Trade Court Strikes Down Trump 10% Universal Tariffs
The U.S. Court of International Trade ruled that President Trump’s newly imposed 10% universal tariff, enacted under the unused Section 122 of the 1974 Trade Act, is illegal. The court issued a permanent injunction limited to the two small‑business plaintiffs, leaving duties in place for most importers while the administration prepares an appeal. The decision follows a February Supreme Court strike‑down of earlier tariffs and comes as the 10% surcharge is set to expire on July 24. Officials signal they may replace the tariffs through other trade tools, such as ongoing Section 301 investigations.
OpenAI Makes Its Rival to Anthropic's Mythos More Widely Available to Cyber Defenders
OpenAI has launched a limited preview of GPT-5.5-Cyber, a less‑guarded version of its GPT-5.5 model, for vetted cyber‑defenders protecting critical infrastructure. Early testing shows the model performs on par with Anthropic’s Mythos in finding and exploiting software bugs, with Mythos...
Iran and U.S. Exchange Fire in Strait of Hormuz
On Thursday the United States and Iran exchanged fire in the Strait of Hormuz, with Iran launching missiles and drones at three U.S. destroyers and the U.S. responding by striking Iranian launch sites, command centers and intelligence nodes. CENTCOM reported...
Rubio Announces New Cuba Sanctions
U.S. Secretary of State Marco Rubio announced Thursday new sanctions targeting Cuba’s military‑industrial conglomerate GAESA, senior board member Ania Guillermina Lastres Morera, and the state‑owned mining firm Moa Nickel S.A. The measures implement President Trump’s May 1 executive order aimed at...
Trump's Mandatory ICE Detention Policy Struck Down in Appeals Court
A federal appeals court in the 11th Circuit struck down the Trump administration's mandatory ICE detention policy, which required all undocumented entrants to be held without bond. The ruling follows a wave of lower‑court decisions challenging the policy’s reinterpretation of...
Trump's Student Loan Limits Could Rock the Health Care Industry
The Trump administration’s 2025 tax bill caps federal student loans at $100,000 for graduate degrees and $200,000 for 11 professional programs, including medicine, pharmacy and dentistry, effective July 1. Median tuition at public medical schools ($298,000) and private schools ($408,000) far...
Corporate America Shrugging Off Economic Uncertainty as Earnings Deliver
Corporate America delivered a robust Q1 earnings season, with 84% of S&P 500 companies topping estimates—well above the five‑year average of 78%. Winners such as Uber, Disney, CVS Health and Novo Nordisk posted strong top‑line growth and raised guidance, while all...
Trump Optimistic as U.S. Awaits Iran's Response to Peace Framework
President Donald Trump said talks with Iran have been productive and expressed confidence a deal could be reached within days. The White House is awaiting Iran's response to a one‑page, 14‑point memorandum that would impose a moratorium on nuclear enrichment,...
AI Makes a Mess of Private Equity
AI’s rapid evolution is unsettling private‑equity deal modeling, especially for new investments. Executives at the Milken Global Conference describe exit‑multiple forecasts as a blindfolded dart‑throw, reflecting uncertainty across sectors, even those previously deemed AI‑resistant. While limited partners keep feeding dry‑powder...
Doctors' Growing AI Deepfakes Problem
AI-generated deepfake videos are impersonating physicians to market dubious supplements and medical devices, prompting the American Medical Association to call for new privacy and identity‑protection laws. States such as California and Pennsylvania are already moving toward disclosure mandates and bans...
New Frontier of AI Forces Trump's Heavy Hand
President Trump entered office promising an unfettered AI market, but 15 months later his administration is drafting an executive order that would make the White House the primary gatekeeper for the most powerful models. The plan includes a working group...
Scoop: Rep. Chuck Edwards Singled Out Young Female Aides for Special Attention
Rep. Chuck Edwards, a second‑term Democrat from North Carolina, is under a House Ethics Committee investigation after multiple sources reported inappropriate conduct toward two young female staffers. The allegations include a handwritten love letter, personal gifts, and a Las Vegas vacation...
AI Godfather Yann LeCun's Advice on College, Work and Breaking Through AI Hype
Yann LeCun, the Turing‑award‑winning AI pioneer, cautions that AI doom narratives are inflating fear among teens and distorting public policy. He argues CEOs of AI labs exaggerate risks to sell products, and that the claim AI will wipe out 20% of...
Exclusive: Kalshi Announces Steps to Keep Kids Off Prediction Market
Kalshi announced a suite of new safeguards aimed at keeping minors off its prediction‑market platform, including mandatory facial‑recognition checks, selfie verification for high‑risk users, two‑factor authentication, and login‑alert tools. The company also plans to suggest personalized deposit limits when it...
A Closed Strait of Hormuz Was Once Unthinkable
Energy planners have historically dismissed a full closure of the Strait of Hormuz as implausible, a view reflected in 2007 and 2022 scenario exercises that omitted the extreme event. Recent disruptions, however, have forced executives like TotalEnergies CEO Patrick Pouyanné...