Supremacy

• Global high-tech stocks experienced a severe market rout after China announced that state-owned company Shanghai Yuliangsheng will begin mass-producing machinery for advanced AI microchips. • The announcement challenged the perceived supremacy of the United States in AI technology, triggering a widespread meltdown across international stock markets. • This development is significant as it signals China's ability to independently manufacture the critical hardware necessary for artificial intelligence, potentially shifting the global balance of technological power.

• A panel of legal experts reviewed the Supreme Court's recent term, characterizing it as a period of "judicial supremacy" that significantly eroded the legislative power of Congress. • Key legal setbacks highlighted include the gutting of the Voting Rights Act in *Callais and Milligan* and the expansion of "unitary executive" power in *Trump v. Slaughter*. • Experts argue the Court has rewritten the Reconstruction Amendments and increasingly allowed its "shadow docket" to influence formal merits decisions without sufficient justification.

• The European Commission unveiled a "tech sovereignty" plan on Wednesday designed to reduce Europe's heavy reliance on foreign technology providers. • Rather than attempting to shut out American competitors, the strategy focuses on boosting domestic European champions to strengthen the region's digital infrastructure. • This move matters as the EU seeks to secure the critical technologies that underpin the modern economy and decrease vulnerability to external digital supremacy.