Business
Sen. John Kennedy slams FCC over hurried approval of Soros massive radio station takeover
From LifeSiteNews
U.S. Sen. John Kennedy took to the Senate floor Tuesday to renew questions about the Biden Federal Communications Commission’s approval of a deal for far-left activist financier George Soros to acquire more than 200 stations at once
Republican U.S. Sen. John Kennedy of Louisiana took to the Senate floor Tuesday to renew questions about the Biden Federal Communications Commission’s (FCC’s) approval of a deal for far-left activist financier George Soros to acquire more than 200 stations at once, declaring something “weird” expedited the review.
In February 2024, Soros purchased $400 million of debt for Audacy, the second largest radio station owner (behind iHeartMedia) in the nation. Soros invested in the company after it filed for bankruptcy the month before with nearly $2 billion in debts. The investment comes with a yield of 50 cents on the dollar after the company emerges from bankruptcy, pending approval by a bankruptcy court of the company’s restructuring plan. Audacy stations carry the top names in conservative punditry, including Sean Hannity, Dana Loesch, Ben Shapiro, Mark Levin, Glenn Beck, and Erick Erickson.
In September, FCC Commissioner Brendan Carr testified before the House Oversight Committee that “the FCC is not following its normal process for reviewing transactions that it has established over a number of years. It seems to me the FCC is poised, for the first time, to create an entirely new shortcut.”
The New York Post added at the time that Carr told them “the Democrats in FCC leadership cut a secret, backroom deal – one that kept the Republican FCC Commissioners and perhaps others completely in the dark – and then hustled it out the door on a Friday afternoon” in a 3-2 party-line vote. The FCC approved the deal in October, with congressional Republicans vowing to investigate.
Speaking on the Senate floor, Kennedy began by recalling former President Joe Biden’s Farewell Address warning that “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.”
Kennedy said he did not know which “oligarchs” Biden had in mind, but that Soros fit the description. He went on to detail how Soros took advantage of Audacy filing for Chapter 11 bankruptcy and became the majority shareholder, which triggered an FCC review process.
Approval of the deal, he said in his trademark style, “went through the FCC like green grass through a goose,” and Democrat commissioners “short-circuited” the normal review process.
“I’m not an FCC expert. I’m not a communications law expert,” Kennedy said. “But I’ve read, this has been widely reported and I’ve read about it in many reports. Normally on a deal of this size, when 220 radio stations are being transferred, their licenses, using airwaves that belong to the American people, and there’s a substantial percentage of foreign owners, it would take about a year to get through the FCC. FCC would do a complete investigation. Not this time! Noooo. This time was special.”
“Pass me the sick bucket,” Kennedy said after reviewing past commentary by Carr and others about the deal. “This isn’t right! But they did it. Now, this is America. You’re entitled to believe what you want. If it’s legal, you’re entitled to do what you want. And Mr. Soros is certainly entitled to his opinion. He is. I don’t agree with him, but he is certainly entitled to it in America. I’m not much into this cancel culture. And hopefully we’ve seen the end of it.”
“But when you’re acquiring radio licenses which can influence public opinion, and you’re doing it in part, not exclusively but in part, with foreign money, well, that’s why we have the FCC,” he went on. “They’re entitled to their opinion, but my people in Louisiana are entitled to know whose opinion they’re hearing on the radio. And this has not been reported once in Louisiana.”
“I am not saying it wasn’t done legally,” Kennedy concluded. “I am saying it looks funny. Not funny ha-ha. It looks weird the way this was done. It has the aroma of politics. And I hope the new FCC revisits this issue.”
Soros’ takeover of so many stations is alarming as the latest display of his willingness to use his vast wealth to influence American politics. A small sampling of the causes the billionaire has financed includes promoting legal abortion-on-demand worldwide under the guise of “reproductive health care;” supporting the election of district attorneys friendly to his politics in localities across the United States; pushing a “racial justice” agenda, including the narrative that America is systemically racist and promoting policies such as reparations for slavery; subsidizing “fact-checking” enterprises that attempt to discredit conservative media outlets under false pretenses, and funding Democrat political candidates.
In 2023, local news outlet Maine Public reported that the Soros-backed National Trust had gained control of Maine’s largest network of newspapers, acquiring five daily papers and 17 weekly publications. The National Trust received funding from Soros’ Open Society Foundation and left-wing Swiss billionaire Hansjörg Wyss for the purchase of the media network.
