Bessent rules out Fed chair role, explains what lured Saudis' $1T investment deal

Elon Musk and Nvidia have announced a partnership with a Saudi state-backed firm to establish a large-scale AI data center. This development coincides with Crown Prince Mohammed bin Salman's visit to Washington, where the U.S. government appears to have facilitated Saudi Arabia's acquisition of American semiconductors. The collaboration aims to enhance AI capabilities and infrastructure in the region.

Saad Almadi, a 75-year-old US citizen, has been released by Saudi Arabia after being imprisoned for five months due to critical tweets about the government. His release follows a meeting between Saudi Crown Prince Mohammed bin Salman and former President Donald Trump, which has been linked to Almadi's case. Initially sentenced to 19 years in prison in 2021, Almadi's charges were later reduced to cyber crimes, resulting in a 30-year travel ban.

Saudi Arabia is releasing U.S. citizen Saad Almadi, who was jailed for five months due to social media posts critical of the royal family. His release follows a bilateral meeting between President Trump and Crown Prince Mohammed bin Salman in Washington, D.C. Almadi, 75, immigrated to the U.S. in 1976 and was arrested during a family visit in 2021.

President Trump emphasized the significance of the U.S.-Saudi Arabia partnership, describing it as one of the most consequential globally. He highlighted a $1 trillion investment in American projects, positioning himself as a notably Saudi-friendly president in recent history.

President Trump's agreement to sell F-35 advanced fighter jets to Saudi Arabia could significantly shift the military balance in the Middle East. This deal raises concerns among Israeli and U.S. officials regarding the potential erosion of Israel's Qualitative Military Edge (QME) in the region.

President Trump's tariffs are beginning to show significant effects, as recent data from the Commerce Department reveals a notable decline in imports and a reduction in the trade deficit. This development indicates that the tariffs are influencing trade dynamics in the United States.

President Donald Trump welcomed Saudi Crown Prince Mohammed bin Salman to the White House for the first time since the CIA concluded that the crown prince approved the 2018 killing of journalist Jamal Khashoggi. During a tense exchange with reporters, Trump defended bin Salman, asserting that he 'knew nothing' about the murder.

A measure to compel the Justice Department to release its files on Jeffrey Epstein is on its way to President Trump's desk after quickly advancing through both chambers of Congress Tuesday.