Author

admin

Browsing

Highlights:

  • One of Europe’s Premier Emerging Tungsten Assets materially increases its mineral resource estimates with Measured and Indicated Resource Estimate (M+I) increasing to 13.0 Mt at 0.21% WO₃ and Inferred Resource Estimate to 7.7 Mt at 0.18% WO₃.

    Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce an updated Mineral Resource Estimate (‘MRE’) at the Company’s Borralha Tungsten Project. The MRE is only with respect to the Santa Helena Breccia and does not include other potential mineralized deposits on the property. This update incorporates results from the 2025 Phase 1 RC drilling (4,210 metres) campaign and represents a significant step in advancing the Borralha Project toward a Preliminary Economic Assessment (‘PEA’) targeted for Q1, 2026. It is particularly timely as tungsten prices remain strong at approximately U.S. $700MTU APT, up about 70% over the past six months amid increasing demand for critical raw materials and tightening global supply.

    The updated MRE marks a major step change from the 2024 MRE (4.98 Mt Indicated at 0.21% WO₃ and 7.01 Mt Inferred at 0.20% WO₃), with the Borralha resource now at 13.0 Mt Measured and Indicated (M+I) at 0.21% WO₃ and 7.7 Mt Inferred at 0.18% WO₃, confirming the Santa Helena Breccia as one of the largest undeveloped tungsten systems in Europe.

    UPDATED MINERAL RESOURCE ESTIMATE (MRE)
    (Effective date: 16 November 2025; based on 0.09% WO₃ cut-off; undiluted in-situ; WO₃-only.)

    TABLE 1 — Mineral Resources at 0.09% WO₃ Cut-off

    Classification Tonnes (Mt) WO₃ (%) Contained WO₃ (t)
    Measured 1.0 0.22 2,088
    Indicated 12.0 0.21 24,974
    M+I 13.0 0.21 27,062
    Inferred 7.7 0.18 13,878

     

    * The MRE was prepared in accordance with the CIM Definition Standards (2023) and National Instrument 43-101—Standards for Disclosure of Mineral Projects (‘NI 43-101‘) and replaces the previous maiden resource dated March 25, 2024.

    Roy Bonnell, CEO & Director of Allied, commented: ‘This updated MRE is a major milestone for the Borralha Project. Growing the Measured and Indicated resources to 13.0 million tonnes at 0.21% WO₃ and Inferred resources to 7.7 million tonnes at 0.18% WO₃ while keeping the system open in multiple directions confirms both the scale and continuity of the deposit. The Borralha Project continues to impress by continuing to produce record tungsten intercepts. With our next core drilling campaign planned for early 2026, we are confident that this project will continue to expand and strengthen its position as one of Europe’s most compelling tungsten assets.’

    ‘This updated MRE strengthens not only the technical foundation of the Borralha Project, but also our position within the ongoing environmental and permitting processes, with anticipated approvals in Q1, 2026. It provides an excellent foundation to further build the MRE for our anticipated PEA in Q1 2026 by, among other things, pairing two or three holes to reach more mineralization which weren’t accessible with RC in this campaign. Alongside the drilling and geological work, our team has been advancing the Environmental Impact Assessment and navigating the extensive regulatory and administrative steps required in Portugal. Today’s results support the robustness of the project as we progress through these parallel workstreams. The combination of geological growth, improving confidence, and continued permitting momentum gives us a clear and responsible path forward toward development.’

    Note: In accordance with NI 43-101 Section 3.5, Mineral Resources are reported separately by category and must not be aggregated. Measured and Indicated Resources may be combined for reporting purposes, but Inferred Resources cannot be added to other categories. No combined grade is reported for Measured + Indicated + Inferred.

    Highlights:

    • New MRE incorporates 1) RC step-outs, 2) infill drilling, 3) density updates, 4) revised grade shell, 5) improved geological model 6) enhanced geostatistical parameters.
    • WO₃-only cut-off grade is 0.09% WO₃, consistent with the expectable underground LHOS potential and gravity-dominant metallurgy.
    • Strong continuity of mineralization confirmed; extensions defined toward the north dip and western flank.
    • Metallurgy indicates simple, low-cost gravity flowsheet with ~75-85% WO₃ recovery and potential Cu-Sn-Ag by-product upside to be defined in the PEA.
    • Updated block model supports growing potential for scalable, long-life underground operation.
    • The final RC holes were terminated before reaching the anticipated mineralized corridors, leaving the western and northern down-dip extensions open. This indicates that significant potential remains for additional resource growth with only modest further drilling, which will be addressed in the next core drilling campaign planned for Q1 2026.

    GEOLOGICAL & METALLURGICAL CONTEXT

    Drilling confirms that the Santa Helena Breccia is a large, subvertical, coarse-fragment collapse breccia, strongly mineralized in wolframite ± ferberite, with accessory cassiterite, chalcopyrite, silver sulphosalts, and low deleterious elements. Mineralization displays strong structural control and excellent lateral continuity. This updated MRE does not yet take into account any future breccia complexes or other geological anomalies that may be present at the Borralha Project.

    Metallurgy

    Existing metallurgical programs (bench-scale testing, mineralogical studies, and semi-industrial work by MinePro), together with ongoing metallurgical test work at Wardell Armstrong International (SLR), indicate:

    • Coarsely liberated wolframite, well suited to gravity concentration.
    • Heavy Liquid Separation (5 mm) delivering exceptional performance, rejecting >50% of the mass at high WO₃ recovery.
    • Spirals and shaking tables effective for fine clean-up stages.
    • Final sulfide flotation required to clean the gravity concentrate and remove sulfide minerals.
    • Cassiterite and chalcopyrite exhibit realistic beneficiation potential, with metallurgy to be provided by MinePro’s independent QP for the NI 43-101 Technical Report.
    • Wardell Armstrong (UK) test work is underway, with results expected in Q1 2026 to support PEA flowsheet definition and recoveries.

    By-products (Cu-Sn-Ag)

    Although not included in cut-off or resource calculation:

    • Chalcopyrite follows sulfide flotation which leads to potential Cu concentrate;
    • Cassiterite follows gravity circuit which leads to potential Sn concentrate; and
    • Ag could report to sulfide concentrate.

