Friday, July 3, 2026

Trump, Netanyahu Agree To Meet In US 'Soon' After Phone Call Amid Strained Ties

<p class="PDq2pG_selectionAnchorContainer" data-start="812" data-end="1041">US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have agreed to meet in the United States "soon" following a phone conversation on Friday, according to the Israeli Prime Minister's Office (PMO).</p> <p data-start="1043" data-end="1255">While no date or venue has been announced, the planned meeting comes amid continuing tensions in West Asia and follows recent military cooperation between Washington and Israel during their campaign against Iran, AFP reported.</p> <p><iframe title="YouTube video player" src="https://www.youtube.com/embed/XIwcVW7n6Sk?si=t4vVHEulcbTvb_xV" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p> <h2 data-section-id="q8f6gq" data-start="1257" data-end="1287">Leaders Agree To Meet In US</h2> <p data-start="1289" data-end="1506">According to a statement issued by Netanyahu's office, the Israeli leader congratulated Trump on the 250th anniversary of the founding of the United States and praised the close relationship between the two countries.</p> <p data-start="1508" data-end="1687">"The US is what ensures the freedom of the world, and Israel greatly appreciates the tight bond between the nations," Netanyahu said during the conversation, according to the PMO.</p> <p data-start="1689" data-end="1791">The statement added that "Prime Minister Netanyahu and President Trump agreed to meet soon in the US."</p> <p data-start="1793" data-end="1878">No additional details regarding the timing or location of the meeting were disclosed.</p> <p data-start="1793" data-end="1878"><strong>ALSO READ: <a href="https://news.abplive.com/news/pm-modi-takaichi-condemn-pakistan-backed-terror-call-for-action-against-let-and-jem-1854144">PM Modi, Takaichi Condemn Pakistan-Backed Terror, Call For Action Against LeT And JeM</a></strong></p> <h2 data-section-id="1cwyjx8" data-start="1880" data-end="1923">Call Comes Amid Reports Of Strained Ties</h2> <p data-start="1925" data-end="2021">The announcement follows reports of growing differences between the two leaders in recent weeks.</p> <p data-start="2023" data-end="2206">Trump has publicly criticised Netanyahu after Israel's military campaign against Hezbollah in Lebanon complicated ongoing diplomatic efforts aimed at advancing negotiations with Iran.</p> <p data-start="2208" data-end="2356">Despite the reported disagreements, Friday's phone call signalled continued engagement between Washington and Jerusalem on regional security issues.</p> <h2 data-section-id="hyzic4" data-start="2358" data-end="2388">Iran Talks Continue In Doha</h2> <p data-start="2390" data-end="2508">The planned meeting also comes as indirect negotiations between the United States and Iran continue through mediators.</p> <p data-start="2510" data-end="2716">Earlier this week, Qatar confirmed that separate meetings with American and Iranian negotiators in Doha had resulted in "positive progress" on issues related to a 14-point Memorandum of Understanding (MoU).</p> <p data-start="2718" data-end="2843">According to Qatar's Foreign Ministry, discussions will resume after the funeral processions of Iran's former Supreme Leader.</p> <p data-start="2718" data-end="2843"><strong>ALSO READ: <a href="https://news.abplive.com/news/world/khamenei-funeral-ceremony-updates-where-was-his-body-kept-until-now-why-was-burial-delayed-1854332">Khamenei Funeral: Where Was His Body Kept Until Now And Why Was Burial Delayed? Here's What We Know</a></strong></p> <h2 data-section-id="1fyg3r1" data-start="2845" data-end="2886">Israel Reaffirms Position On Hezbollah</h2> <p data-start="2888" data-end="3028">Israel has also indicated that it will continue military operations against Hezbollah despite the existing ceasefire framework with Lebanon.</p> <p data-start="3030" data-end="3185">Israeli Deputy Foreign Minister Sharren Haskel recently said operations would continue as long as the Iran-backed group posed a threat to Israeli security.</p> <p data-start="3187" data-end="3313">"If Hezbollah continues to attack Israel, we will continue to defend our people, our communities and our forces," Haskel said.</p> <p data-start="3315" data-end="3474">She added that lasting stability in Lebanon would require Hezbollah to be disarmed, arguing that both Israel and the Lebanese government shared that objective.</p> <h2 data-section-id="jtq8kv" data-start="3476" data-end="3519">Netanyahu Pushes To End US Financial Aid</h2> <p data-start="3521" data-end="3675">The announcement of the upcoming meeting also follows Netanyahu's recent remarks expressing a desire to phase out American financial assistance to Israel.</p> <p data-start="3677" data-end="3812">Speaking earlier this week, the Israeli prime minister said Israel's economy had become strong enough to sustain itself without US aid.</p> <p data-start="3814" data-end="3944">"I want to stop American aid. It's like welfare; I don't want it," Netanyahu said, adding that the process should begin this year.</p> <p data-start="3946" data-end="4136" data-is-last-node="" data-is-only-node="">The meeting between Trump and Netanyahu is expected to focus on regional security, Iran's nuclear programme, and the evolving situation involving Hezbollah and broader Middle East diplomacy.</p>

