Congress Scrambles To Cover Cost Of Iran War
On Wednesday, the White House’s Office of Management and Budget officially requested over $67 billion in Pentagon funding as part of a nearly $88 billion supplemental funding package.
Power & Capital Desk
Medicare To Cover Weight-Loss Drugs Under New Pilot Program
The temporary initiative is designed to improve access to anti-obesity drugs while evaluating new payment and coverage models for Medicare recipients.
Trump's Axon Investment Draws Ethics Questions Over ICE Contract
The White House said Trump's assets are held in a trust managed by his children and that independent third-party firms oversee his investments.
Trump's Attempt To Remove Fed Governor Halted By Supreme Court
In a narrow 5-4 decision, the court sent the case back to lower courts, where the Trump administration must present evidence supporting its allegations that Cook committed mortgage fraud
Are Republicans Souring On Data Centers?
Republican governors are increasingly arguing that their party has to start listening to constituents who are upset with how they believe data centers are affecting their lives, physical environment, and costs.
What Does South Korea's $576 Billion AI Plan Mean For Samsung And SK Hynix
Samsung and SK Hynix, along with suppliers, will invest about $517.9 billion to build two new semiconductor fabrication plants each in the country's southwest region
Why Is The White House Seeking To Limit OpenAI's Next AI Model
The request reflects growing concern within the U.S. government over the capabilities of advanced AI systems and the absence of a formal regulatory framework governing their deployment.
Why Are Chinese Carmakers Expanding Into Canada
Companies including BYD, Chery, Lotus and Changan have begun establishing dealerships, import networks and distribution channels despite modest sales expectations in Canada.
Judge Orders Elon Musk To Testify In Election Giveaway Lawsuits
The lawsuits were filed by Arizona residents Joy Harvick and Jacqueline McAferty, who contend that voters in seven battleground states were led to believe the daily $1 million prizes would be awarded randomly.
IBM Unveils Sub-1 Nanometer Chip Technology
IBM says the design overcomes physical limitations that have increasingly challenged traditional chip scaling.
U.S. Says Taiwan Arms Sale Not Tied To China Talks
He emphasized that the long-standing "Six Assurances," which state that U.S. arms sales to Taiwan will not be negotiated with China, continue to guide American policy.
The Fed Decides Today In Warsh's First Test As Chair
A fourth straight hold is all but certain, so the focus falls on the dot plot, the dropped easing bias, and a new chair's tone.
SpaceX Completes The Biggest IPO Ever, Listing Today
The rocket maker raised about 75 billion dollars and debuts on the Nasdaq into a suddenly friendlier, risk-on market.
World Bank Says The Iran War Is Throttling Global Growth
The lender cuts its 2026 forecast to the weakest since the pandemic and warns of a deeper slump if energy supply worsens.
Oil Slides As Traders Price In A Hormuz Reopening
Crude fell sharply on the deal signal, though the strait stays shut and the blockade remains until any agreement is signed.
Stocks Roar Back On Hopes The Iran War Is Ending
A relief rally swept Wall Street and then Asia after the deal signal, with chipmakers leading the charge.