Trump Threatens 100% Tariff on Foreign Films: President Donald Trump announced via Truth Social his intention to impose a 100% tariff on all movies made outside the U.S. The move has created uncertainty in Hollywood, as studio executives and trade analysts question the legal authority and practical implementation of such a tariff, especially given the global nature of modern film production.1
Government Shutdown Looms: President Trump is set to meet with congressional leaders to avoid a government shutdown, with a funding deadline of midnight on Tuesday.2 The main point of contention is the Democrats' insistence on extending expiring healthcare tax credits from the Affordable Care Act, while Republicans want to handle government funding and healthcare as separate issues.
Electronic Arts to Go Private in $55 Billion Deal: Video game maker Electronic Arts (EA) is being taken private in a record $55 billion leveraged buyout.16 The consortium of buyers includes private equity firm Silver Lake, Saudi Arabia's Public Investment Fund, and Jared Kushner's Affinity Partners.
China Launches New 'K Visa' for Tech Talent: China has introduced a new "K visa" to attract young foreign graduates in science, technology, engineering, and math (STEM).17 The move comes as the U.S. increases the fee for its H-1B visa, potentially making China a more attractive alternative for global tech talent.18
China's DeepSeek Releases New AI Model: Chinese AI firm DeepSeek has released an "intermediate" version of its large language model, DeepSeek-V3.2-Exp.20 The company claims the new model is more efficient to train and better at processing long texts.
Elon Musk Calls ADL a 'Hate Group': On his social media platform X, Elon Musk labeled the Anti-Defamation League (ADL) a "hate group." His comments were in response to the ADL including the far-right ideology "Christian Identity" in its glossary of extremism.
Europe Wins Ryder Cup Amidst Hostile Crowd: Team Europe defeated the United States 15-13 to win the Ryder Cup in Farmingdale, New York.21 The event was marked by a hostile atmosphere, with European players facing verbal abuse and vulgar chants from some American fans throughout the three-day competition.