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A 26-year-old San Antonio man faces felony charges after authorities say he made online threats to bomb a Turning Point USA event and kill its CEO Erika Kirk, prompting an arrest days before the conservative organization’s Women’s Leadership Summit.

Jacob Wenske was taken into custody early Thursday on two counts of making a terroristic threat causing public fear of serious bodily injury, a third-degree felony. Each charge carries a potential penalty of up to 10 years in prison. He remained in custody with a $120,000 bond as of late May.

According to court documents obtained by local investigators, Wenske allegedly posted threats in response to a public social media announcement about the upcoming summit. One comment reportedly stated, “I know exactly where to bomb.”

An email account linked to Wenske also sent a message to Turning Point USA stating, “Death to Erika Kirk and every single speaker there!!” according to the arrest affidavit. Additional posts referenced acting as a “valet for her escort” and driving “Charlie Kirk’s scum wife straight to the grave.”

Background on the targeted event

The Turning Point USA Women’s Leadership Summit is scheduled for June 5-7 at the Marriott Rivercenter on the San Antonio River Walk. Kirk, 37, widow of the late conservative activist Charlie Kirk, is set to appear as a featured speaker. The organization has not commented publicly on security adjustments but has indicated it takes such threats seriously.

San Antonio Police Department officers arrested Wenske following an investigation that traced the online activity. The threats surfaced in April and January, prompting coordination between local law enforcement and event organizers.

No explosives or weapons were reported in connection with Wenske, and authorities have not indicated any active plot beyond the alleged online statements. The case highlights growing concerns over political violence and online rhetoric targeting public figures.

Context surrounding Erika Kirk

Erika Kirk assumed a prominent role at Turning Point USA following the 2025 assassination of her husband, Charlie Kirk, founder of the conservative youth organization. She has continued advocating for the group’s mission of promoting conservative values on college campuses and among young Americans.

The threats come amid heightened national sensitivity to political violence. Law enforcement agencies across the country have reported increased threats against public officials and event organizers in recent years, particularly those tied to partisan gatherings.

Turning Point USA events often draw large crowds and significant media attention. The San Antonio summit is expected to feature multiple conservative speakers and workshops focused on leadership development.

Legal proceedings and investigation

Wenske faces charges under Texas law for terroristic threats, which apply when statements are deemed to create public fear of serious bodily injury or disruption. Prosecutors in Bexar County will handle the case. Court records show standard processing following the arrest.

Investigators examined social media posts, email records and other digital evidence. The rapid response underscores improved monitoring of online threats ahead of major public events.

No additional suspects have been identified. Authorities encourage anyone with relevant information to contact the San Antonio Police Department.

Broader implications for event security

The incident reflects challenges in securing large-scale political and ideological gatherings. Organizers of similar events nationwide increasingly rely on private security, K-9 units and coordination with local law enforcement to mitigate risks.

Free speech advocates note the fine line between protected expression and actionable threats, while security experts emphasize proactive monitoring of digital platforms. Federal agencies sometimes assist in high-profile cases involving potential interstate elements, though this matter has remained at the local level so far.

San Antonio, a major convention city, hosts numerous large events annually. The River Walk area, where the Marriott Rivercenter is located, typically sees heavy tourist and business traffic, making threat assessments more complex.

Community and organizational response

Turning Point USA has a history of facing protests and occasional disruptions at its events. The organization has previously emphasized resilience in the face of opposition. Kirk herself has spoken publicly about continuing her late husband’s work despite personal challenges.

Local conservative groups in San Antonio expressed concern over the threats, while city officials reiterated commitment to protecting free assembly and speech. No formal statements from Kirk were available as of Friday.

The case has drawn national media coverage, appearing on outlets including Fox News and local Texas stations. Discussions have focused on the rise of doxxing and targeted online harassment against political figures.

Looking ahead

The summit is expected to proceed as planned with enhanced security measures. Organizers typically implement bag checks, credentialing and surveillance for such gatherings. Attendees are advised to follow any updated protocols.

Legal experts following the case suggest it may hinge on proving the statements were true threats rather than protected hyperbole — a determination often made based on context, specificity and the speaker’s intent. Similar prosecutions have succeeded when evidence shows targeted individuals or locations.

