Federal Reserve Renovation Costs Ballooned By Nearly $1 Billion
Investigators found no reasonable grounds to believe federal criminal law had been violated
Power & Capital
Where state power meets the boardroom. Power & Capital is TIPP Insights' daily geoeconomic brief. We decode tariffs, sanctions, supply chains, energy, and global risk for the people who run companies. Five sharp stories every weekday, anchored by the monthly TIPP Geoeconomic Risk Index. Read it for what the headlines actually cost the bottom line.
Trump Suggests 10-Person Committee To ‘Watch Over” AI
He spoke to reporters after eating lunch with top tech executives, administration officials, and House Speaker Mike Johnson.
Trump Says Major Tech Firms Agree To Voluntary AI Safety Accord
House Speaker Mike Johnson described the agreement as a voluntary set of commitments. Trump also proposed a committee of about 10 people to oversee the broader AI industry.
Trump, Tech CEOs Set To Discuss AI Safeguards And Innovation
Trump has argued that excessive regulation could undermine innovation and US competition with China.
Watch: Trump Brushes Off AI Safety Alarms Ahead Of Meeting With Anthropic Chief
The president has repeatedly rejected calls from tech leaders to slow the breakneck pace of AI development, arguing that heavy regulations or pacing safeguards would only cede America's technological dominance to global competitors like China.
What Is Trump’s $15 Billion Plan For The Largest US Steel Plant
Minnesota-based Mesabi Metallics will develop the integrated operation, using iron ore from its recently opened Minnesota mine to produce steel at a new Iowa facility.
Trump Says US Diesel Export Ban Is Under Serious Consideration
Supply disruptions linked to conflicts involving Iran, Russia and Ukraine have contributed to the surge.
China, US Lower Tariffs On Agriculture, Appliances And Consumer Goods
China’s Commerce Ministry said the truce extension would provide a more stable environment for businesses and allow further negotiations.
Jury Rules Facebook Misled New Mexico Users About Privacy Protections
The case, filed by New Mexico in 2021, followed revelations that Cambridge Analytica had obtained data from as many as 87 million Facebook users.
New York Sues Polymarket Over Alleged Illegal Gambling Operation
Her office is seeking a court order to halt the alleged operations, impose penalties and recover what it describes as illegally obtained gains.
Beijing Turns To Germany Amid Growing EU-China Trade Tensions
Germany’s trade deficit with China also widened to about €55 billion, while German exports to China fell more than 12%.
Watch: Trump Rechristens AI As 'Super Intelligence' In UN Address
Trump argued that the current moniker makes the revolutionary technology sound "fake".
What Do Soybeans, Boeing Planes And Rare Earths Reveal About US-China Trade
China has made the most visible progress on soybeans, purchasing nearly half of a pledged 25 million tons
The EPA Just Removed A Billion-Dollar Barrier To Reliable Power
The Environmental Protection Agency’s repeal of the 2024 greenhouse gas standards for power plants does exactly that, according to the EPA.
California Governor Newsom Orders New AI Safety Review
Potential measures include requiring independent third parties to prepare safety plans for frontier AI companies and requiring emergency shutdown systems for AI models.
New Report Raises Questions Over Fed’s Handling Of Silicon Valley Bank Risks
Consulting firm Starling Advisory Group conducted the review, which goes further than a 2023 internal assessment led by former Fed supervisory chief Michael Barr