from The Hostages and Missing Families Forum.

The meeting featured Moshe Lavi, brother-in-law of hostage Omri Miran; Ilay David, brother of hostage Evyatar David; Tzur Goldin, brother of Lt. Hadar Goldin; and recently released hostage Iair Horn, whose brother Eitan Horn remains in captivity.

Rubio’s wife, Jeanette, and son, Anthony, were also at the meeting.

During the meeting, the secretary told the families that true victory in Gaza would only be realized when all the hostages returned home, according to the press release.

He also noted that the U.S. government has already demonstrated its ability to lead significant initiatives in the Middle East. He further argued that Israel has achieved victories in Iran and Lebanon and is capable of defeating Hamas.

The families stressed that this is a critical window of opportunity to bring the remaining hostages home in one comprehensive deal rather than phases or partial agreements as has been the case in Israel’s previous hostage deals with Hamas, the press release said.

They expressed trust in the Trump administration to act with urgency and determination to free the remaining people in Hamas’ captivity.

‘We’ve waited long enough,’ the families said. ‘It’s time to make brave decisions and bring all our loved ones back—all at once.’


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After six weeks of consolidation and trading in a defined range, the markets finally broke out from this formation and ended the week with gains. Over the past five sessions, the markets have largely traded with a positive undercurrent, continuing to edge higher. The trading range was wider than anticipated; the Nifty traded in an 829-point range over the past few days. Volatility took a backseat; the India Vix slumped by 9.40% to 12.39 on a weekly basis. While trending higher throughout the week, the headline index closed with a net weekly gain of 525.40 points (2.09%).

The breakout that occurred in the previous week has pushed the support level higher for the Index. Now, the most immediate support level has been dragged higher to the 25100-25150 zone, the one that the markets penetrated to move higher. So long as the Nifty keeps its head above this zone, it is likely to continue moving higher. Over the coming weeks, we are also likely to see a distinct shift in the leadership, with the sectors that were in the bottoming-out process taking the lead. This would also mean that one must now focus on taking profits in the spaces that have run up much harder over the past week. While protecting gains, it would be wise to shift focus to the sectors that are likely to see much improved relative strength going forward from here.

The levels of 25750 and 26000 are likely to act as potential resistance levels for the coming week. The supports come in at the 25,300 and 25,000 levels. The trading range is likely to stay wider than usual.

The weekly RSI is 64.58; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above its signal line. A large white candle emerged, indicating the directional strength that the markets exhibited throughout the week.

The pattern analysis of the weekly chart shows that the Nifty initially crossed above the rising trendline pattern resistance. This trendline began from the low of 21150 and joined the subsequent rising bottoms. However, the Nifty consolidated above the breakout point for six weeks before finally resuming its move higher. The Index has pushed its resistance levels higher; as long as the Index stays above the 25000 level, this breakout will remain valid.

It is also important to note that the Nifty’s Relative Strength (RS) line is attempting to reverse its trajectory. This may lead to the frontline index improving its relative performance against the broader markets. Along with this shift in relative strength, it is also strongly recommended that one consider protecting gains in sectors that have risen significantly over the past several weeks. The leadership over the coming weeks is likely to change, making rotating sectors even more important than before. While protecting gains, new purchases must be initiated in sectors that are showing improvement in momentum and relative strength. While some consolidation cannot be ruled out, a positive outlook is suggested for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that only two sector Indices, Nifty Midcap 100 and the Nifty PSU Bank Index, are inside the leading quadrant. While the Midcap Index continues to rotate strongly, the PSU Bank Index is seen giving up on its relative momentum. These two groups are likely to outperform the broader markets relatively.

The Nifty PSE Index has rolled inside the weakening quadrant. This may result in the sector slowing down on its relative performance. The Nifty Commodities, Financial Services, Infrastructure, Banknifty, and the Services Sector Index are also inside the weakening quadrant.

The Nifty Consumption Index has rolled into the lagging quadrant. The FMCG Index and the Pharma Index also continue to languish inside this quadrant. The Nifty Metal Index is also located within the lagging quadrant; however, it is sharply improving its relative momentum compared to the broader markets.

The Nifty Realty, Media, IT, Auto, and Energy Indices are located within the leading quadrant. These groups are likely to assume leadership over the coming weeks as they continue to improve their relative momentum and strength compared to the broader Nifty 500 Index.


Important Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

Senate Republicans unveiled their long-awaited version of President Donald Trump’s ‘big, beautiful bill,’ but its survival is not guaranteed.

