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House Democratic subcommittee report outlines web of alleged corruption, wire fraud and pay-to-play schemesDonald Trump staged a hostile takeover of the US’s 250th anniversary celebration to enrich political allies, harvest voter data and promote Christian nationalist ideology, according to a congressional investigation released on Thursday.The interim report, “From Vanity to Insanity: How the White House Cheated the American People Out of Their 250th Birthday”, outlines a web of alleged corruption, wire fraud and pay-to-play schemes orchestrated through a shadow corporation embedded within the National Park Foundation (NPF). Continue reading...
Boeing Co. reduced some of the technical challenges dogging its delayed delivery of two jets that will serve as Air Force One, according to congressional auditors.
President Trump is redefining what it means to be a U.S. ally in the AI era.Why it matters: For the White House, it's now about how partners can help the U.S. win the AI race.For decades, shared values and security interests have underpinned alliances with Europe and other partners around the world. Under Trump, that's no longer enough.As AI becomes central to economic and military power, frontier AI models, chips and infrastructure are turning into new instruments of American influence.Driving the news: The Trump administration is blocking allies from accessing the world's most powerful models, playing it close to the vest and criticizing Europe for not having its own robust AI industry.With export controls on Fable and Mythos lifted on Tuesday, Anthropic and the Trump administration are continuing Project Glasswing efforts, which the company previously said would give access to Mythos to 150 more organizations across more than 15 countries.Fable is also back.Commerce retains the power to pull back access when it deems appropriate. "The problem we have is that we are leading everybody by a lot," Trump said in a recent interview with "The Axios Show." "Europe has to be very careful. They're losing their way entrepreneurially."Trump pointed to the U.K. not tapping into energy sources in the North Sea because of environmental concerns: "It's crazy." Between the lines: The Trump administration's AI restrictions are part of a broader transactional approach to alliances.Catch up quick: Vice President JD Vance's speech last year at the Paris AI Summit set the stage for a confrontational relationship with the European Union.The U.S. was quick to rebuke the EU's focus on safety over innovation with Trump entering his second term laser-focused on deregulation. But the president now finds himself behind an ad hoc licensing regime that's creating its own regulatory uncertainty, both domestically and abroad.OpenAI's GPT-5.6 was forced into a staggered rollout last month due to government concerns.What they're saying: European Commission spokesperson Thomas Regnier on Wednesday said the bloc is looking forward to "intensifying" discussions with Anthropic to gain access to Mythos through Project Glasswing and that, in the meantime, it has access to GPT-5.5-Cyber.The EU has a delegation in the U.S. to determine the scope of a future tech dialogue, the frequency of meetings and the level at which they'll be held.The dialogue is expected to include frontier AI models, chip supply chains and cybersecurity."But we have one clear line," Regnier said, "which is that our sovereign legislation is not up for negotiation."Omran Sharaf, the United Arab Emirates' assistant foreign minister for advanced science and technology, told Axios "it's very important that trusted partners and strategic partners are included in the process."That way it is "synchronized and we're applying similar standards in controlling such technologies, rather than having something that gets imposed."The big picture: AI is changing what the White House wants in its alliances.Just last week, the EU and several European governments signed onto Pax Silica, the U.S.-led effort to secure AI supply chains and critical minerals, even as the White House restricts their access to frontier AI models.For the U.S., Europe is all of the above: a restraint, an indispensable partner and a competitor.The administration is simultaneously rejecting Europe's AI rules, inking deals with the region to secure supply chains and blocking access to cutting-edge technology.The bottom line: With the most advanced AI, allies will have to adjust to being considered trusted U.S. partners only in some cases."The conclusion that governments are coming to is: We'll be part of Pax Silica, yes. We'll work with the U.S. ecosystem where we can. We'll build around what we can't," A.J. Bhadelia, Cohere's head of global government affairs and external affairs, told Axios.
The Trump Organization demands The New York Times retract a story allegedly linking Donald Trump Jr. and Eric Trump to a Kazakhstan tungsten deal.
President Trump bought hundreds of stocks the day before he paused tariffs and caused the stock market to rally. Trump filed his latest financial disclosure on Monday, and it shows that he made 327 individual stock purchases worth as much as $12.8 million on April 8, 2025, from companies including Apple, Microsoft, Nvidia, Amazon, and Alphabet (Google’s parent company), according to an analysis from investigative outlet Sludge. The next day, Trump announced that he was pausing his sweeping tariffs for 90 days, and the S&P 500 went up by nearly 10 percent, one of its largest one-day increases ever.The timing of these trades suggests he planned to cash in, realizing that markets would rally after his announcement. Those weren’t the only suspicious stock trades he made last year, either. On August 18, Trump’s accounts bought between $250,000 and $500,000 of stock in chipmaker Intel, four days before the president announced that the federal government would take a nearly $9 billion equity stake in the company. Intel’s stock price went up 6 percent after that announcement.Trump also bought stock in defense contractor Palantir Technologies throughout the year, publicly praising the company while increasing its federal contracts, particularly those with Immigration and Customs Enforcement. One of his top advisers, White House deputy chief of staff and anti-immigration hawk Stephen Miller, also owns between $100,001 and $250,000 of Palantir stock. This year, Trump singled out Palantir on Truth Social in April and sent its stock price soaring.By law, Trump and other executive branch officials are supposed to publicly disclose securities transfers, including stock purchases, over $1,000 within 45 days. Not only did Trump wait more than a year to disclose the April stock purchases, he didn’t disclose any other of the thousands of stock trades he made in 2025.In all, Trump reported $2.2 billion in income in 2025, from crypto, stock trades, foreign real estate, suing news organizations, and other grifts. His administration is openly engaging in market manipulation and insider trading without any fear of consequences.
