White House bets big on rare earths

The U.S government is expanding its role as an equity investor in the rare earth and critical minerals sector by taking direct stakes in domestic and allied companies. The reason is simple: since the start of his term, President Donald Trump has shown a strong interest in strengthening domestic supply chains and reducing the country’s … Read more

Luxury automaker takes major hit

Automakers are revealing their preliminary quarterly results this week, and the early returns aren’t great for Mercedes-Benz Group AG. Due to domestic issues in both countries, the German luxury automaker is facing several headwinds this year in China and the U.S., two of its most robust markets.  Mercedes-Benz best-selling models (U.S. 2024) Mercedes-Benz GLE SUV … Read more

California AI law removes 'kill switch,' enacts guardrails

California Governor Gavin Newsom signed into law Senate Bill 53 (SB53), the Transparency in Frontier Artificial Intelligence Act, on September 29.  The bill, authored by Senator Scott Wiener (D-Calif.) and supported by Newsom (D-Calif.), aims to improve online safety by installing guardrails on the development of frontier artificial intelligence models. “California has proven that we … Read more