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The Supreme Court cleared the way for the State Department to require people to state their biological sex on new or renewed passports, a victory for the Trump administration as it aims to tighten policies involving transgender people.

The high court found in a 6-3 order temporarily greenlighting the policy that a lower court in Massachusetts had erred in blocking it. 

‘Displaying passport holders’ sex at birth no more offends equal protection principles than displaying their country of birth—in both cases, the Government is merely attesting to a historical fact without subjecting anyone to differential treatment,’ the majority wrote in the unsigned order.

The three liberal justices dissented. Justice Ketanji Brown Jackson, a Biden appointee, blasted her Republican-appointed colleagues in a lengthy dissent for what she said had become a ‘routine’ of siding with the Trump administration on the emergency docket.

The majority ‘fails to spill any ink considering the plaintiffs, opting instead to intervene in the Government’s favor without equitable justification, and in a manner that permits harm to be inflicted on the most vulnerable party,’ Jackson wrote, adding that transgender people have been permitted to state their preferred gender on passports for more than three decades.

The class action lawsuit, brought by a dozen self-described transgender, nonbinary or intersex people on behalf of themselves and others in their situation, will continue to proceed through the lower courts.

The plaintiffs had argued in court papers that passports should ‘reflect the sex [people] live as and express, rather than the sex they were assigned at birth.’

Solicitor General John Sauer wrote on behalf of President Donald Trump that passports effectively communicate information to foreign governments and private citizens cannot force the president to communicate in a way that defies his foreign policy preferences and ‘scientific reality.’

The policy, which reversed the Biden administration’s allowance of an ‘X’ gender option on passports, was implemented as part of a string of executive orders Trump issued when he took office aimed at requiring transgender people to identify as their biological sex in certain situations, including in gender-exclusive sports and in the military.

Attorney General Pam Bondi celebrated that the high court had handed the Department of Justice roughly two-dozen wins this year on the emergency docket, sometimes referred to as a shadow or interim docket, where cases are fast-tracked so that the Supreme Court can potentially offer temporary resolutions until the merits of the cases are examined.

‘Today’s stay allows the government to require citizens to list their biological sex on their passport,’ Bondi said on social media. ‘In other words: there are two sexes, and our attorneys will continue fighting for that simple truth.’

This post appeared first on FOX NEWS

Top Democrats emerged from a classified Capitol Hill briefing Wednesday expressing confidence in the intelligence behind recent U.S. strikes on suspected narco-trafficking vessels near Venezuela. But they also faulted the Biden administration for what they called a failure to confront Nicolás Maduro after Venezuela’s disputed 2024 election.

The Office of Legal Counsel presented lawmakers with its written justification for a series of missile strikes in the Caribbean and eastern Pacific that U.S. officials say have killed 63 suspected traffickers. Lawmakers from both parties said the briefing reassured them the targets were legitimate, even as some voiced unease about the broader strategy.

‘The final comment I’ll make is just that nothing in the legal opinion even mentions Venezuela,’ said Sen. Mark Warner, D-Va., the top Democrat on the Senate Select Committee on Intelligence.

‘I think they do have visibility into drug trafficking,’ Warner added, saying he trusted U.S. intelligence assessments but would prefer traffickers be ‘interdicted and taken to court rather than blown up.’

Secretary of State Marco Rubio, War Secretary Pete Hegseth and senior Pentagon lawyers led the closed-door briefing for congressional leaders and the chairs and ranking members of the Intelligence, Armed Services and Foreign Affairs committees.

Lawmakers have complained for days about being left in the dark as the Pentagon launched multiple maritime strikes without first consulting Congress. Officials declined to discuss the intended scope or duration of the campaign and provided few details about who was killed or what evidence tied the targets to narcotics trafficking.

‘Lots of mistakes could get made,’ said Rep. Jim Himes, D-Conn., the top Democrat on the House Permanent Select Committee on Intelligence. ‘But, again, they are applying the eyes and ears of our intelligence community to these boats. I don’t worry too much that there will be a strike on a fishing boat or a pleasure boat, but that’s always possible.’

Himes said the administration described ‘the process by which these boats are selected’ but did not share photographs or the identities of those killed.

House Speaker Mike Johnson also backed the intelligence underpinning the operation.

‘We have exquisite intelligence about these strikes on these vessels,’ Johnson said. ‘We know the contents of the boats. We know the personnel almost to a person.’

