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Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching for a replacement for chief executive Elon Musk.

The report, citing comments from sources familiar with the discussions, said that Tesla’s board members reached out to several executive search firms to work on a formal process for finding the company’s next CEO. Shares of Tesla fell as much as 3% in overnight trading on trading platform Robinhood following the news, before paring losses.

Tesla chair Robyn Denholm wrote on the social media platform X that the report was “absolutely false.”

“Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company,” she wrote.

Elon Musk during a Cabinet meeting at the White House on Wednesday.Evan Vucci / AP

“This is absolutely false (and this was communicated to the media before the report was published). The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.”It comes after a sharp drop in the electric vehicle giant’s sales and profits, with its top and bottom lines missing estimates in the first quarter. Musk has admitted that his involvement with the Trump administration could be hurting the automaker’s stock price.

The mega-billionaire said on a Tesla earnings call last week that he plans to spend just a “day or two per week” running the so-called Department of Government Efficiency beginning in May.Tesla’s total revenue slipped 9% year-on-year to hit $19.34 billion in the January-March quarter. This falls short of the $21.11 billion forecast by analysts, LSEG data shows.

Revenue from its automotive segment declined 20% year-on-year to $14 billion, as the company needed to update lines at its four vehicle factories to start making a refreshed version of its popular Model Y SUV. Tesla also attributed the decline to lower average selling prices and sales incentives as a drag on revenue and profit.

Its net income plunged 71% to $409 million, or 12 cents a share, from $1.39 billion or 41 cents a year ago.

Since the start of the year, its shares have plunged over 30%.

This post appeared first on NBC NEWS

Tech is saving Hollywood — though not in the way you might think.

Back in 2022, e-commerce giant and relative upstart movie studio Amazon promised to spend around $1 billion each year on theatrical releases, a figure that would fund between 12 and 15 films annually. Today, it appears ready to deliver.

Earlier this month, the company, which operates the streaming platform Prime Video and recently acquired MGM studios, took the stage at CinemaCon in Las Vegas to tout its line-up of movies made just for the big screen.

Amazon’s inaugural presentation at the annual convention of Cinema United — previously known as the National Association of Theatre Owners — wowed exhibitors, marketers and media in attendance with flashy trailers and first-look footage from upcoming films like “Project Hail Mary,” “After the Hunt” and “Verity.”

It also brought some star power with the likes of Ryan Gosling, Andrew Garfield, Julia Roberts, Chris Pratt, Chris Hemsworth, Hugh Jackman and Michael B. Jordan set to headline these cinematic releases.

“I thought the presentation was incredible,” said Brock Bagby, president and chief content, programming and development officer at B&B Theatres. “For their first year out, they pulled out all the stops.”

While the studio won’t have a full slate of more than a dozen films until 2026, it has steadily invested in theatrical content over the last few years. Amazon had one wide release, a film that played in more than 2,000 theaters, in 2023 and five in 2024. This year Amazon has only four wide releases on the calendar so far, but the company is slated to have 14 in 2026 and 16 in 2027.

This surge of theatrical content is just what the domestic box office needs. While blockbuster franchise films have been abundant in the wake of the pandemic, the overall number of wide releases has shrunk over the last decade. Even before Covid and dual Hollywood labor strikes slowed production down, Hollywood was making fewer and fewer movies each year, according to data from Comscore. 

Mid-budget movies — often in the drama, comedy and romantic comedy genres — began disappearing in the mid-2010s as studios sought to invest in bigger budget franchise flicks that could result in higher profits. The comparatively lower-budget films have since been predominantly redirected to streaming platforms in an effort to stock these services with more affordable content. 

Analysts project that the domestic box office has lost around $1 billion each year in total ticket sales as a result of that shift.

At the same time that studios were altering their film slates, movie houses were merging. The most recent union between the Walt Disney Company and 20th Century Fox, first announced in 2017 and finalized in early 2019, resulted in the loss of between 10 and 15 film releases annually, according to data from Comscore.

In 2015, 20th Century Fox released 17 films. After its acquisition, the pandemic and the strikes, it has released fewer than a half dozen titles each year.

“With consolidation in the past of some of the studios, the output numbers have decreased over the past few years, and with fewer releases there is less potential for box office and concession sales,” said Paul Dergarabedian, senior media analyst at Comscore. “More importantly movie theaters need new films to draw customers into their auditoriums.”