This arrest serves as a reminder of the tensions in America’s polarized political climate. As major events continue throughout 2026, authorities and organizers remain vigilant against both online incitement and real-world risks.

Wenske is presumed innocent until proven guilty in a court of law. His next court appearance has not been publicly detailed in initial filings.

Anyone with information related to the case is asked to contact San Antonio police. The investigation remains active as prosecutors build their case.

This article was written by

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Los Angeles Lakers star Luka Dončić has joined a group led by former Dallas Mavericks executive Donnie Nelson to purchase Italian club Vanoli Cremona, with plans to relocate the team to Rome and position it as a candidate for the NBA’s proposed European league.

The transaction, announced Friday, marks a significant step in Dončić’s post-playing ambitions and Nelson’s continued involvement in basketball development. The group intends to move the club from the northern Italian city of Cremona to the Italian capital ahead of the 2026-27 season in Lega Basket Serie A.

Nelson, who served as Mavericks president of basketball operations when Dallas drafted Dončić in 2018, acts as lead investor and managing partner. The ownership group also includes longtime Italian coach Valerio Bianchini and former player Rimantas Kaukėnas.

Strategic relocation to Rome

Cremona, known for its violin-making tradition, currently hosts the team. The relocation to Rome aims to tap into a larger market with stronger infrastructure and fan potential. Rome has lacked a top-tier professional basketball club since Virtus Roma’s struggles in recent years.

The new owners have already submitted a bid for the franchise to serve as Rome’s representative in NBA Europe, the league expected to launch as early as 2027. NBA officials have discussed a 16-team competition in partnership with FIBA to expand the game’s global footprint.

Dončić expressed enthusiasm for the project. He has “dreamed about owning a team in Europe for a long time” and believes “we can do something special for basketball in Italy and Europe.”

The Slovenian superstar, who rose through European ranks with Real Madrid before joining the NBA, sees the move as a way to give back to the continent that shaped his career.

Background and partnership

Nelson played a pivotal role in bringing Dončić to the Mavericks. The pair’s longstanding relationship formed the foundation for this business venture. Reports of their interest in an Italian club first surfaced in February.

The acquisition comes as Dončić, now with the Lakers, continues his NBA career at an elite level. Ownership in a European club does not currently violate NBA rules regarding future league participation, though final NBA Europe structures remain under discussion.

Nelson, son of Hall of Fame coach Don Nelson, brings decades of NBA front-office experience. His vision focuses on building sustainable professional basketball in major European cities.

NBA Europe context

The NBA has signaled strong interest in formalizing a European presence. Discussions include potential integration with existing competitions like EuroLeague while creating a new tier featuring NBA-affiliated teams. Cities such as Rome represent attractive markets due to population size, cultural significance and untapped commercial opportunities.

Rome’s PalaEur arena has been mentioned as a potential venue. The city last hosted consistent top-level basketball years ago, creating demand for a competitive franchise.

Analysts view the Dončić-Nelson bid as strategically timed. A successful entry could provide a blueprint for player-driven ownership in emerging leagues and strengthen ties between the NBA and European basketball ecosystems.

Impact on Italian basketball

The move ends Vanoli Cremona’s presence in its current location but promises elevated competition in Rome. Italian league officials have welcomed investment that raises the profile of Serie A.

Local fans in Cremona expressed mixed reactions, with some disappointed by the departure while others recognize the broader benefits for Italian basketball. The club has competed in the top division but faced challenges in sustaining long-term success.

Bianchini and Kaukėnas bring deep local expertise. Bianchini is a respected coach with multiple titles, while Kaukėnas enjoyed a successful playing career in Italy and Lithuania. Their involvement ensures continuity and cultural understanding.

Financial and operational outlook

Specific purchase terms were not disclosed. European club valuations vary based on league status, arena rights and commercial potential. Rome’s larger market could significantly increase the franchise’s value if it secures an NBA Europe spot.

The group plans immediate preparations for the 2026-27 season in Rome, including roster planning, marketing and infrastructure upgrades. Success in Serie A could strengthen their NBA Europe application.

