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Trump lands endorsement of top investor who hosted $12 million San Francisco fundraiser for former president

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Trump lands endorsement of top investor who hosted  million San Francisco fundraiser for former president

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Former President Trump’s stop in the blue bastion of San Francisco turned out to be fruitful in more than one way.

Not only did the presumptive Republican presidential nominee haul in roughly $12 million at a fundraiser on Thursday evening, he also officially landed the endorsement of a major tech investor.

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The fundraiser was hosted by David Sacks and Chamath Palihapitiya, two of the heaviest hitters in Silicon Valley and co-hosts of the hot “All-In” podcast.

And it was held at Sacks’ multimillion-dollar home in the tony Pacific Heights neighborhood of San Francisco.

TRUMP HEADS TO BLUE BASTION TO RAISE CAMPAIGN CASH

Tickets at the sold-out event ranged from $50,000 per person to get in the door all the way up to $500,000 per couple for special access and a photo with Trump.

A couple of hours before the fundraiser, Sacks took to social media to formally endorse Trump.

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“I give to many, but endorse few. But today I am giving my endorsement to our 45th President, Donald J. Trump, to be our 47th President. My reasons rest on four main issues that I think are vital to American prosperity, security, and stability – issues where the Biden administration has veered badly off course and where I believe President Trump can lead us back,” Sacks wrote on X.

THIS IS HOW MUCH A TOP PRO-TRUMP SUPER PAC HAULED IN LAST MONTH

Sacks said that “the voters have experienced four years of President Trump and four years of President Biden. In tech, we call this an A/B test.”

“With respect to economic policy, foreign policy, border policy, and legal fairness, Trump performed better. He is the President who deserves a second term,” he argued.

According to sources familiar with the fundraising dinner on Thursday, Sacks reiterated his praise for Trump and explained why he’s supporting the presumptive GOP nominee in his 2024 election rematch with President Biden.

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While his official endorsement came on Thursday, Sacks first signaled his support for Trump during a March meeting that he had with Sen. JD Vance, R-Ohio, and Donald Trump Jr., the former president’s eldest son, in Washington, D.C.

The impromptu meeting at the Conrad Hotel, held hours after Trump clinched the 2024 GOP presidential nomination, was first reported by The New York Times and confirmed by Fox News. It was at that meeting that Sacks indicated he was all-in for Trump’s 2024 presidential campaign.

TRUMP GUILTY VERDICT IN CRIMINAL TRIAL FIRES UP HIS FUNDRAISING 

Vance, who is a Trump ally and a potential 2024 running mate who is close to Trump Jr., spent time a few years back in the San Francisco area working for hedge funds in the tech sector. Sources say he was instrumental in putting the top-dollar fundraiser together.

According to sources, Sacks said at the fundraiser that “this all started with JD Vance calling and asking if we could host an event for President Trump. Without JD’s advice and encouragement, this would never have happened.”

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Trump heads south to Beverly Hills for a Friday fundraiser and a Saturday finance event in Newport Beach in Orange County.

President Donald Trump speaks at a campaign rally at HoverTech International, Monday, Oct. 26, 2020, in Allentown, Pa. (AP Photo/Alex Brandon) (AP)

The trip doesn’t mean the Trump campaign thinks overwhelmingly blue California may be in play. 

Instead, Trump’s appearances — like those of two sold-out fundraisers in the Bay Area on Wednesday headlined by Vice President Harris and President Biden’s San Francisco area fundraisers last month — are the latest proof that the Golden State remains a crucial ATM for campaign cash.

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Trump’s campaign on Monday said it and the Republican National Committee (RNC), fueled in part by the former president’s guilty verdicts in his criminal trial, hauled in a stunning $141 million in fundraising in May.

Trump was found guilty of all 34 felony counts in the first trial of a former or current president in the nation’s history.

The former president’s campaign highlighted that in the first 24 hours following last week’s verdict, it and the RNC brought in nearly $53 million in fundraising, which counted toward May’s total. 

President Biden speaks during a campaign event in Philadelphia on May 29. (Mandel Ngan/AFP via Getty Images)

The Biden campaign has also been fundraising off of the Trump verdict, and a source familiar told Fox News that “the 24 hours after the verdict were one of the best fundraising 24 hours of the Biden campaign since launch.”

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Trump has been aiming to close his fundraising gap with Biden. In April, his campaign and the RNC for the first time outraised the Biden campaign and the Democratic National Committee. 

Fundraising, along with public opinion polling, is a key metric used to measure the strength of candidates and their campaigns. Money raised can be used to build up grassroots outreach and get-out-the-vote operations, staffing, travel and ads, among other things.

Fox News’ Chris Pandolfo contributed to this report

Get the latest updates from the 2024 campaign trail, exclusive interviews and more at our Fox News Digital election hub.