    These metals represent future upside to be defined within the PEA.

    Cut-off grade rationale

    Resources are reported above a 0.09% WO₃ cut-off grade, derived from:

    • APT price: US $500/MTU;
    • Underground long-hole stoping conceptual mining; and
    • An implicit 0.09% WO₃ grade shell was constructed using a numeric-model iso-value of 0.6. Minor isolated volumes <5,000 m³ were removed to satisfy CIM RPEEE (Reasonable Prospects for Eventual Economic Extraction) continuity criteria and to avoid isolated blocks lacking reasonable prospects for extraction.

    NEXT STEPS

    The updated MRE provides the foundation for Allied’s maiden PEA planned for Q1 2026, evaluating a scalable underground operation leveraging gravity-dominant processing with by-product potential. The next steps include:

    • Completion of Wardell Armstrong (UK) detailed metallurgy (underway);
    • Engineering trade-off studies to support PEA;
    • Phase 2 RC & diamond drilling targeting western & down-dip expansion; and
    • Environmental and hydrogeological baseline program (ongoing).

    QUALIFIED PERSONS

    The updated MRE was prepared by Vítor Arezes, MIMMM, QMR #703197, Vice President Exploration of Allied Critical Metals, Qualified Person under NI 43-101. The scientific and technical information contained in this release has been reviewed and approved by Mr. Vítor Arezes, BSc, MIMMM (QMR), Vice-President Exploration of Allied Critical Metals Inc., a Qualified Person under NI 43-101. Mr. Arezes is not independent of the Company as he is an officer of Allied Critical Metals Inc.

    The updated MRE was reviewed and validated by J. Douglas Blanchflower, P.Geo. of Minorex Consulting. The scientific and technical information contained in this release has also been reviewed and approved by Mr. J. Douglas Blanchflower, P.Geo. (License nr. 19086), Minorex Consulting, a Qualified Person under NI 43-101. Mr. Blanchflower is independent of the Company and its mineral properties.

    In addition, the metallurgical information in this news release was reviewed by Mr. David Castro López, MIMMM, QMR #685484 of MinePro Lda. The scientific and technical information contained in this release has also been reviewed and approved by Mr. David Castro López, MIMMM, a Qualified Person under NI 43-101. Mr. Lopez is independent of the Company and its mineral properties.

    NI 43-101 TECHNICAL REPORT FILING

    A Technical Report prepared supporting the updated Mineral Resource Estimate will be filed on SEDAR+ within 45 days of this news release, in accordance with Section 4.2 of NI 43-101.

    Table 2 – 2025 Campaign Interval Highlights

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/11632/275151_acmtable2_550.jpg

    Table 2

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/11632/275151_acmtable2.jpg

    Notes: [1] Reported intervals are downhole lengths. Estimated true widths were calculated from hole orientation and the interpreted geometry of the mineralized corridors. Estimates may vary locally where geometry changes. Where intervals fall outside the resource block-model domains, true widths are not estimated and only downhole lengths are reported. [2] True widths are unknown to be defined after further MRE update.

    All of the above drill results were previously disclosed as first time disclosure by the Company in its past news releases, as follows: (i) on September 4, 2025 – Bo_RC_14/25; (ii) on September 11, 2025 – Bo_RC_15/25, Bo_RC_17/25, and Bo_RC_22/25; (iii) on September 29, 2025 – Bo_RC_21/25 and Bo_RC_26/25; (iv) on October 22, 2025 – Bo_RC_16/25, Bo_RC_18/25, and Bo_RC_19/25; (v) on November 5, 2025 – Bo_RC_27/25 and Bo_RC_28/25; and (vi) on November 12, 2025 – Bo_RC_20/25, Bo_RC_25/25, Bo_RC_29/25, and Bo_RC_30/25.

    About the Borralha Tungsten Project

    Allied’s Borralha Tungsten Project is one of the largest and most historically significant past-producing tungsten operations in Western Europe. Located in northern Portugal, Borralha was once the second-largest tungsten mine in the country and supplied strategic materials to European and Allied industries during the 20th century, including both World Wars and the Cold War period.

    Today, the project is undergoing a modern revitalization based on a combination of scale, grade, metallurgy, and jurisdictional strength. Mineralization is dominated by coarse-grained wolframite, which is highly desirable in global markets due to its favorable processing characteristics and higher recoveries compared to scheelite-bearing deposits.

    Borralha benefits from existing infrastructure, shallow mineralization, and a simple processing route, making it one of the most advanced tungsten development projects in the European Union. These attributes are particularly important in the context of the EU Critical Raw Materials Act (2024/1252) and NATO strategic autonomy initiatives, both of which explicitly identify tungsten as a defense-critical raw material subject to severe supply risk.

    With the EU currently dependent on over 80% of its tungsten imports from China, Borralha represents a rare and strategic opportunity to develop a secure, domestic, and NATO-aligned supply source. As Allied continues to advance drilling, resource expansion, and economic studies, Borralha is poised to play a central role in reshaping Europe’s tungsten landscape—supporting both decarbonization technologies and defense-industrial resilience.

    ON BEHALF OF THE BOARD OF DIRECTORS
    ‘Roy Bonnell’

    Roy Bonnell
    CEO and Director

    For further information or investor relations inquiries, please contact:

    Dave Burwell
    Vice President, Corporate Development
    Email: daveb@alliedcritical.com
    Tel: 403-410-7907
    Toll Free: 1-888-221-0915

    ABOUT Allied Critical Metals

    Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 87% of the total global supply and reserves. The Tungsten market is estimated to be valued at approximately U.S. $5 to $6 billion, and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

    Please also visit our website at www.alliedcritical.com.

