Axios

SpaceX CEO Elon Musk, Anduril Industries founder Palmer Luckey and former House Speaker Newt Gingrich will lead a Pentagon study of the future of warfare dubbed "Project Meridian," Defense Secretary Pete Hegseth announced Wednesday.

Why it matters: It's Musk's first official role advising the Trump administration since his very public feud last year with President Trump after departing DOGE. He has since reconciled with Trump.

A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday.

Why it matters: The findings effectively clear Powell after the Justice Department opened an unprecedented criminal investigation into then-Fed chair, which became public in January.

Google is unveiling its long-awaited next-generation AI model, Gemini 4 Argon, to a small group of cybersecurity partners, the company said Wednesday.

Why it matters: Gemini 4 arrives after a long gap at the top of Google's model lineup, in which the company kept rolling out smaller, cheaper Flash models while rivals OpenAI and Anthropic sprinted forward.