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US and Ukraine sign critical minerals deal after months of tense negotiations

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The United States and Ukraine have signed an “economic partnership agreement” that will give Washington access to Kyiv’s mineral resources in exchange for establishing an investment fund in Ukraine.

The US and Ukraine have been trying to hammer out the natural resources deal since US President Donald Trump returned to the White House in January.

Compared to earlier drafts, the final agreement is reportedly less lopsided in favor of the US and is not as far-reaching. It stipulates that future American military assistance to Ukraine will count as part of the US investment into the fund, rather than calling for reimbursement for past assistance.

The deal comes after weeks of intense negotiations that at times turned bitter and temporarily derailed Washington’s aid to Ukraine.

Speaking Wednesday in a call with NewsNation, Trump said he made the deal to “protect” Washington’s contribution to the Ukrainian war effort. “We made a deal today where we get, you know, much more in theory, than the $350 billion but I wanted to be protected,” Trump said. “I didn’t want to be out there and look foolish.”

Trump has falsely claimed that the US has given Ukraine $350 billion since Russia fully invaded its neighbor in February 2022. The actual figure is around $120 billion, according to the Kiel Institute for the World Economy.

The US president said he told his Ukrainian counterpart Volodymyr Zelensky during their weekend meeting on the sidelines of Pope Francis’ funeral that “it’s a very good thing” if he signed the deal because “Russia is much bigger and much stronger.”

Among the terms of the agreement are “full ownership and control” of the resources staying with Ukraine, according to Kyiv’s Economy Minister Yulia Svyrydenko, who went to Washington to sign on behalf of the Ukrainian government.

“All resources on our territory and in territorial waters belong to Ukraine,” she said, adding: “It is the Ukrainian state that determines what and where to extract. Subsoil remains under Ukrainian ownership – this is clearly established in the Agreement.”

The signing comes hours after a last-minute disagreement over which documents to sign Wednesday threatened to derail the deal.

The details of the agreement have not been made public. However, Ukraine’s Prime Minister Denys Shmyhal said on Sunday that the deal “will not include assistance provided before its signing.”

“It is truly an equal and beneficial international agreement on joint investments in the development and recovery of Ukraine between the US and Ukrainian governments,” Shmyhal added.

Meanwhile, the tone of the US Treasury Department’s announcement of the deal showed more solidarity with Ukraine than previous statements from the Trump administration, referring to the war as “Russia’s full-scale invasion” of Ukraine.

An excavator mines rare earth materials in the Zhytomyr region of Ukraine in February 2025, as companies continue operations despite the war.

“As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war,” Treasury Secretary Scott Bessent said in a statement, calling it a “historic economic partnership.”

“This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term,” Bessent added. “And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine.”

Bessent said the US looks “forward to quickly operationalizing” the agreement, but it’s not clear how swiftly new mining projects and collaborations can be launched as the war rages on.

Zelensky was expected to strike the deal during his trip to Washington in February – but the agreement was left unsigned when that visit was cut short following a contentious Oval Office meeting.

Among the key sticking point of the negotiations was the question of security guarantees – and whether the US would provide them as part of the deal. Trump initially refused that, saying he wants Ukraine to sign the agreement first and talk about guarantees later.

At that time, Zelensky described the draft agreement as asking him to “sell” his country. Ukrainian officials have since indicated they believed that US investment and the presence of American companies in Ukraine will make the US more interested in Ukraine’s security.

US President Donald Trump and Ukraine's President Volodymyr Zelensky openly clashed in the White House on February 28, when they were due to sign an earlier draft of the minerals agreement.

Shortly after the doomed White House visit, Trump ordered US aid to Ukraine to be suspended. While the assistance has since been restored, the episode became a major wakeup call for Ukraine’s European allies, who have pledged to step up their help to the country.

Trump had previously billed the agreement as Ukraine “paying back” for the aid the US has provided to Ukraine since Russia launched its unprovoked full-scale invasion of the country in February 2022.

