Author: potus

(The Center Square) – Illinois lawmakers are pushing House Resolution 68, urging warehouse owners to install rooftop solar panels and use clean energy incentives. Critics argue the panels can pose fire and structural risks, making large-scale adoption unsafe without stricter oversight.In 2023, solar panel fires occurred at Olympia High School in Stanford, Illinois, at a Farmington solar farm and at Augustana College. In an unrelated news conference about energy policy, state Rep. Brad Halbrook, R-Shelbyville, said energy policy shouldn’t be driven by ideology and climate hysteria instead of facts and fundamentals.“Spain embraced extreme climate policies and shut down base load generation…

(The Center Square) – It was a busy week on the Pennsylvania House floor. With all eyes on major legislative priorities like voting reform and marijuana legalization, here are some of the successful bills you may have missed.The sweetest bill the House has seen has finally made its way to the Senate. Rep. Tom Mehaffie, R-Hershey, has made good on a promise to the Hershey Kiss Committee to enshrine the silver symbol as the state’s official candy.HealthcareRep. Gina Curry, D-Upper Darby saw a bill to eliminate out-of-pocket costs for diagnostic breast imaging through the House with a vote of 198-5.…

CoreWeave CEO Mike Intrator testifies before the Senate Committee on Commerce, Science and Transportation in Washington on May 8, 2025.Chip Somodevilla | Getty ImagesCoreWeave investors are having a big week.Shares of the artificial intelligence infrastructure provider rose 56% over the past five trading days, lifting the company’s market cap to over $37 billion. CoreWeave has more than doubled in value since its initial public offering in late March.The company got a big boost after reporting 420% revenue growth in its first earnings report as a public company on Wednesday. Guidance surpassed full-year expectations as well.A day later, CoreWeave revealed that…

Jack Hartung.Scott Mlyn | CNBCTesla has appointed longtime Chipotle executive Jack Hartung to its board of directors, effective June 1.As part of the board, Hartung will join Tesla’s audit committee, the electric vehicle company disclosed in a filing with the U.S. Securities and Exchange Commission on Friday.The addition comes as Tesla battles sinking EV sales and eroding profits, and concerns that CEO Elon Musk is focusing too much attention elsewhere, including in his role leading President Donald Trump’s so-called Department of Government Efficiency, or DOGE. The company’s stock price is down 14% this year.Musk began his company’s earnings call last month…

WASHINGTON (AP) — The Supreme Court on Friday barred the Trump administration from quickly resuming deportations of Venezuelans under an 18th-century wartime law enacted when the nation was just a few years old.Over two dissenting votes, the justices acted on an emergency appeal from lawyers for Venezuelan men who have been accused of being gang members, a designation that the administration says makes them eligible for rapid removal from the United States under the Alien Enemies Act of 1798.The court indefinitely extended the prohibition on deportations from a north Texas detention facility under the alien enemies law. The case will…

WASHINGTON (AP) — House Republicans surprised tech industry watchers and outraged state governments when they added a clause to Republicans’ signature “ big, beautiful ” tax bill that would ban states and localities from regulating artificial intelligence for a decade.The brief but consequential provision, tucked into the House Energy and Commerce Committee’s sweeping markup, would be a major boon to the AI industry, which has lobbied for uniform and light touch regulation as tech firms develop a technology they promise will transform society.However, while the clause would be far-reaching if enacted, it faces long odds in the U.S. Senate, where…

Mike Novogratz’ crypto firm Galaxy Digital started trading on the Nasdaq Friday under the ticker GLXY. The stock opened at $23.50 per share on the U.S. exchange.Galaxy Digital, which has been traded on the Toronto Stock Exchange since 2020, shifted its shares to the Nasdaq through a direct listing — a move that follows a grueling, multi-year battle with U.S. regulators.Novogratz told CNBC’s “Squawk Box” Friday that Galaxy’s value now hinges on two high-growth areas: crypto and artificial intelligence.”These are the two most exciting growth areas in markets, right. AI and the infrastructure needed for AI to exist and crypto…

WASHINGTON (AP) — President Donald Trump’s administration on Friday asked the Supreme Court to allow him to resume his downsizing of the federal workforce, while a lawsuit filed by labor unions and cities proceeds.The Justice Department is challenging an order issued last week by a federal judge in San Francisco that temporarily halted Trump’s efforts to shrink a federal government he calls bloated and expensive.U.S. District Judge Susan Illston’s temporary restraining order questioned whether Trump’s Republican administration was acting lawfully in trying to pare the federal workforce. Illston, an appointee of Democratic President Bill Clinton, directed numerous federal agencies to…

Founder and CEO at Nvidia Jensen Huang is interviewed by Chairman of the Milken Institute Michael Milken (not pictured) during the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 5, 2025. Mike Blake | ReutersNvidia said it won’t be sending graphics processing unit plans to China following a report that the artificial intelligence chipmaker is working on a research and development center in Shanghai in light of recent U.S. export curbs.”We are not sending any GPU designs to China to be modified to comply with export controls,” a spokesperson said in a statement to CNBC.The Financial Times…

TORONTO — Mike Novogratz said he spent nearly four years and more than $25 million trying to take crypto firm Galaxy Digital public in the United States.”It felt un-American, unfair, infuriating,” Novogratz said.Novogratz told CNBC that a process that should take 45 to 90 days stretched out to 1,320 days. He said it took nine rounds of comments with the Securities and Exchange Commission.”One of the things that people didn’t understand about the crypto tax is that you needed to be very well capitalized — and a pretty big, strong company — just to stay in the game,” he said.The…