    Also visit us at:

    LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc/
    X: https://x.com/@alliedcritical/
    Facebook: https://www.facebook.com/alliedcriticalmetalscorp/
    Instagram: https://www.instagram.com/alliedcriticalmetals/

    The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

    Cautionary Statement Regarding Forward-Looking Information

    This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the Company’s most recently filed management’s discussion and analysis, all as filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275151

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

    Investor Insight

    LAURION Mineral Exploration offers a rare combination of district-scale, dual-mineralization advantage (gold and base metals), strong insider alignment, potential for near-term cash-flow optionality and a rapidly advancing, de-risked brownfield project in a top-tier jurisdiction. With expanding high-grade results, robust technical momentum and clear strategic appeal, the company is positioned for meaningful value growth as Ishkōday progresses toward resource definition and development milestones.

    Overview

    LAURION Mineral Exploration (TSXV:LME,OTCPINK:LMEFF, FSE:5YD) is a Canadian mid-stage exploration and development company focused on unlocking the value of its 100-percent-owned Ishkōday project in Ontario’s Greenstone Belt. Ishkōday spans 57 sq km and hosts both gold and base metal (zinc-copper-silver) mineralization, a rare combination offering multiple value streams and strong leverage to both precious and base metals markets. The project hosts two past-producing mines, and historical stockpiles of approximately 280,000 tonnes grading 1.14 grams per ton gold.

    Through ongoing drilling, surface mapping and 3D geological modeling, and partnerships with leading technical, engineering and permitting specialists, LAURION is steadily defining a large mineralized system across a 6 km by 2.5 km corridor, a clear indication of the project’s district-scale potential. LAURION is also progressing its advanced exploration permit (AEP), which will enable underground access and potential processing of surface stockpiles, with an historic estimate containing approximately 10,000 ounces of near-term gold production. This could present near-term cash-flow opportunities that can potentially fund future exploration.

    LAURION’s strong insider ownership, approximately 73.6 percent, underscores long-term alignment and confidence in the company’s strategic direction.

    LAURIOn Minerals examining rocks in a forested, rocky area with tools.

    TITAN MT and DCIP geophysical surveys completed over the Brenbar and Sturgeon River areas identified deep-rooted structural features, confirmed strong correlations with known mineralized zones and validated Laurion’s 3D geological model. The surveys also outlined several new priority drill targets within the 6-kilometre corridor.

    With a robust treasury, favourable technical fundamentals and excellent infrastructure, including highway access, power, water and a skilled local workforce, LAURION is well-positioned to advance Ishkōday toward future resource definition and development milestones. The company’s focus on consistent exploration results, derisking through permitting, and cultivating strategic partnerships contributes to a clear pathway for value creation.

    Company Highlights

    • Dual-mineralization, district-scale opportunity: The Ishkōday project features an uncommon pairing of two mineral systems in a single district: 1) a gold dominant orogenic system and gold with silver-zinc-copper epithermal system.
    • Brownfield advantage: Anchored by two historic past-producing mines within a 57 sq km land package in Ontario’s prolific Greenstone Belt.
    • Exceptional insider alignment: Approximately 73.6 percent insider, friends-and-family ownership demonstrates long-term confidence in the project.
    • Robust technical foundation: Nearly 100,000 metres of drilling, advanced 3D geological modeling, and partnerships with leading engineering, geoscience and ESG firms.
    • Near-term cash-flow potential: Surface stockpile and tailings with an historic estimation, containing roughly 10,000 ounces (280kt @ 1.14 g/t Au) of gold pending advanced exploration permit approval.
    • Strategic rerating and M&A appeal: Ongoing derisking, resource growth and permitting progress position Ishkōday as a future development or acquisition candidate in a Tier-1 jurisdiction.

    Key Project: Ishkōday Gold and Base Metal Project

    LAURION’s 100-percent-owned Ishkōday project is a 57 sq km brownfield exploration asset located 220 km northeast of Thunder Bay in Ontario’s prolific Greenstone Belt. The project hosts an extensive 6 km by 2.5 km mineralized corridor with both gold-dominant orogenic systems and gold with silver-zinc-copper epithermal-style mineralization. The project presents an uncommon dual-mineralization environment that materially expands discovery and development potential. Anchored by the historic Sturgeon River and Brenbar mines, Ishkōday offers a proven high-grade foundation alongside significant upside across multiple zones.

    LAURION Minerals

    Ishkōday geology overview

    Project Highlights

    • Large, continuously mineralized system with 22 defined mineralized structures modeled in 3D through modern drilling, geophysics, mapping and historical data integration.
    • Nearly 100,000 metres drilled to date, confirming strike continuity and depth potential across both gold and base metal zones.
    • High-grade gold legacy with historic production of 78,600 oz at grades exceeding 1 oz/ton from the Sturgeon River and Brenbar mines.
    • Recent high-grade drill results, including 12.89 grams per ton (g/t) gold over 2.00 m and 17.73 g/t gold over 1.40 m – LME23-034 near the Brenbar Shaft, expanding known mineralized envelopes.
    • Multiple target areas, including Sturgeon River Mine corridor, Brenbar corridor, A-Zone and McLeod Zone, each yielding strong gold and/or gold-base metal intercepts.
    • 63.93 m @ 0.58 g/t gold, 6.10 g/t silver, 1.92 percent zinc, 0.11percent copper (LBX20-003) Including 16.16 m @ 1.12 g/t gold, 16.61 g/t silver, 5.00 percent zinc.
    • Strong infrastructure advantages, with highway access, proximal power and water, and year-round accessibility, reducing exploration and future development costs.
    • Near-term monetization potential via ~280,000 tonnes of surface stockpiles/tailings historically grading ~1.14 g/t gold, representing ~10,000 ounces pending AEP approval and further technical studies.

    For investors, Ishkōday offers a strategic combination of scale, grade potential, infrastructure and near-term optionality. The district-scale mineralized corridor provides multiple avenues for resource growth, while the brownfield nature materially reduces geological and permitting risk.

    Map showing gold distribution in mines: Brenbar, Sturgeon River, A-Zone, and C-Zone with LAURION Minerals

    A total of 22 mineralized structures are currently defined in 3D (model)

    Dual mineralization provides exposure to both gold and key base metals. Combined with potential early cash flow from surface stockpiles and strong momentum toward the AEP, Ishkōday positions LAURION for significant value creation as it advances toward resource definition and future development milestones.

