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The nation’s central bank on Wednesday described the rough equivalent of determinedly rowing a boat in unpredictable economic waters, uncertain of the distance to shore or whether the vessel will hit sand or boulders.

Federal Reserve Chair Jerome Powell said the Federal Open Market Committee unanimously agreed to continue battling inflation with higher interest rates, including a 25 basis-point hike announced on Wednesday, with the caveat that achieving its 2 percent inflation goal “in time,” compared with the current 6 percent, remains an endeavor filled with uncertainty and somewhat perplexing data (The Hill).

Will the Fed pause its relentless rate hikes? “Some additional policy firming may be appropriate,” the central bank said in its statement about pursuing the 2 percent goal. Powell said the key words in that phrase were “may” and “some” — in other words, pausing rate hikes hasn’t been ruled out but was not the central bank’s choice this month. The Fed this year does not expect to roll back higher rates. Its forecast for this year is 5.1 percent.

“Rate cuts are not in our base case, and that’s all I can say,” Powell added.

Would the Fed stop hiking at 5.1 percent? “It’s going to depend,” he added.

Stronger-than-anticipated economic indicators, including high employment, robust consumer demand and stubbornly high prices, could be impacted as a result of this month’s turmoil in some banks, but “it’s too soon to tell” whether demand will sag with tightening credit and help drive down prices, akin to the impact of an interest rate hike, Powell said.

The New York Times: Some analysts say that the banking industry tumult has slowed the economy as banks pull back on lending.

Could a potential recession have a snowballing effect on job losses? “Recessions are hard to model,” Powell replied. Is a soft landing after continued rate hikes still a possibility amid a roiled banking sector? “It’s too early to say whether these events have had much of an effect,” the chairman noted, adding that the question is “how long this period will be sustained.”

Powell offered one assurance: The U.S. banking sector is “sound and resilient,” he said. “I think depositors should assume their deposits are safe” (The Hill)

The Hill: The five most important things Powell said about recent banking turmoil.

What went wrong with Silicon Valley Bank’s supervision? “I want nothing else than for us to find out what happened and why,” the chairman said, noting that an internal Fed review is underway. The Fed will “welcome” independent investigations of what occurred before the collapse of SVB and Signature Bank, he added, noting a “100 percent certainty” that outside probes, including on Capitol Hill, are expected.

▪ The Hill: Powell says the banking system is sound following the SVB collapse. 

▪ The Hill: SVB tripled loans to insiders in months before its collapse.

Sens. Rick Scott (R-Fla.) and Elizabeth Warren (D-Mass.) are promoting Federal Reserve oversight legislation (The Hill). The bipartisan measure would require a presidentially appointed and Senate-confirmed inspector general to the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau.

“After the Federal Reserve’s failure to properly identify and prevent the shocking failures of Silicon Valley Bank and Signature Bank, it’s clear we can’t wait any longer for big change at the Fed,” Scott said in a statement.

Warren wants a vote on legislation to reverse a 2018 rollback of post-financial crisis restrictions that small- and medium-sized banks lobbied Congress to change, The Hill’s Alexander Bolton reports. However, any such vote would be a problem for Democrats who backed the 2018 bill, including Sens. Jon Tester (D-Mont.), Joe Manchin (D-W.Va.), Kyrsten Sinema (I-Ariz.), and Tim Kaine (D-Va.). Senate Majority Leader Chuck Schumer (D-N.Y.) says he favors legislation but is signaling he won’t bring any banking measure to the floor absent bipartisan backing.

Senate Banking Committee Chairman Sherrod Brown (D-Ohio) said on Wednesday he envisions efforts to restore faith in the banking sector coming primarily from regulators. “We don’t rule out doing some things legislatively,” he added, noting that there could be bipartisan support for new laws to reform the system of deposit insurance administered by the FDIC (MarketWatch).

