Latest in Vows Cut Billions
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British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.CNBC - 27m -
Judge Rules That Trump Administration Defied Order to Unfreeze Billions in Federal Grants
The federal judge in Rhode Island said the Trump administration had failed to comply with his order unfreezing billions of dollars in federal grants.The New York Times - 7h -
Elon Musk Leads $97.4 Billion Bid to Control OpenAI
The billionaire is leading a group of investors in the unsolicited offer, which complicates the start-up’s plan to raise more money.The New York Times - 7h -
Progressive group sounds alarm on Medicaid cuts
Presented by American Medical Association — A new report from Democratic-aligned group Protect Our Care highlights potential GOP changes to Medicaid. {beacon} Health Care Health Care The Big ...The Hill - 8h -
Musk-led investor group offers $97.4 billion for OpenAI — Altman declines
According to The Wall Street Journal, Elon Musk and a group of investors are offering $97.4 billion to take control of OpenAI.CNBC - 9h -
Elon Musk and investors offering $97.4 billion for control of OpenAI, WSJ reports
Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, The Wall Street Journal reported on Monday.NBC News - 10h -
These States Could Miss Out on $47 Billion in Energy Loans
Billions of dollars in loans are in limbo due to Trump’s freeze of clean energy funding, affecting businesses across the country.Inc. - 13h -
Trump Expects Musk to Find Billions in Pentagon Waste Next
The Pentagon’s budget is roughly $1 trillion per year.Inc. - 1d -
Inside the House GOP clash over tax cuts
Hardliners are squaring off against their top tax writer as Republicans try to assemble a package President Donald Trump's priorities.Politico - 1d -
Trump amends CBS '60 Minutes' lawsuit and demands $20 billion
President Trump doubled the damages he is seeking from CBS and its parent company, Paramount Global, which needs FCC approval for its pending merger.Los Angeles Times - 2d -
China’s ‘Ne Zha 2’ Shatters Box Office Records With $1.2 Billion
The runaway success of “Ne Zha 2” is another sign that Chinese audiences are choosing domestic movies over Hollywood blockbusters.The New York Times - 3h -
As Musk cuts federal spending, his own firms have received billions in contracts
As Elon Musk has led an effort to slash government spending, his own companies have, over the last few years, received billions of dollars in government contracts.ABC News - 7h -
More job cuts expected at Justice Department, FBI
Staff within the Justice Department and FBI are on edge and bracing for more firings due to the changes under the new Trump administration. CBS News Department of Justice correspondent Scott ...CBS News - 8h -
Elon Musk-led investor group offers $97.4 billion for control of OpenAI
Billionaire Elon Musk is leading a group of investors in a $97.4 billion bid to take control of artificial intelligence pioneer OpenAI.CBS News - 9h -
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Trump’s budget cuts are unconstitutional
These are not presidential decisions to make but rather are legislative mandates. Congress is our only hope.The Hill - 15h -
UK steel industry fears ‘devastating blow’ from Trump tariffs; Brussels vows to react; FTSE 100 hits record high – business live
US president says 25% tariffs on steel and aluminium imports to be introduced this week as Chinese tariffs come into effect. Trump to announce 25% aluminum and steel tariffs as China’s levies ...The Guardian - 17h -
Trump predicts ‘billions’ of dollars of Pentagon fraud in Fox News interview
President targets education department and military in pre-Super Bowl chat and repeats wish for Canada to be 51st state. Super Bowl 2025 – live updates Donald Trump said that he expects Elon ...The Guardian - 1d -
Trump vows to cut billions of dollars from US defence spending
President says ‘fraud and abuse’ at Pentagon will be Elon Musk’s next targetFinancial Times - 1d -
Driver cut free after crash with highways vehicle
Firefighters say the highways vehicle was stationary within a closed work zone when it was hit.BBC News - 1d -
Trump Plans to Send $8 Billion in Arms to Israel, Bypassing Some Lawmakers
President Biden announced the arms sales at the end of his administration, and President Trump is pushing it soon after his meeting with Prime Minister Benjamin Netanyahu of Israel.The New York Times - 1d -
‘This time, we stay’: the Palestinian families vowing not to leave Gaza
Defiant Gazans reject Trump’s resettlement plan after enduring 15 months of conflict. Saaed Salem’s eyes filled with tears as he surveyed the remains of his north Gaza neighbourhood on a freezing ...The Guardian - 2d -
North Korea's Kim slams US-South Korea-Japan partnership and vows to boost his nuclear program
North Korean leader Kim Jong Un has said an elevated U.S. security partnership with South Korea and Japan poses a grave threat to his country and vowed to further bolster his nuclear weapons programABC News - 2d -
Ukraine war briefing: Kim Jong-un vows ongoing support for Russia’s ‘just cause’
North Korean leader also pledged further development of nuclear forces; UK foreign secretary says no imminent peace talks with Russia. What we know on day 1,082. See all our Ukraine war ...The Guardian - 2d -
NIH cuts overhead funding for research
The National Institutes of Health (NIH) on Friday made a significant reduction in grants reserved for research institutions, a decision that may significantly impact American higher education. The ...The Hill - 2d -
Trump administration to cut billions in medical research funding
National Institutes of Health said the $4bn loss will affect ‘indirect’ funding of buildings, equipment and staff. The Trump administration is cutting billions of dollars in medical research ...The Guardian - 2d -
Gatland vows to fight on as Wales head coach
Wales slump to their 14th consecutive defeat with the latest loss to Italy in Rome.BBC News - 2d -
Trump and Japanese PM Ishiba talk tariffs and vow to stand against Chinese ‘aggression’
Leaders praise each other at White House but president warns Japan could face tariffs if it doesn’t cut US trade deficit to zero. The Japanese prime minister, Shigeru Ishiba, and the US president, ...The Guardian - 3d -
Democrats demand probe into Musk's alleged 'conflicts' over billions in fed contracts
House Judiciary Democrats sent a terse letter Friday to Attorney General Pam Bondi, expressing concerns that Elon Musk’s role at DOGE creates "conflicts of interest."ABC News - 3d -
Graham's plan for Trump tax cuts
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...The Hill - 3d -
Administration vows to rehire DOGE Treasury Department staffer who left over posts
One day after a DOGE Treasury Department employee resigned over racist social media posts, the Trump administration has vowed to rehire him.ABC News - 3d -
Anduril in talks to raise money at $28 billion valuation as defense-tech booms
Anduril has signed a term sheet to raise up to $2.5 billion at a valuation of $28 billion, according to sources close to the company.CNBC - 3d -
Small Businesses and Contractors Also Get Hit by Trump’s Federal Funding Cuts
Reports suggest several thousand private sector jobs have been lost in the last two weeks, as federal funding freezes start having knock-on effects.Inc. - 3d -
OpenAI Close to Deal that Values Company at $300 Billion
The Japanese conglomerate SoftBank would invest up to $40 billion in the maker of the chatbot ChatGPT.The New York Times - 3d -
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.The New York Times - 4d
