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Federal judge orders Elon Musk, DOGE to reveal plans to downsize government, identify all employees

An Obama-appointed federal judge ordered Elon Musk and the Department of Government Efficiency (DOGE) to reveal its plans to downsize the government and to identify all its employees, among other actions. 

The directives from U.S. District Judge Tanya Chutkan come as 14 Democratic state attorneys general are suing President Donald Trump, Musk and DOGE, arguing that Musk is unconstitutionally wielding power, according to Politico. Chutkan gave Musk and DOGE three weeks to produce the information, which ultimately will help her decide whether to block DOGE’s operations altogether, it added. 

The ruling issued Wednesday requires Musk and DOGE to, among other directives: 

  • Produce all DOGE and DOGE Temporary Organization planning, implementation, and operational documents concerning: (1) eliminating or reducing the size of federal agencies; (2) terminating employment of federal employees or placing such employees on leave, or (3) cancelling, freezing, or pausing federal contracts, grants, or other federal funding.
  • Produce all DOGE and DOGE Temporary Organization planning, implementation, and operational documents regarding obtaining access, using, or making changes to federal databases or data management systems.
  • Identify every individual serving as DOGE personnel.  For each person, identify (1) their title; (2) whether they are part of a DOGE Team at an agency, and if so, what agency; (3) all individuals to whom they directly report; and (4) who hired them.
  • Produce all documents containing lists, charts, or summaries that DOGE personnel or Musk have created, compiled, or edited reflecting the planned or completed cancellation of federal contracts, grants, or other legal agreements.

READ THE X BELOW. APP USERS: CLICK HERE

The directives also call for admissions that ‘Elon Musk has directed actions of DOGE personnel’ and that ‘Elon Musk is not supervised by any Officer of the United States other than the President of the United States.’ 

The White House did not immediately respond Thursday to a request for comment by Fox News Digital. 

‘The burden to Defendants is minimized by the narrow time period for responsive materials, the exclusion of electronic communications, explicitly exempting President Trump from the requests, extending Defendants’ time to respond, and denying Plaintiffs’ request to notice depositions,’ Chutkan said in her decision. 

‘Plantiffs’ Discovery Requests shall be limited to information and materials regarding agencies, employees, contracts, grants, federal funding, legal agreements, databases, or data management systems that involve or engage with Plaintiff States; including entities and institutions operated or funded by Plaintiff States,’ she added.

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Senate Republicans coin ‘Schumer shutdown’ ahead of critical vote on Trump spending bill

Republicans are ramping up pressure on Senate Democrats ahead of a vote on the House-passed stopgap spending bill to keep the government open, even dubbing a potential funding lapse as a ‘Schumer shutdown.’

‘If they want to shut it down, it’s on them,’ Sen. Markwayne Mullin, R-Okla., told reporters. ‘That’ll be a Schumer shutdown.’

Majority Whip John Barrasso, R-Wyo., recently stressed this point in an op-ed for Fox News, writing, ‘If there is a shutdown, it will be driven by and directed by the Democrats.’

Earlier in the week, House Republicans passed a short-term spending bill, called a continuing resolution (CR), which would keep spending levels the same as fiscal year 2024 until Oct. 1. If a spending bill is not passed by Friday, the government will enter into a partial shutdown.

Senate Minority Leader Chuck Schumer, D-N.Y., took to the chamber floor on Wednesday and said, ‘Republicans do not have the votes in the Senate to invoke cloture on the House CR,’ which he slammed for being a ‘partisan path’ to funding the government. 

The resolution would notably keep spending levels as they were when former President Joe Biden was in office. 

Instead, Schumer said Senate Democrats were interested in passing a ‘clean’ monthlong stopgap bill. 

This was echoed by Sen. Mark Kelly, D-Ariz., who said Wednesday, ‘Those votes exist on a 30-day CR, without a doubt.’

‘If the Republicans would bring it to the floor,’ he added. 

But Republicans have made it clear they want to move forward with the House-passed bill.

‘The thing that bugs me about this is, keep in mind, this same CR was voted for with these spending levels [in] September and December. So what’s the difference now?’ Mullin said.

‘These same employees that they’ve been fighting for supposedly, now they’re going to yield literally all the authority to the White House because the White House is going to be able to deem them essential and non-essential,’ he said. 

Mullin said Schumer refused to bring 11 of 12 appropriations bills to the Senate floor for votes in the last Congress, despite them having been advanced out of committee. The senator further faulted Democrats for not engaging in negotiations on a spending deal until the last minute. He said Senate Appropriations Committee ranking member Patty Murray, D-Wash., only recently came to the table to discuss it with Chair Susan Collins, R-Maine.

A spokesperson for Murray told Fox News Digital in a statement, ‘For months, Senator Murray has remained at the table ready to negotiate and pass bipartisan funding bills—and she stands ready to work with the Senate Republican majority to immediately pass a short-term stopgap to prevent a shutdown. In fact, she and her Democratic colleagues pressed to get government funding done in December—but Speaker Johnson chose to kick the can down the road and walk away from bipartisan talks.’

A representative for Schumer did not provide comment in time for publication. 

Sen. Marsha Blackburn, R-Tenn., sounded off on the potential funding lapse, saying, ‘We all know the Democrats want a shutdown.’ 

‘The American people agree with reducing federal spending, getting this country back on the right track. And the Democrats are so opposed to it, they’re willing to push to a shutdown. It’s all on them,’ she told reporters. 

Sen. Bill Hagerty, R-Tenn., said in a statement, ‘Republicans are doing the right thing for the American people by making sure our government stays open.’

However, ‘Democrats are sacrificing the good of hardworking Americans on the altar of their hatred for Donald Trump. They should reverse course and join Republicans in keeping the lights on in the federal government. Enough with the political games.’

Votes on beginning the process to consider the stopgap bill are expected to occur on Thursday, depending on whether Republicans and Democrats come to an agreement to skip lengthy procedural votes that are routine for most votes. 

This post appeared first on FOX NEWS

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FDA chief counsel who defended abortion pill under Biden resigns 2 days into job

The Food and Drug Administration’s (FDA) top lawyer, who was appointed to the position just this week, has resigned, according to a Thursday morning post on X.

‘Hilary K. Perkins has resigned from her position as Chief Counsel of FDA, effectively immediately,’ the FDA’s official X account posted.  

