Proposals

• California Governor Gavin Newsom’s revised 2026-27 budget, released May 14, projects weaker near-term economic growth for both California and the U.S. amid higher global energy prices. • The revision also lays out several business tax changes, including a permanent limit on business tax credits and a proposal to apply sales tax to software purchased online or by download. • The budget note matters beyond California because the outlook reflects broader U.S. growth concerns and could influence expectations for corporate tax policy in a large state economy.

US president says he is considering restarting naval escorts in strait of Hormuz in attempt to end Iranian blockadeMiddle East crisis – live updatesDonald Trump has said the ceasefire with Iran is on “life support” and that he is considering restarting US navy military escorts of ships through the strait of Hormuz in an attempt to end the Iranian blockade of the vital waterway.The US president dismissed Iran’s peace proposals as stupid, and denied he was under any domestic pressure to reach a deal. Continue reading...

Diplomatic efforts continuing despite fighting in and around contested strait of Hormuz in recent daysMiddle East crisis – live updatesThe US secretary of state, Marco Rubio, has said that Washington is expecting a response from Iran on Friday to its proposals for an interim deal to end the conflict in the Middle East, as Iran accused the US of breaching the increasingly fragile ceasefire announced last month.In recent days there have been the biggest flare-ups in fighting in and around the contested strait of Hormuz since the informal truce began. The rise in violence followed Donald Trump’s announcement – then rapid pause – of a new naval mission aimed at opening the strategic waterway. Continue reading...

• The Trump White House moved to distance itself from proposed tighter AI regulation, signaling the administration's preference for lighter regulatory frameworks, according to May 7-8, 2026 reporting. • The administration's position reflects ongoing ideological divisions within the federal government about appropriate levels of AI oversight and innovation policy. • Tech industry advocates and some Republicans support the White House's stance, while AI safety advocates continue pushing for stronger regulatory measures.

Mediators want both sides to agree to suspend hostilities but Tehran warns peace talks ‘incompatible with threats’Middle East crisis – live updatesProposals for an immediate ceasefire have been circulated to Washington and Tehran in an attempt to halt the five-week-old war and stave off an extraordinary threat issued by Donald Trump to bomb Iran’s power plants.Mediators from Pakistan, Egypt and Turkey want both sides to agree to suspend hostilities and reopen the strait of Hormuz, to be followed by a period of detailed negotiations intended to reach a more complete peace agreement. Continue reading...

• NERSC, at Lawrence Berkeley National Lab, launched an open call for projects using the Perlmutter supercomputer to advance AI in scientific domains like climate, physics, and biology through January 19, 2027. • Proposals require deep learning expertise, scientific domain knowledge, and proof-of-concept; evaluated on innovation, DOE relevance, feasibility, and scale readiness, with submissions rolling until April 30, 2026, for priority. • NERSC supports 11,000 scientists annually, producing 2,000 peer-reviewed papers and aiding seven Nobel winners.