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Buckle up. 

Former President Trump plans to speak on Tuesday from Mar-a-Lago about his indictment after returning to Florida from his hometown. He’s poised to become the first former or current president to be booked on criminal charges, in this case, stemming from ties to a porn star and his alleged efforts to keep her from talking. 

Trump on Tuesday afternoon will be arraigned in New York City at a hearing on charges brought by Manhattan District Attorney Alvin Bragg, a Democrat who has received death threats following his announcement of the indictment (Media Matters and RadarOnline).  

After voluntarily turning himself in to the court, the former president — responding to “indictment No. 71543-23” — will enter a plea of not guilty, according to his lawyers. Trump and prominent Republicans have described the case as a partisan vendetta.

The indictment “is not even legally sufficient, factually it’s a joke and it won’t survive a challenge of law,” Trump lawyer Joe Tacopina, who has not seen the charges against Trump, told ABC’s “This Week.”

Trump, officially a candidate since mid-November with a practiced history of asserting victimhood, will face multiple charges of falsifying business records, including at least one felony offense, The Associated Press reported on Sunday. 

▪ The Hill: Trump lawyer anticipates motion to dismiss charges.

▪ The Hill: Trump lawyer hopes surrender is “painless and classy” in Manhattan.

▪ Rolling Stone: Trump’s team blasts former president’s lawyer, Tacopina, as “dumb,” “loudmouth.”

Former Trump administration Attorney General William Barr told “Fox News Sunday” that Bragg abused the function of prosecutions by “pursuing a person rather than pursuing a real crime.” While leading the Justice Department, Barr was criticized by detractors for pursuing phantom crimes in service to his then-boss before Barr resigned in December 2020.

Trump’s campaign — which last week fired off fundraising emails under the former president’s name with messages such as “I am not afraid” — told reporters that more than $5 million poured in from donors over two days (Axios).  

The Manhattan case is one of a trio of ongoing criminal probes, including one in Georgia related to efforts to overturn the 2020 election results, and a two-track probe by the Justice Department into Trump’s actions and false assertions tied to the election plus his retention of classified materials at his Mar-a-Lago club.

The Washington Post: DOJ’s probe of Trump’s possession of classified documents may be focused on obstruction. The government is said to have more evidence of Trump’s personal defiance at Mar-a-Lago of a subpoena for materials that had been removed from the White House.    

Trump’s legal jeopardy in the Stormy Daniels hush-payments controversy likely will stretch into 2024 and perhaps beyond. The former president and other down-ballot GOP candidates will be tasked to cater to die-hard Trump loyalists, a minority of the Republican base, and conservatives and moderates who tell pollsters they are open to a nominee next year who has less baggage and can carry the party into the future, The Hill’s Alexander Bolton reports. As with every Trump drama since 2015, the political terrain is unpredictable. 

Trump struggled with swing suburban voters in the past. “An indictment like this, with two more potentially coming down in the future, really hurts his chances to win back these suburban voters,” one GOP strategist told The Hill. “For any Republican candidate to succeed in a presidential race, they need to bring these right-of-center voters back into the fold and this latest development really hurts his chances to be the best candidate to do that,” he added. 

If the Georgia prosecutor or the Justice Department announce separate criminal complaints against the former president, he could be ensnared in legal battles for years. Nevertheless, Trump is not barred from candidacy or election while under indictment. 

Experts believe there are restrictions under election law that bar a declared presidential candidate from using PAC funds to pay legal bills, as Trump did in 2022 before officially launching his bid for a return to the Oval Office (The New York Times).    

The former president’s campaign team, in a fundraising memo that included poll numbers, said Sunday that the “Trump campaign and our grassroots supporters will not be distracted from our mission of securing the votes and delegates needed to win the Republican nomination in Milwaukee, and ultimately evict Joe Biden from the White House.”

The first poll conducted post-indictment, by Yahoo News/YouGov, shows Trump’s support over Florida Republican Gov. Ron DeSantis at 57 percent to 31 percent in a hypothetical primary head-to-head matchup — up from 47 percent to 39 percent two weeks ago. 

Related Articles

▪ CBS News: Rep. Marjorie Taylor Greene (R-Ga.), interviewed on Sunday’s “60 Minutes,” said, “Democrats support, even Joe Biden, the president himself, supports children being sexualized and having transgender surgeries. Sexualizing children is what pedophiles do to children.”

▪ CBS News: Department of Homeland Security Secretary Alejandro Mayorkas tells  “60 Minutes” that immigration at the U.S. southern border is a “significant challenge” but he turns aside an oft-used GOP description, “crisis.” 

▪ The Associated Press: How to run against Trump? GOP considers lessons from 2016.

▪ NBC News: Sen. Joe Manchin (D-W.Va.), 75, told NBC’s “Meet the Press” on Sunday that he’ll decide by the end of the year whether he will run for president, leaving his party identification for a possible White House bid up in the air.

▪ The New York Times: Manchin and Sen. Bill Cassidy (R-La.), both of whom voted for Trump’s impeachment after Jan. 6, question the motives behind his indictment.

▪ The Hill: Former Arkansas Republican Gov. Asa Hutchinson, 72, who announced he’s running for president in 2024, told ABC’s “This Week” that Trump should drop out of the White House race.

