The Latest: Trump is heading to Saudi Arabia on the first leg of his Mideast tripNew Foto - The Latest: Trump is heading to Saudi Arabia on the first leg of his Mideast trip

PresidentDonald Trumpwas heading to Saudi Arabia on Tuesday, the first leg of his three-nationvisit to the Middle Eastthis week meant to tackle multiple crises and conflicts across the region. His first stop is a visit to Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman. The two are to hold talks on U.S. efforts to dismantle Iran's nuclear program, end the war in Gaza, hold down oil prices and more. The crown prince is also expected to fete Trump with a formal dinner and a gathering of members of the Gulf Cooperation Council — made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — later on Tuesday. Here's the Latest: Treasury secretary says US, China have a 'mechanism' to avoid tensions U.S. Treasury Secretary Scott Bessent said on Tuesday that America and China now have a "mechanism" to avoid tensions. He spoke at an investment forum just before Trump was to land in Saudi Arabia. "We had a plan, we had a process. What we did not have with the Chinese was a mechanism," Bessent told the forum. "After this weekend, we have a mechanism to avoid escalation like we had before." Bessent said America could have a "big, beautiful rebalancing" with China as Beijing aims to have more of a consumption-based economy and Trump wants to see more precision manufacturing done in the U.S. Iran is mostly quiet about Trump's trip as it negotiates with US over the nuclear program Previous trips by U.S. presidents to the kingdom have drawn comments about Saudi Arabia being "milked" by the Americans for oil and dollars for military sales. But this time, Iranian newspapers and state television largely are not discussing Trump's trip in detail. The quiet may be due to the fact Riyadh and Tehran have been in a Chinese-mediated detente since 2023. Saudi Defense Minister Prince Khalid bin Salman, a brother to the Saudi crown prince, also traveled to Tehran in a high-level visit unthinkable in recent years of tensions between the two Mideast rivals. Hussein Ibish, an analyst at the Washington-based Arab Gulf States Institute, said Saudi Arabia's economic development projects at home means the kingdom wants peace across the region. Saudi Arabia prepares for Trump's arrival American and Saudi flags are lining the streets in Saudi Arabia's capital ahead of Trump's arrival, along with a noticeable security presence in Riyadh of all American-made police cars. At a "Media Oasis" set up for journalists, giant video screens showed off Saudi construction projects like its futuristic NEOM city and its hosting of the 2034 FIFA World Cup. A mobile McDonald's sat in the parking lot, still shuttered. Prince Turki al-Faisal, who led Saudi intelligence for more than two decades and served as ambassador to the U.S. and Britain, wrote in the English-language Arab News newspaper to Trump that "our doors and hearts are open to you." Tightly controlled Saudi media outlets express hope for Trump visit Saudi Arabia's tightly controlled media offered positive comments regarding Trump's visit. Columnists in the kingdom sought to describe the visit as part of a strategic reset in American-Saudi relations, which date back to when then-President Franklin Roosevelt met King Saud aboard the USS Quincy in 1945. "Many countries around the world, including in Europe, are following Saudi Arabia's lead in managing their affairs with Trump," wrote Abdulrahman al-Rashed in Asharq Al-Awsat. "The era of relying solely on political and military alliances with Washington is over; the focus now is on forging shared interests." Faisal J. Abbas of the English-language Arab News wrote that "the significance of the visit cannot be overstated — nor could its timing be more crucia," given Saudi Arabia's mediation in the Russia-Ukraine war and the recent conflict between India and Pakistan. He also acknowledged business deals would be part of the trip as well. "Putting America first does not mean ignoring opportunities abroad; it means seizing them," Abbas added. Trump's trip to Saudi Arabia comes as oil trades around $64 a barrel Trump's trip to Saudi Arabia comes as the president can already point to one thing for American voters — oil prices are down. It's not Trump's doing, though he's repeatedly criticized Saudi Arabia and the OPEC+ oil cartel over higher oil prices in the past. Those prices translate directly back into gasoline prices in the United States, which can become a major pain point for the U.S. public. The average price for a gallon of gasoline in the U.S. is $3.13, according to AAA, down from $3.61 a year ago. Right now, benchmark Brent crude trades around $64 a barrel. That's higher than when the around $50 a barrel it traded on his first trip to the kingdom as president in 2017. However, it's nowhere near the spikes seen after Russia's full-scale invasion of Ukraine in 2022. Then, the average gallon of gas in the U.S. was $5.01 at its height. Economic uncertainty over Trump's tariff policy has depressed global energy prices — as has OPEC more rapidly opening up production than initially thought. Saudi Arabia in particular needs that extra revenue as the crow prince's expansive development plans and the kingdom hosting the upcoming 2034 FIFA World Cup will need hundreds of billions of dollars of investments. Syria welcomes Trump's statements on mulling the removal of sanctions The Syrian Foreign Ministry says the sanctions on the country were imposed under the government of ousted Syrian President Bashar Assad and helped in removing him from power. But they are now harming the Syrian people, the ministry says, describing Trump's comments about removing them as "an encouraging step" to end the suffering of Syrians. The ministry said in a statement late Monday that the sanctions are hindering reconstruction in the war torn country. The Syrian people are looking for the "full lifting of the sanctions" as a step that boosts peace and prosperity both in Syria and the region, and open the way for international cooperation, it said. Trump starts Middle East trip with challenges and certainty Trump had intended to focus on pressing wealthy Gulf Arab nations during the Mideast trip to pour billions in new investment into the United States. But Trump finds himself navigating a series of geopolitical crises — and searching for glimmers of hope in the deep well of global turmoil. Those challenges are casting greater import on his first extended overseas trip of his second term, but the president is brimming with an overabundance of confidence about some of the world's most intractable problems. ▶ Read more aboutTrump's three-nation visit

