Efforts by the United States to strengthen its domestic supply of critical minerals have taken on renewed urgency as China’s restrictions on rare earth materials continue to disrupt production of components used in advanced weapons systems. American companies are now racing to expand processing capacity, but industry leaders say it will take time before domestic supply can meet growing defense demand.
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Sen. Bernie Moreno Says Rep. Max Miller Should Leave Congress Amid Domestic Abuse Allegations
Republican Sen. Bernie Moreno of Ohio has publicly called on his former son-in-law, Rep. Max Miller, to step down from the U.S. House of Representatives, saying the congressman should “seek professional help” as allegations of domestic abuse continue to dominate an ongoing custody dispute involving Miller and Moreno’s daughter.
Todd Blanche Rescinds Trump’s Anti-Weaponization Fund Ahead of Senate Confirmation Vote
Acting U.S. Attorney General Todd Blanche has formally rescinded President Donald Trump’s proposed “Anti-Weaponization Fund,” removing a major obstacle that had threatened to derail his nomination to become the country’s next attorney general.
Japan, US Confirm Joint Yen-Buying Intervention, Signal Readiness for More Action
Japan and the United States have confirmed that they carried out a coordinated intervention in the foreign exchange market to support the Japanese yen, marking the first joint currency operation between the two countries in more than a decade. Japanese authorities said they remain prepared to intervene again if necessary, underscoring growing concern over the yen’s prolonged weakness and its potential impact on global financial markets.
Capital One Says Trump Organization Accounts Were Closed After Anti-Money Laundering Review
Capital One has told a U.S. federal court that its decision to close more than 300 bank accounts linked to the Trump Organization in 2021 followed an internal anti-money laundering (AML) review rather than political considerations. The filing was made as the bank seeks dismissal of a lawsuit brought by the Trump Organization and Eric Trump, who allege they were unlawfully “debanked” because of their political affiliations.
Iran Expands Pressure Campaign as Tensions With US Shift Toward Economic and Maritime Leverage
Iran is increasingly relying on economic and maritime pressure rather than direct military confrontation as it seeks to strengthen its position in its ongoing standoff with the United States, according to Gulf officials and analysts cited by Reuters. Instead of pursuing a decisive battlefield victory, Tehran is focusing on a strategy that raises the costs of the conflict for Washington, its regional partners and the global economy.