Sunday, May 31, 2026

'Something happening' in Texas as furious GOP voter says she will 'turncoat' against party

Tom Boggioni
May 29, 2026 
RAW STORY


Texas Republican Cheryl Shadden (MS NOW screenshot)

Texas Republicans have to deal with more than just being stuck with scandal-plagued Attorney General Ken Paxton as they hope to hang onto a US Senate seat sought by Democratic rising star James Talarico.

According to a report from MS NOW’s Josh Einiger, there is a massive groundswell of anger aimed at AI data centers and voters are blaming the Republican Party for turning a blind eye to their concerns.

As one Republican voter put it, she didn’t care if the Senate flipped to the Democrats because she feels betrayed.

After speaking with multiple Republican voters in Burlington, Texas, Einiger told host Chris Jansing, “They feel taken for granted and left behind by the very people they elected to represent them, whether it's at the local level, the state level, or in the White House. Of course, you know, this is an area where people are very conservative, Christian conservatives, and they blame the president, their governor, for creating a world where a lot of these AI data centers are able to come in there.”

“There's not a lot of regulation,” he elaborated. “These are unincorporated parts of central Texas. And, you know, these large tech companies come in there, they're able to negotiate tax incentives, tax abatements. They spend less in tax than they would perhaps otherwise. And in exchange, people are getting higher, you know, electricity rates because the point of these facilities is they just they just swallow up so much power because what they're doing is they have just millions of computers. They have to keep them cool. Cooling them takes power — it takes water. And so just the natural resources. And it's really, really upsetting a lot of the people who live nearby.”


Conservative voter Rena Schroeder told him, “Conservative Republicans feel like they're not being heard anymore. That was a big voice that I heard through the whole campaign. They're not being heard by Republican candidates and officials, elected officials. I'm very disappointed and I'm hurt, and I do not like to be lied to.”


Self-identified GOP voter Linda Polley agreed and added, “I'm just heartbroken. I mean, I am absolutely heartbroken. The public is now seeing through the illusion. They are now realizing that left and right has been nothing more than to keep us divided.”

GOP voter Cheryl Shadden was even more vehement when asked if she is going to vote for Democrat Talarico.

“Oh, absolutely. I will turncoat and vote for any Democrat that is championing the cause of the community,” she snapped.


Einiger told host Jansing, “Fascinating, right? And I asked that woman, I asked her in a different way. I said, so, you know, this is obviously the Senate race. It's a race [for a seat] been held by Republicans in 1993. You know, Ken Paxton just won the nomination. And and James Talarico is the Democrat in the race. And I said to her, I said, if you vote for Talarico and you want this Texas seat to flip to blue — that means you're willing to flip the Senate to the Democrats. And you have all these issues that you're conservative on that you believe in, you've been voting on for your whole life. You're willing to let them all, leave them all behind. She said ‘yes.’”

“And she knows a lot of people who feel the same way,” he added. “So look, Chris, this is anecdotal. This is a small number of people, it's not scientific, but there's something happening on the ground in this very ruby red area of a red state that is definitely worth watching.”



Trump slip-up reveals he's willing to drag GOP down in latest 'delusion': columnist

Nicole Charky-Chami
May 28, 2026 
RAW STORY



President Donald Trump points his finger during a cabinet meeting in the Cabinet Room at the White House, in Washington, D.C., on May 27, 2026. REUTERS/Evan Vucci

President Donald Trump blurted out an "extraordinary quote" this week that was a stunning admission, a political columnist said on Thursday.

In a new episode of "The Daily Blast" podcast from The New Republic, Greg Sargent described why Trump's statement during the Cabinet meeting at the White House on Wednesday — "I don't care about the midterms" — was so revealing, especially as the Republican Party has started to signal panic about the fall elections.

"In discussing what just happened in Texas, where the MAGA extremist will now be the GOP nominee in the Senate race, Trump accidentally revealed that he’s still under the delusion that he and MAGA are popular," Sargent said.

"Meanwhile, three different indicators in the polling contain terrible news for Trump and the GOP. And new reports say that Republicans are growing more alarmed about the midterms. Some of them are plainly afraid to say so. So how much longer can they stand by while Trump drags them down?"

Sargent described what Trump might actually think, despite fears among GOP leaders.

"I think this is quite literally true," Sargent said. "He doesn’t care what happens to Republicans, really. He really doesn’t give a s---. And it’s also true that Trump’s war is absolutely tanking their chances."