Speaking to Fox News Wednesday, Bessent said the deal is “a signal to the American people, that we have a chance to participate, get some of the funding and the weapons, compensation for those.”

Under the deal, the US and Ukraine will create a joint investment fund in Ukraine with an equal contributions from both and equal distribution of management shares between them, Ukrainian Prime Minister Shmyhal said.

“The American side may also count new, I emphasize new, military aid to Ukraine as a contribution to this fund,” Shmyhal added.

Kyiv’s allies have long eyed Ukraine’s mineral riches. The country has deposits of 22 of the 50 materials classed as critical by the US Geological Survey.

These include rare earth minerals and other materials that are critical to the production of electronics, clean energy technologies and some weapon systems.

The global production of rare earth minerals and other strategically important materials has long been dominated by China, leaving Western countries desperate for other alternative sources – including Ukraine.

A memorandum of understanding prepared under the Biden administration last year said the US would promote investment opportunities in Ukraine’s mining projects to American companies in exchange for Kyiv creating economic incentives and implementing good business and environmental practices.

Ukraine already has a similar agreement with the European Union, signed in 2021.

This story has been updated with developments.



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Idaho student killings: The latest pre-trial developments in the case of quadruple murder suspect Bryan Kohberger

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Prosecutors are allowed to keep a wealth of evidence in their case against Bryan Kohberger, the man accused of killing four University of Idaho students in their off-campus home in 2022, a judge has ruled.

The Idaho judge’s decision to deny defense motions relating to the suppression of different types of evidence is among the latest developments ahead of the trial, which is scheduled to begin in August 2025.

It’s been a long and winding road since the four students – Kaylee Goncalves, Ethan Chapin, Xana Kernodle and Madison Mogen – were fatally stabbed in the overnight hours of November 13, 2022, at a home just off the school’s main campus in Moscow, Idaho.

Kohberger, a Washington State University graduate student in criminology, was arrested in the killings on December 30, 2022, in his home state of Pennsylvania. He was charged with four counts of murder; a not guilty plea was entered on his behalf in May 2023, and his attorneys have indicated the 29-year-old intends to present an alibi as part of his defense.

The progression of the case has been slowed by a series of pre-trial motions and hearings that have frustrated the family of one of the victims as well as the judge overseeing the case.

The hearings largely fall into a few different buckets. One relates to the defense attorneys’ access to evidence, particularly how the prosecution used investigative genetic genealogy in building the case. A second set of hearings concerns Kohberger’s proposed alibi for his innocence. Third, there have be a number of hearings related to a gag order that restricts what the parties can publicly say about the case.

Kaylee Goncalves, Ethan Chapin, Xana Kernodle and Madison Mogen

Here’s a timeline of some of the notable pre-trial developments and decisions so far:

June 9, 2023: A coalition of media organizations and the family of one of the victims came to court to challenge the gag order placed on the parties in the case.

June 23, 2023: Latah County Judge John Judge denied both requests but issued a revised gag order that allows the parties to discuss topics that do not have a “substantial likelihood of materially prejudicing or otherwise influencing the outcome of the case.”

August 2, 2023: Kohberger’s attorneys said they would use an alibi defense but couldn’t pin down their client’s specific location on the night of the killings because he was “driving during the late night and early morning hours.”

“Mr. Kohberger is not claiming to be at a specific location at a specific time; at this time there is not a specific witness to say precisely where Mr. Kohberger was at each moment of the hours” of the attacks, his attorneys said in a court filing.

October 26, 2023: The judge denied a request to dismiss the grand jury indictment after the defense argued there was an error in the grand jury instructions.

December 18, 2023: The judge denied a second motion to dismiss the indictment after the defense argued prosecutors failed to comply fully with state rules on jury selection and the jury questionnaire.

February 28, 2024: Defense attorney Anne C. Taylor asked the court to allow three defense experts and others to view the investigative genetic genealogy evidence, which has been sealed, to understand the full timeline of how police began to focus on Kohberger.

