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Peter Krauth, editor of Silver Stock Investor and Silver Advisor, shares his thoughts on silver price activity and where the white metal is in the cycle.

He believes the awareness phase is just beginning, with mania still relatively far in the future.

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

This post appeared first on investingnews.com

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    The tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) navigated a volatile week.

    Early week caution gave way to a rebound by Monday’s close (March 2), with the Nasdaq eking out a small gain led by defense and tech stocks. On Tuesday (March 3), the Trump administration’s plans to secure the Strait of Hormuz shipping lanes helped pare losses, with major indexes closing down but less severely.

    US services PMI on Wednesday (March 4) showed the fastest expansion since mid-2022, supporting gains; however, the Nasdaq rose only slightly, with gains capped by lingering oil price worries.

    Markets plunged on Thursday (March 5) after an Iranian missile strike on an oil tanker in the Persian Gulf intensified concerns of conflict longevity and supply constraints. The price of oil surged to its biggest weekly gain since 2022, with analysts forecasting further increases if the Strait of Hormuz stays disrupted beyond 3 – 4 weeks.

    Also on Thursday, reports surfaced that the administration was considering new rules requiring US approval for AI chips shipped abroad, which hit Nasdaq heavyweights NVIDIA (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). This revelation followed earlier reports that officials were considering limiting purchases of Nvidia’s H200 chips and AMD’s MI325 chips, which have similar capabilities, to Chinese companies, capping them at 75,000 chips per firm.

    Friday’s (March 6) jobs report for February boosted rate-cut odds but fueled recession fears. The report showed nonfarm payrolls dropped by 92,000, a stark contrast to the forecasted 50,000 to 60,000 added jobs. Additionally, unemployment increased to 4.4 percent, signaling that the labor market is cooling faster than expected.

    These macroeconomic pressures and geopolitical uncertainty exerted a palpable weight on financial markets, heavily impacting volatility-sensitive tech stocks.

    3 tech stocks moving markets this week

    1. Intuit (NASDAQ:INTU)

    Intuit had a strong week, finishing up 25.08 percent as investors rotated into defensive fintech and software amid weakness in the capital-intensive and cyclical semiconductor sector.

    Zacks Investment Research explained Intuit’s stock rise as a gain driven by analyst upgrades and price target hikes. Piper Sandler raised its price target on Intuit to US$780 and maintained an Overweight rating. Susquehanna also raised its target to US$850 and kept a Positive rating. Meanwhile, TD Cowen cut its target to US$633 but reiterated Buy.

    Analysts cited Intuit’s strong AI-driven results from last week’s Q2 earnings and highlighted growth in the company’s GBS Online Ecosystem, Desktop Ecosystem and Credit Karma.

    2. Palantir Technologies (NASDAQ:PLTR)

    Palantir gained alongside other defense stocks as Mideast tensions boosted demand for defense AI. Shares rose more than five percent on Monday, while analysts at Wedbush named it a top pick on Thursday with a US$75 price target. Palantir gained 17.22 percent for the week.

    2. AppLovin (NASDAQ:APP)

    AppLovin ranked third for this week’s gainers, closing 16.29 percent higher on Arete’s upgrade to neutral from sell, with an adjusted price target down to US$340 From US$458. Speculation about AppLovin potentially launching a competing app to rival TikTok may have further contributed to the gains.

    Intuit, Palantir Technologies and AppLoving stock performance, March 2 to 6, 2026.

    Intuit, Palantir Technologies and AppLoving stock performance, March 2 to 6, 2026.

    Chart via Google Finance.

    Top tech news of the week

              • Shares of Lumentum Holdings and Coherent jumped on Monday after NVIDIA said it would invest US$2 billion in each company to accelerate the development of advanced optics and laser technologies for AI data centers.

                    Tech ETF performance

                    Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

                    This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 5.91 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) lost five percent.

                    The VanEck Semiconductor ETF (NASDAQ:SMH) also decreased by 4.21 percent.

                    Tech news to watch next week

                    Investors face a pivotal week ahead, headlined by Monday’s (March 9) release of the NY Fed’s one-year inflation expectations and the highly anticipated February CPI report on Wednesday (March 11), which could provide a key signal for the Fed’s next move.