Perkins – a former assistant director under Biden’s Department of Justice (DOJ) in the consumer protection agency – was selected on Tuesday by acting general Sean Keveney in the Department of Health and Human Services (HHS) as part of a ‘reorganization’ effort by the department, according to an HHS news release.

She previously defended abortion pill access in a high-profile case under Biden’s DOJ, and HHS officials were reportedly unhappy with the decision to appoint Perkins but were overruled by White House officials, according to a report from Axios this week.

‘We’ve been able to recruit higher quality personnel to HHS than in any time in its history,’ HHS Secretary Robert F. Kennedy, Jr., said in a statement Tuesday at the announcement of Perkins’ assignment on Tuesday. ‘These are individuals who will return the agency to gold-standard science, evidence-based medicine, and recalibrate its trajectory toward public health rather than industry profiteering.’

Fox News Digital has reached out to the HHS and FDA for comment.

This is a breaking story, check back for updates.

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Lawsuit tracker: New resistance battling Trump’s second term through onslaught of lawsuits taking aim at EOs

Dozens of activist and legal groups, elected officials, local jurisdictions and individuals have launched more than 100 lawsuits against the Trump administration since Jan. 20 in response to his more than 80 executive orders, as well as executive proclamations and memos, Fox News Digital found. 

Trump has long been a legal target, which hit a fever pitch during the 2024 election cycle when Trump faced four criminal indictments, including a criminal trial in Manhattan in the spring of 2024 when he was found guilty on 34 counts of falsifying business records. 

Trump has maintained his innocence in the four cases, pointing to them as evidence of lawfare at the hands of Democrats working against his political efforts. 

Upon Trump’s election win in November 2024, state attorneys general, such as New York Attorney General Letitia James, publicly said they would ready legal battles against the Trump administration for actions they view as illegal or negatively impact residents. 

‘We faced this challenge before, and we used the rule of law to fight back,’ James, who repeatedly has leveled suits against Trump, said following his win. ‘And we are prepared to fight back once again because, as the attorney general of this great state, it is my job to protect and defend the rights of New Yorkers and the rule of law. And I will not shrink from that responsibility.’

Just weeks back in the Oval Office, Trump’s administration has been hit with at least 115 lawsuits working to resist his policies. 

Fox News Digital compiled a list of the groups, state attorneys general, cities or states, and individuals who have launched lawsuits against the Trump administration’s executive actions. The list includes the various groups and individuals challenging the Trump administration in court, as well as the executive order or proclamation that sparked the suit. 