    ESG and Partnerships

    LAURION integrates ESG principles into its project development strategy through long-standing partnerships and transparent engagement practices. The company has established strong working relationships with the AZA, BNA and BZA First Nations. The company recognizes that First Nations engagement is essential not only for permitting, but also for building the community capacity required to support future mining operations, ensuring local employment, skills development and long-term project sustainability.

    LAURION also maintains a network of specialized technical and ESG partners, including Blue Heron Environmental for permitting and baseline studies, Onyen for ESG reporting, Ronacher McKenzie Geoscience for project management, and Nordmin for engineering support. The company’s relationship with Metals House provides future optionality for dore sourcing and bullion sales. These partnerships allow LAURION to operate efficiently while leveraging best-in-class expertise across exploration, engineering and environmental management.

    Management Team

    Cynthia Le Sueur-Aquin – President & CEO

    Cynthia Le Sueur-Aquin brings more than 45 years of mine management and international experience in the precious metals sector, with a background spanning global exploration and production operations.

    Tyler Dilney – Chief Financial Officer

    Tyler Dilney is a chartered professional accountant with over a decade of experience across the mining, technology, and oil and gas industries.

    Michael Burmi – Director

    Michael Burmi is an entrepreneur with 25 years of experience leading high-end technology manufacturing organizations. He has extensive expertise in scaling high-revenue, high-growth engineering and manufacturing operations, contributing strategic and operational insight to LAURION’s board.

    Jonathan Covello – Director

    Jonathan Covello is CEO and president of Covello Financial Group and has deep experience in raising strategic capital across global markets, including within the mining industry.

    Vikram Jayaraman – Director

    Vikram Jayaraman holds a Masters in Metallurgy from McGill University and an MBA from the University of Toronto. Formerly the vice-president of Solutions Sales at Outotec, he brings global experience in process solutions and mining-sector commercialization to LAURION s board.

    This post appeared first on investingnews.com

    AT&T turned over private, personal cellphone records belonging to then-Speaker of the House Kevin McCarthy to then-Special Counsel Jack Smith in January 2023 amid his investigation into the Jan. 6, 2021, Capitol riot, Fox News Digital has learned.

    Fox News Digital first reported Thursday that Smith subpoenaed AT&T for McCarthy’s records, but AT&T had indicated to Senate Judiciary Committee Chairman Chuck Grassley that the company had not shared any of the former speaker’s phone records.

    But Fox News Digital exclusively obtained a letter AT&T sent to Grassley, R-Iowa, citing the previous reporting, which led the telecommunications company to review the case and change its response.

    Smith, on Jan. 24, 2023, allegedly sought the ‘toll records for the personal cell phones of U.S. Speaker of the House Kevin McCarthy (AT&T) and U.S. Representative Louie Gohmert (Verizon.)’

    The information was included as part of a ‘significant case notification’ drafted by the FBI’s Criminal Investigative Division May 25, 2023.

    AT&T, though, notified Grassley that the company received a subpoena for McCarthy’s records in January 2023 — separate from the May 2023 subpoena for other toll records, and allegedly inadvertently supplied those personal cellphone records to Smith.

    ‘AT&T is producing today a January 23, 2023 grand jury subpoena issued by former Special Counsel Jack Smith to AT&T, also accompanied by a non-disclosure order relating to the subpoena,’ AT&T wrote.

    AT&T referenced Fox News Digital’s exclusive reporting on the subpoena.

    ‘We identified (the subpoena) yesterday as such based on the phone number in the subpoena,’ the company continued. ‘Based on this newly found record, we write to correct our October 24, 2025 response, which was based (on) a reasonable review of our records at that time.’ 

    ‘AT&T’s Global Legal Demand Center receives hundreds of thousands of legal demands each year, and unlike the May 2023 subpoena discussed in our October 24 response, the subpoena we produced today did not seek records from a campaign account,’ AT&T explained.

    ‘Rather, as confirmed from press accounts, the subpoena sought records for a personal cellular phone number,’ AT&T continued. ‘It also did not in any way indicate that the information sought related to a member of Congress. As a result, the subpoena processing center had no reason to believe that the phone number was associated with a member of Congress, and AT&T did not make further inquiries to the Special Counsel and produced the information as required by the subpoena.’

    Former House Speaker Kevin McCarthy told Fox News Digital that ‘Jack Smith broke the law and seized my phone records as Speaker of the House.’

    ‘If corrupt justice will do it to the Speaker, they’ll do it to anyone,’ he said. ‘The DOJ has the authority and responsibility to hold him accountable.’

    Lawyers for Smith declined to comment.

    AT&T had initially told Grassley that when the company received the May 2023 request for records it ‘raised questions with Special Counsel Smith’s office concerning the legal basis for seeking records of members of Congress, the Special Counsel did not pursue the subpoena further, and no records were produced.’

    AT&T had also stressed that the company ‘has not produced any records or other information to Special Counsel Jack Smith’ relating to ‘any member of Congress.’

    The revelations come after Fox News Digital exclusively reported in October that Smith and his ‘Arctic Frost’ team investigating the Jan. 6, 2021, Capitol riots were tracking the private communications and phone calls of nearly a dozen Republican senators as part of the probe, including Sens. Lindsey Graham of South Carolina, Marsha Blackburn of Tennessee, Ron Johnson of Wisconsin, Josh Hawley of Missouri, Cynthia Lummis of Wyoming, Bill Hagerty of Tennessee, Dan Sullivan of Alaska, Tommy Tuberville of Alabama and GOP Rep. Mike Kelly of Pennsylvania.

    An official told Fox News Digital that those records were collected in 2023 by Smith and his team after subpoenaing major telephone providers. 

    Smith has called his decision to subpoena and track Republican lawmakers’ phone records ‘entirely proper’ and consistent with Justice Department policy.

    ‘As described by various Senators, the toll data collection was narrowly tailored and limited to the four days from January 4, 2021 to January 7, 2021, with a focus on telephonic activity during the period immediately surrounding the January 6 riots at the U.S. Capitol,’ Smith’s lawyers wrote in October to Grassley.

