•US officials are considering worldwide export controls that would require government approval to ship AI chips anywhere outside the country.
•The proposed rules would establish a tiered licensing system, with cursory reviews for small deployments and strict certification for large deployments.
•The Canadian Nuclear Safety Commission (CNSC) approved the Environmental Assessment and issued a Licence to Prepare Site and Construct for the Rook I Project.
•The Rook I Project is 100% owned by NexGen Energy Ltd.
•A Rhodium Group report indicates that structural advantages and in-house production are the primary drivers of BYD's margins, rather than just subsidies.
•Western automakers' reliance on outsourcing supply chains for decades has led to a loss of cost competitiveness.
•BYD achieves higher margins despite lower prices due to vertical integration.
•BNY strategist Geoff Yu argues that the sharp repricing of European natural gas futures has significantly overshot assumptions embedded in recent ECB staff projections.
•New York AG Letitia James led a coalition of states in a lawsuit to block Trump's latest tariffs and demand refunds.
•The lawsuit alleges the administration is misusing Section 122 of the Trade Act of 1974 to bypass a previous Supreme Court ruling against IEEPA tariffs.
•States argue the tariffs violate the Constitution and statutory rules requiring consistent tariff application.
•Major banks rejected a White House-brokered compromise on stablecoin yields, leading to a legislative impasse.
•JPMorgan CEO Jamie Dimon argued that platforms paying yields on stablecoins should be regulated as banks.
•White House advisor Patrick Witt stated that the GENIUS Act forbids stablecoin issuers from lending assets, distinguishing them from traditional banks.
•Visa, ANZ, ChinaAMC, and Fidelity International participated in a pilot for cross-border settlement of tokenized assets.
•The pilot used Chainlink technology for cross-chain messaging and atomic settlement to ensure payment, compliance, and asset transfer complete simultaneously.
•The initiative is part of the Hong Kong Monetary Authority's (HKMA) e-HKD program.