Dončić’s star power is expected to boost visibility. His global following could attract sponsorships and international attention to the new Roman club.

Broader implications for player ownership

Dončić becomes one of the first active NBA players to pursue ownership in a professional team outside the United States. This development raises questions about future regulations as the NBA expands globally.

League officials have indicated flexibility during the planning phase for NBA Europe. The initiative aims to grow the sport while protecting the integrity of the NBA’s flagship competition.

For Dončić, the project aligns with his European roots. Born in Slovenia, he developed his game in Spain and maintains strong ties across the continent. The investment represents a long-term commitment beyond his playing days.

Next steps and timeline

The relocated team will begin play in Rome for the 2026-27 Italian season. NBA Europe’s launch target of 2027 provides a clear horizon for the bid’s evaluation. Multiple groups are reportedly competing for various European markets.

Nelson emphasized the opportunity. “Rome deserves world-class basketball, and we are excited to be bringing it back,” he said in a statement.

Dončić posted on social media celebrating the news: “Basketball is coming back to Rome.”

The venture has drawn positive reactions from basketball executives on both sides of the Atlantic. It could accelerate development in markets hungry for high-level competition and create pathways for European talent to reach the NBA.

As details emerge in coming weeks, attention will focus on roster construction, coaching staff and arena arrangements. The collaboration between a current NBA superstar and a veteran executive signals serious intent to elevate basketball in Italy and beyond.

This initiative underscores the growing convergence of American and European basketball. With Dončić’s involvement, the new Roman club carries both sporting ambition and cultural significance for fans across the continent.

Get ahead of the market by subscribing to Seeking Alpha’s Wall Street Week Ahead, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports, and conference presentations.

The stock market opened higher as traders kept a close watch on any updates related to the U.S.-Iran conflict amid reports of fresh strikes. The U.S. and Iran have reportedly reached a deal; however, President Donald Trump will have to give the final approval. Reports suggested that Iran had launched missiles. The wholesale inventories’ growth slowed less than expected in April, while retail growth came in line.

Major economic data are scheduled for the coming week. S&P Global and ISM Manufacturing PMI data are scheduled for Monday. JOLTS job opening data is due on Tuesday. On Wednesday, data including S&P Global services and composite PMI and ISM non-manufacturing PMI will be released. Initial jobless claims will be out on Thursday, while nonfarm payrolls and the unemployment rate will be released on Friday.

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Earnings spotlight: Monday: Hewlett Packard (HPE) and Credo Technology (CRDO). See the full earnings calendar.

Earnings spotlight: Tuesday: Palo Alto Networks (PANW) and Ulta Beauty (ULTA). See the full earnings calendar.

Earnings spotlight: Wednesday: Broadcom (AVGO), CrowdStrike (CRWD), and Medtronic (MDT). See the full earnings calendar.

Earnings spotlight: Thursday: Ciena Corp. (CIEN), lululemon (LULU), and DocuSign (DOCU). See the full earnings calendar.

Volatility watch: Netflix (NFLX) and Globalstar (GSAT) have seen options volatility increase over the last week. The most overbought stocks per their 14-day relative strength index include Momentus (MNTS), Hyliion (HYLN), and Redwire (RDW). The most oversold stocks per their 14-day Relative Strength Index include Verra Mobility (

Warren Buffett’s Berkshire Hathaway executed one of its most significant portfolio overhauls in years during the first quarter of 2026, selling stakes in 16 companies while initiating new positions and boosting others as Greg Abel assumed the CEO role.

The conglomerate’s equity portfolio contracted from about $274 billion to $263 billion, with the number of holdings dropping from around 40 to 29. Berkshire was a net seller, purchasing roughly $16 billion in stocks while selling $24 billion.

Buffett, who stepped down as CEO at the end of 2025 but remains chairman and involved in investment decisions, oversaw the transition period. The Q1 13F filing, released May 15, reflects Abel’s first full quarter leading day-to-day operations.

