The U.S. government and several legal and business groups have submitted amicus briefs to the Supreme Court supporting Apple's bid to overturn a civil contempt ruling stemming from its App Store dispute with Epic Games. The contempt finding arose after Apple began charging a 27% commission on purchases made through external links, which Epic argued violated a prior injunction. Apple maintains the injunction's original wording never explicitly barred such a commission, and that lower courts wrongly invoked the 'spirit' of the order rather than its text.
After the Clarity Act failed to advance in the Senate, the SEC issued an order creating a temporary pathway for trading tokenized stocks, and the CFTC submitted a crypto rulemaking proposal to the White House for review the same day. Details of the CFTC proposal have not been made public, though the Office of Management and Budget confirmed it is pending review.
Resolute, a sneaker brand featuring traditional Palestinian tatreez embroidery, has begun selling its shoes in the United States. The intricate needlework is done by women artisans in the West Bank who continue their craft despite ongoing conflict and safety risks in the region.
Treasury Secretary Scott Bessent said the United States has proposed a 'notification mechanism' allowing the U.S. and China to alert each other about AI incidents that could threaten national security. The proposal emerged from weekend talks between Bessent and Chinese Vice Premier He Lifeng in New York, held ahead of a Thursday meeting between President Trump and Xi Jinping. Officials also said they had agreed to operationalize a new 'Board of Trade' first discussed in May and were exploring tariff reductions on nonsensitive goods like agriculture, energy and medical devices.
MS NOW, CNN and Politico are suing President Trump after he barred their journalists from White House grounds over the weekend, citing dissatisfaction with their coverage of his administration. The outlets argue the ban violates the First Amendment, and their lawsuit is being filed in the same court handling a similar case brought by The Associated Press.
Ahead of a planned meeting in Washington between President Trump and Chinese leader Xi Jinping, AI governance is expected to be a key topic despite deep mutual distrust between the two nations. Both countries are simultaneously racing for AI dominance while acknowledging the technology's risks, with Trump previously suggesting that regulation could benefit China's competitive position.
Cohere CEO Aidan Gomez said Chinese AI labs have built genuine capabilities that surpass simple copying of American models, even as U.S. companies and officials frame Chinese progress largely as 'distillation' or theft. He noted that some Chinese models now beat top American systems on certain benchmarks, which he argues wouldn't be possible through distillation alone since that technique can only narrow a gap, not exceed it.
American AI governance discussions focus largely on existential risks and protecting humanity from potential harms of advanced systems. Chinese authorities, by contrast, prioritize AI rules that shield the Communist Party's authority and political stability, reflecting fundamentally different visions of what 'safe' AI should look like.
A new McKinsey and SEMI Foundation report projects the United States could be short by as many as 157,000 semiconductor workers by 2030, even as companies like Samsung, TSMC and Intel race to build new fabrication plants domestically. Samsung executive Jon Taylor told CNBC he's worried there simply aren't enough technically trained people entering the field to staff these facilities, including Samsung's $35 billion Taylor, Texas complex set to begin production this year.
X has rolled out a new feature letting U.S. users trade stocks, ETFs, and cryptocurrencies directly from ticker mentions on their timelines. Tapping a Cashtag now shows a live price chart and related posts, with a 'Trade' button that routes users to partnered brokerages like Interactive Brokers, Moomoo, Gemini, Kraken, and Coinbase to complete transactions.
Emil Michael, the Department of Defense's chief technology officer, said Wednesday he hopes the Trump administration will not pursue nationalization or partial ownership stakes in artificial intelligence companies. He made the remarks on CNBC's 'Squawk on the Street,' contrasting AI policy with the administration's recent equity moves in firms like Intel and U.S. Steel. Michael also voiced skepticism toward tightening regulatory oversight of AI companies.
Realtor.com evaluated the 100 largest U.S. metro areas based on affordability and rates of new home construction, then ranked the ten best markets for buyers. The report highlights cities where local policy choices have helped keep housing costs in check despite broader market pressures.
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