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(Reuters) -Federal Communications Commission Chairman Brendan Carr defended the agency’s review approving Skydance Media’s acquisition of Paramount Global as routine and in the public interest in a letter made public on Tuesday. Carr, in the letter dated August 12, rejected Democratic Senator Richard Blumenthal’s allegation that the agency’s actions were conditioned on payments to President …

FCC Chairman Carr defends Paramount Global–Skydance merger approval Read More »

(Reuters) -Meta’s planned AI data center in Louisiana will cost $50 billion, President Donald Trump said during a cabinet meeting on Tuesday. The social media company is building its largest data center in Richland Parish, which could handle intense computational power to support digital infrastructure, including artificial intelligence workloads. The Facebook and Instagram parent declined …

Meta’s planned Louisiana AI data center to cost $50 billion, Trump says Read More »

By Susan Heavey and Mike Stone WASHINGTON (Reuters) -The Trump administration is considering taking stakes in defense contractors, including Lockheed Martin Corp, U.S. Commerce Secretary Howard Lutnick said on Tuesday as he defended President Donald Trump’s push for a greater government role in American business. “They’re thinking about it,” Lutnick told CNBC, citing Pentagon leaders, …

Trump administration mulls taking stakes in defense firms including Lockheed Martin Read More »

By David Lawder (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump’s tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September. Bessent told a White House Cabinet meeting that his prior estimate of a …

Bessent says US tariff revenue could be well over $500 billion a year Read More »

By David Shepardson PHILADELPHIA (Reuters) -The head of the Federal Aviation Administration said on Tuesday the agency intends to conduct scenario-based planning, known as tabletop exercises, with Boeing before it will consider lifting the 38-plane-per-month cap on 737 MAX production. The exercises will review potential issues Boeing may face if it boosts production and aim …

US FAA to conduct scenario-based planning with Boeing before it may lift 737 MAX production cap Read More »

By Laura Matthews NEW YORK (Reuters) -The dollar fell against major currencies on Tuesday as President Donald Trump’s unprecedented move to fire Federal Reserve Governor Lisa Cook renewed concerns over the central bank’s independence. The euro rose 0.22% against the dollar to $1.1647 while sterling was last up 0.2% at $1.3481. Against the Japanese yen, …

Dollar trades lower as Trump’s move to fire Fed governor spooks investors Read More »