Sargent's guest on the podcast, The New Republic contributing editor Felipe De La Hoz, viewed Trump's comments as equivalent to throwing his allies under the bus.

"I think it could be interpreted as him saying that this is an indication of the strength of his brand, which I think is mistaken," De La Hoz said.

"We saw something similar play out in 2018 and 2022 with his MAGA candidates winning primaries and then getting slaughtered in the general," De La Hoz added.

Trump's endorsement of Texas Attorney General Ken Paxton to challenge longtime Texas Republican Sen. John Cornyn might have left him feeling more confident after Paxton's victory in the runoff in Texas on Tuesday. But it also gives Democrats a path to potentially flip the deep red state's Senate seat blue with candidate Rep. James Talarico (D-TX), which De La Hoz argued could be possible.

"I think in my lifetime — presuming that we maintain the same sort of electoral political system — I think that it’s entirely conceivable, and I would say even likely, that at some stage a Democrat will win a statewide race in Texas, just given the demographics, given what we’ve seen," De La Hoz said. "I don’t know if it’ll be Talarico, but it could be. I don’t think that this is a crazy pie-in-the-sky idea."

But it won't be easy for Democrats, Sargent argued.

"It’s going to be a big lift for Talarico to get there," Sargent said.

"It’s not impossible though. And even if he loses, he’s probably going to end up forcing Republicans to spend hundreds of millions of dollars to save Texas, which could impact the rest of the map. Just want to clarify though — Talarico could win. It’s possible, just very hard," Sargent added.

Graham Platner's wife breaks silence about 'gossip' in video response to sexting scandal

Bennito L. Kelty
May 30, 2026 
RAW STORY


Senate candidate Graham Platner's wife, Amy Gertner, blasted the attention paid to her husband's sexting scandal (X/Graham Platner for Senate/screenshot)

The wife of embattled Democratic Maine Senate candidate Graham Platner fired back at headlines swirling around her husband's newly revealed sexting scandal.

In a video posted by Platner's campaign, Amy Gertner said she's feeling "angry" and "disappointed." According to new reporting by the Wall Street Journal, Gertner told the campaign last August about sexually explicit texts she found on Platner's phone.

"I find it really shameful that there's a group of media outlets and people willing to spread gossip instead of talking about real issues that Graham is running on, like health care and education, and child care," Gertner said. "It's shameful behavior to spend time and energy and resources on negative ads and negative stories."

She defended Platner, who's running to unseat Sen. Susan Collins (R-ME).

"I admire the f--- out of him," Gertner said. "I don't want a perfect marriage. I want my marriage, and I want to be married to Graham. I knew the man I married is wonderful and dynamic and probably a genius."

She also spoke about challenges with infertility, saying, "Being newly married, going through infertility, and a Senate campaign is hard," and describing the situation as "extra s---."



Trump suffers two huge court losses in one day as his legal nemesis hails 'landmark day'


David McAfee
May 31, 2026 
RAW STORY


U.S. President Donald Trump speaks during a meeting with South Korean President Lee Jae Myung (not pictured) on the sidelines of the Asia-Pacific Economic Cooperation (APEC) leaders' summit in Gyeongju, South Korea, October 29, 2025. REUTERS/Evelyn Hockstein

Norman Eisen, the former White House ethics czar who has been coordinating legal challenges against the Trump administration, declared Friday a landmark day for democracy after courts handed him back-to-back wins on two of the most high-profile cases in his portfolio.

In a Substack post titled "Contrarians Strike Two Mighty Blows Against Trump," Eisen described the victories as among the biggest in his organization's more than 300 active legal cases and matters.

The first came in the Kennedy Center case, where a federal judge blocked the administration's attempt to close the venue for renovations and ordered Donald Trump's name stripped from the building and its official title within two weeks. The court ruled that only Congress has the power to change the name of the national cultural landmark. Eisen helped argue the case alongside Democracy Defenders Action, the Washington Litigation Group, and Rep. Joyce Beatty of Ohio, the lead plaintiff.

The second win came in Florida, where Judge Kathleen Williams reopened Trump's IRS lawsuit after Eisen and his partners filed a motion on behalf of 35 bipartisan former federal judges. The judges argued that Trump's $1.8 billion anti-weaponization settlement was a fraud on the court, used to funnel taxpayer money to political allies while shielding Trump, his sons, and his businesses from future prosecution. Williams launched a formal investigation into whether the court had been deceived.

