Katy Perry gears up for sci-fi inspired world tour

ONTARIO, Calif. (AP) — In less than a year, Katy Perry has released an album, campaigned for Vice President Kamala Harris and, just this week, flown to space. As she heads to Mexico City to kick off a world tour on Wednesday, the pop superstar shows no intention of slowing down.

“I’m always open and I say, ‘Why not?’ and ‘Let’s just try,’” she told The Associated Press recently at her Southern California rehearsal space. “The power of your thoughts are so incredible because everything starts with a thought. I had this thought, ‘I want to go on tour.’ And here we are.”

With that openness to try comes accepting that not every endeavor will be a victory. Her September album, “143,” was critically panned, and she was simultaneously criticized for reuniting with embattled producer Dr. Luke. Celebrities like Olivia Munn and Emily Ratajkowski critiqued the spaceflight’s use of resources as superfluous and indulgent. And Harris ultimately lost the November election to President Donald Trump.

But Perry’s longevity and the scale of her fame since her 2008 breakout hit, “I Kissed a Girl,” are attributable at least in part to her willingness to get back up in the wake of a setback, as she belts in her 2013 empowerment anthem, “Roar.”

“I can control what I can control,” she said.

That mantra has been refined over the past 15 years through her practice of Transcendental Meditation. The meditation technique has been embraced by a handful of celebrities, including — perhaps most zealously — the late David Lynch, whom Perry credits with spreading the practice and its message.

“That changed my life. And I’ve gone on a long inner space journey to untangle some wires, to answer some questions, to become more grounded, to find the power within myself,” she said.

Perry is fascinated by all things spiritual, casually weaving into conversation references to astrology, the enneagram and cardology, which purports to impart mystical insights into an individual’s personality through playing cards. Perry also credits having her daughter, Daisy, with propelling her along a journey of self-discovery and enhancing her “feminine divine.”

“Being a mother just makes you level up with that type of power,” she said. “I think I’ve just grown into the strong woman that I’ve always dreamed of and idolized.”

That journey has informed her approach to music and performing, down to the narrative of her sci-fi themed “Lifetimes Tour.” Citing films like “Blade Runner” and “The Fifth Element” as visual and thematic inspirations, Perry will play a video game character who faces off against evil forces.

“It’s really about believing in yourself and leading with love. Those are always my messages, no matter how I wrap it or whatever tour I bring. It’s love and empowerment,” she said. “When I can lead by example, it just ripples.”

Perry’s tour of more than 80 performances will primarily be a career-spanning showcase of past hits, but with a dance-infused flare to some of the traditional pop songs. “I tell everybody they have to wear some sensible shoes,” she explained.

In the nearly two decades since Perry emerged as a pop star, she has made tongue in cheek lyricism — in line with her “very sarcastic” sense of humor — and catchy messages of empowerment a signature of her songs. Critical reception to her more recent albums has been less than enthusiastic, but that hasn't stopped the 40-year-old from going all out for this tour, calling it “Disneyland on wheels.”

“I feel a responsibility to my audience who have really been with me on this ride during this whole lifetime to give them that feeling that they had when they first heard 'Teenage Dream,'" she said.

Dancers and choreographers gather onstage for rehearsals for Katy Perry's "The Lifetimes Tour" at the Toyota Arena on Wednesday, April 9, 2025, in Ontario, Calif. (AP Photo/Chris Pizzello)

Dancer Diego Pasillas warms up in front of onstage video screens during rehearsals for Katy Perry's "The Lifetimes Tour" at the Toyota Arena on Wednesday, April 9, 2025, in Ontario, Calif. (AP Photo/Chris Pizzello)

Dancer Evan DeBenedetto rehearses a move during preparations for Katy Perry's "The Lifetimes Tour" at the Toyota Arena on Wednesday, April 9, 2025, in Ontario, Calif. (AP Photo/Chris Pizzello)

Dancer Diego Pasillas rehearses a move during preparations for Katy Perry's "The Lifetimes Tour" at the Toyota Arena on Wednesday, April 9, 2025, in Ontario, Calif. (AP Photo/Chris Pizzello)

Dancers and choreographers talk onstage during rehearsals for Katy Perry's "The Lifetimes Tour" at the Toyota Arena on Wednesday, April 9, 2025, in Ontario, Calif. (AP Photo/Chris Pizzello)

FILE - Katy Perry appears at an "American Idol" Season 22 Top 10 tastemaker event in Los Angeles on April 22, 2024. (Photo by Jordan Strauss/Invision/AP, File)

NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.

Trump was not clear in his social media post Friday night whether a cap might take effect through executive action or legislation, though one Republican senator said he had spoken with the president and would work on a bill with his “full support.” Trump said he hoped it would be in place Jan. 20, one year after he took office.

