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On Capitol Hill, two Republican leaders emerged Wednesday as top contenders to replace Kevin McCarthy as speaker of the House, a day after his ouster by far-right Republicans brought Congress to a standstill. One contender is Ohio Congressmember Jim Jordan, chair of the House Judiciary Committee and leader of the far-right House Freedom Caucus. Former wrestlers at Ohio State University have accused Congressmember Jordan of failing to intervene as a team doctor sexually abused young men in the 1990s. Also announcing a run for the speaker’s gavel Wednesday was Republican Majority Leader Steve Scalise of Louisiana. Reporter Stephanie Grace told The New York Times Congressmember Scalise once described himself to her as “like David Duke without the baggage,” referring to the former Klansman and white supremacist.

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Europeans win in UN clash with US over rival resolutions on Ukraine war

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Europeans win in UN clash with US over rival resolutions on Ukraine war

The US has abstained from a UN General Assembly vote on a resolution it drafted on the war in Ukraine after the body approved amendments proposed by European countries.

The vote took place on the same day the 193-member assembly approved a competing European-backed resolution from Ukraine which demanded Russia immediately withdraw from the country.

The duelling proposals reflect the tensions that have emerged between the US and Ukraine after Donald Trump suddenly opened negotiations with Russia in a bid to quickly resolve the conflict.

It also underscores the strain in the US’ relationship with Europe over the Trump administration’s decision to engage with Moscow.

Follow latest: Ukraine war live updates

The US-drafted resolution, marking the third anniversary of Russia’s invasion of Ukraine, had called for an end to the conflict but did not mention Moscow’s aggression.

It also made no mention of Ukraine’s territorial integrity.

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However, it was amended after European nations said that it should include references to Russia’s full-scale invasion of Ukraine and the need for a lasting peace in line with the UN Charter.

It was also amended to include references to Ukraine’s sovereignty.

The amended US-drafted resolution won 93 votes in favour, while 73 states abstained – including the US – and eight – including Russia – voted no.

Meanwhile, there were 93 votes in favour of the Ukraine-backed resolution, while 65 abstained and 18 voted against it.

The UK, France and Germany were among the countries that voted in favour of the Ukraine-backed resolution, which called for a “comprehensive, just and lasting peace in Ukraine”.

The US, Russia, Belarus and North Korea were among those that opposed it.

The US voted against Ukraine's resolution. Pic: AP
Image:
The US voted against Ukraine’s resolution. Pic: AP

The outcome marks a setback for the Trump administration in the UN General Assembly, whose resolutions are not legally binding but are seen as a barometer of world opinion.

However, the result also shows some diminished support for Ukraine – as more than 140 nations had voted to condemn Russia’s aggression in previous votes.

The United States had tried to pressure the Ukrainians to withdraw their resolution in favour of its proposal, according to a US official and a European diplomat.

US deputy ambassador Dorothy Shea, meanwhile, said multiple previous UN resolutions condemning Russia and demanding the withdrawal of Russian troops “have failed to stop the war,” which “has now dragged on for far too long and at far too terrible a cost to the people in Ukraine and Russia and beyond”.

“What we need is a resolution marking the commitment from all UN member states to bring a durable end to the war,” Ms Shea said.

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German chancellor-in-waiting vows to ‘create unity’ in Europe
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Dorothy Shea said the war has 'dragged on too long'. Pic: Reuters
Image:
Dorothy Shea said the war has ‘dragged on too long’. Pic: Reuters

The world is marking the third anniversary of Russia’s war in Ukraine as America’s allies try to navigate a new reality as Washington’s stance appears to favour Moscow.

European leaders were dismayed last week when they and Ukraine were left out of preliminary talks on ending the conflict.

Mr Trump has called Ukrainian President Volodymyr Zelenskyy a “dictator,” falsely accused Kyiv of starting the war and warned that he “better move fast or he is not going to have a country left”.

Mr Zelenskyy responded by saying the US president was living in a Russian-made “disinformation space”.

Meanwhile, French President Emmanuel Macron is at the White House holding talks with Mr Trump to discuss a peace plan for Ukraine.

At the start of the meeting, Mr Trump told reporters Russian President Vladimir Putin will accept European peacekeepers in Ukraine as part of a potential deal to end the war in the country.

Mr Trump and Mr Macron have been meeting after the pair had earlier joined a call between G7 leaders.