Genetic genealogy is a practice that blends DNA analysis in the lab with genealogical research, such as tracing a person’s family tree. In this case, investigators found a single source of male DNA on the button snap of a leather knife sheath left at the crime scene, according to a probable cause affidavit. FBI investigators loaded the DNA profile to public genealogy sites to search for a match and then sent a tip to investigate Kohberger, according to a prosecution court filing.

The judge initially declined to give the defense investigators extended access to the investigative genetic genealogy, saying he would rather the experts already approved to view the material give justification for digging deeper.

April 4, 2024: The judge criticized Kohberger’s defense attorney, saying she commissioned phone surveys to potential jurors that could hinder Kohberger’s ability to get a fair trial. However, Taylor said the judge violated her client’s right to due process by ordering a stop to the anonymous survey without hearing the defense’s side first.

Judge said he wants a “hearing at least every month,” noting the importance of “cleaning up” the legal proceedings.

April 17, 2024: Kohberger’s defense lawyers filed a court document saying they plan to offer a cell phone tower and radio frequency expert to partially corroborate his proposed alibi that he was out driving west of Moscow on the night of the slayings.

April 19, 2024: The judge allowed surveys conducted with potential jurors to continue “without modification” after temporarily pausing them.

April 29, 2024: The prosecution asked the court to deny Kohberger the opportunity to add to his alibi and to preclude anyone other than the defendant to testify as to his whereabouts on the night of the killings.

May 2, 2024: Kohberger’s defense had asked for an upcoming evidentiary hearing with witnesses be made public, while the prosecution asked that it be sealed. The judge ruled that it will be closed to the public.

After the hearing, the family of Goncalves, one of the victims, criticized the slow pace of the proceedings. “This case is turning into a hamster wheel of motions, hearings, and delayed decisions,” adding they were “incredibly frustrated.”

May 23, 2024: Taylor, the defense attorney, questioned a Moscow police detective about the preparation of visual cell phone logs and methods for searching for certain videos. The testimony was related to two motions to compel prosecutors to share discovery with the defense, but the contents of the motions are sealed, so it was not clear what they were requesting.

May 30, 2024: The Moscow police detective leading the investigation and a defense expert in cell phone location data testified that the defense has not received some key evidence in the case.

Cpl. Brett Payne, the lead investigator on the case, testified he and other investigators collected thousands of hours of video surveillance as they tried to locate a white Hyundai Elantra connected to the suspect. The videos are saved on various thumb drives, but there is no central inventory of the videos, he testified. He also said investigators did not see on any of the videos the Elantra going south from Moscow toward Pullman, Washington, in the early morning hours after the killings.

The probable cause affidavit used in the case alleges Kohberger drove south toward Pullman after he committed the four killings.

Sy Ray, an expert on cell phone geolocation data, testified that he has not been provided the underlying AT&T source data and list of nearby cell towers that was used by detectives to create a map of Kohberger’s movements with his cell phone. Based on the data he had received, he believed some statements in the records were not accurate, and he said the missing data could be helpful to the defense.

“Because of the piecemealing of the data, because of the missing data, because of data that I’m reviewing that is incredibly inaccurate, everything that is missing is absolutely to the benefit of the defense right now,” he said.

June 7, 2024: After previously restricting who had access to the investigative genetic genealogy evidence, the judge ruled to allow unnamed “defense investigators” to view the material.

June 27, 2024: The parties set a trial date of June 2, 2025. Judge set aside about three months for the trial, including two weeks for jury selection, eight weeks for the trial and two weeks for potential post-conviction hearings and sentencing.

“This is a great step to set these deadlines and hearings so that we can move through this,” he said.

July 22, 2024: Kohberger’s defense team filed a memorandum in support of moving the case out of Latah County, saying he can’t receive a fair trial there “because of the extensive publicity that is ongoing and inflammatory.” The defense suggested the trial be moved to Ada County, which includes Boise, about 300 miles south.

