Trump Claims the US Has ‘Total Control’ Over the Strait of Hormuz and May ‘Keep It’

Largest US Power Grid On Verge Of Cracking Due To Historic Heat Dome Summary: PJM Grid Mix Now Dominated By NatGas, Nuclear, Coal Washington, DC Temps Expected To Push Into Low Triple Digits PJM Warns Power Demand Could Test 2006 Record High PJM Declares Emergency To Reduce Blackout Risk PJM Grid May Test 2006 Record  Cooling demand across PJM Interconnection's operating area will surge today and into late week as tens of millions of households and businesses crank up air conditioners to stay cool under the emerging heat dome. The spike in power demand is...

UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks U.S. defense stocks showed signs of stabilizing in April after tumbling since Operation Epic Fury began in late February and sustaining a Mach bloodbath. The improvement followed Friday's White House proposal to lift military spending sharply, to roughly $1.5 trillion in 2027.  UBS analyst Allyson Gordon said Monday morning that the White House budget request "should help sentiment," which has deteriorated since the U.S.-Iran conflict began. Last week, Gordon asked, "Why is U.S. defense performance lackluster?" Earlier, the analyst said: Defense...

Trump AI Executive Order To Seek Early Access To Advanced Models After Anthropic's 'Mythos' model sent shockwaves through the cybersecurity world due to its ability to find and exploit software vulnerabilities at breakneck speed, the Trump administration is reportedly on the cusp of issuing a much-discussed executive order that would encourage AI companies to provide information on their advanced models to the government before public release.  Anthropic's Dario Amodei According to Axios, the order - which could come as soon as this week - will outline plans for a voluntary framework - meaning companies...