  1. Jan. 20, 2025: New Hampshire Indonesian Community Support; League of United Latin American Citizens; Make the Road New York (Executive Order: Protecting the Meaning and Value of American Citizenship)
  2. Jan. 20, 2025: O. Doe; Brazilian Worker Center, Inc.; La Colaborativa (Executive Order: Protecting the Meaning and Value of American Citizenship)
  3. Jan. 20, 2025: Center for Biological Diversity (Establishing and Implementing the President’s ‘Department of Government Efficiency’)
  4. Jan. 22, 2025: Make the Road New York (Executive Order: Protecting the American People Against Invasion)
  5. Jan. 20, 2025: National Treasury Employees Union (Executive Order: Restoring Accountability to Policy-Influencing Positions Within the Federal Workforce)
  6. Jan. 20, 2025: National Security Counselors, Inc. (Executive Order: Establishing and Implementing the President’s ‘Department of Government Efficiency)
  7. Jan. 20, 2025: American Public Health Association; American Federation of Teachers; Minority Veterans of America; VoteVets Action Fund; The Center for Auto Safety, Inc.; Citizens for Responsibility and Ethics in Washington (Executive Order: Establishing and Implementing the President’s ‘Department of Government Efficiency’)
  8. Jan. 20, 2025: Le v. Trump (Executive Order: Protecting the Meaning and Value of American Citizenship)
  9. Jan. 21, 2025: State of New Jersey; Commonwealth of Massachusetts; State of California; State of Colorado; State of Connecticut; State of Delaware; District of Columbia; State of Hawai’i; State of Maine; State of Maryland; Attorney General Dana Nessel for the People of Michigan; State of Minnesota; State of Nevada; State of New Mexico; State of New York; State of North Carolina; State of Rhode Island; State of Vermont; State of Wisconsin; City and County of San Francisco (Executive Order: Protecting the Meaning and Value of American Citizenship)
  10. Jan. 21, 2025: CASA, Inc; Asylum Seeker Advocacy Project (​​Executive Order: Protecting the Meaning and Value of American Citizenship)
  11. Jan. 21, 2025: State of Washington; State of Arizona; State of Illinois; State of Oregon (Executive Order: ​​Protecting the Meaning and Value of American Citizenship)
  12. Jan. 21. 2025: Delmy Franco Aleman, Cherly Norales Castillo, and Alicia Chavarria Lopez(Executive Order: Protecting the Meaning and Value of American Citizenship)
  13. Jan. 23, 2025: Las Americas Immigrant Advocacy Center (Executive Order: Securing Our Borders)
  14. Jan. 25, 2025: Organized Communities Against Deportation; Brighton Park Neighborhood Council; Illinois Coalition for Immigrant and Refugee Rights; Raise the Floor Alliance (Executive Order: Protecting the American People Against Invasion)
  15. Jan. 26, 2025: Maria Moe, transgender federal inmate (Executive Order: Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government)
  16. Jan. 27, 2025: Jane Does 1-2 (Executive action on the solicitation of information from career employees)
  17. Jan. 27, 2025: Philadelphia Yearly Meeting of the Religious Society of Friends, New England Yearly Meeting of the Religious Society of Friends, Baltimore Yearly Meeting of the Religious Society of Friends, Inc., Adelphi Friends Meeting of the Religious Society of Friends, Richmond Friends Meeting of the Religious Society of Friends (Executive action related to ​​immigration enforcement in places of worship)
  18. Jan. 28, 2025: Public Employees for Environmental Responsibility (Executive Order: Restoring Accountability to Policy-Influencing Positions Within the Federal Workforce)
  19. Jan. 28, 2025: Public Citizen, Inc.; State Democracy Defenders Fund; American Federation of Government Employees (Executive Order: Establishing and Implementing the President’s ‘Department of Government Efficiency)
  20. Jan. 28, 2025: State of New York; State of California; State of Illinois; State of Rhode Island; State of New Jersey; Commonwealth of Massachusetts; State of Arizona; State of Colorado; State of Connecticut; State of Delaware; The District of Columbia; State of Hawai’i; State of Main; State of Maryland; State of Michigan; State of Minnesota; State of Nevada; State of North Carolina; State of New Mexico; State of Oregon; State of Vermont; State of Washington; State of Wisconsin (Executive action related to the temporary pause of grants, loans and assistance programs)
  21. Jan. 28, 2025: National Council of Nonprofits, American Public Health Association, Main Street Alliance, SAGE (Executive action related to the temporary pause of grants, loans and assistance programs)
  22. Jan. 28, 2025: Nicolas Talbott, Erica Vandal, Kate Cole, Gordon Herrero, Dany Danridge, Jamie Hash, Koda Nature, and Cael Neary, transgender U.S. military members or those seeking to enlist (Executive Order: Prioritizing Military Excellence and Readiness)
  23. Jan. 29, 2025: American Federation of Government Employees, AFL-CIO (‘AFGE’); American Federation Of State, County And Municipal Employees, AFL-CIO (‘AFSCME’) (Executive Order: Restoring Accountability to Policy-Influencing Positions Within the Federal Workforce)
  24. Jan. 30, 2025: OCA – Asian Pacific American Advocates (Executive Order: ​​Protecting the Meaning and Value of American Citizenship)
  25. Jan. 30, 2025: County of Santa Clara (Executive Order: Protecting the Meaning and Value of American Citizenship)
  26. Jan. 30, 2025: Jane Doe; Mary Doe; Sara Doe, transgender federal inmates (Executive Order: Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government)
  27. Jan. 31, 2025: Amica Center for Immigrant Rights, American Gateways, Florence Immigrant Refugee Rights Project, Estrella Del Paso, Immigration Services and Legal Advocacy, National Immigrant Justice Center, NW Immigrant Rights Project, PA Immigration Resource Center, Rocky Mountain Immigrant Advocacy Center (Executive Order: Protecting the American People Against Invasion)
  28. Feb. 3, 2025: Refugee and Immigrant Center for Education and Legal Services (Presidential Proclamation Guaranteeing the States Protection Against Invasion)
  29. Feb. 3, 2025: Alliance for Retired Americans, American Federation of Government Employees, AFL-CIO, Service Employees International Union, AFL-CIO (Executive Action related to disclosure of personal and financial records to DOGE)
  30. Feb. 3, 2025: National Association of Diversity Officers in Higher Education; American Association of University Professors; Restaurant Opportunities Centers United; Mayor and City Council of Baltimore, Maryland (Executive Orders: Ending Radical and Wasteful Government DEI Programs and Preferencing and Ending Illegal Discrimination and Restoring Merit-Based Opportunity)
  31. Feb. 4, 2025: PFLAG, Inc and American Association of Physicians for Human Rights, Inc. (Executive Orders: Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government and Protecting Children From Chemical and Surgical Mutilation)
  32. Feb. 4, 2025: John and Jane Doe 1-9, employees and agents of the FBI (Executive Order: Ending the Weaponization of the Federal Government)
  33. Feb. 4, 2025; Doctors for America (Executive order: Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government)
  34. Feb. 4, 2025: Federal Bureau of Investigation Agents Association; seven John and Jane Doe plaintiffs (Executive Order: Ending the Weaponization of the Federal Government)
  35. Feb. 4, 2025: Aids Vaccine Advocacy Coalition; Journalism Development Network, Inc (Executive Order: Reevaluating and Realigning United States Foreign Aid)
  36. Feb. 5, 2025: American Federation of Labor and Congress of Industrial Organizations, American Federation of Government Employees, AFLCIO, American Federation of State, County and Municipal Employees, AFL-CIO, Service Employees International Union, AFL-CIO, Communication Workers of America, AFL-CIO, Economic Policy Institute (Executive Action related to disclosure of personal and financial records to DOGE)
  37. Feb. 5, 2025: Gwynne Wilcox, former National Labor Relations Board member (Executive action related to removal of independent agency leaders)
  38. Feb. 6, 2025: Government Accountability Project and National Active and Retired Federal Employees Association (Executive Order: Restoring Accountability to Policy-Influencing Positions Within the Federal Workforce)
  39. Feb. 6, 2025: American Foreign Service Association, American Federation of Government Employees (Executive order: Reevaluating and Realigning United States Foreign Aid)