Senate Budget Committee Chair Lindsey Graham, R-S.C., revealed the stitched-together text of the colossal bill late Firday night.

The final product from the upper chamber is the culmination of a roughly month-long sprint to take the House GOP’s version of the bill and mold and change it. The colossal package includes separate pieces and parts from 10 Senate committees. With the introduction of the bill, a simple procedural hurdle must be passed in order to begin the countdown to final passage.

When that comes remains an open question. Senate Republicans left their daily lunch on Friday under the assumption that a vote could be teed up as early as noon on Saturday.

Sen. John Kennedy, R-La., told Fox News Digital that he had ‘strongly encouraged’ Senate Majority Leader John Thune, R-S.D., to put the bill on the floor for a vote Saturday afternoon. 

‘If you’re unhappy with that, you’re welcome to fill out a hurt feelings report, and we will review it carefully later,’ Kennedy said. ‘But in the meantime, it’s time to start voting.’

But Senate Republicans’ desire to impose their will on the package and make changes to already divisive policy tweaks in the House GOP’s offering could doom the bill and derail Thune’s ambitious timeline to get it on Trump’s desk by the July 4 deadline.

However, Thune has remained firm that lawmakers would stay on course and deliver the bill to Trump by Independence Day. 

When asked if he had the vote to move the package forward, Thune said ‘we’ll find out tomorrow.’

But it wasn’t just lawmakers who nearly derailed the bill. The Senate parliamentarian, the true final arbiter of the bill, ruled that numerous GOP-authored provisions did not pass muster with Senate rules.

Any item in the ‘big, beautiful bill’ must comport with the Byrd Rule, which governs the budget reconciliation process and allows for a party in power to ram legislation through the Senate while skirting the 60-vote filibuster threshold. 

That sent lawmakers back to the drawing board on a slew of policy tweaks, including the Senate’s changes to the Medicaid provider tax rate, cost-sharing for food benefits and others. 

Republican leaders, the White House and disparate factions within the Senate and House GOP have been meeting to find middle ground on other pain points, like tweaking the caps on state and local tax (SALT) deductions.

While the controversial Medicaid provider tax rate change remained largely the same, a $25 billion rural hospital stabilization fund was included in the bill to help attract possible holdouts that have raised concerns that the rate change would shutter rural hospitals throughout the country. 

On the SALT front, there appeared to be a breakthrough on Friday. A source told Fox News that the White House and House were on board with a new plan that would keep the $40,000 cap from the House’s bill and have it reduced back down to $10,000 after five years. 

But Senate Republicans are the ones that must accept it at this stage. Sen. Markwayne Mullin, R-Okla., has acted as the mediator in those negotiations, and said that he was unsure if any of his colleagues ‘love it.’ 

‘But I think, as I’ve said before, I want to make sure we have enough that people can vote for than to vote against,’ he said. 

Still, a laundry list of other pocket issues and concerns over just how deep spending cuts in the bill go have conservatives and moderates in the House GOP and Senate pounding their chests and vowing to vote against the bill.

Republican leaders remain adamant that they will finish the mammoth package and are gambling that some lawmakers standing against the bill will buckle under the pressure from the White House and the desire to leave Washington for a short break.

Once a motion to proceed is passed, which only requires a simple majority, then begins 20 hours of debate evenly divided between both sides of the aisle.

Democratic lawmakers are expected to spend the entirety of their 10 allotted hours, while Republicans will likely clock in well below their limit. From there starts the ‘vote-a-rama’ process, when lawmakers can submit a near-endless number of amendments to the bill. Democrats will likely try to extract as much pain as possible with messaging amendments that won’t actually pass but will add more and more time to the process.

Once that is complete, lawmakers will move to a final vote. If successful, the ‘big, beautiful bill’ will again make its way back to the House, where House Speaker Mike Johnson, R-La., will again have to corral dissidents to support the legislation. It barely advanced last month, squeaking by on a one-vote margin. 

Treasury Secretary Scott Bessent hammered on the importance of passing Trump’s bill on time. He met with Senate Republicans during their closed-door lunch and spread the message that advancing the colossal tax package would go a long way to giving businesses more certainty in the wake of the president’s tariffs. 

‘We need certainty,’ he said. ‘With so much uncertainty, and having the bill on the president’s desk by July 4 will give us great tax certainty, and I believe, accelerate the economy in the third quarter of the year.’ 


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Statistics Canada released April’s gross domestic product (GDP) numbers on Friday (June 27). The data showed a slowing in the Canadian economy with a 0.1 percent monthly decline after it increased 0.2 percent in March as businesses attempted to get ahead of US tariff deadlines.