▪ The Hill’s The Memo: Trump’s political woes deepen with female voters.

▪ The Hill: DeSantis faces political peril with Trump’s indictment.

LEADING THE DAY

➤ MORE IN POLITICS

Republicans are grappling with their weaknesses with Generation Z voters as the voting bloc continues to flex its strength ahead of 2024, writes The Hill’s Julia Manchester. 

Generation Z voters overwhelmingly align with Democrats on issues like gun control, abortion, climate change and LGBTQ issues, posing a challenge for the GOP as it looks to appeal to the younger demographic. According to a Pew Research study released late last year, 77 percent of Generation Z voters said they voted for a Democratic candidate for Congress, compared to only 21 percent who said they voted for a Republican. John Della Volpe, the director of polling at the Harvard Kennedy School Institute of politics, argued that the GOP’s problem with Generation Z and millennial voters is rooted in the party’s differences with the generation over values.

“Republicans don’t have a messaging problem with younger voters, they have a values problem with younger voters,” Della Volpe told The Hill. “The problem is their values and vision are misaligned and the messengers are not trustworthy currently.”

Tensions are running high in the final days of Chicago’s mayoral race, in a contest that has laid bare divisions between local Democrats over some of the party’s most contentious national issues, write The Hill’s Hanna Trudo and Caroline Vakil. As Paul Vallas and Brandon Johnson vie to become the next leader of America’s third-largest city, supporters have ramped up their rhetoric, with one police union official warning of “blood in the streets” if Johnson, a progressive, wins. The Tuesday race, one of the most closely watched of the 2023 cycle, has highlighted fundamental disagreements within the party over visions on policing and education, while also underscoring long-simmering frustrations among Black voters. 

▪ CNN: Chicago mayoral runoff tests Democrats’ racial and ideological divides.

▪ Slate: Chicago mayoral race: How the teachers union became a political force.

A $70 million effort by the centrist group No Labels to get presidential ballot lines in all 50 states for 2024 has set off major alarm bells in Democratic circles and raised concerns among Republican strategists, who have launched their own research projects to figure out the potential impacts. The group — led by former Sen. Joe Lieberman (I-Conn.) — calls its efforts an “insurance policy” against the major parties nominating two “unacceptable” candidates next year.

“The only way you can justify this is if you really believe that it doesn’t really matter if it is Joe Biden or Donald Trump,” Stuart Stevens, a former Republican presidential campaign strategist who now works with the anti-Trump Lincoln Project, told the Post. “So it is sort of a test. If you live in a world where it doesn’t matter, this is kind of harmless. If you live in a world where it does matter, it is dangerous.”

Asked if Biden, who has not formally announced his reelection bid, would be an unacceptable candidate, Lieberman told the Post the answer was uncertain, saying “It might be that we will take our common-sense, moderate, independent platform to him and the Republican candidate and see which one of them is willing to commit to it. And that could lead to, in my opinion, a No Labels endorsement” (The Washington Post). 

▪ The New York Times opinion: Tuesday’s Wisconsin Supreme Court election could be the beginning of the end of former Gov. Scott Walker’s (R) legacy in Wisconsin.

▪ The Washington Post: Northern Virginia’s clout is fading amid General Assembly retirements.

➤ CONGRESS

Sen. John Fetterman (D-Pa.) spoke with CBS’s “Sunday Morning” about suffering from clinical depression, complicated by hearing deficits following a near-fatal stroke in May. Fetterman, 53, who was elected last year and expects to return to work in the Senate later this month, described his “downward spiral” before he voluntarily entered Walter Reed National Military Medical Center in February for treatment. 

“I will be going home. [It will] be the first time ever to be in remission with my depression,” he said. “And I can’t wait to [see] what it really feels like, to take it all in, and to start making up any lost time” (CBS News).

▪ The Hill: Democrats, bedeviled by absences, hope to get back to full strength.

▪ Politico: From agitator to insider: The evolution of Rep. Alexandra Ocasio-Cortez (D-N.Y.)

▪ The Hill: Rep. Dan Kildee (D-Mich.), 64, announced on Friday he has a “serious but curable form of cancer.”

IN FOCUS/SHARP TAKES

➤ ADMINISTRATION

Secretary of State Antony Blinken pressed his Russian counterpart, Foreign Minister Sergey Lavrov, for the release of recently detained Wall Street Journal reporter Evan Gershkovich in a Sunday phone call, the State Department said. Gershkovich was detained in Russia last week on espionage charges, and little is known about his condition since he was taken into custody by the Federal Security Service (FSB) while on assignment outside of Moscow. Blinken conveyed his “grave concern” to Lavrov over the detention of Gershkovich and another wrongfully detained American, Paul Whelan, calling it unacceptable and demanding their immediate release, according to a U.S. statement following the rare call between the two diplomats (The Wall Street Journal).

“The fact that Secretary of State Antony Blinken spoke to his counterpart today is hugely reassuring to us,” Journal Editor-in-Chief Emma Tucker said Sunday. “We know the U.S. government is taking this very seriously right up to the top, and as I say, that for us has been gratifying to know that they take it as seriously as they do.”