Treasury Secretary Janet Yellen, who testified on Wednesday to members of the Senate Appropriations Committee, said government regulators were not focused on lifting the FDIC’s $250,000 insurance cap to backstop more bank deposits. “[We’ve] not considered or discussed having anything to do with a blanket insurance or guarantees of all deposits,” she said in response to a question.

But the secretary pledged that federal bank regulators would do whatever it takes to “ensure that depositors’ savings remain safe” in U.S. banks (CNBC). Yellen said that if there’s a contagious bank run, the Treasury would likely pursue an exception that would permit the FDIC to protect all depositors of the failed banks. This would be considered on a case-by-case basis, she told senators (Barron’s).

▪ The Hill: The Federal Reserve projects the U.S. unemployment rate will climb from 3.6 percent in February to 4.5 percent by the end of the year. “That’s an estimate of what will happen. It’s a highly uncertain estimate,” Powell told reporters.

▪ Fortune: “Already past the point of no return”: JPMorgan says the U.S. is probably headed for a recession as economic “engines are about to turn off.”

Related Articles

▪ Fox News: Manchin and 21 colleagues led by Sen. John Barrasso (R-Wyo.) support legislation introduced on Tuesday that would cut off the Chinese Communist Party from multilateral development banks.  

▪ The Hill and CNBC: Democratic Sens. Cory Booker (N.J.) and Raphael Warnock (Ga.) press big bank CEOs to pause overdraft fees after SVB failure. 

▪ ​​The New York Times “The Daily” podcast: Former Rep. Barney Frank (D-Mass.) on his role in the banking crisis. 

LEADING THE DAY

➤ POLITICS

Former President Trump set off a frenzy a few days ago when he declared based on news accounts that he would be arrested on Tuesday, but the alleged hush money case against him in Manhattan has yet to turn up an indictment, lending an air of mystery to what comes next. The grand jury hearing evidence in the probe did not convene on Wednesday, and although Manhattan District Attorney Alvin Bragg (D) has taken a series of steps in recent days interpreted to be pre-indictment, his office has been mum (The Hill and The New York Times). 

“I’m a little confused by all the speculation about why the Manhattan DA’s indictment is delayed,” Noah Bookbinder, president of Citizens for Responsibility and Ethics in Washington, tweeted Wednesday. “He never said he would indict today, or at all, so there is no delay. For such a high-profile case, they’ll want to get it right. They’ll move if and when ready, not a moment before.”

▪ ​​The Hill: Senate Majority Leader Chuck Schumer (D-N.Y.) declines to state confidence in Manhattan district attorney.

▪ ​​BuzzFeed News: Indictment looms, but Trump keeps posting.

▪ ​​NBC News: “War room” mentality pervades Mar-a-Lago with possible Trump indictment looming.

▪ Politico and The Washington Post: In the ongoing federal investigation of Trump’s possession of classified documents and possible obstruction of justice, a panel of three judges with the U.S. Court of Appeals for the D.C. Circuit on Wednesday ordered a lawyer for the former president to turn over evidence.

Florida Gov. Ron DeSantis’s (R) salvo targeting Trump’s character this week has been met with questions from corners of the GOP over its effectiveness as the world waits for a possible indictment. The Hill’s Al Weaver reports that DeSantis, who has yet to announce his expected presidential bid, this week came out swinging against his onetime ally, and Trump and his backers punched back. According to a pair of GOP operatives, however, DeSantis was both too late to respond and too weak in how he did it to be effective.

“The attacks from this week are too cute by half and come off as childish,” one GOP operative told The Hill. “What’s happening this week, the party thinks it’s wildly unfair and the way President Trump is being treated is a total joke, and they’re rallying around him — and that’s from a lot of people who love him, people who hate him who think he’s being treated unfairly… I don’t think they’ve helped [DeSantis]. If anything, they’ve helped Trump.” 

▪ The New York Times: The DeSantis foreign policy: Hard power, but with a high bar.

▪ Politico: Never Don and Never Ron: The rest of the GOP field looks for a third lane.