In April, the shift in US trade policy led to significant declines in the manufacturing sector, which saw its largest drop in four years at 1.9 percent. Durable goods manufacturing declined for the first time in four months, dropping 2.2 percent d. The most heavily impacted sub-sectors were transportation equipment and the auto sector, which fell 21.6 percent and 5.2 percent, respectively.

On the positive side, finance and insurance experienced growth of 0.7 percent, with investment services and funds contributing 3.5 percent growth to the sector. StatsCan indicated that the US tariff announcement on April 2 led to increased selling activity in Canadian equity markets.

The Canadian resource sector was flat overall during the month. The oil and gas extraction, excluding oil sands, fell 1.1 percent in April, while oil sands extraction remained unchanged. The agency said that higher bitumen extraction was offset by lower synthetic crude production. Additionally, a temporary shutdown in the Keystone pipeline due to a rupture contributed to a decline in activity.

However, losses were offset by a 4.8 percent gain in support activities for the mining and oil and gas extraction subsectors, with an increase in rigging and drilling activities.

While some of the month-over-month decline was due to the increase in output in March, StatsCan suggests that further slowing is on the way. The agency reported that advanced figures for May show a further 0.1 decline, noting a decrease in the mining, quarrying, and oil and gas extraction category.

South of the border, the US Bureau of Economic Activity released May’s personal consumption expenditures price index (PCE) data on Friday. The index is a key inflation indicator and is the preferred measure used by the Federal Reserve when making its rate decision. The central bank has held its current rate at the 4.25 to 4.5 percent range since it last lowered it in November 2024.

The report shows inflation ticked up 2.3 percent on an annualized basis, higher than the 2.2 percent recorded in April. The increase came after two consecutive months of slowing from 2.7 percent in February and 2.3 percent in March.

Less the more volatile food and energy categories, PCE gained 2.7 percent during the period. While costs for goods increased, current-dollar personal income was down 0.4 percent and disposable income fell 0.6 percent.

US President Donald Trump again signaled his displeasure with the slow pace of rate cuts earlier in the week, and with the Wall Street Journal reporting on Wednesday (June 25) that he may announce a replacement for Chairman Jerome Powell as early as this summer.

While it’s unclear if he will try to remove Powell from the post, the president may try to create a “shadow Fed” that could work to influence markets and undermine decisions made by the current chairman. Powell’s term as chairman is set to expire in May 2026, while his time as board governor won’t end until 2028. His removal would require an act of Congress.

Markets and commodities react

In Canada, major indexes ended the week up. The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.77 percent during the week to close at 26,687.14 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, gaining 1.47 percent to 724.26, while the CSE Composite Index (CSE:CSECOMP) climbed 0.74 percent to 117.39.

US equities were also in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 3.41 percent to close at a record high of 6,173.08, the Nasdaq-100 (INDEXNASDAQ:NDX) surging 4.17 percent to its own all-time high of 22,534.20. While it didn’t break its previous high, the Dow Jones Industrial Average (INDEXDJX:.DJI) also climbed significantly, up 3.89 percent to 43,819.26.

On the other hand, the gold price declined this week, falling 2.8 percent to US$3,274.15 by Friday at 4 p.m. EDT. The silver price ended the week down just 0.05 percent at US$35.99.

In base metals, the COMEX copper price surged 5.59 percent over the week to US$5.12 per pound. Prices have been rising due to increased purchases ahead of US tariffs and significant drawdowns of inventories in London Metals Exchange warehouses.

Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) lost 6.07 percent to close at 545.71.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Onyx Gold (TSXV:ONYX)

Weekly gain: 121.28 percent
Market cap: C$106.84 million
Share price: C$2.08

Onyx Gold is an exploration company advancing its Munro-Croesus project, located near Timmins in Ontario, Canada. The company has increased the size of the land package by 200 percent between 2020 and 2025, and the project now covers an area of 109 square kilometers.

Munro-Croesus hosts the historic Croesus mine, which produced 14,859 ounces of gold between 1915 and 1936 with an average grade of 95.3 grams per metric ton (g/t). Onyx is the first company to explore the property since the mine closed.

Shares in Onyx have seen gains in recent weeks as it made several investment and project announcements.

The first came on June 12, when the company announced that it had completed a private placement with Windfall Mining, a subsidiary of Gold Fields (NYSE:GFI), which purchased 9.4 percent of Onyx’s issued and outstanding shares. Onyx said the investment is an endorsement of its long-term vision.