Amazon’s commitment to theatrical, alongside the emergence of smaller studios like Neon and A24, should help to close the gap left by 20th Century Fox’s acquisition.

“They’ve filled the gap that we’re missing from Fox, which is so exciting, and it looks like a similar slate to Fox, where there’s a few big titles, but a lot of that mid-range,” Bagby said.

What industry experts have discovered is that the strength of the box office doesn’t just rely on the success of franchise films — superhero flicks, big-budget action fare and the like — but also on the sheer volume and diversity of content.

There is a direct correlation between the number of theatrical releases and the strength of the overall box office. During the pandemic, the decline in box office ticket sales largely tracked nearly in lock step with the percentage decline in film releases.

“The number of movies being released continues to trend in the right direction,” said Michael O’Leary, CEO of Cinema United. “When considering wide releases at 2,000 or more locations, we saw 94 last year, but we expect at least 110 in 2025. Beyond that, distributors have secured release dates as far out as 2028 for movies with plenty of commercial potential.”

This post appeared first on NBC NEWS

Nvidia blasted Anthropic Thursday in a rare public clash over artificial intelligence policy with U.S. chip export restrictions set to take effect.

“American firms should focus on innovation and rise to the challenge, rather than tell tall tales that large, heavy, and sensitive electronics are somehow smuggled in ‘baby bumps’ or ‘alongside live lobsters,’ ” a spokesperson for Nvidia said.

Anthropic, the AI startup backed by billions from Amazon, argued for tighter controls and enforcement, saying in a blog post Wednesday that Chinese smuggling tactics involved chips hidden in “prosthetic baby bumps” and “packed alongside live lobsters.”

Chip restrictions from former President Joe Biden’s term, called the “AI Diffusion Rule,” are set to take effect May 15. The rule puts global export controls on advanced AI chips and model weights to prevent rival nations like China from gaining ground in an escalating AI arms race.

President Donald Trump is reportedly working on updating these restrictions, adding another layer of uncertainty to the already contentious policy.

Anthropic, which relies heavily on Nvidia hardware to train its models, is calling for tighter restrictions that could limit Nvidia’s overseas business and revenue from chip sales.

Anthropic argued that compute access is the key strategic chokepoint in the race to build frontier AI. The company proposed lowering the export threshold for Tier 2 countries, tightening the rules to reduce smuggling risks, and increasing funding for enforcement.

“Maintaining America’s compute advantage through export controls is essential for national security and economic prosperity,” Anthropic wrote.

In a sharply worded response to Anthropic, an Nvidia spokesperson blasted the use of policy to limit competitiveness.

“China, with half of the world’s AI researchers, has highly capable AI experts at every layer of the AI stack. America cannot manipulate regulators to capture victory in AI,” the spokesperson said.

Nvidia CEO Jensen Huang, who visited with Chinese trade officials in mid-April, said Wednesday in Washington, D.C. that China is “not behind” the U.S. in AI and praised Huawei as a top global tech company.

“They’re incredible in computing and network technology, all these essential capabilities to advance AI,” Huang said. “They have made enormous progress in the last several years.”

This post appeared first on NBC NEWS

The United States and Ukraine have signed an “economic partnership agreement” that will give Washington access to Kyiv’s rare earth minerals in exchange for establishing an investment fund in Ukraine.

The US and Ukraine have been trying to hammer out the natural resources agreement since US President Donald Trump returned to the White House in January.

The deal comes after weeks of intense negotiations that at times turned bitter and temporarily derailed Washington’s aid to Ukraine.

Speaking Wednesday in a call with NewsNation, Trump said he told Ukrainian President Volodymyr Zelensky during their weekend meeting on the sidelines of Pope Francis’ funeral that “it’s a very good thing” if he signed the deal because “Russia is much bigger and much stronger.”

Trump said he made the deal to “protect” Washington’s contribution to the Ukrainian war effort.

“We made a deal today where we get, you know, much more in theory, than the $350 billion but I wanted to be protected,” Trump told NewsNation. “I didn’t want to be out there and look foolish.”

The actual total contribution the US has made to Ukraine is closer to $123 billion since Russia invaded in February 2022.

