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X @Bloomberg
Bloomberg· 2025-07-17 23:21
Regulatory Changes - The Trump administration is allowing coal-fired power plants and other facilities to bypass environmental regulations [1] - The waivers are justified on the grounds of national security [1]
Commerce Sec. Lutnick on tariffs on goods needed to build U.S. infrastructure
CNBC Television· 2025-07-15 20:45
Industry Concerns Regarding Tariffs - Potential tariffs on steel, aluminum, and copper could hinder investments in AI infrastructure due to increased costs [1] - The imposition of tariffs aims to level the playing field, encouraging domestic steel production [4] National Security and Domestic Production - Domestic steel production is crucial for national security, enabling the construction of ships and missiles [3][4] - The ability to mine raw materials like iron ore and copper domestically is essential [5] Trade Practices and Government Subsidies - Concerns exist about foreign countries, such as China, Japan, and Korea, subsidizing their steel industries, leading to the dumping of steel and harming domestic companies [3] - Tariffs are proposed to counteract government subsidies provided to foreign steel companies [4]
Gov. Josh Shapiro: AI is one of the most critical security issues of our time
CNBC Television· 2025-07-15 17:48
Energy & AI Development - Pennsylvania aims to be the dominant state and country in AI, viewing it as a critical national security issue [4][5] - Pennsylvania's energy resources and workforce ingenuity are key to winning the AI race against competitors like China [6] - The state emphasizes the need for an "all of the above" energy strategy, incorporating various sources to meet growing energy demands [7] Collaboration & Economic Opportunity - Pennsylvania advocates for nonpartisan collaboration on energy and AI, bridging ideological and political gaps [2][3] - The state prioritizes creating jobs and economic opportunity through collaboration between the public and private sectors, Democrats and Republicans [3][4] - Pennsylvania highlights its historical role in powering the nation through steel mills and coal mining, aiming to lead the AI revolution [8][9]
LIVE: Mike Waltz to face grilling over Signal chat at Senate hearing for UN post
NBC News· 2025-07-15 12:53
Watch live coverage as President Donald Trump's former national security adviser, Mike Waltz, appears before the Senate Foreign Relations Committee for a hearing on his nomination to be ambassador to the United Nations. Waltz is expected to face questions about his removal as national security adviser after he inadvertently added a journalist to a high-level Signal app discussion about military strikes in Yemen. For more context and news coverage of the most important stories of our day, click here: https:/ ...
X @Anthropic
Anthropic· 2025-07-14 19:56
Financial Highlights - The company secured a \$200 million ceiling contract with the U.S Department of Defense [1] Strategic Focus - The company aims to enhance U.S national security through prototyping and collaboration [1] - The company will focus on responsible AI deployment [1]
‘Least experienced cabinet’ U.S. has ever seen: Rep. Vindman slams the brightest of Trump’s Admin
MSNBC· 2025-07-13 16:32
With what was a very chaotic week for President Trump's cabinet officials, who Trump continues to say are doing great jobs despite all the havoc. There's Attorney General Pam Bondi, who some conservatives are demanding be fired over the DOJ's handling of the Jeffrey Epstein files after plans to release an alleged client list were dropped. But Trump is now attempting to quiet that disscent, posting in all caps, "Let Pam Bondi do her job. She's great. " And it's not just Bondi. Now, some within the party are ...
'Devastating' to foreign policy: Forced-out U.S. diplomat on State Dept. cuts
NBC News· 2025-07-12 18:30
Public Service Value - Public service programs bring thousands of visitors to the United States, boosting local economies through their spending [1] - These programs facilitate skills sharing and the adoption of American best practices in foreign countries [1] - Exchange programs foster positive perceptions of the United States among foreign students, enhancing the country's image abroad [2] Impact of Program Cuts - Cutting public service programs is detrimental to foreign policy and national interests [2]
X @Bloomberg
Bloomberg· 2025-07-12 05:34
Luxury policies are out. The rebuilding of resilience is in. After all, without the rebuilding of national security, there may eventually be no welfare state https://t.co/SJj6DBbSzW ...
How Fake Job Seekers Are Stealing Remote Jobs
CNBC· 2025-07-11 16:00
Key Findings - Deepfake technology is enabling fake job candidates to infiltrate the hiring process, posing a significant threat to organizations [3][4] - Gartner predicts that by 2028, 25% (1 in 4) of job candidates worldwide will be fake [3] - Vidoc Security Lab found that 16.8% (approximately 1 in 6) of job applicants are fake [6] - Resume Genius survey indicates that approximately 17% of U S hiring managers have encountered deepfake technology during video interviews [10] Impact and Risks - Deepfake scams have already cost companies millions of dollars worldwide, and the threat is growing [12] - AI-generated fraud, including deepfakes, could cost the U S financial sector up to $40 billion by 2027, up from $12 3 billion in 2023 [12] - Fake candidates can gain access to sensitive data, steal data, write malicious code, and leave the door open for other types of fraud [11][12] - Hiring fake candidates from sanctioned nations poses a national security concern, as salaries can fund illicit activities [20] Contributing Factors - The rise of remote working, accelerated by the pandemic, has contributed to the increase in deepfake job seekers [7][8] - Virtual interviews, while offering convenience and cost savings, have opened the door to new risks [9][10] Countermeasures and Concerns - Companies may need to adjust their hiring processes, potentially switching to offline interviews to combat the rise of fake candidates [22] - Concerns exist that the focus on avoiding fake candidates could lead to biases in hiring, favoring local candidates and in-person interviews [23] - The increased scrutiny and longer hiring processes may negatively impact genuine candidates [23][24]
MP Materials CEO on deal with the Defense Department
CNBC Television· 2025-07-10 16:27
Deal Overview - MP Materials announces a major deal with the Department of Defense (DoD) to fund the expansion of its magnets facility, targeting a 10x increase in capacity [1] - The DoD will become MP Materials' largest shareholder after investing $400 million in newly created preferred equity [1] - The deal includes convertible preferred equity, warrants, loans, price floor, and offtake commitments extending more than a decade [2] Strategic Rationale - The partnership aims to establish a full rare earth supply chain in the US, addressing national security concerns and reducing reliance on Chinese rare earth production [5][6] - The deal is structured to ensure a fair return on capital, enabling accelerated investment in downstream magnet production [13] - The price floor is necessary because Chinese entities set prices below levels that allow for adequate returns on capital in the free market [4][12] Economic Impact - The US taxpayer will participate in the upside of both the commodity and magnet economics, indicating a potential return on investment [6][11] - The deal is expected to accelerate the development of the entire supply chain, benefiting MP Materials shareholders, the US government, and commercial industry [5] - Rare earth magnets are essential for physical AI, including robotics, and securing the supply chain is crucial to maintaining trillions of dollars in potential economic value [14][15] Geopolitical Context - The deal is a response to Chinese mercantilism, which poses a challenge to US strategic supply chains [9][10] - The Trump administration and the Pentagon are credited with recognizing the challenge and implementing a solution to onshore the supply chain [3][10]