▪ ​​The Washington Post: DeSantis ignored Trump, then sided with him, then criticized him. Other GOP 2024 hopefuls are charting their own paths.

▪ ​​Axios: The DeSantis administration moves to expand the “Don’t Say Gay” law in Florida.

▪ ​​Miami Herald and The Daily Beast: After DeSantis tussle, Disney World will host a major LGBTQ summit.

Chicago’s mayoral race between Brandon Johnson, a progressive Black former Cook County commissioner, and Paul Vallas, a moderate white former CEO of Chicago Public Schools, spotlights the city’s long-evident racial divisions. As The Hill’s Cheyanne M. Daniels reports, Johnson secured support from predominantly Black neighborhoods, running on an agenda of education and police reform. Vallas, meanwhile, espoused tough-on-crime policies and urged middle-class and wealthier Chicagoans to “take back the city.” Vallas was the only white candidate in this year’s election and his rhetoric won the support of many voters in the North and Southwest neighborhoods, predominantly white areas home to wealthy families and police officers and firefighters. 

“Chicago has always been a city that has been very explicitly divided by racial politics,” explained Twyla Blackmond Larnell, associate professor of political science at Loyola University Chicago and faculty affiliate for the school’s Institute for Racial Justice.  

In Texas, new legislation is heating up the long-running cold war between the state’s relatively progressive cities and its GOP-dominated legislature, writes The Hill’s Saul Elbein. The bills are part of a broader push by conservative groups to take their conflicts with progressive cities up with state legislators, rather than cities themselves, said Bennett Sandlin, executive director of the Texas Municipal League, a trade group for the state’s cities.

“It’s coming out of national think tanks in the last years,” he said. “You go straight to the state government and don’t have to go city by city.”

➤ CONGRESS

TikTok is fighting to justify its existence in the U.S. ahead of CEO Shou Zi Chew’s testimony today before the House Energy and Commerce Committee, where he’ll talk about the company’s privacy practices, the app’s impact on children, and its relationship with China’s government. On Tuesday, Chew posted a video to TikTok’s official account, addressing the company’s 150 million U.S. users. He said that he plans to tell Congress everything the company is doing to “protect Americans using the app,” which is owned by the Chinese company ByteDance.

Lawmakers aren’t so sure about that protection, with many saying they’re worried about the app sharing Americans’ data with its Chinese owners. Congress is scrutinizing its data and privacy practices; several bills have been introduced to regulate the company. The FBI and Department of Justice are reportedly investigating whether the app spied on U.S. citizens, including journalists, and Biden has explored possibly banning TikTok in the U.S. unless its Chinese owners sell their stakes (NPR).

▪ ​​ABC News: TikTok updates rules; CEO on charm offensive for US hearing. 

▪ ​​Quartz: Chew wants to dismantle the idea that TikTok is a Chinese app.

▪ ​​The Wall Street Journal: Who is the TikTok CEO trying to reassure America?

▪ ​​NBC News: A 50 percent jump in active users on TikTok suggests the app has become even more entrenched in the U.S. over the nearly three years that Washington has grappled with how to rein it in. 

▪ ​​Reuters: TikTok lands its first major ally on Capitol Hill in Rep. Jamaal Bowman (D-N.Y.).

Defending parental rights in education has become a fan favorite state-level policy move among Republicans, and the GOP-majority House today is set to shine a national spotlight on the issue with a vote on the “Parents Bill of Rights Act.” The measure will receive neither time nor attention in the Democratic-controlled Senate, The Hill’s Lexi Lonas writes, but Republicans clearly think they’ve found a winning message. 

“The pandemic brought to light for a lot of us moms and dads for the first time ever, we sat down and we saw what our children were being taught through the virtual classroom. And when we saw that, so many of us were disheartened with what we were viewing,” said Rep. Julia Letlow (R-La.), the lead sponsor of the bill. “Then we did the right thing, right? We went to our school boards and we voiced our displeasure. But we were turned away.”  

