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Cometti farewelled at state memorial service
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Kai Trump debuts signature drink flavor with Accelerator Active Energy
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Kai Trump, the granddaughter of President Donald Trump, and Accelerator Active Energy (AAE) have collaborated for her first-ever signature flavor, Blue Raz Slush, as their partnership reaches new heights.
Trump and the performance energy drink maker worked together to develop a flavor for its popular natural caffeine beverage — with a twist of nostalgia from the rising Miami Hurricanes golfer.
Trump’s flavor, Blue Raz Slush, is inspired by her childhood love of blue raspberry movie theater slushies and the summer memories they evoke, she said.
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Kai Trump helped develop Accelerator Active Energy’s latest flavor, Blue Raz Slush. (Accelerator Active Energy / Fox News)
“Working on Blue Raz Slush with the Accelerator team was such a fun experience because I was involved from the very beginning,” Trump said in a statement. “We tested so many different versions to make sure the flavor felt authentic to my tastes and something I’d genuinely want to drink every day.
“Between training, golf, travel, and everything else in my schedule, I’m always looking for products that help me stay energized and focused, and I love that Accelerator fits so naturally into my routine.”
KAI TRUMP ANNOUNCES 1ST MAJOR NIL PARTNERSHIP WITH ACCELERATOR ACTIVE ENERGY IN PRESIDENTIAL FASHION
Accelerator and Trump officially partnered last year, and is a brand already backed by athlete partners and investors, including Kansas City Chiefs star tight end Travis Kelce, former gymnast turned model and social media personality Livvy Dunne and Spanish pro tennis player Paula Badosa.
Dunne, an ex-LSU gymnast, had a signature Cotton Candy flavor with Accelerator, which became its top-selling product across retail and e-commerce. Now, the brand is excited to deliver a second signature flavor with Trump.

Kai Trump and Accelerator Active Energy collaborated on her first-ever signature flavor with the energy beverage. (Accelerator Active Energy / Fox News)
“Kai had a very clear vision on what she wanted throughout the process – which is very helpful,” AAE CEO Andrew Wilkinson said in a statement. “Her genuine enthusiasm to work together on every aspect of this collaboration has resulted in a great addition to the Accelerator product line.”
Trump said she loves the fact Accelerator is made with 100% natural caffeine from coffee beans and green tea. The plant-based thermogenics and cognitive boosters deliver sustained energy, AAE said, with enhanced focus and metabolic support, without sugar or taurine.
AAE added that its clinically-backed formula helps consumers stay sharp and energized throughout the day without the dreaded crash that comes with many energy drinks.

Kai Trump and Accelerator Active Energy collaborated with a signature flavor that brings nostalgia to the rising Miami Hurricanes golfer. (Accelerator Active Energy / Fox News)
As a student-athlete, Trump joined Accelerator as a name, image and likeness (NIL) partner as well as an equity partner. In a speech at Trump International Golf Club in West Palm Beach, Florida, last year, she told all “fellow Americans and content creators” that she’d partnered with AAE.
“It’s pretty cool, especially being partners with such great athletes and being up there with (Kelce),” she told FOX Business after announcing the partnership.
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She will attend the University of Miami in the fall, continuing her golf career at the Division I college level.
Trump has also shown off her passion as a content creator, with a growing YouTube and social media following, though she strives to become a professional golfer one day.
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Business
TransUnion president Steven Chaouki sells $353,650 in company stock

TransUnion president Steven Chaouki sells $353,650 in company stock
Business
Thali costs climb in May: Crisil report
Last month, tomato prices were 57% higher than a year ago at ₹36 per kg, primarily on account of a 3-4% decline in production, even as prices of vegetable oils increased globally. Vegetable oil and LPG prices were up 8% and 7% year-on-year, respectively. The average cost of preparing a thali at home is calculated based on input prices prevailing in northern, southern, eastern and western India.
“Tomato prices are expected to remain elevated during June-August, with supply likely to tighten because of lower summer sowing amid heat-related concerns in key northern growing states,” the report said.
Potato prices are also expected to inch up as the rabi harvest season concludes and higher priced cold-storage stock enters the market. Onions, too, are likely to become costlier in the coming months following an estimated 5% decline in rabi production this year, Crisil said.
On the other hand, the prices of pulses are expected to be subdued, supported by comfortable domestic availability. -Our Bureau
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'It is by the grace of God that you find a diamond'
The rising popularity of lab-grown diamonds heaps pressure on those hunting for the natural gems.
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Commercial Metals Company: Not Yet Convinced, But Things Are Looking Better
Commercial Metals Company: Not Yet Convinced, But Things Are Looking Better
Business
Florida passes $250,000 homestead exemption that could erase property taxes
Fox News real estate contributor Katrina Campins joins ‘Varney & Co.’ to discuss Florida’s housing boom, the blue state wealth exodus and why soaring luxury demand is pricing out first-time homebuyers.
As Americans continue to flee high-tax blue states for lower-tax destinations, Florida lawmakers have just passed what supporters describe as a major win for economic freedom.
Moving to provide long-term property tax relief for residents, the Florida Legislature has cleared a historic, DeSantis-backed constitutional amendment for the November 2026 general election ballot that could eliminate non-school property taxes for many homeowners through a proposed $250,000 homestead exemption.
“I think it will be particularly appealing to people leaving the Northeast and other high-tax states who are evaluating where to establish permanent residency. The state already wins on weather and lifestyle. Tax policy simply becomes another advantage in an increasingly competitive relocation landscape,” Douglas Elliman’s Nick Malinosky told Fox News Digital.
“This proposal could strengthen that appeal, particularly among households planning a permanent move rather than purchasing a second home. I think it could encourage more families, retirees and remote workers to establish Florida residency,” Elliman colleague Lourdes Alatriste added.
“The biggest beneficiaries may be families and retirees looking to establish permanent residency and maximize long-term savings,” The Corcoran Group’s Mick Duchon agreed.