  40. Feb. 6, 2025: Commander Emily Shilling; Commander Blake Dremann; Lieutenant Commander Geirid Morgan; Sergeant First Class Cathrine Schmid; Sergeant First Class Jane Doe; Staff Sergeant Videl Leins; Matthew Medina; and Gender Justice League (Executive Order: Prioritizing Military Excellence and Readiness)
  41. Feb. 7, 2025: City and County of San Francisco (Executive Order: Protecting the American People Against Invasion)
  42. Feb. 7, 2025: State of New York; State of Arizona, State of California, State of Colorado, State of Connecticut, State of Delaware, State of Hawaii, State of Illinois, State of Maine, State of Maryland, Commonwealth of Massachusetts, State of Minnesota, State of Nevada, State of New Jersey, State of North Carolina, State of Oregon, State of Rhode Island, State of Vermont, and State of Wisconsin (Executive Action related to disclosure of personal and financial records to DOGE)
  43. Feb. 7, 2025: University of California Student Association (Executive Action related to disclosure of personal and financial records to DOGE)
  44. Feb. 7, 2025: State of Washington, State of Minnesota, State of Oregon, Physician 1, Physician 2, and Physician 3 (Executive Orders: Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government and Protecting Children From Chemical and Surgical Mutilation)
  45. Feb. 7, 2025: Ashton Orr, Zaya Perysian, Sawyer Soe, Chastain Anderson, Drew Hall, Bella Boe, and Reid Solomon-Lan (Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government)
  46. Feb. 9, 2025: Luis Eduardo Perez Parra, Leonel Jose Rivas Gonzalez, Abraham Josue Barrios Morales, and M.R.R.Y (Presidential Memorandum: Expanding Migrant Operations Center at Naval Station Guantanamo Bay to Full Capacity)
  47. Feb. 9, 2025: National Treasury Employees Union (Executive Action related to disclosure of personal and financial records to DOGE)
  48. Feb. 9, 2025: National Treasury Employees Union (Executive action related to the dismantling of the Consumer Financial Protection Bureau)
  49. Feb. 10, 2025: HIAS, Church World Service, and Lutheran Community Services Northwest (​​Executive Order: Realigning the United States Refugee Admissions Program)
  50. Feb. 10, 2025: American Federation of Teachers, International Association of Machinists and Aerospace Workers, National Active and Retired Federal Employees Association, National Federation of Federal Employees (Executive Action related to disclosure of personal and financial records to DOGE)
  51. Feb. 10, 2025: Electronic Privacy Information Center (Executive Action related to disclosure of personal and financial records to DOGE)
  52. Feb. 10, 2025: Hampton Dellinger, special Counsel of the U.S. Office of Special Counsel (Executive action related to government employment termination)
  53. Feb. 10, 2025: Commonwealth of Massachusetts, Attorney General Dana Nessel on behalf of the people of the State of Michigan, State of Illinois, State of Arizona, State of California, State of Connecticut, State of Colorado, State of Delaware, State of Hawai’i, State of Maine, State of Maryland, State of Minnesota, State of New Jersey, State of New York, State of Nevada, State of New Mexico, State of North Carolina, State of Oregon, State of Rhode Island, State of Vermont, State of Washington, and State of Wisconsin (Executive Action related to the reduction in indirect cost reimbursement rate for research institutions, such as National Institutes of Health)
  54. Feb. 10, 2025: Association of American Universities, American Council on Education, Association of Public and Land-Grant Universities, Brandeis University, Brown University, the Regents of the University of California, the California Institute of Technology, Carnegie Mellon University, the University of Chicago, Cornell University, the George Washington University, Johns Hopkins University, Massachusetts Institute of Technology, Trustees of the University of Pennsylvania, University of Rochester, and Trustees of Tufts College (Executive Action related to the reduction in indirect cost reimbursement rate for research institutions, such as National Institutes of Health)
  55. Feb. 10, 2025: Association of American Medical Colleges; the American Association of Colleges of Pharmacy; the Association for Schools and Programs of Public Health; the Conference of Boston Teaching Hospitals, Inc.; and Greater New York Hospital Association (Executive Action related to the reduction in indirect cost reimbursement rate for research institutions, such as National Institutes of Health)
  56. Feb. 10, 2025: Jane Jones, transgender federal inmate (Executive Order: Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government)
  57. Feb. 11, 2025: American Federation of Government Employees, AFL-CIO. (Executive action related to Office of Personnel Management directive on deferred resignation offer to federal employees)
  58. ​​Feb. 11, 2025: Global Health Council; Small Business Association for International Companies; HIAS; Management Sciences for Health; Chemonics International, Inc; Dai Global, Llc; Democracy International, Inc; American Bar Association (Executive Order: Reevaluating and Realigning United States Foreign Aid)
  59. Feb. 11, 2025: Mennonite Church USA; the African Methodist Episcopal Zion Church; Central Atlantic Conference United Church of Christ; the Central Conference of American Rabbis; Christian Church (Disciples of Christ); Church of the Brethren, Inc; Convención Bautista Hispana De Texas; the Episcopal Church; Fellowship Southwest; Friends General Conference; General Assembly of the Presbyterian Church (U.s.a.); General Commission on Religion and Race of the United Methodist Church; Latino Christian National Network; Massachusetts Council of Churches; the New York Annual Conference of the United Methodist Church; New York State Council of Churches; North Carolina Council of Churches; the North Georgia Conference of the United Methodist Church; the Rabbinical Assembly; Reconstructing Judaism; Rhode Island State Council of Churches; Union for Reform Judaism; Unitarian Universalist Association; the United Synagogue of Conservative Judaism; the Western North Carolina Conference of the United Methodist Church; Wisconsin Council of Churches; Wisdom, Inc. (Executive action related to ​​immigration enforcement in places of worship)
  60. Feb. 11, 2025: Cathy Harris, chair of the Merit Systems Protection Board (Executive action related to removal of independent agency leaders) 
  61. Feb. 11, 2025: American Oversight (Executive Action related to the terminations of inspectors general)
  62. Feb. 11, 2025: Denise Nemeth-Greenleaf, Jason Judkins, Jon Michel, Donna Nemeth, and Michael Rifer, who are a group of federal employees (Executive Action related to disclosure of personal and financial records to DOGE)
  63. Feb. 12, 2025: Andrea Gribbon, Cherice Prater, Helga Hertlein, Donald Custer, Lynn Boisrond, Dennis Titko (Executive Action related to disclosure of personal and financial records to DOGE)
  64. Feb. 12, 2025: Mayor and City Council of Baltimore, Economic Action Maryland Fund (Executive action related to the dismantling of the Consumer Financial Protection Bureau)
  65. Feb. 12, 2025: Las Americas Immigrant Advocacy Center, Refugee and Immigrant Center for Education and Legal Services, American Gateways, Americans for Immigrant Justice  (Presidential Memorandum: Expanding Migrant Operations Center at Naval Station Guantanamo Bay to Full Capacity)
  66. Feb. 12, 2025: Robert P. Storch; Michael J. Missal; Christi A. Grimm; Cardell K. Richardson, Sr.; Sandra D. Bruce; Phyllis K. Fong; Larry D. Turner; Hannibal ‘Mike’ Ware, who served as inspectors general (Executive Action related to the terminations of inspectors general)
  67. Feb. 12, 2025: Denver Public Schools (Executive action related to ​​immigration enforcement in places of worship and schools)
  68. Feb. 12, 2025: Tirrell v. Edelblut (Executive Order: Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government)
  69. Feb. 13, 2025: J. Doe 1-26 (Executive Action related to disclosure of personal and financial records to DOGE)
  70. Feb. 13, 2025: Susan Tsui Grundmann (Executive action related to removal of independent agency leaders) 
  71. Feb. 13, 2025: States of New Mexico, Arizona, Michigan, California, Connecticut, Hawaii, Maryland, Minnesota, Nevada, Oregon, Rhode Island, Vermont and Washington (Executive Action related to disclosure of personal and financial records to DOGE)