Eisen noted that additional courts were also moving against the fund. A judge in the Eastern District of Virginia entered a temporary restraining order blocking the $1.8 billion fund from operating while the case is argued, and Citizens for Responsibility and Ethics in Washington filed for similar emergency relief in D.C. federal court.

"I don't think I have ever had two of my cases as the top two stories on both The New York Times and The Washington Post websites," Eisen wrote in the Substack piece, "but that happened Friday because these two wins were good news for democracy."


‘A 1-2 Punch Against Trump’s Corruption’: Judge Blocks Renaming, Closure of Kennedy Center

“Congress gave the Kennedy Center its name, and only Congress can change it.”



Workers add President Donald Trump’s name to the John F. Kennedy Memorial Center for the Performing Arts in Washington, DC on December 19, 2025.
(Photo by Heather Diehl/Getty Images)


Brett Wilkins
May 30, 2026
COMMON DREAMS


A federal judge ruled Friday that President Donald Trump’s renaming of the John F. Kennedy Memorial Center for the Performing Arts after himself is illegal and temporarily barred the president from shuttering the Washington, DC cultural institution for renovations.

Trump’s effort to rename the iconic Kennedy Center the Trump-Kennedy Center came after the president used his authority to purge the institution’s board and appoint new trustees. In an unprecedented move, the trustees then voted to make Trump the center’s board chair. Last December, the board voted unanimously to rename the institution—a move that violated federal law.

Congresswoman Joyce Beatty (D-Ohio), an ex officio member of the Kennedy Center board, sued over the name change, which outraged many Americans and, along with Trump’s addition of his name to the US Institute of Peace, sparked legislation aimed at banning the naming or renaming of federal assets after sitting presidents.

“May the John F. Kennedy Center for the Performing Arts be renamed absent Congressional authorization? The answer, plain from the face of the statute, is no,” US District Judge Christopher Cooper wrote in his ruling on Beatty’s suit. “Nor can any other individual be memorialized on the front portico of the building.”



Originally called the National Cultural Center, the Kennedy Center was renamed via an act of Congress following former President John F. Kennedy’s 1963 assassination.

“It is hard to imagine a more intentional legislative effort to call the Center by its chosen name,” Cooper—an appointee of former President Barack Obama—wrote. “The organic statute also takes pains to ensure that the Kennedy Center’s public spaces honor President Kennedy and President Kennedy alone... The prohibition is unambiguous.”

“Congress gave the Kennedy Center its name, and only Congress can change it,” the judge added.

Cooper also temporarily blocked Trump’s planned two-year closure of the Kennedy Center for renovations.

“In ratifying President Trump’s closure announcement, the Board was derelict in discharging the full range of its responsibilities to the Center,” he wrote. “More specifically, the Board based its decision on an insufficient, one-sided presentation of information and
neglected to consider the full range of its statutory obligations and potential adverse consequences of closure on programming and memorial functions.”

While Trump claimed the decision to shutter the Kennedy Center was based on input from a group of “many Highly Respected experts,” who said the center was “tired, broken, and dilapidated,” critics including John F. Kennedy’s descendants pointed to artists not wanting to perform there after the president’s takeover and purge, which resulted in programming including the world premier of a documentary film about his wife panned by one critic as “a scowling void of pure nothingness.”

Cooper said that the Kennedy Center could be allowed to close “after independently balancing its multiple obligations to the Center in a prudent fashion.”

Beatty welcomed Cooper’s ruling, which she said “rightly affirms that this administration’s efforts to rename and close the Center have no basis in law.”

“The Kennedy Center is an institution that belongs to the American people, not to Donald Trump,” she added. “He has desecrated this sacred memorial for his own vanity. I am proud to have fought for the rule of law and to protect this sacred institution.”

Trump, meanwhile, took to his Truth Social network to rail against Cooper, “a Judge appointed by Barack Hussein Obama.”

“Cooper ruled that The Kennedy Center, which was going to close in early July for largescale renovations and construction due to years of neglect, decay, and poor maintenance, and which was to be transformed by the Trump Administration into the Finest Facility of its kind, anywhere in the World, is not allowed to close for these renovations, which would not be possible to properly do without such a closure,” the president wrote.