The US Treasury Department on Wednesday announced that both countries signed the agreement. “As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war,” Treasury Secretary Scott Bessent said in a statement.

“This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term,” Bessent said. “And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine.”

Ukraine’s Economy Minister Yulia Svyrydenko was in Washington to sign on behalf of the Ukrainian government

Among the terms of the agreement are “full ownership and control” staying with Ukraine, she posted to X on Wednesday.

“All resources on our territory and in territorial waters belong to Ukraine,” she said, adding: “It is the Ukrainian state that determines what and where to extract. Subsoil remains under Ukrainian ownership — this is clearly established in the Agreement.”

The signing comes hours after a last-minute disagreement over which documents to sign Wednesday threatened to derail the deal.

Ukraine’s President Volodymyr Zelensky was expected to strike the deal during his trip to Washington in February – but the agreement was left unsigned when that visit was cut short following the contentious Oval Office meeting.

Previous sticking points

Among the key sticking point of the negotiations was the question of security guarantees – and whether the US would provide them as part of the deal. Trump initially refused that, saying he wants Ukraine to sign the agreement first and talk about guarantees later.

At that time, Zelensky described the draft agreement as asking him to “sell” his country. Ukrainian officials have since indicated they believed that US investment and the presence of American companies in Ukraine will make the US more interested in Ukraine’s security.

Shortly after the doomed White House visit, Trump ordered US aid to Ukraine to be suspended. While the assistance has since been restored, the episode became a major wakeup call for Ukraine’s European allies, who have pledged to step up their help to the country.

Trump has largely billed the agreement as Ukraine “paying back” for the aid the US has provided to Ukraine since Russia launched its unprovoked full-scale invasion of the country in February 2022.

Speaking to Fox News Wednesday, Bessent said the deal is “a signal to the American people, that we have a chance to participate, get some of the funding and the weapons, compensation for those.”

The details of the agreement have not been made public. However, Ukraine’s Prime Minister Denys Shmyhal said on Sunday that the deal “will not include assistance provided before its signing.”

Speaking on Wednesday, Shmyhal described the deal as “a strategic agreement on the establishment of an investment partnership fund.”

“It is truly an equal and beneficial international agreement on joint investments in the development and recovery of Ukraine between the US and Ukrainian governments,” he added.

Under the deal, the US and Ukraine will create a joint investment fund in Ukraine with an equal contributions from both and equal distribution of management shares between them, Shmyhal said.

“The American side may also count new, I emphasize new, military aid to Ukraine as a contribution to this fund,” Shmyhal said.

Mineral riches

Kyiv’s allies have long eyed the country’s mineral riches. Ukraine has deposits of 22 of the 50 materials classed as critical by the US Geological Survey.

These include rare earth minerals and other materials that are critical to the production of electronics, clean energy technologies and some weapon systems.

The global production of rare earth minerals and other strategically important materials has long been dominated by China, leaving Western countries desperate for other alternative sources – including Ukraine.

A memorandum of understanding prepared under the Biden administration last year said the US would promote investment opportunities in Ukraine’s mining projects to American companies in exchange for Kyiv creating economic incentives and implementing good business and environmental practices.

Ukraine already has a similar agreement with the European Union, signed in 2021.

This story has been updated with developments.

This post appeared first on cnn.com

A “no photograph upon landing” announcement punctured the serene silence of the cabin as I gazed at the snow-capped peaks outside our airplane window, a stark reminder that we were entering a land of profound beauty and immense political sensitivity.

Our Air China flight from Beijing carried not just my cameraman and me, but also about two dozen other foreign journalists, all accompanied by a team of Chinese officials. We were headed to Tibet, a place where access is as guarded as its ancient treasures.

We usually avoid government-organized media tours, wary of the predictable agendas and restrictions. Yet, for Tibet, there is no alternative.

The Tibetan Autonomous Region remains the only place in China where all foreigners – especially foreign journalists – are barred entry without prior authorization.

Our requests to report from the ground have mostly been met with polite, but firm denials – including in January, when a powerful earthquake struck the region, killing more than 120 people.

