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President Trump considers $10 billion bailout for farmers. The US soybean industry is in dire straits: The harvesting season is underway, and China hasn’t bought a single bushel since May, while protracted trade negotiations between the United States and the world’s largest soybean customer linger on. According to the Wall Street Journal’s analysis of federal data, US soybean farmers stand to lose $100 per acre this year due to falling crop prices and increased costs for fertilizer and equipment. President Trump is reportedly exploring ways to ease the strain on farmers, and he’s expected to announce solutions soon. Last Wednesday on Truth Social, he mentioned potentially sharing a percentage of proceeds from tariffs with embattled farmers.
Govt shutdown expected to continue another week. If you’re wondering what new developments you missed in Congress’s impasse, the answer is…not many. Both Democrats and Republicans remain entrenched in their belief that each has the upper hand in the argument. The Senate will reconvene this afternoon, with votes on the two competing continuing resolutions that led the government to shut down last week scheduled for 5:30pm ET, meaning the government cannot reopen before then. The House will remain out of town after Speaker Mike Johnson declared Oct. 7 through Oct. 13 “a district work period” while Washington is in disarray. Kevin Hassett, the director of the National Economic Council, said on CNN’s State of the Union yesterday that mass firings of federal workers would begin “if the president decides that the negotiations are absolutely going nowhere.”
Taylor Swift banked $33m domestically for only-in-theaters event. This weekend, to celebrate the release of The Life of a Showgirl, Taylor Swift hosted a “release party,” which was actually a movie, which was actually an 89-minute presentation of a music video and behind-the-scenes footage and commentary shown at participating cinemas for three days. Taylor Swift: The Official Release Party of a Showgirl was distributed by AMC to over 3,700 theaters in the US and Canada. While it debuted at No. 1 at the North American box office, it won’t be defending its slot next weekend, as it left theaters yesterday. The event was only announced two weeks ago and received minimal promotion, but struggling theater owners were nonetheless grateful for the lovely bouquet.—HVL
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