                    Later in the week, Thursday’s (March 12) jobless claims will be under the microscope to see if February’s labor trends hold steady. On the corporate side, it’s a big week for software and cloud infrastructure, with Oracle, Hewlett Packard Enterprise, and Constellation Software reporting Monday, followed by Adobe (NASDAQ:ADBE) on Thursday.

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

                    This post appeared first on investingnews.com

                    InMed Pharmaceuticals Inc. (NASDAQ: INM) (‘InMed’ or the ‘Company’), a pharmaceutical company focused on developing a pipeline of disease-modifying small molecule drug candidates that target CB1CB2 receptors, today announced an update regarding BayMedica LLC (‘BayMedica’), a wholly owned subsidiary of the Company, in light of ongoing uncertainty surrounding U.S. federal legislation.

                    As previously announced, H.R. 5371, the ‘Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026’ (the ‘Act‘) in its current form and without further amendment, will have a material negative impact on BayMedica. Specifically, certain aspects of BayMedica’s commercial business and its inventory of rare, non-intoxicating cannabinoids would be prohibited under the Act if it becomes effective as planned on November 12, 2026.

                    On March 4, 2026, after considering all reasonably available options and a broader strategic assessment, the Company’s board of directors (the ‘Board‘) ratified, confirmed and approved the decision of the board of directors of BayMedica to wind down and exit BayMedica’s commercial operations business segment (‘commercial operations‘). BayMedica intends to substantially complete the wind down and exit prior to the end of its fiscal year ending June 30, 2026. During the interim period leading to the completion of operational wind down, BayMedica will continue its commercial operations including sales, marketing, limited manufacturing, and logistics.

                    Following the wind down of commercial operations, the Company will focus exclusively on advancing its core drug development programs, including INM-901 for Alzheimer’s disease and INM-089 for dry age-related macular degeneration, towards IND filings and initial human clinical trials. The Company intends to provide shareholders with an update on its pharmaceutical pipeline in the near term.

                    Eric A. Adams, Chief Executive Officer of InMed, commented, ‘Following an extensive evaluation of BayMedica’s commercial outlook amid increasing regulatory uncertainty, BayMedica’s leadership determined to wind down its commercial activities. After careful review, the Board agreed that this strategic step is warranted given the current legislative environment and, further, enables InMed to focus its full internal resources on the development and advancement of our proprietary pharmaceutical drug development programs, which have the greatest potential to deliver long-term shareholder value.’

                    Operational and Financial Impact

                    The wind down of BayMedica’s commercial operations will be executed in an orderly manner designed to minimize disruption to customers, suppliers, and employees. BayMedica’s management team is developing a transition plan that will be communicated to affected stakeholders, and the Company currently expects the process to be completed within the coming months. BayMedica is expected to incur severance and other employee-related costs of approximately $550,000 and expects to incur additional related expenditures of approximately $120,000 through the end of this fiscal year ending June 30, 2026. These expenditures are expected to be partially offset by the profits from the sale of BayMedica’s products.

                    The Company has outlined the current financial implications, including unaudited pro forma consolidated financial information, in a Form 8-K filed with the U.S. Securities and Exchange Commission (the ‘SEC‘) on March 6, 2026. InMed expects to provide additional updates, as appropriate, in future earnings releases and periodic filings with the SEC.

                    About InMed:

                    InMed Pharmaceuticals is a pharmaceutical company focused on developing a pipeline of proprietary small molecule drug candidates targeting the CB1/CB2 receptors. InMed’s pipeline consists of three separate programs in the treatment of Alzheimer’s, ocular and dermatological indications. For more information, visit www.inmedpharma.com.

                    Investor Contact:
                    Colin Clancy
                    Vice President, Investor Relations
                    and Corporate Communications
                    T: +1.604.416.0999
                    E: ir@inmedpharma.com

                    Cautionary Note Regarding Forward-Looking Information:

                    This news release contains ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking information’) within the meaning of applicable securities laws. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘potential’, ‘possible’, ‘would’ and similar expressions. Such statements, based as they are on current expectations of management, inherently involve numerous risks, uncertainties and assumptions, known and unknown, many of which are beyond our control. Forward-looking information is based on management’s current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Without limiting the foregoing, forward-looking information in this news release includes, but is not limited to, statements about: developing a pipeline of disease-modifying small molecule drug candidates that target CB1/CB2 receptors, statements about the Act, the impact of the Act on BayMedica, decision of the board members of BayMedica to wind down and exit BayMedica’s commercial operations business segment as well as financial and operational impact on the wind-down of BayMedica commercial operations.