For centuries, Tibet was mostly independent from China – with the Tibetans possessing ethnic, linguistic and religious identities starkly different from those of the Han Chinese. On a few occasions in history, Tibet fell under the rule of emperors in Beijing, most recently during the Qing dynasty starting in the 18th Century. After the 1912 collapse of Qing, China’s last imperial dynasty, Tibet enjoyed de facto independence though it was never recognized by China or much of the international community.

The Communist forces, emerging victorious from a bloody Chinese civil war, marched into Tibet in 1950 and formally annexed it into the newly founded People’s Republic of China the following year. Beijing has maintained a tight grip on the Himalayan region since the 14th Dalai Lama, Tibet’s spiritual leader, fled to India in 1959 after a failed uprising against Chinese rule. In the decades since, the Communist Party has swiftly cracked down on any unrest and enforced policies that critics say are intended to weaken the Tibetan identity.

Landing in late March at Gonggar Airport, one of the world’s highest at nearly 12,000 feet, just outside the Tibetan capital Lhasa, the thin air was an immediate signal to slow down as breathing grew labored and a headache began to develop. Stepping into Tibet, long known as “the roof of the world,” was an immersion into a different rhythm of life, dictated by the altitude’s power.

It had been 16 years since my last visit, a journey cut short by altitude sickness. This time, armed with ibuprofen, I was determined to document the changes that had swept through Tibet – or rather, “Xizang,” the new official English name adopted by authorities and indicated in our schedule. The moniker – transliterated from the Chinese name for the region – is a linguistic battleground reflecting deeper geopolitical tensions between Beijing and critics of its Tibet policy.

En route from the gleaming airport terminal to our hotel in Lhasa, the nearly empty freeway and unoccupied high-rise apartments spoke to China’s massive investments in developing infrastructure in Tibet. The region is still the country’s poorest with the lowest life expectancy.

Imposing portraits of China’s top leader Xi Jinping, alongside another picture featuring him and his four predecessors, dotted the highway and adorned almost every public building, an omnipresent emphasis on loyalty to the ruling Communist Party.

This overt display echoed the main themes – ethnic harmony and common prosperity – reinforced on every foreign media trip to Tibet, ours included. The weeklong itinerary was a curated mix: a high-profile press conference (on human rights achievements in Tibet), economic success stories (at, among others, the “world’s highest cookware factory”), tourist hotspots (ranging from yak farms to peach blossom fields) and cultural spectacles (culminating in a lavishly produced outdoor musical retelling the saga of the most famous Chinese-Tibetan royal marriage in the 7th Century).

On the streets of Lhasa, banners and posters celebrated the 66th anniversary of the “liberation of a million Tibetans from feudal serfdom” – the official description of pre-Communist-takeover Tibet.

Perhaps due to the controlled access to Tibet and China’s extensive high-tech surveillance network, I didn’t notice visible heavy security – even around temples and other sensitive sites.

A spiritual destination

The region hasn’t seen any major unrest in more than a decade. The last flareup in the early 2010s involved a string of self-immolation incidents that critics called a desperate cry against the Chinese government’s ever-tightening grip on Tibetan society.

Since then, Tibet has seen an unprecedented surge in tourism, predominantly from mainland China with visitors flocking to the region for spiritual exploration. A record 64 million people visited Tibet in 2024, according to government records – a more than tenfold increase from the roughly 6 million visitors in 2010.

Although March wasn’t peak season for Tibet travel, domestic visitors crowded tourist attractions. Clad in traditional local costumes and posing on Lhasa’s bustling centuries-old Barkhor Street, Chinese tourists often seemed to outnumber Tibetan pilgrims, who prostrated themselves on the stone ground and walked clockwise around temples while spinning hand-held prayer wheels – under the curious gaze of selfie stick-wielding onlookers.

If not for the picture-perfect backdrop of golden roofs of Buddhist temples – surrounded by majestic mountains and glistening in abundant sunshine – Lhasa could sometimes look like just another small city in China, especially outside its historical center.

Alongside gift shops and supermarkets, Sichuan restaurants dotted almost every street corner – a testament to the popularity of the Chinese cuisine as much as the main origin of Han migration from the neighboring province into Tibet – long said to be a source of tension between the two ethnic groups over perceived economic inequality.