▪ The Washington Post: Vice President Harris, in Africa, puts a rare emotional emphasis on her identity.

▪ The Associated Press: Harris finds new connections in Africa as historic figure.

Julie Su, Biden’s nominee to succeed former Labor Secretary Marty Walsh, faces an uphill climb to confirmation as lawmakers prepare for a bruising battle when the Senate returns from a two-week break. As The Hill’s Alex Gangitano and Al Weaver report, Su has faced criticism from the right over her support of labor unions, her support of California’s Assembly Bill 5 law that introduced a three-stage test to prove a worker is an independent contractor rather than an employee, and her handling of the state’s unemployment insurance program when it paid out billions in fraudulent claims. Her stances have left a few moderate Democrats concerned whether she’s the right person for the job, which means her nomination could fall below the threshold of 50 votes needed for confirmation. 

“I think it’s going to take some work,” Sen. John Hickenlooper (D-Colo.), a member of the Senate Health, Education, Labor and Pensions (HELP) Committee, said about Su’s situation. “It’s sort of what they used to say about the NFL — on any given Sunday.”

▪ Politico: Biden’s nominees hit the Senate skids. Democrats’ 51-seat majority isn’t stopping a growing line of presidential picks — from the federal bench to the Interior Department — from screeching to a halt.

▪ The Hill: Business lobbyists take aim at Biden labor nominee.

Biden today heads to Minnesota on another stop of what the White House is calling an “Investing in America” tour. Few details have been released of the president’s itinerary in the Minneapolis area. “President Biden will tout the fact that private companies have committed to invest over $2 billion in Minnesota since he took office,” Haris Talwar, a regional communications director for the White House, said in a statement (Star Tribune).

CNN: First lady Jill Biden is making a four-state “Investing in America” blitz in a preview of possible reelection deployments.

➤ INTERNATIONAL 

Ukrainian President Volodymyr Zelensky is blasting Russia’s leadership of the United Nations Security Council as “obviously absurd and destructive.” Russia assumed the chair of the Security Council last week, as member states take turns at the head of the body each month. The move prompted Zelensky to call out the global body’s move to allow a “terrorist state” to lead the influential council. The U.N. Security Council is composed of 15 member states, meant to help secure global stability and peace. Five spots on the council are held permanently by the U.S., France, U.K., China and Russia — all five of which enjoy veto power (The Hill).

“Today, the terrorist state began to chair the U.N. Security Council,” Zelensky said in an address on Saturday. “It is hard to imagine something evident that proves the complete bankruptcy of such institutions.”

Meanwhile, an international arrest warrant for Russian President Vladimir Putin raises the prospect of the man whose country invaded Ukraine facing justice, but complicates potential peace talks to end the war. In March, judges in The Hague found “reasonable grounds to believe” that Putin and his commissioner for children’s rights were responsible for war crimes, specifically the unlawful deportation and unlawful transfer of children from occupied areas of Ukraine to Russia. While some have criticized the ICC’s actions, others foresee consequences for Putin as the primary desired outcome of international action (The Associated Press).

“There will be no escape for the perpetrator and his henchmen,” European Union leader Ursula von der Leyen said Friday in a speech to mark the one-year anniversary of the liberation of Bucha, the Ukraine town that saw some of the worst atrocities in the war. “War criminals will be held accountable for their deeds.”

▪ Reuters: Ukraine says its forces fight on in Bakhmut despite Russian claim to have taken it.

▪ The Hill: Gen. Mark Milley says Ukraine victory over Russia is unlikely this year.

▪ The Wall Street Journal: Russian shelling kills six in Ukraine as Zelensky criticizes Moscow’s U.N. role.

▪ Reuters: Bomb kills Russian war blogger in St. Petersburg cafe.

👉 U.S. gasoline prices are likely to go higher based on this unwelcome news: OPEC+ made a shocking million-barrel cut in production, which presents a new inflation risk. The Biden administration calls the move ill-advised (Bloomberg News).

▪ The New York Times: China draws lessons from Russia’s losses in Ukraine and its gains. With an eye on a possible conflict over Taiwan, analysts have scrutinized the war for insights ranging from the importance of supply lines to the power of nuclear threats.

▪ Politico EU: French President Emmanuel Macron wants to charm China — after failing with Putin.

Sitting at the center of the divide between China and the United States, Taiwan’s president, Tsai Ing-wen, has steered her country between the contradictory demands of the world’s two most powerful nations, one that claims the island under its authoritarian rule and another that views the democracy as one prong in a broader confrontation with China. Tsai’s visit to the U.S. this week, including an expected meeting with Speaker Kevin McCarthy (R-Calif.), is not about diplomatic breakthroughs, but about solidifying the island’s status in the minds of U.S. leaders (The New York Times).

“She has earned a place in the eyes of Americans, but also other parts of the world, as being a reliable interlocutor,” Steve Yates, chair of the China Policy Initiative at the America First Policy Institute, told the Times. “It is very hard for China’s propaganda machine to paint her as some kind of maniacal attack robot on all things China.”

▪ The Washington Post: McCarthy’s meeting in California with Taiwan’s president puts U.S. on alert.

▪ The New York Times: Prime Minister Sanna Marin toppled in tight election as Finland prepares to join NATO.