                    Additionally, there are known and unknown risk factors which could cause InMed’s actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing InMed’s business is disclosed in InMed’s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission on www.sec.gov.

                    All forward-looking information herein is qualified in its entirety by this cautionary statement, and InMed disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

                    Corporate Logo

                    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286536

                    News Provided by TMX Newsfile via QuoteMedia

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                    When War Secretary Pete Hegseth was asked recently whether U.S. forces would ever move to secure enriched uranium reportedly stored at Iran’s Isfahan nuclear complex, he declined to say, citing operational security.

                    The exchange highlighted a question the U.S. and Israel’s air campaign alone cannot answer: even if U.S. strikes degrade Iran’s nuclear infrastructure, who would physically secure the enriched uranium, and how?

                    Iran is believed to possess a significant stockpile of uranium enriched to 60%, near weapons-grade. That material could theoretically be used in multiple nuclear devices if further refined. 

                    Moving from 60% to weapons-grade 90% enrichment requires additional processing, and weaponization would involve further technical steps. But analysts say the more immediate issue is physical control of the material itself.

                    ‘If the U.S. wants to secure Iran’s nuclear materials, it’s going to require a massive ground operation,’ Kelsey Davenport, director of nonproliferation policy at the Arms Control Association, told Fox News Digital.

                    Davenport said the highly enriched uranium believed to be stored at Isfahan appears to be deeply buried and contained in relatively mobile canisters. Securing it would likely require locating the full stockpile, accessing underground facilities and safely extracting or downblending the material.

                    ‘It’s not even clear the United States knows where all of the uranium is,’ she said, noting that the mobility of storage containers raises the possibility that some material could be moved or dispersed.

                    The administration repeatedly has said preventing Iran from obtaining a nuclear weapon remains a central objective of Operation Epic Fury.

                    ‘Ultimately, this issue of Iran’s nuclear pursuit and their unwillingness through negotiations to stop it is something President Trump has said for a long time needs to be dealt with,’ Hegseth said.

                    Senior administration officials have argued that Iran sought to build up its ballistic missile arsenal in part to create a deterrent shield — enabling Iran to continue advancing its nuclear program while discouraging outside intervention.

                    So far, however, the bulk of U.S. strikes have focused on degrading missile launchers, air defenses and other conventional military targets.

                    Experts note that dismantling missile systems may reduce Iran’s ability to shield a potential nuclear breakout. But physically controlling enriched uranium itself presents a separate and more complex challenge.

                    Airstrikes versus physical control

                    Defense officials have acknowledged that degrading nuclear infrastructure from the air is different from safely managing or securing nuclear material. 

                    Airstrikes can destroy centrifuges, power systems and support buildings. But enriched uranium stored underground may remain intact unless it is physically secured, removed or verifiably downblended.

                    Striking or extracting nuclear material also carries safety risks that military planners must weigh. 

                    If storage casks containing uranium hexafluoride gas were compromised, the material could pose chemical toxicity risks to personnel entering the site without proper protective equipment. Analysts say a conventional strike is unlikely to trigger a nuclear detonation, but dispersal of material could create localized hazards and complicate recovery efforts.

                    Chuck DeVore, a former Reagan-era defense official who worked on nuclear issues, argued that directly targeting the stockpile may not be a priority under current battlefield conditions.

                    ‘You don’t want to release the material into the surrounding areas and cause radioactive contamination,’ DeVore said, adding that deeply buried facilities are difficult to reach from the air. 

                    DeVore also downplayed the immediacy of a breakout scenario, arguing that further enrichment, weaponization and delivery would be difficult to execute undetected amid sustained U.S. air operations.

                    Even if Iran were able to further enrich uranium, he said, assembling a deliverable weapon under active military pressure would present significant technical and operational hurdles.

                    Still, DeVore acknowledged that long-term control of the uranium would ultimately require a political resolution inside Iran and some form of outside oversight.

                    What would securing it require?

                    Nonproliferation experts say securing enriched uranium generally involves more than military force. It requires verified accounting of the material, sustained access to storage sites and either removal or downblending to lower enrichment levels suitable for civilian use.

