Trump Media Stock is back to its starting point once again. Virtually all the gains are gone from the pre-merger January 2024 announcement low of about $17.50. The stock has tested that level twice: last September when selling lockups expired, and this April when tariff worries peaked. But the current drop is different. Below are the daily and weekly stock charts for the 18-month period. They show the optimistic price rises and the intervening declines. Why Didn’t The Previous Highs Hold? Trump Media stock has traded far above its fundamental valuations because of President Donald Trump’s involvement as the majority…

With less than a week remaining before U.S. Senators return to their home states for the summer, there is still work to do. The Senate has not yet passed a version of the “One Big Beautiful Bill Act” (OBBBA), and once it does, it must precisely match the House-passed version to become law. Republicans in the Senate remain optimistic about their chances, but they first need to wait for the final word on what’s allowed in the bill before voting. Elizabeth MacDonough, the Senate Parliamentarian, has been reviewing the hundreds of pages in the proposed bill and has already flagged…