source https://news.abplive.com/news/world/trump-netanyahu-hold-phone-call-agree-to-meet-in-us-soon-strained-us-israel-ties-iran-war-1854367

India’s P-8i maritime patrol aircraft in Hawaii for RIMPAC exercise

<p> Washington, Jul 4 (PTI): Indian Navy’s P-8i maritime patrol aircraft is in Hawaii to participate in the Rim of the Pacific Exercise – the world’s largest naval exercise hosted by the US Pacific Fleet.</p><p> “Indian Navy’s participation reaffirms its commitment to a free, open and inclusive Indo-Pacific by enhancing interoperability, Maritime Domain Awareness and cooperation with partner navies,” the Indian embassy in the US said in a post on X.</p><p> The theme of the 30th Rim of the Pacific Exercise (RIMPAC 2026) is ‘Partners: Integrated and Prepared’. The series of exercises began in 1971.</p><p> Thirty nations, over 30 surface ships, five submarines, 15 national land forces, more than 206 aircraft and 30,000 personnel are participating in RIMPAC in and around the Hawaiian Islands from June 24 to July 31.</p><p> RIMPAC provides a unique training opportunity while fostering and sustaining cooperative relationships among participants critical to ensuring the safety of sea lanes and security on the world's oceans.</p><p> “By training together in complex, realistic scenarios, participating nations improve readiness, sharpen warfighting skills, and strengthen the interoperability required to operate effectively alongside one another whenever and wherever needed,” Vice Adm. Jeff Jablon, RIMPAC 2026 Commander, Combined Task Forces (CCTF), said in a statement issued by the US Navy.</p><p> RIMPAC 2026 builds on the success of previous exercises by bringing together a coalition of allies and partners to demonstrate the flexibility and capability of maritime forces.</p><p> The exercise includes a wide range of training events, including amphibious operations, gunnery and missile exercises, anti-submarine warfare, air defence operations, military medicine, humanitarian assistance and disaster response, counter-piracy operations, mine countermeasures, explosive ordnance disposal, and diving and salvage operations, the US Navy statement said. PTI SKU GRS GRS</p><p><i>(This story is published as part of the auto-generated syndicate wire feed. No editing has been done in the headline or the body by ABP Live.)</i></p>

source https://news.abplive.com/news/world/india-s-p-8i-maritime-patrol-aircraft-in-hawaii-for-rimpac-exercise-1854363