                    Davenport said internationally monitored downblending would be the safest option if political conditions allow.

                    ‘The IAEA remains the best place to go back into Iran to monitor the sites, to try to track down and account for the enriched uranium,’ she said, describing downblending as a relatively straightforward technical process compared to attempting to extract and transport highly enriched material in a contested environment.

                    Both pathways — physical seizure or internationally monitored reduction — depend on conditions that do not currently exist.

                    Administration officials argue that dismantling Iran’s missile network weakens Iran’s ability to shield a nuclear breakout and reduces the immediate threat to U.S. forces and regional allies.

                    But suppressing missiles and controlling enriched uranium are separate challenges.

                    Destroying infrastructure can slow or disrupt a program. Physically locating, accounting for and securing nuclear material requires sustained access, reliable intelligence and — ultimately — political conditions that allow it.

                    For now, the administration maintains that Iran will not be allowed to obtain a nuclear weapon. How the enriched uranium itself would be secured remains a question without a public answer.

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                    The stunning details revealed by Steve Witkoff on his talks with Iran and their boastful remarks about its nuclear program have seemingly fallen on deaf ears at the U.N. nuclear agency.

                    Days into the U.S.-Israel joint campaign against Iran, the director general of the International Atomic Energy Agency (IAEA) Rafael Grossi posted to X stating, ‘There has been no evidence of Iran building a nuclear bomb.’

                    Fox News Digital asked the IAEA how it could assess the development of a possible nuclear weapon without access to Iran’s facilities but received no response at press time.

                    Grossi’s post came as the U.S. Special Envoy to the Middle East Steve Witkoff gave details to Fox News’ Sean Hannity earlier this week on his talks with the regime prior to the U.S. and Israel launching their military operation against Tehran.

                    Witkoff revealed the negotiators said they had an ‘inalienable right’ to enrich uranium. When Witkoff countered that the Trump administration had the ‘inalienable right to stop [them, ]’ he explained that the negotiators said this was only their starting point.

                    ‘They have 10,000, roughly, kilograms of fissionable material that’s broken up into roughly 460 kilograms of 60% enriched uranium, another 1,000 kilograms 20% enriched uranium,’ Witkoff explained. ‘They manufacture their own centrifuges to enrich this material, so there’s almost no stopping them. They have an endless supply of it. The 60% material can be brought to 90% – that’s weapon grade — in roughly one week, maybe 10 days at the outside. The 20% can be brought to weapons grade inside of three to four weeks.’

                    Witkoff added that during his first meeting with the negotiators, they said ‘with no shame that they controlled 460 kilograms of 60% and they’re aware that that could make 11 nuclear bombs, and that was the beginning of this negotiating stance.’

                    ‘They were proud of it. They were proud that they had evaded all sorts of oversight protocols to get to a place where they could deliver 11 nuclear bombs,’ Witkoff said.

                    Grossi, who is running to become the next United Nations secretary general, did however admit in his post on X that Iran maintains ‘a large stockpile of near-weapons grade enriched uranium’ and said that the Islamic Republic has not allowed inspectors full access to its program. With these facts in mind, he said that the IAEA ‘will not be in a position to provide assurance that Iran’s nuclear programme is exclusively peaceful’ until Iran ‘assists…in resolving the outstanding safeguards issues.’

                    Richard Goldberg, a senior advisor to the Foundation for the Defense of Democracies, FDD, told Fox News Digital, No one paid much attention to Rafael Grossi throughout the Biden years when he repeatedly warned publicly that Iran was refusing to cooperate with and providing false statements to the IAEA about ongoing investigations into undeclared facilities, activists and nuclear material.’

                    The former Trump administration official said, ‘There are some key facts being ignored today. The IAEA board last year found Iran to be in breach of the NPT. To this day, Grossi has confirmed that the IAEA cannot verify the Iranian nuclear program is peaceful.’

                    He continued, ‘This is not Iraq where we lacked hard public evidence of a nuclear weapons program. Iran had built out nearly every part of its nuclear weapons program in plain sight, with the weaponization work moving forward at undeclared sites controlled by SPND. If the administration had evidence the regime was moving quickly to reconstitute key elements of that program — from advanced centrifuge manufacturing to completion of a new underground enrichment site alongside advancement of delivery vehicle programs – the president was fully justified in enforcing a red line he set after Operation Midnight Hammer.’