The Latest: Trump is heading to Saudi Arabia on the first leg of his Mideast trip

The Latest: Trump is heading to Saudi Arabia on the first leg of his Mideast trip PresidentDonald Trumpwas heading to Saudi Arabia on Tuesda...
China presents a united front with Latin America, aiming to counter Trump's trade warNew Foto - China presents a united front with Latin America, aiming to counter Trump's trade war

TAIPEI, Taiwan (AP) — China is moving to strengthen its alliances with other countries as a counterweight to PresidentDonald Trump's trade war, presenting a united front with Latin American leaders at an event Tuesday in Beijing. China's leaders have positioned the world's second-largest economy as a reliable trade and development partner, in contrast to the uncertainty and instability from Trump'stariffhikes and other policies. On Monday, Beijing and Washington announced abreakthrough on tariffsafter weekend talks in Geneva, Switzerland, where they agreed to cut sky-high tariffs on both sides for 90 days to allow for negotiations. Having moved to defuse antagonisms with the U.S., Chinese President Xi Jinping said China stands ready to "join hands" with Latin countries "in the face of seething undercurrents of pure political and bloc confrontation and the surging tide of unilateralism and protectionism." "There are no winners in tariff wars or trade wars," Xi said, reiterating a phrase China has used repeatedly when referring to Trump's policies. He was speaking to the China-CELAC, or Community of Latin American and Caribbean States, Forum, which began in 2015. The presidents of Brazil, Chile and Colombia were among the Latin American and Caribbean officials attending. Xi announced five programs, focused on political exchanges, economic development, cultural and academic exchanges and global security to build closer ties between China and Latin American nations. He promised to boost imports from the region and to encourage Chinese companies to increase their investments there. He announced a new 66 billion yuan ($9.2 billion) credit line to support Latin American and Caribbean financing. China also plans to expand cooperation in clean energy, 5G telecommunications, the digital economy,artificial intelligenceand global security. China's trade with the region has been growing rapidly, exceeding $500 billion for the first time last year. Much of that growth has come from increased Chinese imports of farm goods including soybeans and beef, and energy imports such as crude oil, iron ore and critical minerals. Beijing's investments in the region through Xi's Belt and Road Initiative, or BRI, have included installing 5G networks and building ports and hydropower plants. Colombian President Gustavo Petro announced Monday that his country would formally join the BRI – in a vote of confidence after several Chinese projects in Latin America hit snags in recent months. In February, Panama became the first Latin American country to quit the initiative under pressure from the U.S. And earlier this month, Chinese electric vehicle maker BYD and stainless steel producer Tsingshan announced they were abandoning plans to build lithium cathode plants in Chile due to falling lithium prices. In other pledges, Beijing plans to invite 300 members from Latin American political parties to China annually for the next three years and facilitate 3,500 government scholarships and various other types of exchanges. Five Latin American countries will receive visa exemptions for travel to China, with more to follow, Xi said. It was not immediately clear which countries would become visa exempt.