“Additionally, Judge Cooper ruled that the 36 Member Board of Trustees, which unanimously voted to add the name ‘TRUMP’ onto the former Kennedy Center, making it The Trump Kennedy Center, did not have the right to do such an addition, and the name, ‘TRUMP,’ must be removed,” Trump’s screed continued.

“I took great pride in taking over a losing Institution, and looked forward to making it into a Great and Prestigious WINNER for Washington, D.C., and indeed, the United States of America,” he continued. “Unfortunately, Judge Cooper and the Radical Left would rather see it DIE than have President Trump transform it into something that everyone could be proud of, much as I have done, in many cases, throughout my life.”

“Therefore, based on the fact that the Radical Left Democrats care more about opposing your favorite President, ME, than saving a dying Performing Arts Center, almost all of which lose large amounts of money throughout the Country, we are going to be working with Congress to transfer this failing Institution back to them so they can make a determination as to what to do with it,” Trump said.

“Judge Cooper should be ashamed of himself! I cannot be involved with a situation where danger to the Public is allowed to flourish in plain and open sight,” the president wrote. “Unless I am free to do what I do better than anyone else, bring this Institution back, physically, financially, and artistically, I have no interest in continuing what could only be a hopeless journey into ‘NEVER NEVER LAND.’”

“There has never been a President of the United States who has been treated so unfairly by the Courts as I,” he added, “but, that’s OK, I will continue to do, what is considered to be, a great job for the wonderful people of our Country.”
'Layer of green murk' could plague Reflecting Pool due to Trump admin oversight: report

Alexander Willis
May 31, 2026


Workers continue renovations on the Lincoln Memorial Reflecting Pool, which is painted blue, in Washington, D.C., U.S., May 2, 2026. REUTERS/Ken Cedeno

The ongoing renovations to the Lincoln Memorial Reflecting Pool being carried out by the Trump administration have yet to address a major “underlying problem,” according to documents obtained and reported on by The New York Times, a problem that if not addressed, could leave the floor of the iconic pool “invisible under a layer of green murk.”

“Twelve-inch pipes under the surrounding parkland are responsible for moving large volumes of water from the pool to [a] treatment plant and back again. When it works, that system is supposed to filter all of the pool’s four million gallons every three days or so,” reads the Times’ report.

“But these pipes often break and leak. The Park Service has said their plastic walls fail under pressure from the surrounding soil. When the pipes break, they have to be shut off, and the pool is disconnected from its filtration system. It is left stagnant, sometimes for weeks.”

And yet, the Trump administration has yet to replace what would be “thousands of feet of pipe," and while the administration has claimed to have “plans” to address the issue this fall, officials have “declined to give details," according to the Times.

Initially projected to cost $1.8 million, the cost of the Reflecting Pool renovations has since ballooned to $13.1 million. Atlantic Industrial Coatings was awarded the contract for the project by the Trump administration in a controversial no-bid contract that critics say bypassed the normal competitive bidding process. Trump has also denied knowing the contractor, despite previously praising them for having worked on a swimming pool at one of his golf clubs in Northern Virginia.

“If the pipes connecting the pool to the treatment plant are not fixed, experts on the pool say, the algae could come back,” the Times’ report reads. “If that happens, the pool’s newly waterproofed blue floor could again be invisible under a layer of green murk.”
Reporter hits back as Trump official defends begging troops to watch White House UFC fight

David McAfee
May 30, 2026 
RAW STORY


Sean Parnell at a President Donald Trump rally on September 22, 2020, Pittsburgh, Pennsylvania. - Niyi Fote/TheNEWS2 via ZUMA Wire/TNS

Washington Post Pentagon reporter Dan Lamothe delivered a point-by-point rebuttal Friday after a Trump administration official attacked his reporting on UFC tickets being offered to U.S. troops, noting the official's team had refused to comment before turning around to publicly criticize the story.

Sean Parnell, the Assistant Secretary of the Army for Manpower and Reserve Affairs, called the Post's story "disingenuous," arguing that the White House and UFC were "generously offering tickets" to service members and their families for what he called "a once in a lifetime experience."

Lamothe was unmoved. "Sean's team declined/failed to comment for this story for a full day, both before and after publication," he wrote on X. "Then they posted this publicly today."