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Alaska

Lavrov Challenges Rubio: Kremlin Says Trump-Putin Reached Deal as Moscow Questions Washington’s Neutrality

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Lavrov Challenges Rubio: Kremlin Says Trump-Putin Reached Deal as Moscow Questions Washington’s Neutrality


The Kremlin has pushed back against US claims that no agreement was reached between US President Donald Trump and Russian leader Vladimir Putin during the August 2025 Anchorage summit in Alaska.

Russian Foreign Minister Sergey Lavrov said Washington presented proposals to settle the war in Ukraine during the talks and that Moscow accepted them.

Lavrov was responding to US Secretary of State Marco Rubio, who has publicly rejected Russian claims that Washington and Moscow reached an agreement on Ukraine during the Alaska summit, saying no deal was ever finalized.

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As reported by DRM News, Rubio said the summit produced only a proposal, not a binding agreement.

He added that the US remains ready to play a constructive role in bringing the parties together and helping end the war, but stressed that while proposals were discussed in Alaska, “there was no agreement.”

Lavrov struck back by calling the response “not very elegant.”

“When my colleague says that in Alaska there were only proposals and no agreement, I wonder what we mean by agreement,” Lavrov said.

“If one side, in this case the US, put proposals on the table, and the other side expressed agreement, then saying there was no agreement is somehow not very elegant,” he added.

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According to Lavrov, White House Special Envoy Steve Witkoff visited Moscow days before the summit and delivered the same US settlement plan.

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“Already in Anchorage, when the two presidents sat down for talks, Putin began listing the American proposals point by point. After each point, in the presence of Trump and Rubio, he asked Witkoff whether he had correctly described the ideas brought to Moscow. Witkoff answered affirmatively to each question,” Lavrov said.

He called for clarification from Washington, adding that recent US statements about playing a constructive role in ending the war sounded like an attempt to position itself as a mediator.

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Previous claims

In early June, Lavrov claimed Russia had accepted what he described as US proposals presented at the Alaska summit.

Lavrov alleged that Washington initially acted as a mediator but later stepped back from the process after failing to pressure Ukraine to accept the proposed terms.

This week, he also suggested that the Alaska summit may have been used to “buy time” for Ukraine to rearm itself, further arguing that Russia no longer views the West as a credible broker amid sanctions pressure.

Russian presidential aide Yuri Ushakov also said Moscow remained committed to implementing the understandings reached in Alaska, while accusing Washington of “apparently [failing] to complete its part of the process.”

Kremlin spokesman Dmitry Peskov argued that Washington cannot be considered fully neutral in the war because of its military support for Ukraine.

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“If we’re talking about absolute neutrality, then, of course, the term is probably inapplicable, because the United States supplies the majority of weapons to Ukraine and provides other forms of assistance,” Peskov said.

At the same time, he said Moscow highly values Washington’s willingness to help resolve the war, as well as its influence over European allies and Kyiv.

Peskov also dismissed remarks by French President Emmanuel Macron, who recently said at the G7 Summit that Washington had abandoned neutrality and was now openly backing Ukraine’s territorial integrity, continued aid, and sanctions against Russia.

“Regarding President Macron’s statements, it is difficult to judge. I don’t think President Macron can in any way claim to be Washington’s lawyer or press secretary,” Peskov added.



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Arizona

Central Arizona is home to the ‘World’s Oldest Rodeo.’ Here’s what to see and do there

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Central Arizona is home to the ‘World’s Oldest Rodeo.’ Here’s what to see and do there


PRESCOTT, AZ (AZFamily) — Beautiful Prescott, Arizona, is home to the “World’s Oldest Rodeo,” and on this Field Trip Friday, we’re getting a look at what to expect when it opens next week!

Scott Pasmore and Gibby Parra went to check out the Prescott Frontier Days event that attracts thousands every year. There’s a wild horse race, barrel racing and bull riding — and that’s just the beginning of what you can see!

Rodeo Royalty

No rodeo is complete without Rodeo Royalty, or experienced horsewomen who help keep the sport alive. Scott and Gibby introduce you to the rodeo queens of the “World’s Oldest Rodeo.”

Anna Butler was named the 2026 Prescott Frontier Days rodeo queen, Ava Brooks was named the 2027 rodeo queen, and Ellie Weeks was named the 2027 junior queen.

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Granite Mountain Distillery

Granite Mountain Distillery opened in 2025 and welcomes customers on Friday, Saturday and Sunday.

The distillery has a limited edition whiskey bottle made specially for the “World’s Oldest Rodeo.”

Master Distiller Chris Currie said the quality barrels that the distillery uses allow for the whiskey to be of such high quality.

There were only 1,888 rodeo edition bottles made. Each bottle has its own unique number to authenticity.