As for this week, on Tuesday (June 24), Onyx announced that it signed a mineral property purchase and sale agreement to acquire a 100 percent interest in the Munro and Hewitt properties, both located near the existing Munro-Croesus project. The acquisition will expand the company’s land package to 109 square kilometers from the previous 95 square kilometers.

In its most recent update on Thursday (June 26), the company reported the first drill results from its 10,000 meter spring drill program at the Argus North zone at Munro-Croesus. One highlighted assay contained 1.8 grams per metric ton (g/t) gold over 91 meters, including 4 g/t over 32 meters and 5.3 g/t over 17 meters.

The company said the results demonstrate the continuity of broad zones of high-grade gold mineralization. It added that mineralization was confirmed along strike and that the zone is still open in all directions.

2. US Copper (TSXV:USCU)

Weekly gain: 83.33 percent
Market cap: C$14.5 million
Share price: C$0.11

US Copper is an exploration company working to advance its Moonlight-Superior project in Northeast California, United States.

The project covers approximately 13 square miles of patented and unpatented federal mining claims in the Lights Creek Copper District, near the Nevada border.

A preliminary economic assessment released on January 6 demonstrated a post-tax net present value of US$1.08 billion with an internal rate of return of 23 percent and a payback period of 5.3 years, assuming a copper price of US$4.15 per pound.

The included mineral resource estimate shows a total indicated resource of 2.5 billion pounds of copper, 21.7 million ounces of silver and 140,042 ounces of gold from 402.83 million metric tons of ore with a grade of 0.31 percent copper, 1.85 parts per million (ppm) silver and 0.012 ppm gold. The majority is hosted at its Moonlight and Superior deposits.

Although the company did not release news this week, its shares have seen significant gains alongside a rising price of copper.

3. ArcWest Exploration (TSXV:AWX)

Weekly gain: 68.42 percent
Market cap: C$11.21 million
Share price: C$0.16

ArcWest Exploration is an exploration company that has most recently been working to advance its Todd Creek and Oweegee Dome properties within the Golden Triangle in British Columbia, Canada.

The Todd Creek property is a 21,343 hectare site that adjoins Newmont’s (TSX:NGT,NYSE:NEM) Brucejack property and hosts widespread copper and gold mineralization. Historical exploration of the site yielded grab samples with up to 37.7 g/t gold and 5.3 percent copper. The project is covered by a March 2023 earn-in agreement with Freeport-McMoRan (NYSE:FCX) that could see Freeport earn a 51 percent stake, with C$20 million in investments over a five year period.

The 31,077 hectare Oweegee Dome property is located 34 kilometers northeast of the Brucejack mine and hosts underexplored copper and gold systems, including Delta and Skowill East. Oweegee Dome is covered by a July 2021 option agreement with Sanatana Resources (TSXV:STA). Under the terms of the agreement, Sanatana can earn an initial 60 percent interest in the property through cumulative exploration investments of C$6.6 million over four years.

Shares in ArcWest gained this week after a pair of announcements.

The first came on Wednesday, when the company reported results from a 2024 drill program, funded and operated by Sanatana, that extended the mineralized zone at Oweegee Dome. Sanatana President Buddy Doyle said, “We now think the alteration and mineralization we see at surface at Delta is only the southeast corner of a larger system.”

The other news was released on Thursday, when it announced it had mobilized for a drill program at Todd Creek. The program will receive a minimum of C$4 million in funding from Freeport-McMoRan.

4. Belo Sun (TSXV:BSX)

Weekly gain: 62.79 percent
Market cap: C$163.35 million
Share price: C$0.35

Belo Sun Mining is an exploration and development company focused on advancing its Volta Grande gold project in Brazil.

The property covers approximately 2,400 hectares within the Tres Palmeiras greenstone belt in Para State, Brazil. The company has been working on the project since 2003, and acquired necessary development permits in 2014 and 2017.

A 2015 mineral reserve estimate demonstrated a proven and probable reserve of 3.79 million ounces of gold from 116 million metric tons of ore with an average grade of 1.02 g/t.

Development at the site stalled in 2018 after a federal judge ruled that the Federal Brazilian Institute of the Environment (IBMA) would be the competent authority for issuing environmental permits. The decision was overturned in 2019 with the Secretariat of Environment and Sustainability of the State of Para (SEMAS) reassuming its permitting authority. The decision was once again reversed in September 2023, returning authority to IBMA.

On January 23, Belo Sun announced that the Federal Court of Appeals had reassigned SEMAS as the permitting authority for the Volta Grande project. The company said it was pleased with the decision, as the agency is familiar with the project and enjoys a constructive and transparent relationship with it.