He then laid out exactly what the story reported: that UFC has long been popular with U.S. troops, that there is an organized effort to find troops interested in attending, that troops must pay for their own travel according to several messages obtained by the Post, and that there are height and weight restrictions on which troops can attend.

"All of that is true and accurate," Lamothe wrote, before closing with four words that said everything: "Have a good one."

Parnell did not immediately respond to Lamothe's rebuttal. The exchange highlights a recurring pattern in the Trump administration of attacking press coverage after declining to participate in it.









DHS looking into selling Kristi Noem's 'shagtastic' luxury jet: report

Bennito L. Kelty
May 30, 2026 
RAW STORY


U.S. Homeland Security Secretary Kristi Noem attends a House Homeland Security hearing entitled "Worldwide Threats to the Homeland," on Capitol Hill in Washington, D.C., U.S. December 11, 2025. REUTERS/Elizabeth Frantz


The Department of Homeland Security is looking into selling the $70 million luxury jet acquired by its former chief, Kristi Noem, according to reporting by NBC News.

The Boeing 737 Max 8 that Noem bought with taxpayer money was fitted with a queen bed, kitchenette, and cream leather seats and lent to First Lady Melania Trump. Noem insisted that it was for deporting immigrants and that she didn't recognize photos of it during a congressional oversight hearing.

DHS officials, however, have openly doubted that the jet was used for deportations, calling the idea "far-fetched." The jet carries 18 passengers, with sleeping room for 14. Commentators have described the jet as "shagtastic" and pointed out that Noem flew in it with former special government employee Corey Lewandowski, who was long rumored to be her lover.

With Noem out of the job, the jet is now one of several planes that DHS is looking to sell, officials with the department told NBC News. No decision on whether to sell it has been made.

DHS and Immigration and Customs Enforcement (ICE) also have it in mind to put several mega-warehouses on the market. The warehouses were also acquired under Noem amid plans to detain 100,000 immigrants nationwide.

Japan population sees record five-year drop: census


ByAFP
May 28, 2026


Official data showed that the number of births in Japan fell for the 10th straight year in 2025 - Copyright AFP Kazuhiro NOGI

Japan’s population dropped by a record 2.5 percent in the span of five years, census data showed Friday, as the world’s fourth-largest economy struggles to overcome demographic woes.

A preliminary tally of Japan’s census, released every five years, found that the population slipped to 123 million people in 2025 — more than three million fewer than when the survey was last carried out in 2020.

It was the biggest decrease since the twice-a-decade survey started in 1920, and more than triple the decline recorded between 2015 and 2020.

The data “once again confirmed the population decline in our nation is deepening,” top government spokesman Minoru Kihara told reporters.

Japan has one of the world’s lowest birth rates and an ageing population.

While immigration is often floated as a solution to Japan’s shrinking demographic, Prime Minister Sanae Takaichi is pushing for tougher measures against an inflow of foreigners.

Official data showed that the number of births in Japan fell for the 10th straight year in 2025, with a total of 705,809 babies born.

Central and local government officials have tried with limited success in recent years to incentivise marriage and childbirth, from launching dating apps to boosting child-rearing allowances and subsidising parental leave.
New gold rush threatens indigenous havens in Brazil’s Amazon


By AFP
May 28, 2026


In February, guns were briefly drawn on both sides when chief Bepdjo Mekragnotire and a group of Kayapo warriors came across miners in a canoe - Copyright AFP Evaristo Sa


Fran BLANDY

Indigenous chief Bepdjo Mekragnotire is once again preparing to lead a group of warriors to chase wildcat gold miners away from his people’s territory in Brazil’s Amazon rainforest.

Wearing a red feather headdress, Bepdjo told AFP of rising tensions with intruders in the Bau Indigenous Territory in Para state, four years after his people expelled almost 200 prospectors.

“The miners are stubborn. They enter by any means. Because today the price of gold is very high,” Bepdjo, 45, told AFP in Pykany, a village of his Kayapo people in a territory neighboring Bau.

“We have to expel them, otherwise, they’ll just keep pushing in.”

The price of gold — a safe-haven asset in troubled times — has hit a new era of record highs amid global instability.

This is pushing wildcat miners into relatively untouched areas like Bau.

In February, guns were briefly drawn on both sides when chief Bepdjo and a group of Kayapo warriors came across miners in a canoe. He said they kicked out 24 people.

