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Trump will meet with Putin in Alaska — here’s what we know
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A historic summit is set to be held between President Donald Trump and Russian President Vladimir Putin in Alaska on Friday.
Though specifics on the summit like the time and exact location remain unknown, all eyes will be on the talks as world leaders wait to see what, if anything, can be accomplished in Putin’s first trip to the U.S. in a decade.
Here’s what we know:

U.S. President Donald Trump meets with Russian President Vladimir Putin in Helsinki, Finland, July 16, 2018. (REUTERS/Kevin Lamarque)
VLADIMIR PUTIN TO RETURN TO US FOR THE FIRST TIME IN A DECADE
AGENDA
White House press secretary Karoline Leavitt confirmed on Tuesday that Trump will travel to Anchorage on Friday morning for what she described as a “listening exercise” with Putin.
Trump, who on Monday described the talks as a “feel-out meeting,” has made clear that his chief agenda item will be to determine whether a ceasefire in Ukraine is even possible.
When pressed by reporters this week as to what he specifically hopes to achieve from the in-person talks with Putin — particularly following seemingly positive calls that only resulted in a “frustrated” Trump and continued Russian bombardment in Ukraine — the president was light on specifics.
Though he told reporters that he thinks he will know whether a ceasefire deal with Putin is even possible within the first “two minutes.”
“I’m not going to make a deal. It’s not up to me to make a deal,” he said. “I think a deal should be made for both [Putin and Ukrainian President Volodymyr Zelenskyy].
“I’d like to see a ceasefire. I’d like to see the best deal that could be made for both parties. You know, it takes two to tango,” he added.
TRUMP GOES AFTER ZELENSKYY OVER ‘LAND SWAPPING’ DISPUTE, LAYS OUT ‘FEEL OUT MEETING’ WITH PUTIN

U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy meet during the NATO Heads of State and Government Summit in The Hague, Netherlands on June 25, 2025. (Getty Images)
EXPECTATIONS
Trump has raised geopolitical eyebrows over the last week when he suggested there would be a land “swap” that Russia and Ukraine would need to agree to.
While it remains unclear which borders he thinks will likely be moved around, particularly which Russian borders he foresees Putin handing over to Kyiv, Ukrainian President Volodymyr Zelenskyy and his allies in NATO have made clear any deal forged without Ukraine will not be acceptable.
Zelenskyy over the weekend reiterated that he cannot unilaterally agree to cede territory illegally occupied by Russia without a national referendum under Ukraine’s Constitution.
“Any decisions that are without Ukraine are at the same time decisions against peace,” he added. “They will not bring anything. These are dead decisions. They will never work.”
Following a meeting with top EU officials on Monday, chief diplomat for the EU Kaja Kallas told Fox News Digital, “Ukraine’s right to exist as a sovereign nation is under attack, as well as the security of our European continent.”
“As far as Russia has not agreed to full and unconditional ceasefire, we should not even discuss any concessions,” she said. “It has never worked in the past with Russia, and will not work with Putin today.
Trump, who is slated to hold talks with Ukraine and NATO allies on Wednesday, said he will first call Zelenskyy following his talks with Putin, followed by calls to European leaders.

French President Emmanuel Macron, European Commission President Ursula Von der Leyen, NATO Secretary General Mark Rutte, Japanese Prime Minister Shigeru Ishiba, German Chancellor Friedrich Merz, US Secretary of Treasury Scott Bessent, Canadian Prime Minister Mark Carney, Ukrainian President Volodymyr Zelenskyy, British Prime Minister Keir Starmer, and Italian Prime Minister Giorgia Meloni meet during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada on June 17, 2025. (LUDOVIC MARIN/AFP via Getty Images)
WHY ALASKA
Though geographically speaking, Anchorage is a near equal distance from Moscow and Washington, D.C., the president prompted surprise when he said Putin had agreed to meet him in Alaska rather than a third-party state, like Switzerland or Hungary, both of which were floated as potential meeting locations.
However, both locations held dubious optics, as Switzerland, a member of the International Criminal Court, could be obligated to act on the 2023 ICC arrest warrant issued against Putin, and Hungary, though frequently seen as sympathetic to Russia, is a NATO member state.
“They probably avoided Europe, because if they included Europe, then Europe would have demanded that they’re actually at the table,” Dan Hoffman, former CIA Moscow Station Chief, told Fox News Digital. “Probably your two choices were go to Russia — which Trump would never do — or invite him here.
“It also exposes the challenge that you can’t solve this without Ukraine and without Europe,” he added.
But Alaska also has a shared history with the U.S., which Washington purchased from Saint Petersburg — then the capital of Russia — in 1867.
Though this shared past was championed by some in Russia and the U.S., like the Kremlin’s special economic envoy Kirill Dmitriev, who called it the “perfect stage” for the Putin-Trump talks, others took to social media to suggest it showed the precarious nature of sovereign borders.