A smattering of foreign tourists had also reappeared following the post-pandemic re-opening of Tibet, including a group at our hotel, an InterContinental property. Western brands – from major hotels to fast-food chains – appear to operate in Tibet without notable protests or criticisms of the past.

The undisputed top tourist attraction in Lhasa remains the Potala Palace, the former winter residence of the Dalai Lamas, spiritual leaders of Tibetan Buddhism, until the current holder of that position was forced into exile.

Now living in Dharamsala, India, and revered globally as a Nobel peace laureate, the 14th Dalai Lama is labeled by the Chinese government as a “wolf in monk’s robes” and an “anti-China separatist” – despite his declaration that he seeks only genuine autonomy, not independence, for his homeland.

More than two million people visited the Potala last year, paying up to $27 to tour the sprawling structure. While guides offered details on the architecture and the palace’s storied history, the current Dalai Lama was conspicuously absent from the narrative, especially his recent pronouncement that his successor, or reincarnation, must be born “in the free world” – meaning outside China.

When questioned, monks and officials in Tibet parroted Beijing’s official party line: “The reincarnation of each Dalai Lama must be approved by the central government and the search must take place within China,” Gongga Zhaxi with the Potala Palace administration told me.

“That the reincarnation should be recognized by the central government has been settled for many years,” echoed La Ba, a senior monk at Jokhang Temple, the holiest in Tibetan Buddhism.

Their response – in line with Xi’s increasing emphasis on “Sinicizing religions” in the country – contrasted with a memorable and unexpected moment from my 2009 trip. At Jokhang Temple, a young monk told me that, as a faithful Tibetan Buddhist, he recognized and respected the Dalai Lama – before being whisked away by officials.

The Tibetan government-in-exile in India dismissed the stance on the Dalai Lama’s reincarnation proclaimed by the officially atheist Chinese government, stressing that “His Holiness is the only legitimate soul who can decide.”

The prospect of the process going smoothly seems to have all but vanished – after Beijing forced the disappearance in 1995 of a young boy recognized by the Dalai Lama as the new Panchen Lama, Tibet’s second-highest spiritual figure who traditionally plays a leading role in the search for the Dalai Lama’s reincarnation.

The boy, Gedhun Choekyi Nyima, who has never been seen since, is a college graduate who leads a normal life, according to a Chinese government spokesman in 2020. Despite denunciations by the Dalai Lama and his supporters, Beijing has installed its own Panchen Lama – triggering a three-decade-old dispute that continues to loom large, a sobering reminder of the stakes at play.

High in the Himalayas

Our journey continued via Tibet’s only bullet train service, a marvel of engineering designed to withstand the harsh climate of the Tibetan Plateau. As the train sped through tunnels and over bridges at 10,000 feet above sea level, the landscape unfolded in breathtaking panoramas as we sat in carriages equipped with automated oxygen supply systems and special windows resistant to the area’s high UV levels.

Yet, this 435-kilometer rail link between Lhasa and the eastern Tibetan city of Nyingchi is more than just a mode of transportation – it is a symbol of China’s ambition to integrate this remote region with its distinct culture into the mainstream.

In Nyingchi, we visited a public boarding school – a hot topic as both the Dalai Lama and UN experts have voiced concerns over intensifying assimilation of Tibetans. About a million Tibetan children from rural areas have been reportedly sent to these government-run schools, where the language of instruction is allegedly almost exclusively Chinese, and living conditions are said to be cramped.

“All of our efforts have effectively safeguarded Tibetan children’s right to receive a high-quality education,” said Xu Zhitao, vice chairman of the Tibet Autonomous Region, when I asked about the controversy surrounding the schools.

At Bayi District Junior High, most of the 1,200 students were Tibetan – some we talked to said they took an equal number of lessons in their native tongue and Mandarin. A group of giggling Tibetan eighth-graders spoke proudly of their culture and traditions – but when asked about Tibetan Buddhism and the Dalai Lama, they became hesitant to answer and their voices trailed off. Young or old, people showed they knew the boundaries that could not be crossed.

With growing tensions between Beijing and Washington, China’s uneasy relations with its neighbor India – a key US partner – has made Tibet even more strategically important as the two Asian powers jostle for territory and influence in the far-flung area.

Controversial infrastructure projects and even bloody military clashes have marred their disputed border region in recent years.