Key sales and complete exits

Berkshire fully exited several positions, including long-held or more recent stakes. Complete sells included Visa, Mastercard, UnitedHealth Group, Domino’s Pizza, Amazon, Aon, Pool Corp., and others such as Heico, Liberty Media entities, Charter Communications, Lamar Advertising, Allegion, Diageo, Liberty Latin America, and Atlanta Braves Holdings.

Visa and Mastercard exits totaled billions, reflecting a departure from payment processors. The remaining Amazon shares were sold after prior reductions. UnitedHealth and Domino’s also saw full liquidation.

Trimmed positions included Bank of America, Chevron (cut substantially), DaVita, Nucor, and Constellation Brands. Chevron’s reduction was among the largest adjustments despite remaining a top holding.

Notable buys and increases

Berkshire initiated new stakes in Delta Air Lines and Macy’s. The Delta position reached 39.8 million shares, valued at about $2.8 billion, marking a return to airlines after a full exit in 2020 during the pandemic.

The company significantly boosted its Alphabet holdings. Shares of Alphabet Class A (GOOGL) increased by more than 200%, reaching around 54.2 million shares worth roughly $15.6 billion. A new position in Alphabet Class C (GOOG) added about 3.6 million shares valued near $1 billion.

Berkshire also added to existing positions in Chubb and the New York Times, tripling its NYT stake in some reports from prior quarters.

Top holdings remain concentrated

The portfolio stayed highly concentrated, with the top five holdings — Apple, American Express, Coca-Cola, Bank of America, and Chevron — accounting for about 68% of the equity portfolio. Apple alone represented around 22%.

American Express held steady as a core long-term position. Coca-Cola, a decades-long holding, saw no major changes. These “core” names underscore continuity even amid broader adjustments.

Context of the transition

The moves come as Abel reshapes aspects of the portfolio, including unwinding certain positions previously associated with former managers Todd Combs and Ted Weschler. Combs left at the end of 2025.

Berkshire repurchased $234 million of its own shares in the quarter at 144% of book value. Cash levels remained elevated, consistent with recent trends of net stock sales.

Analysts note the portfolio’s concentration and focus on high-quality businesses with durable advantages. Many sales targeted higher-valuation or cyclical names, while additions like Delta reflect opportunistic buying in beaten-down sectors.

Market reaction and implications

The 13F disclosure prompted varied responses. Some investors viewed the Alphabet increase as a nod to technology and AI growth, despite Buffett’s historical caution toward the sector. Delta’s re-entry highlighted potential value in travel recovery.

Exits from payment giants and health care names like UnitedHealth raised questions about sector rotation. Shares of several sold companies saw limited immediate movement, though UnitedHealth traded lower in after-hours following the news.

As of late May 2026, Berkshire’s strategy continues emphasizing long-term value, capital allocation, and insurance float leverage. The company’s Japanese trading house investments, including stakes in companies like Mitsubishi and Marubeni, remain outside the U.S. equity 13F but contribute to overall returns.

Broader investment landscape

Berkshire’s activity occurs against a backdrop of elevated market valuations, interest rate uncertainty, and sector shifts driven by artificial intelligence and energy demand. The portfolio’s reduction in holdings reflects a more focused approach.

Buffett has reiterated in past communications the importance of buying wonderful businesses at fair prices and holding them long-term. While Abel steers day-to-day decisions, continuity with Buffett’s philosophy appears evident in core holdings.

Investors tracking Berkshire often use 13F filings as a delayed signal of strategy, though the conglomerate’s size limits agility compared to smaller funds. Future quarters will reveal whether Q1 changes represent a one-time reset or ongoing evolution.

Looking ahead in 2026

With half the year remaining, additional 13F updates will provide further insight into Berkshire’s direction under Abel. The company’s annual meeting in May offered shareholder perspectives, though specific stock picks remain disclosed quarterly.

Berkshire’s cash pile and operational strength provide flexibility for opportunistic deployments. Analysts will watch for activity in energy, financials, and consumer sectors where the firm has historically excelled.

As always, individual investors should conduct their own due diligence. Berkshire’s moves reflect its unique scale, time horizon, and risk tolerance rather than general recommendations. Stock prices fluctuate, and past performance is no guarantee of future results.