US senator calls for insider trading inquiry over Trump donors buying $12m worth of shares

A recent report revealed that major U.S. banks have systematically withdrawn financial support from politically sensitive industries, including oil and gas and firearms, following claims made by the Trump administration. This investigation highlights the growing trend of financial institutions distancing themselves from sectors perceived as controversial or politically charged.

The Trump administration has authorized six additional states to impose restrictions on food stamp purchases, a move that reflects ongoing changes in federal policies regarding welfare programs. This decision is part of a broader trend of states seeking more control over food assistance programs, which has implications for low-income households relying on these benefits.

The International Monetary Fund (IMF) has gently urged China to allow its currency to appreciate, highlighting concerns over the country's heavy reliance on exports amid ongoing tensions with the Trump administration. IMF Managing Director Kristalina Georgieva emphasized the need for a stronger renminbi to support global economic stability.

The International Development Finance Corp., a government agency, is poised to see its financing capacity more than triple under a new proposal in Congress, potentially increasing its funding capabilities to $140 billion. This development reflects the agency's growing significance in the Trump administration's foreign policy initiatives.

Paramount's X account has reportedly been hacked amid a fierce bidding war for Warner Bros. Discovery, which has seen Paramount making a $108.4 billion hostile takeover bid following Warner's agreement with Netflix for an $83 billion acquisition. This incident raises concerns about cybersecurity in the high-stakes entertainment industry.

Netflix and Paramount are engaged in a competitive battle for the acquisition of Warner Bros., with Netflix proposing a $72 billion deal that is now under scrutiny due to antitrust concerns and political implications involving the Trump administration.

A US judge has ruled against the Trump administration's attempt to halt wind energy permits, declaring the executive order to freeze all wind energy projects unlawful. This ruling is part of a broader legal challenge against policies that have impacted renewable energy initiatives in the United States.