Anchorage, Alaska is set to receive both President Donald Trump and Russian President Vladimir Putin for a high-level bilateral meeting on Friday Aug. 15, 2025. (Zihao Chen via Getty Images)
ZELENSKYY TELLS PUTIN TO ‘BE BRAVE’ AND FINALLY AGREE TO TRILATERAL MEETING WITH TRUMP
ZELENSKYY’S ROLE
Zelenskyy does not appear to have been officially invited to the talks, which the White House on Tuesday confirmed are the result of a direct invitation from Putin.
“The president is agreeing to this meeting at the request of President Putin,” Leavitt said Tuesday. “And the goal of this meeting for the president is to walk away with a better understanding of how we can end this war.”
Zelenskyy is set to hold talks with the U.S. president ahead of the high-level bilateral meeting on Wednesday alongside other European leaders.
Zelenskyy has repeatedly said he is open to meeting with Putin directly to end the war, though Putin has thus far refused.

Poland’s Prime Minister Donald Tusk, Ukrainian President Volodymyr Zelensky, French President Emmanuel Macron, Britain’s Prime Minister Keir Starmer and Germany’s Chancellor Friedrich Merz, hold a telephone conversation with US President Trump on the sidelines of a meeting at the 6th European Political Community summit on May 16, 2025 at Skanderbeg Square in Tirana, Albania. (KuglerSteffen/Bundesregierung via Getty Images)
WHAT’S NEXT
Trump on Monday said his goal is that following his meeting with Putin, the Kremlin chief will sit down with Zelenskyy to begin hashing out terms for a ceasefire — whether or not it includes him in direct negotiations.
“Ultimately, I’m going to put the two of them in a room. I’ll be there, or I won’t be there,” Trump said Monday. “And I think it’ll get solved.”
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Zelenskyy on Tuesday said he also discussed the possibility of holding high-level talks organized by Turkey, which has hosted previous diplomatic negotiations that have failed to secure any lasting ceasefire agreements, but have released thousands of Ukrainian and Russian prisoners of war (POWs).
“We are ready for any format of meeting aimed at stopping the killings and ending the war,” Zelenksyy said. “President Erdoğan confirmed his country’s readiness to organize a summit of the leaders of Ukraine, the United States, Russia, and Türkiye.”
Experts have warned it is too soon to tell what could come out of the talks with Putin on Friday.
Business
FDA official calls UniQure’s gene therapy a ‘failed’ treatment for Huntington’s disease
Thomas Fuller | SOPA Images | Lightrocket | Getty Images
UniQure needs to run another study to prove that its gene therapy “actually helps people with Huntington’s disease,” a senior U.S. Food and Drug Administration official said on a call with reporters Thursday.
The official, who requested anonymity before discussing sensitive information, confirmed the agency has asked the company to run a placebo controlled trial of its treatment, which is administered directly into the brain. UniQure has said that type of study isn’t ethical because it would require putting people under general anesthesia for hours, a characterization the official disputed.
“So what is really going on? UniQure is the latest company to make a failed therapy for Huntington’s patients,” the official said. “They likely acknowledge or understand at some deep level that their trial failed years ago, and instead of doing the right thing and running the correct clinical study, UniQure is performing a distorted or manipulated comparison in the mind of FDA.”
The comments mark the latest development in a messy public spat between UniQure and the FDA, and as the agency comes under fire for a number of recent drug approval application rejections, including some where companies have accused it of going back on previous guidance. FDA Commissioner Marty Makary in an interview with CNBC’s Becky Quick last week seemingly criticized UniQure’s gene therapy for Huntington’s disease. Makary didn’t name UniQure but described its treatment.
UniQure then accused the FDA of reversing its stance that the company’s clinical trial data would be sufficient to seek approval. UniQure’s study used an outside database to measure how patients with Huntington’s disease might decline without treatment, known as an external control. UniQure has said it wouldn’t be feasible to run a true randomized, double-blind placebo-controlled study, considered the gold standard, because it wouldn’t be ethical to make people undergo a sham hours-long brain surgery.
The FDA official said the agency “never agreed to accept this distorted comparison” and the FDA “never makes such assurances.” Instead, the “FDA will always say, ‘Well, we have to see the data when we get it.'”
UniQure didn’t immediately comment.
The company’s stock rose more than 10% on Thursday and has fallen 58% this year as of Thursday afternoon.
Business
US mortgage rates rise to 6% after three-week slide as oil-driven bond yields climb – The Times of India
