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Bill and Melinda Gates to divorce, but charitable foundation to remain intact

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Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world’s largest private charitable foundations, filed for divorce on Monday after 27 years of marriage but pledged to continue their philanthropic work together.

The Bill & Melinda Gates Foundation has become one of the most powerful and influential forces in global public health, spending more than $50 billion over the past two decades to bring a business approach to combating poverty and disease.

The Gates have backed widely praised programs in malaria and polio eradication, child nutrition and vaccines. The foundation last year committed some $1.75 billion to COVID-19 relief.

In a joint petition for dissolution of marriage, the couple asserted their legal union was “irretrievably broken,” but said they had reached agreement on how to divide their marital assets. No details of that accord were disclosed in the filing in King County Superior Court in Seattle.

Bill Gates, 65, who co-founded Microsoft Corp (MSFT.O), and his spouse, Melinda French Gates, 56, met after she joined the software giant as a product manager, and they dated for a few years before marrying in January 1994 in Hawaii.

“After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” the two said in a joint statement posted on each of their individual Twitter accounts.

“We no longer believe we can grow together as a couple in the next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life,” they said.

The divorce petition, which states that the couple have no minor children, comes after the youngest of their three offspring recently turned 18.

Launched in 2000, the nonprofit Bill & Melinda Gates Foundation ranks as the largest private philanthropic foundation in the United States and one of the world’s biggest, with net assets of $43.3 billion at the end of 2019, according to the latest full-year financials shown on its website.

From 1994 through 2018, the couple gifted more than $36 billion to the Seattle-based foundation, the website said.

Last year, investor Warren Buffett reported donating more than $2 billion of stock from his Berkshire Hathaway Inc (BRKa.N) to the Gates Foundation as part of previously announced plans to give away his entire fortune before his death.

‘NO CHANGES TO THEIR ROLES’

In their divorce petition, the couple asks the court “to dissolve our marriage” and to divide their communal property, business interests and liabilities “as set forth in our separation contract,” though that accord was not made public.

Bill Gates is ranked No. 4 on the Forbes list of the world’s wealthiest individuals, with an estimated $124 billion fortune.

In a separate statement, the Gates Foundation said the couple would remain as co-chairs and trustees of the organization.

“They will continue to work together to shape and approve foundation strategies, advocate for the foundation’s issues, and set the organization’s overall direction,” the foundation’s statement said.

The split comes two years after another leading Seattle-based billionaire and philanthropist, Amazon.com Inc (AMZN.O) founder Jeff Bezos, said that he and his then-wife, MacKenzie, were getting divorced.

At least one critic of billionaire benefactors cited the Gates’ split as a cautionary tale in the wisdom of concentrating so much sway over global humanitarian issues under the control of super-wealthy individuals.

“The Gates divorce will do more than upend a family’s life. It will ramify into the worlds of business, education, public health, civil society, philanthropy, and beyond,” Anand Giridharadas, author of the book “Winners Take All” told Reuters.

“That is because our society has made the colossal error of allowing wealth to purchase the chance to make quasi-governmental decisions as a private citizen,” he said.

Gates dropped out of Harvard University to start Microsoft with school chum Paul Allen in 1975. Gates owned 49% of Microsoft at its initial public offering in 1986, which made him an instant multimillionaire. With Microsoft’s explosive growth, he soon became one of the world’s wealthiest individuals.

After an executive tenure in which he helped transform the company into one of the world’s leading technology firms, Gates stepped down as CEO of Microsoft in 2000 to focus on philanthropy. He remained chairman until 2014 and left the company’s board in March 2020.

Known in the technology industry as an acerbic and ruthless competitor, Gates drew the ire of rivals and eventually the U.S. government for Microsoft’s business practices.

The software giant was convicted of antitrust violations in the late 1990s. But the verdict was overturned on appeal, and the company then settled the case out of court.

Gates’ public persona softened into an avuncular elder statesman as he turned his attention to philanthropy, and he has largely steered clear of the many controversies currently roiling the technology business.

Melinda French Gates, who recently added her maiden name on most of her websites and social media, was raised in Dallas and studied computer science and economics at Duke University before joining Microsoft.

In 2015 she founded Pivotal Ventures, an investment company focused on women and families, and in 2019 published a book, “The Moment of Lift”, centered on female empowerment.

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Secret Service says it exchanged gunfire with armed suspect near White House

The suspect was not on the White House property, Quinn said.

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The ‌U.S. Secret Service said on Monday its officers confronted an armed and “suspicious individual” near the White House who later fired at them before fleeing on foot and being shot by law enforcement, Reuters reported.

The incident led to a ​brief lockdown at the White House.

Agents patrolling the outer perimeter of the White House ​complex identified a person who Secret Service Deputy Director Matthew Quinn said ⁠was a “suspicious individual that appeared to have a firearm.”