August 13, 2024: Prosecutors objected to the defense team’s change of venue motion, arguing the defense failed to prove that Kohberger would not receive a fair trial in the county. “The Court should deny Defendant’s motion and instead, focus on crafting remedial measures to ensure that a fair and impartial jury can be seated in Latah County,” the prosecution argued.

August 19, 2024: In a reply to the state’s objection, Kohberger’s defense said moving the venue to Ada County is supported by expert analysis, precedent and results of a survey in Latah County showing a “mob mentality.” “The traumatized town of Moscow is understandably filled with deeply held prejudgment opinions of guilt,” the defense wrote.

August 29, 2024: At a hearing on the change of venue request, four expert witnesses testified for the defense about potential biases among the local jury pool. The prosecution did not call any witnesses.

September 5, 2024: Kohberger’s defense team filed 13 motions aimed at removing the death penalty from his case.

Attorneys argued the death penalty is unconstitutional because it violates international human rights law and prevents the right to a speedy trial. They said the methods used to put inmates to death in Idaho equate to cruel and unusual punishment and the practice violates the public’s evolving standards of decency. Kohberger could be executed by firing squad if he’s sentenced to death – and if the state cannot obtain the drugs necessary for a lethal injection. The court has set October 10 as the deadline for the state’s response.

September 9, 2024: Judge John Judge granted the defense motion to move the trial out of Latah County due to concerns the local community is prejudiced against him.

“Considering the undisputed evidence presented by the defense, the extreme nature of the news coverage in this case, and the smaller population in Latah County, the defense has met the rather low standard of demonstrating ‘reasonable likelihood’ that prejudicial news coverage will compromise a fair trial in Latah County,” the judge wrote. The judge also highlighted logistical issues with holding such a high-profile case in Latah County.

September 12, 2024: The Idaho Supreme Court ruled to move Kohberger’s trial to Ada County, which surrounds the capital city of Boise and is the most populous county in the state. Ada County District Judge Steve Hippler will take on the case, the court ruled.

September 26, 2024: The new judge in the case told lawyers he was weighing whether to change the trial date. Hippler would prefer to move the trial – scheduled to start in June – to either May or September, because he anticipated issues with keeping a jury intact during a lengthy summer trial, he told prosecutors and defense attorneys during his first hearing in the case.

The gag order that was issued when the case was in Latah County would remain in place, Hippler also said.

October 9, 2024: Judge Hippler moved Kohberger’s trial date two months later, setting it to begin August 11, 2025. The voir dire portion of the jury selection process will start July 30, 2025, Hippler ordered.

November, 7, 2024: Hippler said he is considering several motions filed by the defense to have the death penalty dismissed in this case. The defense argued the death penalty violates Kohberger’s constitutional rights, which protect him from cruel and unusual punishment, and it violates international law. Kohberger’s attorneys said the death penalty creates a potential conflict with his constitutional rights to effective counsel and a speedy trial, among other concerns.

The court said it will issue written decisions for these motions at an unspecified later date.

November 15, 2024: Kohberger’s defense team filed 13 motions asking to suppress evidence from information obtained through multiple warrants. The information, which includes cell phone records, internet data and searches of his car and parents’ house, has constitutional issues and was obtained through the use of investigative genetic genealogy, his team said. The use of investigative genetic genealogy to identify Kohberger is a longstanding issue in the case.

The defense also requested a hearing to discuss the motions.

November 20, 2024: Judge Hippler allowed prosecutors to continue to pursue the death penalty against Kohberger, denying the defense’s motions on the issue. Defense attorneys in September filed 13 motions arguing against the death penalty, saying it would violate Kohberger’s constitutional rights, protecting him from cruel and unusual punishment, and would violate international law, among other concerns.

Hippler addressed the defense’s arguments in his order, saying none of them are strong enough to counter existing case law and precedent.

