Norfolk Southern Corporation (NASDAQ:NSC) is one of the biggest railroad transportation companies in America. The firm’s performance depends on economic activity, and therefore, the firm’s 13.5% share price drop after the Liberation Day tariffs were announced was unsurprising. Cramer’s previous remarks about Norfolk Southern Corporation (NASDAQ:NSC) have lumped the firm together with transportation stocks and praised its management. Here are his latest thoughts:
“You know look at Norfolk Southern. The run in Norfolk Southern is just breathtaking. I just think that we are so the opposite of where we were. Everything changed. Everything changed. Liberation Day may turn out to be the bottom. We may look at Liberation Day and say you know that was when they realized, wow, are we ever on the wrong track. The market has spoken and we’re wrong.”
Norfolk Southern Corporation (NSC): Liberation Day May Be “The Bottom,” Says Jim Cramer
A bird’s eye view of a long freight train rumbling along the tracks.
In his previous comments, the CNBC host mentioned Norfolk Southern Corporation (NASDAQ:NSC)’s recent remarks about railroads:
“On the other hand, you got groups like the transports. They’re just getting clocked. At a conference call today, Norfolk Southern, one of the big East Coast railroads, traced out a soft picture.”
While we acknowledge the potential of NSC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
For the third time, President Donald Trump will extend the deadline for TikTok to spin out from its Chinese parent company or face a US ban. White House Press Secretary Karoline Leavitt confirmed in a statement Tuesday that Trump will sign an executive order this week extending the deadline another 90 days, landing the new deadline in mid-September.
The Trump administration will spend the next 90 days “working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure,” Leavitt said.
The extension, first signed on January 20th, theoretically offers legal cover for TikTok’s US service providers who are subject to the Protecting Americans from Foreign Adversary Controlled Applications Act from the hundreds of billions in penalties they could face for keeping the app online and in US app stores. But that legal cover was already shaky given that Trump’s extensions are not codified into the law, which was passed overwhelmingly by a bipartisan vote in Congress, and upheld as constitutional by the Supreme Court.
As The Verge previously reported, ByteDance and an Oracle-led coalition had nearly hammered out a deal in April, but Trump’s tariffs abruptly blew up the tentative agreement. While trade tensions between the US and China have simmered down, there’s been no recent news about resurrecting that deal or another one. Even when a sale seemed likely, it was unclear whether China would allow ByteDance to sell the valuable algorithm that powers TikTok’s video recommendations.
“The whole thing is a sham if the algorithm doesn’t move from out of Beijing’s hands”
Several lawmakers, including those who’ve criticized a divest-or-ban law for TikTok and ByteDance, have warned that Trump’s repeated extensions are untenable and illegal. After Trump’s last extension in April, Senate Intelligence Committee Vice Chair Mark Warner (D-VA) told The Verge the move was “against the law” and said “the whole thing is a sham if the algorithm doesn’t move from out of Beijing’s hands.”
Even before the second extension, Sens. Ed Markey (D-MA), Chris Van Hollen (D-MD), and Cory Booker (D-NJ), who oppose a ban of TikTok, wrote Trump that it would be “unacceptable and unworkable for your Administration to continue ignoring the requirements in the law.” They warned, “any further extensions of the TikTok deadline will require Oracle, Apple, Google, and other companies to continue risking ruinous legal liability, a difficult decision to justify in perpetuity.”
That’s because TikTok service providers in the US can be fined for facilitating access to the app after the ban deadline, and Trump’s extensions fall outside of the mechanisms allowed for in the law. So far, however, these companies appear to be relying on assurances from the administration that they won’t be sued for keeping TikTok online, although it reportedly took a letter from the US attorney general herself to assuage Apple and Google’s concerns.
A court could evaluate whether Trump’s actions are legal, but only if somebody sues to stop the extension — and so far, nobody has. Earlier this month, though, a Google shareholder filed a lawsuit against the company for allegedly failing to share internal records about its decision to flout the law under the Justice Department’s assurances. The same shareholder had already filed suit against the DOJ for allegedly failing to share information about its decision not to enforce the law against Apple and Google.
While members of Trump’s party generally haven’t gone so far as to call his extensions illegal, a dozen House Republicans said in a statement in April that “any resolution must ensure that U.S. law is followed, and that the Chinese Communist Party does not have access to American user data or the ability to manipulate the content consumed by Americans.” Sen. Josh Hawley (R-MO) told reporters that month that Trump “ought to enforce the statute and ban TikTok. This middle way, I don’t think is viable.”
