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2:00 PM ET, June 12, 2026

memeorandum

 Top Items: 
New York Times:
Elon Musk Becomes the World's First Trillionaire  —  With SpaceX shares soaring on their first day of trading, the world's richest person crossed another milestone — one with 13 digits.  —  Elon Musk became the world's first trillionaire on Friday when shares of his rocket company SpaceX began trading …
RELATED:
Paul Krugman:
Elon Musk, Human Ponzi Scheme  —  With Wall Street's help, you're about to be forced to buy stock in SpaceX  —  Yesterday I took a short trip.  I began with a ride on the local Hyperloop, which ran through a tunnel dug by Boring Company.  Then I used my neural implant to summon a fully self-driving Tesla robotaxi.
more at Techmeme »
Sam Sifton / New York Times:
A Trillionaire?  —  SpaceX is expected to make Elon Musk even richer when its stock begins trading today.  —  Good morning.  Happy Friday.  Let's go to the stock market.  —  SpaceX, Elon Musk's rocket-building, satellite-launching and artificial intelligence company, is set to go public today at $135 a share.
Wall Street Journal:
Trump's Iran Deal Still Has to Get Past the Revolutionary Guard  —  Iran's hard-line security officials are more concerned with denying the U.S. a victory than with ending the war  —  Loading...  Iran's security and military circles centered on the Islamic Revolutionary Guard Corps had yet …
RELATED:
Politico:
After Trump threatened to attack Iran, a scramble to stop him … The president announced on Truth Social that a deal could be signed as early as this weekend.  —  “We just made a great settlement of the war in Iran and we'll be subject to finalization of documents,” Trump told reporters in the Oval Office later Thursday.
New York Times:
A Dangerous Limbo Leaves Iran, and the World, Between Peace and War  —  Since announcing a nominal cease-fire two months ago, Iran, Israel and the U.S. have remained locked in low-intensity violence that has become a new normal.  —  In just the past five days, the United States …
Barak Ravid / Axios:
What's in the Iran deal Trump says he's ready to sign
Associated Press:
Live updates: Pakistan says US and Iran agree on ‘final’ text of a peace deal
Discussion: Raw Story and Mediaite
Greg Miller / Washington Post:   Qatar pursued secret talks with Iran to shield gas complex from strikes, security officials say
Michael Kunzelman / Associated Press:
Judge extends block on Trump's $1.8 billion anti-weaponization fund  —  A federal judge agreed on Friday to extend a court-ordered block on the Trump administration's creation and operation of a $1.8 billion settlement fund for compensating people who claim to be victims of a weaponized government.
RELATED:
Dan Mangan / CNBC:
Judge blocks DOJ ‘anti-weaponization’ fund for longer, wants guarantee it's dead … A federal judge in Virginia on Friday granted a longer block against the Department of Justice implementing a “Anti-Weaponization Fund,” saying that Acting Attorney General Todd Blanche's verbal claim …
Discussion: All Rise News
Josh Gerstein / Politico:
Judge extends block on Trump's ‘Anti-Weaponization Fund’
Discussion: Axios and The Gateway Pundit
Louise Radnofsky / Wall Street Journal:
Judge Blocks Trump's ‘Anti-Weaponization’ Fund, Seeks Assurances It's Dead
NBC News:
Federal judge indefinitely blocks Trump's ‘anti-weaponization fund’
Discussion: HuffPost and Washington Examiner
Carl Hulse / New York Times:
After Senate Loss, Cornyn Predicts ‘Miserable’ Final Two Years for Trump  —  In his first extensive interview since his defeat by a Trump-backed challenger, the Texas Republican said the Senate was in for a “bumpy ride” as he and others flex new political freedom.
RELATED:
Jordain Carney / Politico:
Cornyn tells Mike Lee to lay off John Thune  —  Sen. John Cornyn isn't a card-carrying member of the Senate GOP's growing YOLO caucus.  But with less than seven months left in office after losing his primary, the Texas Republican appears to be feeling newly free to speak his mind.
Discussion: The Hill and The Daily Signal
Liz Ruskin / Alaska Public Media:
Alaska Division of Elections intends to strike U.S. Senate challenger Dan Sullivan from the ballot  —  The Alaska Division of Elections says retired teacher Dan Sullivan of Petersburg is ineligible to run against Republican U.S. Sen. Dan Sullivan.  —  “Based on a review of the evidence presented …
RELATED:
Wall Street Journal:
Trump and Allies Are Working on Plan to ‘Expunge’ Impeachments  —  Republican-backed symbolic resolution would put lawmakers on record regarding the two impeachments during Trump's first term  —  WASHINGTON—President Trump and his allies have discussed pushing lawmakers to pass a resolution aimed …
RELATED:
Sophia Cai / Politico:
Inside the US' World Cup power play
Discussion: Raw Story
Carol Leonnig / MS NOW:
FBI raids Ohio voting rights organization  —  FBI agents on Thursday raided the Cleveland offices of the Ohio Organizing Collaborative, a pro-democracy organization that helps register voters in that state, three people briefed on the search told MS NOW.  —  Agents also fanned out across the state …
New Republic:
Trump Hits Record-Breaking Low in Polls as Aides Leak: He's “Furious”  —  Donald Trump's polling just crashed to new lows.  He's hit a net approval on inflation of negative 50 points in numerous surveys, something no other president has done—ever.  Trump also is at 80 percent disapproval on gas prices.
Discussion: HuffPost, MS NOW and The Daily Caller
Rajveer Singh Pardesi / Reuters:
Pakistan PM Sharif says in X post that final text of US-Iran peace deal agreed, working on next steps  —  Pakistan's Prime Minister Shehbaz Sharif on Friday said that a final, agreed text of a peace deal between the United States and Iran had been reached.  —  Islamabad is working with both sides …
RELATED:
New York Times:
U.S. Plan Is Said to Pull a Third of Fighter Jets It Provides NATO for Europe  —  The plan, outlined by officials and in a written document, provides rare clarity about the extent to which the Trump administration intends to reduce its commitment to NATO.  —  The United States plans …
G. Elliott Morris / Strength In Numbers:
Democratic voters want the party to be more moderate — and more socialist?  —  I'm popping my head up from paternity leave for a few hours this morning to write this note on a topical new poll that everyone seems to be reading incorrectly.  —  If you get value out of data-driven coverage …
Amanda Marcotte / Salon:
TPUSA's new message to girls: Hate yourself  —  Speakers at the women's leadership summit continued Charlie Kirk's misogynist mission  —  Turning Point USA was co-founded by Charlie Kirk and its fundraising apparatus since his death has centered around fading MAGA fantasies that he will be a movement-reviving martyr.
Dylan Gyauch-Lewis / American Prospect:
New Documents Detail Nine-Figure, Silicon Valley-Funded Abundance Movement  —  The Revolving Door Project, a Prospect partner, scrutinizes the executive branch and presidential power.  Follow them at therevolvingdoorproject.org.  —  According to Zack Rosen, founder of California YIMBY …
Brian Beutler / Off Message:
The Black Mold Of Republican Lies  —  Even when their smears aren't helpful to them in the short run, they harm Democrats in the long run.  Here's a prescription for deterrence.  —  Let's assess how Republicans are running against Democrats, to the extent that they're trying to influence voter decisions and win more votes.
Discussion: Yahoo Entertainment
Mark Alfred / NOTUS:
Ex-Rep. Devin Nunes and the Mystery of His $14.5 Million War Chest  —  The former Trump Media CEO hasn't run for anything since 2020, so regulators looked into why he still has a cash stockpile.  — Copy  —  Federal regulators have probed why former Rep. Devin Nunes …
Edward Luce / Financial Times:
Elon Musk is a real-life Bond villain  —  The X owner is using his platform to amplify extremist opponents of multiculturalism in Britain  —  You might have thought the world's richest man had enough on his plate teeing up history's biggest IPO.  The SpaceX listing is happening today.
Discussion: The Verge
Ed Pilkington / The Guardian:
Autistic children being injected with unapproved stem cell treatments supported by RFK Jr  —  Desperate US parents paying up to $20,000 a session for a procedure scientists say could be bogus  —  Autistic children as young as 18 months old are being injected with human stem cells derived …
Richard Luscombe / The Guardian:
Before-and-after photos: Trump's $14.2m makeover delivers ... a blue pool  —  President steered no-bid contract for project that he said would cost $1.8m to company that worked on his golf resort  —  The final drops of water have been added, and the nanobubbler switched on.
David Dayen / American Prospect:
Aftermath: The Economy Is Propped Up by Government Spending  —  This story was first featured in the Aftermath newsletter, a series from David Dayen exploring the economic consequences of the war in Iran.  To have these stories delivered to your in-box as soon as they are published, sign up for the newsletter here.
 