Florida Gov. Ron DeSantis’-backed HJR 1-F passed in the state legislature on Tuesday, June 2, 2026. (Getty Images)
If Florida voters approve House Joint Resolution (HJR) 1-F in November, the amount of your home’s value that is exempt from certain property taxes would increase over the next two years. On Jan. 1, 2027, the homestead exemption would increase from the existing $50,000 to $150,000. One year later, in 2028, the homestead exemption would rise to $250,000. For some homeowners, that could reduce non-school local property taxes to zero.
A Florida Senate press release states that this sets up the framework “for full [tax] exemption over time.”
Residents who establish primary Florida residency on or before Dec. 31, 2026, would be eligible for the expanded exemption when it takes effect. However, those who move to the state after that deadline would have to wait four years before qualifying for the full $250,000 exemption.
Douglas Elliman’s Lourdes Alatriste brings Fox News Digital inside an $18.9 million home in Coconut Grove, where history and luxury intersect.
“By increasing the homestead exemption, the proposal could help reduce the tax burden on primary residences and provide homeowners with greater financial flexibility year after year,” Alatriste said.
“What I’m hearing from clients is less about speculation and more about affordability. Buyers see it as a potential way to reduce their long-term cost of ownership, while existing homeowners view it as meaningful relief in a market where insurance, maintenance and other housing expenses have continued to climb,” Douglas Elliman’s Senada Adzem said.
“Whether someone owns a $500,000 home or a $20 million home,” Malinosky added, “everyone has felt the impact of rising ownership costs over the past several years. Clients are encouraged that lawmakers are looking at ways to provide tax relief.”
The Corcoran Group’s Mick Duchon gives Fox News Digital a tour of a $21.95 million unit at the Four Seasons residences in Surfside, where ex-Starbucks CEO Howard Schultz just bought the penthouse.
The amendment’s language would reduce the annual assessment increase cap on non-homestead properties, including many commercial properties, from 10% to 5% per year.
This tax break would not apply to school board taxes, and local governments would be required to prioritize remaining property tax revenue for services such as police, fire rescue, EMS, infrastructure, flood-control projects and government employee pensions.
“The strongest argument in favor is that it offers relief to Florida homeowners at a time when affordability remains a major concern,” Alatriste said. “The biggest challenge will be answering questions about how local governments and school districts would offset the reduction in tax revenue.”
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Gov. Ron DeSantis joins ‘Hang Out with Sean Hannity’ to discuss the massive migration to Florida and why blue states like New York and California are facing declining populations.
“Voters will likely support the concept of tax relief, but they’ll also want transparency regarding schools, public safety, infrastructure and municipal budgets. If lawmakers can clearly address those concerns, the proposal has a strong chance of gaining broad support,” Duchon noted.
“The strongest selling point is affordability,” Malinosky said. “I think voters are generally supportive of tax relief, but they will want clear answers before approving a constitutional amendment of this magnitude.”
Business
Earnings call transcript: Netskope beats Q1 2027 forecasts with strong growth

Earnings call transcript: Netskope beats Q1 2027 forecasts with strong growth
Business
OECD sees India growth slowing to 6.3% from 7.6% in FY27
Higher energy costs, gas rationing, weaker global demand and increased production expenses are likely to weigh on investment and exports, it said on Wednesday.
Despite the anticipated slowdown, India is expected to remain among the world’s fastest-growing major economies.
Gross domestic product growth is expected to edge slightly up to 6.4% in FY28, according to the Paris-based institution. India imports more than 85% of its crude oil requirements, with about half passing through the Strait of Hormuz, which has remained largely blocked since the start of the Iran war on February 28.
“Rising inflation is expected to weigh on private consumption, while investment slows amid higher oil and gas prices and gas rationing,” said the OECD.