But it’s not clear what would prevent Trump from approving indefinite extensions or a deal that doesn’t meet the letter of the law. As Hawley acknowledged while speaking to reporters in April, “Congress, we don’t have an enforcement arm of our own.”
Brett Okamoto has reported on mixed martial arts and boxing at ESPN since 2010. He has covered all of the biggest events in combat sports during that time, including in-depth interviews and features with names such as Dana White, Khabib Nurmagomedov, Conor McGregor, Nate Diaz, Floyd Mayweather, Manny Pacquiao and Georges St-Pierre. He was also a producer on the 30 for 30 film: “Chuck and Tito,” which looked back at the careers and rivalry of Chuck Liddell and Tito Ortiz. He lives in Las Vegas, and is an avid, below-average golfer in his spare time.
Former MMA and amateur wrestling champion Ben Askren is being evaluated for a possible lung transplant, according to his wife.
Askren, 40, remains hospitalized in his home state of Wisconsin because of severe pneumonia. According to his wife, Amy, he is on a ventilator and ECMO (extracorporeal membrane oxygenation) but has been able to open his eyes and squeeze hands.
“I haven’t shared an update because Ben has been in limbo for a while and I was hoping to have him wake up and be the one to decide what to share,” Amy wrote on Facebook.
“I’m still praying for a miracle with his current lungs, but they are currently starting the evaluation process for a lung transplant. Please pray for his continued healing, and if transplant is the solution, that he can get on the list quickly and easily. I know transplants are such a blessing and I’m overwhelmed at the thought of him receiving a gift like that. No one would take better care of that gift than Ben.”
Askren fought his entire professional career out of Hartland, Wisconsin, and he runs a wrestling academy out of the area. He retired from MMA in 2019 and was also a two-time NCAA Division I champion in wrestling and a member of the 2008 U.S. Olympic team. He and Amy have three children together.
“Thank you for every message and all of the support,” Amy wrote. “Despite this awful situation, I’m feeling so blessed by the community we’re surrounded by. Give your loved ones a hug today and make sure you’re prepared for situations like this. Ben is the healthiest guy I know and I never could have expected this.”
The Survivor alum shared on June 16 that his and wife Amber Mariano’s 14-year-old daughter Carina “got poked by this plant yesterday on the golf course…long story short we ended up in the hospital last night.”
“She had a pretty severe reaction to the plant and was in a lot of pain,” he recounted on Instagram Stories. “The doctors did an ultrasound to look for the spine, but instead found an abundance of fluid inside her knee near where the plant pricked her and prescribed some antibiotics and anti-inflammatories.”
Fortunately for Rob—who is also dad to Lucia, 15, Isabetta, 13, and Adelina, 10, with Amber—Carina started feeling “much better” after receiving treatment.
Sharing a picture of the plant, the 49-year-old added, “We have identified the culprit El Datilillo, ‘The Spanish Dagger.'”
The family getaway comes nearly one month after Carina graduated from middle school. At the time, Rob joked that he “cried like a baby” at the teen’s academic achievement.
Basking shark is one of the species that could find a home in new parts of the UK
The UK could see a boom in endangered sharks, rays and native oysters as species move habitats to respond to rising ocean temperatures, according to scientists.
But some, including a clam that is the world’s longest living animal, could struggle to adapt.
Researchers at the Centre for Environment, Fisheries and Aquaculture Science mapped for the first time how 19 threatened marine species will respond to climate change in UK seas.
Many creatures could find new homes in parts of the North Sea predicted to become biodiversity hotspots in the next 50 years, although the disruption from climate change could also have negative knock-on effects on the marine ecosystem.
“As an island nation, we’re hugely reliant on the sea for our food and for jobs. Any changes that we see in our seas are particularly impactful,” Bryony Townhill, marine scientist at Cefas, told BBC News.
The analysis should guide the government as it plans how to ensure so-called Marine Protected Areas (MPAs) continue to protect species even as they change habitat.
The world’s oceans are warming as they have absorbed up to 90% of the additional heating created when humans burn fossil fuels like oil, coal and gas.
The UK seas are a hotspot for these effects of climate change and are among 20 places globally that have warmed fastest over the past 50 years.
For this report, scientists looked at two different projections for sea temperatures, salinity and sediment levels until 2060.
