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It’s the first day of the second half of the year, and it’s already full of developments for investors to get their teeth into.
“Foreign national” will make a collective sigh of relief as Anthropic is given the green light to roll out its latest AI models, but eyebrows will be raised at President Donald Trump’s new financial disclosures.
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“We’re grateful to our users for their patience, and to everyone who worked with us on redeploying the models,” Anthropic said in a post on X.
Back in mid-June, the Trump administration had ordered Anthropic to suspend all access to “any foreign national, whether inside or outside the United States, including foreign national Anthropic employees,” sparking fresh concerns over AI sovereignty and protectionism.
What do stablecoins, Nvidia, gold bars, World Cup tickets and a statue worth $250,000 have in common? They all appear in Trump’s latest financial disclosures for 2025, released in a 927-page document on Tuesday. The report shows more than $580 million in crypto-related income, while Apple, Microsoft and Nvidia were among the largest individual stock transactions in the disclosure. You can find the full report here.
In a fresh update from Iran, parliament speaker and chief negotiator Mohammad Bagher Ghalibaf has said the country is selling oil at a 20% premium to pre-war crude prices. This comes as Tehran claims to have exported more than 40 million barrels of crude since the removal of the U.S. naval blockade and the reopening of the Strait of Hormuz.
Brent has posted its biggest monthly decline since March 2020, dropping over 20% in June.
It’s been a big week for central banks, with the ECB Forum in Sintra, Portugal. Bank of England Governor Andrew Bailey told CNBC at the event that he is comfortable with interest rates at their current level, saying the inflationary impact from the war in Iran is not as strong as expected. Meanwhile, Cleveland Fed President Beth Hammack said “insatiable” demand for AI could fuel inflation.
Later today, Federal Reserve Chairman Kevin Warsh will make his first public comments since the Fed announcement, as he joins a panel moderated by CNBC’s Sara Eisen. Catch that today at 9 a.m. ET.
— Leonie Kidd
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