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X @The Block
The Block· 2025-08-06 07:41
National Security Concerns - China warns that iris data collection for cryptocurrency projects like Worldcoin poses a national security threat [1] Cryptocurrency Regulation - The warning highlights increasing scrutiny and potential regulatory challenges for cryptocurrency projects involving biometric data collection in China [1]
The Chinese negotiating hand is quite firm right now, says China Beige Book CEO Leland Miller
CNBC Television· 2025-07-31 11:38
China's Economy & Trade Talks - China's economy is in relatively good shape, with July data showing improvement compared to June, although growth is not exceeding year-ago levels [1][2] - China has included export controls in trade negotiations, giving them significant leverage, particularly concerning rare earths and critical minerals [3][5] - The inclusion of export controls has created a situation of mutually assured destruction, giving China a choke point over the United States economy [6] Manufacturing Sector - Despite PMI data suggesting weakness, the manufacturing sector in China remains strong and continues to export [9][10] - While exports to the United States have contracted, there has been a surge in exports to Asia, indicating the manufacturing machine is still productive [10] - Manufacturing's strength is crucial as China currently lacks other significant growth drivers [11] Security Concerns & Chip Industry - China is raising potential security risks with chips, potentially as a response to concerns about Huawei [6] - There are concerns about the future ability to geographically track chips, leading to worries about transshipment and potential circumvention of regulations [7]
PMGC Holdings Inc. Terminates LOI to Focus on Acquiring High-Growth CNC Precision Manufacturing Companies Serving Aerospace, Defense, and Industrial Markets
Globenewswire· 2025-07-30 11:45
NEWPORT BEACH, Calif., July 30, 2025 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (Nasdaq: ELAB) (the "Company", "PMGC" or "we"), a diversified public holding company, today announced that it has terminated the previously announced non-binding letter of intent, dated June 9, 2025, to acquire a profitable U.S.-based electronics manufacturing company. Following a strategic review and direction from its Board of Directors, PMGC has elected to narrow its merger and acquisition (M&A) focus toward CNC machine shops ser ...
US Leverage in China Trade Talks
Bloomberg Technology· 2025-07-29 19:38
The context now is one of which US and China are setting themselves up for this race, whether it be in AI, whether it be in manufacturing, whether it be in energy, which is the most important outcome. Do you think, in terms of where we take trade going forward. The most important outcome is going to be American security, prosperity and leadership.And that's what all of these trade negotiations are about. They're a means to that end. China has built a massive manufacturing economy. The United States has buil ...
Nano Dimension Statement Regarding Desktop Metal Bankruptcy and Strategic Decision Not to Acquire Assets
Globenewswire· 2025-07-28 21:28
Core Viewpoint - Desktop Metal, a subsidiary of Nano Dimension, has filed for Chapter 11 bankruptcy protection due to significant liabilities and liquidity issues stemming from prior management decisions [1][2]. Company Summary - Nano Dimension is a leader in Digital Manufacturing solutions, focusing on advanced technologies for industries such as defense, aerospace, automotive, electronics, and medical devices [3]. - The company aims to leverage strong trends in onshoring, national security, and product customization to enhance its market position [3]. Strategic Actions - The decision to file for bankruptcy was made by Desktop Metal's independent Board of Directors after exploring strategic alternatives to address financial challenges [2]. - Nano Dimension's CEO emphasized the importance of maintaining financial strength to pursue strategic opportunities effectively [3].
Hegseth at odds with top generals: New York Times
MSNBC· 2025-07-28 21:00
Glad you're with us. The New York Times is out with reporting on an apparent standoff between Defense Secretary Pete Hgsth and his generals. A clash between quote Mr.. Hegath's highly partisan worldview in which he has written that the Democratic party really does hate America and the long-standing tradition of an apolitical military that pledges an oath to the Constitution. It's a rift inside the Department of Defense that according to the Times could shape the military's top ranks for years to come. Joini ...
U.S.-China trade talks are showing signs of détente, says MCC Global's Michelle Caruso-Cabrera
CNBC Television· 2025-07-28 18:46
US-China Trade Relations - The US faces a significant trade deficit with China, a problem that has persisted for decades [1] - National security concerns create tension regarding the extent of trade with China, specifically regarding the potential transfer of tools that could threaten US security [1] - Export controls, initially imposed by Biden and later strengthened by Trump, are a key point of contention between the US and China [1] - The US seeks to raise tariffs on Chinese products, potentially by 10-20% or more [1] - China's perspective on what constitutes a "win" in trade talks remains unclear, with the future of TikTok potentially being a factor [1] Chinese Economic Policies and Global Impact - China's economic structure is heavily geared towards production, leading to overcapacity in various industries [1] - Chinese government subsidies enable the production of very cheap EVs (under $25,000) for the EU market [1] - The EU is concerned about potential de-industrialization due to the influx of subsidized Chinese goods [1] - China's domestic consumption is relatively low, contributing to trade imbalances [1] Technology and National Security - The Committee on Foreign Investment in the United States (CFIUS) assesses whether foreign companies can invest in the US, with Nvidia chips being a recent example of scrutiny [1] - China passed a law preventing the export of TikTok's algorithm, posing hurdles to any potential sale of the platform [1] - China controls information flow within its borders, restricting access to platforms like Twitter and Google [1]
a16z GP, Martin Casado: Anthropic vs OpenAI & Why Open Source is a National Security Risk with China
There's only been one sin and that one sin is zero sum thinking. We always worry about like oh is this defensible? Oh will this layer get margin? Will this layer get value? And the answer has kind of been unilaterally yes. The answer has been every layer has gotten value. Every layer has winners. These markets are so large and they're growing so fast. We're actually seeing brand effects take place in this phase of model scaling. A lot of the approaches to scaling don't generalize. This gives a ton of room f ...
X @The Economist
The Economist· 2025-07-26 20:20
Though the primary purpose of America’s nuclear labs is never in doubt, the scientists are keen to point out that these facilities can do much more than national security work https://t.co/7PG6CB5U1F ...
Signalgate Continues: New report on Hegseth messages contradicts White House claims
MSNBC· 2025-07-24 21:20
It has been months since the Pentagon Inspector General began its investigation into that signal chat leak scandal and so far it is not good news for Defense Secretary Pete Hexathth. According to new reporting from the Washington Post, the Pentagon's independent watchdog has evidence that the signal messages from Secretary Hegsth in the group chat on attack plans contained information from a classified email with the label secret no foreign. secret, meaning that the information was classified at a level whi ...