                    Spencer Faragasso, a senior fellow at the Institute for Science and International Security (ISIS), told Fox News Digital that his organization calculated prior to the June 2025 12 Day War that Iran possessed 440.9 kilograms of 60% rich uranium. With about 24 or 25 kilograms of 90% rich uranium required per weapon, Faragasso said the country possessed the ability to produce 11 weapons in one month.

                    Faragasso said that there remain questions about whether the Iranians can access their enriched materials, and whether they possess additional centrifuges that may have not been installed in the facilities that were struck.

                    ‘Being able to enrich the uranium up to weapon grade is actually a tall order,’ he said, explaining that it would require a new enrichment site and components and materials that ‘Iran would either need to recover from its destroyed facilities’ or ‘illicitly import them from abroad.’ With a few hundred centrifuges, enough for two or three cascades, Faragasso said the Iranians could have enriched their uranium stores to weapon grade.

                    ‘To be clear, the successes gained from the June war are not permanent and officials from the regime spoke publicly about how they wanted to reconstitute their enrichment program, their nuclear program,’ he said. ‘The more time that goes on, the worse the situation will get. It’s not going to get better, especially regarding the ballistic missile program.’

                    He said the Iranians had previously expressed the desire to open a fourth enrichment site, which the IAEA stated was at Esfahan. According to Faragasso, there was ‘never confirmation’ of where the site was or how far along construction may have been.

                    The group is now tracking an Israeli strike on March 3 on Min-Zadayi, a site that Faragasso said ‘was completely unknown’ to them previously. The Israel Defense Forces reported on X that the site was ‘used by a group of nuclear scientists who operated to develop a key component for nuclear weapons.’ 

                    The State Department referred Fox News Digital to remarks made by Secretary of State Marco Rubio to the press on Tuesday on Iran’s nuclear program. 

                    ‘This terroristic, radical, cleric-led regime cannot be ever allowed to have nuclear weapons.’ Explaining that the Islamic Republic was ‘willing to slaughter their own people in the streets,’ Rubio directed members of the press to ‘imagine what they would do to us. Imagine what they would do to others. Under President Trump that will never, ever happen,’ he said.

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                    Virginia Gov. Abigail Spanberger hit back at Secretary of War Pete Hegseth after the Pentagon announced it would cut ties and funding relationships with numerous collegiate institutions over what it described as woke ideologies.

                    A Pentagon leadership memo initialed ‘PBH’ — the secretary’s full name is Peter Brian Hegseth — sent just before the U.S. bombed Iran and entitled ‘Aligning senior service college opportunities with American values,’ laid out an examination of standing ‘Professional Military Education institutions, [the] bedrock upon which we build lethal warfighters grounded in the founding principles that underpin American

                    Spanberger fired back after it was reported that the College of William & Mary in Williamsburg, Va., would be affected. The Norfolk Virginian-Pilot covered her remarks at a high school in Hampton — about halfway between the two cities.

                    Spanberger praises

                    Spanberger said the move is an ‘outrageous attack at yet another point of pride in Virginia,’ as the memo said the Senior Service College programs there would be ended and that servicemembers would lose support.

                     ‘The idea that the Pentagon would pull back from this fellowship program that has been long a fixture at William & Mary is just outrageous,’ she said, according to the paper.

                    The Pentagon memo said the department will ‘no longer invest in institutions that fail to sharpen our leaders’ warfighting capabilities or that undermine the very values they swore to defend,’ and that more than a dozen schools faced termination.

                    Why this Patrick Henry descendant says Governor Spanberger’s Williamsburg speech misses the mark on freedom

                    Spanberger, who formerly worked for the CIA, said the move speaks to the Defense Department’s ‘lack of understanding of the real strength of universities, whether it’s William & Mary or others, in educating the next generation of military leadership,’ according to the paper.

                    She also cited the fact William & Mary’s current chancellor is himself one of Hegseth’s predecessors.

                    Robert Gates was former President George H.W. Bush’s director of central intelligence and later served as Secretary of Defense under President George W. Bush, remaining in the role into former President Barack Obama’s term.

                    Fox News Digital reached out to the Pentagon for comment.

