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Biden takes aim at oligarchs and extreme wealth in farewell address

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Biden takes aim at oligarchs and extreme wealth in farewell address

US President Joe Biden said ‘powerful forces’ threatened to undo his climate policies as Trump prepares to take office.

United States President Joe Biden has used his final formal address as president to warn of the dangers of “oligarchy” and “extreme wealth” to democracy, as President-elect Donald Trump prepares to begin his second term with an administration stacked with billionaires.

“Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead,” Biden said in the televised address from the Oval Office in the White House on Wednesday night.

Biden’s speech comes five days before Trump’s inauguration on January 20 and mere hours after Israel and Hamas announced they had agreed to a ceasefire in Gaza, an outcome that appeared to evade the Biden administration for months despite widespread opposition to the war among many Americans.

In his speech, Biden warned of “a dangerous concentration of power in the hands of a few ultra-wealthy people” and “dangerous consequences if their abuse of power is left unchecked”.

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President-elect Trump’s incoming administration has at least 11 billionaires holding official positions, according to the Democratic Party. They include the world’s richest man, billionaire Elon Musk, who Trump has said will co-lead the so-called Department of Government Efficiency.

Biden also warned that “powerful forces” threatened to undo his climate achievements, as unprecedented wildfires burn in Los Angeles, the second-largest city in the US.

Biden began his speech by briefly referring to the newly announced ceasefire deal between Israel and Hamas in the Gaza Strip, which Israeli Prime Minister Benjamin Netanyahu has partly attributed to Trump.

“After eight months of nonstop negotiation by my administration, a ceasefire and a hostage deal has been reached by Israel and Hamas,” Biden said.

Biden added that while his team had negotiated the deal, he had told them to keep the “incoming administration fully informed” since it would be “largely implemented” by them.

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While claiming the ceasefire as an achievement of his presidency, many voters in the 2024 presidential elections said they were unable to support the Democratic Party due to Biden’s dogged support for Israel’s war on the Gaza Strip.

Biden, 82, dropped out of contention for a second term in office after voters and his own party raised concerns over this performance in the first presidential election debate against then-Republican candidate Donald Trump, with Biden’s vice president, Kamala Harris, going on to contest the presidency and then losing to Trump.

Biden has used his final days in office to introduce a sweeping ban on offshore oil and natural gas drilling covering more than 625 million acres (253 million hectares) including the “entire US East Coast, the eastern Gulf of Mexico” and parts of the “Northern Bering Sea in Alaska”.

This has been seen as an apparent move to preempt Trump’s promise to “drill, baby drill” for oil “on day one” of his second term.

Biden said in his farewell address that “it will take time to feel the impact of all we’ve done together, but the seeds are planted, and they’ll grow, and they’ll bloom for decades to come”.

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Zelenskyy offers cutting-edge drone defense to Gulf allies as Ukraine seeks missile support

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Zelenskyy offers cutting-edge drone defense to Gulf allies as Ukraine seeks missile support

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Ukrainian President Volodymyr Zelenskyy is turning battlefield innovation into bargaining power, offering Ukraine’s anti-drone systems to Middle Eastern allies, while seeking more air-defense support as the war with Russia drags into its fourth year.

Zelenskyy met Friday in Abu Dhabi with United Arab Emirates (UAE) President Mohammed bin Zayed Al Nahyan, and the two discussed an agreement by which Ukraine would provide its cutting-edge counter-drone technology in exchange for ballistic missile support and financial aid.

In a wide-ranging interview with Fox News after the meeting, Zelenskyy detailed how Ukraine’s battlefield innovations, namely its anti-Russian drone systems, are influencing defense partnerships worldwide.

ZELENSKYY ANNOUNCES NEXT ROUND OF TALKS WITH US, RUSSIA AS UKRAINE AIMS FOR ‘REAL AND DIGNIFIED END TO THE WAR

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In a wide-ranging interview with Fox News, Ukrainian President Volodymyr Zelenskyy detailed how Ukraine’s battlefield innovations are influencing defense partnerships worldwide. (Fox News)

“We have, for example, drone interceptors. We have [a] system of electronic warfare and a lot of things. All these jointly work in one system. This is what we have [that] nobody has,” Zelenskyy told Fox News correspondent Matt Finn in Abu Dhabi.

