The Bulletin

• Denmark, Netherlands react to Trump's DEI ultimatum: A Danish official called for the European Union to mount a united response to President Trump's instruction that foreign companies with American contracts should comply with his orders against diversity, equity, and inclusion. Learn more.

• Japan issues 'megaquake' warning: The Japanese government has warned of catastrophic economic damage and nearly 300,000 deaths when the next "megaquake" hits the archipelagic nation, according to a new estimation released on Monday.

• 'Batman Forever' star Val Kilmer passes away: Beloved actor Val Kilmer has sadly passed away at 65 years old. Mercedes Kilmer, his daughter, told The New York Times that he passed away from pneumonia on Tuesday, April 1.

• Cory Booker breaks Senate speech record: Cory Booker has made history, delivering the longest speech ever recorded on the Senate floor, a 25-hour marathon addressing the Trump administration. Know more about his speech.

• Millions of Social Security records changed: Elon Musk's Department of Government Efficiency announced on Monday that almost 10 million Social Security records have now been updated. Find out the changes here.

• JD Vance defiant: Vice President JD Vance has reacted defiantly to news that a government department deported a man in "error," commenting that it was "gross to get fired up" about the case. Read his reaction.

• Houthi video shows wreckage of US drone: The Iranian-backed Yemeni Houthis have released video footage showing what they say is the wreckage of an American MQ-9 Reaper drone they claim to have shot down. See the video.

The rundown: U.S. President Donald Trump is expected to unveil new tariffs—taxes on imports—later today on what he has dubbed "Liberation Day." Follow the latest updates.

Why it matters: "Liberation Day," as used by Trump, is not a formal policy proposal but a label for what the president claims is necessary to cut economic "exploitation" of the U.S. by foreign powers. Trump is set to speak at 4 p.m. ET. when he is expected to announce his plans for "reciprocal tariffs" on American trading partners, White House press secretary Karoline Leavitt said on Monday. America's trading partners, and rivals, expect to learn details about what that looks like later. Trump recently announced 25 percent tariffs on foreign-made vehicles. As previously reported by Newsweek, the move is scheduled to take hold at midnight on Thursday, with the duties on certain car parts coming into effect no later than May 3.

Read more in-depth coverage:
Trump Tariffs: Which Countries Will Be Hit on Deadline Day?

TL/DR: Trump has made a host of on-again, off-again tariff threats since he returned to the Oval Office in January. "Tariff," he has said "is the most beautiful word in the dictionary."

What happens now? The 25 percent tariffs on automobiles made outside the U.S. have the potential to impact consumer prices, international trade relationships, and global supply chains in the auto industry, according to experts.

Deeper reading Liberation Day Live Updates: Donald Trump To Announce Major Tariffs Today

The rundown: Gay Valimont has flipped Florida's Escambia County, which strongly backed President Trump in the 2024 election. Get more details.

Why it matters: Valimont, a Democrat, lost the special election for Florida's 1st Congressional District on Tuesday night to the Trump-endorsed Republican candidate, Jimmy Patronis. But in Escambia, Valimont leads Patronis by 3 points, with more than 95 percent of votes counted. In the 2024 presidential election, Trump won Escambia by 19 points on a higher voter turnout. Patronis dominated votes in three of the four counties that make up the 1st district. Valimont's campaign heavily outraised Patronis going into Tuesday's election. The Democrat brought in nearly $6.4 million from January 9 to March 12, well surpassing the Republican's $1.1 million during the same period.  Elsewhere on Tuesday, Republican State Senator Randy Fine defeated Democrat Josh Weil in a special election for Florida's 6th district, another GOP stronghold.

Read more in-depth coverage:
Trump Reacts To Florida Special Election Results

TL/DR: Despite both Democratic candidates losing their special elections in Florida on Tuesday, the party has suggested that improving on November 2024 results in the strong GOP-friendly areas would suggest they are on track to retake control of the House in the 2026 midterms.

What happens now? Patronis and Fine will now be sworn into office, increasing the GOP's majority in the House to 220 to 213.