The Main Street Caucus, one of the five most influential factions of Republicans in the House, is finding its footing in the new GOP majority. The Hill’s Emily Brooks reports that after something of a rebirth in the last Congress, Chairman Dusty Johnson (R-S.D.) and Vice Chairwoman Stephanie Bice (R-Okla.) are taking charge of the group of more than 70 members in the 118th Congress — starting with a push of support for House Speaker Kevin McCarthy (R-Calif.) during his drawn-out Speaker’s election. Johnson said the group’s goal is to bring “responsibility, reasonableness, sensibility” to major priorities. 

“In the same way that we were at the center of the Speaker election, we will be at the center of all those must-pass bills,” Johnson said. Main Street Caucus Republicans bill themselves as a “pragmatic” group looking to be the adults in the room on legislating. But don’t call them moderates, they say, as the group’s members include ideological conservatives in deep red districts. 

▪ Politico: McCarthy’s newest challenge: Keeping the House GOP peace on war powers. It’s the rare topic that unites archconservatives and Democrats, but the Speaker needs to find a way to please the mainstream members of his conference, too.

▪ ProPublica: Rep. Jim Jordan (R-Ohio) issues sweeping information requests to universities researching disinformation.

IN FOCUS/SHARP TAKES

➤ INTERNATIONAL 

Russia on Wednesday blasted an apartment block in Ukraine with missiles and swarmed cities with drone attacks overnight, punctuating a display of force as President Vladimir Putin bid farewell to his visiting “dear friend” and Chinese counterpart Xi Jinping, who departed Moscow. Officials in Zaporizhzhia said at least one person was killed and 33 wounded by a twin missile strike (Reuters).

“Right now, residential areas where ordinary people and children live are being fired at,” President Volodymyr Zelensky tweeted. “This must not become ‘just another day’ in Ukraine or anywhere else in the world. The world needs greater unity and determination to defeat Russian terror faster and protect lives.”

▪ ​​NPR: The leaders of China and Russia have finished talks. Here are some takeaways.

▪ ​​The New York Times: Zelensky makes a morale-building visit to the war zone in the east.

▪ ​​Politico EU: Ukraine sees no way to negotiate peace with Putin after war crimes warrant.

▪ ​​The Washington Post: Xi’s delay of the Siberia pipeline signals limits to his embrace of Putin.

▪ Reuters: Russian missiles batter Ukraine, but Bakhmut offensive seen stalling.

Xi’s offer to negotiate peace between Russia and Ukraine — which he claimed as part of the reason for visiting Moscow in the first place — is widely viewed as a smokescreen amid Beijing’s deepening relationship with Russia. The proposed plan didn’t get much attention during the three-day visit. But Beijing recently achieved a nascent, diplomatic breakthrough between Saudi Arabia and Iran, and their offer to be a peace broker suggests Beijing is focused on flipping the world order away from the U.S., the West and other democracies (CNN).  

▪ The Wall Street Journal: It wasn’t just Credit Suisse. Switzerland itself needed rescuing. Crisis threatened an economic model and national identity built on safeguarding the world’s wealth.

▪ The New York Times: French President Emmanuel Macron denounces violent protests, warning against “excesses.”

▪ Politico EU: Ahead of EU leaders’ summit, Germany and France steal the show — again.

▪ Reuters: “If not now, when?”: Emotional Australian prime minister advances Indigenous referendum.

The State Department has eased restrictions on employees with foreign ties. Critics have called the practice discriminatory, particularly to Asian American diplomats barred from working in countries such as China and Taiwan (The Washington Post).

OPINION

■ Bankers attacked my views on regulation. But my “golden” idea could save them from themselves, by Saule Omarova, guest essayist, The New York Times. https://nyti.ms/3z307St

■ Trump’s indictment won’t win him votes, by Karl Rove, opinion columnist, The Wall Street Journal. https://on.wsj.com/40gkfg0

WHERE AND WHEN

📲 Ask The Hill: Share a news query tied to an expert journalist’s insights: The Hill launched something new and (we hope) engaging via text with Editor-in-Chief Bob Cusack. Learn more and sign up HERE.