 
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 More Items: 
Jose Lev Alvarez / Washington Examiner:
Progressives empower the American Islamist pipeline
Stefan Becket / CBS News:
Pentagon releases 3rd batch of UFO files, detailing mysterious orb sightings: “Are you seeing this?”
Holland Cotter / New York Times:
David Hockney, Who Restored the Human Form to Art, Dies at 88
NOTUS:
The Pentagon Quietly Delayed PFAS Cleanup Across Nearly 200 Military Sites
Kirk Siegler / NPR:
President Trump is taking aim at forest and wildfire research just as the West is poised to burn
Discussion: The White House
Jason Furman / New York Times:
Social Security Is Going Broke. Where Is the Outrage?
Discussion: Robert Reich and Paul Krugman
 Earlier Items: 
David R. Lurie / Public Notice:
Will Democrats become the party of faith?
Hugo Gurdon / Washington Examiner:
The descent of Britain is a warning to all
Discussion: Wall Street Journal and El País
Pamela Paul / Wall Street Journal:
The Rise of the ‘Dude-Bro’ Candidate
Zachary Basu / Axios:
How the UFC conquered Trump's Washington
Jonathan Mahler / New York Times:
AIPAC Wants Democrats to Back Israel. Instead, They're Turning on AIPAC.
Discussion: Jewish Insider
Carmen Paun / Politico:
Trump wants you to know this RFK Jr. aide's name
Discussion: Raw Story
New York Times:
Supreme Court Blocks Alabama From Executing Inmate Using Nitrogen Gas
Steven Sloan / Associated Press:
Kennedy Center board seeks delay of ruling ordering removal of Trump's name by Friday deadline
 

 
From Techmeme:

Alex Harring / CNBC:
SpaceX debuts on the Nasdaq at $150, after pricing at $135, making Elon Musk the world's first trillionaire; SPCX is up ~30% intraday, for a ~$2.3T market cap

Cecilia Kang / New York Times:
Google sues Chinese cybercrime network Outsider Enterprise, accusing it of using Gemini to create fake websites and scam hundreds of thousands of Americans

Luc Cohen / Reuters:
Sam Bankman-Fried loses his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of FTX
 
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