Another socialist primary win
Longtime Democrat Representative Diana DeGette lost her primary election in Colorado’s 1st Congressional District on Tuesday to young radical socialist Melat Kiros, giving the Democratic Socialists of America yet another win. The DSA’s ascendance in the Democrat Party has much to do with appeals for generational change, which was especially the case for the 68-year-old DeGette, who has occupied the seat since 1997. Kiros is an Ethiopian immigrant and Denver-area resident who is backed by Bernie Sanders and has expressed troubling antisemitic views, such as questioning the right of Israel to exist as a Jewish state, which got her fired from a New York law firm back in 2023. Hers adds to the growing list of DSA victories, now over 30 in Democrat primaries across the country.

Campaign finance decision buoys cash-flush GOP
In a win for Republicans and freedom of speech, the U.S. Supreme Court ruled yesterday in National Republican Senatorial Committee v. Federal Election Commission that spending is speech, and therefore federal limits on campaign spending are a violation of the First Amendment. The decision is “a major win for the integrity of our political system,” said NRSC Chairman Tim Scott and NRCC Chairman Richard Hudson in a joint statement. “The Supreme Court made clear that the federal government has no authority to place arbitrary limits on how political parties support the candidates they nominate.” The decision is a boon for Republicans who have a significant financial advantage over Democrats ahead of the midterms.

Supreme Court takes up AR-15 bans
The current bench of the Supreme Court sides one way or the other on various issues, but there seems to be a consistent 6-3 majority in favor of the Second Amendment. Last year, Justice Brett Kavanaugh indicated that he and three other justices — the necessary minimum to take up a case — would be interested in hearing a case on AR-15 bans that have popped up in blue states. On Tuesday, the Court decided to do just that, accepting a case challenging AR-15 bans in Connecticut and Chicago. The 2008 Heller decision ruled that the Second Amendment protects guns “in common use,” which certainly applies to the AR-15, the most popular rifle in America. The justices will hear arguments in October.

Trump likely to pull U.S. out of USMCA
President Donald Trump is expected to announce today that the U.S. will not renew the U.S.-Mexico-Canada trade pact, triggering a 10-year process to phase out the free trade zone among the three nations. The USMCA expires on July 1, 2036, unless all three nations agree to a new extension, which would add another 16-year term. “I’m not looking to renew it,” Trump mused last month. “I made the deal, and the primary reason I made the deal is that NAFTA was the worst trade deal I’ve ever seen. And I made it better. But I had the right to terminate.” Americans “don’t need anything” from Canada or Mexico, he added, “but they need everything that we have to treat us better.” Trump is likely using this as leverage to negotiate a new deal.

Trump’s crypto haul
Presidents get rich off their time in the White House. Barack Obama saw his wealth catapult upward during his time in office, and the Biden Crime Family’s influence peddling is well documented. President Trump may not be taking a salary from the American people, but that doesn’t mean being one of the most famous and powerful men alive isn’t lucrative. Last year, Trump and his family earned more than a billion dollars just from their crypto-related ventures. $TRUMP, a crypto token launched just before he took office in 2025, reported $635 million in royalties. Moreover, $500 million in income was reported by World Liberty Financial, a cryptocurrency company founded by the president, his sons, and some longtime friends. President Trump insists he’s uninvolved and that profits are due to the strong stock market.

American Marxist billionaire funding Chinese propaganda
Neville Roy Singham is an American billionaire who lives in Shanghai, China, and has been funneling millions of dollars to communist groups in the U.S. with the aim of promoting communism. A recent report from the Bitcoin Policy Institute accuses Singham of funding opposition to the building of data centers in the U.S., which are essential for artificial intelligence development. The report notes that Singham funds data center opposition groups that raise concerns about water and electricity use. “But running parallel to this domestic, democratic movement is a foreign influence campaign that has worked to amplify public division and opposition to American AI infrastructure.” Essentially, Singham is a Beijing stooge who is working to undermine the U.S. in the AI race against China.

Judge issues injunction against Pentagon’s journalist escort rule
The legal ping-pong at the Pentagon continues over journalistic access, as a federal judge retaliated with an injunction blocking War Secretary Pete Hegseth’s rule requiring journalists to have escorts to enter the building. This follows Hegseth’s first attempt to secure the Pentagon against leaks by making credentials contingent on journalists agreeing to its policy on reporting and the use of sources. The same judge slapped an injunction on that. Hegseth responded by barring all journalists from the Pentagon press room and only allowing them into the building with an escort. Judge Paul Friedman, a Clinton appointee, says this is retaliation against the press and that it violates his first injunction. An appeals court ruled against him, saying the injunction was outside the scope of his first ruling, so Friedman filed a new injunction, and The New York Times filed a new lawsuit.

Meta turbulence
Meta, the company that owns and operates Facebook, is going through some hard times. For employees, times have been hard for a while, with massive layoffs of 11,000 in 2022 and another 10,000 months later. Even that wasn’t the end, as another 3,600, whom CEO Zuckerberg claimed were “low-performers,” were laid off in 2025. In May of this year, another 8,000 were let go. Nevertheless, META currently employs nearly 79,000 people, down only 7,000 from its 2022 high. Many of those current employees, however, are irritated by new policies, such as having AI track their keystrokes and other menial tasks that are explicitly just training AI. In the UK, employees are trying to start a union, and formerly hard-nosed CTO Andrew Bosworth is now reporting that morale is probably the worst “it’s ever been.”

Headlines

• New Jersey congressman cites depression for mysterious four-month absence (WSJ)

• Dem senator faces DOJ probe after allegations of spending campaign funds on luxury lifestyle (Fox News)

• CO Supreme Court knocks down Dem redistricting plan (Hot Air)

• DOJ, states reach agreement with egg producers on price manipulation investigation (Reuters)

The Executive News Summary is compiled daily by Jordan Candler, Thomas Gallatin, Sterling Henry, and Sophie Starkova. For the archive, click here.