The House will convene at 10 a.m. The House Committee on Science, Space and Technology will hold a hearing at 10 a.m. about “Advanced Air Mobility: The Future of Unmanned Aircraft Systems and Beyond.”

The Senate meets at 10 a.m. 

The president will receive the President’s Daily Brief at 9 a.m. Bidenwill host an anniversary event at 1 p.m. in the East Room to mark the enactment of the Affordable Care Act. Biden and first lady Jill Biden will depart the White House at 4:40 p.m. for travel to Ottawa, Canada, for a visit that concludes on Friday. They will be greeted upon arrival at the airport at 6:40 p.m. by Canadian Governor General Mary Simon and her spouse, Whit Fraser. The president and first lady at 8:25 p.m. will be welcomed to Canada by Prime Minister Justin Trudeau and wife Sophie Grégoire Trudeau at the prime minister’s residence and they will participate in a private reception.

Vice President Harris will participate at 1 p.m. in the East Room event for the Affordable Care Act tribute.

Secretary Yellen will testify before a House Appropriations subcommittee at 3 p.m. (👉The White House today released a statement of opposition to House Freedom Caucus budget ideas titled “Five Alarm Fire,” asserting that Republicans would harm U.S. seniors.) 

Secretary of State Antony Blinken will testify at 2 p.m. before a House Appropriations subcommittee about his department’s budget.

Defense Secretary Lloyd Austin will testify about his department’s proposed budget at 10 a.m. before a House Appropriations subcommittee.

Health and Human Services Secretary Xavier Becerra will attend a White House event to mark the 2010 enactment of the Affordable Care Act.

Economic indicator: The Labor Department at 8:30 a.m. will report on claims for unemployment insurance filed in the week ending on March 18.

ELSEWHERE

➤ HEALTH & PANDEMIC 

More than 20 percent of transgender children and adolescents in the U.S. can no longer legally access gender-affirming health care because of new state laws that bar doctors from providing certain medications or services to minors, according to a Wednesday report from the Human Rights Campaign, a national LGBTQ advocacy organization.

Of the more than 300,000 transgender 13- to 17-year-olds currently living in the U.S., close to 1 in 4 — around 66,600 — have lost access to gender-affirming health care. With more than 100 bills targeting transgender health care under consideration in over half the country this year, an additional 28 percent of transgender children and teens may soon lose access to care considered medically necessary by most major medical organizations (The Hill).

▪ ​​The New York Times: Medicare tries to combat fraud. Now insurers are fighting back.

▪ ​​The Hill: Tainted eye drops linked to three deaths, vision loss.

▪ ​​The Washington Post: Troubled U.S. organ transplant system targeted for overhaul.

▪ ​​The Hill: Rising drug shortages pose national security threat, Senate panel says.

A deadly fungus spreading at an alarming rate in U.S. hospitals and clinics has exposed a broader problem of patient safety being jeopardized by underfunded and understaffed infection-prevention efforts, experts say (The Washington Post).

“Infection control within health care is extremely neglected,” Saskia Popescu, an assistant professor at George Mason University who is an expert in infection prevention, told the Post. “We expect hospitals to continuously respond to growing and emerging infectious-disease threats but don’t give them the resources to do so.”

The Wall Street Journal: Moderna to price its COVID-19 vaccine at $130 a dose.

Information about the availability of COVID-19 vaccine and booster shots can be found at Vaccines.gov. 

Current U.S. COVID-19 deaths are 1,706 for the most recent week, according to the Centers for Disease Control and Prevention. (Data is reported on Fridays.)

THE CLOSER

Take Our Morning Report Quiz

And finally … It’s Thursday, which means it’s time for this week’s Morning Report Quiz! Inspired by the city we deep dive into every morning, we’re eager for some smart guesses about Washington, D.C.