                    In a statement obtained by Hampton Roads’ CBS affiliate, the college administration said it was ‘puzzled and saddened’ by Hegseth’s move, saying that William & Mary is ‘among the country’s most military-friendly institutions’ and also embraces its ROTC program.

                    While the Williamsburg school may be on the chopping block, the affiliate reported that Regent University in Virginia Beach — founded by Christian evangelist Pat Robertson — may be considered one of the replacement institutions.

                    In the memo, Harvard, Washington University in St. Louis, MIT, Tufts, Georgetown, George Washington University, Princeton, Yale, Brown and Queen’s University in Canada were listed as schools facing separation.

                    Colleges being considered as replacements include Liberty University in Lynchburg, Va., The Citadel, Virginia Tech, the University of North Carolina, Clemson University and Hillsdale College in Michigan.

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                    A Pakistani man convicted on Friday of plotting to assassinate President Donald Trump and other politicians told an FBI agent he thought Iran ‘was responsible’ for the assassination attempt on Trump in Butler, Pennsylvania.

                    Asif Merchant, 47, told the FBI agent, Jacqueline Smith, that the incident ‘was the same thing he was sent here to do,’ Smith testified during Merchant’s trial. Merchant told jurors the Islamic Revolutionary Guard Corps (IRGC) sent him on a ‘mission’ to kill U.S. politicians, including by telling him to attend a Republican rally.

                    Merchant was arrested July 12, 2024, one day prior to the shooting in Butler, where Thomas Crooks fired several shots into a rally crowd, killing one and grazing Trump’s ear. 

                    The FBI has said repeatedly that it found no evidence that Crooks had co-conspirators or that any foreign actors were involved in the incident.

                    Merchant, who was convicted by a jury of murder-for-hire and attempt to commit terrorism, testified that Trump was not his only target, telling jurors then-President Joe Biden and former presidential candidate Nikki Haley were also on his list. He claimed that he only took part in the plot because Iran’s IRGC warned it would target his family.

                    ‘I had no other options,’ Merchant said. ‘My family was threatened.’

                    Merchant now faces a maximum penalty of life in prison. His sentence will be determined at a later hearing.

                    Merchant was arrested after he was recorded on camera outlining a plot on a napkin to kill a politician with a person who turned out to be an FBI informant. Federal prosecutors showed video during the trial of Merchant speaking to the informant. The prosecutors said Merchant also tried to hire two hit men and pay them $5,000, but the men turned out to be federal agents posing as assassins.

                    Smith, the FBI agent who met with Merchant after his arrest, said that Merchant never conveyed that he feared for his family. Merchant said he wanted to do intelligence work and be paid for it, Smith said.

                    The FBI agent also said Merchant was told by an Iranian handler to attend a Republican political rally to scope out security but that Merchant was worried about being identified, and so he watched the rally online instead.

                    Merchant’s defense team told jurors their client, who has two wives, was a family man and cared deeply about his faith and that he intentionally acted carelessly because he wanted to be caught.

                    In their closing arguments, defense lawyers said Merchant had his hand forced in the operation, thinking his family would be harmed if he did not cooperate. Additionally, the lawyers cited several instances where they said Merchant’s actions as an intelligence operator were little more than incompetent.

                    Fox News’ Danielle Cavaliere and Brendan McDonald contributed.

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                    Democrats may be celebrating Kristi Noem’s ouster from the Department of Homeland Security (DHS), but they are still digging their heels in against ending the agency’s weekslong shutdown.

                    ‘It’s not like Kristi Noem was the one who was involved in negotiating anything. She was a corrupt lackey. So, we were dealing with the White House before, and we’re going to continue to deal with the White House at this point,’ House Minority Leader Hakeem Jeffries, D-N.Y., told reporters during a news conference Thursday.

                    That point has since been echoed by several other Democratic lawmakers despite Noem’s firing apparently being one of their key demands in exchange for allowing DHS to be fully funded through the remainder of this fiscal year.

                    Congressional Democrats have maintained a unified blockade of funding for the agency in pursuit of stringent reforms to Immigration and Customs Enforcement (ICE). Democrats and the White House have been negotiating, but neither side has agreed to compromise terms.

                    And the shutdown is now guaranteed to drag on for another month, given that the House will be out for a week and the Senate is unable to advance any DHS funding legislation.

