October 9, 2026

06 Market

Anthropic Wants to Merge with the President

pgnewser October 9, 2026 0

Anthropic has launched a “presidential engagement” project in preparation for the 2028 Presidential election. They plan on engaging with major U.S. presidential candidates on AI policy to determine their political strategy. From this, their political funding strategy would follow. It’s a transparent “buy influence” program being advertised in advance ahead of the 2028 elections.

Anthropic launching ‘presidential engagement’ effort ahead of 2028 election– fortune.com
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Anthropic is setting up a “presidential engagement” program ahead of the 2028 elections, building an in-house team that will work directly with U.S. presidential candidates from both parties on AI issues, help Anthropic’s leadership set political strategy, and run the company’s political funding program.

The effort—which is taking shape before the November midterm elections and an impending initial public offering that could value Anthropic at as much as $2 trillion—underscores the extent to which government policy, and the support of the White House in particular, have become critical to the AI industry.

Anthropic is hiring a Political Programs lead to spearhead the effort and build the team. The person will “build and run Anthropic’s presidential engagement program for the 2028 cycle,” according to the job description that the company posted recently. The person in the role will “map the prospective fields in both parties, offer AI policy education to candidates and their advisors on equal terms, prepare Anthropic’s executives for those conversations, and plan ahead for the platform, convention, and transition periods.”

“Decisions made over the next two years will shape the future enormously,” reads the job description. “We want every serious candidate and elected official, in both parties, to understand the technology and the case for governing it well.”

Trump Targets Major U.S. Corporations in Foreign VISA Crackdown

pgnewser October 9, 2026 0

Vice President JD Vance announced the Trump administration’s new restrictions on the H-1B Visa program. These new restrictions effectively end U.S. corporate reliance on “cheap foreign labor” for high-level positions, which effectively freeze Americans out of the highest potential seats of power.

US targets Microsoft, Adobe in new visa crackdown – Business– www.france24.com
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The Trump administration continues to crack down on immigration, with new restrictions on the H-1B visa programme. US Vice President JD Vance singled out Microsoft as having abused the system to recruit low-cost foreign workers, to the detriment of the American workforce. The tech giant has defended its hiring practices. Also in the show: Germany could join a UK-led fighter jet development programme, months after pulling out of a joint French project.

10-year Treasury yield backs off from 24-year high after solid bond auction eases demand fears– www.cnbc.com

pgnewser October 9, 2026 0

10-year Treasury yield backs off from 24-year high after solid bond auction eases demand fears– www.cnbc.com
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EXCERPT:

U.S. Treasury yields came off their highs after a solid sale of 10-year notes. Earlier, the 10-year yield rose to its highest level in more than two decades.

The 10-year Treasury last traded around 3 basis points higher at 5.288%. Earlier in the session, it reached 5.35%, its highest level since 2002. The 30-year Treasury bond yield also traded below a 24-year high, at 5.67%.

One basis point equals 0.01%, and yields and prices move in opposite directions.

The Treasury sold $39 billion of 10-year notes in an auction on Wednesday. According to BMO, the sale was “strong”, with higher than average bidding from non-dealers.

Indirect bidders, which include global central banks, took 80.3% of the auction — above a 10-auction average of 72.4%. Direct bidders, scooped up 17.1% of the sale, just below an average of 18.3%. Dealers, meanwhile, bought just 2.5% of the notes offered, well below a 9.4% mean.

“The 24-year highs in rates brought out the buyers and resulted in a great auction,” said Peter Boockvar, market strategist and author of The Boock Report.

Nonetheless, it still was the highest auction yield since 2000 at 5.3%.

France’s Threat to the World’s Government Bond Market | American Enterprise Institute– www.aei.org

pgnewser October 9, 2026 0

France’s Threat to the World’s Government Bond Market | American Enterprise Institute– www.aei.org
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Mark Twain is said to have observed that while history may not repeat itself, it certainly rhymes. We would do well to bear this in mind as we watch France’s government bond-market crisis unfold. As with the 1997–98 Asian financial crisis and the 2010 eurozone sovereign debt crisis, the turmoil in France’s bond market could quickly spread to other countries that share some of its basic weaknesses. That risk looks especially acute at a time when Italy, Japan, the United Kingdom, and the United States all appear to have unsustainable public finances.

In 1997, the Thai currency devaluation triggered a wave of devaluations across Asia, including in Indonesia, Malaysia, the Philippines, and South Korea. Similarly, the 2010 Greek debt crisis set off sovereign debt crises in Ireland, Italy, Portugal, and Spain. In both cases, contagion spread for two reasons: The initial crisis put a spotlight on other countries with similar weaknesses, and traders who lost money on positions in the first country were forced to liquidate positions elsewhere.

Today, France, Europe’s second-largest economy, appears to be on the cusp of a full-blown government bond crisis. Its $4 trillion government bond market is roughly eight times the size of Greece’s. Since the start of the year, French 10-year government bond yields have soared from around 3.5 percent to almost 5 percent. That is the largest increase among the G7 countries, and it has pushed the spread between French and German bonds to its widest since the 2010 eurozone crisis.

