Author: potus

AP Mobile App CTA Get the AP News App WASHINGTON (AP) — President Donald Trump is looking to cancel $9.4 billion in spending already approved by Congress. That’s just a sliver of the $1.7 trillion that lawmakers OK’d for the budget year ending Sept. 30.The package of 21 budget rescissions will have to be approved by both chambers of Congress for the cuts to take place, beginning with a House vote expected Thursday. Otherwise, the spending remains in place.The White House is betting that cutting federal investments in public media and some foreign aid programs will prove politically popular. Republicans…

Nintendo Switch 2 controllers are displayed during at the Nintendo New York store on June 4, 2025, for a launch event ahead of the video game hybrid console’s midnight release. David Dee Delgado | AFP | Getty ImagesNintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, a record-breaking start for the company’s first new console in eight years. The sales figures, reported by the Japanese multinational video-game company on Wednesday, put it on the path to realizing its aim of selling 15 million units of the Switch 2 console…

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via ReutersTesla CEO Elon Musk said on Tuesday that his company’s robotaxi service is “tentatively” set to launch in Austin, Texas, on June 22.In a post on X, Musk indicated that he’s flying from Los Angeles to Austin for the kickoff, which he previously said would occur sometime in June. When a commenter asked when public rides will start, Musk said the current plan is for June 22, and that the first driverless…

Mark Zuckerberg arrives before the inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, Jan. 20, 2025.Kenny Holston | Via ReutersMark Zuckerberg is so frustrated with Meta’s standing in artificial intelligence that he’s willing to spend billions of dollars to convince Scale AI CEO Alexandr Wang to join his company, people familiar with the matter told CNBC. Meta is finalizing a deal to invest $14 billion into Scale AI, according to a person familiar with the matter who asked not to be named…

(The Center Square) – U.S. Secretary of Agriculture Brooke Rollins signed three waivers on Tuesday for Arkansas, Idaho and Utah food stamp programs, preventing “sugary drinks” such as sodas and energy drinks from being included in the federally funded food program.The Supplemental Nutrition Assistance Program, which is funded by the federal government and administered by the states, helps low-income individuals and families buy food.“Today is a great day for American taxpayers, and for the people of Indiana, Arkansas, Idaho and Utah,” Rollins said. U.S Department of Agriculture Secretary Brooke Rollins signs a waiver restricting “sugary drinks” like soda and energy…

Defense tech startup Anduril Industries will go public, founder and CEO Palmer Luckey said Tuesday.”We are definitely going to be a publicly traded company,” he told CNBC’s “Closing Bell: Overtime.” “We are running this company to be the shape of a publicly traded company.”He added that there isn’t “really a path” for a company like Anduril to win significant trillion-dollar defense contracts without going public.Luckey did not detail an IPO timeline.Since its founding, Anduril has risen to become one of the most highly valued private U.S. technology companies and is an innovator in the defense tech space, chipping away at…

Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesIn the three trading days since Elon Musk’s war of words with President Donald Trump last week sank Tesla’s market cap by 14% in a single session, the stock has rallied almost all the way back. Tesla shares rose 5.7% on Tuesday to close at $326.09 on Tuesday, leaving the stock about $6 short of where it was trading last Wednesday, before the Musk-Trump brouhaha exploded across social media.…

U.S. Treasury Secretary Scott Bessent leaves on his way back to the U.S., while trade talks between the U.S. and China continue, in London, Britain, June 10, 2025. Toby Melville | ReutersU.S. Treasury Secretary Scott Bessent said Tuesday he is departing ongoing trade talks with China because he has to travel to Washington, D.C., to testify before Congress the next day.Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer will remain in London to continue the negotiations with Beijing, which are still underway after two lengthy days of talks, Bessent said.Lutnick said earlier that the parties were “trying to…

(The Center Square) – The Pennsylvania House took a wide bipartisan swipe at the private equity firms who have widened their impact on the state’s most basic necessities.With bills intended to help ongoing crises in healthcare and housing, the legislature is signaling an appetite for a much shorter lead on the firms who have drained the system in service of investor profit.“To say that they’re businesses is too kind,” said Majority Leader Rep. Matt Bradford, D-Norristown.House Bill 1460 responds to the devastating closure of Crozer-Chester Medical Center and Taylor Hospital in Delaware County, which has led to dangerously long travel…

(The Center Square) – Health care industry leaders in Washington state are growing concerned about price controls on providers and increased taxes on physician groups and hospitals, which could lead to further increased costs and a lack of consumer access.At a June 3 meeting of the Health Care Cost Transparency Board, several industry officials made it clear that some recently passed state legislation may be undermining the board’s goal of controlling health care costs.Significant increases to the business and occupation tax enacted through House Bill 2081 were cited, which could impact physician groups and hospitals, potentially driving up costs. Also mentioned was House Bill 1123,…