“Project Vault” is being seeded with $1.67 billion in private capital and a $10 billion loan from the U.S. Export-Import Bank, and it is meant to insulate U.S.
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The reading of all good books is like a conversation with the finest minds of past centuries. |
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President Donald Trump speaks as he announces the creation of the U.S. strategic critical minerals reserve during an event in the Oval Office of the White House on Feb. 2, 2026. (Alex Wong/Getty Images) |
“Project Vault” is being seeded with $1.67 billion in private capital and a $10 billion loan from the U.S. Export-Import Bank, and it is meant to insulate U.S. |
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| Ivan Pentchoukov
National Editor |
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Good morning! Today, we’re covering President Donald Trump’s launch of a critical stockpile for the private sector, the raid of an allegedly illegal biolab in Las Vegas, and what Kevin Warsh’s overhaul of the Federal Reserve could look like. |
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Police raided a Las Vegas house suspected of containing an illegal biological laboratory over the weekend. The house is linked to a similar biolab in California that was operated by Chinese nationals and raided two years ago.
Detectives proceeded with extreme caution as they collected hundreds of samples inside the makeshift lab, fearing they could contain HIV, malaria, or other potentially dangerous pathogens similar to what was found at the previous site. Investigators were tipped off a week ago that the home was owned by a Chinese national who was in federal custody on charges related to an illegal biolab found in Reedley, California, in 2023. “This is an extremely complex investigation,” Las Vegas Metropolitan Police Sheriff Kevin McMahill said. (More)
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Tests strips, used to detect the presence of fentanyl and xylazine in drugs such as cocaine, methamphetamine, and heroin, lay next to a bag of heroin at St. Ann's Corner of Harm Reduction in New York City on May 25, 2023. (Angela Weiss/AFP via Getty Images) |
‘Now there’s another synthetic … It’s absolute insanity. And they all start in China,’ said April Babcock, whose son died from a fentanyl overdose. (Read more) |
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(Courtesy of Cécile Domens Photo) |
Cécile Domens takes incredible photos of horses living in the wild. The French photographer’s magical shots highlight the unique beauty and character of the Camargue breed, also known as “the Horse of the Sea,” roaming freely in the Camargue region of Southern France. (Read more) |
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Investors have been rightly impressed by gold’s remarkable run, which in dollar terms has doubled in price over the past year. (Read more) |
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The internet loves to mock “Karens,” but the phenomenon is more revealing than it is ridiculous. What we are witnessing is not simply entitlement or bad behavior. (Read more) |
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