🌊 First Breakup of Pride Month

Here comes the first deportation to Mars.

Ahh, you know how it goes: One minute you’re best friends with someone and the next they’re reporting you for being on the Epstein list. And then the next after that you’re bragging about getting you elected leader of the free world despite knowing you were on the Epstein list. Ugh, we’ve all been there, haven’t we?
朋友背叛指控 Epstein 名單，吹噓選舉成功，我們都經歷過。

Yesterday was the Super Bowl for chronically online people (and Musk’s Ketamine dealer), and we’ll admit that we were glued to our phones for the entire afternoon. But don’t worry — it’ll all be over soon since both of them love taking the high road.

Time for some 20 Questions!

–Max and Max

KEY STORY

Trump and Elon Break Up

President Trump and Elon Musk's relationship deteriorated into a public feud, sparked by disagreements over the "One Big Beautiful Bill"

• Musk criticized the bill for its potential to increase the national deficit and its cuts to electric vehicle subsidies

• Trump defended the bill and called Musk “crazy” while threatening to cut government contracts with Musk’s businesses, leading to a 15% ($150B) drop in Tesla's stock value

• The conflict escalated with Musk accusing Trump of being mentioned in the Epstein files and calling for his impeachment

Dig Deeper

• In a series of statements and online posts, Trump called Musk “crazy,” suggested that he “asked [Musk] to leave” the government, and claimed that Musk only opposed the bill because it would end policies that helped Tesla. Trump also accused Musk of suffering from “Trump Derangement Syndrome”

• Musk, in turn, accused Trump of “being in the Epstein files” and claimed that was “the real reason they have not been made public”

• He continued to retaliate by calling for Trump’s impeachment, suggesting that he may fund the creation of a new political party, and stating that Trump would not have won the 2024 election without Musk’s support

• “Without me, Trump would have lost the election…Such ingratitude,” he posted on X

• As the feud escalated, Trump threatened to “terminate Elon’s Governmental Subsidies and Contracts”

• Musk responded, “In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately,” referring to a SpaceX spacecraft that is currently the US’ only option to bring astronauts to space

• The clash led Tesla’s stock to end the day down 15% – wiping out roughly $150B in value

KEY STORY

New Travel Ban

President Trump enacted a new travel ban, citing national security concerns

• The order includes 19 countries the White House said had “deficient” immigration vetting practices and high visa overstay rates. 12 countries’ people are fully banned, while 7 face a partial ban

• Six of the banned countries are overwhelmingly Muslim (Afghanistan, Iran, Libya, Yemen, Somalia, and Sudan); six are not (Haiti, Chad, Republic of the Congo, Equatorial Guinea, Eritrea, and Myanmar)

Dig Deeper 

• Critics argued that the new ban is too wide and discriminatory. Senator Markey (D-MA) posted, “Trump’s latest travel ban will NOT make America safer. We cannot continue to allow the Trump administration to write bigotry and hatred into US immigration policy”

• Trump called the bans a “key part of preventing major foreign terror attacks on American soil” and in a video posted online said, “The recent terror attack in Boulder, Colorado has underscored the extreme dangers posed to our country by the entry of foreign nationals who are not properly vetted”

QUOTE OF THE DAY

ROCA’S SPONSOR

Is This Company the Tesla for Houses?

Together with BOXABL

Most car factories like Ford or Tesla reportedly build one car per minute. Isn’t it time we do that for houses? 

• BOXABL believes they have the technology to disrupt a massive and outdated trillion dollar building construction market by bringing assembly line automation to the home industry

• Since securing its initial prototype order from SpaceX and a subsequent project order of 156 homes from the Department of Defense, BOXABL has made substantial strides in streamlining its manufacturing and order process

• BOXABL is now delivering to developers and consumers. And they just reserved the ticker symbol BXBL on Nasdaq*

• BOXABL has raised over $200M from over 50,000 investors since 2020
  BOXABL 自 2020 年籌集超過 2 億美元，來自 5 萬投資者。

• They recently achieved a significant milestone: raising over 50% of their Reg A+ funding limit! 
  達到里程碑，籌集超過 Reg A+資金限額的 50%。

• But the round is closing on June 24th on all platforms, so it’s time to take action. Invest now before it’s too late
  融資輪次 6 月 24 日關閉，敦促立即投資。

Disclosure: This is a paid advertisement for BOXABL’s Regulation A offering. Please read the offering circular here. This is a message from BOXABL
披露：這是 BOXABL 的付費廣告。

*Reserving a Nasdaq ticker does not guarantee a future listing on Nasdaq or indicate that BOXABL meets any of Nasdaq's listing criteria to do so
保留納斯達克代碼不代表上市資格。