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Native Oysters have declined around 95% in the UK since the 1900s but their habitats are expected to double
They compared the changing ocean environment to the preferred habitats of 19 species that are currently vulnerable in the UK.
The biggest winners are the native oysters, basking sharks, spurdog sharks – which can grow up to 1.6 meters – and thornbacks – a type of ray with spines.
Overall, mobile species will cope better, whereas static creatures will find it harder to adapt.
A small creature called a sea pen, which helps to build reefs, could lose up to 40% of their suitable habitat by the end of the century.
And the ocean quahog, a type of clam that can live more than 500 years, making it the longest living animal, is predicted to struggle.
A decline in those species could have knock-on impacts on ecosystems and food chains.
The scientists were surprised by some of the results.
“I didn’t expect that native oysters would do well. Frankly, they’ve been declining and disappearing for 100 years – and yet the climate model suggests they should be doing fine and perhaps even thriving,” says Prof Pinnegar.
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Sea pen help to build reefs that house other marine species but will see a reduction in habitats
But he is careful to add that although there are potential new habitats, these vulnerable species must still be protected from threats like fishing equipment, disease or pollution.
“We’re not necessarily promising an increase in numbers – the seas still need to be managed carefully and other pressures reduced if the creatures are to thrive in new habitats,” he says.
The movement of these 19 marine species is likely to have a knock-on effect on coastal communities in the North Sea, including potentially bigger fish catches, according to Dr Townhill.
The findings are published in the science journal Marine Biology.
The U.S. Embassy in Israel will be closed from Wednesday to Friday because of the ongoing “security situation” in the region, the State Department announced Tuesday.
“Given the security situation and in compliance with Israel Home Front Command guidance, the U.S. Embassy in Jerusalem will be closed tomorrow (Wednesday, June 18) through Friday (June 20),” the State Department said in a post on X.
The State Department said that the closures include the Consular Sections in Jerusalem and Tel Aviv. The closures also include emergency passport services and Consular Report of Birth Abroad services.
The State Department said, at this time, there is no new information to share about assistance for U.S. citizens wishing to depart from Israel. There are no commercial or charter flights operating from the country’s main international airport.
“The Department of State is always planning for contingencies to assist with private U.S. citizens’ departure from crisis areas. We will alert the U.S. citizen community if there is additional information to share regarding departure options,” the State Department said in a statement.
The State Department said it is “aware” of third parties helping U.S. citizens depart Israel, adding, “While we are not able to endorse any providers, we understand some have been able to successfully help U.S. citizens.”
The announcement comes a day after the U.S. Embassy branch in Tel Aviv suffered some minor damage after an Iranian missile struck a nearby area. There were no injuries.
Los Angeles-based tech logistics company Warp announced Friday it has secured a $10 million Series A round to scale its AI-powered freight network via robotics and automation.
A news release from the company stated that the fundraising effort, led by Up.Partners and Blue Bear Capital, brings Warp’s total funding to $22 million since its founding in 2021.
The new capital will fund Warp’s AI systems and the launch of its first fully robotic cross-dock, an automation facility that Warp stated will automate the entire freight lifecycle from inbound receiving to outbound dispatch.
“Warp is already deploying AI across routing, pricing, scheduling, visibility, and customer service, and early results show significant gains in efficiency, on-time performance, and cost reduction,” the release stated.
The company currently has a national network of 50 cross-docks and over 10,000 carrier vehicles ranging from cargo vans to 53-footers. Its new robotics site will allow for goods to move faster and more efficiently for both B2B and D2C shipments.
“Warp’s approach doesn’t just optimize freight,” said Ally Warson, partner at Up.Partners, in the release. “It redefines it. They’re targeting the root causes of middle-mile inefficiency: labor dependency, lack of visibility, and brittle networks. Their agent- and automation-first approach is the future of supply chain infrastructure.”
But Warp won’t be allocating its fundraising to hiring. According to its release, the company only plans to hire 10 more full-time, salaried employees – ever. Remaining resources will go towards its technological and automation efforts.
“This round isn’t about growing a team,” said Daniel Sokolovsky, co-founder and CEO of Warp, in the release. “It is about multiplying output. We are scaling with intelligent agents that make our amazing people a thousand times more productive.”
In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar.
