Notus News

• An internal U.S. Treasury Department report warns that the current artificial intelligence surge could be forming a financial bubble similar to the dotcom bust of the late 1990s. • While the Trump administration maintains a bullish public stance on AI, private analysts are evaluating the risks of speculative excess within the sector. • The report notes key differences between today's AI firms and 1990s companies, specifically regarding the level of debt financing used to fuel growth.

• A judge has refused to dismiss a lawsuit challenging the Trump administration's "anti-weaponization" fund, maintaining legal pressure on the initiative. • The ruling increases scrutiny on Acting Attorney General Todd Blanche, who faces pressure to dismantle the fund before his confirmation hearing next month. • Representative Jamie Raskin and House Democrats are pushing for the "No Carte Blanche Act," a bill designed to permanently block the fund's financing.

• Former President Donald Trump is reportedly developing a "Plan C" strategy to alter election rules after facing multiple courtroom losses. • This new approach follows the failure of the SAVE America Act, which has been deemed effectively dead as a viable legislative path. • The shift in tactics highlights the administration's ongoing efforts to challenge election protocols despite significant legal setbacks.

• Democratic lawmakers are reluctantly supporting a memorandum of agreement between the U.S. and Iran, despite Senator Chris Murphy describing the deal as a "disaster." • The agreement focuses on reopening the Strait of Hormuz and extending the current ceasefire for a period of 60 days. • This temporary measure is critical as it provides a window for negotiators to develop a broader deal to restrict Iran's ability to procure or develop nuclear weapons.