Afterward, a coalition of Indigenous organizations, in a letter seen by AFP, warned authorities including the IBAMA environmental agency, of “the imminent risk of a large-scale armed conflict,” and asked them for help.

Bepdjo is tired of waiting.

“We don’t know how many prospectors are inside, we just get there and see,” he told AFP.

Jair Schmitt, acting president of IBAMA, told AFP that the agency was focused on Indigenous territories “facing particularly critical situations. IBAMA cannot be physically present in every area.”



-‘Deeper into the jungle’ –



Experts see protected Indigenous lands as one of the best defenses against climate change and deforestation.

From the air, on a flight with Greenpeace, AFP witnessed the crushing pressure on protected areas — and the difference that the tribal areas make.

Vast landscapes of rivers gouged out for mines and forest broken by farmland came to a dramatic halt at the border of the Indigenous territories, where the lush green canopy resumed as far as the eye could see.

Amazon Mining Watch said an area of 223,000 hectares was impacted by mining in Brazil between 2018 and 2025 — almost 80 percent of it illegally.

Since leftist President Luiz Inacio Lula da Silva returned to office in 2023, his government has cracked down on wildcat mining. His far-right predecessor Jair Bolsonaro had been accused of fostering a climate of impunity in the Amazon.

But mining barons, whose operations have turned from true artisanal mining to multi-million dollar operations using large machinery and fleets of small planes, have adapted quickly.

Nilton Tubino, appointed by Lula’s government to lead operations to protect Indigenous territories, told AFP that a “new gold rush” was fueling illegal mining across the Amazon.

“The miners are retreating deeper and deeper into the jungle,” he said.

“We are constantly grappling with the challenges posed by the sheer scale of these territories… and the organizations’ capacity to rapidly rebuild what we destroy.”

In the past three years, IBAMA has destroyed more than 690 excavators, 1,300 barges and 80 aircraft — equipment worth almost $800 million.

Schmitt of IBAMA said the greatest difficulty was “confronting organized crime” as major factions, the Primeiro Comando da Capital (PCC) and Comando Vermelho (CV), have expanded into the Amazon.

These groups were on Thursday designated as terrorist organisations by the United States.

– ‘Ghost mines’ –



The Escolhas Institute, which analyzes Brazil’s gold supply chain, said the country produced 71 tons of gold in 2025, mainly exported to Canada, Switzerland, and the United Kingdom.

Brazil is working on new legislation to bolster gold tracking, alongside police initiatives like a library of gold “DNA” to trace the origin of the ore back to specific sites in the Amazon.

Larissa Rodrigues from the Escolhas Institute said that due to a government clampdown, gold that previously “exited Brazil through the front door” was being smuggled out through countries like Guyana or Venezuela.

Other loopholes exist to launder gold, such as “ghost mines,” detailed in a Greenpeace investigation published Friday.

The sites hold artisanal mining permits and declare gold sales but when you fly over them, there is no sign of extraction activity.

Danicley de Aguiar, coordinator of Greenpeace Brazil’s Indigenous Peoples’ campaign told AFP that gold taken from protected areas was likely laundered through such schemes.

Fernando Lucas, president of the Federation of Gold Miners’ Cooperatives in Para, told AFP that he was sick of miners being “branded as criminals”.

He said many want to operate legally but get caught up in red tape and called for a more “organized, sustainable model.”



– ‘Temptation’ –



Chief Bepdjo is also dealing with divisions among his own people, some of whom — including his predecessor — support wildcat mining.

The dispute pushed some village residents to move to the other side of the river.

“Very often the miners themselves come to talk to us, offering money, saying ‘you’ll have a car, you’ll have women’, so it’s a temptation. A young person who doesn’t think it through will want those things,” said Takagmoro Kaiapo, 25, son of the former chief.
Universal Music rejects takeover bid from Pershing Square


By AFP
May 29, 2026

Entertainment giant Universal Music Group (UMG) on Friday rejected an investment and restructuring proposal from US hedge fund Pershing Square put forward in early April.

The bid by activist investor Bill Ackman would have increased Pershing Square’s stake in the music label, home to Taylor Swift, Bad Bunny, The Weeknd and Sting, to just under 30 percent, according to a calculation by AFP.

The US fund had proposed to offer UMG shareholders either a combination of shares in a new company, Pershing Square SPARC, and cash, or $22 per share in cash.

After the merger, the new entity would be listed on the New York Stock Exchange.

