US President Trump says he was proud to be President that got the last Farm Bill done, and looks forward to being the President who does it again
OpenAI poaches Brian McCarthy from SpaceX (SPCX) to be its VP of worldwide sales, according to Fortune
US Senator Hawley says he is introducing the No Tax Breaks for Data Centres Act to stop large technology companies receiving tax breaks to build data centres on farmland
US President Trump says he was proud to be President that got the last Farm Bill done, and looks forward to being the President who does it again
Fifth Third Bancorp (FITB) lifts quarterly dividend 5% to USD 0.42/shr (prev. USD 0.40/shr)
UK MTO says it recieved a report of a security incident in Strait of Hormuz 16 NM Northeast of Khasab, Oman
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
"I was proud to be the President that got our last Farm Bill done, in December of 2018, after the previous President, Barack Hussein Obama, was unable to get it passed (Or didn’t want to!). Now I look forward to being the President who again, along with our Great Republican Senators and Congressmen/women will get it done, for a second time but, even more conclusively, and an even better Bill. Yesterday our Farm Bill passed along strict Party Lines, 12 Republican “YEAS,” to 11 Dumocrat “NAYS.” So, in other words, we got it done! The Phase Two Vote will be taken soon, and I feel confident that the Republicans will again come through for our wonderful Farmers and Ranchers. It will be passed! Such a Great Honor to be involved with our Republican Majorities in getting this Legislation done, especially with the great things that are included in it. We look forward to the Vote! I want to totally reassure our Farmers and Ranchers, and our Rural Communities, that they will be extremely happy with the end result. In addition to everything else, some much needed Dollar Assistance will be provided — and well deserved — considering all these incredible people have had to endure due to four years of Sleepy Joe Biden, and the very Anti-Farm Biden Administration. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter. President DONALD J. TRUMP"
Farm Bills are multi-year omnibus packages covering crop subsidies, insurance, conservation and nutrition programmes, and their passage has historically been a slow, committee-driven process rather than a market event; the immediate read here is a partisan committee-stage vote, which signals where the bill sits in the legislative sequence rather than its final shape. Where episodes of this kind have touched markets, the transmission runs through specific channels: the crop insurance and commodity support titles matter for US grain and soybean basis and for planting-intention incentives, while any direct 'dollar assistance' to producers functions as fiscal transfer that can cushion farm-gate revenue against weak export demand or tariff retaliation. The reference to party-line voting is the tell: farm legislation has traditionally carried bipartisan backing because of its nutrition and rural-development components, so strict partisan splits have in the past foreshadowed floor difficulty, amendment fights, or a lapse into extension of the prior law rather than a clean reauthorisation. The stated next step is a second phase vote, and the sequence to track is committee passage, floor action in each chamber, and conference reconciliation, with the subsidy baseline set by the budget scorekeepers as the binding constraint. Trade-linked elements, particularly export programme funding and any interplay with tariff policy toward major buyers of US agricultural goods, are where the commodity desk relevance has historically concentrated. As a political statement rather than a scored bill, the signal is about process and priority, not yet about money.
Related headlines
- President Trump is expected to sign orders related to land and waterways, Fox reports2 hours ago
- US President Trump told Axios he is at a "critical juncture" regarding the war in Iran, weighing whether to launch massive new attacks or pursue a different path to end the conflict4 hours ago
- Israeli PM Netanyahu is interested in meeting with US President Trump at the UN General Assembly; meeting not scheduled, reports N12 TV6 hours ago
- Political adviser to Iran’s Supreme Leader says the Strait of Hormuz will not be reopened until US President Trump and Israeli PM Netanyahu are “brought down from the seat of power”, Tasnim reports8 hours ago
- CRUDE WRAP: WTI (X6) SETTLES USD 0.52 LOWER AT 101.91/BBL2 hours ago
- President Trump and Mexican President Sheinbaum spoke by phone Wednesday as the two countries close in on a trade deal, according to Politico citing sources3 hours ago
- US EQUITY OPEN: Stocks pare hawkish Fed reaction while yields and crude prices drop 7 hours ago
- US said to delay excess capacity tariffs until after the Xi summit, reports Bloomberg News2 hours ago
- A White House official confirms that Trump plans to sign the Russia sanctions bill, reports AP; says unclear when6 hours ago
- Expect a response from Hezbollah in the coming days or weeks, reports Al Hadath citing Israeli military4 hours ago
- Multiple sources say that Trump is expected to sign the Russia-Iran sanctions bill as early as tomorrow, reports RFERL1 hour ago
- EU Commission says Trade Commissioner Sefcovic is to meet the Chinese counterpart on October 8th-9th7 hours ago
- The US State Department approved a potential sale of F-35 Lightning II Joint Strike Fighter (LMT) aircraft to Saudi Arabia valued at an estimated USD 24.3bln4 hours ago
- Standard Chartered expects the Fed to hike rates in December 2026 (prev. saw no hikes this year)8 hours ago
- Texas Instruments (TXN) boosts dividend 7% to USD 1.52/shr1 hour ago
- Times of Israel, cited by Al Arabiya, says satellite images reveal Iran rebuilding a previously bombed nuclear site2 hours ago
- JPM expects BoE to hike interest rates by 25bps in February 2027 (prev. 2 rate cuts in 2027)6 hours ago
- Novo (NOVOB DC) entered a multi-target drug-discovery partnership with AI-focused Orbis Medicines worth up to USD 1.4bln to develop oral treatments for cardiometabolic diseases, Axios reports1 hour ago
- The FAA is expected to launch Smart, an AI-powered air-traffic management tool, in the Washington D.C. corridor as early as Monday, WSJ reports4 hours ago
- US sells USD 19bln of 10-year TIPS; tail 1.9bps4 hours ago
The whole workspace, free to try.
Try it free