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AI oversight
US to test Google, Microsoft and xAI models before release
Voluntary Commerce Department agreements give CAISI early access to frontier systems as Washington weighs security risks from more powerful AI
Strait of Hormuz
Hegseth says Iran ceasefire still holds after Strait exchange
The defense secretary said U.S. escorts for commercial ships are separate from the broader conflict, even after Iranian fire and a U.S. strike on small boats
Securities enforcement
Elon Musk to pay $1.5M to settle SEC suit over Twitter disclosures
The proposed settlement, which still needs a judge’s approval, resolves claims that Musk waited too long to disclose early Twitter stock purchases in 2022
Federal Reserve
Warsh’s Fed independence stance draws concern over balance sheet
The Fed chair nominee says rate policy should be independent, but former officials told CNBC his comments on Treasury coordination leave important powers unclear
Late-night fallout
Melania Trump adviser urges advertisers to drop Kimmel after ‘widow’ joke
Marc Beckman said ABC should fire Jimmy Kimmel after Melania and Donald Trump condemned a monologue joke the host says was about the couple’s age difference
U.S.-Iran talks
Trump says he is ‘not satisfied’ with Iran’s new peace proposal
Pakistani officials said Iran sent an updated offer as Washington faces a war powers deadline and the Strait of Hormuz standoff keeps raising global shipping costs