▪ The Associated Press: Pope Francis, recently hospitalized with bronchitis, marked Palm Sunday in Vatican Square.

▪ The Washington Post: Bodies of eight, believed to be migrants, recovered in Canada near U.S. border.

OPINION

■ To stop the next bank crisis, the Fed needs to fix itself, by The Washington Post editorial board. https://wapo.st/3G7vjnx

■ Too much of America is emptying out. More immigration can help, by Matthew Iglesias, Bloomberg Opinion columnist. https://bloom.bg/3zqbrrN

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 hold a pro forma session at 2 p.m. Lawmakers will return to the Capitol in two weeks. 

The Senate meets at 12:30 p.m. for a pro forma session.  

The president will receive the President’s Daily Brief at 9 a.m. Biden will travel from Delaware to Fridley, Minn., to talk about clean energy and tour the Cummins Power Generation facility, which manufactures generators and other power generation equipment. He will speak at 2:35 p.m. CDT at the Indiana-based company, which last year announced it will begin manufacturing electrolyzers, which help make hydrogen (Patch). The president will return to the White House at 8:05 p.m.

Vice President Harris is in Washington and has no public events today.

Secretary Blinken ​​begins a three-day itinerary in Brussels to participate in a NATO foreign ministerial meeting and the 10th U.S.-EU Energy Council meeting.

Treasury Secretary Janet Yellen at 2 p.m. will participate in a fireside discussion about the economy at Yale University (Yale Daily News). 

First lady Jill Biden will be in Denver, Colo., and Bay County, Mich., to promote career-connected learning and workforce training programs. In Denver, she will join Colorado Gov. Jared Polis (D) at 9:30 a.m. local time at the Colorado State Capitol for remarks (The Denver Post). The first lady will visit Delta College at 4 p.m. local to discuss workforce training programs.  

Health and Human Services Secretary Xavier Becerra is in Phoenix today to champion the administration’s efforts to lower prescription drug costs and expand health coverage, including under Medicaid. He will tour Melrose Pharmacy at 11 a.m. MST, joined by Phoenix Mayor Kate Gallego (D) and her ex-husband, Rep. Ruben Gallego (D-Ariz.), who is running for Senate, plus local stakeholders, followed by a press conference. Becerra will tour Ability 360 at 1:30 p.m. MST, participate in a panel discussion, and hold a press conference with local stakeholders.  

ELSEWHERE

➤ STATE WATCH

The death toll from severe thunderstorms in the South, Midwest and Mid-Atlantic rose to 32 as authorities warn that extreme weather will likely return this week. 

Residents across the South, Midwest and Mid-Atlantic said the storms brought down trees and power lines, flattened homes and left debris strewn everywhere. Early Sunday afternoon, more than 310,000 households in storm-struck regions were without power (The Washington Post and Reuters).

According to the National Weather Service, Tuesday could be a particularly dangerous day, with severe thunderstorms “likely to develop late Tuesday afternoon into Tuesday night across the lower Missouri Valley into southern portions of the Upper Midwest, and across parts of the southeastern Great Plains into portions of the Mid South,” and these thunderstorms could produce “a few strong tornadoes, large hail and damaging wind gusts.” 

▪ AccuWeather: Deadly tornadoes produce catastrophic damage across Midwest, South, Mid-Atlantic.

▪ CNN: Communities face major destruction after large tornadoes tear through the South and Midwest.

▪ The New York Times: Another round of severe storms expected Tuesday from Texas to Illinois.

Schools are introducing new measures and drug prevention organizations are adding to their curricula to combat a disturbing rise in teen overdose deaths, writes The Hill’s Lexi Lonas. While drug use among high school students is in a historic decline, the particular substances teenagers are consuming are becoming more dangerous, including some laced with fentanyl — and fatal overdoses among teens have doubled over the last three years. 

“I think that teachers — that all elementary, middle, high school and college professors — they have a responsibility to understand the environment now that we’re in,” Community Anti-Drug Coalitions of America President and CEO Barrye Price told The Hill. 

CNN: Arizona, Arkansas, Idaho, New Hampshire and South Dakota will be the first states to kick residents off Medicaid starting this month. A pandemic-spawned prohibition on states’ authority to winnow Medicaid rolls based on eligibility ended on Saturday. States are expected to act through the fall. Some people who are qualified for Medicaid or have been beneficiaries are unaware they should enroll or re-enroll.

➤ SPORTS 

🏀 The Louisiana State University Tigers on Sunday won their first NCAA title in program history when they beat the University of Iowa Hawkeyes 102-85 at American Airlines Center in Dallas. In a game marred by questionable officiating, LSU Coach Kim Mulkey earned her fourth title as the Tigers set a record for the most points scored in a women’s title game. Meanwhile, Caitlin Clark, the national player of the year, and the Hawkeyes came up short in their first title game appearance (CBS Sports).

▪ The Washington Post: Mulkey delivers a national championship to LSU.

▪ Axios: NCAA women’s March Madness breaks records. 

For the men’s championship title, the fourth seed University of Connecticut Huskies will face off against the fifth seed San Diego State University Aztecs tonight at 9:20 p.m. Before this season, San Diego State had never reached the Elite Eight, while it will be the first NCAA national championship game for UConn since 2014 (CNN).

