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📊 Meta Faces $200B Penalty Risk in New Mexico Jury Verdict

A New Mexico jury found Facebook liable for more than 43 million violations of the state's consumer protection law, exposing Meta to potential penalties exceeding $200 billion.

The jury also found that Facebook misled the public about its investigations into third-party app developers that harvested user data following the Cambridge Analytica scandal. The penalty amount will be determined in a subsequent phase of proceedings.

The case represents one of the largest potential corporate penalties in U.S. legal history, underscoring ongoing regulatory and legal pressure on Meta over data privacy practices.

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🏛 White House Bars CNN From Air Force One, Defying Court Order

The White House blocked CNN from traveling aboard Air Force One on Saturday for Trump's trip to Knoxville, Tennessee — days after a federal judge ordered the administration to restore the network's press credentials.

CNN had been scheduled to fill its rotating slot in the five-network TV pool. With no TV pool on the flight, there was "no widely available independent video of events," a pool report noted. Earlier this week, ABC, CBS, NBC and Fox News refused to take CNN's place when it was similarly excluded during Trump's New York trip. Trump last week banned CNN, MSNBC and Politico from the White House, citing "FAKE NEWS." A federal judge on Thursday ordered all three organizations' credentials immediately restored. On Saturday, Trump posted: "FAKE NEWS SHOULD NOT BE ALLOWED IN THE WHITE HOUSE!!! IT HAS GONE ON FAR TOO LONG."

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📊 Foreign Buying of US Stocks Hits $940bn Record

Overseas investors poured a record $940 billion into US equities in the 12 months to July, coinciding with strong gains in the S&P 500.

The surge in foreign equity purchases came as appetite for US debt faded, signaling a shift in how international capital is being allocated toward American markets.

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🇺🇦 Trump Admin Commits $307M of Ukraine Military Aid

The Trump administration has obligated $307 million of the $400 million Congress approved for military aid to Ukraine, making the funds legally binding commitments.

The move accounts for nearly all of the congressionally approved package. Obligating funds means the government is legally required to spend the money, reducing the risk of it being withheld or redirected.

The development marks a concrete step in U.S. military support for Ukraine under the Trump administration, which had previously signaled a more cautious approach to the conflict.

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🇺🇸 Jim Copenhaver, Shot at Butler Rally, Dies at 76

Jim Copenhaver, one of two attendees wounded in the July 2024 assassination attempt on Donald Trump in Butler, Pennsylvania, has died at age 76.

Copenhaver was struck twice by the gunman who also killed another attendee and grazed Trump's ear. President Trump mourned his passing, calling it a "tremendous loss."

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🇺🇦 Trump Approves Patriot Missile License Transfer to Ukraine

U.S. President Donald Trump has made a "final decision" to grant Ukraine a license to produce Patriot air defense missiles domestically, Ukrainian President Volodymyr Zelensky announced.

Zelensky said Kyiv has reached specific agreements to obtain the production licenses, which Ukraine argues are critical to defending against Russian ballistic missile attacks. No date was given for when the licenses will be issued or production will begin. Trump initially announced a similar transfer in July before backtracking, citing caution over sharing sensitive military technology. Patriot interceptors remain among the few systems in Ukraine's arsenal capable of downing Russian ballistic missiles.

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