U.S. Approves Major AI Chip Sales to UAE and Saudi Arabia
The U.S. greenlights the sale of up to 70,000 advanced AI chips to UAE and Saudi companies, reversing earlier restrictions and reshaping global AI competition.
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Trump Admin Backs $1B Loan to Restart Three Mile Island Nuclear Plant
Trump administration approves $1 billion loan for Constellation Energy to restart Three Mile Island's undamaged reactor, aiming to boost power supply for AI data centers and manufacturing.
Trump Administration Promises Lower Coffee and Fruit Prices
Treasury Secretary Scott Bessent says the Trump administration will take steps soon to lower prices on coffee, bananas, and other imported foods amid rising grocery costs.
Trump's Attack on Health Insurers Sends Stocks Tumbling
Health insurance stocks dropped during pre-market trading after President Trump criticized insurers on social media and proposed providing direct subsidies to consumers instead of ACA tax credits.
China Plans New Rare Earth Export Licenses, But Full Easing Unlikely
China is creating a new rare earth licensing system to simplify exports, but full removal of restrictions remains uncertain, industry insiders say.
Trump Slashes Obesity Drug Prices with Lilly, Novo Nordisk Deals
President Trump announced deals with Eli Lilly and Novo Nordisk to slash GLP-1 obesity drug prices for Medicare/Medicaid and launch TrumpRx.gov. Medicare coverage for these costly treatments begins mid-2026.