                    ‘I’m waiting for them to give us an offer, make us an offering as to what it is that you want us to vote on,’ Rep. Lou Correa, D-Calif., said. ‘I want to see what the guardrails are before I vote on this funding. … I don’t want us to have masked individuals in my community. I want to see body cameras. I want you to identify yourself when you’re making an arrest.’

                    Many Democrats aren’t sure that Noem’s chosen replacement, Sen. Markwayne Mullin, R-Okla., would be the answer to the changes they want.

                    Rep. Eric Swalwell, D-Calif., suggested to Fox News Digital that he was skeptical that any replacement for Noem would be more effective in the discussions given they still have to answer to Trump and his policies.

                    And Senate Minority Leader Chuck Schumer, D-N.Y., plans to block Mullin’s confirmation in a bid to extract Democrats’ long-sought reforms to ICE.

                    ‘The rot runs deep,’ Schumer said. ‘If the president wants accountability, he must do more than fire one official — he must end the violence and rein in ICE.’

                    Republican leaders in the House and Senate both tried again to advance a DHS funding bill that was released as part of wider bipartisan government funding discussions earlier this year.

                    The bill passed the House with all but four Democrats voting ‘no,’ even hours after Noem’s ouster.

                    In the Senate, news of Noem’s firing erupted as another push by Senate Majority Leader John Thune, R-S.D., to pass a full-year funding bill began. Like their colleagues in the House, Senate Democrats were unfazed by the change and once more blocked the legislation.

                    When asked if he believed removing Noem from the equation would make a difference, Thune said, ‘It should.’

                    ‘The Democrats have been complaining about that forever,’ Thune said. ‘And, so, this, to me, is a huge development, I would think, in the funding conversation, and hopefully they’ll get more earnest about coming to the table and trying to get a deal. I mean, we should find out soon enough.’

                    For now, Senate Democrats appear firmly entrenched in their position, even with their colleague Mullin taking the helm of the agency.

                    ‘No, I don’t think it makes any difference,’ Sen. Gary Peters, D-Mich., told Fox News Digital. ‘They have got to put in the reforms that we need.’

                    Mullin, who has staunchly opposed the stringent reforms Democrats seek for the agency, said he would meet with Schumer in a bid to earn his and every Senate Democrat’s vote during his forthcoming confirmation process.

                    ‘I’m not going to get into, you know, a tit-for-tat, but if they have real concerns, I’m going to listen to it. I’m going to see if it’s practical,’ Mullin said. ‘But nothing’s going to prevent me from doing my job. I’m going to enforce the policies and the laws that Congress has passed, and we’re going to protect our homeland.’

                    But not all Democrats were pessimistic.

                    Asked by Fox News Digital whether Noem’s firing would help advance DHS funding talks, Rep. Jared Moskowitz, D-Fla., said, ‘I think it allows us to reopen the negotiations.’

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                    President Donald Trump said Friday that during a meeting with defense executives they had agreed to increase production of what he called ‘exquisite class’ weapons by four times as his administration looks to accelerate weapons production while military operations against Iran continue.

                    ‘Expansion began three months prior to the meeting, and Plants and Production of many of these Weapons are already under way,’ Trump wrote on Truth Social after the meeting. 

                    ‘We have a virtually unlimited supply of Medium and Upper Medium Grade Munitions, which we are using, as an example, in Iran, and recently used in Venezuela,’ he said. ‘Regardless, however, we have also increased Orders at these levels.’

                    Trump said the meeting concluded with executives agreeing to come back to the White House in two months. 

                    The White House emphasized the session was scheduled weeks ago and was not convened in response to immediate battlefield shortages. Officials described the meeting as part of a broader effort to strengthen the U.S. defense industrial base and speed production of American-made weapons.

                    Companies in attendance Lockheed Martin, Northrop Grumman, RTX Corporation, Boeing, Honeywell, BAE Systems and L3Harris Technologies. 

                    The meeting comes as U.S. forces remain engaged in Operation Epic Fury, a campaign targeting Iranian military assets following coordinated U.S.-Israeli strikes. Administration officials have maintained that U.S. readiness remains strong, even as the pace of missile defense operations has drawn scrutiny on Capitol Hill.