Ukraine is now sharing elements of that system with at least four Persian Gulf nations — the UAE, Qatar, Jordan and Saudi Arabia — as they confront growing threats from Iran’s drone capabilities.

But Zelenskyy emphasized the partnership must be reciprocal. Ukraine continues to face a “big deficit” of critical air defense weapons, particularly PAC-3 Patriot missiles used to intercept ballistic threats.

“We are ready to help Middle East countries with our expertise and with our knowledge, and we hope … that they can help with anti-ballistic missiles,” Zelenskyy said.

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Ukraine has already signed 10-year defense agreements with Saudi Arabia and Qatar, with a similar deal with the UAE expected soon, according to the AP.

TRUMP MEETS WITH ZELENSKYY; TALKS COULD UNLOCK FIRST ZELENSKYY-PUTIN CALL IN FIVE YEARS: SOURCE

A plume of smoke rises from the site of a strike in Tehran early on March 28, 2026. (Atta Kenare/AFP via Getty Images)

Zelenskyy also warned that increasing U.S. military focus on the Middle East amid escalating tensions with Iran and the ongoing “Operation Epic Fury” could slow the flow of weapons to Ukraine.

He claimed Russia is already strengthening Iran’s military by sharing drone technology, including Shahed “kamikaze” drones, as well as battlefield tactics developed during the war.

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“Russia will share all they know about this war. … They’re already sharing with Iranians,” Zelenskyy said. 

While he stopped short of confirming missile transfers, Zelenskyy suggested Moscow has a strategic interest in prolonging instability in the Middle East to divert U.S. attention away from Ukraine.

“This is what they do,” Zelenskyy said.

On the battlefield, Zelenskyy reiterated that Ukraine will not cede territory in the contested Donbas region, arguing it would weaken defenses, damage troop morale and displace tens of thousands of civilians.

“I think their morale will decrease,” Zelenskyy said.

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He also urged the Trump administration not to lose sight of Ukraine while addressing Middle East tensions.

AS UKRAINE WAR DRAGS ON, TRUMP HITS PUTIN BY SQUEEZING RUSSIA’S PROXIES

Destroyed homes after a Russian drone attack March 28 in Odesa, Ukraine.  (Viacheslav Onyshchenko/Global Images Ukraine via Getty Images)

More than 270 Russian drones struck Ukraine overnight Friday, leaving at least five people dead, Ukrainian officials said Saturday, according to AP.

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“I hope that President Trump … will find a way to end this war with pressure on the Iranian regime, and I hope that also they will not forget about … the war of Russia against Ukraine,” Zelenskyy said.

The Associated Press contributed to this report.

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The EU's recipe for trade deals : easy on beef, tough on wine

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Within weeks, the European Commission has wrapped up deals with Mercosur, India and Australia. Yet despite the backlash over the Latin America agreement, Brussels is sticking to a familiar playbook: offensive on wine and cars, defensive on beef.

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Secret Service Agent Assigned to Jill Biden Shoots Self in Leg

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Secret Service Agent Assigned to Jill Biden Shoots Self in Leg

A U.S. Secret Service agent assigned to former First Lady Jill Biden accidentally shot himself in the leg early on Friday near Philadelphia International Airport, according to a source familiar with the incident.

In a statement that did not mention Biden, the Secret Service said the incident occurred just after 8:30 a.m. EST and the agent suffered a non-life-threatening injury.

“There was no impact to the protectee’s movement and they were not present at the time of the incident,” the statement said.

The agent “accidentally discharged his firearm” while traveling in an unmarked SUV near the airport, Philadelphia Police Department Cpl. Jasmine Colón-Reilly said in a statement.

Emergency medical personnel responded to the scene and the agent was transported to Penn Presbyterian Medical Center in stable condition, Colón-Reilly said.

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“The Secret Service’s Office of Professional Responsibility will be reviewing the facts and circumstances of this incident,” the Secret Service said.

The Secret Service is responsible for providing security to current and former presidents, vice presidents and their families and foreign leaders and is also an investigative agency.

(Reporting by Christian Martinez in Los Angeles; editing by Scott Malone and Chris Reese)

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