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Europe Scorched by Record Heatwave: France and Italy Take Emergency Measures

As a blistering heatwave tightens its grip on Europe, countries are scrambling to protect citizens from soaring temperatures and mounting health risks. France has shuttered over 1,350 schools  and closed the top floor of the Eiffel Tower as temperatures surged past 40°C (104°F)  in several regions. Sixteen French departments are now under the highest heat alert, with authorities urging people to stay hydrated and indoors during peak hours. Meanwhile, Italy has imposed restrictions on outdoor work , particularly in agriculture and construction, during the hottest parts of the day. Cities like Rome, Milan, and Venice are under red alerts, with hospitals reporting a spike in heat-related illnesses. The Mediterranean Sea has also hit record highs, with waters in Spain’s Balearic Sea reaching 30°C , up to 6 degrees above average. Scientists warn that Europe—already warming at twice the global average —is facing increasingly frequent and intense heatwaves due to climate change. New ...
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Trump’s “Truth Social” Stock Plummets Amidst Market Turmoil


 


Former President Donald Trump’s much-hyped venture, Truth Social, has suffered a catastrophic crash as soon as the markets opened. Shares of Trump Media & Technology Group (TMTG), the company behind Truth Social, plummeted a staggering nine percent in a single morning. Here’s what you need to know about this financial fiasco:

  • The merger between TMTG and a blank check acquisition company last month initially inflated the stock’s value, but the reality has been harsh. Truth Social’s revenue for the past year was a meager $4.1 million, while losses amounted to a whopping $58 million.
  • Investors, once enamored by the astronomical valuation, are now unloading their shares. The crash has wiped out billions of dollars in value, including over $1 billion of Trump’s own net worth.
  • At the time of writing, shares hover around a dismal $36, well below the merger price. The truth, it seems, is that the market has little faith in this social media experiment.

A Dubious Venture

  • Critics argue that Truth Social’s business model resembles a classic pump and dump scheme. Trump’s most ardent supporters, however, remain undeterred. For them, losing money in a failed Trump venture is not a betrayal but a privilege.
  • Political commentator Paul Waldman aptly summarized the situation: “When it crashes to earth, they’ll thank Trump for the privilege of being shaken down” .
  • Barry Diller, chairman of IAC and Expedia, minced no words: “It’s a scam, just like everything [Trump’s] ever been involved in is some sort of con” .

Lessons Learned

  • Truth Social’s fall from grace serves as a cautionary tale. While the former president may have hoped to profit, investors are left counting their losses.
  • As the wreckage settles, one thing remains clear: The celestial rise of Truth Social was short-lived, and its descent mirrors the unpredictability of the cosmos itself.


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