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President Biden says it’s time to ‘pass the torch’

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President Joe Biden said on Wednesday he is “passing the torch to a new generation” as he explained his abrupt departure from the 2024 presidential race to Americans for the first time, in an Oval Office address capping over 50 years in politics.

“I revere this office,” Biden said. “But I love my country more.”

Biden, 81, rebuffed weeks of pressure from Democrats to step aside after a disastrous debate performance on June 27, saying at one point that only the “Lord Almighty” could convince him to go.

Unite the nation

“I have decided the best way forward is to pass the torch to a new generation. That is the best way to unite our nation,” Biden said.

Biden made his decision after days of soul-searching and agonizing over internal polling that predicted he could lose against Republican Donald Trump in November and drag down fellow Democrats with him.

“The great thing about America is here, kings and dictators do not rule. The people do. History is in your hands. The power is in your hands. The idea of America – lies in your hands,” Biden will say, according to the speech excerpts.

It will be Biden’s first extended public remarks since he relented to pressure from fellow Democrats and announced on Sunday via social media that he had decided not to seek reelection on Nov. 5.

Biden is the first incumbent president not to seek reelection since 1968 when Lyndon Johnson, under fire for his handling of the Vietnam War, abruptly pulled out of the campaign on March 31.

Biden also joins James K. Polk, James Buchanan, Rutherford B. Hayes, Calvin Coolidge and Harry Truman as presidents who all decided not to stand for a second elected term.

Biden faced calls to step aside after his rocky performance in the debate against Trump raised troubling questions about his mental acuity.

Since he stepped aside, however, Democrats have rallied around him, paying tribute to his character and his record as president.

Watching together

A crowd of staff walked into the White House earlier in the evening to watch the speech together. An official said a reception and “viewing party” were being held across the White House’ state floor for Biden’s address.

The White House has denied that Biden has any cognitive issues despite a recent increase in verbal slipups.

Biden said he will focus on his job as president over his remaining six months in office. He is to meet with Israeli Prime Minister Benjamin Netanyahu on Thursday on efforts to negotiate a Gaza ceasefire.

It was the fourth time Biden used the formal setting of the Oval Office since taking office in 2021. His last Oval Office speech was on July 15 when he urged Americans to cool the political rhetoric after the attempted assassination of Trump.

Biden’s political career began when he was elected to the Senate in 1972 at age 29, becoming the sixth youngest U.S. senator. He will conclude his White House tenure on Jan. 20, 2025, as the oldest American president when he will have already turned 82.

“The defense of democracy is more important than any title,” Biden said. “I draw strength, and find joy, in working for the American people. But this sacred task of perfecting our Union is not about me. It’s about you. Your families. Your futures. It’s about ‘We the People.’”

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U.S. ramps up Cuba aid as energy crisis deepens

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The United States has announced an additional $6 million in humanitarian aid for Cuba, bringing total assistance since Hurricane Melissa struck the island in October to $9 million. The new relief package will focus on Cuba’s eastern provinces, including Holguín, Granma, Santiago de Cuba, and Guantánamo, providing staples like rice, beans, pasta, canned tuna, and solar lamps. U.S. officials said embassy staff will monitor distribution to prevent the government from diverting supplies.

The announcement comes amid worsening energy and fuel shortages. Cuba has faced widespread blackouts, leaving millions without electricity in several provinces, while rising food prices and limited fuel supplies have intensified humanitarian pressures. Officials warn that without sufficient oil imports, hospitals, transport, and essential services could be severely affected. The crisis has escalated following U.S. restrictions on Cuba’s oil shipments and Venezuela’s inability to supply fuel, forcing Cuba to turn to Mexico as its primary energy partner.

Humanitarian situation

Cuba’s President Miguel Díaz‑Canel accused the U.S. of imposing an “energy blockade,” while Mexican officials work to deliver fuel without triggering U.S. tariffs. Díaz‑Canel expressed willingness to engage in dialogue but insisted talks must respect Cuba’s sovereignty. U.N. Secretary-General António Guterres has voiced serious concern, warning that the humanitarian situation could deteriorate further if oil supplies remain restricted.

As Cuba struggles to balance disaster recovery with an ongoing energy crisis, the international community faces a delicate challenge: providing humanitarian support while navigating complex geopolitical tensions.


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SpaceX expands Starlink with phone plans and satellite tracking ambitions

SpaceX expands Starlink with a mobile device and space tracking, raising concerns over revenue and US government reliance.

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SpaceX expands Starlink with a mobile device and space tracking, raising concerns over revenue and US government reliance.

SpaceX is pushing Starlink beyond internet from space, with plans underway for new consumer facing services that could reshape the telecom landscape.

The company is reportedly exploring a Starlink mobile device, positioning it as a potential rival to established smartphone players as it looks to extend its reach from orbit to everyday tech.

Starlink has become SpaceX’s financial powerhouse, generating an estimated $8 billion in revenue last year, with fresh trademark and patent filings signalling even more ambitious expansion ahead.


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Oil prices surge as U.S.-Iran tensions escalate

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Crude oil prices jumped over 3% on Wednesday as U.S.-Iran nuclear talks showed signs of faltering, pushing WTI futures above $65 per barrel. Axios reported disagreements over the venue and scope of Friday’s talks, while President Trump warned Iran’s supreme leader to “be very worried,” stoking fears of military escalation.

Tensions in the Persian Gulf added to the volatility. A U.S. F-35C shot down an Iranian drone near the USS Abraham Lincoln, and Iranian vessels threatened a U.S.-flagged tanker in the Strait of Hormuz. The USS McFaul escorted the tanker to safety, highlighting the region’s fragile oil supply routes.

Despite the clashes, nuclear talks will go ahead on Friday in Oman, but uncertainty continues to drive oil market volatility, with traders closely watching both diplomatic and military developments.

#OilPrices #IranUS #NuclearTalks #PersianGulf #WTI #EnergyMarket #Geopolitics #OilSupply


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