Key occasions
Marina Dunbar
The US well being secretary Robert F Kennedy Jr on Tuesday known as sugar “poison” and beneficial that People eat “zero” added sugar of their meals, whereas acknowledging that the federal authorities was unlikely to have the ability to get rid of it from merchandise.
Kennedy, nevertheless, mentioned that higher labeling was wanted for meals and that new authorities pointers on diet would advocate folks keep away from sugar fully.
The well being and human companies secretary additionally introduced plans to get rid of the final eight government-approved artificial meals dyes from the US meals provide inside two years.
Kennedy mentioned at a press convention on Tuesday:
Sugar is poison and People must know that it’s poisoning us.
The US well being secretary Robert F Kennedy Jr on Tuesday known as sugar “poison” and beneficial that People eat “zero” added sugar of their meals, whereas acknowledging that the federal authorities was unlikely to have the ability to get rid of it from merchandise.
Kennedy, nevertheless, mentioned that higher labeling was wanted for meals and that new authorities pointers on diet would advocate folks keep away from sugar fully.
The well being and human companies secretary additionally introduced plans to get rid of the final eight government-approved artificial meals dyes from the US meals provide inside two years.
Kennedy mentioned at a press convention on Tuesday: “Sugar is poison and People must know that it’s poisoning us.”
He added moments later:
I don’t suppose that we’re going to have the ability to get rid of sugar, however I believe what we have to do, most likely, is give People information about how a lot sugar is of their merchandise, and likewise, with the brand new diet pointers, we’ll give them a really clear concept about how a lot sugar they need to be utilizing, which is zero.
The secretary mentioned the general public is under-informed about meals.
“People don’t know what they’re consuming. We’re going to begin informing People about what they’re consuming,” he mentioned.
In the meantime, he didn’t discuss vaccines or vaccinations on the press convention, however it was reported by Politico, citing sources conversant in departmental discussions, that Kennedy, a vaccine skeptic, was contemplating eradicating the Covid-19 shot from the official federal listing of beneficial inoculations for youngsters.
Steve Hilton, former David Cameron adviser, to run for California governor
David Cameron’s former prime adviser Steve Hilton has joined the 2026 race for California governor, working as a Republican to exchange the Democrats’ Gavin Newsom, who’s prevented by legislation from looking for a 3rd time period.
Hilton, who hosted a present on Fox Information for six years, launched his marketing campaign with the theme “Golden Once more: Nice Jobs, Nice Houses, Nice Youngsters”. His marketing campaign mentioned Hilton can be “reinforcing his dedication to constructive, sensible options as a substitute of at the moment’s ideology and dogma”, and that his model of “constructive populism” would concentrate on serving to working households.
Hilton was one of many then UK prime minister’s closest advisers earlier than the pair fell out over immigration and Brexit in 2016. Hilton, a former promoting govt, is believed to have been largely answerable for a number of early Cameron measures and picture alternatives together with the husky expedition to Alaska to popularise his “Vote Blue, Go Inexperienced” message.
At his marketing campaign launch in Los Angeles, Hilton took intention at state Democrats over notoriously excessive state taxes, hovering house costs and “the destruction of the California dream.”
He mentioned he would welcome working towards the previous vice-president Kamala Harris, a one-time California senator and legal professional basic who has not dominated out a run for the governorship.
Johana Bhuiyan
Analysts attribute Tesla’s general difficulties to various components, however finally conclude Musk’s function within the White Home has brought on a branding disaster for Tesla. The corporate is at a significant crossroads, analysts say, that may solely be remedied if Musk leaves his function in Doge and returns to Tesla as CEO full-time.
Along with a drop in gross sales, a 50% dip in share costs, current Tesla homeowners wish to promote their automobiles in droves, Teslas have been vandalized throughout the nation and in response to ongoing protests of the automaker, the Vancouver Worldwide Auto present eliminated the digital carmaker from its March lineup. The corporate additionally recalled 46,000 Cybertrucks – almost all that had been offered.