Strong opposition is certain from Wall Street in addition to the credit card companies, which donated heavily to his 2024 campaign and have supported Trump's second-term agenda. Banks are making the argument that such a plan would most hurt poor people, at a time of economic concern, by curtailing or eliminating credit lines, driving them to high-cost alternatives like payday loans or pawnshops.

“We will no longer let the American Public be ripped off by Credit Card Companies that are charging Interest Rates of 20 to 30%,” Trump wrote on his Truth Social platform.

Researchers who studied Trump’s campaign pledge after it was first announced found that Americans would save roughly $100 billion in interest a year if credit card rates were capped at 10%. The same researchers found that while the credit card industry would take a major hit, it would still be profitable, although credit card rewards and other perks might be scaled back.

About 195 million people in the United States had credit cards in 2024 and were assessed $160 billion in interest charges, the Consumer Financial Protection Bureau says. Americans are now carrying more credit card debt than ever, to the tune of about $1.23 trillion, according to figures from the New York Federal Reserve for the third quarter last year.

Further, Americans are paying, on average, between 19.65% and 21.5% in interest on credit cards according to the Federal Reserve and other industry tracking sources. That has come down in the past year as the central bank lowered benchmark rates, but is near the highs since federal regulators started tracking credit card rates in the mid-1990s. That’s significantly higher than a decade ago, when the average credit card interest rate was roughly 12%.

The Republican administration has proved particularly friendly until now to the credit card industry.

Capital One got little resistance from the White House when it finalized its purchase and merger with Discover Financial in early 2025, a deal that created the nation’s largest credit card company. The Consumer Financial Protection Bureau, which is largely tasked with going after credit card companies for alleged wrongdoing, has been largely nonfunctional since Trump took office.

In a joint statement, the banking industry was opposed to Trump's proposal.

“If enacted, this cap would only drive consumers toward less regulated, more costly alternatives," the American Bankers Association and allied groups said.

Bank lobbyists have long argued that lowering interest rates on their credit card products would require the banks to lend less to high-risk borrowers. When Congress enacted a cap on the fee that stores pay large banks when customers use a debit card, banks responded by removing all rewards and perks from those cards. Debit card rewards only recently have trickled back into consumers' hands. For example, United Airlines now has a debit card that gives miles with purchases.

The U.S. already places interest rate caps on some financial products and for some demographics. The Military Lending Act makes it illegal to charge active-duty service members more than 36% for any financial product. The national regulator for credit unions has capped interest rates on credit union credit cards at 18%.

Credit card companies earn three streams of revenue from their products: fees charged to merchants, fees charged to customers and the interest charged on balances. The argument from some researchers and left-leaning policymakers is that the banks earn enough revenue from merchants to keep them profitable if interest rates were capped.

"A 10% credit card interest cap would save Americans $100 billion a year without causing massive account closures, as banks claim. That’s because the few large banks that dominate the credit card market are making absolutely massive profits on customers at all income levels," said Brian Shearer, director of competition and regulatory policy at the Vanderbilt Policy Accelerator, who wrote the research on the industry's impact of Trump's proposal last year.

There are some historic examples that interest rate caps do cut off the less creditworthy to financial products because banks are not able to price risk correctly. Arkansas has a strictly enforced interest rate cap of 17% and evidence points to the poor and less creditworthy being cut out of consumer credit markets in the state. Shearer's research showed that an interest rate cap of 10% would likely result in banks lending less to those with credit scores below 600.

The White House did not respond to questions about how the president seeks to cap the rate or whether he has spoken with credit card companies about the idea.

Sen. Roger Marshall, R-Kan., who said he talked with Trump on Friday night, said the effort is meant to “lower costs for American families and to reign in greedy credit card companies who have been ripping off hardworking Americans for too long."

Legislation in both the House and the Senate would do what Trump is seeking.

Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., released a plan in February that would immediately cap interest rates at 10% for five years, hoping to use Trump’s campaign promise to build momentum for their measure.

Hours before Trump's post, Sanders said that the president, rather than working to cap interest rates, had taken steps to deregulate big banks that allowed them to charge much higher credit card fees.

Reps. Alexandria Ocasio-Cortez, D-N.Y., and Anna Paulina Luna, R-Fla., have proposed similar legislation. Ocasio-Cortez is a frequent political target of Trump, while Luna is a close ally of the president.

Seung Min Kim reported from West Palm Beach, Fla.

President Donald Trump arrives on Air Force One at Palm Beach International Airport, Friday, Jan. 9, 2025, in West Palm Beach, Fla. (AP Photo/Julia Demaree Nikhinson)

FILE - Visa and Mastercard credit cards are shown in Buffalo Grove, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, File)