But a more pressing concern for both Beijing and New Delhi is perhaps the inevitable passing of the 14th Dalai Lama, who turns 90 in July. If a scenario of “dueling Dalai Lamas” were to emerge as a result of China’s policy, it could shake the foundation of Tibetan religion and society – potentially unleashing fresh anger or even instability – in the high Himalayas.

This post appeared first on cnn.com

Ukraine managed to wrangle some more favorable terms out of the United States before signing the long-awaited minerals deal on Wednesday.

The agreement on natural resources was finally struck late on Wednesday, after weeks of tense bargaining that at times turned sour and temporarily halted Washington’s aid to Ukraine.

Kyiv eventually convinced US President Donald Trump to drop some of his key demands but failed to make American security guarantees part of the agreement.

Ukrainian officials touted the final accord as an equal partnership between Kyiv and Washington – a notable shift from some of the earlier drafts which were described by Ukraine’s leader President Volodymyr Zelensky as the US asking him to “sell my country.”

What’s in the deal?

Aid: Crucially, the deal does not call for Kyiv to reimburse the US for the aid it has already received – a key concession from Trump who has long framed the agreement as Ukraine “paying back” the US.

Washington initially demanded a $500 billion share of Ukraine’s rare earths and other minerals in exchange for the aid it has already provided to Kyiv. When Zelensky rejected that idea, Trump called him “a dictator.”

Instead, the agreement that was inked on Wednesday says that future American military assistance to Ukraine will count as part of the US investment into a joint reconstruction investment fund that will be used to pour money into Ukraine’s natural resources.

Natural resources: The deal gives the US preferential rights to mineral extraction in Ukraine and states that Kyiv will have the final say in what and where is being mined. Ukraine will also retain the ownership of the subsoil.

“All resources on our territory and in our territorial waters belong to Ukraine. It is the Ukrainian state that determines where and what to extract,” said Ukraine’s Economy Minister Yulia Svyrydenko, who signed the deal on behalf her country.

And although Trump has referred to the agreement as a “rare earth” deal, the accord signed on Wednesday goes well beyond that by including other natural resources such as oil, natural gas, gold and copper.

The tone: In a win for Ukraine, the deal also adopts a strong language on the war with Russia itself. It points at Moscow as the aggressor in the conflict, diverging from some of Trump’s previous false statements about Ukraine and Zelensky being responsible for the war.

The deal also spells out the goal of the agreement as “a peaceful, sovereign and resilient Ukraine” – a notable step away from Trump saying earlier this year that, “Ukraine may be Russia some day.”

EU guarantees: It also keeps the door open for Ukraine’s potential future membership in the European Union, saying that investment needs to be made in accordance with Ukraine’s obligations as an EU candidate state. It adds that if Ukraine was to join the bloc in the future, this deal would be renegotiated “in good faith.”

A boost for the US: But the terms of the agreement also show the US has secured a host of advantages for itself.

US Treasury Secretary Scott Bessent characterized it as a “historic economic partnership,” saying in a statement that it “signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term.”

It also says that if a conflict arises between the wording of the agreement and Ukraine’s law, the deal will have a legal precedent.

What is missing from the deal?

Security questions: Ukraine has dropped its key demand that the US provides security guarantees as part of this agreement. It was this demand that ultimately led to the shouty meeting between Zelensky and Trump in the Oval Office in February.

Trump then refused to provide security guarantees, saying he wanted Ukraine to sign the agreement first and talk about guarantees later.

At the time, Zelensky refused, but Ukrainian officials have since indicated that they believe that US investment and the presence of American companies in Ukraine will make Washington more interested in Ukraine’s security.

Exclusive access for the US: While it ensures the US receives preferential access to Ukraine’s mineral riches, the deal doesn’t guarantee any exclusive rights.

Existing resources: The deal is limited to new projects, which means the US and Ukraine will have to invest in order to see profits. Existing mining operations that are already generating revenue for the Ukrainian government are excluded.

How does it play into the peace process?

The Ukrainian government has in the past made the argument that its mineral deposits are one of the reasons the West should support Ukraine – to prevent these strategically important resources from falling into Russian hands.

