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AXIOS (Amy Harder) - China stockpiled huge amounts of oil before Iran war

Data: U.S. Energy Information Administration ; Chart: Amy Harder/Axios China has stashed away far more oil than any other country, according to U.S. government data released this week. Why it matters: The stockpile, which surged last year, is emerging as a strategic advantage as the world faces an oil shock with the Strait of Hormuz largely shut. The big picture: China is a huge winner in the Iran war due in large part to its positioning on energy, including its oil stockpile. - It also owns over 70% of global solar, wind, battery and electric vehicle supply chains. - Those are all seeing a boost as import-dependent countries turn from oil and natural gas to renewables. Between the lines: "The war was the stress test that Beijing's…

Data: U.S. Energy Information Administration ; Chart: Amy Harder/Axios China has stashed away far more oil than any other country, according to U.S. government data released this week. Why it matters: The stockpile, which surged last year, is emerging as a strategic advantage as the world faces an oil shock with the Strait of Hormuz largely shut. The big picture: China is a huge winner in the Iran war due in large part to its positioning on energy, including its oil stockpile. - It also owns over 70% of global solar, wind, battery and electric vehicle supply chains. - Those are all seeing a boost as import-dependent countries turn from oil and natural gas to renewables. Between the lines: "The war was the stress test that Beijing's…Open

AXIOS (Kate Santaliz) - "I wish none of this had happened": GOP's buyer's remorse on redistricting

Buyer's remorse is hitting House Republicans over their mid-cycle redistricting war — a strategy meant to protect their majority that's now deeply in danger of backfiring. Why it matters: What began as an effort to create more GOP-controlled seats — and avoid a Democratic takeover that would weaken President Trump — now could be a wash, or even add to Democrats' edge. - At Trump's request, Republicans kicked off the unusual mid-decade redistricting push in Texas . But that effort triggered counter-moves in Democrat-led California and Virginia , where voters on Tuesday approved a new map that could leave the GOP with just one seat, down from five. - "It's not for me to say ... because really, it wasn't my decision," NRCC chair…

Buyer's remorse is hitting House Republicans over their mid-cycle redistricting war — a strategy meant to protect their majority that's now deeply in danger of backfiring. Why it matters: What began as an effort to create more GOP-controlled seats — and avoid a Democratic takeover that would weaken President Trump — now could be a wash, or even add to Democrats' edge. - At Trump's request, Republicans kicked off the unusual mid-decade redistricting push in Texas . But that effort triggered counter-moves in Democrat-led California and Virginia , where voters on Tuesday approved a new map that could leave the GOP with just one seat, down from five. - "It's not for me to say ... because really, it wasn't my decision," NRCC chair…Open

AXIOS (Zachary Basu) - Anthropic's growing pains mount ahead of OpenAI showdown

Anthropic is hitting turbulence at a critical moment, with a cascade of challenges converging ahead of a potential IPO that could value the company near $800 billion. Why it matters: The AI darling, whose revenue has tripled to $30 billion this year on the back of its wildly popular coding tools, has never been more valuable or more vulnerable. - Chief rival OpenAI senses opportunity in the Claude maker's recent stumbles, courting frustrated developers and pitching itself as the steadier alternative ahead of dueling IPOs. Zoom in: Anthropic's problems over the past two months span nearly every part of its business — product quality, pricing, security and capacity — and are starting to compound. 1. Model backlash: Perceived declines…

Anthropic is hitting turbulence at a critical moment, with a cascade of challenges converging ahead of a potential IPO that could value the company near $800 billion. Why it matters: The AI darling, whose revenue has tripled to $30 billion this year on the back of its wildly popular coding tools, has never been more valuable or more vulnerable. - Chief rival OpenAI senses opportunity in the Claude maker's recent stumbles, courting frustrated developers and pitching itself as the steadier alternative ahead of dueling IPOs. Zoom in: Anthropic's problems over the past two months span nearly every part of its business — product quality, pricing, security and capacity — and are starting to compound. 1. Model backlash: Perceived declines…Open