USA Today: NCAA men’s Final Four recap: UConn continues March Madness domination, will play SDSU for the title. 

THE CLOSER

And finally … Here’s the scoop of the morning: Thieves recently bypassed the Blizzards at the DQ in Phoenix, encouraging police to get hot on the trail of whoever nabbed an enormous red utensil. 

What did thieves want with a giant spoon? The owners of a Dairy Queen in Phoenix remain perplexed — and slightly amused — as to why someone would steal the restaurant’s entrance decoration, which has a replacement sticker price of $7,000 (The Associated Press).

“We were kind of upset but then more puzzled,” Puja Kalra said last week. “What are they going to do with a spoon?”

She and her husband, Raman Kalra, say the spoon-snatching was caught on surveillance video, indicating that individuals apparently manipulated the fasteners that held the 15-foot spoon to the restaurant and then made off with it on a “small motorbike.”

“They were so precise about it like they had done it before,” Raman Kalra said. “They just wiggled their way through and made sure the spoon was not damaged.”

Phoenix police are looking for three suspects. One is seen on the video walking away with the spoon (AZ Family). There’s a $1,000 reward for information leading to an arrest. Taiwan leader’s visit to US seeks to project strength amid Beijing threats Depletion date for Social Security trust fund draws closer

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As Microsoft turns 50, Nadella sees future success built on ability to ‘win the new’

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As Microsoft turns 50, Nadella sees future success built on ability to 'win the new'

Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.

Jason Redmond | AFP | Getty Images

A half-century ago, childhood friends Bill Gates and Paul Allen started Microsoft from a strip mall in Albuquerque, New Mexico. Five decades and almost $3 trillion later, the company celebrates its 50th birthday on Friday from its sprawling campus in Redmond, Washington.

Now the second most valuable publicly traded company in the world, Microsoft has only had three CEOs in its history, and all of them are in attendance for the monumental event. One is current CEO Satya Nadella. The other two are Gates and Steve Ballmer, both among the 11 richest people in the world due to their Microsoft fortunes.

While Microsoft has mostly been on the ascent of late, with Nadella turning the company into a major power player in cloud computing and artificial intelligence, the birthday party lands at an awkward moment.

The company’s stock price has dropped for four consecutive months for the first time since 2009 and just suffered its steepest quarterly drop in three years. That was all before President Donald Trump’s announcement this week of sweeping tariffs, which sent the Nasdaq tumbling on Thursday and Microsoft down another 2.4%.

Cloud computing has been Microsoft’s main source of new revenue since Nadella took over from Ballmer as CEO in 2014. But the Azure cloud reported disappointing revenue in the latest quarter, a miss that finance chief Amy Hood attributed in January to power and space shortages and a sales posture that focused too much on AI. Hood said revenue growth in the current quarter will fall to 10% from 17% a year earlier

Nadella said management is refining sales incentives to maximize revenue from traditional workloads, while positioning the company to benefit from the ongoing AI boom.

“You would rather win the new than just protect the past,” Nadella told analysts on a conference call.

The past remains healthy. Microsoft still generates around one-fifth of its roughly $262 billion in annual revenue from productivity software, mostly from commercial clients. Windows makes up around 10% of sales.

Meanwhile, the company has used its massive cash pile to orchestrate its three largest acquisitions on record in a little over eight years, snapping up LinkedIn in late 2016, Nuance Communications in 2022 and Activision Blizzard in 2023, for a combined $121 billion.

Microsoft-Activision Blizzard set to clear final hurdle as U.K. regulators signal approval

“Microsoft has figured out how to stay ahead of the curve, and 50 years later, this is a company that can still be on the forefront of technology innovation,” said Soma Somasegar, a former Microsoft executive who now invests in startups at venture firm Madrona. “That’s a commendable place for the company to be in.”

When Somasegar gave up his corporate vice president position at Microsoft in 2015, the company was fresh off a $7.6 billion write-down from Ballmer’s ill-timed purchase of Nokia’s devices and services business.

Microsoft is now in a historic phase of investment. The company has built a $13.8 billion stake in OpenAI and last year spent almost $76 billion on capital expenditures and finance leases, up 83% from a year prior, partly to enable the use of AI models in the Azure cloud. In January, Nadella said Microsoft has $13 billion in annualized AI revenue, more even than OpenAI, which just closed a financing round valuing the company at $300 billion.

Microsoft’s spending spree has constrained free cash flow growth. Guggenheim analysts wrote in a note after the company’s earnings report in January, “You just have to believe in the future.” 

Of the 35 Microsoft analysts tracked by FactSet, 32 recommend buying the stock, which has appreciated tenfold since Nadella became CEO. Azure has become a fearsome threat to Amazon Web Services, which pioneered the cloud market in the 2000s, and startups as well as enterprises are flocking to its cloud technology.

Winston Weinberg, CEO of legal AI startup Harvey, uses OpenAI models through Azure. Weinberg lauded Nadella’s focus on customers of all sizes.

“Satya has literally responded to emails within 15 minutes of us having a technical problem, and he’ll route it to the right person,” Weinberg said.

