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By-elections — the British equivalent of a U.S. special election — are held when a member of Parliament resigns, dies or becomes enmeshed in tabloid scandal and are flung out of office by angry voters
President Trump surprised tech CEOs by suddenly pushing the idea of the U.S. taking a small ownership stake in AI giants, so the American people share in the upside of what will be trillion-dollar companies. "There's something very interesting about it, where it almost becomes a partnership with the American public," Trump told reporters aboard Air Force One yesterday. "It's like you make them [partners] in this revolution. It would be a beautiful thing. It would make 'em rich." Why it matters: OpenAI CEO Sam Altman has pushed this idea with the Trump administration over the past year. Sen. Bernie Sanders (I-Vt.) reignited the conversation this week when he proposed giving the public a "direct ownership stake" in top AI companies via a one-time 50% tax, paid in stock. Of course, industry advocates of the idea would favor giving up much less for an AI public wealth fund — 1-5% stakes have been kicked around. Between the lines: AI is broadly unpopular in the U.S. Some industry leaders, and now clearly Trump, think the technology's image would improve if all Americans participated in this mind-boggling wealth creation. Ahead of the expected stock offerings by Anthropic, SpaceX and OpenAI, Trump said there's "so much money, and it's so big, that there are concepts where pieces could be given to the American public, where the American public essentially becomes a partner . with the companies." "We'll look into that," Trump said. "We're talking about it, where the American people can benefit from the success of AI. And by doing that, they're gonna like it better . We're leading China. We're leading everybody in the world with AI, and we want to keep it that way." The backstory: Altman has pushed the concept in private conversations with administration officials, then in a proposal for an AI New Deal, then on Capitol Hill this week when he visited Sanders and leaders of both parties. A "Public Wealth Fund" was one of the provocative ideas in OpenAI's "Industrial Policy for
By David Lawder, Eman Abouhassira and Ahmed Elimam WASHINGTON/DUBAI, June 7 (Reuters) - The U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of future damage caused by Iran, a source familiar with the matter said on Saturday, a day after a wave of attacks by Iran against Kuwait and Bahrain. U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran, the source said, adding that the U.S. will consider using Iranian assets for those repairs as well
Kosovo goes to the polls for the third time in 18 months Sunday in an attempt to break a political impasse that’s stymied progress toward improving ties with Serbia and gaining more European aid