GOP axes shape agenda with Trump Doral retreat address
The Senate advances Trump nominees while House Republicans converge at Trump National Doral Miami for a strategic conference. Key talks target a filibuster proof budget plan, immigration and tax policy, with VP Mike Pence not present and JD Vance headlining the retreat. The Senate schedules votes on Scott Bessent for Treasury and Sean Duffy to lead DOT, amid ongoing hearings for Kennedy Jr. to head HHS.
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Trump Pursues Climate Policy Rollback In Early Week
In his first week, President Donald Trump moves to withdraw the United States from the Paris climate agreement and declares a national energy emergency to accelerate oil and gas production. He pushes faster permitting, and signals Sun protection for energy development by limiting Endangered Species Act protections, aiming to lower prices but drawing expert concern over climate impact and species risk.
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DeepSeek upends AI rally as Chinese rival hits Wall Street
A Chinese entrant DeepSeek unveiled a large language model that may cut AI costs and challenge U.S. giants, sparking a global selloff in AI related stocks. Nvidia plunged 16.9 percent while the S&P 500 fell 1.5 percent and the Nasdaq shed 3.1 percent, as investors weighed chip restrictions and broader economic risks.
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Fed expected to hold rates amid Trump pressure
The Federal Reserve is poised to keep the key rate unchanged at its policy meeting. Chair Jerome Powell leads officials who have cut rates three times but aim to slow further reductions this year despite President Trump’s insistence on lower costs. Powell’s term runs to May 2026 with Biden reappointing him to guard independence.
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