Overview

Anthropic CEO Dario Amodei announced the company's intention to legally contest the Pentagon's designation of the AI startup as a "supply chain risk." The dispute arises from disagreements over the use of Anthropic's AI model, Claude, for military purposes. While the designation poses potential risks to Anthropic's defense contracts, the company assures business partners that the impact will remain limited to specific Department of Defense agreements.

A coalition of 23 states, led by New York, has filed a lawsuit to block President Trump's latest global tariffs, which were imposed after the Supreme Court invalidated his previous tariff regime. The lawsuit argues that the new tariffs, based on the 1974 Trade Act, violate constitutional principles and misuse legislative authority. The move adds to the uncertainty surrounding U.S. trade policy, as businesses await refunds from previously invalidated tariffs.

China has announced its lowest economic growth target in decades, aiming for 4.5%-5% expansion by 2026. This reflects challenges like weak domestic demand, a prolonged property crisis, and global trade tensions. The decision highlights a shift from high-speed to high-quality growth as China focuses on technological innovation, green energy, and boosting domestic consumption. Meanwhile, geopolitical tensions with the U.S. persist, with President Trump’s upcoming visit set to address trade and technology issues.

Bitcoin rebounded strongly, exceeding $73,000 as global markets recovered from geopolitical tensions. The cryptocurrency saw an 8% surge before dropping slightly to $72,500, reflecting continued volatility. Analysts attribute the rally to shifting liquidity expectations amid Middle East conflicts and a bullish sentiment in the crypto market. Bitcoin outperformed traditional assets like gold, which saw declines. Despite uncertainties, increased inflows into Bitcoin ETFs highlight growing investor confidence.