Heat wave in US delays 250th I-Day celebrations

<p> Washington, Jul 3 (PTI): A blistering heat wave gripping several states across the East Coast of the US prompted the closure of the Great American State Fair here Friday and forced cancellations of the Independence Day celebrations across the region.</p><p> The heat index -- what temperature it feels like with humidity -- is forecast to reach a scorching 113 degrees Fahrenheit (45 deg C) in Washington, DC on Friday.</p><p> Early Friday afternoon, Freedom 250 announced that the Great American State Fair on the National Mall would temporarily close until 5 pm due to the heat.</p><p> “The safety and well-being of our guests, volunteers, performers, vendors, and staff is our highest priority,” the Trump Administration-supported group said in a statement on X.</p><p> Due to the heat, Independence Day parades have been cancelled in Leesburg, Virginia, as well as in Laurel and Takoma Park, Maryland.</p><p> Despite the scorching heat, the annual Capitol Fourth Concert will still be held on Friday evening, the US Capitol Police said.</p><p> The concert will still begin at 8 pm, Capitol Police said, but the public gates will now open at 7 pm due to the heat.</p><p> “To ensure a safe concert, all guests are strongly encouraged to bring an ample supply of water to stay hydrated,” Capitol Police said in the statement. Non-glass water bottles and coolers are allowed, they said.</p><p> The concert, which takes place on the West Lawn of the US Capitol, is set to feature performers including Patti LaBelle, Alan Jackson, Chicago, Kool & the Gang, as well as the National Symphony Orchestra, the US Army Band “Pershing’s Own”, the Choral Arts Society of Washington and the Joint Armed Forces Chorus.</p><p> The Capitol Police had banned the public from attending the concert’s rehearsal on Thursday evening due to the intense heat.</p><p> The concert is usually held on Independence Day, but it was moved to July 3 because of the Freedom 250 fireworks and programming scheduled for the National Mall on the Fourth.</p><p> President Donald Trump is travelling to South Dakota on Friday evening to deliver a speech and watch fireworks at Mount Rushmore.</p><p> Trump will deliver another speech at the National Mall in Washington on Saturday evening before what is being billed as a historically massive fireworks show.</p><p> From Boston to Norristown, Pennsylvania and Gettysburg National Military Park, plans were shifting to accommodate the soaring temperatures. Amtrak cancelled some trains in the Northeast due to excessive heat that could affect the tracks.</p><p> New York City's heat index reached 106 degrees on Thursday, prompting Mayor Zohran Mamdani to urge New Yorkers to conserve power "due to the increase in energy demand and unexpected load challenges".</p><p> The heat conditions did not stop political barbs as Mamdani’s appeal to New Yorkers to set their ACs to 78 degrees F (25.5 deg C) and turn off lights/electronics not in use drew ridicule for the Republicans.</p><p> “This is Communism at work,” Senator Rick Scott, a Republican from Florida, said.</p><p> “The Socialist Democrats are coming for your AC,” Senator Lindsey Graham, a Republican from South Carolina, said. PTI SKU SCY SCY</p><p><i>(This story is published as part of the auto-generated syndicate wire feed. No editing has been done in the headline or the body by ABP Live.)</i></p>

source https://news.abplive.com/news/world/heat-wave-in-us-delays-250th-i-day-celebrations-1854362

