President-elect Trump says Ukraine to ‘possibly’ receive less military aid
U.S. President-elect Donald Trump attends a meeting with Britain’s Prince William (not pictured) at the residence of the British ambassador to France, on the day of the reopening ceremonies of the Notre-Dame de Paris Cathedral following the 2019 fire, in Paris, France, December 7, 2024.
Aaron Chown | Via Reuters
In an exclusive interview with Donald Trump on NBC’s “Meet the Press” on Sunday, the president-elect told NBC News’ Kristen Welker that Ukraine will “possibly” receive less military aid once he takes office.
“We’re in for $350 billion, and Europe is in for $100 billion. Why isn’t Europe in for the same as us?” Trump told Welker of support that has gone to Ukraine since the war began in February 2022.
“The one thing that should happen is that Europe…should equalize,” he added.
On Saturday, U.S. Defense Secretary Lloyd Austin announced a $988 million aid package of new arms and equipment to Ukraine to help in the ongoing conflict following Russia’s invasion. All told, the U.S. has committed more than $62 billion in assistance to Ukraine since the conflict started nearly three years ago.
“I think [Ukrainian President Volodymyr Zelenskyy] is maybe the greatest salesman of any politician that’s ever lived,” Trump previously said of the Ukrainian leader in June. The comments suggest that Zelenskyy’s diplomatic skills were to credit for the tens of billions of dollars in U.S. military aid packages, rather than the country’s actual needs.
Like his stance during his first term in the White House, Trump said that NATO needs to “pay their bills” as a condition of the U.S. remaining part of the military coalition. The incoming president has previously threatened multiple times to withdraw the country from NATO — an alliance that has been in place since World War II, with a primary mission of protecting against the growing power of Russia.
“Europe is in for a fraction, and war with Russia is more important for Europe than it is for us,” Trump told Welker. “We have a little thing called an ocean in between us.”
When asked whether he had been in touch with Putin since winning office, Trump would not deny that he had spoken to the Russian president.
France’s President Emmanuel Macron (C) walks with U.S. President-elect Donald Trump (R) and Ukraine’s President Volodymyr Zelenskyy (L) after a meeting at the Elysee Presidential Palace in Paris on Dec. 7, 2024.
Julien De Rosa | Afp | Getty Images
The incoming president met with Ukraine’s Zelenskyy during a 35-minute meeting hosted by French President Emmanuel Macron in Paris on Saturday. The three were in Paris for a ceremony to reopen the Notre Dame Cathedral, which has been under repairs since a fire in 2019.
Following Trump’s conversation with Zelenskyy in France, the incoming president took to social media to call for an end to the conflict in Ukraine.
“There should be an immediate ceasefire and negotiations should begin,” Trump wrote in a post on his social media platform Truth Social. He added that the “war that should never have started, and could go on forever.”
Trump has said before that within a day of taking office, he would broker an end to the conflict between Russia and Ukraine, crediting his strong ties with Putin.
“I know Vladimir well. This is his time to act. China can help. The World is waiting!” Trump added in his social media post.
Trump also highlighted his “good relationship” with Chinese President Xi Jinping, noting they have been communicating with one another since he was elected and as recently as three days before his interview with NBC’s Welker.
When asked whether he would defend Taiwan if China invades the island nation-state, Trump said that while he prefers China not to do it, he refused to say whether he would have the U.S. intervene, noting that he has to “negotiate things.”
During his recent call with President Xi, Trump said that the topic of Taiwan “didn’t come up.”
The U.S. president-elect also spoke about Russia’s role in the Syrian conflict.
Following a 13-year civil war, Syrian rebels took control of the capital city of Damascus on Sunday and said they had successfully ousted President Bashar al-Assad. There are reports that the plane Assad took out of the country is missing.
“Assad is gone. He has fled his country. His protector, Russia, Russia, Russia, led by Vladimir Putin, was not interested in protecting him any longer. There was no reason for Russia to be there in the first place. They lost all interest in Syria because of Ukraine,” Trump added on Truth Social.
Environment
Trump targets solar and wind with tighter federal permitting in another blow to renewable industry
Lucid Motors’ (LCID) shares soared over 50% after the company secured a multi-hundred-million dollar investment from Uber to deploy robotaxis. So, why did Lucid just announce plans for a reverse stock split?
Why did Lucid announce a reverse stock split?
Lucid and Uber announced a new alliance on Thursday to deploy 20,000 electric robotaxis over the next six years.
