Live from NPR News in Washington, I'm Lynda Kenyan.
The Trump administration says it has struck a deal to take majority ownership over several Venezuelan oil fields.
President Trump says this agreement would give the U.S. control of 65 billion barrels
worth of oil. But NPR's Julius Simon reports that's not the entire story. This may sound like a lot, but Pasha Madavi, he's Associate Professor of Political Science at University of California, Santa Barbara, and he says there's more to the story. My initial reaction of Trump announcing taking 65 billion barrels is quite a shock.
I mean, in context, that's a huge amount of oil. It's 20% of the country's proven reserves. But then upon reflection, you start to look at the deal and you say, well, is Trump
“actually taking these oil reserves? Is the U.S. nationalizing Venezuela's oil?”
The answer is no. The president says this deal could substantially lower oil prices, but it could take several years to extract and then refine the oil. The premier of Ontario is fighting back over President Trump's renaming of Lake Ontario, as Dan Carpinshuk reports.
Doug Ford has unveiled a large sign that sends a clear message to the White House. The sign at the small lakeside community of Winona on the outskirts of Hamilton reads Lake Ontario, now and always. An Ontario premier Doug Ford says the message to President Trump is that Canadians are resilient
and, quote, will never ever back down from a bully.
Ford echoed what Prime Minister Carney had said a couple of days ago that Trump can call it whatever he wants, but he says the rest of the world will always call it Lake Ontario.
“Tensions have been frayed since trade negotiations collapsed more than a week ago.”
Each side accusing the other of wanting changes just before a deadline for a new 50 percent tariffs on Canadian goods to kick in. Ottawa unveiled retaliatory tariffs, which will take effect on September the 8th. For NPR News, I'm Dan Carpinshuk, in Toronto. Russian strikes this weekend have killed at least 37 people in Ukraine.
NPR's Johanna Kicsis has the story. Officials in the Bootsha District near Kiev said Russian strikes there had damaged at least 50 apartment buildings and caused a large fire in a social media post Ukrainian President Volodymyr Zelensky hinted that a warehouse that was hit in the village of Mela may have stored ammunition.
He said that investigators are looking into charges of negligence. Said he could at ski, the new Prime Minister Zelensky appointed the summer, said those
“responsible must be quote severely punished.”
Russia's defense ministry said an assstatement that it had targeted a warehouse in Mela that had parts for long-range drones. Ukraine has used long-range drones this year to strike the Kremlin's warm machine, Joanna Kicsis and PR News. You're listening to NPR News.
Mission managers say all systems are ready for launch from the Kennedy Space Center tomorrow morning of NASA's latest space telescope, as long as the weather cooperates, drove Joe Palco reports. The good news is to potentially major storms in the Atlantic face and won't pose a problem. But launch weather officer Justin McRennelts of the U.S. Space Force says local weather
off the floor to coast means there's a 50/50 chance of a launch. We believe there's going to be some weather around, it's the question of, is the weather going to be over the pad or away from the pad? If weather does cause a delay, there's another launch opportunity on Monday morning.
Once in space, the Nancy Grace Roman Space Telescope will head to a point about a million
miles from Earth, where it will conduct its five-year mission. It's intended to search for new planets and galaxies, as well as a special type of exploding star called a Type 1A Supernova. For NPR News, I'm Joe Palco. A former White House teleprompter operator, accused of using inside knowledge to make bets on
the prediction market Calcy, has been ordered to turn over more than $100,000 in profits. He also must pay $65,000, as part of a federal settlement. In addition, this settlement with the commodity futures trading commission includes a three-year trading ban for that teleprompter operator Gabriel Perez. He was placed on unpaid leave from his job at the White House after reports he used his
position to make bets on what President Trump would say in his speeches. This message comes from the NPR wine club, which is generated over $1.75 million to support NPR. Whether buying a few bottles or joining the club, learn more at NPR wineclub.org/podcast must be 21 or older to purchase.