Be sure to email your responses to asimendinger@thehill.com and kkarisch@thehill.com — please add “Quiz” to your subject line. Winners who submit correct answers will enjoy some richly deserved newsletter fame on Friday.

Building codes in the District specify that no structure may be built taller than ___? The Washington Monument 130 feet, as per the Height of Buildings Act of 1899 (amended in 1910) The Capitol  Heights specified by Pierre Charles L’Enfant, the city’s original architect

In what year did the District undergo so-called retrocession and return some of the land ceded by the federal government for its construction to Virginia? 1847 1798 1812 1870

East-west streets in D.C. use letters. Which one doesn’t exist? L St. I St. J St. E St.

As the dividing center for all of the city’s quadrants, all roads really do lead to ___? The Capitol The White House The Washington Monument The Lincoln Memorial Republicans grill military on diversity, equity goals Why the Fed hiked rates in the face of banking crisis

Stay Engaged

We want to hear from you! Email: Alexis Simendinger and Kristina Karisch. Follow us on Twitter (@asimendinger and @kristinakarisch) and suggest this newsletter to friends!

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It’s MLB Home Run Derby Day! Predictions, live updates and takeaways

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It's MLB Home Run Derby Day! Predictions, live updates and takeaways

It’s 2025 MLB All-Star Home Run Derby day in Atlanta!

Some of the most dynamic home run hitters in baseball will be taking aim at the Truist Park stands on Monday (8 p.m. ET on ESPN) in one of the most anticipated events of the summer.

While the prospect of a back-to-back champion is out of the picture — 2024 winner Teoscar Hernandez is not a part of this year’s field — a number of exciting stars will be taking the field, including Atlanta’s own Matt Olson, who replaced Ronald Acuna Jr. just three days before the event. Will Olson make a run in front of his home crowd? Will Cal Raleigh show off the power that led to 38 home runs in the first half? Or will one of the younger participants take the title?

We have your one-stop shop for everything Derby related, from predictions to live updates once we get underway to analysis and takeaways at the night’s end.


MLB Home Run Derby field

Cal Raleigh, Seattle Mariners (38 home runs in 2025)
James Wood, Washington Nationals (24)
Junior Caminero, Tampa Bay Rays (23)
Byron Buxton, Minnesota Twins (21)
Brent Rooker, Athletics (20)
Matt Olson, Atlanta Braves (17)
Jazz Chisholm Jr., New York Yankees (17)
Oneil Cruz, Pittsburgh Pirates (16)


Live updates


Who is going to win the Derby and who will be the runner-up?

Jeff Passan: Raleigh. His swing is perfect for the Derby: He leads MLB this season in both pull percentage and fly ball percentage, so it’s not as if he needs to recalibrate it to succeed. He has also become a prolific hitter from the right side this season — 16 home runs in 102 at-bats — and his ability to switch between right- and left-handed pitching offers a potential advantage. No switch-hitter (or catcher for that matter) has won a Home Run Derby. The Big Dumper is primed to be the first, beating Buxton in the finals.

Alden Gonzalez: Cruz. He might be wildly inconsistent at this point in his career, but he is perfect for the Derby — young enough to possess the stamina required for a taxing event that could become exhausting in the Atlanta heat; left-handed, in a ballpark where the ball carries out better to right field; and, most importantly, capable of hitting balls at incomprehensible velocities. Raleigh will put on a good show from both sides of the plate but will come in second.

Buster Olney: Olson. He is effectively pinch-hitting for Acuna, and because he received word in the past 72 hours of his participation, he hasn’t had the practice rounds that the other competitors have been going through. But he’s the only person in this group who has done the Derby before, which means he has experienced the accelerated pace, adrenaline and push of the crowd.

