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3:30 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.
Reuters:
Exclusive: UAE to unlock billions of dollars for Iran, sources say  —  The United Arab Emirates has agreed to unlock billions of dollars for Iran, four sources said, in a tactical shift after weeks of Iranian attacks on the wealthy Gulf Arab state during the U.S.-Israeli war with the Islamic Republic.
RELATED:
New York Times:
A Dangerous Limbo Leaves Iran, and the World, Between Peace and War
Barak Ravid / Axios:
What's in the Iran deal Trump says he's ready to sign
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:
Dan Mangan / CNBC:
Trump name still must come down from Kennedy Center, judge says … President Donald Trump's name still must come off the Kennedy Center in Washington, D.C., a federal judge ruled Friday in rejecting a last-minute bid to block an earlier order to remove the name.
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:
Josh Gerstein / Politico:
Judge extends block on Trump's ‘Anti-Weaponization Fund’
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
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
RELATED:
Byron York / Washington Examiner:
Trump's very public inner dialogue on Iran
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
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:
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 …
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 …
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
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 …
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
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 …
David Rohde / MS NOW:
Republican senators block effort to bar federal troops from election interference  —  A Democratic senator said he was “fearful” that GOP resistance was a sign the administration is planning “illegal domestic deployment of our military.”  —  Republican members of the Senate Armed Services Committee blocked …
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
 
 
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 More Items: 
David Gilbert / Wired:
A White Supremacist Youth Group Helped Orchestrate the Belfast Riots
Discussion: NBC News and NewsMax.com
Mark Alfred / NOTUS:
Ex-Rep. Devin Nunes and the Mystery of His $14.5 Million War Chest
Associated Press:
Suspect dead after Texas shooting kills 1 and leaves 9 others in the hospital, police say
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?”
 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
Ed Pilkington / The Guardian:
Autistic children being injected with unapproved stem cell treatments supported by RFK Jr
David R. Lurie / Public Notice:
Will Democrats become the party of faith?
Pamela Paul / Wall Street Journal:
The Rise of the ‘Dude-Bro’ Candidate
Amanda Marcotte / Salon:
TPUSA's new message to girls: Hate yourself
New York Times:
The World Is Draining Oil Reserves, Raising Pressure for a Peace Deal
Discussion: Axios and NewsMax.com
 

 
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 closes up 19%, for a ~$2.1T market cap

Aaron Holmes / The Information:
Sources: Microsoft considered spinning out or restructuring its Xbox unit as a wholly-owned subsidiary, or creating a joint venture with other partners

Jyoti Mann / The Information:
Staff memo: Meta plans to limit employee token usage and encourage employees to use MetaCode, after internal AI spending forecasts reached billions for 2026
 
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