There are at least three reasons to believe that France’s crisis will deepen in the months ahead. First, the country’s public finances are unsustainable. Second, its dysfunctional politics prevent it from addressing its budget deficit. Third, its sclerotic economy is being hit by several external shocks that could tip it into recession.

Years of budget profligacy have pushed public spending to a staggering 57 percent of GDP, while the public debt-to-GDP ratio has climbed from 80 percent in 2010 to almost 120 percent today. Meanwhile, a French Ministry of Finance study suggests that, on present policies, the budget deficit will rise from 5.4 percent of GDP in 2026 to 6.8 percent by 2030, worsening an already troubling debt sustainability problem.

Trump keeps changing who gets his $5,000 dividend—only 21% of voters believe he’ll actually pay it– fortune.com

pgnewser October 9, 2026 0

Trump keeps changing who gets his $5,000 dividend—only 21% of voters believe he’ll actually pay it– fortune.com
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Politicians all over the world have been grappling with how to deal with low voter turnout, as it keeps falling in recent decades even as the number of countries holding elections (and the voters voting in them) has grown, according to International IDEA. Some jurisdictions have implemented paid holidays from work while political campaigns increasingly offer rides to the polls. Then the president of the United States recently began toying with another, arguably more enticing initiative: offering cash.

Should the GOP sweep the midterms come November, President Donald Trump promised every American adult a $5,000 check in their mailbox. It’s not the first time the noted dealmaker offered such a deal, but what is fresh is new details of who will actually get the check, which seemingly change with every passing day as the election draws closer.

As a result, voters are taking Trump’s word with a grain of salt. An Economist and YouGov poll from September found that only 21% of registered voters think Trump would “definitely or probably would” issue that $5,000 dividend if Republicans retain control of Congress, while more than half (57%) said he probably or definitely would not. Even among Republicans, less than half (45%) think Trump will follow through.

Trump first announced the payment on Sept. 9 as a $5,000 “dividend” for every adult U.S. citizen if Republicans sweep both the House and Senate in the midterm elections. Speaking at a Republican midterm convention in Dallas, he introduced a dividend component—saying the payment would be made because of what he described as the country’s “tremendous strength and success economically.”

“If the Republicans win, you win with us and you get $5,000,” Trump said during the midterm convention. “It will be called the Trump Dividend.”

In a post on Truth Social on Oct. 3, Trump wrote: “If Republicans win the House of Representatives and the Senate in the 2026 Midterm Elections, I’m going to give all Adult Citizens in the United States of America, $5,000.”

AI Exports and the Dream of a “Tech West” | American Enterprise Institute– www.aei.org

pgnewser October 9, 2026 0

AI Exports and the Dream of a “Tech West” | American Enterprise Institute– www.aei.org
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EXCERPT:

Two facets of American AI policy are often treated as contradictory, when in reality they are two sides of the same coin: On the one hand, Washington wants to aggressively export US-designed chips and cloud services to make American hardware the backbone of the global intelligence economy. At the same time, Washington wants to keep Chinese AI labs compute-constrained—by refusing to sell them the high-end chips needed to reliably offer AI services to global publics.

There is no contradiction between these positions. A recent AEI report argues that American compute should be the easiest in the world to buy and the hardest to steal. Washington can—and should—pursue a policy of deliberately exporting high-end compute to most countries capable of installing it, with one major exception.

Some China hawks worry that shipping advanced chips abroad can create obvious enforcement loopholes: Chips installed in a data center in Malaysia or Thailand are often rented remotely by customers in Beijing or Hangzhou. China hawks worry that racks of servers sitting in Southeast Asia may effectively amount to Chinese compute by another name.

This is a real problem—one that Congress is working to address. But it is not an argument for keeping every GPU at home, as some have started to advocate.

Computing capacity is an important element of national power, and the United States should build as much AI infrastructure domestically as it practicably can. But there are limits to how quickly American communities will accept new data centers, along with requisite sources of power generation, transmission, and storage. My AEI colleague Will Rinehart has documented that political opposition to large data centers is growing. Meanwhile, environmental permitting remains difficult, and grid interconnection can stretch on for years. 

How the Nordics Built a Sustainable Blueprint for A.I. Data Centers– observer.com

pgnewser October 9, 2026 0

How the Nordics Built a Sustainable Blueprint for A.I. Data Centers– observer.com
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Over the past two years alone, hyperscalers have announced some of the largest digital infrastructure projects on record. In the U.S., an OpenAI-Oracle-SoftBank Stargate project has outlined five new data centers, totaling roughly five gigawatts of capacity, as part of a multi-year, multibillion-dollar expansion to support next-generation A.I. models. And in India, Google is investing roughly $6 billion to develop an infrastructure hub in Visakhapatnam. But while data centers may appear to be proliferating everywhere, not all locations are equally suited to the demands of A.I. 

A.I. workloads have highly specific requirements, and where infrastructure is built has a direct impact on time to market, total cost of ownership and environmental sustainability. As power constraints, permitting delays and grid congestion continue to slow new projects in major markets, the central challenge has shifted. The focus is no longer simply on building capacity, but on finding where capacity can be responsibly developed at scale. 

