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Members of the military police special unit detain suspected drug dealers during a police operation against drug trafficking at the favela do Penha, in Rio de Janeiro, Brazil, on October 28, 2025.

REUTERS/Aline Massuca

Hard Numbers: Massive drug raid in Brazil, Five Republicans vote to scrap Brazil tariffs, Wildlife charity eyes duke’s estate, & More

64: A massive police raid targeting a drug-trafficking organization in Rio de Janeiro, Brazil, yesterday has left at least 64 people dead, including four police officers. The state governor said it was the “biggest operation” in Rio’s history. More than 40 bodies were seen strewn on the streets of the Penha favela on Wednesday.

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- YouTube

The state of America's political parties

What is going on with the Democratic Party? President Trump says they’ve “gone crazy” and even Democratic leaders are unsure of what they do (or don’t) stand for. On Ian Explains, Ian Bremmer breaks down the current state of America’s political parties. With the midterms just about a year away, Republicans need to show voters they can overcome Washington gridlock and Democrats need to prove they are more than just the party of “anti-Trump.”

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- YouTube

Epstein conspiracies divide Trump's MAGA base

In this Quick Take, Ian Bremmer unpacks the Jeffrey Epstein file controversy and the growing backlash from Donald Trump’s MAGA base.

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Bavaria, Germany - June 6, 2025: PHOTOMONTAGE, Red cap with VOTE FOR ELON MUSK in front of US flag.

Can Musk’s “America Party” curb Trump’s power in 2026?

It started, as most of Elon Musk’s moves do, with a post on X. On July 5, the Tesla CEO and former adviser to US President Donald Trump announced the formation of the America Party, a new political movement meant to upend what he called “a one-party system, not a democracy.”

Why start a party? The two men have been feuding over the president’s “One Big Beautiful Bill,” which became law July 4. Musk slammed the package – which pairs tax cuts with massive spending hikes for defense and immigration enforcement – for adding trillions to the US debt. He now plans to defeat legislators who supported it, vowing that “They will lose their primary next year if it is the last thing I do on this Earth.”

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U.S. Senator Thom Tillis (R-NC) speaks to reporters between votes at the U.S. Capitol building in Washington, U.S., January 23, 2024.

REUTERS

What We’re Watching: Senate vote on Trump’s big bill, Thai PM in hot water, Japan's name-change game

Trump’s tax-and-spending bill faces razor-thin Senate vote

The US Senate will vote today on President Donald Trump’s “Big, Beautiful Bill”. The legislation would make many of Trump’s 2017 tax cuts permanent and would boost spending on the military and immigration enforcement, but its proposed cuts could also leave nearly 12 million people without health insurance by 2034. That, and a projected $3.3 trillion national debt increase over the next decade, has stoked opposition even within the Republican party. GOP Senators Rand Paul and Thom Tillis – who announced he won’t seek reelection – are already opposed, meaning Trump can afford only two more defections. Expect today to be a marathon of votes and revisions to the legislation.

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Elon Musk's political donations 2020-2024

Luisa Vieira

The Graphic Truth: Elon Musk's political donations

During his public spat with Trump on social media, Tesla CEO Elon Musk claimed credit for the Republicans’ electoral victories last year, writing, “without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.”

While Musk has indicated that he will pare down his political spending, he certainly possesses the financial power to tip the scales in campaign financing – he was the GOP’s largest donor last year. Here’s a look at where Musk, who publicly converted from Democrat to Republican ahead of the 2024 election, has put his money in the last two electoral cycles.

German Chancellor Friedrich Merz welcomes Ukrainian President Volodymyr Zelenskyy with military honors at the chancellery in Berlin, Germany, on May 28, 2025.

Christian Marquardt/NurPhoto

What We’re Watching: German boost for Ukraine, Musk jabs Trump bill, & More

Merz promises long-range weapons for Ukraine

On Wednesday, German Chancellor Friedrich Merz promised Ukrainian President Volodymyr Zelensky that Berlin will help Kyiv produce long-range missiles that can strike deep inside Russia. It’s another sign that Europe has lost patience with Vladimir Putin’s reluctance to talk peace and a recognition that whatever happens on the battlefield this summer will shape the outcome of eventual talks.

Musk jabs Trump’s signature bill

The House-passed “Big Beautiful Bill” has one unhappy customer: Elon Musk, who said he’s disappointed” by the tax-policy legislation. He argued that it “increases the budget deficit … and undermines the work that the [Department of Government Efficiency] team is doing.” It’s the heaviest criticism that Musk, who spent over $250 million to help US President Donald Trump win the 2024 presidential election, has directed toward the administration. We’re watching to see whether this is merely a blip in the Musk-Trump relationship, or whether the Tesla owner now splits with the Republican Party – and takes his dollars with him.

The world’s poorest owe China big money

In 2025, the world’s poorest and most vulnerable countries will make record high debt repayments totaling $22 billion to China,” according to a report by the Lowy Institute, an Australian think tank. That’s mainly thanks to the Belt and Road Initiative. which has loaned more than 150 countries a total of more than $1 trillion since 2013 for infrastructure projects. The initiative risks becoming an albatross for both China and its debtors.

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