KEY STORY

Biden Autopen Probe

President Trump ordered an investigation into whether White House aides unconstitutionally used President Biden’s autopen – a device that replicates a person's signature – to sign official documents
川普下令調查白宮助手是否違憲使用拜登的自動簽名筆。

• An autopen was used to issue hundreds of pardons, potentially including Dr. Fauci’s and other Trump opponents. Trump has claimed Biden wasn’t capable of ordering this himself, given his mental state
  自動筆用於赦免，包括福奇；川普質疑拜登精神能力。

• Trump has doubled down on these claims since the recent book Original Sin, which suggested that aides were making decisions in Biden’s place. Trump has now ordered an investigation into whether figures other than Biden ordered the use of the autopen
  川普基於新書指控，下令調查誰下令使用自動筆。

Dig Deeper 

• The White House released a memo this week that said, “Given clear indications that President Biden lacked the capacity to exercise his Presidential authority, if his advisors secretly used the mechanical signature pen to conceal this incapacity while taking radical executive actions in his name, that would constitute an unconstitutional wielding of presidential power”
  白宮備忘錄稱，若助手秘密使用自動筆隱瞞拜登無能，可能違憲。

• President Biden dismissed the allegations as “nothing more than a distraction.” In a statement, he asserted, “Let me be clear: I made the decisions during my presidency. I made the decisions about the pardons, executive orders, legislation, and proclamations. Any suggestion that I didn’t is ridiculous and false”
  拜登否認指控，稱自己做了所有決定。

KEY STORY

Palantir and the Government

Palantir’s stock has risen 74% in the last year, driven by government contracts that have sparked debate over data privacy concerns
Palantir 股價漲 74%，政府合約引發隱私擔憂。

• Founded in 2003, Palantir is a tech firm specializing in using big data analytics for national security. It has worked extensively with the US government and has secured over $800M in new federal contracts this year alone, including with ICE, the Department of Defense, and Fannie Mae
  Palantir 成立於 2003 年，專攻大數據分析，今年獲 8 億美元政府合約。

• Palantir has increasingly become the subject of criticism that its technology could enable unprecedented surveillance. Meanwhile, its stock has been one of the world’s best performers
  Palantir 被批評可能用於監視，股價表現優異。

Dig Deeper

• In late May, the New York Times published an article speculating that Palantir could merge the data it has access to from government contracts, thereby building a database full of Americans' sensitive information
  紐約時報推測 Palantir 可能合併數據建敏感資訊資料庫。

• Palantir rebuked the NYT, posting, “Palantir never collects data to unlawfully surveil Americans, and our Foundry platform employs granular security protections”
  Palantir 反駁，稱從不非法監視美國人。

KEY STORY

Supreme Court Unity

The US Supreme Court delivered a series of unanimous decisions on contentious issues
最高法院發布一系列一致裁決。

• In one, the court ruled that “majority” groups (heterosexuals, whites, etc.) do not need to meet higher legal standards to claim discrimination
  裁決：多數群體不需更高標準聲稱歧視。

• In a second, they dismissed Mexico's $10B lawsuit that alleged US gun manufacturers had facilitated illegal firearms trafficking to Mexican cartels
  駁回墨西哥 100 億美元訴訟，指控美國槍械製造商助長販運。

• And a third ruled that Wisconsin discriminated against the Catholic Charities Bureau by failing to grant it a religious tax exemption
  裁決威斯康辛州歧視天主教慈善機構，未給予宗教稅豁免。

Dig Deeper

• The decisions came as SCOTUS concludes its 2024 term. Typically, the court’s summer decisions include divisions on ideological lines, and the court currently has a 6-3 conservative majority
  最高法院結束 2024 年任期，有 6-3 保守多數。

• The most controversial decisions are expected later this month
  最具爭議裁決預計本月晚些時候。

RUNDOWN
Some Quick Stories for the Office

🕊️ The US vetoed a UN Security Council resolution that demanded an unconditional cease-fire in Gaza
美國否決聯合國加薩無條件停火決議。

📉 The European Central Bank lowered its key interest rate to 2%, its lowest level since early 2023, citing easing inflation and slowing growth
歐洲央行降息至 2%，因通膨緩解和增長放緩。

🇺🇸 Former White House Press Secretary Karine Jean-Pierre announced she has left the Democratic Party and registered as an independent
前白宮新聞秘書 Karine Jean-Pierre 宣布退出民主黨，註冊為獨立人士。

☎️ President Trump and Chinese leader Xi Jinping held a phone call focused on trade, agreeing to resume negotiations and extend invitations for state visits
川普總統和中國領導人習近平通電話討論貿易，同意重啟談判並邀請國事訪問。

🪖 The US Army met its fiscal year 2025 recruiting target of 61,000 active-duty soldiers in June, four months ahead of its September 30 deadline
美國陸軍在六月達成 2025 財年招募 6.1 萬名現役士兵目標，比 9 月 30 日截止提前四個月。

What does Roca Nation think?