Thursday, July 2, 2026

Iran Projects Power At Khamenei's Funeral Amid Global Scrutiny

<p><em>Edited by: Ole Tangen Jr</em></p> <p>Acting Tehran Mayor Alireza Zakani said the ceremonies for the former supreme leader Ayatollah Ali Khamenei would be "the largest assembly in the history of the capital," according to Iranian media.</p> <p>Khamenei, who for 37 years held ultimate authority in all key state matters, was <span class="editable placeholder" data-id="76161011" data-size="NORMAL" data-type="LIVEBLOG">killed at the age of 86 in missile strikes</span> on his residential and working compound in central Tehran.</p> <p>The attacks occurred on February 28, the first day of the war, when the United States and Israel launched strikes on Iran. Several members of his family, including his daughter and two grandchildren, were also reportedly killed.</p> <p>Satellite images show significant destruction at the site, but it remains unclear whether bodies have been recovered and in what condition.</p> <p>The funeral, originally planned for early March, was delayed due to the conflict. It is now scheduled to start on July 4. Iranian authorities only announced the ceremonies after a <span class="editable placeholder" data-id="77763482" data-size="NORMAL" data-type="LIVEBLOG">fragile ceasefire</span> between Washington and Tehran came into effect.</p> <p>According to the head of the organizing committee, Ali-Akbar Purdjamschidian, the six-day event is intended to "strengthen national cohesion and unity" across political, social and religious groups. Whether this aim can be achieved remains uncertain.</p> <h2>Nationwide mobilization</h2> <p>In the country of around 93 million people, authorities are now mobilizing supporters for the ceremonies. Starting on Saturday, three official days of mourning are scheduled in Tehran. During that time, the capital will be effectively shut down, with businesses closed and work suspended. Extensive preparations have been made to accommodate visitors from across the country.</p> <p>Khamenei is to be buried on July 9 in the northeastern city of Mashhad, his birthplace. A day earlier, a funeral procession is expected to pass through Iraq, including the holy cities of Najaf and Karbala &mdash; a move widely seen as a signal of Iran's regional influence.</p> <h2>Legacy under scrutiny</h2> <p>"Unlike Ayatollah Ruhollah Khomeini, who ruled for a decade after the 1979 revolution, Khamenei led the country for 37 years with pronounced micromanagement, intervening in almost all areas of governance," said Mehrzad Boroujerdi, a professor of political science at the Missouri University of Science and Technology.</p> <p>During his tenure, tensions with the outside world intensified, while corruption, economic mismanagement and sanctions linked to the nuclear dispute increased pressure on the country. Public dissatisfaction grew steadily, culminating in repeated waves of unrest.</p> <p>These included the 2009 Green Movement, the "Woman, Life, Freedom" protests in 2022, and nationwide demonstrations in late 2025 and early 2026 &mdash; all of which were suppressed by force.</p> <p>"Khamenei's approach was to make no concessions to his opponents, whether to regime critics or reformists within the system," Boroujerdi said.</p> <p>This has contributed to a widening gap between society and the political system. "Many people have grown tired of the current order," he added.</p> <p>A women's rights activist in Tehran, who asked for her name not to be used, said many protesters still struggle to accept that the Islamic Republic has ultimately prevailed.</p> <p>"At the same time, its supporters have gained new momentum," she said.</p> <p>The war has also reinforced a sense among many Iranians that they cannot rely on outside help. Heavy bombardment of densely populated cities and the destruction of key industries, including petrochemical plants and steelworks, have cost thousands of jobs, further deepening disillusionment &mdash; particularly among younger people.</p> <h2>Khamenei's foreign policy continuity</h2> <p>The inclusion of the so-called Lebanon front as the first point in Iran's recent negotiations <span class="editable placeholder" data-id="77729995" data-size="NORMAL" data-type="LIVEBLOG">memorandum with the United States</span> underlines continuity in Khamenei's foreign policy approach. .</p> <p>"Hezbollah has drawn closer to Iran, particularly to the Quds Force, and is relying more heavily on Tehran both politically and militarily," said Hamidreza Azizi of the German Institute for International and Security Affairs.</p> <p>The author of the recently published book "The Axis of Resistance: Iran, Israel and the Struggle for the Middle East," Azizi added that <span class="editable placeholder" data-id="76992263" data-size="NORMAL" data-type="LIVEBLOG">divisions, however, remain within Iran's leadership</span>, especially within the Revolutionary Guards, over potential talks with Washington. The outcome of the negotiations remains uncertain.</p> <p>For many supporters, participation in the funeral is not only about mourning.</p> <p>"Two major military powers attacked Iran, and yet the Islamic Republic still stands," Boroujerdi said. "For many, that is proof of resilience."</p> <p>He added that even partial implementation of the 14-point framework discussed with the US would represent a significant achievement. Comparable concessions were not secured after the Iran-Iraq war or under the 2015 nuclear deal.</p> <p>Among Iran's key demands is a US commitment not to interfere in its internal affairs, something Washington had never agreed to before but which it has now accepted as part of the agreed memorandum.</p> <p><em>Disclaimer: This report first appeared on <strong>Deutsche Welle</strong>, and has been republished on <strong>ABP Live</strong> as part of a special arrangement. Apart from the headline, no changes have been made in the report by <strong>ABP Live</strong>.</em></p>

source https://news.abplive.com/news/world/iran-turns-khamenei-funeral-into-show-of-power-1854142

UK Minister Lisa Nandy Quits X, Says Platform 'Favours Abuse And Misinformation'

<p>Britain's Culture Secretary Lisa Nandy has announced that she is leaving X, the social media platform owned by Elon Musk, saying it has evolved into a space that prioritises abuse and misinformation over meaningful public discussion.</p> <p>In a post on the platform on Thursday, Nandy confirmed that she would no longer use X and said her department would also withdraw from it.</p> <p>"I've decided to leave this platform and my department will too," Nandy said.</p> <h2><strong>'Not Healthy For Democracy'</strong></h2> <p>Explaining her decision, Nandy criticised the direction the platform has taken.</p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">I've decided to leave this platform and my Department will too. <br /><br />A platform originally designed for free speech and expression now favours abuse and misinformation over meaningful debate. <br /><br />It isn't healthy for our democracy or our communities and I don&rsquo;t want to support it.</p> &mdash; Lisa Nandy MP (@lisanandy) <a href="https://ift.tt/V9Ewp6t 2, 2026</a></blockquote> <p> <script src="https://ift.tt/uiQzn5X" async="" charset="utf-8"></script> </p> <p>"A platform originally designed for free speech and expression now favours abuse and misinformation over meaningful debate. It isn't healthy for our democracy or our communities and I don't want to support it," she stated.</p> <p><strong>ALSO READ: <a href="https://news.abplive.com/news/world/japan-plans-updated-free-and-open-indo-pacific-with-india-to-address-china-concern-1854131">Japan Plans 'Updated' Free And Open Indo-Pacific With India To Address China Concern</a></strong></p> <h2><strong>Department Also Exits Platform</strong></h2> <p>Nandy said users who wish to follow her updates can do so on other social media platforms.</p> <p>"You can follow me on Instagram, Facebook and LinkedIn @LisaNandyMP".</p> <p>She also confirmed that the Department for Culture, Media and Sport will no longer use X.</p> <p><strong>ALSO READ: <a href="https://news.abplive.com/news/world/ayatollah-ali-khamenei-s-funeral-live-updates-son-mojtaba-likely-to-skip-ceremony-here-s-why-1854136">Ayatollah Ali Khamenei's Funeral: Son Mojtaba Likely to Skip Ceremony. Here's Why</a></strong></p>