China presents a united front with Latin America, aiming to counter Trump's trade war

China presents a united front with Latin America, aiming to counter Trump's trade war TAIPEI, Taiwan (AP) — China is moving to strengthe...
Winners of Trump's meme coin contest potentially include foreign investorsNew Foto - Winners of Trump's meme coin contest potentially include foreign investors

The race to win tickets to an exclusive crypto dinner gala with President Donald Trump at his private golf club in Virginia on May 22 ended with top 220 holders of the Trump meme coin winning invitations to the black tie gala, the coin's official X accountannounced Monday. A "leaderboard" of the top 220 holders appearing on the website did not display the identities of the winners, but it listed numerous wallets that some crypto experts have linked to possible foreign individuals and entities, heightening concerns about potential conflicts of interest arising from the Trump family's businesses and foreign interests. According to the meme coin's website, the top 25 "VIP holders" were also invited to what it described as an "Exclusive Reception before Dinner" and a "Special VIP Tour." MORE: SEC says meme coins not subject to securities regulations As the Trump family stands to potentially take in tens of millions of dollars from the coin's transactions and possibly even more from its ownership of the coin, the price of Trump's meme coin has been in constant fluctuation over the past three weeks, with numerous supporters and crypto enthusiasts flocking to purchase the coin to secure a seat at the gala while numerous others sell the coin to profit off the hype. The coin's price dropped rapidly on Monday as the competition ended, and was priced at $12.59 as of 4 p.m. ET. When the gala competition was first announced last year, the coin's price jumped by more than 55% and later reached a high of nearly $16.42, according toCoinbase.com. While fluctuations in the Trump coin's price have resulted in massive profits for a fortunate few, hundreds of thousands of investors have reportedly lost money on the coin. According to CNBC's reporting of blockchain analytics firmChainalysis' data, roughly 764,000 crypto wallets have lost money on Trump meme coin investments, while 58 wallets have made millions from their Trump coin investments. A White House spokesperson did not immediately respond to a request for comment from ABC News. Although the coin's website had earlier advertised a "Special VIP White House tour" for the top 25 coin holders, as of Monday afternoon it simply said "Special VIP tour," without mentioning the White House. Additionally, the website included a disclaimer saying the tour is being arranged by the Fight Fight Fight LLC, and that the president himself is appearing as a "guest." In its social media announcement about the conclusion of the contest, the post also announced a "rewards points program" and the awarding of "exclusive NFTs" for the winners. According to crypto experts, the wallet of the top coin holder -- nicknamed "Sun" and currently holding roughly $16.6 million worth of the Trump meme coin -- is owned by a foreign crypto exchange advised by Chinese billionaire Justin Sun, who recently moderated a panel discussion between Eric Trump and Zack Witkoff at a crypto conference in Dubai, where Witkoff announced the other Trump family crypto venture, World Liberty Financial, had partnered in a$2 billion business dealwith an Abu Dahbi state-backed investment firm. Justin Sun did not immediately respond to a request for comment from ABC News. Sun is also one of World Liberty Financials'biggest investors, purchasing $75 million worth of its coin the day before Trump's inauguration earlier this year. A month after that investment, SEC lawyers under the Trump administration moved to halt an alleged fraud case against Sun, who along with his companies has denied wrongdoing. The second top holder, a Singaporean entity identified by crypto experts as likely being MemeCore, and nicknamed "MeCo," has been more vocal about their race to secure a VIP ticket -- publicly soliciting followers to send Trump coin to their wallet so they can achieve "#1 on the $TRUMP leaderboard" and "conquer the entire meme space," with the promise of returning the tokens after the event. In all, the top 220 folders hold a total of 13.7 million Trump coins, valued at nearly $14 million as of 4 p.m. ET Monday, according to Coinbase.com. MORE: Trump family crypto venture tapped as part of $2B Emirati-backed investment deal Notably, 17 out of the top 220 coin holders on the leaderboard, including one in the top 25, appeared to hold zero Trump coin as of Monday afternoon -- possibly meaning that they sold their holdings before the contest ended. Experts say this is possible because the top 220 holders were chosen based on "time weighted holdings," which were calculated based on "both the amount and duration" of one's holdings from April 23 through May 12. "The longer you hold, the higher your weighted score becomes," the website says. It's not clear if the zero Trump coin holders will get invited to the event. Winners of Trump's meme coin contest potentially include foreign investorsoriginally appeared onabcnews.go.com

Winners of Trump's meme coin contest potentially include foreign investors

Winners of Trump's meme coin contest potentially include foreign investors The race to win tickets to an exclusive crypto dinner gala wi...
Warriors struggle again to stop Timberwolves stars Edwards and RandleNew Foto - Warriors struggle again to stop Timberwolves stars Edwards and Randle

