Axios

The Commerce Department announced Monday that the Trump administration's effort to export "full-stack" U.S. AI packages will enter its next phase on April 1.

Why it matters: The American AI exports program is meant to bundle the infrastructure, tools and models into ready-to-deploy AI systems for allies and partners, and has been touted as a key part of the White House's AI policy goals.

A forum this weekend in Tokyo with 17 Indo-Pacific nations resulted in more than $56 billion in energy-related deals with those countries, the Interior Department said Monday.

Why it matters: Trump administration officials hope the dealmaking can strengthen multinational ties as well as fulfill President Trump's "energy dominance" agenda.

The Iran war has entered its third week with ballooning costs and a deepening humanitarian crisis — and no diplomatic off-ramp in sight.

The big picture: Trump and his aides have mentioned varying timelines for ending the war. But with a heavily damaged but defiant Iran stymieing trade, the U.S. remains dug in.

When Jared Kushner formed Affinity Partners in 2021, and then raised most of his first fund from Middle Eastern sovereigns, he took great pains to say that the endeavor was conceived after he left the White House.

• He bristled at suggestions of quid pro quo, but also understood that the whiff was strong enough that it had to be addressed.

UniCredit of Italy launched an unsolicited bid to increase its stake in Germany's Commerzbank to over 30%.

Why it matters: This would trigger a one-time takeover offer, per German securities law.

Two U.S. companies — Realta Fusion and X-energy — on Monday announced separate agreements with Japanese counterparts on fusion and nuclear energy.

Why it matters: The agreements show the eagerness to take advantage of Japan's technical expertise while expanding supply chain connections between the countries — a priority for the Trump administration.

The war in Iran has sent oil prices skyrocketing, scrambling an economic conflict with Russia that's been raging for more than a decade.

The big picture: It's harder to maintain tight sanctions on Russia —effectively a "cold war" — while also grappling with the economic impact from the "hot war" with Iran.

The women behind "Sinners" and "KPop Demon Hunters" led a night of history-making at the 98th Academy Awards.

Why it matters: "A lot of little girls that look like me will sleep well tonight ... being on stage, getting this award will change so many girls' lives because they'll be inspired," Autumn Durald Arkapaw told reporters after winning the Best Cinematography Oscar for "Sinners."

President Trump is working to assemble a coalition of countries to reopen the Strait of Hormuz and hopes to announce it later this week, four sources tell Axios.

• Trump is also weighing a seizure of Iran's critical oil depot on Kharg Island — a move that would require U.S. boots on the ground — if tankers remain bottled up in the Persian Gulf, U.S. officials say.

Why it matters: Oil and gas prices are rising as Iran's blockade of the Gulf's narrow strait drags on, choking off a significant share of the world's crude supply.

FCC Chair Brendan Carr threatened to revoke broadcasters' licenses over Iran war coverage, a day after Defense Secretary Pete Hegseth singled out CNN and rooted for a friendlier owner.

The big picture: President Trump has taken credit for "reshaping" the American media landscape via intimidation, regulatory leverage and policy pressure that's cast a shadow over newsroom autonomy.