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The US House of Representatives passed the $1.9 trillion “Build Back Better” legislation early this morning, following a lengthy session that included a record-setting speech from House Minority Leader Kevin McCarthy. The Build Back Better bill, which includes robust changes to federal tax credits for EVs, will now face the Senate, where two vital Democrats have already shared that they are undecided on their vote.

The whirlwind ride that is the Build Back Better Act rolls on, following its passage through the House this morning. Dems cheered House Majority Leader Nancy Pelosi as the vote surpassed 218, enough to ensure passage from the initial half of Congress.

The final vote narrowly landed at 220-213. Its passage represents a prudent victory for the Biden administration, as it looks to get the second and larger portion of its long-touted climate change legislation into law.

A couple of weeks ago, following Congress’ passage of the $1.2 trillion infrastructure bill, we reported that the Build Back Better Act has been folded into the larger legislation and faced concern from Moderates in the House demanding an analysis from the Congressional Budget Office (CBO).

Today’s vote came off the heels of the released CBO score, estimating the bill would increase the national deficit by $367 billion between 2022-2031. Meanwhile, the White House anticipated this sort of score, and tried to get an early jump on it by speaking with Moderate House Dems.

According to CNN, The Biden administration is pointing out that the US Treasury estimates that tighter IRS enforcement would increase national revenues by up to $400 billion, and the Build Back Better bill could essentially pay for itself.

Time will tell how much deficit (if any) the $1.9 trillion bill brings, but it will first need to face a Senate that is already speaking about changes.

Build Back Better Act and EV tax credit proceeds to US Senate

Nice work by the House, but now it’s the Senate’s turn, and it will take some convincing (and some inevitable changes) to get the Build Back Better Act into law.

Senate Majority Leader Chuck Schumer said he wants to achieve passage before Christmas. The Senate better get moving as the bill will surely require negotiations, even amongst Democratic Senators.

Santa’s #1 coal supplier, West Virginia Senator Joe Manchin, has yet to give his support, and is joined by Senator Kyrsten Sinema who is also undecided. Vermont Independent and Elon Musk fixation Senator Bernie Sanders has also expressed that he’d like to see changes to the bill before passage, focusing particularly on fair share taxes for the ultra-wealthy.

Dems still hold a narrow majority with the Independent Senator caucuses, but if just one Democratic Senator defects, it could derail the Build Back Better bill’s passage, at least before the new year.

Any changes proposed and passed by the Senate will send the legislation back to the House for a final vote, before the President signs it into law.

A lot rides on this bill pertaining to health care, tax credits for children, and revamped tax credits for EV automakers. Here are the current terms of the Build Back Better Act that pertain to the EV market.

There has been much debate about the additional $4,500 for local manufacturing and union labor, so expect that to be a topic thoroughly discussed in the Senate.

Note, these terms have not been passed into law and most certainly could change.

  • Federal tax credit for EVs jumps from $7,500 to $12,500
    • Keep the $7,500 incentive for new electric cars for five years
    • Add an additional $4,500 for EVs assembled in the US using union labor
    • Another $500 for EVs using battery packs with 50% of components (including cells) made in the US
  • Zero-emission vans, SUVs, and trucks with MSRPs up to $80,000 qualify (increased from previous policy)
  • Electric sedans priced up to $55,000 MSRP qualify (stays the same)
  • The full EV tax credit will be available to individuals reporting adjusted gross incomes of $250,000 or less, $500,000 for joint filers (decreased from $400,000 for individuals/$800,000 for joint filers currently in place)
  • EVs must be made in the US starting in 2027 to qualify for any of the $12,500 credit
  • Eliminates tax credit cap after automakers hit 200,000 EVs sold, making GM and Tesla once again eligible

.


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Prosecutors give closing arguments in Sean ‘Diddy’ Combs trial

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Prosecutors give closing arguments in Sean 'Diddy' Combs trial

Sean “Diddy” Combs led a criminal enterprise for two decades, using “power, violence and fear” to carry out brutal crimes, believing his “fame, wealth and power” put him above the law, a prosecutor has told his trial.

Christy Slavik spoke for nearly five hours, as she presented the prosecution’s closing arguments after more than six weeks of testimony and 34 witnesses.

Prosecutor Christy Slavik pictured outside court earlier this week. Pic: AP
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Prosecutor Christy Slavik pictured outside court earlier this week. Pic: AP

She began by describing the 55-year-old music mogul, telling the court: “He’s the leader of a criminal enterprise. He doesn’t take ‘no’ for an answer. And now you know about many crimes he committed with members of his enterprise.”

She said charges of sex trafficking and racketeering conspiracy were supported by proof that over two decades, Combs kidnapped one of his employees, committed arson by trying to blow up fellow rapper Kid Cudi’s car, engaged in forced labour, bribed a security officer and carried out the “brutal crimes at the heart of this case.”

