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The Latest Breaking News from the Commerce Department

Lutnick urges boost for trade enforcement at BIS

The Commerce Department says it needs additional funds in fiscal 2027 to enforce export controls and prevent the diversion of semiconductors to China and other foreign adversaries. Testifying Thursday before the House Commerce-Justice-Science Appropriations Subcommittee, Commerce Secretary Howard Lutnick said investment in new law enforcement agents at the Bureau of…

Roll Call

Trump considers a taxpayer takeover of Spirit Airlines and would aim to resell carrier after oil prices drop

‘I think we just buy it,’ Trump told reporters in the Oval Office on Thursday

The Independent UK

Scoop: Top U.S. cyber agency doesn't have access to Anthropic's powerful hacking model

CISA is not on the list of more than 40 organizations with access to Anthropic's Mythos Preview.

Axios

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US economy grew a sluggish 0.5% in fourth quarter, government says, downgrading previous estimate

The American economy, slowed by last fall’s 43-day government shutdown, grew at a sluggish 0.5% annual pace from October through December, the Commerce Department reported Thursday in downgrade of its previous estimate

The Independent UK

Anthropic withholds Mythos Preview model because its hacking is too powerful

This is the one of the first times an AI company has held back a model over societal risks.

Axios

US gov't revokes controversial AI hardware export rule that would mandate investments from foreign companies — new export rules are still in the works, though

U.S. Department of Commerce withdraws draft export rule for AI accelerators that would give the U.S. government ultimate power over export controls and mandate investments of foreign firms in the U.S. AI sector.

Tom’s Hardware

US economy expanded at sluggish 0.7% in fourth quarter, government says, downgrading first estimate

The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at a sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate

The Independent UK

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Nvidia and AMD chips could be subject to U.S. approvals for foreign sales

Such a requirement would add a layer of bureaucracy to foreign sales of chips from U.S. chipmakers.

Axios

US economy grows at 1.4% rate in fourth quarter, a dramatic slowdown

A downturn in government and consumer spending contributed to the slowdown in fourth-quarter growth

The Independent UK

Immigrant rights groups seek to dismiss a Republican lawsuit to exclude noncitizens from US census

Immigrant rights groups are seeking to toss out a Republican lawsuit that would prohibit the U.S. Census Bureau from counting people who are in the U.S. illegally during the 2030 census

The Independent UK

Republican lawmaker demands Howard Lutnick resign from Trump’s cabinet over Epstein ties

The recent alleged revelations in the Epstein files contradict previous claims that Lutnick cut ties with the disgraced financier a long time ago

The Independent UK

A $3 Billion Reason to Buy This Rare Earths Stock

USA Rare Earth is a critical metals mining company forecast to expand at a rapid pace, driven by U.S. government investments.

Barchart

Trump administration cuts number of sites for testing the 2030 census, focusing on the South

The Trump administration is eliminating four out of six planned locations for a 2030 census practice test

The Independent UK

Trump signs executive order to curtail state AI laws

This move contrasts with calls from members of Congress who have advocated for greater oversight of the powerful technology

The Independent UK

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The Independent UK

Aficionados fret as Trump moves to make pasta great again

The U.S. Commerce Department has launched an antidumping review targeting Italian pasta, claiming it’s sold below market prices

Reason

Tariffs Near 107 Percent Threaten to Pull Italian Pasta Brands From American Shelves

The Commerce Department’s new antidumping duties could double the cost of imported Italian pasta—hurting consumers more than producers.

The Independent UK

Trump tariffs on pasta could soon top 100 percent: ‘Double the price’

‘I believe this is totally inappropriate, because Italy and America are brothers. It is an excuse not to let Italian products in,’ says one pasta maker

Benzinga

Quantum Stocks Are Trading Higher Monday: What's Going On?

Quantum stocks are trading higher Monday following recent reports indicating the Trump administration is in talks to take equity stakes in quantum-computing firms.

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The Conversation

Why higher tariffs on Canadian lumber may not be enough to stimulate long-term investments in US forestry

Lumber, especially softwood lumber like pine and spruce, is critical to U.S. home construction. Its availability and price directly affect housing costs and broader economic activity in the building sector. The U.S. imports about 40% of the softwood lumber the nation uses each year, more than 80% of that from…

Reason

Trump's 100 Percent Chip Tariff Could Make It More Expensive To Build More Semiconductors in the U.S.

Trump exempted imported chips from his reciprocal tariffs in April. Now he's threatening them with 100 percent rates.

The Independent UK

Experts independently resurrect Census Bureau advisory committee axed by Trump administration

A U.S. Census Bureau advisory committee disbanded by the Trump administration has reconstituted itself

Tom’s Hardware

Trump warns that he will soon announce ‘fairly substantial’ chip tariffs — chip companies investing in the US will be spared the brunt of the tariffs

The president said that his administration will 'very shortly' impose a 'fairly substantial' tariff on imported semiconductors from companies that are not making chips in the United States.

The Independent UK

Dumbbells, bulldozers and flatware: Some US companies are begging Trump to add their products to his tariff lists

Companies that manufacture American-made goods see opportunity in new taxes on competitors’ imports

Benzinga

Cynthia Lummis Says Publishing US GDP Data On Blockchain Is A 'Historic Move' — Thanks Trump, Lutnick For Leadership

Cryptocurrency supporters hailed on Thursday the U.S. government's move to post GDP numbers on several blockchain platforms.

Euronews

Boost for Trump as US growth revised higher in Q2

The US economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump's trade wars.

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