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The Latest Breaking News from Administration

U.S. gov't will take a 9.9% ownership stake in Intel — Trump administration won't get a board seat and is set to serve as passive investor (Update)

The US government and Intel have come to a deal to give the US a 9.9% stake in the chipmaker's business.

Tom’s Hardware

Who is John Bolton and What Did He Do? FBI Raids Maryland Home of Ex-National Security Advisor

The FBI raided John Bolton's Maryland home and Washington office as part of a national security investigation into classified records. The former Trump national security advisor, who has criticized the President since his 2019 firing, now faces renewed scrutiny.

International Business Times UK

Trump says quiet part out loud on CBS’s new owner: ‘Great man’ who will ‘do the right thing’

‘CBS was just sold to a great person that I know very well,’ Donald Trump declared on Friday.

The Independent UK

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Judge rules Trump lawyer Alina Habba is unlawfully serving as US attorney

The Trump administration has ignored a July decision from a panel of judges replacing Habba as interim US attorney.

Al Jazeera

House Democrats launch investigation into Paramount merger and ‘bribe’ to Trump

‘Two wrongs do not make a right—illegitimate demands from the FCC or the Administration do not absolve your company from wrongdoing,’ two top House Democrats wrote to Paramount chief David Ellison.

The Independent UK

Stock Market Today: Nasdaq 100 Futures Slip— Palo Alto, XP, Allarity Earnings In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs were updated in the story

Benzinga

Larry Summers Warns Scott Bessent: 'Unless We See A Recession,' You Shouldn't Be Prescribing A 175 Basis Point Cut In Interest Rates

Former Treasury Secretary Lawrence Summers criticized the current U.S. Treasury Secretary Scott Bessent for weighing too directly on the direction of interest rates, something he believes could blur the lines between fiscal and monetary polices.

Benzinga

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Democrats seek legislative end to Trump’s DC police takeover

Rep. Jamie Raskin introduced a joint resolution that would terminate emergency federal control of the Metropolitan Police Department.

Roll Call

Court limits funding lawsuits to GAO - Roll Call

Decision undoes a lower court ruling requiring the Trump administration to start spending funds for USAID and other foreign assistance funds.

Roll Call

D.C. Circuit Orders Trump Administration to Restore Public Database of Federal Expenditures

Judge Henderson writes a forceful opinion rejecting the Trump Administration's attempt to extend executive authority over federal spending.

Reason

Divided D.C. Circuit Panel Nixes Judge Boasberg's Criminal Contempt Order Against Trump Administration

Judge Katsas and Judge Rao disagreed on the reasons, but both agreed that Judge Boasberg overstepped; Judge Pillard dissented.

Reason

Former Intel board members: America's champion is likely to retreat, and we still need a leading-edge chip manufacturer

Quitters never win, and winners never quit.

Fortune

White House denies Stephen Miller’s alleged ‘arrest targets’ for ICE agents exist

A court filling last week stated that ‘no such goal has been set as a matter of policy, and no such directive has been issued to or by DHS or ICE’

The Independent UK

An Update On The Leak From The Judicial Conference

And DOJ files a misconduct complaint against Judge Boasberg.

Reason

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Latin Times

Marco Rubio Mocked For 'Lecturing' Hong Kong About Arresting Activists: 'Start Fixing Your Own Backyard'

The Trump official faced backlash for condemning Hong Kong while his administration continues arresting numerous activists.

The Independent UK

Judge issues temporary injunction against Trump administration cancellation of humanities grants

A district court judge in New York has issued a preliminary injunction stopping the mass cancellation of National Endowment for the Humanities grants to members of the Authors Guild on the grounds that their First Amendment rights were violated

The Independent UK

Trump promised to back Detroit automakers - his deal with Japan has them shaking in their boots

A group representing the ‘big three’ US automakers raised concerns that the US-Japan trade deal could hurt US auto workers

The Guardian - US

Climate advocates outraged at Trump administration plans to fast-track AI sector

Scheme rolled out Wednesday reveals intent to dismantle some environmental and land-use regulations

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The Independent UK

Judge rejects Trump administration effort to unseal Epstein grand jury records in Florida

A judge has rejected a Trump administration request to unseal transcripts from grand jury investigations of Jeffrey Epstein years ago in Florida

Barchart

Tariff Deals Spark Unusual Options Trading in Carrier Global Corp Stock

Carrier Global Corp stock is up on news that the Trump Administration has made several Asian trade and tariff deals. That has sparked unusual out-of-the-money CARR put options trading, signaling investor interest in the stock.

Latin Times

Gavin Newsom: Alcatraz Will Reopen the 'Same Day' the Epstein Files Are Released

California Governor Gavin Newsom is not holding his breath for the Trump administration to follow through on reopening Alcatraz Island as a federal prison.

Benzinga

Trump Admin Grants ICE Access To 79 Million Medicaid Records — California AG Rob Bonta Calls It 'Unprecedented' Privacy Breach

The Trump administration will give Immigration and Customs Enforcement access to the personal data of nearly 79 million Medicaid enrollees, a trove that includes names, addresses, birth dates, race and ethnicity, and Social Security numbers, according to an agreement obtained by The Associated Press.

Benzinga

'Elon Musk Promised Us Trillions In Cuts. Now, We Are Down To $9 Billion,' Says Fox News Host

Fox News host Jessica Tarlov is calling out the shrinking scope of the spending cut package backed by President Donald Trump, taking aim at tech billionaire Elon Musk for making unrealistic promises while leading the Department of Government Efficiency.

International Business Times UK

Nvidia Shares Jump After Reversal of Ban to Export H20 AI Chips to China, Which Cost the Company $10B

Nvidia shares gained 4.3% during early Tuesday trading after the company said the Trump Administration is set to lift its ban on the export of H20 AI chips to China.

Reason

Senate Confirms First Judicial Nominee of Trump's Second Term. How Many More Will Follow?

Indications are that the second Trump Administration will not have as significant an effect on the Courts as the first.

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