    Grassley and Sen. Ron Johnson, R-Wis., are investigating ‘Arctic Frost.’ 

    ‘Arctic Frost’ was opened inside the bureau April 13, 2022. Smith was appointed as special counsel to take over the probe in November 2022. 

    An FBI official told Fox News Digital that ‘Arctic Frost’ is a ‘prohibited case,’ and that the review required FBI officials to go ‘above and beyond in order to deliver on this promise of transparency.’ The discovery is part of a broader ongoing review, Fox News Digital has learned.

    Smith, after months of investigating, charged President Donald Trump in the U.S. District Court for Washington, D.C., in his 2020 election case, but after Trump was elected president, Smith sought to dismiss the case. Judge Tanya Chutkan granted that request. 

    Smith’s case cost taxpayers more than $50 million. 


    This post appeared first on FOX NEWS

    Republican legislation brewing in the House of Representatives aimed at addressing civil litigation transparency is sparking concern from some conservative organizations that fear it could chill donor participation and make it more difficult for Americans of modest means to hold ‘woke’ companies accountable. 

    In a letter sent earlier this week, Tea Party Patriots Action urged the House Judiciary Committee to reject HR 1109, introduced by GOP Reps. Darrell Issa, Scott Fitzgerald, and Mike Collins, which is known as the Litigation Transparency Act of 2025 and is aimed at ensuring greater transparency in civil litigation, requiring parties receiving payment in lawsuits to disclose their identity. 

    The letter warns that ‘sweeping disclosure mandates in this bill threaten our core American principles of personal privacy, confidentiality, and freedom of speech and association.’

    ‘This legislation would require litigants to preemptively disclose detailed information about private financial arrangements, such as litigation funding agreements, independent from the discovery process and without any finding of relevance by a judge,’ the letter, signed by over a dozen conservative groups including America First Legal, Defending Education, Heartland Institute, former treasurer of Ohio Ken Blackwell, and American Energy Institute, states. 

    ‘The bill’s forced disclosure mandates would broadly apply to any number of political organizations, religious groups, law firms, or individual plaintiffs that rely on outside support to vindicate their rights.

    ‘If adopted, H.R. 1109 will have a chilling effect on free speech and association and directly threaten the privacy rights of Americans,’ the letter warns. ‘The end result will be fewer Americans having the resources or willingness to bring legitimate claims, which threatens to undermine future legal battles over issues critical to our movement.’

    ‘The privacy interests at stake here are not abstract. We have seen how disclosure regimes can be easily weaponized by bad actors, particularly those seeking to attack and intimidate political opponents.’

    Issa told Fox News Digital on Thursday afternoon that there is ‘misinformation’ circulating about what the bill actually does and there will be a ‘small update tomorrow to clarify one item.’

    ‘What’s actually happened is language has been put in to assure groups that we’re not looking to overturn NAACP v. Alabama or any of the other historical 501c privileges that you don’t turn over your donor list and so on,’ Issa said. ‘That was something that Obama and Biden tried to do a couple of times. We want nothing to do with that. We’re only asking that if there is a material funder slash partner in a lawsuit, that they be disclosed.’

    I fully respect and appreciate the concerns of people who want to make sure that this does not turn into a burdensome discovery of, for example, a nonprofit’s hundreds, thousands or millions of donors,’ Issa explained. 

    ‘We share the concern of all these groups that we wanted to make sure we believed we were on solid ground as written but in an abundance of caution, my staff and all the parties worked to try to come up with the most straightforward, effective way to say, of course, you don’t have to disclose your donors.’

    Proponents of the legislation, including the U.S. Chamber of Commerce, call it a ‘vital step toward ensuring that our legal system remains a tool for justice rather than being a playground for hidden financial interests.’

    In his press release announcing the legislation in February, Issa said, ‘Our legislation targets serious and continuing abuses in our litigation system that distort our system of justice by obscuring public detection and exploiting loopholes in the law for financial gain.’

    ‘Our approach will achieve a far better standard of transparency in the courts that people deserve, and our standard of law requires. We fundamentally believe that if a third-party investor is financing a lawsuit in federal court, it should be disclosed rather than hidden from the world and left absent from the facts of a case.’  

    The press release explained that hundreds of cases a year involve civil litigation funded by undisclosed-third-party interests as an investment for return from hedge funds, commercial lenders and sovereign wealth funds through shell companies and that there are often investor-backed entities who seek hefty settlements from American companies that end up ‘distorting the free market and stifling innovation.’

    The conversation about the legislation reignites an ongoing showdown between insurers and large corporations who have made the case that third-party funding drives abusive suits and inflated settlements therefore needing more visibility into funders of litigation and limits to speculative investment in lawsuits against advocacy-oriented nonprofits and legal networks, who argue they are the only mechanism for those without deep pockets to take legal action against well funded companies. 

    Many advocacy-oriented nonprofits and legal networks don’t simply hand over charitable donations to a lawsuit but instead use structured litigation vehicles, limited liability companies, donor-advised funds, or legal-defense trusts,  that front the costs of a case and are reimbursed, sometimes with interest, if the case wins or settles. The process is known as non-recourse or outcome-contingent funding, meaning the funder only gets money back if the case succeeds.

    Nonprofits like Consumers’ Research have been using litigation finance in recent years to push back against ‘woke capitalism’ to counter ESG and DEI policies and the group’s executive director, Will Hild, told Fox News Digital that it has been ‘all too easy for major companies to use their outsized influence and powerful market shares to push an ideological agenda with little to no recourse.’

    Hild told Fox News Digital he views the legislation an ‘attack’ on one of the ‘few tools Americans have to hold powerful, woke corporations accountable.’

    Hild added, ‘Even worse, it imposes dangerous disclosure mandates that would force plaintiffs to expose confidential litigation funding agreements. This bill blatantly tips the scales in favor of woke corporations and makes it far harder for victims to secure the resources they need to fight back.’

    The letter from the conservative groups also expresses fear that ‘compelled disclosure of private financial arrangements would force litigants to unveil the identity of donors — violating donor privacy rights and exposing them to threats of harassment and retaliation.’

