GOP Shapes Agenda Amid Miami Strategy Conference
Senate moves ahead with Trump nominees as House Republicans gather at Trump National Doral in Miami for their annual issues conference. VP nominee discussions loom while battles over a filibuster proof budget package and immigration tax agendas steer talks.
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Trump moves to pull US from Paris Agreement and expand energy use
In his first week, President Trump signs executive orders to withdraw from the Paris climate pact and declare a national energy emergency to accelerate oil and gas production. He also seeks faster energy permitting and limits on Endangered Species Act protections, raising concerns about environmental and health impacts.
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DeepSeek upends AI stock rally as Chinese model rivals US giants
Global markets wobbled as DeepSeek unveiled a large language model seen as cheaper to run, sending the S&P 500 down 1.5 percent and Nvidia tumbling 16.9 percent while the Nasdaq fell 3.1 percent. Major tech names led losses, bonds rose, and ASML and SoftBank also dropped amid questions about chip access and AI spending. Constellation Energy fell over 20 percent after plans to power data centers with Three Mile Island output. Nvidia had surged previously from under $20 to over $140 in two years.
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Fed expected to hold rates steady amid Trump pressure
The Federal Reserve likely will keep its key rate unchanged at the policy meeting, with Powell leading officials who have cut rates three times to about 4.3 percent from 5.3 percent. Despite easing inflation progress, the pace of cuts may slow further as Trump signals ongoing public scrutiny of policy.
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