Still, technology is moving at an increasingly rapid pace and Microsoft’s ability to stay on top is far from guaranteed. Industry experts highlighted four key issues the company has to address as it pushes into its next half-century.

Microsoft didn’t respond to a request for comment.

Regulation

There’s some optimism that the Trump administration and a new head of the Federal Trade Commission will open up the door to the kinds of deal-making that proved very challenging during Joe Biden’s presidency, when Lina Khan headed the FTC.

But regulatory uncertainty remains.

It’s not a new risk for Microsoft. In 1995, the company paid a $46 million breakup fee to tax software maker Intuit after the Justice Department filed suit to block the proposed deal. Years later, the DOJ got Microsoft to revamp some of its practices after a landmark antitrust case.

Microsoft pushed through its largest acquisition ever, the $75 billion purchase of video game publisher Activision, during Biden’s term. But only after a protracted legal battle with the FTC.

At the very end of Biden’s time in office, the FTC opened an antitrust investigation on Microsoft. That probe is ongoing, Bloomberg reported in March.

Nadella has cultivated a relationship with Trump. In January, the two reportedly met for lunch at Trump’s Mar-a-Lago resort in Florida, alongside Tesla CEO Elon Musk.

President Donald Trump shakes hands with Microsoft CEO Satya Nadella during an American Technology Council roundtable at the White House in Washington on June 19, 2017.

Nicholas Kamm | AFP | Getty Images

The U.S. isn’t the only concern. The U.K.’s Competition and Markets Authority said in January that an independent inquiry found that “Microsoft is using its strong position in software to make it harder for AWS and Google to compete effectively for cloud customers that wish to use Microsoft software on the cloud.”

Microsoft last year committed to unbundling Teams from Microsoft 365 productivity software subscriptions globally to address concerns from the European Union’s executive arm, the European Commission.

Noncore markets

Fairly early in Microsoft’s history the company became the world’s largest software maker. And in cloud, Microsoft is the biggest challenger to AWS. Most of the company’s revenue comes from corporations, schools and governments.

But Microsoft is in other markets where its position is weaker. Those include video games, laptops and search advertising.

Mary Jo Foley, editor in chief at advisory group Directions on Microsoft, said the company may be better off focusing on what it does best, rather than continuing to offer Xbox consoles and Surface tablets.

“Microsoft is not good at anything in the consumer space (with the possible exception of gaming),” wrote Foley, who has covered the company on and off since 1984. “You’re wasting time and money on trying to figure it out. Microsoft is an enterprise company — and that is more than OK.”

It’s unlikely Microsoft will back away from games, particularly after the Activision deal. Nearly $12 billion of Microsoft’s $69.6 billion in fourth-quarter revenue came from gaming, search and news advertising, and consumer subscriptions to the Microsoft 365 productivity bundle. That doesn’t include sales of devices, Windows licenses or advertising on LinkedIn.

“As a company, Microsoft’s all-in on gaming,” Nadella said in 2021 in an appearance alongside gaming unit head Phil Spencer. “We believe we can play a leading role in democratizing gaming and defining that future of interactive entertainment, quite frankly, at scale.”

AI pressure

Microsoft has an unquestionably strong position in AI today, thanks in no small part to its early alliance with OpenAI. Microsoft has added the startup’s AI models to Windows, Excel, Bing and other products.

The breakout has been GitHub Copilot, which generates source code and answers developers’ questions. GitHub reached $2 billion in annualized revenue last year, with Copilot accounting for more than 40% of sales growth for the business. Microsoft bought GitHub in 2018 for $7.5 billion.

Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.

Justin Sullivan | Getty Images

But speedy deployment in AI can be worrisome.

The company is “not providing the underpinnings needed to deploy AI properly, in terms of security and governance — all because they care more about being ‘first,'” Foley wrote. Microsoft also hasn’t been great at helping customers understand the return on investment, she wrote.

AI-ready Copilot+ PCs, which Microsoft introduced last year, aren’t gaining much traction. The company had to delay the release of the Recall search feature to prevent data breaches. And the Copilot assistant subscription, at $30 a month for customers of the Microsoft 365 productivity suite, hasn’t become pervasive in the business world.

“Copilot was really their chance to take the lead,” said Jason Wong, an analyst at technology industry researcher Gartner. “But increasingly, what it’s seeming like is Copilot is just an add-on and not like a net-new thing to drive AI.”

Innovation

At 50, the biggest question facing Microsoft is whether it can still build impressive technology on its own. Products like the Surface and HoloLens augmented reality headset generated buzz, but they hit the market years ago.

Teams was a novel addition to its software bundle, though the app’s success came during the Covid pandemic after the explosive growth in products like Zoom and Slack, which Salesforce acquired. And Microsoft is still researching quantum computing.

In AI, Microsoft’s best bet so far was its investment in OpenAI. Somasegar said Microsoft is in prime position to be a big player in the market.

“To me, it’s been 2½ years since ChatGPT showed up, and we are not even at the Uber and Airbnb moment,” Somasegar said. “There is a tremendous amount of value creation that needs to happen in AI. Microsoft as much as everybody else is thinking, ‘What does that mean? How do we get there?'”