    In a Tuesday op-ed in The Hill opposing the legislation, Alliance Defending Freedom founder Alan Sears pointed to Supreme Court decisions that he says have ‘affirmed that forced disclosure of private association undermines fundamental freedoms.’

    In a statement to Fox News Digital, Rep. Fitzgerald said, ‘As reiterated to these groups in multiple discussions, it remains Congress’ intent to protect the First Amendment rights of those who contribute to political groups and religious organizations, consistent with the Supreme Court’s opinion in Citizens’ United.’

    Organizations that have endorsed the bill have pointed to concerns about foreign funding in courtrooms, specifically from China, including High Tech Investors Alliance who said in a press release they ‘commend’ the legislators who put it forward for ‘defending American businesses against the exploitation of our courts by foreign adversaries and unscrupulous hedge funds.’

    ‘For too long, a lack of transparency has allowed shell entities to manipulate the legal system to prey on American employers, concealing their predatory practices and identities of their financial backers,’ HTIA said. ‘As President Trump takes bold action against aggressive economic maneuvers by China and other countries, Congress must also act decisively to protect our judges and juries from becoming tools in the economic warfare waged by antagonists.’

    Leonard Leo, who operates a vast network of conservative nonprofits and is tied to Consumers’ Research, told Politico earlier this year that ‘while there are areas, like mass tort, where litigation financing has been abused, and could be reformed, it has always been a critical tool for the conservative movement to advance the public good by taking on the liberal woke agenda.’

    The House Judiciary Committee did not mark the bill up Tuesday and Fox News Digital is told it will be marked up on Thursday at 12 p.m. 

    ‘If someone is acting as a principal litigant, either directly or one step removed, then you have a right to face them, you have the right to cross-examine them, you have a right to know if they receive your trade secrets that were exposed and disclosed in litigation, these things are all important,’ Issa said, adding that the legislation does not require materials to be turned over to the defendant and a judge can review them in camera, a legal term for in private.

    Issa continued, ‘We just want to make sure that the judge knows that just as the markman is a required part of determining what a patent means, that it’s a responsibility of the judge to determine who the litigants are and, as appropriate, disclosing them is required — and that last part has always been ignored a little bit, we’re only making sure that that discovery is asked for and evaluated at a minimum by the judge or magistrate overseeing the case.’


    This post appeared first on FOX NEWS

    Here’s a quick recap of the crypto landscape for Monday (November 17) as of 9:00 p.m. UTC.

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

    Bitcoin and Ether price update

    Bitcoin (BTC) was priced at US$91,908.72, a 2.4 percent decrease in 24 hours. Its lowest valuation of the day was US$91,337.98, while its highest was US$95,399.48.

    Bitcoin price performance, November 17, 2025.

    Bitcoin price performance, November 17, 2025.

    Chart via TradingView.

    Bitcoin’s weekend slide reset market sentiment to “extreme fear,” extending a drawdown that has erased more than US$600 billion from the cryptocurrency’s market value since a record seen in October.

    The speed of the retreat has unsettled even longtime traders, especially after Bitcoin spent much of the year buoyed by Wall Street inflows, exchange-traded fund (ETF) demand and renewed political support in the US.

    SchiffGold founder Peter Schiff urged investors on X to “sell Bitcoin now and buy gold before you get mauled,’ noting gold’s rally above US$4,100 per ounce in early Asian trading, while Bitcoin was “struggling to hold US$93,000.”

    Adding to the unease, Bitcoin’s futures-to-spot basis flipped negative on Monday, meaning futures prices fell below spot for the first time since March. The shift signals traders’ growing caution and a reluctance to deploy leverage.

    However, some analysts contend that Bitcoin’s price dip is a structural reset, not a bearish collapse, caused by leverage, liquidity rotation and mechanical market flows.

    Meanwhile, Ether (ETH) was priced at US$3,001.94, a 3 percent decrease in the last 24 hours. Its lowest valuation of the day was US$2,960.75, while its highest was US$3,190.38.

    Altcoin price update

    • Solana (SOL) was priced at US$130.22, trading 4.9 percent lower over the last 24 hours. Its lowest valuation of the day was US$129.33, while its highest was US$141.45.
    • XRP was trading for US$2.14, down by 3.1 percent over the last 24 hours. Its lowest valuation of the day was US$2.12, while its highest was US$2.28.

    Crypto derivatives and market indicators

    Monday’s crypto market performance reveals continued pressure and cautious investor sentiment.

    Bitcoin futures open interest has declined slightly by 0.06 percent, to US$66.06 billion, in the last four hours of trading, while Ether experienced a sharper 0.98 percent pullback to US$37.13 billion. This contraction in open interest suggests some unwinding or de-risking among derivatives traders heading into the close of the trading day.

    Investor losses were concentrated primarily in long futures positions, with Bitcoin losing approximately US$177.57 million and Ether around US$63.4 million over the same period. The dominance of losses on the long side indicates selling pressure or profit taking amid a bearish or cautious market tone.

    Funding rates remained positive but modest, with Bitcoin at 0.009 and Ether at 0.007, signaling ongoing but restrained demand for leverage on the long side without extreme bullishness.

    Meanwhile, Bitcoin’s relative strength index (RSI) sits at 30.66, nearing oversold territory, which aligns with technical signals of weakening momentum, but also hints at a potential near-term rebound or consolidation.

    Overall, Monday’s derivatives data underscores cautiously bearish sentiment with selective de-risking by Bitcoin and Ether futures holders, particularly longs, amid continued price pressure.

    The low RSI for Bitcoin and contracting open interest reflect potential market fatigue, while still-positive funding rates imply some continued belief in price recovery or stability ahead.

    Today’s crypto news to know

    US spot Bitcoin ETFs log US$1.11 billion in outflows

    US spot Bitcoin ETFs recorded a third straight week of redemptions, with investors pulling roughly US$1.11 billion from November 10 to 14. The iShares Bitcoin Trust ETF (NASDAQ:IBIT) accounted for the largest share, shedding more than half a billion dollars in net outflows. The Grayscale Bitcoin Mini Trust ETF (ARCA:BTC) also saw heavy withdrawals as investors exercised caution despite its large historical asset base.