His pitcher, Eddie Perez, knows something about performing in a full stadium in Atlanta. And, as Olson acknowledged in a conversation Sunday, the park generally favors left-handed hitters because of the larger distances that right-handed hitters must cover in left field.

Jesse Rogers: Olson. Home-field advantage will mean something this year as hitting in 90-plus degree heat and humidity will be an extra challenge in Atlanta. Olson understands that and can pace himself accordingly. Plus, he was a late addition. He has got nothing to lose. He’ll outlast the young bucks in the field. And I’m not putting Raleigh any lower than second — his first half screams that he’ll be in the finals against Olson.

Jorge Castillo: Wood. His mammoth power isn’t disputed — he can jack baseballs to all fields. But the slight defect in his power package is that he doesn’t hit the ball in the air nearly as often as a typical slugger. Wood ranks 126th out of 155 qualified hitters across the majors in fly ball percentage. And he still has swatted 24 home runs this season. So, in an event where he’s going to do everything he can to lift baseballs, hitting fly balls won’t be an issue, and Wood is going to show off that gigantic power en route to a victory over Cruz in the finals.


Who will hit the longest home run of the night — and how far?

Passan: Cruz hits the ball harder than anyone in baseball history. He’s the choice here, at 493 feet.

Gonzalez: If you exclude the Coors Field version, there have been just six Statcast-era Derby home runs that have traveled 497-plus feet. They were compiled by two men: Aaron Judge and Giancarlo Stanton. James Wood — all 6-foot-7, 234 pounds of him — will become the third.

Olney: James Wood has the easy Stanton- and Judge-type power, and he will clear the Chophouse with the longest homer. Let’s say 497 feet.

Rogers: Hopefully he doesn’t injure himself doing it, but Buxton will break out his massive strength and crush a ball at least 505 feet. I don’t see him advancing far in the event, but for one swing, he’ll own the night.

Castillo: Cruz hits baseballs hard and far. He’ll crush a few bombs, and one will reach an even 500 feet.


Who is the one slugger fans will know much better after the Derby?

Passan: Buxton capped his first half with a cycle on Saturday, and he’ll carry that into the Derby, where he will remind the world why he was baseball’s No. 1 prospect in 2015. Buxton’s talent has never been in question, just his health. And with his body feeling right, he has the opportunity to put on a show fans won’t soon forget.

Olney: Caminero isn’t a big name and wasn’t a high-end prospect like Wood was earlier in his career. Just 3½ years ago, Caminero was dealt to the Rays by the Cleveland Guardians in a relatively minor November trade for pitcher Tobias Myers. But since then, he has refined his ability to cover inside pitches and is blossoming this year into a player with ridiculous power. He won’t win the Derby, but he’ll open some eyes.


What’s the one moment we’ll all be talking about long after this Derby ends?

Gonzalez: The incredible distances and velocities that will be reached, particularly by Wood, Cruz, Caminero, Raleigh and Buxton. The hot, humid weather at Truist Park will only aid the mind-blowing power that will be on display Monday night.

Rogers: The exhaustion on the hitter’s faces, swinging for home run after home run in the heat and humidity of Hot-lanta!

Castillo: Cruz’s 500-foot blast and a bunch of other lasers he hits in the first two rounds before running out of gas in the finals.

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Report: Sternberg to sell Rays for $1.7 billion

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Report: Sternberg to sell Rays for .7 billion

Tampa Bay Rays owner Stu Sternberg has agreed in principle to a $1.7 billion deal to sell the franchise to a group led by a Florida-based developer Patrick Zalupski, according to a report from The Athletic.

The deal is reportedly expected to be closed as early as September and will keep the franchise in the area, with Zalupski, a homebuilder in Jacksonville, having a strong preference to land in Tampa rather than St. Petersburg.

Sternberg bought the Rays in 2004 for $200 million.

According to Zalupski’s online bio, he is the founder, president and CEO of Dream Finders Homes. The company was founded in December 2008 and closed on 27 homes in Jacksonville the following year. Now, with an expanded footprint to many parts of the United States, Dream Finders has closed on more than 31,100 homes since its founding.