The new robotaxi service, set to launch next year, will combine Lucid’s advanced software-defined EV platform with Nuro’s Level 4 self-driving tech.
As part of the new alliance, Uber plans to make “multi-hundred-million-dollar investments” in Lucid and Nuro. The first autonomous prototype is already in operation on a closed track at Nuro’s facility in Las Vegas.
Lucid’s interim CEO, Marc Winterhoff, said, “This investment from Uber further validates Lucid’s fully redundant zonal architecture and highly capable platform as ideal for autonomous vehicles.” Winteroff claimed that the new alliance “is the start of our path to extend our innovation and technology leadership into this multi-trillion-dollar market.”
The Lucid Gravity boasts an impressive EPA-estimated range of 450 miles. Its electric sedan, the Lucid Air, just broke a Guinness World Record after traveling 749 miles (1,205 km) on a single charge.
Lucid’s partnership with Uber sent share prices surging over 50% during trading hours on Thursday. In a separate filing with the SEC today, Lucid announced plans to initiate a 1-for-10 reverse stock split.
The split won’t affect shareholder ownership, except in cases where fractional shares are created. In that case, shareholders will receive a cash payment.
Lucid said it believes the reverse stock split “will allow the company’s common stock to be more attractive to a broader range of investors and other market participants.”
A vote of confidence
During an interview with Bloomberg on Thursday, Winterhoff explained that a portion of the $300 million investment from Uber will be used to develop the self-driving tech with Nuro. Winterhoff added that Lucid’s surging share price was “a vote of confidence.”
According to Winterhoff, the reverse stock split is not due to Lucid’s fear of being delisted, but rather to attract larger investors.
It was also more of a “technical” strategy to reduce volatility and help Lucid participate in the broader stock market.
Many institutional investors avoid stocks priced below $5 due to the higher risk and price swings. The proposed stock split still requires shareholder approval, which will be voted on at an upcoming special stockholders’ meeting.
After that, Lucid’s Board of Directors will determine whether it’s still in the best interest of the company and its stockholders to proceed.
Lucid’s stock rose over 36% on Thursday, closing at $3.12 per share. Although shares of LCID are up just slightly (+2%), they are now up year-to-date. However, they are still down 18% over the past year and nearly 95% from their all-time high of over $58 a share in February 2021.
Last week, after meeting with Lucid’s CFO, Taoufiq Boussaid, Benchmark analyst Mickey Legg set a target share price of $5.00, which was subsequently raised to $7.00 following the announcement of the Uber partnership.
Legg wrote a note to investors, “After meeting with LCID’s CFO Taoufiq Boussaid on Tuesday and reviewing 2Q production and deliveries, we remain confident in the company’s path to scale.”
Lucid delivered a record 3,309 vehicles in Q2, its seventh straight quarter with higher deliveries. The company aims to produce 20,000 vehicles this year, more than double the roughly 9,000 it made in 2024.
After ending the first quarter with $5.76 billion in liquidity, Lucid said that it has sufficient funding to last until the second half of 2026, when it plans to launch its more affordable midsize EV platform. The first two models will be a midsize SUV and sedan, starting at about $50,000.
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IONNA, the EV charging joint venture backed by eight automakers – BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, Stellantis, and Toyota – just announced its biggest charging deal yet. It’s teaming up with convenience store favorite Wawa to roll out ultra-fast EV chargers at locations across the US.
The first site opens next week at Wawa’s W. International Speedway in Daytona Beach, Florida. More Rechargeries (yup, that’s what IONNA calls them) are already under construction in Bradenton, Pensacola, and Orlando. The partnership will be a big boost to both IONNA’s national charging goals and Wawa’s growing EV infrastructure.
The Daytona Beach Wawa will feature IONNA’s blue-and-orange 400kW Genuine Charge Dispensers, canopy coverage, car care essentials, and, of course, access to Wawa’s refreshments and restrooms.
“Next week’s opening of the IONNA Rechargery at Wawa in Daytona Beach will bring our total bay count to 212 live and 3,064 contracted. That is over 10% contracted to our 2030 live bay goal in just over a year,” said IONNA CEO Seth Cutler.
Wawa’s chief fuel officer, Rich Makin, added, “With an ongoing commitment to providing our customers with speed and convenience, our new collaboration with IONNA does just that.”
IONNA aims to install 30,000 fast charging bays across North America by 2030.
Read more: Waffle House is getting DC fast chargers – and it’s a genius move
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