Officials told lawmakers there were no plans to expand the maritime campaign to land operations or to target Maduro directly.

‘There are no apparent plans to expand this beyond what they say they are doing,’ Himes said.

Reports that the administration was considering potential strikes on Mexico did not appear to come up in the briefing, which lawmakers said focused almost exclusively on cocaine — some of which is trafficked through Venezuela — rather than fentanyl, Mexico’s top export.

‘It’s as described — to stop the flow of drugs, and, to be clear, to stop the flow of cocaine,’ said Himes.

Still, several Democrats said the Biden administration missed a critical moment last year to rally Latin American allies after Venezuela’s contested election, when independent monitors and several Western governments recognized opposition candidate Edmundo González as the rightful winner.

‘I frankly think the Biden administration didn’t go far enough after the Venezuelan people voted overwhelmingly to get rid of Maduro,’ Warner said. ‘We missed a huge opportunity when Venezuelans — in numbers probably in the mid-sixties percent — came out against Maduro, even under threat of violence. The fact that we didn’t rally the region at that point was, in retrospect, a huge mistake.’

After the July 2024 vote, the Biden administration imposed sanctions on high-level Maduro officials but stopped short of reimposing broad restrictions on Venezuela’s oil sector, a move officials said could have driven up global fuel prices and worsened migration pressures.

By contrast, the Trump administration has taken a harder line. It reimposed sweeping sanctions on Maduro during Trump’s first term and has since increased pressure on the South American strongman in his second. The Justice Department has offered a $50 million bounty for information leading to Maduro’s arrest, and officials have not ruled out whether the current strikes could be intended to pressure him to step aside.

Asked in a CBS interview over the weekend whether Maduro’s days were numbered, Trump said, ‘I would say yeah. I think so.’

Pressed on whether the U.S. would go to war with Venezuela, he added, ‘I doubt it. I don’t think so.’

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Here’s a quick recap of the crypto landscape for Wednesday (November 5) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$103,902, a 3.3 percent increase in 24 hours and its highest valuation of the day. Bitcoin’s lowest valuation on Wednesday was US$102,377.

Bitcoin price performance, November 5, 2025.

Chart via TradingView.

Both Bitcoin and Ether (ETH) are showing signs of recovery after a volatile start to the week. Current price action is driven by derivatives liquidations, options settlement dynamics and sustained retail and institutional fear.

Ether ended the trading day at US$3,448.04, an increase of 7.5 percent over the last 24 hours. Its lowest valuation of the day was US$3,326.02. Like Bitcoin, Ether is attempting a rebound near a significant technical and psychological level, but uncertainty remains elevated. The Fear and Greed Index remains in “extreme fear” at 20, reflecting persistent nervousness after long-term holders and whales triggered mass liquidations.

“Market data and technical signals suggest Bitcoin may trade within a US$94,000–US$118,000 range in the near term. The lower bound represents a healthy retracement zone consistent with subdued ETF inflows, while the upper range reflects a measured recovery below the October high near US$125K. Ethereum is likely to move between US$3,000 and US$4,400, supported by Layer-2 expansion and renewed DeFi participation,’ she said via email.

“Overall, the market appears to be stabilizing in a more disciplined, data-driven manner, signaling that confidence is returning through structural resilience and steady capital reallocation.”

Meanwhile, Galaxy’s head of research, Alex Thorn, said that the investment company has lowered its 2025 Bitcoin price forecast from US$185,000 to US$120,000.

Altcoin price update

  • Solana (SOL) was priced at US$162.69, up by 6.6 percent over the last 24 hours and at its highest valuation of the day. Its lowest was US$157.65.
  • XRP was trading for US$2.37, up by 9.7 percent over the last 24 hours to its highest valuation of the day. Its lowest was US$2.25.

Crypto derivatives and market indicators

Over the past four hours, Bitcoin has seen liquidations totaling US$16.11 million, mostly in short positions, suggesting a short-covering rally and improving near-term sentiment. Futures open interest is fractionally down 0.15 percent to US$70.17 billion, indicating a minor position reduction after aggressive selling earlier in the week.

The funding rate is neutral at 0.001, signaling balanced sentiment between longs and shorts, while implied volatility remains elevated at 45.9 percent, pointing to continued market uncertainty.

Max pain for options expiry sits at US$104,000, a level that the Bitcoin price is approaching.

