The small businesses behind high-profile legal challenges to President Trump's trade agenda are suing again to block his latest import taxes.
Why it matters: The lawsuits set up another legal test of Trump's tariff agenda after courts this year rejected one tariff regime and another remains tied up in court.
Nvidia appears poised to tighten its ties with OpenAI as it reportedly explores a deal to backstop financing for a massive data center to power the ChatGPT maker's ambitions.
Why it matters: The potential deal underscores the swift pace of the AI economy, but it also renews concerns that the increasingly "circular" nature of AI deals could create systemic financial risks.
Nvidia shares tumbled 4.5% in late morning trading.
President Trump told Axios on Monday that he decided to pause U.S. strikes on Iran in order to give negotiations another chance, but stressed that he could order a return to expanded military operations if diplomacy fails.
Why it matters: The current negotiations are focused on a new deal that would reopen the Strait of Hormuz and relaunch talks on a comprehensive nuclear deal.
Kuwait's government has signed a $16 billion crude oil pipeline deal with North American private equity firms Blackstone, Brookfield Asset Management, and KKR.
Why it matters: This comes amid attacks on Kuwait's energy infrastructure by Iran, in retaliation for U.S. strikes.
Why it matters: The restaurant-and-retail chain has been mired in a sales slump after the controversy prompted it to reverse course on its plan to modernize its logo and dining rooms.
Here's some good news about deploying AI inside your company: It's easier to find, train and redeploy existing staff to help implement AI than we thought possible.
Why it matters: We were early to AI at Axios and found there are existing staff outside of traditional tech fields who naturally get it and almost instantly and intuitively automate things.