  72. Feb. 13, 2025: Josh Shapiro, in his official capacity as governor of the Commonwealth of Pennsylvania; Pennsylvania Department of Environmental Protection; Pennsylvania Department of Conservation and Natural Resources; Pennsylvania Department of Transportation; and Pennsylvania Department of Community and Economic Development (Executive action related to the temporary pause of grants, loans and assistance programs)
  73. Feb. 13, 2025: New York Immigration Coalition (Executive Order: ​​Protecting the Meaning and Value of American Citizenship)
  74. Feb. 17, 2025: Center for Taxpayer Rights (Executive Action related to disclosure of personal and financial records to DOGE)
  75. Feb. 17, 2025: John Does 1-6 and Jane Does 1-5 v. Office of Director of National Intelligence (Executive Orders: Ending Radical and Wasteful Government DEI Programs and Preferencing and Ending Illegal Discrimination and Restoring Merit-Based Opportunity)
  76. Feb. 18, 2025: United States Conference of Catholic Bishops (​​Executive Order: Realigning the United States Refugee Admissions Program)
  77. Feb. 18. 2025: Personal Services Contractor Association (Executive Order: Reevaluating and Realigning United States Foreign Aid)
  78. Feb. 19, 2025: Metropolitan Transportation Authority and Triborough Bridge and Tunnel Authority (Executive action related to the Department of Transportation rescinding an authorization for New York’s congestion pricing plan)
  79. Feb. 19, 2025: National Urban League, National Fair Housing Alliance, Aids Foundation of Chicago (Executive Orders: Ending Radical and Wasteful Government DEI Programs and Preferencing, Ending Illegal Discrimination and Restoring Merit-Based Opportunity)
  80. Feb. 19, 2025: American Federation of Government Employees, AFL-CIO; American Federation of State County and Municipal Employees, AFL-CIO; AFGE Local 1216; and United Nurses Associations of California/union of Health Care Professionals, AFSCME, AFL-CIO (Executive action related to the termination of probationary employees within the federal government)
  81. Feb. 19, 2025: Northern Alaska Environmental Center, Alaska Wilderness League, Oceana, Inc., Sierra Club, Surfrider Foundation, Healthy Gulf, Center for Biological Diversity, Turtle Island Restoration Network, Natural Resources Defense Council, Inc., and Greenpeace, Inc. (Executive Order: Initial Rescissions of Harmful Executive Orders and Actions)
  82. Feb. 19, 2025: National TPS Alliance(Executive action related to DHS terminating Temporary Protected Status for Venezuela)
  83. Feb. 20, 2025: Casa, Inc., Make the Road New York (Executive action related to DHS terminating Temporary Protected Status for Venezuela)
  84. Feb. 20, 2025: San Francisco Aids Foundation; Gay Lesbian Bisexual Transgender Historical Society; Asian and Pacific Islander Wellness Center, Inc. D/b/a San Francisco Community Health Center; Los Angeles LGBT Center; Prisma Community Care; Lesbian and Gay Community Services Center, Inc. D/b/a the LGBT Community Center; Bradbury-Sullivan LGBT Community Center; Baltimore Safe Haven Corp.; and Forge, Inc. (Executive Orders: Ending Radical and Wasteful Government DEI Programs and Preferencing and Ending Illegal Discrimination and Restoring Merit-Based Opportunity)
  85. Feb. 20, 2025: Citizens for Responsibility and Ethics in Washington (Executive action related to records retention and DOGE)
  86. Feb. 21, 2025: American Federation of State, County and Municipal Employees, AFL-CIO, Alliance for Retired Americans American Federation of Teachers (Executive Action related to disclosure of personal and financial records to DOGE)
  87. Feb. 21, 2025: The City of New York (Executive action related to denying federal grants)
  88. Feb. 21, 2025: The Associated Press (Executive action related to denying media access to White House)
  89. Feb. 21, 2025: Project on Government Oversight, Inc.(Executive action related to records retention and DOGE)
  90. Feb. 23, 2025: City of Chelsea and City of Somerville (Executive Order: Protecting the American People Against Invasion)
  91. Feb. 24, 2025: Northeast Organic Farming Association of New York, Natural Resources Defense Council, and Environmental Working Group (Executive action related to the Department of Agriculture removing climate change-related data from website)
  92. Feb. 24, 2025: Travis Leblanc and Edward Felten (Executive action related to removal of independent agency leaders) 
  93. Feb. 25, 2025: American Federation of Teachers, American Sociological Association, American Federation of Teachers Maryland (Executive action related to the Department of Education Office for Civil Rights’ letter banning DEI-related programs)
  94. Feb. 26, 2025: Chicago Women in Trades (Executive Orders: Ending Radical and Wasteful Government DEI Programs and Preferencing and Ending Illegal Discrimination and Restoring Merit-Based Opportunity)
  95. Feb. 26, 2025: Democracy Forward Foundation (Executive action related to records retention and DOGE)
  96. Feb. 28, 2025: Democratic National Committee, DSCC, DCCC (Executive Order: Ensuring Accountability for All Agencies)
  97. Feb. 28, 2025: Democracy Forward Foundation (Executive action related to records retention and DOGE)
  98. March 1, 2025: Maiker Alejandro Espinoza Escalona (Presidential Memorandum: Expanding Migrant Operations Center at Naval Station Guantanamo Bay to Full Capacity)
  99. March 3, 2025: American Association of Colleges for Teacher Education, National Center for Teacher Residencies, the Maryland Association of Colleges for Teacher Education (Executive Orders: Ending Radical and Wasteful Government DEI Programs and Preferencing and Ending Illegal Discrimination and Restoring Merit-Based Opportunity)
  100. March 3, 2025: Pueblo of Isleta; Prairie Band Potawatomi Nation; Cheyenne and Arapaho Tribes; Ella Bowen; Kaiya Brown; Danielle Ledesma; Victor Organista; and Aiyanna Tanyan (Executive action related to Bureau of Indian Education layoffs)
  101. March 3, 2025: Environmental Defense Fund (Executive action related to records retention and DOGE)
  102. March 3, 2025: Alishea Kingdom, Solo Nichols, Jas Kapule  (Executive Order: Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government)
  103. March 3, 2025: Haitian-Americans United Inc.; Venezuelan Association of Massachusetts; Undocublack Network, Inc.; Sydney Doe; Marlene Doe; Gustavo Doe; and Natalia Doe  (Executive action related to DHS terminating Temporary Protected Status for Venezuela)
  104. March 3, 2025: Center for Biological Diversity (Executive Action related to disclosure of personal and financial records to DOGE)
  105. March 3, 2025: Catholic Charities, Diocese of Fort Worth, Inc. (Executive action related to the temporary pause of grants, loans and assistance programs)
  106. March 5, 2025: National Endowment for Democracy (Executive action related to State Department funds)
  107. March 5, 2025: Japanese American Citizens League, Oca – Asian Pacific American Advocates, Sierra Club, Union of Concerned Scientists (Executive Action related to disclosure of personal and financial records to DOGE)
  108. March 4, 2025: Mary Comans (Executive action related to the disclosure of civil servant personnel records)
  109. March 6, 2025: States of Maryland, Minnesota, District of Columbia, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, Wisconsin (Executive action related to government employment termination)
  110. March 6, 2025: State of California; Commonwealth of Massachusetts; State of New Jersey; State of Colorado; State of Illinois; State of Maryland; State of New York; and State of Wisconsin (Executive Orders: Ending Radical and Wasteful Government DEI Programs and Preferencing and Ending Illegal Discrimination and Restoring Merit-Based Opportunity)
  111. March 6, 2025: Rhode Island Latino Arts, National Queer Theater, the Theater Offensive, and Theatre Communications Group (Executive Orders: Ending Radical and Wasteful Government DEI Programs and Preferencing and Ending Illegal Discrimination and Restoring Merit-Based Opportunity)
  112. March 6, 2025: Ward Brehm, in his personal capacity and in his official capacity as President of the United States African Development Foundation (Executive Order: Commencing the Reduction of the Federal Bureaucracy)
  113. March 7, 2025: Centro De Trabajadores Unidos, Immigrant Solidarity Dupage (Executive Orders: Securing Our Borders, Protecting the American People Against Invasion, and Establishing and Implementing the President’s ‘Department of Government Efficiency’)
  114. March 9, 2025: Mahmoud Khalil (Executive action related to the detention and deportation of non-citizens)
  115. March 11, 2025:  Perkins Coie LLP (Executive Order: Addressing Risks From Perkins Coie LLP)