Red White and Brew

No one is more excited about the rodeo returning to town than all the local businesses in Prescott.

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Summer is one of their busiest times of the year. It’s when many Arizona families head north from the Valley to escape the heat or to attend one of the many summer events in the historic town.

Scott and Gibby stopped by Red White and Brew to see what they’re cooking up this time of year.

“Frontier Days in Prescott is huge,” said Jennifer Collinge, general manager at Red White and Brew in Prescott. “It draws people in from all over the state, all over the country, come and visit us. We have a giant Fourth of July parade that is, I think, one of the biggest in the state. It’s just a week-long of festivities and fun; you don’t have to be involved in rodeo to enjoy it.”

If you want to go the extra mile, 20% of all sales made at Red White and Brew on Tuesday, June 30, will be donated to the Eric Marsh Foundation for Wildland Firefighters.

Whiskey River Tavern

Scott and Gibby spoke with former Prescott Mayor Greg Mengarelli about the exciting times ahead for the city.

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“It’s going to be a great celebration,” Mengarelli said. “We’re already very patriotic at the rodeo, but America 250 is just up another level. It’s going to be an awesome celebration, and I hope everybody comes up to see us at the rodeo and the parade.”

He said Frontier Days is sold out, as has been the case over the past several years, and 17 foreign countries will be represented.

Check out our previous Field Trip Friday segments here.

See a spelling or grammatical error in our story? Please click here to report it.

Do you have a photo or video of a breaking news story? Send it to us here with a brief description.

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Copyright 2026 KTVK/KPHO. All rights reserved.



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California

Newsom urges a national ‘billionaires’ tax’ while fighting one in California

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Newsom urges a national ‘billionaires’ tax’ while fighting one in California


California Gov. Gavin Newsom, a Democrat who is considering a run for president as he approaches the end of his term, called for a national “billionaires’ tax” on Friday even as he fights another proposal targeting the wealthy in his home state.

Newsom also said the U.S. government should own a stake in artificial intelligence companies. His proposals, outlined in a Substack post, aligns him with the Democratic Party’s populist left, and he argued that urgent changes are needed to prevent the elite concentration of wealth and power from undermining democracy.

“It’s time for an economic reset for America,” Newsom wrote.

The governor announced his agenda a day after an influential health care union in California pledged to go forward with a ballot measure that would impose a one-time 5% tax on the assets of billionaires living in the state as of Jan. 1, 2026.

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Newsom opposes that measure, as do many of the liberal interest groups that typically favor higher taxes. They fear it would drive billionaires out of California, eroding the state’s tax base over the long term for a one-time influx of cash. A technology mecca, California has more billionaires than any other state — a few hundred, by some estimates.

“You may not be able to pick up and move to Texas or Florida to shelter your income from taxation, but I promise you that billionaires can, and do,” Newsom wrote. “Wealth is movable, and it shops for the state with the lowest taxes. The fight belongs at the federal level, where this broken system was created in the first place.”

A minimum tax on large net worths

Newsom said the solution is a new national tax policy, rather than a state-by-state system. He proposed a minimum tax on anyone with a net worth above $100 million. He also wants to make it illegal for the wealthy to borrow against their stock portfolios to fund their luxury lifestyles tax free.

Newsom said there should be new rules for inheritance taxes, warning that “the transfer of wealth among the ultra-wealthy will lock in a permanent American aristocracy of inherited wealth.” And he wants to raise corporate tax rates to where they were before President Donald Trump’s first-term tax cut.

READ MORE: Sanders and Newsom clash over proposed tax on California’s billionaires

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The need is especially urgent as artificial intelligence threatens to displace workers and further concentrate wealth, he wrote.

“We need to ensure every American owns a stake in the future being built by AI through a national public equity fund that takes a major stake in the new economy,” he wrote. “Simply, as artificial intelligence reshapes the country, every American should own a piece of the future it builds.”

Revenue generated by his proposals could be used to retrain workers, fund universal child care, make college free and increase funding for health care.

‘Money buys influence’

Newsom, who has drawn attention as one of Trump’s most high-profile political antagonists, is getting an early start on laying out a policy framework for his potential White House bid months before the midterm elections, which have typically marked the informal start of overt presidential campaigning.

WATCH: News Wrap: Newsom says Trump ordering DOJ to investigate him and wife

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The embrace of a wealth tax by Newsom, a moderate on tax policy despite his liberal reputation, signals a notable shift in the political landscape since Massachusetts Sen. Elizabeth Warren struggled to get traction in her 2020 campaign, which she largely centered around a 2% levy wealth tax.

Newsom portrayed the nation’s tax code as a corrupt system built to help an elite few.

“Money buys influence, and influence rewrites the rules,” he wrote. “Those rewritten rules funnel even more wealth to the few. Under this weight, democracy itself starts to buckle.”

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