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Supreme Court Asked to Decide on Tariffs 💸🚢

This week’s guide to government and politics in under 10 minutes.

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WEEKLY POINTS

This week’s guide to government and politics in under 10 minutes

I SUPREME COURT ASKED TO TAKE UP TARIFFS CASE

The Supreme Court is considering whether most of President Trump’s “Liberation Day” tariffs are legal. The administration asked the Court to reverse an appeals court ruling from last week finding most of the tariffs are an illegal use of an emergency powers law. The appeals court left the tariffs in place while the administration appealed to the Supreme Court. On Friday, a group of small businesses challenging the tariffs asked the Court to rule quickly on the issue, emphasizing the “profound harms” the tariffs are having on their companies.

>> Learn more about what tariffs are and how they work here.

I RAID ON GEORGIA HYUNDAI PLANT UPSETS SOUTH KOREA

More than 300 South Korean workers will be returning from the U.S. to their home country. The workers were detained in an Immigration and Customs Enforcement raid on a Hyundai plant in Ellabell, GA. The South Korean government has chartered a flight for the detained workers. The South Korean workers were among more than 450 people detained in the raid. Homeland Security Investigations agent Steven Schrank said that some of those detained had entered illegally while others had overstayed their visas. Others were here under the U.S. Visa Waiver program, which allows workers to travel for tourism or business for 90 days. About 50 of the detained workers worked for LG Energy Solutions and another 250 worked for HL-GA Battery Company LLC, a joint venture between LG and Hyundai.

>> Explore the evolving U.S.-South Korean relationship here.

I TENSIONS RISE BETWEEN U.S. & VENEZUELA

Tensions between the U.S. and Venezuela have escalated following a U.S. strike on an alleged drug boat in international waters after departing Venezuela, and the country’s response to an increased U.S. military presence off its shores. The U.S. deployed naval assets off the Venezuelan coast last week. Venezuelan military jets conducted a fly-over of those forces in what the Pentagon has described as a “provocative move.” Reports from CNN and Reuters claim that President Trump is weighing options for further strikes, including possibly attacking cartel targets inside Venezuela. Nicolas Maduro, president of Venezuela, has accused the U.S. of “seeking regime change,” a charge the U.S. has denied.

>> Dig deeper into drug trafficking and U.S. efforts to stop it here.

I RUSSIA LAUNCHES DRONE ATTACK ON UKRAINE GOVERNMENT BUILDINGS

On Sunday, Russia launched the largest-yet drone attack in its war with Ukraine. The attack included about 805-Iranian designed Shahed exploding drones. Russia also launched 13 cruise and ballistic missiles. The Ukrainian Air Force said nine missiles and 60 drones were able to evade air defenses. At least some of the attacks targeted the government district in Kyiv, Ukraine’s capital city. Ursula von der Leyen, President of the European Commission, condemned the attack, accusing Russia of “trampling international law and killing indiscriminately” in a social media post.

>> Watch Dr. Evelyn Farkas, Executive Director of the McCain Institute, answer questions about the war between Russia and Ukraine here.

I SCIENTISTS PUSH BACK ON DOE CLIMATE REPORT

A group of more than 85 scientists issued a joint rebuttal to a recent climate report from the U.S. Department of Energy. The scientists claim the report is full of errors and misrepresents climate science. The report in question came from the Department of Energy’s Climate Working Group, which consists of four scientists and one economist who have questioned the scientific consensus that climate change is a serious threat and have framed global warming as beneficial. The group of 85 scientists submitted their report to the Federal Register as part of the reports 30-day comment period, which closes tomorrow.

>> Find out more about a plan to terminate NASA climate science missions here.

TALKING POINTS

Stay ahead of the stories driving national conversations

I EXPLORES

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Understand what’s causing a rise in depression among young people

I EXPLAINER

POWERBALL TAXES

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I DAILY POINT

BEEF PRICES

Cut into the cause of rising beef prices

How 433 Investors Unlocked 400X Return Potential

Institutional investors back startups to unlock outsized returns. Regular investors have to wait. But not anymore. Thanks to regulatory updates, some companies are doing things differently.

Take Revolut. In 2016, 433 regular people invested an average of $2,730. Today? They got a 400X buyout offer from the company, as Revolut’s valuation increased 89,900% in the same timeframe.

Founded by a former Zillow exec, Pacaso’s co-ownership tech reshapes the $1.3T vacation home market. They’ve earned $110M+ in gross profit to date, including 41% YoY growth in 2024 alone. They even reserved the Nasdaq ticker PCSO.

The same institutional investors behind Uber, Venmo, and eBay backed Pacaso. And you can join them. But not for long. Pacaso’s investment opportunity ends September 18.

Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.