Meanwhile, US$27.84 million in Ether options positions, also primarily shorts, have been liquidated in the past four hours, contributing to the uptrend as risk reversals shift. Ether has seen a 1.51 percent increase in open interest to US$40.3 billion, and its funding rate is slightly negative at -0.001, strengthening the bullish undertone.

Bitcoin dominance stands at 57.21 percent.

Today’s crypto news to know

Ripple secures US$500 million boost at US$40 billion valuation

Ripple has raised US$500 million in a new funding round led by Fortress Investment Group and Citadel Securities, valuing the company at US$40 billion. The investment follows Ripple’s US$1 billion tender offer earlier this year at the same valuation, marking a continuation of investor confidence in the firm’s long-term outlook.

Ripple said the funds will strengthen its partnerships with financial institutions and expand its services across custody, stablecoin issuance and crypto treasury management. The company’s RLUSD stablecoin has gained traction for corporate payments amid clearer US regulations under the GENIUS Act. The funding also positions Ripple to deepen its role in global payments as more firms integrate stablecoins into settlement networks.

Canada announces plans to introduce stablecoin legislation

The Canadian government announced as part of its 2025 budget that it plans to introduce legislation regulating fiat-backed stablecoins. The legislation aims to provide a secure, stable framework encouraging the development of Canadian-dollar pegged stablecoins, modernizing payment systems and fostering digital innovation.

The new rules will require stablecoin issuers to maintain sufficient asset reserves to back their digital currencies, safeguard consumer interests and comply with national security standards to protect personal data.

The Bank of Canada will receive C$10 million over two years starting in the 2026 to 2027 period to oversee the new framework, with ongoing costs expected to be covered by stablecoin issuers.

Northern Data exits Bitcoin mining in US$200 million AI transition

Northern Data Group, Europe’s largest Bitcoin-mining company, is divesting its mining arm, Peak Mining, in a deal worth up to US$200 million as it pivots entirely toward artificial intelligence (AI) infrastructure. The transaction includes US$50 million in upfront cash and up to US$150 million in performance-based payments tied to future profits.

The move follows the Bitcoin halving this past April, which cut mining revenues in half and accelerated the firm’s strategic shift. The company plans to repurpose its mining facilities in Texas for high-performance AI workloads, which can yield up to 10 times more revenue per megawatt than Bitcoin mining.

The company already owns over 220,000 GPUs through prior acquisitions.

Balancer protocol suffers major exploit

The Balancer DeFi protocol suffered a major exploit on Tuesday (November 3), losing about US$128 million in assets from its V2 Composable Stable Pools due to a precision rounding error and access control flaws in its smart contracts.

According to a report released after the attack, the infiltrator manipulated swap calculations and batch swaps to drain liquidity across multiple blockchains, including Ether, Polygon, Arbitrum and others.

Balancer promptly paused affected pools, confirmed no impact on V3 or other versions, and is collaborating with forensic and security experts to trace and recover funds. So far, US$19.3 million worth of StakeWise osETH has been recovered. Balancer has offered a white hat bounty for full asset return within 48 hours and continues investigating.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Nevada Sunrise Metals Corporation (TSXV: NEV,OTC:NVSGF) (OTC Pink: NVSGF) (‘Nevada Sunrise’ or the ‘Company’) is pleased to announce it has closed a non-brokered private placement (the ‘Offering’) for gross proceeds of $650,000, consisting of 13,000,000 units (the ‘Units’) at a price of $0.05 per Unit, with each Unit comprised of one common share of the Company and one common share purchase warrant (a ‘Warrant’). Each Warrant will entitle the holder to purchase one common share at a price of $0.075 for a period expiring three years from the closing date of the Offering. Due to investor demand, the Offering was increased from $600,000 (12,000,000 Units) (see news release dated October 16, 2025) to $650,000 (13,000,000 Units).

Proceeds of the Offering will be used for:

  • Exploration work on the Company’s Nevada mineral properties;
  • Other mineral property investigations, and general working capital.

The Offering was available to accredited investors and individuals that qualified under certain other statutory exemptions. The securities issued pursuant to the Offering are subject to a statutory hold period expiring March 7, 2026. In connection with the closing of the Offering, the Company paid finder’s fees consisting of a total of $31,500 cash and 630,000 finder’s warrants (each a ‘Finder’s Warrant‘) to Canaccord Genuity Corp. Each Finder’s Warrant is exercisable at a price of $0.075 for a period of three years from the closing date of the Offering. The Offering is subject to acceptance of the TSX Venture Exchange.