SAN FRANCISCO (AP) — Anthony Edwards shook both hands at his sides in celebration after knocking down his second consecutive 3-pointer over a 33-second span midway through the third quarter as the Minnesota Timberwolves took over and ran away from the Golden State Warriors. No matter the matchup, Edwards is having his way with Golden State's defense. And Julius Randle, too. Coach Steve Kerr keeps stressing how if the Warriors are going to win their playoff series against the T-Wolves it will be because of defense. That defense isn't getting it done, and theWarriors lost 117-110 on Monday nightfor a second straight home defeat at Chase Center. They now face a 3-1 deficit in the best-of-seven Western Conference series and will try to stave off elimination heading back to Minneapolis for Game 5 on Wednesday. Edwards and Randle each shot 11 for 21 and they combined for 10 3-pointers as the Timberwolves went 16 of 34 from long range. Randle routinely made it look easy going to the basket in Game 4, then Edwards lit up the scoreboard by scoring 11 points in a 17-0 third-quarter surge. That 1-2 punch is more than Golden State can handle, especially without an injured Stephen Curry on the floor keeping everything together. Jimmy Butler and Draymond Green can't do it all themselves. Coming off a triple-doublein a 102-97 Game 3 win, Randle had 31 points — 19 of those by halftime. He shot 10 of 23 for 24 points in Game 3 after scoring 18 and 24 the first two games. Slowing down Edwards was just as important for the Warriors, who held the dynamic guard to making five of 14 shots in the first half Monday two days after he went off for 36 points while making 13 of 28 shots with five 3-pointers. But Edwards' 3 to beat the halftime buzzer Monday pulled Minnesota within 60-58 at the break and gave the Wolves momentum. He split two defenders in the key for a floating jumper and three-point play at the 7:45 mark of the third quarter, then hit consecutive 3-pointers on his way to six made 3s. Before the game, Kerr specifically mentioned Edwards and Randle. "We've got to figure out a way to slow them down," he said, "especially late." ___ AP NBA:https://apnews.com/hub/NBA

Warriors struggle again to stop Timberwolves stars Edwards and Randle

Warriors struggle again to stop Timberwolves stars Edwards and Randle SAN FRANCISCO (AP) — Anthony Edwards shook both hands at his sides in ...
Trey Hendrickson, Bengals remain deadlocked toward reaching contract extensionNew Foto - Trey Hendrickson, Bengals remain deadlocked toward reaching contract extension

Defensive end Trey Hendrickson and the Cincinnati Bengals remain deadlocked on progress toward a new deal or finding a new team. Hendrickson, who led the NFL with 17 1/2 sacks last season, released a statement to ESPN on Monday saying there has been no communication between his representatives or the organization since the NFL draft two weeks ago. "The offers prior to the draft did not reflect the vision we shared and were promised last offseason if I continued to play at a high level," Hendrickson said. "Coaches are aware of these past conversations. Rather than using collaboration to get us to a point to bring me home to the team, THEY are no longer communicating. I have been eagerly awaiting a resolution of this situation, but that's hard to do when there is no discussion and an evident lack of interest in reaching mutual goals." Hendrickson was an All-Pro selection last season. He received permission from the Bengals to seek a trade in March, but no progress has been made. Hendrickson also requested a trade last year before the NFL draft, but the Bengals did not grant the request. Hendrickson's 57 sacks since joining the Bengals in 2021 are third most in the league over the past four seasons. He signed with Cincinnati after four seasons with New Orleans. The Bengals were 9-8 last season and missed the playoffs for the second straight season. They hired Al Golden as defensive coordinator after finishing 25th in total defense. Increasing Hendrickson's frustration is the Bengals signed wide receivers Ja'Marr Chase and Tee Higgins to lucrative extensions in March. Chase's $161 million contract made him the highest-paid non-quarterback in the NFL, and Higgins' $115 million deal made him one of the league's top 10 highest-paid receivers. Bengals executive vice president Katie Blackburn said during the league meetings in late March that "he's still a Bengal. It's just something that we'll keep working through." Cincinnati drafted Texas A&M defensive end Shemar Stewart with the 17th overall pick, but he is seen more as a run defender as a rookie while honing his pass rushing skills. Stewart led the Aggies with 39 quarterback pressures last season but had only 1 1/2 sacks. ___ AP NFL:https://apnews.com/hub/NFL

Trey Hendrickson, Bengals remain deadlocked toward reaching contract extension

Trey Hendrickson, Bengals remain deadlocked toward reaching contract extension Defensive end Trey Hendrickson and the Cincinnati Bengals rem...

 

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