He briefly fled on foot after being ​approached by Secret Service officers and fired in their direction, Quinn said at a press ​conference.

Secret Service then fired at the suspect who was hit and subsequently hospitalized, Quinn added.

Vice President JD Vance’s motorcade transited through the area “not long before” the incident, Quinn said. There was no indication that the ​suspect intended to approach Vance’s motorcade, the Secret Service deputy director said.

A juvenile bystander was ​hit by the suspect but did not receive any life-threatening injuries and was being treated at a hospital, ‌Quinn ⁠added.

Agents observed “visual print of a firearm” in considering the individual’s behavior as suspicious when he was spotted, Quinn told reporters.

The suspect was not on the White House property, Quinn said.

Law enforcement have been on alert in recent days in the U.S. capital following a shooting at the ​White House Correspondents’ Association ​Dinner late last month ⁠over which a man has been arrested, read the report.

Quinn was asked if Monday’s incident was linked to “other recent attempts” on President Donald Trump’s life. Trump was ​in the White House when this incident unfolded.

“Whether or not it ​was directed ⁠to the president or not, I don’t know but we will find out,” Quinn said.

The Secret Service deputy director confirmed that a weapon was recovered from the suspect but did not elaborate.

The ⁠Secret Service said ​earlier its personnel were on the scene of the ​officer-involved shooting at 15th Street and Independence Avenue in Washington, D.C.

The DC Police Department was handling the probe.

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Trump says US could restart Iran strikes ‘if they misbehave’

Iran has ⁠been blocking nearly all shipping from the Gulf apart from its own for more than two months. Last month, the U.S. imposed its own blockade of ships from Iranian ports.

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U.S. President Donald Trump said on Saturday he had been told about the concept of a deal with Iran, but was ​waiting for the exact wording, while warning there was still the possibility of restarting strikes on the country if Tehran misbehaves, Reuters reported.

A senior Iranian official said on ‌Saturday that an Iranian proposal so far rejected by Trump would open shipping in the Strait of Hormuz and end the U.S. blockade of Iran while leaving talks on Iran’s nuclear program for later.

When asked about Iran’s proposal before boarding a flight to Miami at West Palm Beach, Florida, Trump replied: “They told me about the concept of the deal. They’re going to give me the exact wording now.”

He added on his social ​media channel that he could not imagine the proposals would be acceptable and that Iran had not paid a big enough price for what it had done.

Asked if ​he might restart strikes on Iran, Trump replied: “I don’t want to say that. I mean, I can’t tell that to a reporter. If ⁠they misbehave, if they do something bad, right now we’ll see. But it’s a possibility that could happen.”

Trump has said repeatedly that Iran can never ​have a nuclear weapon and said on Friday he was not satisfied with the latest Iranian proposal, while Iran’s foreign minister said Tehran was ready for diplomacy if the U.S. changes its ​approach, read the report.

Reuters and other news organizations reported over the past week that Tehran was proposing to reopen the strait before nuclear issues were resolved. The official confirmed that this new timeline had now been spelled out in a formal proposal conveyed to the United States through mediators.

Trump also said on Friday that “on a human basis,” he did not prefer the military course of action and told congressional leaders he did not ​need their permission to extend the war beyond a deadline set by law for that day because the ceasefire had “terminated” hostilities.

While saying repeatedly he is in no hurry, Trump is under ​domestic pressure to break Iran’s hold on the strait, which has choked off 20% of the world’s oil and gas supplies and pushed up U.S. gasoline prices. Trump’s Republican Party faces the risk of ‌a voter ⁠backlash over higher prices when the country votes in midterm congressional elections in November.

Iranian media said Tehran’s 14-point proposal included the withdrawal of U.S. forces from areas surrounding Iran, lifting the blockade, releasing Iran’s frozen assets, payment of compensation, lifting sanctions and ending the war on all fronts, including Lebanon, as well as a new control mechanism for the strait.

The United States and Israel suspended their bombing campaign against Iran four weeks ago, but appear no closer to a deal to end a war that has caused the biggest disruption ever to global energy supplies, roiled ​global markets and raised worries about the possibility ​of a wider global economic downturn.

Iran has ⁠been blocking nearly all shipping from the Gulf apart from its own for more than two months. Last month, the U.S. imposed its own blockade of ships from Iranian ports.

Washington has repeatedly said it will not end the war, which has led to the deaths of ​thousands of people, without a deal that prevents Iran from obtaining a nuclear weapon, the primary aim Trump cited when he launched ​strikes in February in the ⁠midst of nuclear talks. Iran says its nuclear program is peaceful.

Speaking on condition of anonymity to discuss confidential diplomacy, the senior Iranian official said Tehran believed its latest proposal to shelve nuclear talks for a later stage was a significant shift aimed at facilitating an agreement, Reuters reported.