The average long-term US mortgage rate edged higher this week, ending a three-week decline as bond yields rose amid oil-price pressures linked to the war with Iran.The benchmark 30-year fixed mortgage rate increased to 6% from 5.98% last week, mortgage buyer Freddie Mac said on Thursday. A year ago, the average rate stood at 6.63%, AP reported.The modest uptick breaks a three-week slide in borrowing costs, with mortgage rates having hovered close to the 6% mark for most of this year. Last week’s average had marked the first time the rate dipped below 6% since September 2022, reaching its lowest level in nearly three and a half years.Mortgage rates are influenced by several factors, including the Federal Reserve’s interest-rate policy, investor expectations about inflation and economic growth, and movements in the bond market.They typically track the direction of the 10-year US Treasury yield, which lenders use as a benchmark for pricing home loans.The 10-year Treasury yield rose to 4.14% at midday Thursday, up from around 4% a week earlier.Treasury yields have moved higher in recent days as rising oil prices added fresh inflation concerns, potentially complicating the Federal Reserve’s plans to cut interest rates.
Business
US stocks today: Dow tumbles 800 points, S&P 500 and Nasdaq slip as oil surges after Iran tanker strike – The Times of India
US stock markets fell on Thursday as investors turned cautious after the previous session’s rally, while rising oil prices and geopolitical tensions weighed on sentiment.The Dow Jones Industrial Average dropped 801 points, or 1.6 per cent, dragged down by losses in stocks such as Caterpillar and Goldman Sachs. The S&P 500 declined 0.9 per cent, while the Nasdaq Composite fell 0.6 per cent.The selloff came as crude oil prices jumped to their highest level since June 2025 after Iran said it had struck an oil tanker with a missile. US West Texas Intermediate crude futures surged 6 per cent to trade above $79 per barrel, while international benchmark Brent crude futures rose about 3 per cent to more than $84 per barrel. Oil prices had stabilised in the previous trading session.Markets had rallied on Wednesday, supported by gains in technology and semiconductor stocks. The Dow had snapped a three-day losing streak, while the S&P 500 and Nasdaq Composite ended the session with solid gains.Despite the ongoing US-Israeli air campaign against Iran, US markets have performed relatively better than European and Asian counterparts this week, largely supported by a rebound in technology stocks that had been hit hard during February’s selloff.The tech-led recovery in the previous session helped the Nasdaq erase its weekly losses, putting the index on track to end the week in positive territory if gains hold through Friday.Investors remain concerned that prolonged disruption to shipping through the Strait of Hormuz — a key global energy corridor –could push oil prices higher and add to inflationary pressures through rising energy and shipping costs.Markets are particularly wary of crude prices moving towards $100 per barrel, which could complicate the Federal Reserve’s efforts to control inflation while considering interest-rate cuts.“For the past couple of years, bringing inflation down has been the Fed’s entire focus, and they were finally making progress. But if energy stays expensive, inflation could start climbing again and that would force the Fed to rethink its plans,” said Adam Sarhan, chief executive of 50 Park Investments, Reuters quoted.According to data compiled by LSEG, investors are increasingly expecting the Federal Reserve to delay a 25-basis-point interest rate cut to September from the previously anticipated July timeline.Among sectors, healthcare led declines on the S&P 500, dropping 1.6 per cent. The energy index, however, gained 0.7 per cent, with shares of ConocoPhillips and Valero Energy rising about 2 per cent each.The CBOE volatility index (VIX), widely seen as a gauge of market fear, rose 0.9 points to 22.08, reflecting cautious investor sentiment. The small-cap Russell 2000 index fell 1 per cent.Travel and tourism stocks, which are sensitive to fuel costs, were under pressure. Delta Air Lines slipped 3.3 per cent, while Royal Caribbean Cruises declined 0.6 per cent.On the other hand, some travel booking companies rallied sharply. Booking Holdings jumped 11 per cent and Expedia surged 8 per cent after a report by The Information said OpenAI was scaling back on-platform shopping checkout plans for ChatGPT, easing concerns about disruption to online marketplace businesses.Chip stocks showed mixed performance. Nvidia edged down 0.3 per cent, while Marvell Technology gained 1.3 per cent.Shares of Broadcom rose 2.9 per cent after the chip designer projected that its artificial intelligence chip revenue could exceed $100 billion next year.Elsewhere, Trade Desk surged 22.5 per cent following a report that OpenAI had held early discussions with the advertising technology company regarding the sale of advertisements.Economic data released on Thursday showed the number of Americans filing new applications for unemployment benefits remained unchanged last week.Investors are also awaiting remarks from Federal Reserve Vice Chair Michelle Bowman later in the day, ahead of the closely watched non-farm payrolls report due on Friday.On the New York Stock Exchange, declining stocks outnumbered advancers by a ratio of 2.48-to-1, while on the Nasdaq the ratio stood at 1.63-to-1.The S&P 500 recorded four new 52-week highs and two new lows, while the Nasdaq Composite registered 17 new highs and 33 new lows.
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