Its passage had not always been assured. Back in May, nine Democrats who’d previously supported the GENIUS Act suddenly reversed course, asking to revise the bill’s text, and days later, Senators Elizabeth Warren (D-MA) and Ron Wyden (D-WA) successfully killed an attempt to bring the bill to a floor vote by citing several current events involving the Trump family’s crypto ventures, including a controversial dinner for people holding large amounts of their memecoin $TRUMP.
Warren, the ranking member of the Senate Banking Committee and a longtime consumer protection hawk, ultimately voted against the final version of the GENIUS Act. During a June 11th floor speech, she stated that the bill did not have adequate regulatory guardrails in place to prevent corruption: “It would make Trump the regulator of his own financial company and, importantly, the regulator of his competitors.”
It’s a win, however, for the burgeoning digital assets industry, which has poured hundreds of millions into the political influence game in Washington, hiring political consultants and even a few Members of Congress on their behalf. In an interview prior to Tuesday’s vote, Seth Hertline, Head of Global Policy at the crypto wallet company Ledger, described the GENIUS Act as a political bellwether for the industry as a whole. “If the GENIUS Act derails, everything behind it derails,” he told The Verge.
For months, as the standoff between Rafael Devers and the Boston Red Sox played out publicly, Boston fans never really booed their designated hitter. This probably would’ve come as a surprise to others who’ve lived through that charming experience, including Hall of Famer Ted Williams, who once spat at a hostile Fenway Park crowd, and Roger Clemens (even before he pitched for their rival).
Rather, Red Sox fans almost uniformly cheered Devers, all the way to the ignominious end of his time in Boston on Sunday. Hours after hitting another home run against the New York Yankees, he was summoned from the club’s traveling party and told he’d been dealt to the opposite coast. That fans never fully aimed animus at Devers despite his refusal to do what generations of stars have done — embrace change for the larger good of the team; in this case, changing positions from third base to first — says much more about their distrust of Red Sox leadership than about Devers or Red Sox Nation going soft.
That skepticism spilled out in talk radio, tweets and texts in the hours following the Devers trade, the reaction angry and cynical. “They’re not even a real organization anymore,” one longtime New Englander and Red Sox fan wrote to me. “Here we go again,” another texted. “First Mookie. Then Xander. Now Raffy.”
These kinds of responses will grow exponentially if Boston flounders over the next few weeks. The Red Sox had won eight of their past 10 games when the deal went down — including five of six against the first-place Yankees — and just when the dysfunctional team actually began functioning on the field, they traded their best hitter.
But this is an uproar five-plus years in the making. The 2020 trade of Mookie Betts, a homegrown star, has become the prism through which every Red Sox decision is seen. John Henry has been the most successful owner in baseball over the past quarter century, winning four championships, and yet he is viewed by much of the team’s fan base as a cheap and uninterested proprietor who uses the Red Sox cash machine to fund his other sports hobbies.
Craig Breslow, the head of baseball operations for the Red Sox, defended the trade when he spoke with reporters Monday, saying, “This is in no way signifying a waving of the white flag on 2025. We are as committed as we were six months ago to putting a winning team on the field, to competing for the division and making a deep postseason run.”
Breslow spoke as if the effort to win would continue. But a lot of Boston fans believe the leadership stopped prioritizing on-field success after the 2018 championship, with the failed effort to retain Betts a turning point. When Red Sox ownership interviewed candidates to replace former head of baseball operations Dave Dombrowski in 2019, it was made clear to Chaim Bloom (who eventually got the job) and others that he would be expected to trade Betts. After Betts was dealt to the Los Angeles Dodgers for Alex Verdugo, Connor Wong and Jeter Downs, the Red Sox have largely abdicated their place as a baseball power. And Betts’ new team has more World Series titles (two) than the Red Sox have winning seasons (one) since the trade.
The fans’ protest of the Devers deal largely diverged from the industry view. A lot of rival officials thought that the Red Sox did well in ridding themselves of a one-dimensional star with an expensive contract who refused layers of requests to change, receiving four players from the San Francisco Giants in return, including talented lefty Kyle Harrison. “WTF were the Giants doing taking on that whole contract?” one executive asked rhetorically, via text. “Oh my god. That deal will not end well.”
Another executive said that he thought that on a scale of one to 10, with 10 being terrible, management’s handling of the Devers situation was a six. “They made mistakes,” he said. “Devers’ handling of this was a 10 out of 10 in how bad it was.”
Regardless of Devers’ handling of the situation, it’s clear that the Red Sox have some work to do in filling the role he leaves.
