US Politics & Business News
President Trump on Monday forcefully denied a report from Axios claiming he offered Iran sanctions relief and unfrozen funds in exchange for nuclear concessions. Trump took to Truth Social to reject the story, calling it a fabrication designed to fuel what he described as media bias against his administration. “Axios just released a story that…
Pope Leo XIV has pushed back against efforts to dismiss artificial intelligence concerns, saying experts raising alarms about rogue AI deserve to be taken seriously. Speaking to reporters while departing France for Vatican City, the American pontiff addressed growing fears that AI software could spiral beyond human control. “If someone were to ask me, ‘Am…
Shares of AST SpaceMobile (ASTS) climbed 0.2% overnight after the company disclosed a new change-of-control severance plan covering its CEO and senior executives. The plan, adopted by the board’s compensation committee and disclosed in a Monday filing, covers CEO Abel Avellan along with the company’s president, executive vice presidents, and senior vice presidents. Under the…
Raytheon, a business unit of RTX (NYSE: RTX), has been awarded a five-year multi-year contract valued at up to $20.7 billion for production of AMRAAM missiles. The contract includes two option years and was awarded under the Department of War’s Arsenal of Freedom initiative, a program designed to accelerate domestic munitions output. The agreement follows…
SpaceX is no longer just a rocket company, and Wall Street analysts are increasingly focused on its fast-growing artificial intelligence infrastructure business. The company has been securing major AI compute deals that analysts believe could dwarf revenues from its core launch and satellite operations in the years ahead. TD Cowen projects that SpaceX’s terrestrial AI…
Advanced Micro Devices (AMD) has agreed to acquire World Labs, a San Francisco-based AI startup, in an all-stock transaction valued at approximately $8.2 billion. World Labs was founded by Fei-Fei Li, a Stanford computer science professor widely regarded as a pioneer in modern artificial intelligence and computer vision research. The company develops spatial-intelligence models capable…
Senate Majority Leader John Thune has publicly criticized the Trump administration for running taxpayer-funded advertisements that closely resemble campaign materials from the 2024 presidential race. The ads, which carry an on-screen disclaimer reading “Paid for by the U.S. Government,” have aired on major cable and broadcast television networks across the country. One television advertisement features…
Major news organizations, including The New York Times, are urging a federal court to give little weight to the Department of Justice’s support for OpenAI in ongoing copyright litigation. The outlets filed a formal response to the DOJ’s Statement of Interest, which argued that training artificial intelligence models on unlicensed content qualifies as fair use…
Senate Democrats are escalating their pushback against Homeland Security Secretary Markwayne Mullin over concerns about federal immigration officials interfering in elections. Sen. John Fetterman (D-Pa.), a centrist often at odds with his party, joined 33 Senate Democratic colleagues in signing a letter directed at Mullin demanding immediate action. Sen. Gary Peters (D-Mich.), the ranking member…
President Trump on Monday flatly denied discussing the sale of U.S. weapons with Chinese President Xi Jinping during their recent meeting. Trump was pressed by reporters after U.S. Ambassador to China David Perdue suggested over the weekend that Trump had floated the idea of selling weapons to China. “I never heard of that one,” Trump…