June 5 News Roundup: Conflict Between Trump and Musk Intensifies, Gaza Ceasefire Blocked, P&G Cuts Jobs

Across the U.S., tensions flared, but none more surprising than the explosive fallout between former allies Donald Trump and Elon Musk.

Yesterday brought the heat, literally and politically.

Who would’ve guessed that two of the most powerful men in America, once united in a public bromance of mutual praise and political alignment, would now be at each other’s throats?

What began as a shared vision for deregulation and tech-driven governance has morphed into a very public, ego-fueled feud. And that wasn’t the only headline.

From global unrest to economic shakeups and cultural buzz, Thursday, June 5, 2025, was packed with stories that shook the world.

Here’s your full rundown of what went down.

U.S. Politics & Policy

Trump Reinstates Controversial Travel Ban

President Donald Trump signed a sweeping new travel ban targeting citizens from 19 countries. Full entry suspensions were placed on 12 nations, while seven face partial restrictions.

The administration cited national security, but critics argue it mirrors the discriminatory approach of his earlier presidency.

Budget Bombshell: Trump’s Signature Bill Stirs Backlash

The “One Big Beautiful Bill Act,” passed narrowly in the House, promises deep tax cuts and expanded defense spending. However, the Congressional Budget Office warned it could balloon the national debt by $2.4 trillion and leave 11 million without health insurance.

The bill also eliminates EV subsidies, an explosive point of tension with Elon Musk.

Trump vs. Musk: Feud Reaches Boiling Point

Elon Musk lashed out at the budget, calling it a “disgusting abomination.” In response, Trump threatened to sever federal contracts with Musk’s companies, including Tesla and SpaceX. The once-close allies are now entrenched in a very public power struggle.

INTERNATIONAL NEWS

U.S. Vetoes Gaza Ceasefire at UN

In a lone vote, the United States blocked a UN Security Council resolution demanding an immediate ceasefire in Gaza. The veto drew global condemnation, with critics accusing the U.S. of enabling continued conflict.

Iran Rejects Nuclear Proposal

Ayatollah Ali Khamenei dismissed a new U.S. proposal to restrict uranium enrichment, insisting Iran will continue its nuclear program without compromise. The move further dampens hopes of reviving a nuclear deal.

Russia Strikes Kyiv in Retaliation

Russia launched coordinated drone and missile strikes across Ukraine, killing at least four people in Kyiv. The attacks followed Ukrainian drone raids on Russian airfields, escalating the already tense conflict.

BUSINESS & ECONOMY

Mass Layoffs at Procter & Gamble

P&G will cut 7,000 non-manufacturing jobs, citing sluggish sales and restructuring efforts. The layoffs amount to 15% of its office-based workforce.

Circle’s IPO Shakes Wall Street

The issuer of the USDC stablecoin, Circle Internet Group, saw its IPO soar 168% on its NYSE debut. Trading under the ticker “CRCL,” it signals a renewed investor appetite for crypto-related tech.

European Central Bank Cuts Interest Rates Again

In its eighth consecutive cut, the ECB lowered interest rates to 2% as it battles sluggish economic growth and falling inflation across the eurozone.

ENTERTAINMENT & CULTURE

British Soap Awards Make a Comeback

After skipping 2024, the British Soap Awards returned to a live audience at Hackney Empire, London. Jane McDonald hosted the ceremony, with high ratings and widespread fanfare.

Celebrity Relationship Buzz

• Kylie Jenner spoke candidly about her cosmetic procedures, sparking online debate.
• JoJo Siwa confirmed her romance with Love Island’s Chris Hughes.
• Cardi B and NFL star Stefon Diggs went public with their relationship via Instagram.

SPORTS

Lomachenko Hangs Up the Gloves

Boxing legend Vasiliy Lomachenko announced his retirement at age 37. With an 18-3 record, the three-division champ leaves behind a legacy as one of the sport’s most technically gifted fighters.

NBA Finals Begin

The Oklahoma City Thunder face off against the Boston Celtics in the 2025 NBA Finals. Game 1 aired on ABC, with online streams drawing record numbers.