Florida Gov. Ron DeSantis signed a bill Monday to rename Palm Beach International Airport after President Trump — as his family business seeks to trademark the use of his name on airports, a move legal experts called unprecedented.
Why it matters: The Trump family business has said it "will not receive any royalty, licensing fee or financial consideration whatsoever from the proposed airport renaming." But trademark lawyers say the filings could still give it control over how the Trump name is used.
A super PAC closely aligned with the Trump administration plans to spend more than $50 million on voter turnout, providing a major financial boost to the GOP as it weathers a challenging midterm environment.
Driving the news: Chris Buskirk, an ally of Vice President Vance and the leader of the Turnout for America super PAC, made the announcement at a retreat hosted by the Rockbridge donor network.
David Sacks' influence as President Trump's chief AI architect will continue from his perch outside the White House, according to officials — but some close to the administration say it's welcome distance as voters' fears about AI grow.
Why it matters: It keeps a powerful Silicon Valley voice at the center of Trump's AI circle without the government ethics constraints that come with serving inside government.
The Labor Department on Monday proposed rules to open 401(k) plans to private equity, private credit, crypto and other alternative assets.
Why it matters: The move could unlock trillions of dollars in new investment for alternative assets — but critics warn that it could expose millions of retirement savers to higher risk and volatility.
President Trump hinted Monday that the Iran war may be over soon — the latest in a series of occasions he has teased that the conflict might end.
Why it matters: Trump's messaging on the Iran war's endgame is all over the map as he attempts to make his case to the American people that the conflict will not lead to prolonged war.
Tech giants are pulling back from AI-generated pornography over mounting legal, safety and reputational risks, abandoning an industry that has driven technological innovation since before the internet's dawn.
Why it matters: The retreat cones even as adult entertainment continues to wield significant consumer influence, and while difficult to track, the demand for erotic AI-generated content is booming.
Federal Reserve chair Jerome Powell said the Fed is not yet at the moment when it needs to decide whether to "look through" the Iran war energy shock.
What they're saying: "It's something we will eventually, maybe, face the question of what to do here. We're not really facing it yet because we don't know what the economic effects will be," Powell told introductory economics students at Harvard University on Monday morning.
The Houthis — a military rebel group from Yemen — have joined the Iran war, massively complicating the road ahead for the United States.
Why it matters: Houthi involvement not only gives Iran another ally in the war but could exacerbate the global energy and shipping crises caused by closing the Strait of Hormuz.
If Dems win the House in midterms (likely), expect them to target moguls and major corporations for subpoenas, Axios CEO Jim VandeHei writes in his new newsletter for CEOs.
The target list includes monopolies, AI and social media.
Republicans are considering reductions in federal health spending to help pay for a budget bill containing as much as $200 billion to fund the Iran war and immigration enforcement.
Why it matters: New efforts to rein in health programs are sure to be controversial and open the GOP up to election-year attacks that they're cutting health care to pay for an unpopular war.
Forget earnings reports or other corporate announcements, the stock market really has just two main catalysts this year: AI anxiety and President Trump.
Why it matters: It's like a pinball machine where the flippers are Truth Social and Anthropic blog posts.
More than two dozen wind farms across the U.S. are beingdelayed as the Trump administration sits on military reviews that wereonce considered routine.
Why it matters: The delays are dragging down a race led by tech companies — and backed by President Trump — to build power-hungry data centers to lead the global AI race.
Oil prices climbed above $116 per barrel after markets opened Sunday, as Iran-backed Houthi militants fired missiles and drones at Israel over the weekend and promised to continue attacks.
Why it matters: The high price that remained around the $116 a barrel mark late Sunday came as the war moved into its fifth week, showing little sign of abating despite President Trump's talk of diplomacy.