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Trump on Ukraine’s territory: ‘We’ll see’

UK Prime Minister Sir Keir Starmer, who will meet with Mr Trump at the White House on Thursday, appeared virtually and said G7 nations should be ready to “take on more risk”.

Canadian Prime Minister Justin Trudeau, who was in Kyiv, called Russia’s aggression a war on “our way of life”.

European Commission president Ursula von der Leyen said Europe’s “first priority” is to strengthen Ukraine’s resistance.

She said this includes speeding up the delivery of weapons and increasing investment, announcing a further €3.5bn (about £3bn) in aid for Ukraine.

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Luton teenager who murdered family was planning school shooting

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Luton teenager who murdered family was planning school shooting

A teenager who admitted killing his mother and two younger siblings was plotting a school shooting, it can now be reported.

Nicholas Prosper, 19, appeared at Luton Crown Court over the deaths of Juliana Falcon, 48, Giselle Prosper, 13, and Kyle Prosper, 16.

Their bodies were found at a flat in Leabank, off Wauluds Bank Drive, Luton, in September.

He was also planning a shooting at St Joseph’s Catholic Primary School in Luton, where he and his siblings had all been pupils.

Headteacher Maureen Murphy said staff were “very shocked” to learn of the plot, but that there is no threat to the school.

Prosper’s harrowing plan, said to have left investigators “in shock and disbelief”, was foiled by police who spotted him in the street immediately after the murders.

He was stopped in nearby Bramingham Road, and a loaded shotgun was found hidden in bushes nearby, along with more than 30 cartridges.

As he appeared in court on Monday, Prosper spoke to confirm his identity and to plead guilty to three charges of murder.

Detective Chief Inspector Sam Khanna, from the Bedfordshire, Cambridgeshire and Hertfordshire Major Crime Unit, said: “In all my years working on murder investigations, I have never known a case quite like this.

“Not only were three innocent lives taken in such brutal circumstances, but we then learnt of Prosper’s plans to carry out a shooting at a school, something which left our whole investigation team in shock and disbelief.

“We cannot even begin to comprehend why someone would plan to kill innocent children and are so grateful to those arresting officers who helped prevent this from taking place.”

Giselle Prosper (left), Juliana Prosper (centre), Kyle Prosper (right) found dead in a flat in Luton, Leabank, on Friday 13 September 2024. Pic: family pics issued via Bedfordshire police
Image:
Giselle Prosper (left), Juliana Falcon (centre), Kyle Prosper (right). Pic: Family pictures via Bedfordshire Police

Leader of Luton Council, Hazel Simmons MBE, branded the murders as “senseless” and said their thoughts were with the victims, their family and friends.

The councillor sought to reassure parents by saying “our schools have robust systems in place to keep children safe and security is constantly reviewed and monitored”.

After recently asking schools to review their security, Ms Simmons said schools will be asked to further review their measures in light of what emerged from court on Monday.

“On behalf of the town I would like to thank and praise the excellent work of Bedfordshire Police for apprehending the perpetrator before he attempted to cause more harm.

“However, we know this case will be unsettling for parents which is why the council is working with schools to put support in place in our schools to anyone who needs it.”

Prosper also admitted a number of other offences, including purchasing a shotgun without a certificate, possession of a shotgun with intent to endanger life and possession of a kitchen knife in a public place.

He will be sentenced on 5 March and has been remanded in custody.

‘A cold-blooded attack’

Chris Derrick, a deputy chief crown prosecutor at the Crown Prosecution Service (CPS), said the victims’ lives “were stolen in a cold-blooded attack”.

Mr Derrick said in a statement “the full extent of Prosper’s actions will be laid bare when he is sentenced, and he can expect to face a very long time behind bars”.

He added: “We hope today’s conviction offers some solace to those who loved and cared for them, as they mourn their loss.”

A friend of Ms Falcon previously described her as someone who “lived for her children” and said she was “a positive person who will be so terribly missed”.

A previous statement on X from the headteacher at Lea Manor High School said they were “deeply shocked” by the death of Giselle.

“Giselle was a beautiful soul and a model pupil, she excelled in all her subjects and will be sorely missed, particularly by her friends in Year 9.”

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Kyle’s school described the incident as “devastating” and offered “heartfelt condolences” to his family.

