Good Tuesday morning. Here is what’s on President Trump’s agenda today: 8:00 AM THE PRESIDENT participates in Executive Time 12:00 PM THE PRESIDENT signs the […] Source
What looked like a typical round of President Trump insulting European leaders last weekend could turn into a wholesale reordering of the trans-Atlantic relationship. Why it matters: Administration officials are pointing to Europe's reluctance to get involved in Iran to question why the U.S. should continue underwriting its defense. - Against that backdrop, NATO Secretary General Mark Rutte is due in Washington tomorrow for what may be the alliance's most consequential encounter with Trump since his return to office. Zoom in: In the course of a few days late last week, Trump and his top officials rattled some of America's closest allies. - Trump said Italian Prime Minister Giorgia Meloni "begged" him to take a picture with her at the…
The Justice Department (DOJ) announced Tuesday that federal authorities have charged 455 defendants in a nationwide health care fraud operation involving an estimated $6.5 billion […] Source
A federal judge has vacated Trump administration policies that allowed immigration agents to arrest noncitizens at immigration courthouses nationwide. U.S. District Judge P. Casey Pitts […] Source
Data: Financial Modeling Prep ; Chart: Emily Peck/Axios Investors seem to be hitting pause on the AI run-up. Chip stocks in particular are slumping from their record highs. Why it matters: We're in a bit of a reality-check moment in the AI buildout — both for the businesses blowing their budgets on compute and for the investors bidding up stock prices for any company engaged in the new technology. The big picture: AI is moving faster than ever before, and the cost of some compute , or the price to rent the processing power needed to run models, is going down. - But prices to run the flagship frontier models from OpenAI and Anthropic are far more costly. - At the same time, demand for AI technology is still growing. State of play:…