Axios

The U.S. government will levy a 15% fee on some of Nvidia's and AMD's chip sales to China as a condition of granting them export licenses to sell in the country, a Trump administration official confirmed to Axios.

Why it matters: While export controls for sensitive products are nothing new, charging a company 15% of its revenue to sell a particular product to a particular country is unprecedented.

David Sacks — famed tech founder & investor, co-host of the "All-In Podcast" ("The Rainman") and now White House special adviser for AI & crypto — declared Saturday on X that "Doomer narratives were wrong" about AI.

Why it matters: The big takeaway from Sacks' post is that the fear of one AI frontier model dominating all now looks far-fetched, since high-performing competing models are diffusing power.

"The AI race is highly dynamic so this could change," Sacks wrote. "But right now the current situation is Goldilocks":

Vice President JD Vance's hours-long meetings on Saturday in the U.K. produced "significant progress" toward President Trump's goal of ending the war in Ukraine, a U.S. official told Axios.

Why it matters: Ahead of Vance's meetings with Ukrainian and European senior officials, several NATO and Ukraine allies expressed private concerns that Trump might agree to Russian President Vladimir Putin's proposals for ending the war without taking their positions into consideration.

A public art and climate change action dubbed "The Herds" led life-size puppet animals on a more than 12,400-mile trek from the Congo Basin to the Arctic Circle.

Why it matters: The effort symbolized animals' retreat from climate disaster.

The 60th anniversary of a shocking uprising in Los Angeles, which foretold similar unrest in cities throughout the 1960s and 1970s, is being marked with calls to revisit solutions to poverty outlined in a famous report.

The big picture: Activists and scholars have unveiled an updated edition of the 1968 Kerner Report that recommends a slew of initiatives to combat inequality, racial injustice and child poverty — issues stubbornly still here.

President Trump is abandoning — or actively undermining — core pillars of U.S. strategy toward China in pursuit of a legacy-defining trade deal with Xi Jinping.

Why it matters: With tax cuts extended, tariff rates set and billions of dollars of investment flowing into the U.S., Trump is now fixated on the largest remaining puzzle piece in his economic agenda.