January 23 and 24, 2025: During a motions hearing, Kohberger’s defense team called for the suppression of evidence stemming from the investigative genetic genealogy process, claiming it’s a violation of the defendant’s constitutional right to privacy. They also called for suppression of cell phone records for the same reason.

The defense also requested a Frank’s hearing, which would determine whether law enforcement intentionally or recklessly included a false statement in their original search warrant affidavit. Defense attorney Anne Taylor argued important facts were left out of the affidavit, including that unknown male DNA was found mixed with Kohberger’s DNA on a handrail at the house, and another unknown male DNA sample was found on a glove outside the house. She also noted no DNA found at the crime scene was found in Kohberger’s car or on his steering wheel.

Judge Hippler said the unknown male DNA doesn’t exclude Kohberger, but might indicate someone else was involved. Kohberger’s DNA on the knife sheath alone establishes probable cause for arrest, Hippler said.

The prosecution argued probable cause was established that Kohberger committed crimes and therefore all warrants were valid.

Hippler did not immediately make a decision. If a false statement is found, it means Kohberger’s case could potentially be dismissed.

February 19, 2025: Judge Hippler denied a motion to suppress critical DNA evidence, allowing the investigative genetic genealogy process to remain in evidence, ruling the defense did not show Kohberger’s constitutional rights were violated.

Multiple motions from Kohberger’s defense team requesting the suppression of information obtained through warrants to AT&T, Google, Amazon and others were also denied, as well as an arrest warrant and several other search warrants, saying that the defense did not meet the standard needed for exclusion.

Hippler also denied a request for a Franks hearing, which would have determined whether law enforcement intentionally or recklessly included a false statement in their original search warrant affidavit. In his order, he said the standards needed for that hearing were not met.

February 21, 2025: New details emerged after a judge unsealed a partially redacted transcript from a hearing originally closed to the public, giving an inside look at the fight to use investigative genetic genealogy in the case. Judge Hippler ultimately allowed the evidence to be used.

The prosecution filed a motion requesting to use a model of the house where the stabbings occurred during the trial. In a series of filings, the prosecution also asked the judge to bar the admission of certain defenses, including use of an alibi and claiming there was another perpetrator, without sharing evidence first. They also asked that certain expert testimony on Kohberger’s mental health – which is currently sealed and not viewable by the public – not be allowed.

February 24, 2025: Attorneys for Kohberger claim in a motion that their client has autism spectrum disorder – or ASD – and executing him would violate the Eighth Amendment’s prohibition on “cruel and unusual punishment.” A “Motion to Redact or Seal Newly Filed Records” was also entered. The motions mark the latest attempt by Kohberger’s attorneys to try to remove the possibility of the death penalty.

March 3, 2025: Hippler warned attorneys for Kohberger and prosecutors to stop filing so many sealed documents and said the court will “look with scrutiny” at further requests to seal court documents. The judge urged in a court order for both sides to use the “least restrictive method” to protect private information, such as redacting documents rather than sealing them entirely.

March 5, 2025: A motion by the defense is unsealed, revealing a three-person mixture of unknown DNA was found under victim Mogen’s fingernails. The defense asked that the DNA evidence be kept from the jury in Kohberger’s trial because jurors could believe the DNA is Kohberger’s.

March 6, 2025: Text messages between the two surviving roommates in the off-campus home are unsealed, along with the transcript of the 911 call made by the roommates before first responders arrived on scene.

In another defense motion, Kohberger’s attorneys argue that the death penalty should be taken off the table because they cannot possibly review the enormous amount of discovery in time for the August trial.

March 19, 2025: Several court documents were unsealed, including a limited search warrant that revealed Kohberger had bought a Ka-Bar knife, a sheath and sharpener on Amazon eight months before the homicides. As the sheath, prosecutors have said, contained a “statistical match” to his DNA, now they argue the purchases before the homicides make it “more probable … that the sheath found at the crime scene was Bryan Kohberger’s,” according to court documents.

