WALLSTREETJOURNAL News

SpaceX’s roughly $1.75 trillion valuation (maybe), Pete Hegseth blocked Air Force promotions, and Mumbai’s couture embroidery. Read more in today’s What’s News newsletter:

Plus, Pete Hegseth blocked and delayed Air Force promotions, and couture brands love Mumbai embroiderers.

Florida lawmakers approved a measure for the November ballot that would overhaul the state’s property-tax system

Supporters, like Gov. DeSantis, say property-tax revenue has far outpaced inflation in recent years. Detractors warn of trimmed services.

The Trump administration is abandoning its $1.8 billion “anti-weaponization” fund after it drew condemnation from Republican lawmakers and threatened to sink an unrelated immigration-enforcement bill

Senators said they want details on whether the program is truly dead or just “partly dead.”

Defense Secretary Pete Hegseth has given unusual scrutiny to Air Force senior officer promotions, which only the president can lawfully block

The defense secretary has given unusual scrutiny to the promotions, which only the president can lawfully block.

New York’s attorney general is leading a lawsuit against the Trump administration to challenge its deal that put an end to a French energy company’s offshore wind projects

The lawsuit marks the latest move in the skirmish between Democratic states and the government over the federal onslaught on renewable energy.

Republican leaders say they believe the Trump administration will make a clear statement ending its $1.8 billion “anti-weaponization” fund, after it drew condemnation from many GOP senators

Senators say they want details on whether program is truly dead or just “partly dead.”

The Army jailbreaks weapons software, linking 74 defense systems into a single battlefield view to better counter drones and missiles

Officials say software restrictions on weapons and radar systems slowed down efforts to detect incoming drones and missiles.

Army jailbreaks weapons software, linking 74 defense systems into a single battlefield view to better counter drones and missiles

Officials say software restrictions on weapons and radar systems slowed down efforts to detect incoming drones and missiles.

White House Correspondents’ Dinner Rescheduled After Gunfire Ended Earlier Event

The annual dinner will now take place July 24 and have enhanced security.

White House Correspondents’ Association Reschedules Dinner for July 24

The event is slated to have enhanced security nearly three months after gunman attempted to ambush dinner attended by President Trump.

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