President Trump on Friday threw his support behind what he called a "planned partnership" between U.S. Steel and Japan-based Nippon Steel, calling it a job-creating deal.
Why it matters: The Biden administration had rejected Nippon's proposed acquisition of U.S. Steel under national security grounds — and Trump had also expressed opposition to an outright sale.
A federal judge blocked the Trump administration's attempt to ban foreign students from attending Harvard within hours of the university filing its lawsuit Friday.
Why it matters: Harvard is becoming the litmus test of how far the Trump administration will go to try taking down colleges and universities it considers to have liberal biases.
The Trump administration is fighting a federal judge's order barring it from laying off some federal workers until lawsuits challenging the firings are resolved.
Driving the news: A federal judge on Thursday shielded workers at 22 federal agencies from layoffs while the lawsuits proceed.
President Trump's threat to Apple — build the iPhone for Americans in America, or else pay a new 25% tariff — risks massively increasing the price you pay for your phone, one way or another.
Why it matters: No one wants to pay two or three times more for a smartphone, and Apple experts doubt that a transition to U.S. manufacturing is even possible without years of investment and planning.
The Federal Trade Commission is investigating the liberal group Media Matters over claims that it and other media advocacy groups coordinated advertising boycotts of Elon Musk's X, Media Matters president Angelo Carusone confirmed in a statement Thursday.
Why it matters: Musk and conservatives have been targeting advertising groups for months as part of a broader effort to determine whether the ad market at large is biased against them.
GE Vernova is a player in helping provide fuel for AI, but data centers are still a minority of the booming demand for its gas turbines, a top exec said.
Why it matters: "If you think about ... industrialization, electrification, that's really what I would say is driving the bulk of our orders last year and really into this year," said Eric Gray, CEO of GE Vernova's gas power business.
One of the riskiest and most speculative trades in financial markets just got a major boost by President Trump, when he announced Wednesday evening he is "giving very serious consideration to bringing Fannie Mae and Freddie Mac public."
Why it matters: The implication here is that Trump has decided "the time would seem to be right" to end the conservatorship under which the two companies have operated since the financial crisis of 2008.
President Trump's decision to prevent international students from studying at Harvard University could hurt America's economy by reducing the number of startup founders.
Why it matters: Trump is aiming at Harvard, but buckshot may hit the innovation engine that America needs to stay ahead of China.
Google's newest AI video generator, Veo 3, generates clips that most users online can't seem to distinguish from those made by human filmmakers and actors.
Why it matters: Veo 3 videos shared online are amazing viewers with their realism — and also terrifying them with a sense that real and fake have become hopelessly blurred.
Three Sound Talent Group employees died on a small plane that crashed into a house in a San Diego neighborhood on Thursday morning, the music agency confirmed.
The big picture: Authorities said six people were aboard the Cessna 550 when it crashed near Montgomery-Gibbs Executive Airport around 3:45 a.m. local time and at least eight people were injured in the incident.