Other court documents include a selfie Kohberger allegedly took hours after the killings. Prosecutors argue Kohberger’s “bushy eyebrows” match descriptions given by a surviving roommate, who was present at the time of the murders.

Court documents contain a selfie of Bryan Kohberger, which prosecutors believe was taken the morning of November 13, 2022, only hours after the killings. In the picture, he is seen smiling and giving a thumbs-up gesture.

Additionally, other unsealed documents shed new light on the communications of two surviving roommates, including details on their texts and phone calls in the hours after their housemates were killed.

March 26, 2025: In a newly released court filing, Kohberger’s attorneys argue the defendant doesn’t understand the magnitude of his actions due to his autism spectrum disorder and, therefore, should not be considered for the death penalty.

The documents include an anecdote describing Kohberger making small talk with an officer at the back of a squad car after his arrest, where he asked the officer about his education and suggested they get coffee at a later date.

“He did not perceive the profoundly serious nature of the moment and exhibited no perception of what was happening,” the filing said.

In a separate filing, prosecutors reveal store records showing that Kohberger purchased a black balaclava from Dick’s Sporting Goods in January 2022 –– one that matches a description given by a surviving roommate who saw an intruder in the house the night of the stabbings.

Other evidence prosecutors cited included an academic paper Kohberger wrote for a criminal justice class in 2020. The 12-page paper, titled “Crime-scene Scenario Final” details a case involving a 35-year-old woman who was stabbed to death with a knife at a trailer park, including steps on how he would assess a crime scene if he were an investigator. It was not immediately clear whether the case described in the paper is hypothetical or real.

The paper “would be introduced to show Defendant’s knowledge of crime scenes,” the documents read, with prosecutors pointing to aspects of the case that are similar to the University of Idaho murders, such as the use of the knife, surveillance video and collection of DNA.

April 24, 2025: The judge denied Kohberger’s motion to strike the death penalty over Kohberger’s autism spectrum disorder diagnosis.

April 29, 2025: The judge denied Kohberger’s motion to strike the death penalty over the high volume of discovery.

This story has been updated with additional information.



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Victoria Roshchyna: Body of Ukrainian journalist who died in Russian detention returned by Moscow with signs of torture

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The body of a young Ukrainian woman who died in Russian captivity after being held incommunicado for months was returned to Ukraine showing signs of torture, Ukrainian prosecutors have said.

Kyiv said the remains of journalist Victoria Roshchyna, who went missing during a reporting trip, were returned as part of a body exchange between Ukraine and Russia in February.

Yuriy Belousov, who heads the war crimes department at the Ukrainian Prosecutor General’s Office, said that forensic examination found “numerous signs of torture and ill-treatment… including abrasions and hemorrhages on various parts of the body, a broken rib and possible traces of electric shock.”

He said the experts have determined the injuries were sustained while Roshchyna was still alive.

Russia is known to use electric shocks as a method of torture against detained Ukrainians, and the widespread nature of the practice was documented by CNN in the past.

Belousov said that repeated DNA analyses confirmed the body belonged to Roshchyna, even though it reportedly arrived from Russia labeled as “an unidentified male.” He said the state of the body made it impossible to determine the cause of Roshchyna’s death, but added that Ukraine was working with international forensic experts to get more answers.

Roshchyna’s colleagues at Ukrainska Pravda said her body was returned from Russia with missing organs. Citing members of the investigating team who handled her remains, they said the brain, eyeballs and part of the trachea, or windpipe, were missing, in what they said could have been an attempt by Russia to disguise the cause of death.

CNN has reached out to the Russian Federal Commissioner for Human Rights Tatyana Moskalkova and to the Russian penitentiary services for comment.

Colleagues of Victoria Roshchyna attend a vigil in Kyiv, on October 11, 2024.

Roshchyna went missing in August 2023. Her colleagues said the reporter went to a Russian-held part of Ukraine – a dangerous ordeal for any Ukrainian – to report on the lives of people living under occupation.