He also is a member of the board of trustees at the University of Florida.

The new ownership group also reportedly includes Bill Cosgrove, the CEO of Union Home Mortgage, and Ken Babby, owner of the Akron RubberDucks and Jacksonville Jumbo Shrimp, both minor-league teams.

A year ago, Sternberg had a deal in place to build a new stadium in the Historic Gas Plant District, a reimagined recreational, retail and residential district in St. Petersburg to replace Tropicana Field.

However, after Hurricane Milton shredded the roof of the stadium last October, forcing the Rays into temporary quarters, Sternberg changed his tune, saying the team would have to bear excess costs that were not in the budget.

“After careful deliberation, we have concluded we cannot move forward with the new ballpark and development project at this moment,” Sternberg said in a statement in March. “A series of events beginning in October that no one could have anticipated led to this difficult decision.”

MLB commissioner Rob Manfred and some other owners began in March to privately push Sternberg to sell the franchise, The Athletic reported.

It is unclear what Zalupski’s group, if it ultimately goes through with the purchase and is approved by MLB owners, will do for a permanent stadium.

The Rays are playing at George M. Steinbrenner Field in Tampa, located at the site of the New York Yankees‘ spring training facility and home of their Single-A Tampa Tarpons.

Field Level Media contributed to this report.

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Ohtani hits leadoff for NL; Raleigh cleanup for AL

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Ohtani hits leadoff for NL; Raleigh cleanup for AL

ATLANTA — Shohei Ohtani will bat leadoff as the designated hitter for the National League in Tuesday night’s All-Star Game at Truist Park, and the Los Angeles Dodgers star will be followed in the batting order by left fielder Ronald Acuna Jr. of the host Atlanta Braves.

Arizona second baseman Ketel Marte will hit third in the batting order announced Monday by Dodgers manager Dave Roberts, followed by Los Angeles first baseman Freddie Freeman, San Diego Padres third baseman Manny Machado, Dodgers catcher Will Smith, Chicago Cubs right fielder Kyle Tucker, New York Mets shortstop Francisco Lindor and Cubs center fielder Pete Crow-Armstrong.

Pittsburgh Pirates right-hander Paul Skenes will start his second straight All-Star Game, Major League Baseball announced last week. Detroit Tigers left-hander Tarik Skubal will make his first All-Star start for the American League.

“I think when you’re talking about the game, where it’s at, these two guys … are guys that you can root for, are super talented, are going to be faces of this game for years to come,” Roberts said.

Detroit second baseman Gleyber Torres will lead off for the AL, followed by Tigers left fielder Riley Greene, New York Yankees right fielder Aaron Judge, Seattle Mariners catcher Cal Raleigh, Toronto Blue Jays first baseman Vladimir Guerrero Jr., Baltimore Orioles designated hitter Ryan O’Hearn, Tampa Bay Rays third baseman Junior Caminero, Tigers center fielder Javy Báez and Athletics shortstop Jacob Wilson.

Ohtani led off for the AL in the 2021 All-Star Game, when the two-way sensation also was the AL’s starting pitcher. He hit leadoff in 2022, then was the No. 2 hitter for the AL in 2023 and for the NL last year after leaving the Los Angeles Angels for the Dodgers.

Skenes and Skubal are Nos. 1-2 in average four-seam fastball velocity among those with 1,500 or more pitches this season, Skenes at 98.2 mph and Skubal at 97.6 mph, according to MLB Statcast.

A 23-year-old right-hander, Skenes is 4-8 despite a major league-best 2.01 ERA for the Pirates, who are last in the NL Central. The 2024 NL Rookie of the Year has 131 strikeouts and 30 walks in 131 innings.

Skubal, a 28-year-old left-hander, is the reigning AL Cy Young Award winner. He is 10-3 with a 2.23 ERA, striking out 153 and walking 16 in 121 innings.

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