Amid the flurry of lawsuits against Trump and his administration, Democratic elected officials and government employees have spoken out against the orders and the Trump agenda overall. 

Democrats and government employees also have staged protests as the Department of Government Efficiency investigates various federal agencies as part of its mission to cut government overspending and weed out corruption and mismanagement of taxpayer funds. 

‘That’s not acceptable,’ House Minority Leader Rep. Hakeem Jeffries, D-N.Y., declared in January. ‘We are going to fight it legislatively. We are going to fight it in the courts. We’re going to fight it in the streets.’ 

‘We will see you in the court, in Congress, in the streets,’ Rep. Ayanna Pressley, D-Mass., said at a rally outside the Treasury Department earlier in February. 

‘We are gonna be in your face, we are gonna be on your a–es, and we are going to make sure you understand what democracy looks like, and this ain’t it,’ Rep. Jasmine Crockett, D-Texas, said at the same rally. 

Trump joined Fox News’ Bret Baier for an exclusive interview ahead of the Super Bowl on Feb. 9, where he was asked about a lawsuit filed by attorneys general to restrict DOGE and its chair, Elon Musk, from accessing the Treasury Department’s systems and a judge temporarily blocking the DOGE team from the data. 

‘Nineteen states attorneys general filed a lawsuit, and early Saturday a judge agreed with them to restrict Elon Musk and his government efficiency team, DOGE, from accessing Treasury Department payment and data systems. They said there was a risk of ‘irreparable harm.’ What do you make of that?’ Baier asked Trump in the interview clip. ‘And does that slow you down and what you want to do?’ 

‘No, I disagree with it 100%,’ Trump said. ‘I think it’s crazy. And we have to solve the efficiency problem. We have to solve the fraud, waste, abuse, all the things that have gone into the government. You take a look at the USAID, the kind of fraud in there.’  

‘We’re talking about hundreds of millions of dollars of money that’s going to places where it shouldn’t be going,’ Trump said when asked about what DOGE has found while auditing federal agencies in search of government overspending, fraud and corruption.

This tracker will be updated with additional lawsuits as they are confirmed.

This post appeared first on FOX NEWS

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Politics

The Hitchhiker’s Guide to where we stand to avoid a government shutdown

There is no clear path right now to avoid a government shutdown at 12:00:01 a.m. ET Saturday. 

However, circumstances often accelerate matters just before a deadline on Capitol Hill.

With Sen. Rand Paul, R-Ky., opposing the GOP plan, Republicans need at least eight Democrats to help break a filibuster on the House-passed bill. 

Senate Republicans could then approve the bill on their own with a simple majority. 

Senate Democrats are pushing their own, monthlong spending package. However, if the Senate OKs that, the House and Senate are out of sync. The House is now out of session for a week and a half. 

Democrats are really torn. They do not want to support the GOP plan. They also want to make this battle a hill to die on to fight back against President Donald Trump and Elon Musk. 

However, they fear Musk could try to shutter more programs and agencies if the government shuts down. 

At this stage, it is hard to see how the fight does not bleed into Friday, if not Friday night before the deadline. 

This post appeared first on FOX NEWS

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Business

FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls

The Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up for its Prime program, citing resource constraints.

Attorneys for the FTC made the request during a status hearing on Wednesday before Judge John Chun in the U.S. District Court for the Western District of Washington. Chun had set a Sept. 22 start date for the trial.

Jonathan Cohen, an attorney for the FTC, asked Chun for a two-month continuance on the case due to staffing and budgetary shortfalls.

The FTC’s request to delay due to staffing constraints comes amid a push by the Trump administration’s Department of Government Efficiency to reduce spending. DOGE, which is led by tech baron Elon Musk, has slashed the federal government’s workforce by more than 62,000 workers in February alone.

“We have lost employees in the agency, in our division and on our case team,” Cohen said.

Chun asked Cohen how the FTC’s situation “will be different in two months” if the agency is “in crisis now, as far as resources.” Cohen responded by saying that he “cannot guarantee if things won’t be even worse.” He pointed to the possibility that the FTC may have to move to another office “unexpectedly,” which could hamper its ability to prepare for the trial.

“But there’s a lot of reason to believe … we may have been through the brunt of it, at least for a little while,” Cohen said.

John Hueston, an attorney for Amazon, disputed Cohen’s request to push back the trial date.

“There has been no showing on this call that the government does not have the resources to proceed to trial with the trial date as presently set,” Hueston said. “What I heard is that they’ve got the whole trial team still intact. Maybe there’s going to be an office move. And by the way, both in government and private sector, I’ve never heard of an office move being more than a few days disruptive.”