🧠 Yesterday’s Question: What’s an issue that your liberal and conservative friends can agree on?
昨日問題：你的自由派和保守派朋友能達成共識的議題是什麼？

20 Questions!

Ladies and gentlemen, the Weeknd.
各位，威肯。

The people have spoken again and here's another trivia-themed 20 Questions. This time we're doing movie trivia. Next week we'll do a fill-in-the-blank Trump-Musk breakup trivia edition of 20 Questions where we give you a Tweet with a missing word and you have to complete the insult. If you autofill the quiz with "LIGHTWEIGHT" or "LOSER" you'll probably get a 10%.
本周推出電影猜謎版「20 個問題」，下週將推出川普與馬斯克的填詞遊戲特別篇：我們提供缺字的推文，請完成該句侮辱詞。若直接填入「LIGHTWEIGHT」或「LOSER」等詞，得分可能僅 10 分。

Have a great weekend.

Link to 20 Questions!

Last Week’s Responses

Finish the quote: "That which does not kill us makes us stronger." - Nietzsche
殺不死我的，必使我更強。—尼采
Finish the quote: "Give me liberty or give me death!" - Patrick Henry
完成引言："給我自由，否則就給我死亡！" - 帕特里克·亨利
Finish the quote: "We shall fight on the beaches." - Winston Churchill
完成引言："我們將在海灘上戰鬥。" - 溫斯頓·邱吉爾
In what state did the 1969 Woodstock music festival take place? New York
1969 年伍德斯托克音樂節在紐約州舉行。
Which US President played football at Michigan? Gerald Ford
傑拉爾德·福特總統在密歇根大學打美式足球。
Name a college besides Michigan that's produced a US President and Super Bowl-winning QB (there are four others). Delaware: Biden/Flacco; Miami (OH): Harrison/Big Ben; Michigan: Ford/Brady; Stanford: Hoover/Elway/Plunkett; and Navy: Carter/Staubach
除密歇根外，大學：特拉華（拜登/弗拉科）、邁阿密（OH）（哈里森/大本）、史丹佛（胡佛/艾爾韋/普倫基特）、海軍（卡特/斯陶巴赫）。
Who was the main author of the Declaration of Independence? Thomas Jefferson
湯瑪斯·傑佛遜是獨立宣言的主要作者。
Who was the main author of the Constitution? James Madison
詹姆斯·麥迪遜是憲法的主要作者。
What was the name of the pandemic that killed millions worldwide from 1918 to 1919? Spanish Flu
1918-1919 年大流行稱為西班牙流感。
Which 18th-century queen ruled Russia for 34 years and is known for her reforms? Catherine the Great
凱薩琳大帝在 18 世紀統治俄羅斯 34 年，以改革聞名。
What unusual thing did Roman Emperor Caligula reportedly try to appoint as a consul in the 1st century AD? His horse (Incitatus)
卡利古拉皇帝據報試圖任命他的馬 Incitatus 為執政官。
Which 19th-century U.S. showman claimed his circus was the “Greatest Show on Earth”? P.T. Barnum
P.T. Barnum 聲稱他的馬戲團是"地球上最偉大的表演"。
Which English queen ruled for over 60 years in the 19th century? Queen Victoria
維多利亞女王在 19 世紀統治超過 60 年。
What was the name of the document signed in 1215 that limited the power of the English king? Magna Carta
1215 年簽署的文件大憲章限制英國國王權力。
Speaking of royalty, which rapper released the song "Trap Queen" in 2015? Fetty Wap
Fetty Wap 在 2015 年發行歌曲"Trap Queen"。
What was the name of the wall that divided East and West Berlin until 1989? Berlin Wall
柏林圍牆分隔東西柏林直到 1989 年。
In what year did the great nonpartisan news company RocaNews launch? 2020
RocaNews 在 2020 年推出。
In what country is Stonehenge? United Kingdom
巨石陣位於英國。
Which US President served four terms in office? Franklin D. Roosevelt
富蘭克林·D·羅斯福任職四屆美國總統。
Finish the quote: "I may walk slowly but I never walk backward." - Abraham Lincoln
完成引言："我可能走得慢，但我從不後退。" - 亞伯拉罕·林肯

POPCORN
Some Quick Stories for Happy Hour

🧊 Ice-based Cooling Systems: A Manhattan skyscraper is beating the heat – and high electric bills – by using giant blocks of ice instead of traditional air conditioning
🧊曼哈頓摩天大樓以巨型冰塊取代傳統空調抗熱兼省高電費

🐶 Paws and Recreation: Dayton, Texas, unveiled a “Bark Park,” a new community space where dogs and humans can play side by side
德州戴頓揭幕新狗公園，供狗與人一同玩耍。