This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the ‘1933 Act‘) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper and lithium exploration projects located in the State of Nevada, USA.

Nevada Sunrise holds the right to purchase a 100% interest in the Griffon Gold Mine Project, located approximately 50 kilometers (33 miles) southwest of Ely, NV.

Nevada Sunrise holds the right to earn a 100% interest in the Coronado Copper Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.

Nevada Sunrise owns 100% interests in the Gemini West, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV.

As a complement to its exploration projects in Esmeralda County, the Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Lida, NV.

For Further Information Contact:

Warren Stanyer, President and Chief Executive Officer
email: warrenstanyer@nevadasunrise.ca
Telephone: (604) 428-8028
Website: www.nevadasunrise.ca

FORWARD LOOKING STATEMENTS

This release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to future plans for the Company’s Nevada mineral properties; reliance on technical information provided by third parties on any of our exploration properties; changes in mineral project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or metallurgical recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays due to weather; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled ‘Risk Factors’ in the Company’s Management Discussion and Analysis for the Nine Months ending June 30, 2025, which is available under Company’s SEDAR profile at www.sedarplus.com.

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273569

News Provided by Newsfile via QuoteMedia

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U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday.

“This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news release.

From January through the end of October, employers have announced the elimination of nearly 1.1 million jobs. It’s the most Challenger has recorded since 2020, when the Covid-19 pandemic shut down the global economy.

“October’s pace of job cutting was much higher than average for the month,’ Andy Challenger, the firm’s chief revenue officer, said in a statement. The last time there was a higher October monthly total was in 2003.

“Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes,” he said.

On Wednesday, the private payroll processor ADP released its own October jobs data, showing that employers added just 42,000 jobs in the month.

The ADP report also flagged job losses in the leisure and hospitality sector as a potential sign of trouble ahead, given the industry’s acute sensitivity to consumer sentiment.

ADP’s chief economist called the losses in hospitality and leisure a ‘concerning trend.’

Both Challenger and ADP’s reports landed as major companies such as Amazon, IBM, UPS, Target, Microsoft, Paramount and General Motors announced plans to eliminate tens of thousands of jobs.

Despite the wave of downbeat economic news, the Trump administration continues to deliver an upbeat take on the current environment.

“Jobs are booming” and “inflation is falling,” Treasury Secretary Scott Bessent said Tuesday.

However, the most recent available data paints a different picture.

Inflation has also been on the rise. Prices as measured by the Consumer Price Index overall have risen every month since April.

A spokesperson for the Treasury Department did not immediately reply to a request for comment on the Challenger report.

Challenger’s report does not typically carry the same weight with economists and investors as federal jobs data, owing to its methodology.

To arrive at its figures, the firm compiles the number of job cuts companies have publicly announced. But employers may not ultimately carry out all the cuts they roll out.

Moreover, some of the job cuts that multinational companies announce could affect workers outside of the United States. Other headcount reductions could be achieved through attrition, rather than layoffs. The report also may not capture smaller layoffs over the long run.

But in the midst of a federal data blackout caused by the government shutdown, Challenger’s latest report is being read more closely than usual.

The federal government’s October jobs report that would traditionally be released Friday will not be published this week, due to the shutdown.

Other key data about the U.S. economy like GDP and an inflation indicator called PCE, closely watched by the Federal Reserve, has also been delayed.

Challenger equated the impact of AI on the current labor market to the rise of the internet in the early aughts. “Like in 2003, a disruptive technology is changing the landscape,” it said.

‘Technology continues to lead in private-sector job cuts as companies restructure amid AI integration, slower demand, and efficiency pressures,’ Challenger said.

But even firms that are not actively cutting jobs have warned that they do not plan to add to their headcount in the near term, with several pointing directly to AI’s impact on their personnel needs.

On Wednesday night, JPMorgan Chase CEO Jamie Dimon told CNN that headcount at his company would likely remain steady as the nation’s largest bank rolls out AI internally.

Goldman Sachs CEO David Solomon also recently told his employees that the firm would ‘constrain headcount growth through the end of the year,’ as it takes advantage of AI efficiencies, Bloomberg reported.

This post appeared first on NBC NEWS

Fertilizer prices remained elevated in Q3 compared to both the first half of the year and the end of 2024.