Musk mentioned that the drop in demand is as a result of macro financial developments – not branding. “Tesla will not be resistant to the macro demand for automobiles,” Musk mentioned. “When there may be financial uncertainty, folks typically need to pause on doing a significant capital buy like a automobile. Absent macro points we don’t see any discount in demand.”
Analysts are usually not satisfied.
“If Musk leaves the White Home there will probably be everlasting model injury … however Tesla may have its most essential asset and strategic thinker again as full-time CEO to drive the imaginative and prescient and the long run story is not going to be altered,” learn a Wedbush Securities analyst notice. Wedbush remained bullish on the corporate’s possibilities of turning its financials round. “IF Musk chooses to stick with the Trump White Home it may change the way forward for Tesla/model injury will develop.”
The corporate declined to supply forward-looking steering for the subsequent quarter citing “shifting international commerce coverage on the automotive and power provide chains”.
“Whereas we’re making prudent investments that may arrange each our car and power companies for progress, the speed of progress this 12 months will depend upon quite a lot of components, together with the speed of acceleration of our autonomy efforts, manufacturing ramp at our factories and the broader macroeconomic surroundings,” the earnings report reads. “We are going to revisit our 2025 steering in our Q2 replace.”
The corporate did warn, nevertheless, that “altering political sentiment” may meaningfully affect short-term demand for Tesla merchandise.
Johana Bhuiyan
Although Elon Musk has acknowledged there have been “rocky moments” of late, he remained optimistic about Tesla’s future.
“The long run for Tesla is best than ever,” he mentioned. “The worth of the corporate is delivering sustainable abundance with our inexpensive AI-powered robots. If you happen to say, what’s the perfect future possible, that’s what you’d need. You’d need abundance for all in a manner that’s sustainable, that’s good for the surroundings. Principally it is a pleased future, that is the happiest future you’ll be able to think about.”
That “pleased future” contains the corporate’s plans for absolutely self-driving automobiles, mentioned the billionaire CEO as he laid out an bold timeline for when he expects the automobiles to hit US roads in some cities – “by the tip of the 12 months”. Tesla has traditionally struggled to fulfill timelines Musk has publicly set for the launch of latest merchandise, particularly in relation to self-driving.
“The acid check is, are you able to fall asleep in your automobile and get up in your vacation spot and I’m assured that will probably be obtainable in lots of cities within the US by the tip of this 12 months,” he mentioned.
This is able to be on prime of the Robotaxi service the corporate plans to roll out in June. “I predict that there will probably be hundreds of thousands of Teslas working absolutely autonomously within the second half of subsequent 12 months,” Musk mentioned.
Regardless of lacking Wall Avenue expectations on the highest and backside line, preliminary analyst reactions are optimistic given many had considerably lowered their expectations after the corporate reported an enormous dip in car deliveries.
“In opposition to the backdrop of catastrophic expectations, with every part from gross sales to margins projected to proceed the hunch, the less-than-bad numbers have been acquired as welcome information by Tesla buyers,” mentioned Thomas Monteiro, senior analyst at Investing.com.
Monteiro continued:
In a curious flip of occasions, it’s as if numbers present that even on the worst second, Elon and the staff’s operation can nonetheless carry a sturdy $19.3bn in income, with complete income partly making up for the massive drop in auto income.
If that is the worst it will get for Tesla, then definitely there should be some upside for the inventory as soon as tailwinds, such because the extremely awaited cheaper mannequin and the Robotaxi, lastly hit the market later this 12 months.
Tesla buyers relieved after Musk says he’ll pull again in Doge function
The Tesla chief govt, Elon Musk, mentioned he’ll begin pulling again from his function on the so-called “division of presidency effectivity” (Doge) beginning in Might. Musk’s remarks got here as the corporate reported an enormous dip in each earnings and revenues within the first quarter of 2025 amid backlash towards his function within the White Home.
