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2:55 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.
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.
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:
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 …
RELATED:
Barak Ravid / Axios:
What's in the Iran deal Trump says he's ready to sign
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
Steven Sloan / Associated Press:
Judge denies Kennedy Center request for pause in ruling ordering Trump's name removed from building  —  A judge on Friday denied a request from the Kennedy Center to pause a ruling ordering President Donald Trump's name removed from building.  Last month, U.S. District Judge Christopher …
RELATED:
Associated Press:
Live updates: Pakistan says US and Iran agree on ‘final’ text of a peace deal  —  Trump said in the Oval Office on Thursday that a deal to end the war is close, without giving details.  Trump hours earlier threatened to launch major strikes on Iran and to seize control of its oil and gas industries …
Dan Mangan / CNBC:
Trump name still must come down from Kennedy Center, judge says
Zach Schonfeld / The Hill:
Judge refuses to block White House UFC fight  —  A federal judge on Friday refused two Virginia residents' request to block this weekend's UFC event on the White House South Lawn, ruling they have no right to challenge the fight.  —  U.S. District Judge Amit Mehta said the two had no legal standing …
RELATED:
Zachary Basu / Axios:
How the UFC conquered Trump's Washington
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:
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 …
Kinnia Cheuk / Politico:
Algae resurfaces in reflecting pool after multimillion-dollar fixes … An Interior Department spokesperson said that the current algae is “residual” from supply lines that sat dormant for eight weeks during construction.  The residue is part of the normal startup process, the spokesperson said.
RELATED:
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 …
Discussion: Lawyers, Guns & Money
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: Reuters and Raw Story
Julia Jacobs / New York Times:
Opera Company Sues to Collect $17 Million From the Kennedy Center  —  The Washington National Opera, which left the center amid the Trump administration's takeover, says its efforts to retrieve its endowment and other assets have been blocked.  —  The Washington National Opera …
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
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 …
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 …
Discussion: The Hill and Middle East Monitor
RELATED:
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.
Associated Press:
Suspect dead after Texas shooting kills 1 and leaves 9 others in the hospital, police say  —  A shooter who opened fire in the West Texas city of Midland died Friday after a standoff with police following an attack that left one person dead and at least nine others injured, city officials said.
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 …
 
 
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 More Items: 
David Rohde / MS NOW:
Republican senators block effort to bar federal troops from election interference
Mark Alfred / NOTUS:
Ex-Rep. Devin Nunes and the Mystery of His $14.5 Million War Chest
Brian Beutler / Off Message:
The Black Mold Of Republican Lies
Discussion: Yahoo Entertainment
Dylan Gyauch-Lewis / American Prospect:
New Documents Detail Nine-Figure, Silicon Valley-Funded Abundance Movement
Stefan Becket / CBS News:
Pentagon releases 3rd batch of UFO files, detailing mysterious orb sightings: “Are you seeing this?”
Edward Luce / Financial Times:
Elon Musk is a real-life Bond villain
Discussion: The Verge
 Earlier Items: 
David Dayen / American Prospect:
Aftermath: The Economy Is Propped Up by Government Spending
Holland Cotter / New York Times:
David Hockney, Who Restored the Human Form to Art, Dies at 88
Jason Furman / New York Times:
Social Security Is Going Broke. Where Is the Outrage?
Discussion: Robert Reich and Paul Krugman
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
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
 

 
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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