    The continued drawdowns pushed total spot Bitcoin ETF assets to around US$125 billion, representing just under 7 percent of Bitcoin’s market capitalization. Rising political and macro uncertainty has dampened demand for cryptocurrencies, particularly after concerns surrounding a potential US tariff plan.

    CZ floats plan to reinvest any returned portion of US$4.3 billion Binance fine

    Former Binance CEO Changpeng Zhao has signaled that if the US government ever refunds any part of a US$4.3 billion settlement paid by Binance, he will direct the money back into American industries.

    Zhao, who is commonly known as CZ, made the remark on X after public discussion about whether Zhao’s pardon from the Trump administration will affect the status of corporate financial penalties. He clarified that he has not asked for any reimbursement and acknowledged that expecting a refund would be unrealistic.

    Legal analysts note that his personal pardon does not automatically void Binance’s corporate settlement, which stemmed from anti-money laundering and sanctions failures. The pardon has also generated accusations of impropriety, including claims of hidden crypto payments to the Trump campaign.

    Figment launches new stablecoin staking project

    Figment, an independent blockchain staking provider, announced the launch of OpenTrade Stablecoin Staking Yield, a new product offering an average 15 percent APR on stablecoins.

    According to a Monday press release, the new product, launched in partnership with OpenTrade and custodian Crypto.com, uses SOL staking combined with hedging through perpetual futures contracts to protect investors from the price volatility of SOL, delivering returns more than double typical staking yields.

    The assets are held in segregated custody with legal protections and institutional-grade security, addressing risks common in DeFi lending. Investors can deposit stablecoins through Figment’s platform, start earning interest immediately and withdraw anytime. The company says the product offers institutions a safer, predictable way to earn high stablecoin yields, blending blockchain rewards with traditional financial protections.

    Cboe to launch continuous Bitcoin and Ether futures contracts

    Cboe Global Markets is set to launch continuous futures contracts for Bitcoin and Ether on December 15, according to a Monday press release, bringing regulated, perpetual-style crypto futures to the US market.

    These 10 year contracts will feature daily cash adjustments to mimic the economics of perpetual futures, allowing traders to avoid the hassle of rolling over expiring positions.

    Cleared through Cboe, with margin rules aligned to Commodity Futures Trading Commission standards, these contracts will offer tools like volatility hedging, capital efficiency, tactical trading and short exposure. Pending regulatory approval, the new contracts will trade nearly around the clock, five days a week.

    New report flags billions in illicit crypto flows

    A new investigative report from the International Consortium of Investigative Journalists claims that major exchanges continued handling funds linked to organized crime even while under heightened US scrutiny.

    The review of transaction records between 2023 and 2025 found that platforms such as Binance and OKX processed large volumes of transfers tied to scam networks, drug-trafficking groups and state-backed hacking operations.

    Binance allegedly received more than US$400 million from accounts connected to Huione Group, a Cambodia-based hub widely used by Chinese criminal gangs. Meanwhile, OKX was linked to over US$200 million from the same network, including flows that continued after Huione was labeled a primary money-laundering concern by US authorities.

    The report also traces stolen funds from a US$1.5 billion North Korean hacking spree, identifying surges of deposits into Binance addresses routed through THORChain. Additional cases tied some exchanges to fentanyl traffickers, cartel-linked launderers and entities supporting North Korea’s weapons program.

    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

    President Donald Trump said Wednesday that officials who pushed radical climate change policies should be immediately investigated.

    While speaking at the U.S.-Saudi Investment Forum in Washington, D.C., Trump said the American people rejected ‘failed’ far-left models, including regulation aimed at curbing climate change.

    The event, which was held at the Kennedy Center, aims to bring together ‘visionaries, leaders, and changemakers shaping the future of global investment,’ according to its website. Speakers include Saudi Crown Prince Mohammed bin Salman, Commerce Secretary Howard Lutnick, Nvidia founder and CEO Jensen Huang, Pfizer Chairman and CEO Dr. Albert Bourla and several other heavy hitters.

    Trump went through climate activists’ change in terminology, noting that what is now called ‘climate change’ was once called ‘global warming.’

    ‘Perfect words, ‘climate change.’ They’re covered if it rains, if it snows, if it’s warm, it’s climate change, ‘it’s destroying the world,” Trump said. He later remarked, ‘It’s a little conspiracy out there. We have to investigate them immediately. They probably are being investigated.’

    ‘Their policies punish success, rewarded failure and produced disaster, including the worst inflation in our country’s history,’ Trump added.

    While it was not immediately clear who Trump was referencing when he called for an investigation, he has spoken out against the Green New Deal, which he calls the ‘Green New Scam.’

    Trump issued a proclamation declaring October ‘National Energy Dominance Month.’ In his proclamation, Trump lamented the Biden administration’s ‘war on American energy,’ saying that ‘the Green New Scam shuttered dozens of coal plants leaving our power grid vulnerable, halted mining productions, and shipped our energy jobs from Texas to Tehran, from the Midwest to Moscow, and from Baton Rouge to Beijing.’

    Additionally, on Earth Day, the White House declared that, ‘Unlike the previous administration, which wasted billions of taxpayer dollars on virtue signaling and ineffective grifts, the Trump administration’s policies are rooted in the belief that Americans are the best stewards of our vast natural resources — no ‘Green New Scam’ required.’ 

    The White House article listed Trump’s environment-related policies, such as the promotion of U.S. energy dominance, his support for forest management and his actions to protect public lands.

    During his remarks on Wednesday, Trump declared that, under his administration, ‘America is back and America is open for business. And America is actually stronger than it’s ever been before.’

    On Tuesday, MBS committed his country to increasing its planned investment in the U.S. economy to nearly $1 trillion over the next year. Trump welcomed the investment, saying it was ‘great.’

    ‘You know, that’s great. I appreciate that. That’s great. We’re doing numbers that nobody’s ever done. And in all fairness, if you didn’t see potential in the U.S., you wouldn’t be doing it,’ Trump said.

    ‘Definitely,’ MBS replied.