Traders have been relieved after Musk mentioned he would cut back his authorities work and spend extra time at Tesla, reported Reuters.
Whereas the transfer is welcome one investor instructed the information company, they added that it didn’t go far sufficient. Shawn Campbell, an adviser and investor at Camelthorn Investments who holds Tesla shares, instructed Reuters:
I believe extra consideration by Musk on Tesla is a web constructive for the inventory, however to see a significant transfer within the inventory we would want to see a headline extra like ‘Musk to depart DOGE to refocus on Tesla’.
Tesla noticed a 9% drop in income 12 months over 12 months within the first quarter of 2025. The corporate introduced in $19.3bn in income, properly beneath Wall Avenue expectations of $21.45bn. The corporate reported an earnings per share of 27 cents, additionally properly underneath investor expectations of 43 cents in earnings per share.
Tesla earnings additionally slid 71% to $409m in contrast with $1.39bn in web earnings the earlier 12 months.
The corporate suffered a 13% drop in car deliveries, making it the corporate’s worst quarter since 2022. Tesla closed the quarter with 336,681 automobiles delivered.
“Beginning most likely subsequent month, Might, my time allocation to Doge will drop considerably,” Musk mentioned on an investor name.
That mentioned, he expects to spend one to 2 days per week persevering with to do what he known as “essential work” at Doge “for so long as the president would love me to take action and so long as it’s helpful”.
Extra on this story in a second, however first, listed below are another developments:
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Donald Trump has mentioned tariffs on items from China will probably be lowered “considerably” however “received’t be zero”, after US treasury secretary Scott Bessent mentioned he expects a “de-escalation” within the commerce battle between the world’s two largest economies. Trump positioned import taxes of 145% on China, which countered with 125% tariffs on US items, inflicting volatility within the inventory market and concern about slowing international financial progress.
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Bessent has mentioned that he expects a “de-escalation” within the commerce battle between the US and China and that the excessive tariffs are unsustainable. “I do say China goes to be a slog when it comes to the negotiations,” Bessent mentioned, in keeping with a transcript obtained by the Related Press. “Neither aspect thinks the established order is sustainable.”
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Trump’s tariffs have unleashed a “main unfavorable shock” into the world economic system, the Worldwide Financial Fund has mentioned, because it minimize its forecasts for US, UK and international progress.
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Trump has mentioned he has no plans to fireplace the Federal Reserve chair, Jerome Powell. The president’s remark comes days after he known as the central financial institution boss a “main loser” whose “termination can not come quick sufficient”.
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The secretary of state, Marco Rubio, has introduced a proposed reorganisation of the US state division as a part of what he known as an effort to reform it amid criticism from the Trump White Home over the execution of US diplomacy.
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The embattled US protection secretary, Pete Hegseth, has defended his most up-to-date use of the encrypted messaging app Sign to debate delicate navy operations, blaming fired Pentagon officers for orchestrating leaks towards the Trump administration.
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The US well being secretary, Robert F Kennedy Jr, on has known as sugar “poison” and beneficial that People eat “zero” added sugar of their meals. He acknowledged that the federal authorities was unlikely to have the ability to get rid of it from merchandise, however mentioned higher labeling was wanted for meals and that new authorities pointers on diet would advocate folks keep away from sugar fully.
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Congressional lawmakers denounced the remedy of Mahmoud Khalil and Rümeysa Öztürk, the scholars being detained by US immigration authorities for his or her pro-Palestinian activism, as a “nationwide shame” throughout a go to to the 2 amenities in Louisiana the place every are being held.
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Greater than 150 presidents of US schools and universities have signed a press release denouncing the Trump administration’s “unprecedented authorities overreach and political interference” with increased schooling – the strongest signal but that US instructional establishments are forming a unified entrance towards the federal government’s extraordinary assault on their independence.
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