🗞️$600 billion Saudi investment

May 13th, 2025

What happened today 🇺🇸,

• President Trump secured a $600 billion investment commitment from Saudi Arabia to invest in the U.S., the deal spans multiple sectors including energy, defense, technology, infrastructure, healthcare, and mining… part of the deal is a defense sales agreement worth about $142 billion, this will see over a dozen defense companies in the U.S. supply Saudi Arabia with war-fighting and missile defense equipment

• Milwaukee County Circuit judge, Hannah Dugan, has been indicted in federal court following the accusations that she helped an undocumented immigrant evade federal immigration agents last month and avoid arrest

• Senate Minority Leader Schumer (D-NY) has said he is pausing all of President Trump’s Justice Department nominees as he seeks answers on the administration's plan to accept a luxury jet from Qatar to be used as Air Force One

• The Food and Drug Administration (FDA) is seeking to remove prescription fluoride drops and tablets for children from the market due to health concerns about ingesting fluoride

• The Trump administration has cut another $450 million in grants to Harvard…read more here 

• Texas Attorney General, Ken Paxton, is investigating General Mills, for allegedly misrepresenting food products such as Trix and Lucky Charms as “healthy”, per WSJ

• Airbnb is expanding to offer travelers services and experiences bookings…the services will be available in 260 cities and include chefs, trainers, stylists, and more and for experiences they will available in 650 cities and include tours, cooking classes, workshops, and more

• Anheuser-Busch InBev, the maker of Budweiser, has announced that it plans to invest $300 million into its U.S. manufacturing operations over the course of this year

• Microsoft has announced they are laying off 3% of their workforce across all levels, which is about 6,000 people

• Coinbase will replace Discover Financial Services in the S&P 500

• April CPI inflation came in at 2.3% year over year below the expectations of 2.4% and Core CPI inflation came in at 2.8% year over year which was in-line with expectations

• DOW down .64% / S&P up .72%

Bonus: A cool look at the most popular book genre in every state

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Have a great night!

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