When newly public companies have been valued as richly as SpaceX, OpenAI and Anthropic seem likely to be, the outlook for ordinary investors has been poor.
Elon Musk and his bankers are working to create a self-fulfilling prophesy for SpaceX’s massive initial public offering: Make investors feel that the risks of passing up the stock outweigh those of buying into it.
President Trump said on Friday that he is convening his national security team in the White House Situation Room to make a final decision about the agreement reached between U.S. and Iranian negotiators. Why it matters: The signing of the memorandum of understanding would be the most significant diplomatic breakthrough since the war started, but a final agreement tackling Trump 's nuclear demands would require further negotiations. This is a breaking news story and will be updated.
A federal judge temporarily blocked the Trump administration from moving forward with its $1.776 billion anti-weaponization fund in a Friday order. The big picture: The controversial plan aims to create an unprecedented mechanism to compensate people who claim they were wrongfully targeted by the government. Driving the news: U.S. District Judge Leonie Brinkema, who was nominated by former President Clinton, ordered the Department of Justice to hold off on taking further action on the fund, including transferring money to it. Editor's note: This is a breaking news story and will be updated with more information.
New York leaders changed state immigration laws to hold federal agents accountable for their deportation tactics, but their efforts will face opposition from the Trump administration.