A woman walks past a Tehran mural referencing the Strait of Hormuz amid U.S.-Iran tensions over Gulf shipping and diplomacy. Photo: Atta Kenare/AFP via Getty Images
Some close advisers to President Trump fear the biggest substantive result of the China summit is heightened danger that Chinese President Xi Jinping will invade Taiwan in the next five years, potentially choking off the chips used to power AI to U.S. companies.
What they're saying: Trump loved the pageantry and the special access Xi shrewdly rolled out during the Beijing visit. But the words didn't match the bonhomie. One Trump adviser told us Xi is "trying to move China to a new position where he's saying: 'We're not a rising power. We're your equal. And Taiwan is mine.'"
Republicans have delivered major wins for the crypto industry in Washington — and they're increasingly frustrated that its biggest political spender isn't stepping up for them in the midterms.
Why it matters: Crypto now commands the biggest political war chest of any industry in America — and how it deploys that cash could help decide the November elections.