A previous statement issued by Cardinal Newman Catholic School said: “This is devastating news to all those who knew and loved Kyle and it will take some time to come to terms with the profound sense of loss.

“We know this will be a difficult time for students and staff and we will do all we can to support them with love and compassion.

“We extend our heartfelt condolences to Kyle’s family on their immeasurable loss, to his friends and to all those in neighbouring schools who are coming to terms with their own loss.”

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Here’s why Rivian’s (RIVN) stock is down today even after its big Q4 milestone

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Here's why Rivian's (RIVN) stock is down today even after its big Q4 milestone

Rivian (RIVN) shares hit a new yearly low on Monday, dropping nearly 10%. Despite achieving its first gross profit in Q4, Rivian’s stock is taking a beating due to mixed analyst opinions. Here’s what they’re saying.

Last week, Rivian released its fourth quarter 2024 earnings, announcing a gross profit of $170 million. Although still a relatively small number, it’s a massive $776 million improvement from Q4 2023 and Rivian’s first positive gross profit.

After shutting down its manufacturing plant in Normal, IL, last April for upgrades and launching its second-generation R1 vehicles, CEO RJ Scaringe said the company is seeing “meaningful” cost reductions.

“This quarter, we achieved positive gross profit and removed $31,000 in automotive cost of goods sold per vehicle delivered in Q4 2024 relative to Q4 2023,” Scaringe explained last week after releasing fourth-quarter earnings.

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Rivian built 49,476 vehicles last year and delivered 51,579. In 2025, the company expects slightly fewer deliveries, projecting between 46,000 and 51,000 due to external factors, including changing government policies. It also expects lower EDV deliveries for Amazon after higher output in Q4.

Q1 2024 Q2 2024 Q3 2024 Q4 2024 Full-Year 2024 2025 guidance
Deliveries 13,588 13,790 10,018 14,183 51,579 46,000 – 51,000
Production 13,980 9,612 13,157 12,727 49,476 N/A
Rivian EV deliveries and production by quarter in 2024

Some Wall St analysts are also concerned about policy changes under the Trump Administration. On Monday, Bank of America analysts downgraded Rivian stock to an Underperform rating from Neutral following its Q4 results.

The analysts also cut Rivian’s stock price target to $10 from $13, saying the 2025 delivery forecast was “softer than expected” and “there could be more downside risk if policy changes are enacted.”

Rivian-stock-Q4-2024-earnings
Production at Rivian’s Normal, IL plant (Source: Rivian)

Rivian stock hit with a downgrade after Q4 earnings

Bank of America warned that new competition from Lucid (LCID), GM’s Chevy, and VW’s Scout could impact sales projections over the next few years.

Meanwhile, the memo did say Rivian is still “one of the most viable” EV startups and the joint venture with Volkswagen is “complicating earnings forecasts for at least the next four years” for forecasting. Rivian finalized its EV joint venture with VW in the fourth quarter, worth up to $5.8 billion, of which Rivian will get $3.5 billion over the next few years.

Rivian-stock-Q4-2024-earnings
Rivian’s next-gen R2, R3, and R3X (Source: Rivian)

Part of Rivian’s lower 2025 delivery forecast is due to plant upgrades coming at the end of the year for its more affordable R2 SUV. Starting at $45,000, the R2 will be nearly half the cost of the current R1S and R1T.

Rivian plans to begin R2 production early next year in Normal but expects output to significantly ramp up at its new EV plant in Georgia.

Rivian-stock-Q4-profit
Rivian EV production plans (Source: Rivian)

Despite closing on its loan agreement for the US DOE for up to $6.6 billion last month, the funding is up in the air with Trump threatening to freeze federal loans.

“Given the Trump Administration’s focus on cost-cutting, we believe there could be a risk to RIVN’s $6.6 billion Department of Energy loan closed by the Biden Administration on Jan 16,” Bank of America analysts said.

Rivian-stock-Q4-2024-earnings
Rivian (RIVN) stock chart February 2024 through February 2025 (Source: TradingView)

Despite the downgrade, several analysts upgraded the stock. Needham raised its price target from $14 to $17, while Wells Fargo bumped theirs up to $14 from $11 with an “Equal-Weight” rating.

Rivian’s stock was down over 8% on Monday following the downgrade. At around $11.90, however, Rivian shares are still up 11% over the past year.

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