Asian stocks slump on tech rout

South Korea’s benchmark index triggered an automatic suspension of trading, before closing down 5.8%.
The Korea Composite Stock Price Index.
Kim Hong-Ji/Reuters

White House limits OpenAI model release

The move to restrict access represents Washington’s latest AI intervention.
 Sam Altman and Trump.
Evelyn Hockstein/Reuters

Qualcomm plans new chip architecture for phones

The company is in discussions with manufacturers of smartphones, personal computers, and cars about an aspect of its new data center chip technology.
Qualcomm CEO Cristiano Amon. Lexi Critchett/Getty Images for Semafor.

Democrats push Trump to coordinate with WHO on Ebola

A new bill would direct the president to rejoin the organization within 30 days.
WHO Director-General Tedros Adhanom Ghebreyesus meets health officials in Democratic Republic of Congo.
Stringer/Reuters
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Politics

Threats to US payment rails help trigger Bessent’s AI worries

Advanced models have heightened banks’ fears of an outage that would hamstring their ability to send money.
Treasury Secretary Scott Bessent
Evelyn Hockstein/Reuters

Only Trump can end his own blockade

The US president is preventing the reauthorization of a key surveillance law, and refusing to sign a bipartisan housing bill.
Donald Trump in the Oval Office
Kylie Cooper/Reuters

Debatable: Trump’s DC renovations

The president’s projects, from the Reflecting Pool to city fountains, are divisive.
Visitors walk along the Lincoln Memorial Reflecting Pool
Tom Brenner/Reuters

Venezuela’s deadly earthquakes test US aid effort

President Donald Trump said the US was “ready, willing, and able to help.”

Democrats push Trump to coordinate with WHO on Ebola

A new bill would direct the president to rejoin the organization within 30 days.

Window shrinks for Congress crypto deal

“This thing’s going to have to come together fairly quickly,” Senate Majority Leader John Thune told Semafor.

Raimondo launches AI project with backing of tech giants

The former Biden official is joining with a GOP former governor to help transition America’s workforce.

Iran war funding request struggles on Capitol Hill

Still, Republican leaders think that there could be enough Democratic items in the budget request to persuade Democrats to support it.

Trump charms Senate Republicans hours after Iran blowup

Hours after the president castigated Sen. Bill Cassidy, R-La., Cassidy voted to help defeat a war powers measure.

Trump blames ‘Big Oil’ for gas prices

US retail gas prices have stayed north of $3.90 despite Brent crude prices falling.

Trump and Senate Republicans hit a new low

The president canceled the signing of one of his own priority bills before privately castigating his own party.
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