source https://news.abplive.com/news/world/uk-minister-lisa-nandy-quits-x-says-platform-favours-abuse-and-misinformation-1854137

Ayatollah Ali Khamenei's Funeral: Son Mojtaba Likely To Skip Ceremony. Here's Why

<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:47a4bf0b-1740-42fb-9d50-d75a09bea65c-37" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:47a4bf0b-1740-42fb-9d50-d75a09bea65c-37" data-turn-id-container="request-WEB:47a4bf0b-1740-42fb-9d50-d75a09bea65c-37" data-testid="conversation-turn-76" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="71650f18-1d2f-45cf-ba3d-3c5f5167ee90" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full light markdown-new-styling"> <p class="PDq2pG_selectionAnchorContainer" data-start="122" data-end="474">Preparations are underway for the final tribute and funeral ceremonies of Iran's late Supreme Leader Ayatollah Ali Khamenei, with millions of people and dignitaries from across the world expected to attend. While several global leaders are likely to be present, Khamenei's son, Mojtaba Khamenei, is unlikely to appear publicly due to security concerns.</p> <p data-start="476" data-end="796">Ayatollah Hakim Elahi, the Representative of Iran's Supreme Leader in India, said Mojtaba Khamenei wished to personally attend the ceremony and pay his last respects to his father. However, security agencies have advised against his participation in any public event amid the prevailing security situation in the region.</p> <h2 data-section-id="18f9v20" data-start="798" data-end="837">Why Mojtaba Khamenei May Not Attend</h2> <p data-start="839" data-end="1104">According to Ayatollah Hakim Elahi, Mojtaba Khamenei's representatives have indicated that he wanted to meet supporters during the mourning ceremonies. However, security agencies have recommended that he avoid all public appearances due to potential security risks.</p> <p data-start="1106" data-end="1218">As a result, he is unlikely to be seen publicly during the final farewell ceremonies for Ayatollah Ali Khamenei.</p> <p data-start="1220" data-end="1414">Preparations for the funeral are in full swing, with media reports claiming that nearly 20 million people could attend the various events. However, this figure has not been officially confirmed.</p> <h2 data-section-id="1a9lyog" data-start="1416" data-end="1462">India Invited To Attend&nbsp;</h2> <p data-start="1464" data-end="1566">Iran has extended formal invitations to several Indian political leaders to attend the funeral events.</p> <p data-start="1568" data-end="1805">Senior BJP leader and former Union Minister Mukhtar Abbas Naqvi has been invited as a distinguished guest. The invitation was sent by Mohsen Qomi, Director of the International Relations Department at the Office of Iran's Supreme Leader.</p> <p data-start="1807" data-end="1938">Naqvi confirmed receiving the invitation but did not clarify whether he would attend in a personal capacity or represent his party.</p> <p data-start="1940" data-end="2283">The invitation letter states that Ayatollah Ali Khamenei passed away on February 28, 2026, and that a state funeral is being organised in Tehran during the national mourning period. It also highlights the historical and strategic ties between India and Iran, describing Naqvi's presence as a symbol of friendship between the two countries.</p> <h2 data-section-id="1tunhyw" data-start="2285" data-end="2334">Mehbooba Mufti, Kharge, Khurshid Also Invited</h2> <p data-start="2336" data-end="2597">People's Democratic Party (PDP) president Mehbooba Mufti has also received a formal invitation from the Iranian government. Confirming the invitation, she said it was an honour and that she would travel to Tehran to pay her final respects to Ayatollah Khamenei.</p> <p data-start="2599" data-end="2835">According to her invitation, a condolence meeting will be held at the Imam Khomeini Grand Mosalla Complex in Tehran on July 3, followed by a memorial programme on July 4, while the funeral procession is scheduled for July 6.</p> <p data-start="2837" data-end="3013">The Iranian government has also invited Congress president Mallikarjun Kharge, former External Affairs Minister Salman Khurshid and Congress media department chief Pawan Khera.</p> <p data-start="3015" data-end="3304">According to PTI, Congress sources indicated that Salman Khurshid is likely to represent the party at the ceremonies. Pawan Khera also confirmed receiving the invitation, stating that the final decision on the party's representation would be taken by Congress president Mallikarjun Kharge.</p> <p data-start="3306" data-end="3621" data-is-last-node="" data-is-only-node="">Sources said the main funeral events are scheduled to take place between July 5 and July 9 in Tehran, Qom and Mashhad. Several Indian political leaders, including Salman Khurshid and the Governor of Bihar, are also expected to participate, although official confirmation of all delegations is still awaited.</p> </div> </div> </div> </div> </div> </div> </section> </div> </div> <div class="pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]" aria-hidden="true">&nbsp;</div>