🦝 Crackhead Raccoon: During a routine traffic stop in Springfield Township, Ohio, officers discovered a pet raccoon sitting in the driver's seat with a meth pipe in its mouth
俄亥俄州春田鎮例行交通攔截中，警官發現寵物浣熊坐在駕駛座，嘴裡叼著冰毒管

🛥️ Flying Boats: In a rare aerial spectacle, Washington state airlifted 14 abandoned boats from Squaxin Island using a firefighter helicopter
華盛頓州使用消防直升機從 Squaxin 島空運 14 艘廢棄船隻，形成罕見空中奇觀

💵 A Costly Decimal Disaster: A special education teacher in California thought she was leaving a $5 tip – but a missing decimal point turned it into a $5,000 charge
加州特殊教育老師本想支付 5 美元小費，卻因小數點缺失而被收取 5000 美元

🍅 Tomato Toss in Colombia: Around 20,000 revelers gathered in Sutamarchán, a town in central Colombia, to throw over 45 tonnes of tomatoes at each other during its annual “Gran Tomatina” celebration
在哥倫比亞中部小鎮 Sutamarchán，約 20,000 名狂歡者於一年一度的「Gran Tomatina」慶祝活動中互相投擲超過 45 噸番茄

ROCA WRAP
Trading Time

Syria

After decades under the Assad dynasty's authoritarian rule and a 14-year civil war, Syria is now attempting to chart a new course after Bashar al-Assad's December ouster.
敘利亞經歷阿薩德家族長期威權統治及 14 年內戰後，隨著巴沙爾·阿薩德於去年 12 月下台，現正試圖尋求新的國家發展方向。

A new government has taken power, Western countries are lifting sanctions, and Middle Eastern countries are making significant investments in Syria. The latest sign of what Syrians hope is a comeback came on Monday, when trading resumed on the Damascus Securities Exchange after a six-month closure that began during the chaotic days leading up to Assad's fall in a lightning rebel offensive.
敘利亞新政權上台後，西方國家解除制裁，中東國家加大投資。週一大馬士革證券交易所在關閉半年後重新開市，此舉被視為該國經濟復甦的重要象徵。該交易所去年因反抗軍閃電攻勢導致阿塞德政權垮台前夕陷入混亂而暫停營運。

Syria’s finance minister said the reopening signals that the country's economy is beginning to recover, and said that the exchange "will operate as a private company and serve as a genuine hub for Syria's economic development, with a strong focus on digital." The minister’s use of the word “private” stands in contrast to the ousted Assad regime, whose Ba’ath party had an Arab socialist ideology.
敘利亞財政部長表示，重新開放顯示經濟開始復甦，交易所將作為私營公司運作，成為發展樞紐，重點聚焦數位化。其使用「私營」一詞與下台的阿薩德政權形成對比，後者的復興黨信奉阿拉伯社會主義意識形態。

The move comes as international restrictions on Syria's financial systems begin to ease, with both the United States and EU lifting wide-ranging sanctions. While the sanctions relief is described as "conditional" and could be resumed if new leader Ahmad al-Sharaa, a former rebel commander, doesn't maintain peace, it’s led to rising optimism.
值此國際對敘利亞金融體系限制鬆綁之際，美國與歐盟相繼解除廣泛制裁。儘管制裁解除附帶「條件性」——若新任領導人、前反叛指揮官阿邁德·沙瑞未能維持和平，制裁可能重啟——此舉仍帶動樂觀情緒持續升溫。

Syria also recently signed a $7B power deal with a consortium of Qatari, Turkish, and US companies for a 5,000-megawatt energy project to revitalize the war-battered electricity grid. The consortium will develop four gas power plans and a solar power plant, which the sides hope will power not just homes and businesses, but Syria’s turnaround.
敘利亞近期與卡達、土耳其及美國企業集團簽署 70 億美元電力協議，將建設 5,000 兆瓦發電計畫，以重建戰火摧殘的電網。該集團將建造四座天然氣電廠及一座太陽能電廠，不僅供應民生與工業用電，更肩負推動敘利亞經濟復甦的使命。

EDITOR’S NOTE
Final Thoughts

Fascinating responses to yesterday’s question. The majority of them had to do with healthcare, Congressional trading and term limits, and corporate corruption in DC. The media rarely focus on these issues; instead they prefer to divide us.
昨天問題的回應很有趣，多數涉及醫療保健、國會交易、任期限制和華盛頓的企業腐敗。媒體鮮少關注這些問題，卻偏好分化群眾。

Thank you for reading Roca. Here’s hoping Dr. Phil is heading to the Oval Office right now! We need an intervention ASAP!
感謝閱讀 Roca。希望 Dr. Phil 立即前往橢圓形辦公室，我們急需干預。

–Max and Max  無文本可濃縮