“UMG’s stock price has languished due to a combination of issues that are unrelated to the performance of its music business,” Ackman said in a statement when the bid was announced.

The statement pointed to uncertainty about French conglomerate Bollore’s plans for its 18 percent stake in Universal, a delay in listing on the US stock market, and “underutilization of UMG’s balance sheet” among concerns that have held back the shares’ performance.

Pershing Square bought 10 percent of UMG from the French media giant Vivendi, also owned by Bollore, in August 2021. But Pershing now holds only about 4.7 percent, according to UMG’s latest annual report.

Europe’s green jet fuels see upside in Iran war


ByAFP
May 31, 2026


The Mideast war, kicked off by a US-Israeli attack on Iran, has squeezed Europe's jet fuel supplies - Copyright AFP/File JOE KLAMAR


Umberto BACCHI

At a plant near Frankfurt, in Germany, hydrogen and CO2 sourced from a chlorine factory and a biogas facility nearby are piped into a reactor and — after a few more steps — turned into jet fuel.

Interest in such synthetic propellants is growing as the Iran war pushes Europe to reassess its dependencies, raising hopes of a turnaround for the struggling sector, according to industry experts.

The conflict “made the business case for e-SAF much stronger,” Mariano Berkenwald, head of strategy at Ineratec, the firm operating the Frankfurt facility, told AFP.

Before the war squeezed Europe’s jet fuel supplies, electro-Sustainable Aviation Fuel (e-SAF), was largely touted for its climate friendly credentials.

Doing away with oil, it can reduce by 90 percent planet warming emissions from aviation — itself responsible for up to four percent of all greenhouse gases released in the European Union — proponents say.

Brussels has made it a key component of a push to green up transport, mandating fuel suppliers to blend at least 1.2 percent of the stuff into the kerosene made available at EU airports by 2030 and 35 percent by 2050.

But the sector has struggled to take off, bogged down by high costs and low investments.



– ‘Zero’ to hero? –



Founded 10 years ago, Ineratec launched production last year — and its small German facility is currently the only one in Europe making the propellant.

About 40 more projects under development are stuck in a rut, unable to secure the funding needed to start production plants, said Camille Mutrelle of advocacy group Transport & Environment (T&E).

Europe needs roughly nine more bigger factories to meet the 2030 target but “we still have zero”, she said.

Ineratec’s plant churns out some 2,500 tonnes of fuel a year, enough to power only about 50 transatlantic flights.

With the clock ticking, Brussels, which recently scaled down the ambition of other climate goals, notably for cars, has been under pressure to scrap the target or at least the hefty fines suppliers would face for not meeting it.

The industry was braced for a review of the mandate due next year.

It now believes the Iran war and the resulting closure of the Strait of Hormuz, a key shipping lane for global gas and oil, might have changed the momentum.

Since its key ingredients can be sourced entirely in Europe, e-SAF has drawn attention from military forces, which worry about the ready availability of fuel to power fighter jets, helicopters and other vehicles — and could pay a premium for it, according to Matteo Mirolo, an aviation consultant specialising in sustainable fuels.



– Defence interest –



E-SAF costs about 10 times more than kerosene and even supporters concede it is unlikely to ever match the price of its fossil fuel-based rival.

Germany’s armed forces recently tested Ineratec’s fuel. And other governments are known to have expressed interest in building capacity, said Mutrelle.

“The current crisis is a wake-up call regarding Europe’s energy independence,” said Ourania Georgoutsakou, managing director of Airlines for Europe, a civil aviation lobby group.

Making sustainable fuels cheaper and more readily available should be “an urgent strategic priority”, she added.

Supporters hope that getting governments behind the technology could finally persuade investors to bet on it.

Doubts over the sector and low prospective returns meant that energy majors have so far largely stayed away, preferring to invest in biofuels, said Mutrelle.

Derived from waste, these propellants are also part of the EU’s climate plans.

But production often relies on waste oil and fat imports from China, which makes them less palatable from a security of supply perspective.

Fuel manufacturing group FuelsEurope did not reply to a request for comment.

The European Commission said it was considering the establishment of an EU financing mechanism for e-SAF to support development.

“We need home-grown energy, including fuels and aviation fuels,” a commission spokesperson said.

Berkenwald of Ineratec said the company has been getting more calls of late but they are yet to translate into contracts.

“We are hopeful that that’s where this is heading,” he said.