Potash prices surged at the start of the year as the Trump administration threatened tariffs on Canada, the top supplier to US farmers. During the third quarter, prices were 20 percent higher than at the end of last year.

Meanwhile, phosphate prices continued to climb through Q3 on the back of supply shortages, spurred by export restrictions from top producer China. Prices were further influenced by US tariffs.

What happened to phosphate and potash prices in Q3?

According to data from the World Bank, the average quarterly phosphate price rose to US$770.60 per metric ton (MT), up from US$673.20 in Q2, and significantly higher than the annual average of US$563.70 in 2024.

On a monthly basis, phosphate climbed to US$736 in July, then climbed to a three year high of US$795.10 in August. Since then, the price has fallen to US$780.63 in September and US$754 in October.

The quarterly average for potash fell slightly in Q3 to US$352.20 per MT, down from US$359.20 the previous quarter, but remained higher than US$283.90 in the last quarter of 2024.

On a monthly basis, potash prices eased to US$362.50 in July, and continued to fall to US$356.50 in August. They sank further to US$352.50 in September and US$352 in October.

What factors impacted phosphate in Q3?

Phosphate prices have been primarily influenced over the last several years by export restrictions from China, which have declined to 6.6 million MT in 2024 from 9 million MT in 2021. The restrictions were put in place to protect the domestic supply, and while the hope was that they would eventually ease, that hasn’t happened.

“As expected, their exports started to arrive in July to September; however, the government had a self-imposed October 15 cutoff date for export submission. That date came and went without an extension, so now the belief is their flows will slow to a crawl very soon,” he said. The situation may face additional headwinds, as China has imposed more restrictions on key battery technologies and precursors for phosphate-based batteries. These restrictions will add to demand for ex-China supply as the agricultural sector competes with battery makers for a limited supply of phosphate.

Demand for phosphate is also high, particularly from India, which has been working to increase its stockpiles since the end of 2024, when they reached a low of 1.1 million MT. However, stockpiles had more than doubled to 2.4 million MT at the start of October, with imports climbing to 4 million MT during the April to September period.

Much of the demand has been covered by supply from Saudi Arabia and Morocco, which signed several offtake agreements with Indian importers in July. “They were a major driver of higher prices for much of 2025 as they played catch up on stockpiles, and have finally reached a comfortable number of tons, which has allowed them to slow their desperate pace. The slower demand pace has allowed the market time to breathe/correct lower,” Linville said.

For US-based farmers, supply isn’t the only issue.

On August 7, a host of new tariffs as high as 25 percent were applied to phosphate imports, including from Saudi Arabia, which accounted for 54.7 percent of imports during the first five months of the year. Although there were some concerns that higher prices could prompt farmers to rethink their strategy, Linville hasn’t seen that materialize either.

With reports that farm yields this year have been higher, it may prompt farmers who have been on the fence about a fall application of phosphate to reconsider, as a significant yield would indicate some phosphate soil depletion.

“While still spoty, we are continuing to hear reports that phosphate demand is better than expected,” he said.

However, Linville noted that a surge in last-minute demand it could make supplies tighter and limit the ability for phosphate to make it onto the fields.

What factors impacted potash in Q3?

Linville said potash news was quiet during the quarter, pointing to stable prices and a well-supplied market.

In July, BHP (ASX:BHP,NYSE:BHP,LSE:BHP) announced it was delaying the opening of its Jansen mine in Saskatchewan. It was initially slated to start production in 2026, but has instead moved its timeline back to 2027 and is also considering pushing the second phase to 2031, citing cost overruns that have ballooned to US$7 billion.

Although potash has so far escaped US tariffs, Linville noted some concern following Ontario’s anti-tariff ad, which ran in the US during the World Series. “We continue to hope/believe that potash will be left alone as part of the North America Trade agreement. Assuming potash is left alone, markets should continue as normal; however, if we start seeing barriers to entry, US farmers will likely bear the brunt of most/all of those tariffs,” he said

Potash and phosphate price forecast for 2025

While potash markets remain stable, phosphate markets are much more dynamic.

Unless there is a significant shift in China’s exports, supply should remain tight. In his most recent weekly update on November 5, Linville noted that the situation could become dire for US consumers before the end of the year.

“We continue to advise our people that if they decide they need phosphate after all, do not wait to lock it up. Days very well may matter. Heck, hours might matter. Supplies are tight and can ill-afford a sudden demand jump,” he wrote.