                    During the 2025 12-day Iran conflict, U.S. forces fired more than 150 Terminal High Altitude Area Defense (THAAD) interceptors — roughly a quarter of the global inventory — to shield Israel and U.S. assets from Iranian missile attacks, according to defense assessments. Patriot PAC-3 MSE missiles are currently produced at a rate of roughly 600 to 650 annually, with replenishment timelines measured in months or years rather than weeks.

                    U.S. and Israeli officials previously estimated that Iran had a large ballistic missile arsenal — roughly 2,000 to 3,000 missiles of various types at the outset of the conflict. Central Command chief Adm. Brad Cooper said Thursday Iran’s missile attacks have decreased 90% since the start of the conflict.

                    Defense planners have described missile defense inventories as part of a broader strategic balancing act. The same high-end systems used to protect U.S. bases and partners in the Middle East are also supplied to Ukraine and positioned in the Indo-Pacific, creating what some analysts characterize as a ‘zero-sum’ competition for inventory across theaters.

                    Lawmakers emerging from recent classified briefings have raised questions about sustainability if operations expand. 

                    Sen. Mark Kelly, D-Ariz., warned the campaign could become a ‘math problem,’ balancing incoming missile volumes against finite interceptor supplies and production capacity. 

                    Other members, including Republicans briefed on the operation, have said officials assured Congress U.S. forces remain in strong shape.

                    Current and former defense officials have drawn a distinction between offensive strike weapons — which can often be surged from prepositioned stocks — and defensive interceptors such as Patriot and THAAD systems, which require longer production timelines and cannot be rapidly manufactured at scale.

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                    This post appeared first on FOX NEWS

                    A new US-Venezuela gold deal could soon channel hundreds of kilograms of bullion from the South American nation into American refineries.

                    Venezuela’s state-owned mining company, Minerven, has agreed to sell between 650 and 1,000 kilograms of gold dore bars to commodities trading house Trafigura under a multimillion-dollar arrangement brokered with the involvement of US officials, according to people familiar with the matter.

                    The gold will ultimately be delivered to refineries in the US under a separate arrangement with the US government, the sources said. The contract calls for the metal to contain about 98 percent gold content.

                    At current prices, the shipment could be worth more than US$100 million. A kilogram of pure gold currently trades at roughly US$166,000, though the value fluctuates with market conditions.

                    The agreement continues efforts by the Trump administration to deepen economic coordination with the country’s interim government following the January capture of Venezuelan President Nicolas Maduro by US forces.

                    US Interior Secretary Doug Burgum, who arrived in Caracas this week, helped shepherd the gold contract and met with Venezuelan officials to discuss expanding cooperation in the mining and energy sectors.

                    Burgum, who also leads Trump’s National Energy Dominance Council, said American companies were already lining up to explore opportunities in Venezuela’s mineral sector.

                    The deal represents the third major extraction agreement struck under US supervision since Washington moved to assert control over Venezuela’s key industries. Trafigura is also involved in oil contracts tied to the initiative that are reportedly worth more than US$1 billion.

                    “The oil is beginning to flow, and the professionalism and dedication between both countries is a very nice thing to see!” President Donald Trump wrote on Truth Social, praising Venezuela’s interim president Delcy Rodríguez.

                    Officials from both governments have said the arrangement could open the door to broader mining investment.

                    Rodríguez confirmed this week that Venezuela and the US would work together on future mining developments. The government is preparing reforms aimed at attracting foreign investment into the sector, mirroring recent policy changes that opened the country’s oil industry to international companies.

                    Venezuela holds vast untapped mineral resources alongside the world’s largest proven oil reserves.

                    In addition to gold, the country is believed to contain diamonds, rare earth elements (REEs), and other critical minerals used in electronics and energy technologies.

                    Gold has become an increasingly important source of revenue for Venezuela in recent years, particularly as US sanctions limited the country’s oil exports. The central bank reportedly sold nearly six tons of bullion in the second half of last year as the precious metal surged to record highs.

                    Much of Venezuela’s gold production comes from the Orinoco Mining Arc, a vast resource-rich region established in 2016 to boost mining output and diversify the country’s economy.

                    However, the sector has long been plagued by illegal mining operations, environmental damage and allegations of corruption involving armed groups.

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

                    This post appeared first on investingnews.com