On Monday (June 23), the company announced shareholders approved a renewal of the company’s governance structure and elected four new directors to the board. Four of the board’s six members are now either Brazilian or have spent significant parts of their careers working in Brazil.

5. Reyna Silver (TSXV:RSLV)

Weekly gain: 52.94 percent
Market cap: C$33.05 million
Share price: C$0.13

Reyna Silver is a silver exploration company with a portfolio of assets in Chihuahua, Mexico, and Nevada, US.

One of its two Mexican assets is Guigui, a 4,750 hectare property covering a significant portion of the Santa Eulalia Mining District. The area has a history of mining dating back to the 1700s with production of almost 450 million ounces of silver between then and 2001.

Its other one is Batopilas, a 1,183 hectare site that covers 94 percent of the Batopilas Mining District, which has significant deposits of pure, native silver. Historic mining at the site produced an estimated 200 million to 300 million ounces of silver dating back to the mid-1600s.

Its primary American asset is the Gryphon Summit project located along the Carlin-trend. The project covers an area of 10,300 hectares and is prospective for gold, silver and critical minerals.

It also owns the Medicine Springs project, which spans 4,831 hectares south of Elko City. Previous exploration at the site identified lead, zinc and silver mineralization.

Shares in Reyna gained this week after it entered into a definitive agreement to be acquired by Torex Gold (TSX:TXG).

The deal, valued at US$26 million, will see Torex acquire all issued and outstanding common shares in Reyna, thereby gaining access to its wholly owned Mexican portfolio. Additionally, Torex will have the option to acquire a 70 percent stake in the Gryphon Summit project and a 100 percent interest in Medicine Springs.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) (‘Freegold’ or the ‘Company ‘) is pleased to announce that all matters set out in the Management Information Circular dated May 26 2025 for the 2025 Annual General and Special Meeting of Shareholders held on June 27, 2025 (the ‘Meeting’) were approved by the shareholders holding 98,154,137 shares were voted representing approximately ~ 18.56% of the outstanding shares of the Company.

Freegold Logo (CNW Group/Freegold Ventures Limited)

The following nine nominees were elected as directors of Freegold. The detailed results of the vote for the election of directors are set out below:

MOTIONS

NUMBER OF SHARES

PERCENTAGE OF VOTES CAST

FOR

AGAINST

WITHHELD/
ABSTAIN

FOR

AGAINST

WITHHELD/
ABSTAIN

To elect as Director :Kristina Walcott

96,353,303

1,800,834

98.165 %

1.835 %

To Elect as Director: Alvin Jackson

97,016,593

1,137,544

98.841 %

1.159 %

To Elect as Director: David Knight

85,790,018

12,364,119

87.403 %

12.597 %

To Elect as Director: Garnet Dawson

97,308,977

845,160

99.139 %

0.861 %

To Elect as Director: Ron Ewing

96,839,477

1,314,660

98.661 %

1.339 %

To Elect as Director: Glen Dickson

85,396,927

12,757,210

87.003 %

12.997 %

To Elect as Director: Reagan Glazier

79,513,338

18,640,799

81.009 %

18.991 %

To Elect as Director: Maurice Tagami

97,900,807

253,330

99.742 %

0.258 %

To Elect as Director: Vivienne Artz

93,614,569

4,539,568

95.375 %

4.625 %

The Company’s shareholders approved the appointment of Davidson & Company LLP, Chartered Professional Accountants, as the Company’s auditors, as set forth in the management information circular.

The Company’s shareholders approved the Company’s new omnibus equity incentive plan.

Each of the matters voted upon at the Meeting is discussed in detail in the Company’s Information Circular dated May 26 th, 2025, which is filed under the Company’s profile at www.sedarplus.com.

Golden Summit Project Update:

Drilling at Golden Summit is progressing well. Drilling is focused on resource definition, which includes both expansion and infill drilling, as well as geotechnical and metallurgical holes. Like the 2024 drill program, the current efforts aim to upgrade inferred resources to indicated status in preparation for the upcoming pre-feasibility study, which is expected to commence later this year. An updated mineral resource estimate is expected to be finalised soon, and the initial assay results from the 2025 drill program are also anticipated shortly.

The Qualified Person for this release is Alvin Jackson , P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited  
Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold’s Annual Information Form for the year ended December 31st, 2024 , filed under Freegold’s profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold’s operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect   on Freegold’s business, results of operations, and financial condition.

SOURCE Freegold Ventures Limited

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