Carr, who has since been appointed FCC chairman by President Donald Trump, is expected to investigate the deal.
Business
Bill Gates Gets Mugged By Reality

From the Daily Caller News Foundation
You’ve probably heard by now the blockbuster news that Microsoft founder Bill Gates, one of the richest people to ever walk the planet, has had a change of heart on climate change.
For several decades Gates poured billions of dollars into the climate industrial complex.
Some conservatives have sniffed that Bill Gates has shifted his position on climate change because he and Microsoft have invested heavily in energy intensive data centers.
AI and robotics will triple our electric power needs over the next 15 years. And you can’t get that from windmills.
What Bill Gates has done is courageous and praiseworthy. It’s not many people of his stature that will admit that they were wrong. Al Gore certainly hasn’t. My wife says I never do.
Although I’ve only once met Bill Gates, I’ve read his latest statements on global warming. He still endorses the need for communal action (which won’t work), but he has sensibly disassociated himself from the increasingly radical and economically destructive dictates from the green movement. For that, the left has tossed him out of their tent as a “traitor.”
I wish to highlight several critical insights that should be the starting point for constructive debate that every clear-minded thinker on either side of the issue should embrace.
(1) It’s time to put human welfare at the center of our climate policies. This includes improving agriculture and health in poor countries.
(2) Countries should be encouraged to grow their economies even if that means a reliance on fossil fuels like natural gas. Economic growth is essential to human progress.
(3) Although climate change will hurt poor people, for the vast majority of them it will not be the only or even the biggest threat to their lives and welfare. The biggest problems are poverty and disease.
I would add to these wise declarations two inconvenient truths: First: the solution to changing temperatures and weather patterns is technological progress. A far fewer percentage of people die of severe weather events today than 50 or 100 or 1,000 years ago.
Second, energy is the master resource and to deny people reliable and affordable energy is to keep them poor and vulnerable – and this is inhumane.
If Bill Gates were to start directing even a small fraction of his foundation funds to ensuring everyone on the planet has access to electric power and safe drinking water, it would do more for humanity than all of the hundreds of billions that governments and foundations have devoted to climate programs that have failed to change the globe’s temperature.
Stephen Moore is a co-founder of Unleash Prosperity and a former Trump senior economic advisor.
Automotive
Elon Musk Poised To Become World’s First Trillionaire After Shareholder Vote

From the Daily Caller News Foundation
At Tesla’s Austin headquarters, investors backed Musk’s 12-step plan that ties his potential trillion-dollar payout to a series of aggressive financial and operational milestones, including raising the company’s valuation from roughly $1.4 trillion to $8.5 trillion and selling one million humanoid robots within a decade. Musk hailed the outcome as a turning point for Tesla’s future.
“What we’re about to embark upon is not merely a new chapter of the future of Tesla but a whole new book,” Musk said, as The New York Times reported.
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The decision cements investor confidence in Musk’s “moonshot” management style and reinforces the belief that Tesla’s success depends heavily on its founder and his leadership.
Tesla Annual meeting starting now
https://t.co/j1KHf3k6ch— Elon Musk (@elonmusk) November 6, 2025
“Those who claim the plan is ‘too large’ ignore the scale of ambition that has historically defined Tesla’s trajectory,” the Florida State Board of Administration said in a securities filing describing why it voted for Mr. Musk’s pay plan. “A company that went from near bankruptcy to global leadership in E.V.s and clean energy under similar frameworks has earned the right to use incentive models that reward moonshot performance.”
Investors like Ark Invest CEO Cathie Wood defended Tesla’s decision, saying the plan aligns shareholder rewards with company performance.
“I do not understand why investors are voting against Elon’s pay package when they and their clients would benefit enormously if he and his incredible team meet such high goals,” Wood wrote on X.
Norway’s sovereign wealth fund, Norges Bank Investment Management — one of Tesla’s largest shareholders — broke ranks, however, and voted against the pay plan, saying that the package was excessive.
“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk,” the firm said.
The vote comes months after Musk wrapped up his short-lived government role under President Donald Trump. In February, Musk and his Department of Government Efficiency (DOGE) team sparked a firestorm when they announced plans to eliminate the U.S. Agency for International Development, drawing backlash from Democrats and prompting protests targeting Musk and his companies, including Tesla.
Back in May, Musk announced that his “scheduled time” leading DOGE had ended.
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