The FTC sued Amazon in June 2023, alleging that the online retailer was deceiving millions of customers into signing up for its Prime program and sabotaging their attempts to cancel it.

“Amazon tricked and trapped people into recurring subscriptions without their consent, not only frustrating users but also costing them significant money,” former FTC Chair Lina Khan said at the time.

The FTC has also brought a separate case against Amazon, accusing it of wielding an illegal monopoly, in part by preventing sellers from offering cheaper prices elsewhere through its anti-discounting measures. That case, which the FTC filed in September 2023, is set to go to trial in October 2026.

This post appeared first on NBC NEWS

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Elon Musk’s politics are hurting Tesla, 85% say in investor survey

More than eight out of every 10 respondents to a Morgan Stanley survey believe Tesla CEO Elon Musk’s controversial political activities are hurting his business.

In total, 85% of the 245 participants polled by the firm believe Musk’s foray into politics has either had a “negative” or “extremely negative” impact on business fundamentals. The majority of respondents also expect Tesla deliveries to fall this year, according to the survey.

While a small sampling, these results offer the latest sign of mounting frustration with the billionaire entrepreneur as he’s become a rising figure in international and American politics. It also comes at a pivotal point for Tesla’s stock, with shares plunging nearly 40% this year.

When asked about Musk’s efforts with U.S. government efficiency and other political activities, 45% of respondents said these actions had a “negative” effect on the company. Another 40% said they were having an “extremely negative” impact.

On the other hand, 3% said they were “positive” for the business. Meanwhile, 12% called them “insignificant.”

To be sure, Morgan Stanley analyst Adam Jonas reported that his survey respondents are drawn from his email distribution list and should not be taken as a random representative sample. He also noted that the respondents are not necessarily owners of Tesla stock. The survey was taken over a 17-hour period, starting on Tuesday afternoon.

Jonas also asked about expectations for the company’s performance. In a separate question, 59% said they anticipated Tesla would deliver fewer cars to customers in 2025 compared with the prior year. What’s more, 21% of total respondents said they expected a decline of more than 10%. That comes as some analysts have raised alarm that recent reports of vandalism could spook potential customers.

Just 19% of responders said they forecasted deliveries to rise in 2025, while another 23% said they would be flat between the two years.

Musk’s political profile has grown after his public support of President Donald Trump in the runup up to last year’s election and his subsequent role leading the Department of Government Efficiency, or DOGE. The Tesla executive’s efforts to slash the federal government’s spending and workforce has drawn the ire of critics who see his team as working too quickly and haphazardly.

Musk acknowledged in an interview with Fox Business on Monday that his high-profile role in Trump’s administration meant he was running his businesses, which also include X and SpaceX, “with great difficulty.” That day, Tesla shares tumbled more than 15% for their worst session since 2020.

Despite the recent nosedive, 45% of respondents said they anticipate Tesla shares will be at least 11% higher by the end of the calendar year. Around 36% expect the stock to tumble another 11% or further by year-end, while 19% see the stock staying within 10% of its price around $220.

After a New York Times report last week unearthed criticisms of Musk’s team from members of Trump’s cabinet, the president offered a vote of confidence on Tuesday. Trump evaluated five Tesla vehicles parked at the White House after the president said on social media that he would buy one as a symbol of support.

Trump also said he would declare violence at Tesla dealerships to be acts of domestic terrorism.

This post appeared first on NBC NEWS

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Here’s why crypto coins like Banana Gun, Onyxcoin, Hedera are rising

The cryptocurrency industry stabilised on Wednesday morning as some investors moved in and bought the dip. Banana Gun (BANANA) rose by over 42% to $15.7, bringing the seven day gains to 10%. Onyxcoin (XCN) token jumped by 17.15% to $0.01352, while Hedera Hashgraph (HBAR) jumped by 7% to $0.20. Other top-performing coins were Arkham (ARKM) and Bounce Token.

Bitcoin price rose to $83,000

The first main reason why altcoins like Banana Gun, Onyxoin, and Hedera Hashgraph rose is that Bitcoin bounced back from this week’s low of $76,000 and reached a high of $83,000. In most cases, altcoins do well when the price of Bitcoin is rising.

Bitcoin rose as investors reacted to the easing trade tensions between the United States and Canada. In a statement on Tuesday, Donald Trump vowed to double his steel and aluminium tariffs from Canada, citing the decision by Ontario governor to hike electricity prices by 25%.

Trump, irked by that decision, warned that his 50% tariffs would kick in today. He also hinted that he would more than double car import tariffs, a move he argued would decimate the country’s auto sector.

Bitcoin and altcoins like Banana Gun, Onyxcoin, and Hedera Hashgraph rose after the commerce department secretary said that he would talk with Doug Ford, Ontario’s governor, on these tariffs today. He also suspended his decision to hike electricity prices. 

Buying the dip

Altcoins like Banana Gun, Oxycoin, and Hedera Hashgraph price rose as investors bought the dip after these tokens crashed.

Besides, the three have some solid fundamentals behind them. For example, odds that the Securities and Exchange Commission (SEC) will approve a spot Hedera Hashgraph ETF have remained high this year. Such an approval would likely lead to more demand from investors. Further, SWIFT Network announced a partnership with Hedera last week.

Banana Gun price jumped as investors bought the dip because of its strong fundamentals. For example, Banana Gun’s ecosystem had a daily volume of $44.8 million on Saturday. Most of this volume was in Base, the layer-2 network by Coinbase.

Onyxcoin price rose after it was listed by Binance Futures Next project, where users can vote for its listing.

Dead cat bounce 

The third reason why these altcoins like Banana Gun, Onyxcoin, and Hedera are rising is that this may be a dead cat bounce (DCB). A DCB is a situation where an asset in a freefall makes a brief rebound and then resumes the downward trend. These bounces are often seen as bull traps because they trick retail traders to buy the dip and then the prices resume the downtrend.

Potential catalysts for Banana Gun, Hedera, and Onyxcoin

Looking ahead, there are two potential catalysts for these coins. First, the US will publish the latest consumer inflation data on Wednesday that will play a role in the next Federal Reserve interest rate decisions. Second, the Lunar Eclipse will happen on March 13/14. In most cases, assets tend to rise after the eclipse happens. 