Additionally, markets are likely to become further strained in the years to come as limited supply meets increased demand from outside the agricultural sector.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Sen. Bernie Sanders, I-Vt., took over Senate Minority Leader Chuck Schumer’s post-election news conference Wednesday, knocking the Democratic Party for their lack of support in political races in New York and Maine.

‘Well, the party leadership did not support [mayoral candidate Zohran] Mamdani in New York,’ Sanders said in front of the Senate podium. ‘Party leadership is not supporting [Senate hopeful Graham] Platner in Maine. And I think he’s going to win… I think there is a growing understanding that leadership, and defending the status quo and the inequalities that exist in America, is not where the American people are.’

Mamdani, a Democratic Socialist, won the mayoral race in New York City and Democrat Mikie Sherrill secured the New Jersey governorship.

California’s Proposition 50 was also passed after being placed on the ballot, and Democrats will maintain control of the Pennsylvania Supreme Court as Justices Christine Donohue, Kevin Dougherty and David Wecht won their respective retention races.

Prior to Sanders’ outburst, Schumer, D-N.Y., spoke with reporters, bashing Republicans as the government shutdown stretches into its 36th day, making it the longest shutdown in U.S. history.

‘Last night, Republicans felt the political repercussions [of the Trump administration’s policies],’ Schumer said. ‘It should serve as nothing short of a five-alarm fire to the Republicans. Their high-cost house is burning, and they’ve only got themselves to blame. As loudly and clearly as could possibly be done, from one end of the country to the other, the American people said enough is enough.’

Schumer said he and House Minority Leader Hakeem Jeffries demanded Wednesday morning President Donald Trump sit down with them to discuss healthcare issues.

‘Last night was a really good night for Democrats and our fight to lower costs, improve health care and reach a better future for our country,’ Schumer said. ‘But more importantly than that, last night was a great night for American families that are struggling now to make ends meet, because the election showed that Democrats’ control of the Senate is much closer than the people and the prognosticators realize. The more Republicans double down on raising costs and bowing down to Trump, the more their Senate majority is at risk.

‘… When Leader Jeffries and I met with Donald Trump in the White House a month or so back, we told him this was going to happen. We warned him that if he didn’t do something, working with us to address the health care needs of America, and instead insisting on no negotiation with Democrats, that was a recipe for disaster for the country, and it would come back to haunt them. Last night should make it clear to Republicans that they simply cannot continue to ignore not only us, but the American people, for the good of the whole country.’

Democratic leaders have been urging Republicans in both the House and Senate to confront the surge in health insurance premiums tied to the expiration of Affordable Care Act subsidies.

At the same time, funding for the Supplemental Nutrition Assistance Program (SNAP) has lapsed.

Though several stopgap measures have been proposed by Republicans, including a GOP-led bill blocked Tuesday, Congress has yet to reach an agreement.

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A House Democrat representing a district that President Donald Trump won in 2024 is not seeking re-election next year.

Rep. Jared Golden, D-Maine, announced his plans in an op-ed for the Bangor Daily News on Wednesday, a day after Democrats’ sweeping electoral victories in Virginia, New Jersey, California and New York City.

‘I have never loved politics. But I find purpose and meaning in service, and the Marine in me has been able to slog along through the many aspects of politics I dislike by focusing on the good work that Congress is capable of producing with patience and determination,’ Golden wrote.

‘But after 11 years as a legislator, I have grown tired of the increasing incivility and plain nastiness that are now common from some elements of our American community — behavior that, too often, our political leaders exhibit themselves.’

Golden has represented Maine’s 2nd Congressional District since 2019. He’s managed to hold on to the seat through his constituents voting for President Donald Trump in both 2020 and 2024.

The moderate Democrat — also a Marine Corps veteran — has been known to frequently break from his own party, including on the recent government shutdown vote in September.

He shared more of his concerns with the left in his retirement announcement, criticizing both Republicans and Democrats for the current state of politics in the country.

‘We have seen mainstream Republicans stand by as their party was hijacked first by Tea Party obstructionists and then by the MAGA movement and its willingness to hand much of Congress’ authority to the president,’ Golden wrote.

