00:02NVIDIA CEO Jensen Wang said the company's $30 billion investment in OpenAI is likely its last before the AI startup
00:10goes public later this year.
00:11Wang added that a previously discussed $100 billion investment deal is unlikely to materialize and that NVIDIA's $10 billion investment
00:20in Anthropic may also be its final major AI stake.
00:24The comments come after NVIDIA joined a massive $110 billion funding round for OpenAI, alongside Amazon and SoftBank, even as
00:33regulatory filings caution that no further agreements are guaranteed.
00:40President Donald Trump has formally nominated Kevin Warsh to serve as the next Federal Reserve Chair, replacing Jerome Powell if
00:47confirmed by the U.S. Senate.
00:49However, Senator Tom Tillis has vowed to block the nomination until a federal criminal investigation into Powell is dropped, potentially
00:57stalling the process.
00:59The move comes amid heightened tensions between Trump and the Fed, including disputes over interest rates and a separate legal
01:05battle involving Fed Governor Lisa Cook.
01:09A federal judge in New York ruled that companies that paid tariffs imposed by the Trump administration are entitled to
01:15refunds after the Supreme Court struck the taxes down as unconstitutional.
01:20The justices found the sweeping tariffs, imposed under a 1977 emergency powers law, exceeded presidential authority because the Constitution gives
01:30Congress control over taxation.
01:32The federal government collected more than $130 billion from the tariffs and could ultimately owe up to $175 billion in
01:41refunds, as officials are expected to appeal.
01:44Meanwhile, states led by New York sued the Trump White House to block new tariffs, arguing the commander-in-chief
01:50does not have the authority to impose import taxes after the Supreme Court ruled his earlier tariffs were illegal.
01:57The lawsuit asks a federal trade court to declare the tariffs unlawful and to stop the government from enforcing them.
02:06Disney is expanding aggressively into Asia with the maiden voyage of its largest ship ever, the Disney Adventure, sailing from
02:13Singapore and built to carry 6,700 passengers.
02:17The launch comes as international travel to the U.S. declines, with Disney positioning the ship as a destination itself
02:25and a brand ambassador for Southeast Asia.
02:27With six more ships planned by 2031 and strong early bookings, the company is betting big on growing cruise demand
02:35and rising disposable income across the region.
02:39James Tallarico emerged as the Democratic nominee for U.S. Senate in Texas after defeating Representative Jasmine Crockett, positioning him
02:48as a leading voice of opposition to President Donald Trump.
02:51The 36-year-old Austin lawmaker ran on a message of unity, economic fairness, and rejecting Christian nationalism, all while
02:59promising to fundamentally change politics.
03:02Tallarico now faces a tough general election in a state where Democrats have not won statewide in three decades against
03:10either Senator John Cornyn or State Attorney General Ken Paxton.
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