Axios PM

June 10, 2025
Good Tuesday afternoon. Today's newsletter, edited by Sam Baker, is 552 words, a 2-min. read. Thanks to Sheryl Miller for copy editing.
1 big thing: More protests for Army parade

People protesting this weekend's multimillion-dollar military parade in Washington will be met with "very big force," President Trump said today.
- Demonstrations are planned in hundreds of cities to counter Saturday's parade, which coincides with Trump's birthday, the U.S. Army's 250th anniversary and Flag Day.
🪧 "For those people that want to protest, they're going to be met with very big force," Trump said during an Oval Office press conference.
- "I haven't even heard about a protest," he said, "but ... this is people that hate our country."
🔒 By the numbers: Army officials estimate some 200,000 people will come to Washington to see the parade, per AP. Officials are installing 18 miles of security fencing.
- There's no formal protest planned in Washington — organizers said they wanted to create a "contrast" with Trump, not a direct conflict.
2. 💰 Troops in LA will cost $134 million

More troops — including members of the National Guard as well as 700 Marines — are arriving in Los Angeles, though protests have calmed down significantly since Sunday night.
- The deployment is costing about $134 million, the Pentagon's acting comptroller said at a congressional budget hearing today.
⏱️ The latest: California Gov. Gavin Newsom seized on reports that the White House sent troops to LA without first securing a place for them to sleep, or arranging for supplies like food and water, criticizing the military presence as a haphazard stunt.
- "They wouldn't even have to be there had you just done your job," Pentagon spokesperson Sean Parnell shot back on X.
What we're watching: Anti-ICE protests have sprung up all over the country over the past few days, Axios' Avery Lotz reports.
3. Catch me up
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- 👓 Snap plans to launch a new version of its augmented reality glasses, called Specs, in 2026. The new product will feature an AI assistant to help users with tasks like figuring out how to change a tire or position a pool cue. Go deeper.
- 🎓 Yale has been looking to sell billions in private-equity investments, The New York Times reports (gift link). Yale has shifted about half of its endowment to private equity and venture capital investments, with the hope of outperforming stocks and bonds, but returns have been disappointing recently.
- 🎙️ Four ex-staffers to former President Biden — deputy chief of staff Annie Tomasini; special assistant Ashley Williams; Anthony Bernal, a senior adviser to First Lady Jill Biden; and Neera Tanden, who served as director of the Domestic Policy Council — have agreed to testify in House Republicans' probe of Biden's mental acuity. Go deeper.
4. 🎗️1 for the road
Ronald McDonald House Charities, which provides services globally to sick children and their families, is refreshing its branding as it embarks on a goal to double the number of families it serves.
- Right now, the organization is meeting about 35% of the demand for its services, and "that demand is only going to grow," Katie Fitzgerald, CEO of Ronald McDonald House, told Axios' Ben Berkowitz.
- The organization is hoping to double its capacity by 2030. It's rolling out a new unified brand as "Ronald McDonald House," with a refreshed logo (pictured above, on the right) later this year.
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