“[The Red Sox] did well in this trade, for the long term,” one exec said. “But they are going to miss him. You’re not going to replace a hitter like Devers.”
What matters now for the Red Sox is what they do next. After trading Betts, they largely shifted into a mode of rebuilding uncommon for a big-market team, a choice which drove the fan base into its current cynicism. At trade deadlines in recent years, the Red Sox have either retreated or failed to add. The onus is on Breslow and Henry to add, even if that means taking on payroll and expending resources. The fans don’t believe leadership actually cares about winning, and the only way the Red Sox can change that is to win.
In order to do that, the Red Sox organization needs to take the lessons that can be learned from how this situation played out and apply them moving forward. And Devers himself should do the same.
His frustration and unwillingness to work with the team had been clear since the Red Sox signed All-Star Alex Bregman in February, with Devers saying he was promised third base when he agreed to his $313.5 million deal in January of 2023, a claim rival evaluators view dubiously.
“Who could ever promise something like that?” one executive said. “Things change so fast — injuries, players coming and going. You don’t get deeded a position for life.”
Even when it became clear that a move to first would help the Red Sox incorporate young players such as Roman Anthony, Devers declined. As he gets settled with the Giants, he has an opportunity to be more open-minded, to work with his new team, rather than at the expense of others.
As for Breslow, he needs to hear the feedback that is coming from all corners of the franchise: His interpersonal skills are poor. In his 1½ years with the Red Sox, Breslow has failed to build a relationship with the team’s most important player. He has to talk more with others, connect more — because when he doesn’t build those relationships, what festers in the vacuum of conversation is the sort of communication decline that developed with Devers.
And it’s not only Devers: What others in the organization say is that Breslow’s presence is wooden and ineffective, a problem highlighted by an incident on a Zoom call with staffers last month. According to sources, a longtime scout, Carl Moesche, assumed that his voice could not be heard on the call and said out loud, “Thanks, Bres, you f—ing stiff.” Moesche was subsequently fired, but Breslow needs to recognize that Moesche’s view reflects that of other Red Sox employees, and that’s an enormous problem.
Red Sox manager Alex Cora needs to recognize that in the Devers drama, he was ineffective. He has a longstanding relationship of care and respect with Devers, but as rival executives note, what good was that relationship to the organization, really, when Cora couldn’t get Devers to do what he, Breslow and Henry needed him to do? Only Cora and Devers know what was said between them, but whether Cora chose to play good cop to Breslow’s bad cop or he felt it best to support Devers rather than take him on, it didn’t work.
And as much as anything, Henry must do some self-reflection: He must recognize that it was his original sin that put Boston in this situation. He chose not to pay his best and most dynamic player what he was worth, subjecting the franchise to the Betts tax that it continues to pay over and over. Because they didn’t sign Betts, the Red Sox gave into the pressure from frustrated fans in their negotiations with Devers, agreeing to a deal that concerned some in the franchise given doubts about Devers’ ability to lead and whether he was destined to become an overpaid designated hitter.
Henry needs to do what he did not do with Betts and Jon Lester and Xander Bogaerts and Chris Sale and others: keep the best stars. Pay to keep the next Yaz, the next Ortiz. Maybe that’s Roman Anthony, maybe it’s Marcelo Mayer, maybe it’s Jarren Duran. As Philadelphia Phillies owner John Middleton said last year, fans don’t care about an owner’s bottom line. They care about winning. Henry needs to demonstrate, once and for all, that’s his priority, as well.
Jonathan Bailey Shows His Feet for Free on the Red Carpet—and the Internet Has Thoughts
Life finds a way, and so do kisses sometimes.
In fact, Scarlett Johansson planted a friendly one on Jonathan Bailey‘slips at the London premiere of Jurassic World Rebirth June 17. As seen in photos, the actress—clad in a strapless baby pink gown by Vivienne Westwood—greeted her costar with a big smooch before going in for a hug.
The pair were joined by castmates Rupert Friend and Mahershala Ali, who were also all-smiles while posing for pictures on the red carpet. (To catch more from the Jurassic World Rebirth cast, tune into E! News’ livestream of the film’s New York premiere on June 23 at 5:30 p.m. ET.)
But fans shouldn’t read into Scarlett exchange with Jonathan too much. After all, she’s been happily married to Colin Jost since 2020.
“He is a very, very, very great guy,” the Avengers alum gushed during a December appearance on Live With Kelly and Mark. “I’m extremely lucky.”