Under the proposal, the war would end with a guarantee that Israel and the United States would not attack again. ⁠Iran would open ​the strait, and the United States would lift its blockade.

Future talks would then be held on curbs to ​Iran’s nuclear program in return for the lifting of sanctions, with Iran demanding Washington recognize its right to enrich uranium for peaceful purposes, even if it agrees to suspend its nuclear program.

“Under this framework, negotiations over the more complicated ​nuclear issue have been moved to the final stage to create a more conducive atmosphere,” the official said.

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Trump says he’s dissatisfied with Iranian proposal as rift with allies deepens

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U.S. President Donald Trump said on Friday he was not satisfied with the latest Iranian proposal for ​talks on the Iran war, while Iran’s foreign minister said Tehran was ready for diplomacy if the United States changes its approach.

Trump’s comments indicated the deadlock over the ‌two-month-old war is likely to persist, even as he looks to end a conflict that remains deeply unpopular among Americans, Reuters reported.

Meanwhile, U.S. relations with its traditional allies were further strained over Iran on Friday, as the United States announced it was withdrawing 5,000 troops from Germany. Trump had threatened a drawdown over differences with German Chancellor Friedrich Merz, who said on Monday the Iranians were humiliating the United States and that the Americans lacked an exit strategy.

A senior Pentagon official, speaking on ​condition of anonymity, said recent German comments were “inappropriate and unhelpful.”

“The president is rightly reacting to these counterproductive remarks,” the official said.

Though the United States and Iran have suspended hostilities since ​an April 8 ceasefire, the two countries remain at odds over a range of issues, including Iran’s nuclear ambitions and control over the Strait of ⁠Hormuz, and the two sides have yet to agree to a second meeting following a brief summit of senior officials in Islamabad last month.

It was unclear what the Iranians had submitted in their ​fresh proposal. Iran’s Foreign Ministry has cautioned against expecting quick results.

“They want to make a deal, but … I’m not satisfied with it,” Trump told reporters at the White House, adding that the Iranian leadership ​was “very disjointed” and split into two or three groups.

“They’re asking for things that I can’t agree to,” he said, adding that negotiations by phone were continuing.

Later on Friday, during a speech in Florida, Trump said the United States would not end its confrontation with Iran early “and then have the problem arise in three more years.”

Trump has said Iran would not be allowed to have a nuclear weapon. He is also under pressure to break Iran’s hold ​on the strait, which has choked off 20% of the world’s oil and gas supplies.

Global oil prices eased on Friday following news of the Iranian proposal, coming off Thursday’s four-year high. Benchmark Brent crude ​was down 1% to around $109.

Iran’s Foreign Minister Abbas Araqchi said his country was ready to pursue diplomacy if the United States changes what he called its “excessive approach, threatening rhetoric and provocative actions.”

However, Araqchi added in a post ‌on his ⁠Telegram channel that “Iran’s armed forces remained ready to defend the country against any threat.”

Iran has activated air defenses and plans a wide response if attacked, having assessed that there will be a short, intensive U.S. strike, possibly followed by an Israeli attack, two senior Iranian sources told Reuters on condition of anonymity.

REPORTS ON PLANS FOR NEW STRIKES

Separately, Trump told leaders in Congress that he did not need their permission to extend the war beyond a Friday deadline set by law because the ceasefire had “terminated” hostilities.

“Do we want to go and just blast the hell out of them and finish them forever? Or do ​we want to try and make a deal?” ​Trump said when asked about his options.

Trump ⁠added that “on a human basis,” he did not prefer the military course of action.

The war, which began with U.S. and Israeli strikes on Iran on February 28, has led to the deaths of thousands of people. The closure of the strait has increased concerns about the possibility of a wider ​global economic downturn.

The U.S. Navy is blockading exports of Iranian crude oil. As of Friday afternoon, 45 commercial vessels had been stopped, according to ​the U.S. military.

The U.S. Treasury ⁠said that any shipper paying tolls to Iran for passage, including charitable donations to organizations such as the Iranian Red Crescent Society, would be at risk of punitive sanctions.

IRAN SAYS TO BUY DOMESTIC

The war has aggravated Iran’s economic plight, but it looks able to survive a standoff for now, despite the U.S. blockade that has curtailed its energy exports.

In a written message, Iran’s Supreme Leader Mojtaba Khamenei called on businesses damaged in ⁠the war to ​avoid layoffs as much as possible, Iranian news agencies reported.

China’s U.N. ambassador, Fu Cong, said it was an urgent necessity to ​maintain the ceasefire and that the strait needs to be reopened as quickly as possible. He said he was sure the strait would be high on the agenda in talks between China’s leader Xi Jinping and Trump if it is still ​closed when Trump travels to Beijing this month.

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