California Attorney General Halts Paramount-WBD Merger Talks
The meeting was intended to explore a possible settlement in California’s lawsuit seeking to stop the merger
Power & Capital Desk
What Is Trump’s New Financial Offensive Against Iran
Treasury Secretary Scott Bessent said the new campaign would target Iran’s economic lifelines and countries or entities helping Tehran move petroleum and finances.
US-Canada Trade Fight Deepens As Tariffs Hit Key Consumer Goods
Businesses now face the choice of absorbing higher costs, finding alternative suppliers or limiting imports
US Escalates Cuba Pressure With New Sanctions And Border Detentions
The measures also restrict companies involved in importing industrial equipment and automotive parts.
Bessent: Treasury Buyback Could Exceed Announced $4 Billion
Bessent said the department intends to “make a market” in longer-term securities, where yields have recently climbed sharply.
Crypto Markets Rally As Trump Presses Congress On Regulation
Trump also signaled possible regulatory attention toward Hyperliquid, a decentralized trading platform
U.S. Treasury Moves To Steady Long-Term Bond Market
Treasury Secretary Scott Bessent will oversee the expanded program, which will focus on debt maturing in 10 to 20 years and 20 to 30 years.
Why Did Trump Pause 50% Tariffs On Canadian Goods
Trump announced Tuesday that the tariffs, initially scheduled to begin Wednesday, would instead be delayed until August 21
Disney Seeks Court Order To Halt FCC Action Against ABC
The lawsuit argues that FCC Chairman Brendan Carr’s actions violate Disney’s First Amendment rights.
Trump-Backed Crypto Firm Partners With Venture Offering Chinese AI Models
WorldClaw offers access to about 90 AI models, nearly half of which were developed by Chinese firms including Alibaba, Baidu and Z.ai.
US Awards Raytheon $22.9 Billion Contract To Boost Tomahawk Production
The deal is part of a broader effort by the Trump administration to strengthen the defense supply chain.
FDA Proposal Tightens Rules For ‘Generally Recognized As Safe’ Ingredients
A study released in March found that at least 111 substances of uncertain safety had entered food, drinks and supplements without FDA notification.
US Sanctions Cuban Military Officials, Firms Tied To Weapons Procurement
Secretary of State Marco Rubio announced the designations under an executive order President Donald Trump signed in May
Sanders Warns AI CEOs To Halt Development
He cited recent incidents involving potentially dangerous biological research and AI models displaying unexpected behavior.
Trump’s Commerce Department As Venture Capitalist: Political Investment At Its Worst
Although the US is new to this policy, it isn’t the first country to do this, as France, Norway, Germany, China, and others have already seen governments purchase of partial ownership in private firms.
Senate Passes Russia, Iran Sanctions Bill Named After Lindsey Graham
The bill targets major purchasers of Russian oil and natural gas while expanding sanctions against senior Russian officials, their family members, and influential oligarchs.