Experts agree with that idea. Liam Peach and Hamad Hussain, economists at Capital Economics, wrote in an analyst note on Thursday that the agreement “provides some reassurance that the Trump administration is not planning on abandoning Ukraine altogether” because it establishes US economic interests in Ukraine.

Why are the minerals so important?

Materials such as graphite, lithium, uranium and the 17 chemical elements known as rare earths are critical for economic growth and national security.

They are essential to the production of electronics, clean energy technology, including wind turbines, energy networks and electric vehicles, as well as some weapons systems.

China has long dominated the global production of rare earth minerals and other strategically important materials, leaving Western countries desperate for other alternative sources – including Ukraine.

The US largely depends on imports for the minerals it needs. Of the 50 minerals classed as critical, the US was entirely dependent on imports of 12 and more than 50% dependent on imports of a further 16, according to the United States Geological Survey, a government agency.

Ukraine, meanwhile, has deposits of 22 of these 50 critical materials, according to the Ukrainian government.

The country has some of the world’s largest deposits of graphite, lithium, titanium, beryllium and uranium, all of which are classed by the US as critical minerals. Some of these reserves are in areas that are currently under Russian occupation.

This post appeared first on cnn.com

Hip hop Irish trio Kneecap is being investigated by UK counter-terrorism police after videos emerged allegedly showing the band calling for politicians to be killed and shouting “up Hamas, up Hezbollah.”

It comes after the group, who are vocal critics of Israel’s war in Gaza, came under fire for their pro-Palestinian and anti-Israel messaging at the Coachella music festival last month.

The British police investigation follows widespread criticism of the band’s alleged comments, which led to several of their upcoming gigs being canceled. Some lawmakers are also calling for Glastonbury organizers to drop Kneecap from next month’s festival line-up.

Meanwhile, dozens of musicians and artists have signed an open letter supporting the group’s right to freedom of expression.

In recent days, footage has been circulating online that appears to show one of the group’s members shouting “up Hamas, up Hezbollah” in November last year. Separately, video from November 2023 appeared to show one member of the group, who are from Northern Ireland, saying: “The only good Tory is a dead Tory. Kill your local MP.” Tory is another word for Conservative, and MP is an abbreviation of Member of Parliament. In the past decade, two British MPs – Jo Cox and David Amess – have been murdered.

Kneecap has apologized to the families of Cox and Amess. It said it has never supported Hamas or Hezbollah and that the footage circulating online has been “deliberately taken out of all context” as part of a “smear campaign” following their criticism of Israel and the United States in regards to the war in Gaza.

London’s Metropolitan Police Service said in a statement Thursday that it was aware of the footage and that counter-terrorism officers are investigating.

“Both videos were referred to the Counter Terrorism Internet Referral Unit for assessment by specialist officers, who have determined there are grounds for further investigation into potential offences linked to both videos,” the police statement said.

Backlash

Katie Amess, daughter of Conservative lawmaker David Amess, who was fatally stabbed in a 2021 attack while meeting with his constituents, has called Kneecap’s rhetoric “abhorrent.”

“(It) poses a direct threat to the safety and well-being of elected officials and the democratic institutions they represent,” she said in a statement provided to the PA Media news agency.

Amess commended the action taken by law enforcement and called for those who incite “violence and hatred” to be held accountable.

“As a society, we must stand united against all forms of extremism and ensure that our public spaces, including artistic and cultural venues, are not exploited to propagate messages of hate,” Amess said.

Both videos have been widely circulated online in wake of the band’s Coachella set, where they led the crowd to chant “Free Free Palestine,” criticized Israel’s campaign in Gaza – which has killed more than 52,000 Palestinians, according to the ministry of health there – and also criticized US support for the war.

Brendan Cox, whose wife was stabbed and shot to death in 2016 by a far-right extremist while meeting with her constituents, told Sky News that the band’s apology was “not enough.”

“What’s clear (about the video) is that it wasn’t a joke, that it wasn’t out of context, that it was incitement to violence against members of parliament,” he said. Cox added that Kneecap’s comments “overstepped the mark in a frankly grotesque way,” putting them on the “wrong side of people who might agree with them” on issues, such as Gaza and Northern Ireland.

Since the videos emerged, a string of the band’s scheduled performances have been canceled.

