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Christian Davies / Financial Times : Ford stock jumped as much as 25% in two days after the launch of Ford Energy, a new subsidiary providing battery storage capacity to AI data centers   —  New subsidiary pivots to energy storage batteries for AI after disastrous electric vehicle writedown  —  Shares in Detroit auto giant Ford surged …

Chinese President Xi Jinping issued a stark warning to President Donald Trump that Taiwan could trigger "clashes and even conflicts" between the world’s two superpowers, injecting a note of potential confrontation into an otherwise upbeat summit in Beijing. "President Xi stressed to President Trump that the Taiwan question is the most important issue in China-U.S. relations. If it is handled properly, the bilateral relationship will enjoy overall stability. Otherwise, the two countries will have clashes and even conflicts, putting the entire relationship in great jeopardy," Chinese Foreign Ministry spokesperson Mao Ning said following the meeting. The White House, however, downplayed the exchange, with a senior administration official telling Fox News Digital that "both sides reiterated their long-stated stance on the issue and everyone understands each other’s position." Trump struck a notably warm tone in his public remarks, predicting a "fantasti...

Matt Levine / Bloomberg : A look at GameStop's takeover bid for eBay, a bizarre job application by GameStop CEO Ryan Cohen, who does not have the money to buy eBay, to become eBay's CEO   —  Also Adani Green and fund formation legal fees.  —  GameStop  —  The simple model of GameStop Corp.'s proposal to acquire eBay Inc. is:

As they push to flip the House and capture the chamber's majority in this year's midterm elections, Democrats are facing a steeper hill to climb, thanks to two blockbuster court rulings. A Virginia Supreme Court decision last week that struck down the state's voter-passed congressional redistricting ballot measure, coupled with a ruling a week earlier by the Supreme Court to slash a key protection in the 1965 Voting Rights Act, were major setbacks for Democrats. The twin rulings gave President Donald Trump and Republicans a major boost in their high-stakes mid-decade redistricting battle with Democrats, giving the House GOP a bit of breathing room as it defends its razor-thin majority in the midterms.  At stake is which party will control the House and the Senate during the final two years of Trump's second term in the White House. SOUTH CAROLINA REPUBLICANS DEFY TRUMP, TANK REDISTRICTING, FOR NOW The Virginia decision negated four more likely left-leaning congression...

Bloomberg : Musk v. Altman: Microsoft executive Michael Wetter testifies that Microsoft has spent $100B+ on its partnership with OpenAI, including its original investments   —  Microsoft Corp. has spent more than $100 billion on its partnership with OpenAI, a sum that underscores the significance …

EXCLUSIVE: A former Navy SEAL and Marine veteran running for U.S. Senate in Minnesota sees an opening for a statewide GOP victory this election cycle, saying citizens are widely embarrassed by Democratic Gov. Tim Walz’s "stolen valor" handling of the massive fraud scandal in the state. In an interview with Fox News Digital, Adam Schwarze, one of about half a dozen running for the GOP’s Senate nomination in Minnesota, said that with the Democratic Party embracing socialist policies in the state and across the country, "the stakes cannot be higher." Without an incumbent to contend with, Schwarze said Republicans have a "20-year opportunity" to flip a seat that could determine which party controls the upper chamber. He juxtaposed himself with Lt. Gov. Peggy Flanagan, the No. 2 leader in Minnesota and the current Democratic frontrunner for her party’s Senate nomination. Schwarze posited that Flanagan has been marred by her association with Walz and the still...