No 10 might be prepared for some shuffling of feet at the ambassador’s reception
He was once dubbed the “King of Little Rock” such is the wealth and influence of Warren Stephens in his Arkansas heartland.
The investment banker worth more than $3bn enjoys the trappings of a considerable fortune, accumulated as he grew the family business, Stephens Inc, started by an uncle who switched from selling bibles.
Over the years, the 67-year-old has spent his profit pursuing his passions – owning an exclusive golf course, private jets and a wine collection to match his means.
Mr Stephens is something of a political chameleon, putting his money towards different parties and politicians.
A long-time Republican donor, he did nonetheless support Arkansas Democrat Bill Clinton in his presidential run in 1992.
The father-of-three wasn’t always a friend to Donald Trump. Indeed, in 2016, Mr Stephens was a leading light and funder of the “Stop Trump” campaign, Republicans opposed to him becoming their presidential nominee.
Clearly, bridges have been built since.
In 2020, he gave more than $3m to super PACs backing Mr Trump, although earlier this year he supported rival candidates Asa Hutchinson and Nikki Haley in the Republican primaries.
Cementing the UK-US “special relationship” takes on a particular importance amidst heightened geopolitical uncertainty – the new ambassador will be Mr Trump’s point man on a range of pressing issues in Britain and beyond.
A priority for his British hosts will be progress on negotiations towards a UK-US trade deal, although there may be some shuffling of feet at the ambassador’s reception.
It’s only a matter of weeks since Team Trump criticised Sir Keir Starmer’s Labour Party for “blatant foreign interference” in the US election after Labour volunteers travelled to campaign for Kamala Harris.
Donald Trump’s ‘big, beautiful bill’ has passed and he’s due to sign it into law on Independence Day. Mark Stone and David Blevins discuss how the bill will supercharge his presidency, despite its critics.
They also chat Gaza and Ukraine, as Donald Trump meets with freed Israeli-American hostage Edan Alexander and talks to Vladimir Putin.
If you’ve got a question you’d like the Trump100 team to answer, you can email it to trump100@sky.uk.
13 people have been killed in the US state of Texas after heavy rain caused flash flooding, according to local media reports.
Officials have also said more than 20 are missing from a girls’ camp in Texas.
As much as 10 inches (25 centimetres) of heavy rain fell in just a few hours overnight in central Kerr County, causing flash flooding of the Guadalupe River.
Judge Rob Kelly, the chief elected official in the county, confirmed fatalities from the flooding and dozens of water rescues so far.
A flood watch issued on Thursday afternoon estimated isolated amounts up to seven inches (17 centimetres) of rising water.
This breaking news story is being updated and more details will be published shortly.
Vladimir Putin told Donald Trump he “will not back down” from Russia’s goals in Ukraine during a phone call today, the Kremlin has said.
The Russian president spoke to his US counterpart for almost an hour, and Mr Trump “again raised the issue of an early end to military action” in Ukraine, Kremlin aide Yuri Ushakov told reporters.
In response, Mr Putin said “Russia will not back down” from its aims there, which include “the elimination of the well-known root causes that led to the current state of affairs,” Mr Ushakov said.
The phrase “root causes” is shorthand for Moscow’s argument that it was compelled to invade Ukraine in order to prevent the country from joining NATO.
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Trump and Putin’s latest call on Ukraine
Ukraine and its European allies say this is a pretext to justify what they call an imperial-style war, but Mr Trump has previously shown sympathy with Russia.
At the same time, Mr Putin told the US president that Russia is ready to continue negotiating, the aide said.
The Russian president said any prospective peace deal must see Ukraine give up its NATO bid and recognise his country’s territorial gains.
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Image: Volodymyr Zelenskyy, seen with Mr Trump in June, is pushing for Ukraine to join NATO. Pic: Reuters
He also briefed Mr Trump on agreements made last month, which saw Russia and Ukraine exchange prisoners of war and dead soldiers.
Specific dates for the third round of peace talks in Istanbul were not discussed – nor was the US decision to halt some shipments of critical weapons to Ukraine.
Mr Putin and Mr Trump’s call came after the Pentagon confirmed some weapons due to be sent to Ukraine have been held as it reviews military stockpiles.
The paused shipments include air defence missiles and precision-guided artillery, two people familiar with the situation have said.