‘I fear Democrats are going down the same path. We’re allowing the most extreme, pugilistic elements of our party to call the shots. Just look again at the shutdown. For as long as I can remember, we have opposed shutting down the government over policy disputes. We criticized Republicans for taking hostages this way. But this year, reeling from the losses of the last election, too many Democrats have given into demands that we use the same no-holds-barred, obstructionary tactics as the GOP.’

And despite his seat being a prime target for Republicans every two years, Golden said that did not factor into his decision.

‘I don’t fear losing. What has become apparent to me is that I now dread the prospect of winning. Simply put, what I could accomplish in this increasingly unproductive Congress pales in comparison to what I could do in that time as a husband, a father and a son,’ he wrote.

‘I have long supported term limits and while current law allows me to run again, I like the idea of ending my service in Congress after eight years — the length of term limits in the Maine Legislature.’

Golden’s seat had been ranked a ‘toss-up’ by the nonpartisan Cook Political Report, which also rated his district slightly in favor of the GOP at R+4.

House Republicans’ campaign arm wasted no time in seizing on Golden’s announcement, releasing its own statement shortly after his op-ed was published.

‘Serial flip-flopper Jared Golden’s exit from Congress says it all: He’s turned his back on Mainers for years and now his chickens are coming home to roost. He, nor any other Democrat, has a path to victory in ME-02 and Republicans will flip this seat red in 2026,’ National Republican Congressional Committee (NRCC) spokeswoman Maureen O’Toole said in a release to reporters.

Beyond his frustration with partisan politics, however, Golden also revealed that the heightened political environment also pushed him to re-consider his congressional career.

Golden said earlier this year that he and his family had to spend Thanksgiving in a hotel room after receiving a bomb threat at their home.

House Democrats’ campaign arm thanked Golden for his service in its own statement upon his retirement.

‘I sincerely commend Jared for all the work he has done for Mainers, from lowering costs to protecting lobstermen’s jobs and fighting for veterans,’ Democratic Congressional Campaign Committee (DCCC) Chair Suzan DelBene, D-Wash., said. ‘He has devoted his life so far to service, first as a Marine, then in the Maine legislature, and in Congress since 2019. He embodies Maine’s independent spirit and I wish him and his family all the best in their next chapter.’

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President Donald Trump appeared to take a swipe at Republican candidates who lost on Tuesday while addressing the America Business Forum in Miami, Fla., on Wednesday.

After listing a series of his accomplishments, Trump said it’sso easy to win elections when you talk about the facts.’ 

‘Almost 2 million American-born workers are employed today, more than when I took office. That’s nine months ago. Can you imagine?’ Trump said. ‘And I tell Republicans, if you want to win elections, you gotta talk about these facts. You know, it’s so easy to win elections when you talk about the facts.’

He then added that, ‘These are things you have to talk about. It doesn’t just happen, you got to tell them. It’s wonderful to do them, but if people don’t talk about them, then you can do not so well in elections.’

On Tuesday, Republicans lost several major races, including gubernatorial elections in New Jersey and Virginia, as well as the mayoral race in New York City. While Trump backed former New York Gov. Andrew Cuomo for mayor over Republican candidate Curtis Sliwa, he still made the jab at Republicans generally.

‘One year ago, we were a dead country. Now we’re a country that’s considered [one of] the hottest countries anywhere in the world,’ Trump said, crediting his administration with getting 600,000 Americans off of food stamps and creating jobs for 1.9 million Americans. He highlighted the supposed increase in jobs, saying that nearly 2 million more Americans were employed than when he entered office less than a year ago.

While Trump touted his achievements for the working class, Zohran Mamdani, hot off his victory in New York City, gave a different analysis earlier Wednesday.

During an appearance on ‘Good Morning America,’ Mamdani contrasted himself and Trump. Mamdani argued that, unlike the president, he is ready to solve the ‘cost of living crisis’ for Americans who are struggling.

Mamdani also said that Trump is ‘someone who ran an entire presidential campaign on the promise of cheaper groceries and is now, as the president, making it harder for Americans to afford those groceries by cutting SNAP benefits.’

Trump, who was marking the anniversary of being elected for a second presidential term, did not shy away from taking a swipe at Mamdani as well.

‘We lost a little bit of sovereignty last night in New York, but we’ll take care of that. Don’t worry about it,’ he told the crowd in Miami on Wednesday.

Republicans have largely blamed the lapse in SNAP benefits on Democrats as the parties battle it out in D.C. amid the longest government shutdown in U.S. history.

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