The Trump administration has made exporting American AI a key part of its plans for global AI dominance, but ad hocpolicy decisions around the most advanced AI are threatening that effort.
Why it matters: A flagship U.S. program designed to boost AI exports could be undermined by the very administration that created it.
The still-secret terms of President Trump's Iran deal have triggered a furious debate over how much Tehran stands to gain financially — and how soon.
The big picture: The deal is expected to allow Iran to sell oil freely during a 60-day negotiating window, while opening the door to broader sanctions relief, access to frozen funds and a potential $300 billion rebuilding investment fund if a final nuclear agreement is reached.
General Motors and Lockheed Martin plan to work together to strengthen U.S. manufacturing and boost America's readiness for war.
Why it matters: The collaboration, at the urging of the Trump Administration, is portrayed as an effort to protect national security by strengthening the U.S. industrial base across the defense sector.
Europe is bracing for another "China shock," with a flood of cheap exports threatening to hollow out the continent's most important industries.
Why it matters: Global imbalances — the growing gap between countries that produce more than they consume and those that consume more than they produce — are high on the G7 agenda this week.
The spike in interest rates this spring looks to have frightened homebuilders in a big way.
By the numbers: The number of housing units started in May fell 15.4% to an annualized 1.18 million, the Census Bureau said, the lowest reading since the early days of the pandemic and far below forecasters' expectations.
The steepest drop was in multifamily housing construction. Single-family housing starts fell a more modest 1.9%.
Paramount Skydance executives believe that antisemitism is playing a role in opposition to the company's proposed $111 billion takeover of Warner Bros. Discovery, which still faces possible challenges from state AGs and European regulators.
DOJ signed off on the deal last week, reportedly before career antitrust staffers had an opportunity to object.
The big picture: Debate over this merger has become more about personalities than policies, which is unusual.
The U.S. oil stockpile is at its lowest level since July 1983, when the country was still just building up its energy supply.
Why it matters: The stockpile, called the U.S. Strategic Petroleum Reserve, played a critical role in keeping a lid on oil and gasoline prices in the Iran war, but it's running low.
Why it matters: Nvidia's bond sales are part of an AI-related wave of change now sweeping through both bond and stock markets, as the world's largest and most cash-rich companies find that they too need investors to finance the AI buildout.