Diddy trial: As it happened

Ms Slavik said Combs “again and again forced, threatened and manipulated” his former girlfriend, Cassie Ventura and an ex-girlfriend who testified under the pseudonym Jane into drugged-up, elaborate sexual performances, dubbed “freak offs” or “hotel” or “king nights”.

“The defendant used power, violence and fear to get what he wanted,” she said. “He thought that his fame, wealth and power put him above the law.”

Combs is charged with one count of racketeering conspiracy, two charges of sex trafficking, and two charges of transportation to engage in prostitution.

He has pleaded not guilty to all charges and has strenuously denied all allegations of sexual abuse.

Read more:
Everything you need to know about the trial
The rise and fall of Sean ‘Diddy’ Combs
What we learned from Cassie’s testimony

Ms Slavik said Combs used a “small army” of employees – his trusted inner circle of staff including bodyguards and assistants – to “serve his needs,” covering up his harm to women in the process.

Homing in on the racketeering charge against him, she said, while Combs was already “very powerful”, he became even more so with the support of his business.

US Attorney Christy Slavik. Pic: Reuters
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US Attorney Christy Slavik. Pic: Reuters/Jane Rosenberg

She said Combs and his inner circle “committed hundreds of racketeering acts,” including drug distribution, kidnapping, arson and witness tampering.

They listed drugs such as cocaine, meth, ketamine, Oxycodone and MDMA, that Combs’s assistants said they procured for him, or that federal agents said they found during raids of his multiple homes.

During parts of the evidence, Combs looked dejected, sitting with his head down, and with his chair pushed back from the defence table. At one point, when video footage of Combs appearing to beat Cassie at the InterContinental Hotel was shown to the court, he looked away.

Combs has been in a New York jail since his arrest in September last year. If convicted on all counts, he could face a minimum 15-year prison term and could be sentenced to life behind bars.

The 12-member jury must be unanimous to convict Combs on any of the counts.

Defence lawyers have conceded that Combs was involved in domestic violence but say he committed no federal crimes.

They say the women took part in the “freak offs” willingly and that there was no racketeering conspiracy because none of his employees agreed to be part of any conspiracy. They say the drugs procured were for his own personal use.

But in her closing argument, Ms Slavik said employees repeatedly agreed to commit crimes for Combs, such as delivering him drugs, accompanying him to kidnap his personal assistant, Capricorn Clark, and locking his girlfriend in a hotel room after he stomped on her face.

In her conclusion, she said proof of Combs’s guilt had been demonstrated, adding: “Before today, he was able to get away with it due to his money, power and influence, but that stops now…

“It is time to hold him accountable, it is time for justice, and it’s time to find him guilty.”

On Friday, Combs’s lead attorney Marc Agnifilo will give his closing argument, followed by the government’s rebuttal.

Judge Arun Subramanian says he will instruct the jury on the law later that day, allowing them to begin deliberating as early as late afternoon.

The trial continues.

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Jeff Bezos’s Venice wedding celebrations begin with star-studded party after fresh protests

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Jeff Bezos's Venice wedding celebrations begin with star-studded party after fresh protests

Jeff Bezos and Lauren Sanchez’s star-studded wedding celebrations in Venice have begun, with VIP guests including the Kardashians descending on the Italian city.

The billionaire Amazon founder and his journalist fiancee waved to onlookers as they left a luxury hotel to travel to their pre-wedding reception by water taxi on Thursday evening.

Hollywood star Orlando Bloom was seen flashing a peace sign to fans as he left Venice’s Gritti Palace Hotel and he was soon followed by TV presenter Oprah Winfrey, who smiled and waved.

Orlando Bloom gestures as he leaves Gritti Palace Hotel, ahead of the wedding of Amazon founder Jeff Bezos and journalist Pic: Reuters
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Orlando Bloom donning all white. Pic: Reuters

Oprah Winfrey gestures near Gritti Palace Hotel, ahead of the wedding of Amazon founder Jeff Bezos and Lauren Sanchez in Venice, Reuters
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Oprah Winfrey is one of the 200-250 guests. Pic: Reuters

Kim and Khloe Kardashian travelled to the reception with their mother Kris Jenner – who snapped a picture of the pair on a water taxi – and other notable figures in town for the nuptials include Ivanka Trump and Jared Kushner.

Some 200-250 A-list guests from showbusiness, politics and finance are expected to attend the events, with the wedding and its parts estimated to cost €40m-€48m (£34m-£41m).

Bezos, his soon-to-be wife and their famous guests have taken over numerous locations in the city, with the couple staying in the luxury Aman hotel, where rooms go for at least €4,000 per night.

