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America One News
28 Apr 2025
#politics
Fox News: Hawley reignites 'PELOSI Act' push to ban lawmakers from trading stocks
Sen. Josh Hawley is reintroducing the "PELOSI Act," which aims to prohibit members of Congress and their spouses from trading stocks while in office. The proposal has gained bipartisan support, with President Trump expressing willingness to sign it into law.
If enacted, lawmakers would be barred from buying or selling stocks, though they could invest in diversified mutual funds and U.S. Treasury bonds. Violators would have to forfeit profits to the U.S. Treasury and could face fines from ethics committees.
#foreignaffairs
Times Of Israel: Top Biden aide: Israel missed opportunity for Saudi deal; hopefully it won’t do so again
Prime Minister Benjamin Netanyahu's government reportedly missed a crucial opportunity for normalization with Saudi Arabia, as outlined by a former Biden aide. The deal hinged on a ceasefire and a political framework for a Palestinian state, which Netanyahu has consistently rejected. Biden officials expressed frustration over Netanyahu's refusal to engage in postwar planning for Gaza, viewing it as a tactic to maintain his political standing.
Despite tensions, Biden's administration has remained committed to Israel's security, even amid disagreements over military aid and humanitarian access to Gaza. As discussions for a normalization agreement with Saudi Arabia continued, the Biden team acknowledged the challenges posed by Netanyahu's coalition, particularly from far-right ministers resistant to concessions regarding Palestinian statehood.
#economy
Fox News: Trump says income tax cuts, and perhaps elimination, coming due to tariffs
President Trump claims that tariffs could lead to significant reductions or even the elimination of income taxes for individuals earning under $200,000. He asserts that the revenue generated from tariffs will allow for substantial tax cuts and the creation of numerous jobs.
He emphasizes that this approach could bring about a "bonanza for America," with plans for new plants and factories already underway. Trump is set to mark the 100-day milestone of his second term with a rally in Michigan.
GB News: Major car brands Mercedes-Benz and Audi warn Trump’s tariff' 'affect us all' and 'are not the solution'
Mercedes-Benz CEO Ola Källenius has highlighted the unprecedented complexity facing the global car industry due to rising tariffs and geopolitical tensions. He noted that increased trade barriers, particularly EU tariffs on Chinese electric vehicles and potential US tariffs, are significantly impacting manufacturers' operations.
Källenius and other automotive leaders have called for equitable solutions to these trade challenges, emphasizing the importance of open economies for innovation. As tariffs between the US and China exceed 100%, uncertainty continues to grow for global carmakers.
Forbes: China’s Wang Ning Adds $1.6 Billion To Wealth As Americans Queue For Toys
Wang Ning, CEO of Pop Mart International Group, saw his wealth increase by $1.6 billion in one day as the company's collectible toys gained immense popularity in the U.S. The stock surged 13.2%, reflecting strong demand despite high prices and trade tensions with China.
The Pop Mart app became the most downloaded shopping app in the U.S., driven by consumer enthusiasm for its Labubu dolls, favored by celebrities. With projections of 50% sales growth by 2025, the company is optimistic about expanding its overseas market, which already represents a significant portion of revenue.
#military
Le Monde: India signs deal to purchase 26 Rafale fighter jets from France
India has finalized a contract to purchase 26 Rafale fighter jets from France, enhancing its military capabilities. This deal adds to the 36 Rafale jets already acquired, as India aims to modernize its defense forces.
The new jets will replace Russian MiG-29K aircraft and will operate from Indian aircraft carriers, reflecting India's shift towards diversifying its military suppliers.