What We're Watching

Biden’s farewell speech sounds alarm

​US President Joe Biden looks on after he delivered his farewell address to the nation from the Oval Office of the White House in Washington, DC, on Jan. 15, 2025.

US President Joe Biden looks on after he delivered his farewell address to the nation from the Oval Office of the White House in Washington, DC, on Jan. 15, 2025.

MANDEL NGAN/Pool via REUTERS
In an ominous farewell address from the Oval Office late Wednesday, President Joe Biden concluded half a century of public service by warning about the emergence of an “oligarchy” in America. His speech focused on concerns about democratic institutions under the incoming Trump administration, particularly regarding the influence of billionaires like Elon Musk. Biden specifically cautioned that a “tech-industrial complex” was grinding away at the idea of truth and pointed to the concentration of power among the ultrawealthy.

Biden emphasized the importance of democratic engagement and continued progress on issues like climate change, warning against powerful interests seeking to reverse environmental initiatives.

Rather than highlighting his own achievements, the speech called for a series of ethical reforms for government officials, including term limits and ethics reform for the Supreme Court, banning congressional stock trading, and a constitutional amendment clarifying that presidents are not immune from crimes committed while in office.

Biden ended his final speech in office by emphasizing the importance of American democratic institutions, noting that while imperfect, “they’ve maintained our democracy for nearly 250 years, longer than any other nation in history that’s ever tried such a bold experiment.”

More For You

A woman prepares to throw trash on a street in downtown Havana, Cuba, February 16, 2026.
REUTERS/Norlys Perez

The lights are going out in Cuba. There are no planes landing at Havana’s international airport; the jet fuel's gone. Buses have stopped running across most of the capital.

Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.

Last week, at the Munich Security Conference, a group of global technology providers, including Microsoft, announced the Trusted Tech Alliance — committed to shared, verifiable principles for trusted, transparent, and resilient technology across borders. At a moment of economic volatility and zero-sum technological competition, countries and customers are demanding greater accountability from technology providers. The Alliance addresses this by bringing together companies from across Africa, Asia, Europe, and North America around shared commitments: transparent governance, secure development practices, supply chain oversight, open digital ecosystem, and respect for the rule of law — ensuring the benefits of emerging technologies strengthen public trust while driving job creation and economic growth. Explore the Trusted Tech Alliance here.