The group said on X that it would not be performing at Hurricane or Southside Festival this year – two of Germany’s biggest music festivals – and announced three concerts in Berlin, Hamburg and Cologne instead, which have since been canceled too.

Another concert scheduled to take place at the Eden Project in Cornwall, southwest England, has been canceled.

Conservative Party leader Kemi Badenoch told ITV News Wednesday she believes the band should be prosecuted for incitement. “There are people in jail for saying things that are not as bad as what Kneecap have said… they’ve been avoiding justice for far too long,” she told the broadcaster.

Band’s supporters

Others have come out in support of the group, with several artists signing an open letter calling out the “clear, concerted attempt to censor and ultimately deplatform” the band.

“In a democracy, no political figures or political parties should have the right to dictate who does and does not play at music festivals or gigs that will be enjoyed by thousands of people,” read the letter, which was signed by musicians including Pulp, Paul Weller and Massive Attack.

“Kneecap are not the story. Gaza is the story. Genocide is the story,” wrote the band on X, echoing a separate statement of support from Massive Attack.

Kneecap’s manager, Daniel Lambert, told Irish broadcaster RTÉ Tuesday that the controversy “has nothing to do with Kneecap… it’s about telling the next young band… that you cannot speak about Palestine.”

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Israeli Prime Minister Benjamin Netanyahu said Thursday that defeating Israel’s enemies is more important than securing the release of the remaining hostages in Gaza.

While the prime minister acknowledged that freeing the 59 remaining hostages is a “very important goal,” he described Israel’s fight against its enemies as the “supreme objective” of the war.

“We have many objectives, many goals in this war. We want to bring back all of our hostages,” Netanyahu said. “That is a very important goal. In war, there is a supreme objective. And that supreme objective is victory over our enemies. And that is what we will achieve.”

Netanyahu’s remarks, which came on Israel’s Independence Day, mark the first time that the prime minister has explicitly described returning the hostages as a secondary goal of the war. He has previously described defeating Hamas and securing the release of the hostages as the primary goals of Israel’s war in Gaza.

His comments drew a backlash from representatives of hostage families.

“Prime minister, the return of the hostages is not ‘less’ important – it is the supreme goal that should guide the government of Israel,” the Hostages and Missing Families Forum said in a statement. “The families of the hostages are concerned.”

Netanyahu’s comments put him at odds with the majority of the Israeli public, which overwhelmingly supports a deal to release all the hostages and end the war in Gaza, according to recent opinion polls.

But it puts the prime minister in the company of Israel’s far-right Finance Minister Bezalel Smotrich, who recently made similar comments.

“We need to tell the truth – bringing back the hostages is not the most important goal. It is, of course, a very, very, very, very important goal,” Smotrich said last week. “But anyone who wants to destroy Hamas and eliminate the possibility of another October 7 must understand that in Gaza, there can’t be a situation where Hamas remains present and intact.”

Members of Netanyahu’s governing coalition have been pushing the prime minister to continue fighting. Senior Israeli officials have warned for weeks that the military will intensify its operations in Gaza if there is no ceasefire agreement with Hamas.

Israel says its bombardment of Gaza, coupled with a two-month total blockade, is an attempt to put pressure on Hamas to make concessions in ceasefire negotiations. Israel has vowed to destroy Hamas and said it cannot continue to rule the enclave.

Pressure mounts on Netanyahu

This is the second time this week that Netanyahu has faced backlash from the families of hostages. On Monday, his wife Sara was overheard on a microphone saying that “fewer” than 24 hostages are still alive in Gaza. The remark outraged families and prompted demands for clarity on what the government knows about their loved ones’ fate, as well as questions on why the prime minister’s wife has sensitive information about their loved ones that they do not.

“You sowed indescribable panic in the hearts of the families of the hostages – families already living in agonizing uncertainty,” the forum said in a statement. “If there is intelligence or new information regarding the condition of our loved ones, we demand full disclosure.”

Israel has publicly said in recent weeks that it believes up to 24 of the 59 remaining hostages are still alive. Sara Netanyahu’s claim appears to be an indication that the government may have information that some of the 24 hostages have died.

Pressure has also been mounting on Netanyahu from military reservists who have become increasingly vocal in their opposition to the war, with several public letters saying that the Gaza war mainly serves the political and personal interests of officials, not the country’s security interests.

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