📊 Tiananmen Anniversary, Obama Museum, and Coal Industry

Memorial policing, presidential center, and funding boost.

Jun 05, 2026

Greetings! Happy National Cheese Day to those celebrating.

Let’s get into today’s top stories.

Forwarded this email? Subscribe to PM Daily below:

SPONSORED SECTION

Sponsor PM Daily! Unlike other free daily newsletters, PM’s ad model works differently: 1. one single sponsor slot per issue; 2. 100% share of voice (SOV) guaranteed; 3. higher return on ad spend (ROAS) from your first placement.

No-brainer, little risk, high upside. Q2 slots are filling up quickly! Reach our rapidly scaling, high-intent, vetted premium audience by replying to this email right now.

🌎 GLOBAL NEWS

🇨🇳 Tiananmen memory gets policed. Chinese authorities tightened public memory around Tiananmen Square on Thursday. It was the 37th anniversary of the 1989 military crackdown. Police warned relatives of victims not to visit a Beijing cemetery. A person familiar with the warning said fear of retribution shaped the account. The Tiananmen Mothers group had visited graves for more than 30 years. Amnesty International said police had long watched those memorials. Hundreds, and possibly thousands, were killed in 1989. Troops advanced through crowds trying to stop the military. The protesters had demanded more freedom and democracy. Communist Party leaders chose market reform without political liberalization. Hong Kong police increased security near the old vigil site. That annual candlelight gathering vanished after the 2019 protest crackdown. A handful of people still appeared. Officers let some leave. Taipei held a candlelight vigil. Arthur Liu, father of figure skater Alysa Liu, spoke in Washington. Memory in Beijing remains something guarded, not settled.

🇷🇺 Putin promises stronger defenses. Russian President Vladimir Putin said Russia will strengthen air defenses against Ukrainian drones. He spoke Thursday near the St. Petersburg International Economic Forum. Ukrainian drones had struck an oil terminal in the city. They also hit a nearby naval base. The attacks shadowed Putin’s showcase investment event. Putin acknowledged some drones are breaking through. He said Russia must improve and strengthen defenses. Ukraine has expanded long-range attacks deep inside Russia. Ukrainian President Volodymyr Zelenskyy proposed direct talks in a public letter. Zelenskyy said Ukraine should not wait for American attention to return from Iran. President Trump said it would be great if Putin and Zelenskyy met. Kremlin spokesman Dmitry Peskov said Putin had not seen the letter. Putin said Ukraine must accept understandings from the Anchorage summit. He said there is no need to suspend hostilities before talks. He also defended future use of Russia’s Oreshnik missile. He said Russian troops are advancing across the line of contact. Air defense is now Putin’s domestic answer to a war he still refuses to pause.

🇺🇸 LOCAL NEWS

🏗️ Obama museum opens the office. The Obama Presidential Center opens to the public on Juneteenth in Chicago. It sits on the city’s South Side. The nearly $850M project spans almost 20 acres. Former President Barack Obama shaped much of its design. Former first lady Michelle Obama’s dresses are displayed there. The museum includes a life-size Oval Office replica. Visitors can sit behind a version of the Resolute Desk. Josh Harris of the Obama Foundation said the point is possibility. He said a South Side organizer becoming president should widen imagination. The museum is fully digital. No official papers are on display. Exhibits cover campaigns, presidency, family life, and White House moments. The campus includes a new library. It also includes a professional-grade basketball court. A picnic area with grills nods to public gathering. The center expects up to 1M visitors annually. Presidential memory here comes with skyline views and a community operating system.

🏳️‍🌈 June gets rebranded. Several Republican governors are renaming June with conservative alternatives to Pride Month. Indiana and Tennessee declared Nuclear Family Month. Their language celebrates one husband, one wife, and children. Alabama made June Strong Families Month. Governor Kay Ivey’s proclamation emphasized fathers and two-parent homes. Utah and Arkansas declared Fidelity Month, stressing fidelity to faith, country, and family. Arkansas Governor Sarah Huckabee Sanders’ account linked the move to counterprogramming Pride. Governors did not answer why all recognitions land in June. Republican lawmakers in at least four other states introduced Fidelity Month bills. Princeton professor Robert P. George founded a group promoting the idea. Pride Month began in 1970 after the Stonewall Inn raid. Kevin Roberts of the Heritage Foundation supported conservative recognitions. Conservative activist Lakie Derrick said the Tennessee measure was aimed at Pride. Equality Utah’s Marina Lowe said faith, family, and LGBTQ+ identity need not conflict. The calendar has become another battlefield over belonging.

🗂️ MISC

⛏️ Coal gets a $700M lifeline. President Trump announced nearly $700M in support for the coal industry Thursday. The plan would aid coal-fired power plants and exports. It uses authority under the Defense Production Act. The money would support 13 coal plants nationwide. It would help build coal plants in Alaska and West Virginia. Those would be the first new American coal plants since 2013. Funds would also help restart a Maryland plant. They would support a long-delayed coal export terminal in Oakland. A White House official said the moves would support or create more than 14K jobs. Trump said the plan would reinforce electric grid reliability. Energy Secretary Chris Wright issued an emergency order to keep an Orlando coal plant open. Interior Secretary Doug Burgum called coal crucial to American energy competitiveness. The administration previously opened 13M federal acres for coal mining. It also backed $625M for coal plant recommissioning or modernization. Environmental groups said the policy would raise bills and worsen pollution. Industry leaders said coal helps protect consumers from volatile power markets. Coal’s obituary keeps getting written, then subsidized.

📈 Dow hits record without AI. The Dow Jones Industrial Average jumped to a record Thursday. The Standard & Poor’s 500 Index (S&P 500) rose 0.4%. That was its 10th gain in 11 days. The Dow climbed 874.86 points. It finished at 51,561.93. The Nasdaq Composite slipped 0.1%. Brent crude fell 2.8% to $95.03 per barrel. The drop eased pressure after Iran-war spikes. Markets expect America and Iran to eventually reopen the Strait of Hormuz. The Russell 2000 rose 1.4%. The 10-year Treasury yield dipped to 4.47%. Banks helped lead the rally. Goldman Sachs ($GS) gained 5%. Fifth Third Bancorp ($FITB) rose 4.7%. Broadcom ($AVGO) sank 12.6% despite stronger results. CEO Hock Tan said artificial intelligence (AI) semiconductor revenue more than doubled to $10.8B. Micron Technology ($MU) fell 7.7%. CrowdStrike Holdings ($CRWD) dropped 3.8%. PVH ($PVH) tumbled 20.2% as conflict pressure hit customers. Wall Street found a rally that did not need every chip stock to carry it.