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.
Power & Capital Desk
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.
AI Race Heats Up As China Challenges U.S. Leadership
Hugging Face CEO Clément Delangue said China currently leads in open-source AI models and could challenge U.S. frontier models within the next year.
Federal Judge Allows Utah To Enforce Gambling Laws Against Kalshi
Judge Shelby concluded that it was "implausible" to interpret federal legislation as overriding Utah's authority to enforce its own gambling regulations.
FCC Says Chinese Robot Restrictions Aim To Boost U.S. Manufacturing
Last month, the agency expanded the restrictions to include connected humanoid and quadruped robots as well as power inverters used in renewable energy systems, data centres and electricity grids.
U.S. Sanctions Cuban Military Firms Over Russia And China Arms Deals
Under the sanctions, all property and financial assets of the designated individuals and organisations that fall under U.S. jurisdiction are frozen, and American citizens and businesses are prohibited from conducting transactions with them.
Palo Alto Networks Faces Chinese Cybersecurity Investigation
China's Cyberspace Administration said the investigation aims to protect critical infrastructure, prevent cybersecurity risks and safeguard national security.
Dominion Pockets Profits During Proposed Sale
Dominion said it has contracted an additional 5.3 gigawatts of data center capacity in Virginia so far this year, bringing its total demand from data centers to 53.8 gigawatts.