House Panel Urges Wizards, Capitals Owner To End Alibaba Ties
According to the report, Rep. John Moolenaar requested confirmation by July 15 that the company has severed ties with the Chinese technology giant and its affiliates.
Power & Capital Desk
Congress And Insider Trading: The Rules Don’t Apply When You Make The Rules
They write laws governing entire industries, receive classified briefings about policy decisions before they’re public, and sit on committees with direct oversight authority over the sectors they’re trading. Most of them keep trading.
Trump Administration Ends Iran Oil Sales Authorization
According to the report, U.S. officials said the memorandum of understanding with Iran was always intended to be performance-based, with continued sanctions relief dependent on Tehran's conduct.
Netanyahu Says F-35 Deal With Turkey Would Upset Regional Balance
According to the report, President Donald Trump indicated at the NATO summit in Turkey that he is open to reversing the ban on F-35 sales that was imposed during his first term, describing Turkey as an important ally.
DOGE Officially Ends Operations After Federal Cost-Cutting Drive
The report said DOGE was established after President Trump renamed the U.S. Digital Service and directed federal agencies to provide broad access to unclassified records and information systems.
House Committee Announces Fraud Investigation Into Autism Therapy Firm
Committee Chairman Tim Walberg, R-Mich., and Rep. Rick Allen, R-Ga., requested extensive records from The Perfect Child LLC, a company that provides autism therapy services nationwide.
Why Is Lockheed Martin Acquiring Ultra Maritime
According to the report, the acquisition will strengthen the company's naval defense portfolio as global demand for advanced military technologies continues to rise.
Why Is NATO Demanding New Defense Spending Plans
The report said NATO is expected to announce tens of billions of dollars in new defense industry contracts during a forum on Tuesday.
Google Loses Appeal Against €4.1 Billion EU Antitrust Fine
The ruling effectively upholds one of the largest competition penalties ever issued by the European Commission.
China-Based Tycoon Neville Roy Singham Under Investigation
Singham is known for his underwriting of socialist, communist, and Marxist causes.
Club For Growth Releases Congressional Scorecard
Founded in 1999, the Club for Growth advocates for cutting taxes and government spending. The scorecard is based on 19 House votes and 17 Senate votes.
5 Taxpayer Wins From Vance’s Fraud-Fighting Task Force
In March, President Donald Trump tapped Vance to lead the task force, with Federal Trade Commission Chairman Andrew Ferguson serving as vice chair.
Elon Musk Denies WSJ Report On SpaceX AI Handset Prototype
The billionaire called the WSJ report "utterly false" after it claimed SpaceX showed investors an AI-powered handset prototype before its IPO.
Alibaba Agrees To $600 Million DOJ Settlement
The settlement covers alleged compliance failures spanning from January 2016 through December 2024.
SCOTUS Clears Way For Coordination With Candidates, Parties in Fundraising
Justices heard arguments in December in National Republican Senatorial Committee v. Federal Election Commission, and a majority seemed inclined to further roll back campaign finance limits.
