President Trump pledged to protect Social Security benefits and proposed eliminating fraud, resonating with senior voters, yet the program faces a serious funding crisis with deficits projected to reach $3 trillion over the next decade. Despite Trump’s efforts to reduce administrative expenses and strengthen identity proofing at the Social Security Administration, the savings achieved are insufficient to address the funding shortfall, potentially leading to benefit cuts in 2035.
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3 Reasons Lucid Stock Is Sliding Despite Record Q1 Deliveries
Investors in Lucid Group saw a slide in stock despite record first-quarter deliveries of 3,109 vehicles, raising $1 billion in convertible debt, and weaker revenue guidance for the quarter. Concerns over the impact of President Trump's tariffs on the supply chain and recent management transition also added to the stock's decline. However, investors are advised not to panic as upcoming earnings reports and the launch of the Gravity SUV could boost deliveries and revenue. Full...
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