Don’t miss these insights from CNBC PRO

Jefferies' Brent Thill makes the bullish call on Microsoft

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First month on record: fossil fuels drop below 50% of US power mix

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First month on record: fossil fuels drop below 50% of US power mix

Fossil fuels just hit a record low in the US electricity mix last month, while solar and wind soared to all-time highs, according to fresh data from global energy think tank Ember.

In March 2025, fossil fuels accounted for less than 50% – 49.2% – of electricity generated for the first month on record. This beats the previous monthly record low of 51% set in April 2024.

“This clearly demonstrates the growing role of wind and solar in the US energy system,” said Nicolas Fulghum, senior analyst at global energy think tank Ember. “This is a first signal that the US is approaching a tipping point where clean power takes the lead over fossil generation, and where the importance of coal and gas inevitably starts to fade.”

What this means is that clean energy generated more than half – 50.8% – of US electricity for the first month on record. The record was driven by a surge in wind and solar power, which hit a new high of 24.4% of US electricity in March 2025.

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In March 2025, US solar increased an astonishing 37% (+8.3 TWh) compared to March 2024. Wind increased by 12% (+5.7 TWh). Together, wind and solar reached an all-time high, generating 83 TWh of US electricity, 11% higher than the previous record of 75 TWh set in April 2024. Fossil fuel generation fell by 2.5% (-4.3 TWh) compared to March 2024.

The milestone is the result of a long-term decline of fossil generation in the US power sector, with wind and solar growing substantially over the last decade. In March 2015, fossil generation still provided 65% of US electricity generation. Wind and solar generation stood at just 5.7%. Since then, the share of wind and solar power has more than quadrupled.

“Wind and solar power are pushing fossil fuels out of the mix,” said Fulghum. “The reality on the ground is not one of a return to fossil fuels in the US, it’s the continued growth of solar and wind power that will be the dominant driver of electricity generation growth in the US.”

Solar power is set to account for more than half of new generating capacity installed in the US in 2025, with more than a third of new solar panels going to Texas. Solar adoption has exploded in just a decade. In March 2015, solar power accounted for just 1% of US electricity generation. By March 2025, it’s grown to 9.2%.

Last month, Ember published the report “US Electricity 2025,” which covered changes and trends in the US power sector in 2024. Solar was the fastest and largest growing source of electricity in the US in 2024. Wind and solar combined rose to a record 17% of the US electricity mix in 2024, overtaking coal for the first time, which accounted for 15%. 

Read more: Made-in-America solar just got a big win in Louisiana


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All the EVs (and PHEVs) you can buy with 0% financing in April 2025

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All the EVs (and PHEVs) you can buy with 0% financing in April 2025

Lease deals get all the hype, but most people still want to own the car after they’re done making all those payments on it. If that sounds like you, and you’ve been waiting for the interest rates on auto loans to drop, you’re in luck: there are a bunch of great plug-in cars you can buy with 0% financing and at pre-tariff prices this April!

As I was putting this list together, I realized there were plenty of ways for me to present this information. “Best EVs ..?” Too opinion based. “Cheapest EVs ..?” Too much research. “Best deal ..?” That’s usually subjective, but as automakers and dealers rush to raise prices in anticipation of Trump’s tariffs, two brands – Ford and Nissan – stand apart.

In the end, I went with alphabetical order, by make, so you’ll find out more about Ford and Nissan’s approach to the new market reality when you get to them. And, as for which deals are new this month? You’re just gonna have to read the article. Enjoy!

Acura ZDX

2024 Acura ZDX; via Acura.

Manufactured in Spring Hill, Tennessee, the 2024 Acura ZDX uses a GM Ultium battery and drive motors, but the styling, interior, and infotainment software are all Honda. That means you’ll get a solidly-built EV with GM levels of parts support and Honda levels of fit, finish, and quality control. All that plus Apple CarPlay and (through April 30th) 0% financing for up to 72 months makes the ZDX one the best sporty crossover values in the business.

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Chevy Blazer, Equinox EVs

GM-EV-rivals
2025 Chevy Equinox; via GM.

Both the Chevy Blazer EV and Equinox EV are manufactured at GM’s Ramos Arizpe plant in Coahuila, Mexico, and each offers their own takes on the five-passenger family SUV. Despite any incoming tariffs, the crossovers you’ll find on dealer lots today still represent a solid value, with the cost of base model Equinox LT FWD models with 319 miles of EPA-rated range dropping to just $27,500 after you apply the $7,500 Federal tax credit (for now, still a thing).

Chrysler Pacifica PHEV

2023 Chrysler Pacific (it’s the same); via Stellantis.

When the plug-in hybrid version of the Chrysler Pacifica minivan first went on sale all the way back in 2016, it seemed to imply that the old Chrysler Corporation was going to race ahead of the other Big Three US carmakers.

That didn’t happen, but the Pacifica is still the king of cupholders, while the van’s stow n’ go seating, and all the other practical, clever details that add up to remind you Chrysler invented these things – and through April 30th, you can get 0% financing for up to 72 months on 2025 MY examples of this made-in-Canada plug-in hybrid and cover up to 32 miles of your daily driving needs on the clean, pure power of electrons.

Ford Mustang Mach-E

Ford Mustang Mach-E
Ford Mustang Mach-E; via Ford.