Journalist Evgeniya Motorevskaya, who worked with Roshchyna as the former editor of Hromadske, a Ukrainian media outlet, said the young reporter was determined to do her job as best as she could.

“For her, there was nothing more important than journalism. Vika was always where the most important events for the country took place. And she would have continued to do this for many years, but the Russians killed her,” she said in a statement published on Hromadske’s website when Roshchyna’s death was first announced, referring to her by her diminutive.

Roshchyna’s father first raised the alarm when she stopped responding to messages while on the assignment, but her family had no idea about her whereabouts until nine months later, when Moscow finally admitted it was holding her in detention.

Like thousands of other Ukrainian civilians, Roshchyna was snatched by Russian authorities in occupied Ukraine and deported into Russia where she was held without charge or trial.

By September 2024, Roshchyna, a healthy 27-year old, was dead – although her family didn’t find out until about a month later, when they received a notification from Russia.

Petro Yatsenko, spokesperson for the Ukrainian Coordination Center for the Treatment of Prisoners of War, said in October that Roshchyna died while being transferred from a detention facility in the southern Russian city of Taganrog to Moscow.

He said the transfer was in preparation for her release as part of a prisoner exchange.

The detention facility in Taganrog is known for its cruel treatment of detainees. CNN has previously spoken to prisoners held there, who described being subjected to physical and psychological abuse, being given insufficient amounts of food and denied access to basic health care.

Reporters with Ukrainska Pravda have partnered up with journalists from more than a dozen international media after her death was announced, to try to piece together what happened to her during the last few months of her life.

They interviewed dozens of prisoners, as well as prison guards and human rights defenders. They were able to trace her movements and describe the brutality of her detention.



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April 30, 2025 – Donald Trump presidency news

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After tumbling in the morning, US stocks pushed into the green to close out the day following the release of an economic report from the Commerce Department, which revealed that the US economy contracted in the first quarter.

The S&P 500 and Dow notched a seven-day winning streak, their best continuous rally this year. However, the indexes closed out April in the red as the stock market has been trying to recover from a steep slump caused by President Donald Trump’s tariffs.

The Gross Domestic Product (GDP) registered at an annualized rate of -0.3%, the department reported. This marks a sharp slowdown from the 2.4% growth rate in the fourth quarter and is well below economists’ expectations of a 0.8% increase.

In response, Trump defended his administration’s economic record, blaming former President Joe Biden for the current challenges. “I’m not taking credit or discredit for the stock market, I’m just saying that we inherited a mess,” he said.

If you’re just joining us, here’s a recap of today’s key economic news:

Republicans and Democrats react: Republican senators voiced concern over the latest economic data but said they remain hopeful that Trump’s expansive legislative agenda — including tax cuts — will pass this summer, potentially steering the economy back on track. Republicans echoed Trump’s comments and blamed Biden for the current state of the economy. Meanwhile, Democratic Sen. Peter Welch said, “The person who is president of the United States bears the burden of what the economy is doing, or the benefit of what it’s doing.”

Trump adviser spins: Peter Navarro, special counselor to the president, attempted to spin the GDP report as “very positive news” for Americans, touting how tariffs are driving a “tremendous amount” of domestic investment. “This was the best negative print, as they say in the trade, for GDP I have ever seen in my life. It really should be very positive news for America,” Navarro said.

Inflation cooled: In other economic news, inflation slowed sharply in March, moving closer to the Federal Reserve’s 2% target, while consumer spending continued to fuel the economy. Read more.

Too soon to call recession: While the latest GDP report indicates a significant slowdown, it doesn’t necessarily signal that the US is in a recession — at least not yet. CNN’s Matt Egan explains why this contraction doesn’t automatically equate to a recession.

CNN’s Maureen Chowdhury, Donald Judd, Morgan Rimmer, Alison Main, Manu Raju, Casey Riddle, Kit Maher, Alicia Wallace, Bryan Mena and Matt Eagan contributed to this reporting.

This post was updated with details on the US stock market performance for today and the month of April.



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