    Fox News Digital’s Anders Hagstrom contributed to this report.


    This post appeared first on FOX NEWS

    Americans are bracing for their healthcare premiums to increase in 2026 amid uncertainty stemming from whether Affordable Care Act (ACA) subsidies about to expire at the end of 2025 will receive an extension. 

    Those shopping on the ACA marketplace already are expected to face a 26% premium price increase in 2026, and if the potential government subsidies expire, monthly payments for subsidized patients could increase by 114%, according to an analysis from the Kaiser Family Foundation released in October. 

    But the potential lapse in government subsidies, which seek to lower monthly payments for patients, isn’t the only reason for rising premium prices. At the crux of the issue is that the ACA’s foundation includes several inflationary provisions that are driving up healthcare costs, according to experts. 

    ‘Obamacare does more to increase prices,’ Michael Cannon, director of health policy studies at the Washington-based libertarian-leaning Cato Institute think tank, told Fox News Digital Monday. 

    ‘It increases prices on healthy people by requiring them to pay double or triple what they should have to pay for health insurance, and it requires everybody who enrolls in Obamacare to buy more comprehensive coverage than they probably would if you gave them the money.’ 

    1. Guaranteed coverage 

    One provision included in the ACA is the guaranteed issue, which requires that insurers provide coverage to anyone without factoring in their health status or age. 

    This is a factor that ramps up the cost of premiums, according to Sally Pipes, the president of the free market think tank Pacific Policy Institute.

    ‘As older patients use a lot more healthcare than the young and cost insurers a lot more in claims, premiums have to rise to cover their loss on the older enrollees,’ Pipes said in a statement Monday to Fox News Digital. 

    2. Community rating rule 

    Coupled with this provision is the community rating rule, which bans insurers from charging older people more than three times what they do younger people — regardless of their health status.

    This essentially amounts to a system of government price controls because it requires insurance companies to charge two people of the same age on the same healthcare plan the same premium, even if one is healthy and the other is sick, according to Cannon. 

    ‘That is a price floor for the healthy person, because the price can’t go below whatever you charge the sick person, and it’s a price ceiling for the sick person, because the price can’t go above whatever you charge the healthy person,’ Cannon said. ‘And so the centerpiece of Obamacare is really just price controls, where you set the price too high in one area and too low in the other area.’ 

    3. Mandated service coverage 

    Additionally, the ACA has an ‘essential’ health benefits requirement that stipulates health insurance plans must cover certain services, including inpatient and outpatient hospital care, mental health services, prescription drug coverage and more.

    ‘This means enrollees have to buy a plan that covers each benefit, regardless of whether they want that benefit or not,’ Pipes said. ‘If an individual family wants a plan that doesn’t cover alcohol rehabilitation or hair prostheses, they still have to pay to cover these benefits. They add tremendously to the cost of coverage.’ 

    Meanwhile, Republicans and Democrats have been at odds over extending ACA subsidies, ultimately prompting the government shutdown, which lasted more than 40 days and was the longest in U.S. history. Democrats refused for weeks to back a measure without a provision to permanently extend the ACA subsidies, which will expire at the end of 2025.

    But, ultimately, Democrats got behind a short-term spending bill that does not extend these subsidies by the end of the year. Even so, Senate Majority Leader John Thune, R-S.D., agreed to a vote in December on legislation that would continue these credits.

    The Biden administration first introduced the COVID-era subsidies under the American Rescue Plan Act passed in March 2021, which was subsequently extended the following year under the Inflation Reduction Act.

    Meanwhile, Trump has signaled he won’t back continuing the subsidies and said in a social media post Tuesday that Congress shouldn’t ‘waste’ its time on negotiating an extension. 

    ‘THE ONLY HEALTHCARE I WILL SUPPORT OR APPROVE IS SENDING THE MONEY DIRECTLY BACK TO THE PEOPLE,’ Trump said in the post.


    This post appeared first on FOX NEWS

    President Donald Trump may have made amends with SpaceX and Tesla CEO Elon Musk, after referencing the billionaire in a speech Wednesday and after Musk attended a dinner at the White House Tuesday evening. 

    While the two publicly exchanged harsh words in the spring after Musk left his post heading up the Department of Government Efficiency (DOGE), tensions appear to have simmered in the following months. 

    ‘You’re so lucky I’m with you, Elon. I’ll tell you. Has he ever thanked me properly?’ Trump said at the U.S.-Saudi Investment Forum on Wednesday in Washington. ‘Although I do let him buy other than electric cars, but these are minor details. You know, we had a mandate which even Elon thought was ridiculous, that everybody has to have an electric car by 2030. And once, fortunately, he said, that’s a ridiculous thing.’ 

    Trump’s comments came while discussing a portion of his massive tax and domestic policy measure known as the one ‘big, beautiful bill’ that he signed in July, which included a new tax deduction on car loan interest for purchases made between 2025 and 2028 permitting car buyers the ability to write off up to $10,000 annually in interest for certain loans on brand new cars.

    After Trump’s speech, Musk posted on X: ‘I would like to thank President Trump for all he has done for America and the world.’ 

    Tension between Trump and Musk reached an all-time high in May after the two publicly aired their differences regarding the ‘big, beautiful, bill.’ Musk was highly critical of the measure amid reports the measure would increase the federal deficit, while Trump Musk’s disdain for the bill was due to a provision that eliminated an electric vehicle tax credit that benefited companies like Tesla.

    The two hurled insults against one another in May and June, with Musk claiming that Trump wouldn’t have won the 2024 election without the billionaire’s support. Meanwhile, Trump accused Musk of going ‘CRAZY’ over cuts to the electric vehicle credits, and said that Musk had been ‘wearing thin.’

    However, the two were seen together at conservative activist Charlie Kirk’s funeral in Arizona in September. 

    Musk also appeared at the White House Tuesday for a dinner during Saudi Crown Prince Mohammed bin Salman’s visit to Washington. Other tech executives who attended the dinner included Apple CEO Tim Cook and Dell CEO Michael Dell. 

    The White House and Musk did not immediately respond to a request for comment from Fox News Digital. 


    This post appeared first on FOX NEWS