source https://news.abplive.com/news/world/ayatollah-ali-khamenei-s-funeral-live-updates-son-mojtaba-likely-to-skip-ceremony-here-s-why-1854136

Wednesday, July 1, 2026

Micron announces USD 250 million investment in Trump Accounts

<p> Washington, Jul 2 (PTI): Sanjay Mehrotra-led Micron Technologies announced a USD 250 million investment in the Trump Accounts programme, a long-term savings initiative for children, a move that was welcomed by President Donald Trump.</p><p> Mehrotra, the CEO of Micron, said as part of this initiative, the company is launching an employee matching benefit for contributions up to USD 1,000 per child under 18.</p><p> Additionally, Micron will provide a community benefit of a one-time USD 250 seed deposit for children with Trump Accounts where the company operates in Idaho, New York, Virginia, California, Colorado, Minnesota and Texas.</p><p> “This incredible gesture, made by Micron’s fantastic CEO, Sanjay Mehrotra, will make many children extremely happy someday in the not too distant future,” Trump said on Truth Social on Wednesday.</p><p> He called it “the BIGGEST CORPORATE Investment of its kind.” A Trump account can be opened for any American child under 18 with a Social Security number.</p><p> Individuals, employers and others can deposit money into the accounts, which grow tax-free, like individual retirement accounts. The accounts will be available starting July 4.</p><p> Micron said it expected to reach up to one million children with its investment.</p><p> “At Micron, we believe investing in people is as important as investing in technology,” Mehrotra said.</p><p> Most of the funding will benefit children and families in communities where Micron operates, expanding long-term financial opportunities for the next generation.</p><p> The programme complements Micron’s previously announced investment of over USD 200 billion in US memory manufacturing and R&D, creating over 90,000 jobs across the country.</p><p> In addition to this initiative, Micron is investing hundreds of millions of dollars across the US to expand access to semiconductor careers through K-12 STEM education, semiconductor curriculum development, AI education, community college and university partnerships, registered apprenticeships and other workforce programmes, a company statement said.</p><p> Trump said the Micron investment will help jumpstart the American Dream for these children as the US celebrates the 250th anniversary of its independence.</p><p> “This MASSIVE Investment will help MILLIONS of American children and families get a strong start in life, and give them REAL Financial Security. Micron is investing directly in the American Worker and Family! This is exactly what the fabulously successful TRUMP ACCOUNTS were created to do — Give every American Child a headstart, and a real chance to succeed,” the president said.</p><p> “My Policies are WORKING, and working “BIG.” Our Country is doing far better than any country, anywhere in the World, and Companies like Micron are proving it every single day,” Trump said.</p><p> In December, Michael Dell, the founder of the technology giant Dell, and his wife, Susan, announced a USD 6.25 billion donation to support Trump Accounts. The Dells earmarked their money for children under 10 living in ZIP codes where the median household income was below USD 150,000. PTI SKU GRS GRS GRS</p><p><i>(This story is published as part of the auto-generated syndicate wire feed. No editing has been done in the headline or the body by ABP Live.)</i></p>

source https://news.abplive.com/news/world/micron-announces-usd-250-million-investment-in-trump-accounts-1853924