Good afternoon,

Today is Holocaust Remembrance Day (or “Yom Hashoah”), a day of commemoration in Israel and around the world memorializing the 6 million Jews killed in the Holocaust.

• While the term “Holocaust” specifically refers to the systematic persecution and murder of Jews by the Nazi regime, the Nazis also targeted other minority groups such as the Roma, gay and disabled people.

• In Israel, the day was formally marked at 10 a.m., when a two minute siren brought the entire country to a standstill.

  • Drivers pulled their cars to the side of the road, and pedestrians came to a halt to observe a moment of silence.

• There are actually two Holocaust memorial days: The International Day of Holocaust Remembrance in January commemorates the liberation of the Auschwitz concentration camp in 1945, and the Israeli one today marks the anniversary of the Warsaw Ghetto Uprising in 1943.

Yom Hashoah overlaps this year with Armenian Genocide Remembrance Day, which honors the millions of Armenians systematically killed and exiled from the Ottoman Empire, beginning in 1915. Both atrocities face denial to this day. The Armenian genocide remains unrecognized by several governments.

Sam
Associate Producer

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🚨 ONE IMPORTANT THING

Elon Musk Says He’s Decreasing DOGE Duties, Same Day Tesla Reports One Of Its Worst Quarters

Billionaire Elon Musk said his time working for the U.S. government “will drop significantly” starting next month, after weeks of declining Tesla sales and market losses. The announcement this week also comes as Musk’s reputation has suffered a decisive hit after he slashed jobs and funding from various federal agencies, while feuding with many of Trump’s Cabinet members.

• Shares of Musk’s electric vehicle company, Tesla, have been up after Musk announced he’d dial back his role as leader of the U.S. Department of Government Efficiency (DOGE), despite the company reporting that its profit was down 71% in the first quarter of 2025 — one of its worst quarters in recent history.

  • This also comes as the overall market has rallied after Trump announced hopes to bring down China’s 145% tariffs.

• Musk’s 130-day mandate as a special government employee tasked to eliminate “waste and fraud” was always set to expire at the end of May. He told investors he will likely still be working 1-2 days a week on government matters, but "will be allocating far more of my time to Tesla now that the major work of establishing the Department of Government Efficiency is done.”

TESLA’S DECLINE
Since Trump took office with Musk by his side, Tesla’s global vehicle deliveries fell 13%, shares are down 40%, and there have been dozens of attacks on Tesla dealerships, cars, and charging stations. Musk acknowledged the “blowback” on Tesla’s earnings call this week. The company attributed declining sales in part to “changing political sentiment.”

• That being said, Tesla’s profit declines are due to much more than consumer backlash to Musk. Tesla is also facing 25% automotive tariffs on many of its car parts and China has been pulling ahead in the electric vehicle space.

• Reality check: Tesla is still the #1 car company in the world by market cap – at more than $800 billion, nearly 4x its closest competitor, Toyota. Musk also remains the wealthiest person in the world.

WHAT ABOUT DOGE?
Musk appears to have scaled back his ambitions for DOGE, recently saying it was on track to cut $150 billion from government spending this year. That’s about 8% of his original goal of $2 trillion in cuts.

• Musk’s ‘move fast and break things’ approach frustrated agency heads, led to his low public approval ratings, and – in recent weeks – it started to feel like Trump saw him as political baggage.

  • Meanwhile, reports of Musk sparring with Trump’s Cabinet members have become more frequent. One administration official who supports DOGE told Axios, “Elon's antics are just a bit much.”

• Still, Trump said Wednesday that Musk “was a tremendous help, both in the campaign and in what he’s done with DOGE,” while acknowledging he has to let Musk go. Musk has said he will still contribute to DOGE in a more limited capacity.

🚨 ONE THING WE’RE WATCHING

Canada’s Liberal PM Leads In Polls As Conservative Frontrunner Struggles After Trump’s Tariffs

Early voting for Canada’s Monday elections are already breaking records, as polls  show Prime Minister Mark Carney’s Liberal Party is expected to pull off a narrow victory. Conservatives had a more than 20-point lead before President Trump took office. Since then, Canadians have grown skeptical of Conservative Party leader Pierre Poilievre’s Trump-like rhetoric and criticized him for not pushing back on the White House enough.

The Liberal Party is likely to form a narrow majority government, winning between 163 and 201 of the 443 seats in Parliament, according to a YouGov poll. 

PUSHBACK TO TRUMP
Carney, 60, is a Harvard-educated former central banker who has only been in office for a month. A businessman with no prior political experience, he became prime minister and leader of the Liberal Party after Justin Trudeau announced his resignation in January. Trudeau stepped down amid in-party fighting over issues like immigration and inflation. Shortly after taking office, Carney called a snap election when polls began to tighten between the country’s two major political parties. 

• Much of the campaign has focused on Canada’s response to Trump. During closing statements at the election’s only English-language debate last Wednesday, Carney promised a firm approach to Trump’s tariffs while reaffirming Canada’s sovereignty. Poilievre, meanwhile, said he would “cut taxes, red tape, and approve our resource projects so that we can get our goods to market and bring home the jobs, so we stand up to President Trump from a position of strength.”

On Wednesday, Trump repeated to reporters that Canada would “cease to exist” without the U.S. He also suggested increasing the 25% tariffs he imposed on Canadian cars, but declined to comment further on the election.

⏳ SPEED READ

🚨NATION

📌 Gunman who opened fire at Highland Park July 4th parade gets seven life sentences (MO NEWS)

📌 Jury decides Norfolk Southern should pay for the $600 million settlement in 2023 Ohio derailment (CNN)

📌 Trump asks Supreme Court to allow ban on transgender members of the military to take effect, for now (AP)

📌 Teen charged with allegedly starting massive New Jersey wildfire (ABC 7)

🌎 AROUND THE WORLD

📌 'Vladimir, STOP!' Trump says to Putin after deadliest Russian strike on Kyiv in months (MO NEWS)

📌 Iran raised possible interim nuclear deal with U.S., sources say (AXIOS)

📌 Four students stabbed, one fatally, at Catholic school in France, suspect arrested (FOX)

📌 Former S Korea president Moon Jae-in indicted for bribery (BBC)

📱BUSINESS, SCIENCE & TECH

📌 Home sales at record low in U.S. since financial crisis (POLITICO)

📌 U.S. companies from Chipotle to Pepsi express dread about tariffs (CNBC)

📌 Nintendo Switch 2 preorders cause overwhelming demand after delays (THE VERGE)

📌 Hubble Space Telescope celebrates 35th year in orbit (SCIENCE NEWS)

🎬 SPORTS & ENTERTAINMENT

📌 Cornell University cancels concert of singer Kehlani after complaints of "antisemitic and anti-Israel comments (USA TODAY)

📌 Pedro Pascal calls J.K. Rowling a “heinous loser” for anti-trans views (PEOPLE)

📌 RuPaul’s Drag Race star’s leg amputated (ENTERTAINMENT WEEKLY)

📌 Lorde releases new single after surprise concert in Washington Square Park (PITCHFORK)

ICYMI FROM THE 📲

In case you missed it… Carrie Underwood reunited with Make-A-Wish alum Noel Miller during the final show of her Las Vegas residency. They first met in 2008 when 12-year-old Miller’s wish to meet the country star was granted while she was battling a heart condition.

Miller, now 28, joined Underwood onstage to perform her hit “All-American Girl.”

Sing your hearts out, ladies 😭