Deeper reading Democrat Flips Florida County That Donald Trump Won by 19 Points

The rundown: Baby Boomers are not only dominating the U.S. housing market in terms of homeownership, but this year, they have also reclaimed the title of the largest demographic of homebuyers, according to a new report. Find out why.

Why it matters: The National Association of Realtors's (NAR) "2025 Home Buyers and Sellers Generational Trends Report" found that millennials have fallen significantly from the top position they held last year, which has now been regained by the older generation. That is happening despite the fact that millennials—born between 1980 and 1998—are in a crucial time of their life during which they are likely to be settling in their careers, buying homes, and forming their own families. This year, baby boomers—those born between 1946 and 1964—represent 42 percent of buyers in the market, against only 24 percent of Gen Xers, 29 percent of millennials and only 3 percent of Gen Zers, according to the NAR report.

Read more in-depth coverage:
Texas and Florida Homes Are Selling Below Asking Price

TL/DR: The ongoing housing affordability crisis in the U.S. is likely to impact the younger generations of homebuyers harder than the older ones.

What happens now? High rental costs, credit card debt and student loans, according to NAR, are weighing heavily on aspiring millennial homebuyers. Forty-three percent of younger millennials said they have student loan debt with a median loan balance of $30,000, the report found, compared to 29 percent of older millennials with a median of $35,000.

Deeper reading Boomers Are Buying More Homes Than Any Other Generation

The rundown: U.S. legislation that would slap hefty tariffs on key Russia's exports—if Moscow does not agree to a peace deal with Kyiv—is a "significant step" to ending Vladimir Putin's brutality, the non-profit Razom for Ukraine has told Newsweek.

Why it matters: Sens. Lindsey Graham (R-S.C.) and Richard Blumenthal (D-Conn.) are the lead sponsors of the bipartisan bill which would impose primary and secondary sanctions against Russia and entities supporting Putin's aggression if Moscow does not engage in peace talks or undermines Ukraine's sovereignty. A group of 50 Democratic and Republican lawmakers backed the draft legislation which also seeks to impose a 500 percent tariff on imported goods from countries buying Russian oil, gas, uranium. The senators said in a press release that the sanctions were hard hitting because "the dominating view" in the U.S. Senate is that Russia is the aggressor in Ukraine.

Read more in-depth coverage:
US Rejects Putin's Proposal for Third Party Control of Ukraine

TL/DR: Senators who signed the bill also expressed their annoyance at Putin over stalled peace efforts in their statement.

What happens now? The House version of the legislation is also being introduced with the support of both Republicans and Democrats, which will add pressure on Putin. Meanwhile, the Trump administration is likely to continue its push for a deal with Russia in the coming weeks.

Deeper reading Russia Could Face 500% Uranium, Oil Tariffs Under GOP-Backed Proposal

The rundown: Elon Musk's heavy investment in the Wisconsin Supreme Court election failed to pay off, with Democratic-backed Susan Crawford winning the seat that decides control of the judiciary. Here's a breakdown of how much he spent.

Why it matters: Musk spent $22 million directly supporting Schimel, via donations from America PAC, which he originally founded in 2024 to support President Trump, according to reports from CNN. In addition to this, Musk funded a series of giveaways, also run through America PAC, for a petition that called on voters to reject "activist judges", language that Musk has repeatedly use to describe liberals in the judiciary. Voters who signed the petition were offered $100, with three participants being offered checks worth $1 million. This means that overall, Musk spent at least $25 million on the election, with the exact total likely to be higher once petition costs are fully paid.

Read more in-depth coverage:
Elon Musk Reacts To Losing Wisconsin Supreme Court Election

TL/DR: It is one of the first major elections to take place since Trump, and Musk, came to power, making the contest a referendum on their ability to influence down-ballot elections.

What happens now? The Wisconsin Supreme Court will continue to have a 4-3 liberal majority as it considers critical issues, with legislation on abortion, redistricting, and unions all heading to the judiciary in the coming years.

Deeper reading Elon Musk Wasted $25M on Wisconsin Supreme Court Election Failure