Kris Jenner takes a picture of Khloe Kardashian and Kim Kardashian on a boat, ahead of the wedding of Amazon founder Jeff Bezos REUTERS
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Kris Jenner snaps a photo of Khloe and Kim Kardashian. Pic: Reuters

Jeff Bezos, center left, and Lauren Sanchez, center right, leave a hotel for their pre wedding reception, in Venice, Italy, Thursday, June 26, 2025. (AP Photo/Luca Bruno)
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The bride and groom leaving their hotel. Pic: AP

The first of the weekend’s many wedding parties is taking place in the cloisters of Madonna dell’Orto, a medieval church that hosts masterpieces by 16th century painter Tintoretto.

While the couple and their A-list guests were all smiles, some in Venice are not happy about the wedding – with protesters seeing it as an example of the city being gift-wrapped for ultra-rich outsiders.

Read more: Why are activists protesting the wedding?

An activist from Extinction Rebellion unfolds a banner in front of St. Mark's Basilica in Venice, Italy, on Thursday, June 26, 2025,
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An activist from Extinction Rebellion unfolds a banner in front of St Mark’s Basilica. Pic: AP

An activist climbed one of the poles in the main St Mark’s Square on Thursday, unfurling a banner which said: “The 1% ruins the world.”

Elsewhere, a life-size mannequin of Bezos clutching an Amazon box was dropped into one of the city’s famous canals.

Jeff Bezos and Lauren Sanchez’s wedding in numbers

€48m price tag

The wedding and its parts are expected to cost €40m-€48m (£34-£41m), Luca Zaia, the president of Venice’s local government, said on Tuesday.

This includes sizeable charity donations from the Amazon founder, including €1m (£850k) to Corila, a consortium that studies Venice’s lagoon ecosystem, local media has reported.

90 private jets

The first private jets began landing at Venice airport on Tuesday and there will be around 90 in total, Mr Zaia said.

They’re not all arriving in Venice though, as some have landed at the nearby Treviso and Verona airports.

250 guests

Five of the city’s most luxurious hotels have been booked out to host an estimated 200-250 guests.

These include the celeb favourite Cipriani, where George and Amal Clooney married in 2014.

30 water taxis

Attendees of course aren’t hopping on public water buses to get around the city’s many islands.

The wedding’s organisers have booked at least 30 water taxis for them to use instead.

In a bid to keep demonstrators away from Thursday’s party, the city council banned pedestrians and water traffic from the area surrounding the venue, from 4.30pm local time to midnight.

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Bezos wedding protests explained

The couple will exchange their vows on Friday, on the small island of San Giorgio, opposite St Mark’s Square.

Another party will follow on Saturday – the venue for which was changed at the last-minute earlier this week.

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Denis Villeneuve: Director of next James Bond film announced – and says he’s a ‘diehard 007 fan’

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Denis Villeneuve: Director of next James Bond film announced  - and says he's a 'diehard 007 fan'

The director of the next James Bond film has been announced.

Denis Villeneuve – a four-time Academy Award nominee who earned critical acclaim for the Dune Franchise and Blade Runner 2049 – said the role is a “massive responsibility”.

The Canadian filmmaker described himself as a “diehard” fan since childhood, adding that it is a “huge honour” to come on board.

“Some of my earliest movie-going memories are connected to 007. I grew up watching James Bond films with my father, ever since Dr No with Sean Connery,” Villeneuve said.

Sean Connery as James Bond in From Russia With Love. Pic: The Legacy Collection/THA/Shutterstock 1963
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Sean Connery as James Bond. Pic: The Legacy Collection/THA/Shutterstock 1963

Reassuring fans, the director continued: “To me, he’s sacred territory. I intend to honour the tradition and open the path for many new missions to come.”

His appointment comes as the British spy franchise experiences a major overhaul, with Barbara Broccoli and Michael G Wilson handing over creative control to Amazon MGM Studios.

Daniel Craig as James Bond in.Spectre.
Pic:Credit: Photo by /Columbia/Eon/Shutterstock
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Daniel Craig as James Bond in Spectre. Pic: Columbia/Eon/Shutterstock

The Broccoli family have long been the force behind the Bond films, and now co-own the intellectual property.

More on Denis Villeneuve

Two recently appointed producers – Spider-Man’s Amy Pascal and Harry Potter’s David Heyman – said securing a director and developing a screenplay were top priorities before deciding who would succeed Daniel Craig in the role.

Read more entertainment news:
After Amazon takeover, what happens to James Bond?
Richard E Grant goes on ’emotional’ Gavin And Stacey tour
‘A gold rush’: What’s driving the boom in immersive events?

Denis Villeneuve. Pic: Reuters
Image:
Denis Villeneuve. Pic: Reuters

The head of Amazon MGM Studios, Mike Hopkins, described Villeneuve as a “cinematic master whose filmography speaks for itself”.

He added: “Denis has delivered compelling worlds, dynamic visuals, complex characters, and – most importantly – the immersive storytelling that global audiences yearn to experience in theatres.

“James Bond is in the hands of one of today’s greatest filmmakers and we cannot wait to get started on 007’s next adventure.”

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