The post Here’s why crypto coins like Banana Gun, Onyxcoin, Hedera are rising appeared first on Invezz

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TSX index pattern points to a bigger crash amid US Canada tensions

Canadian stocks and the loonie slipped this week as trade tensions with the US rose and as the market waited for the upcoming Bank of Canada (BoC) decisions. The TSX Composite Index crashed to C$24,248, its lowest level since November 5 last year. Similarly, the USD/CAD exchange rate rose to 1.4500.

Canadian stocks fall as trade war continues

The main reason why the TSX Composite index has crashed by over 6.25% from its highest point this year is the ongoing trade tensions with the United States. 

Donald Trump has already added tariffs on most Canadian goods, and has hinted that he would add more in the future. 

On Tuesday, Trump warned that he would double steel and aluminum tariffs from Canada and add more on their vehicles. He said that in response to the decision by Ontario to increase electricity prices for states like New York and Minnesota. 

The tariff threat waned after Howard Lutnick said that he would negotiate with Canada on these issues. Ontario’s Doug Ford halted his plan to hike power prices in the US ahead of these talks.

Still, the TSX Composite, together with American indices like the Dow Jones, S&P 500, and Nasdaq 100 indices crashed because of these tariffs. 

Why US and Canada tariffs matter

These tariffs are notable for three main reasons. First, they involve two of the biggest trading partners in the world. Canada is the biggest buyer of American goods, while the US us the largest buyer of Canadian goods. The two-way trade volume is over $1 trillion a year.

Second, the tariffs are notable because the two countries have a history of doing business without tariffs. This history started even before Bill Clinton signed the NAFTA trade agreement almost 30 years ago. 

Third, the supply chains between the US and Canada are highly intertwined. For example, it is common for car engine parts to be made in the US and added to the vehicle in Canada. As such, these tariffs may lead to major supply chain shocks in the coming months.

Bank of Canada decision

The next key catalyst for the TSX Composite and the USD/CAD exchange rate will be the upcoming Bank of Canada decision on Wednesday.

Economists expect that the bank will decide to slash interest rates by 0.25% in this meeting. These odds explain why Canada’s bond yields have retreated, with the ten-year falling below 3% and the 30-year moving to 3.25%.

The bank will likely cut interest rates in a bid to support the economy that is facing a black swan event in terms of worsening trade relations with the biggest trading partner. 

Lower interest rates benefit companies and consumers by ensuring that they have low borrowing costs. 

Not all TSX companies have crashed during this crisis. Firms in the gold and silver mining industry like Aya Gold & Silver, First Majestic Silver, IamGold, New Gold, MAG Silver, and Fortuna Mining Corp soared by over 7% on Tuesday.

TSX Composite technical analysis

TSX Composite index chart by TradingView

The daily chart shows that the TSX Composite index has crashed in the past few weeks. This crash happened after it hit the crucial resistance level at C$25,833, where it has now formed a double-top pattern. 

The TSX Composite index has crashed below the 50-day and 100-day moving averages. Also, the Relative Strength Index (RSI) and the MACD indicators have continued falling this year. 

Therefore, the TSX index will likely have a strong bearish breakdown as sellers target the next key support at $23,000. Such a move would imply a 5% drop from the current level. 

The post TSX index pattern points to a bigger crash amid US Canada tensions appeared first on Invezz

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Top Nasdaq 100 index stocks dragging the QQQ ETF in 2025

The Invesco QQQ ETF, which tracks the Nasdaq 100 index, has crashed this year and moved into a correction after falling by over 12.8% from its highest level this year. It plunged to a low of $471, its lowest level since September last year. This article explores the two main reasons why the QQQ ETF has slumped and the top stocks leading the sell-off.

Why the Nasdaq 100 index has crashed

The Nasdaq 100 index has plunged this year as investors react to the ongoing trade war between the US, Canada, Mexico, and China. He has added at least 25% tariffs on each of these countries, a move that will reshape corporate America for a long time. These tariffs will lead to higher costs of doing business and weaker demand. 

The Nasdaq 100 index has dropped as concerns that the AI bubble has started to burst. Most AI stocks, including popular names like NVIDIA, AMD, and SoundHound have all plunged by double digits in the past few weeks. That could be a sign that the AI industry may be starting to weaken, a move that will disrupt one of the top themes in the market. 

Further, the QQQ ETF has dropped as Wall Street analysts turned negative on US equities. Citigroup analysts downgraded US stocks and recommended that investors look to Asia, where stocks are doing well. The Hang Seng Tech Index, which is seen as China’s equivalent to the Nasdaq 100 index, has surged this year. 

HSBC has also downgraded US equities and recommended European ones. Popular European indices like FTSE MIB, FTSE 100, and the DAX index have all jumped this year.

The QQQ ETF has also crashed because of its weak technicals. It formed a double-top pattern at $540, and has now dropped below its neckline at $500. The depth of this double-top pattern was 7.25%. Measuring the distance from the neckline at $500 means that the fund may drop to $463 and then resume its climb. 

QQQ ETF stock chart by TradingView

Top stocks dragging the QQQ ETF

Many technology companies in the QQQ ETF are lagging this year. The top laggard is The Trade Desk, whose stock price has crashed by over 50% this year. This decline has erased some of the gains made last year. 

The Trade Desk has crashed simply because, like AppLovin, it jumped sharply so quick in 2024. Historically, such parabolic moves often lead to a big decline over time.

Tesla stock price has plunged by 41% this year as the company has faced substantial challenges. Its sales in Europe are plummeting, dealers are being attacked in the US, and there are concerns about Elon Musk’s involvement in the Department of Government Efficiency (DOGE).

Marvell Technology stock price is down by 39%, as I warned would happen. My argument was that the semiconductor company had become severely overvalued after inking deals with companies like Amazon and Microsoft.

ON Semiconductor share price has crashed by 38% because of the potential slowdown in the AI industry. AppLovin stock has plummeted by 22% because of valuation and short-seller report concerns. 

The other top companies dragging the QQQ ETF this year are AMD, PayPal, NVIDIA, Broadcom, MongoDB, Lululemon Athletica, and Autodesk. 

On the other hand, the best-performing Nasdaq 100 index companies are Gilead Sciences, PDD Holdings, Amgen, Vertex Pharmaceuticals, MercadoLibre, and T-Mobile. These healthcare companies will be less affected by the ongoing trade war. Other notable gainers are Take-Two Interactive, DoorDash, and Mondelez.

The post Top Nasdaq 100 index stocks dragging the QQQ ETF in 2025 appeared first on Invezz

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