Private consumption growth is expected to moderate to 6.8% in FY27 from 8.2% in FY26, it noted. Growth in gross fixed capital formation, an indicator of investment, is also projected to ease to 6% from 7.1%.
Inflation is forecast to accelerate to 4.8% in FY27, driven by higher food and energy prices as well as currency depreciation. It is expected to ease to 4% in FY28 as commodity prices stabilise and monetary policy tightens.
The OECD anticipates a small rate hike in mid-2026, likely to be reversed in early 2027, leaving interest rates close to neutral levels. The Reserve Bank of India’s monetary policy committee entered its June 3-5 meeting with the repo rate at 5.25% and a neutral policy stance.
India’s current account deficit is expected to widen to 2.1% of GDP in FY27, reflecting higher energy import costs and weaker external demand.
Globally, the OECD expects GDP growth to slow to 2.8% in 2026 from 3.4% in 2025. In a scenario of prolonged disruption from the Middle East conflict, growth could weaken to 2.1% this year. “The global economy entered 2026 with robust momentum, but the outlook has weakened significantly since the start of the conflict in the Middle East, with effects likely to be felt for some time. The longer the disruptions last, the larger the economic and social costs become,” OECD secretary-general Mathias Cormann said.
Business
Perth tech firm Innovaero boosts board ahead of IPO
Perth-based aerial technology company Innovaero is planning to raise up to $50 million to accelerate the development of its military drones and pursue other programs.
Business
Fed Beige Book finds inflation surging across most districts on energy
Cetera chief investment officer Gene Goldman discusses current market optimism and recommends diversifying into technology and healthcare sectors on ‘The Claman Countdown.’
A new report from the Federal Reserve finds that inflation is pushing prices higher at a strong pace in most of its regional districts around the country, driven by the surge in energy prices.
The Fed on Wednesday released its latest edition of the Beige Book, which summarizes economic conditions in each of the Fed’s 12 regional districts and is published eight times a year.
“Prices increased at a moderate to strong pace overall, with most Districts reporting higher inflation from the previous report,” the Fed’s national summary explained.
“Districts noted that energy-related costs tied to the conflict in the Middle East were the primary driver of inflationary pressures, with spillovers into shipping, packaging, groceries, and fertilizer,” it added, with the Cleveland Fed noting increased fuel surcharges.
HIGH ENERGY PRICES RISK KEEPING INFLATION ABOVE 2% TARGET, CONCERNING FED POLICYMAKERS

Inflation has surged in recent months as the Iran war pushed energy prices higher. (Robert Nickelsberg/Getty Images)
Input costs that are unrelated to labor were rising at a faster pace than selling prices, which contributed to “broader concerns about margin compression” among businesses.
“The ability to pass on higher costs remained mixed across sectors, particularly among consumer-facing firms. Consumer uncertainty and concerns about fuel prices impacting households were noted by several Districts,” the report said.
Despite the disruption of the energy market driving inflation and price increases for consumers, the report noted that producers remain leery of expanding output due to uncertainty.
KEVIN HASSETT SAYS INFLATION WILL DROP SHARPLY ONCE STRAIT OF HORMUZ REOPENS

Gas prices are about 36% higher than a year ago due to the disruption of Middle East oil supplies, according to AAA data. (Angus Mordant/Bloomberg)
“Energy activity increased in two of the markets, but Districts reported that the outlook remains highly uncertain leading producers to hold off on materially expanding activity,” the Beige Book explained.
Higher costs for fuel and fertilizer also contributed to agricultural conditions remaining flat or declining in most of the districts, as farms face cost pressures for key inputs and transportation.
Economic uncertainty is also weighing on expectations for growth around the country, as the report explained that “business outlooks for the next six months reported to have little change in anticipated growth, as elevated uncertainty and signs of weakening consumer spending weighed on sentiment.”
FED’S FAVORED INFLATION GAUGE REMAINED ELEVATED IN APRIL

High energy costs are showing signs of spilling over into prices for other goods due to elevated fuel costs. (Robert Nickelsberg/Getty Images)
Inflation has jumped this year amid the Iran war’s impact on energy flows from the Middle East, after it remained elevated and trended higher in 2025 as higher tariffs pushed prices higher.
The most recent data from the Bureau of Labor Statistics shows that the consumer price index (CPI) – a key inflation metric – was up 3.8% from a year ago in April. That figure is well above the Fed’s long-term goal of 2% inflation and represents a notable increase from the 3.3% annual CPI reading in March, which itself was significantly higher than the 2.4% year-over-year inflation recorded in February.
The persistent inflation has dimmed the market’s outlook for interest rate cuts this year, with the CME FedWatch tool showing a higher probability for rate hikes before the end of this year than cuts.
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As of Wednesday afternoon, the tool shows a 40.9% chance that the Fed’s benchmark rate remains at its current range of 3.5% to 3.75% through the central bank’s December, with a 41.7% chance of a 25 basis point rate hike by that time.
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