As I mentioned at the top of the article, both Ford and Nissan have taken steps to push back against the Trump tariffs – and in Ford’s case, that means big discounts, employee pricing for all, and free chargers for EV buyers.

In addition to employee pricing, 2024 Mustang Mach-Es continue to offer 0% APR financing for up to 72 months. That offer appears to be stackable with $2,500 in bonus cash, too, and Tesla owners and lessees can also score $1,000 in conquest cash for up to $3,500 off.

GMC HUMMER EV

GMC HUMMER EV Pickup; via GMC of Rochester.

The biggest of the Ultium-based EVs, these Hamtramck, Michigan-built machines are seriously impressive EVs, with shockingly quick acceleration and on-road handling that seems to defy the laws of physics once you understand that these are, essentially, medium-duty trucks. If you’re a fan of heavy metal (and plastic), you’ll definitely want to stop by your local GMC dealer and give the rugged GMC HUMMER EV a test drive.

Honda Prologue

Honda-$99-Prologue-offer
Honda Prologue; via Honda.

Manufactured alongside its GM siblings at the Ramos Arizpe plant in Coahuila, Mexico, the hot-selling Honda Prologue pairs GM’s excellent Ultium platform with Honda sensibilities and Apple CarPlay to create a winning combination.

If you’ve been holding off, we’ve got good news: there’s still a few remaining 2024 models in dealer inventory out there. To make room for the 2025 models, Honda is offering 0% APR for up to 72 months on the remaining 2024s.

Click here to find a 0% interest (72 mo.) deal on a 2024 Prologue near you.

Hyundai IONIQ 6

Hyundai-cheaper-EVs
2024 Hyundai IONIQ 6 Limited; via Hyundai.

The ultra-efficient Hyundai IONIQ 6 is one of the most compelling Model 3 competitors out there – but that could change if the Korean-built sedan gets hit with heavy tariffs. To make sure that doesn’t happen, Hyundai is investing tens of billions of dollars into a US manufacturing base, creating new American jobs and ensuring (kinda) that it can continue to deliver real value to its customers.

The fast-charging IONIQ 6 offers up to 342 miles of range on its most efficient version, while even the shortest range models offer 220 miles of range. Through April 30th, Hyundai is offering a rare 0% interest deal on remaining 2024 examples of its slippery sedan for up to 48 months.

All the Kia EVs

2025 Kia Niro EV; via Kia.

Kia has something for just about everyone in its EV range, from the fun, compact, and underrated Niro EV to the practical three-row EV9 to the supercar-baiting performance of the Kia EV6 – a car that made its global debut on a drag strip running alongside a Lamborghini, a Porsche, and an AMG Mercedes GT.

Through April 30th, you can get 0% interest on just about every new EV you’ll find on your Kia dealer’s lot (minus 2025 Kia EV6 models). Click the links below to find yours.

Mitsubishi Outlander PHEV

2025 Outlander PHEV; via Mitsubishi.

One of the first three-row plugin cars to hit the market, Mitsubishi’s Outlander PHEV has always presented a strong value proposition with up to 38 miles of electric range from its 20 kWh li-ion battery and room for seven (in a pinch), making it a great “lily pad” vehicle for suburban families who want to drive electric but still worry about being able to find a charging station when they need one.

That might change when the tariffs take full effect, however – so if you’re looking for an affordable 7-passenger plug-in with a great safety rating at a reasonably affordable price, act fast.

Nissan Ariya

2024 Nissan Ariya; via Nissan.

I’ve already said that the Nissan Ariya didn’t get a fair shake. If you click that link, you’ll read about a car that offers solid driving dynamics, innovative interior design, and all the practicality that makes five-passenger crossovers the must-haves they’ve become for most families. Now, Nissan is slashing prices across the line as their competitors are raising theirs, making the case for the Ariya even stronger than before.

With great discounts available at participating dealers, Supercharger access, and 0% interest from Nissan for up to 72 months on both 2024 and 25 MY Ariya EVs.

Toyota bZ4X

Toyota-$10,000-discount-bZ4X
Toyota bZ4X; via Toyota.

Built in Toyota City, Japan, the bZ4X EV is a capable, dependable crossover with room for five and Toyota’s reputation for reliability and longevity to boot. With 0% financing and big discounts on both 2024 and 2025 models, the bZ4X might be the best deal on your local Toyota dealer’s lot.

Volkswagen ID.4

Volkswagen-ID.4-upgraded
VW ID.4; via Volkswagen.

One of the most popular legacy EVs, the ID.4 offers Volkswagen build quality and (for 2024) a Chat-GPT enabled interface. To keep ID.4 sales rolling, VW dealers are getting aggressive with discounts, making this fast-charging, 291 mile EPA-rated range, 5-star safety rated EV a value proposition that’s tough to beat.

This month, get a Volkswagen ID.4 fresh from the company’s Chattanooga, Tennessee assembly plant with 0% financing for up to 72 months plus a $5,000 customer cash bonus on remaining 2024 models to stack with it.

Disclaimer: the vehicle models and financing deals above were sourced from CarsDirectCarEdge, CarFaxUSNews, and (where mentioned) the OEM websites – and were current as of 03APR2025. These deals may not be available in every market, with every discount, or for every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.

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