The Nordic region, traditionally known for its mining, steel, pulp and paper production, has experienced a rebirth in recent years as an ideal location for prominent businesses such as Spotify, Nokia, Klarna and Lego, alongside a growing ecosystem of cleantech and data-driven industries. Arguably, one of its fastest-growing sectors is that of A.I.-ready digital infrastructure. A powerful combination of forward-thinking governments and favorable natural conditions has enabled the area to offer systemic lessons for scaling A.I. sustainably.

U.S. and Russia Explore Nord Stream Restart, Sources Say– www.themoscowtimes.com

pgnewser October 9, 2026 0

U.S. and Russia Explore Nord Stream Restart, Sources Say– www.themoscowtimes.com
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Top Russian and U.S. officials, including U.S. Special Envoy Jared Kushner, have held talks about bringing a U.S. investor into the Nord Stream pipelines that delivered gas to Germany before Russia invaded Ukraine, five people with knowledge of the situation said.

The discussions included Kirill Dmitriev, a close adviser to Russian President Vladimir Putin, and Kushner, the son-in-law of U.S. President Donald Trump, the people said.

Kushner, who has been trying to broker a truce between Russia and Ukraine, views doing business as central to restoring peace. Such a deal would enable U.S. investors to profit from energy flows to Europe once the war ends.

Dmitriev and Kushner have met in Moscow and New York in recent weeks. While it was unclear to what degree they discussed Nord Stream on those occasions, the topic remains on the agenda, two of the people told Reuters.

“Any deals will have to be negotiated by Russia with DFC (U.S. International Development Finance Corporation) and Treasury and must benefit United States taxpayers and companies,” a White House official said when asked about the pipeline discussions.

There had been “no Nord Stream discussions recently,” the official told Reuters.

As Foreign Applications Dry Up, American Universities Lower Tuition for Americans

pgnewser October 7, 2026 0

After a dramatic reduction in foreign customers for U.S. universities, the consequence for Americans is lower tuition. Universities needing American customers are now lowering their tuition prices to get them. Several private schools struggling to exist are now lowering their tuition by 40-50% to win back American customers.

Multiple American Colleges Slashing Tuition Prices in Effort to Attract Students– legalinsurrection.com
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EXCERPT:

 

It seems like we should have thought about this years ago. Is it already too late?

US colleges slash tuition by tens of thousands as families balk at sky-high sticker prices

As a record-low number of Americans believe attending college is crucial for success, colleges across the country are slashing tuition by tens of thousands of dollars — though the eye-popping cuts often won’t translate into equally large savings for families.

The Post identified at least a dozen colleges and universities that have cut or announced cuts to tuition or required program fees this year, with several private schools chopping published undergraduate prices by roughly 40% to more than 50%.

Emory & Henry University in Virginia cut tuition roughly in half to $19,990 this fall, while Arizona’s Prescott College lowered on-campus undergraduate tuition 55.8%, from $33,960 to $15,000.

The University of Tulsa plans to cut undergraduate tuition and university fees from $54,000 to $25,000 in fall 2027 — a $29,000, or 53.7%, reduction.

Seeing Red: Trump Signs Executive Order on Dyed Fuel in Bid to Bring Down Diesel Prices – RedState– redstate.com

pgnewser October 7, 2026 0

Seeing Red: Trump Signs Executive Order on Dyed Fuel in Bid to Bring Down Diesel Prices – RedState– redstate.com
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Fuel prices have risen since the onset of the U.S.-Iran conflict, and the price of diesel has shot up sharply in recent weeks.

President Donald Trump says it isn’t just shipping issues in the Strait of Hormuz that’s causing it; the rise is also exacerbated by Ukraine’s attacks on Russian refineries (something that the president has asked Ukrainian President Volodymyr Zelensky to stop) as their war continues to drag on.

On Monday evening, Trump announced an executive order intended to ease the pain at the pump for truckers and other diesel users by expanding access to so-called red-dyed diesel fuel, which is normally only allowed to be used by the construction and agriculture industries and the like because it is not subject to the federal highway tax.

Trump says for the time being, you can buy some too:

China warns France, Germany against ‘protectionist’ trade tools– www.channelnewsasia.com

pgnewser October 7, 2026 0

China warns France, Germany against ‘protectionist’ trade tools– www.channelnewsasia.com
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BEIJING: China called on France and Germany to steer clear of “protectionist” trade measures on Tuesday (Oct 6), after their leaders urged the European Union to develop a legal arsenal for a potential trade war.

French President Emmanuel Macron and German Chancellor Friedrich Merz said in a letter to European Commission President Ursula von der Leyen that “we need a credible instrument” for swift and decisive action.

This includes the ability to cut off access to the European single market “if needed”, according to the letter seen by AFP on Monday.

Macron and Merz stopped short of explicitly naming China but their letter comes just days before EU trade commissioner Maros Sefcovic heads to Beijing to tackle trade frictions.

China’s commerce ministry, in a statement on Tuesday, urged France and Germany to “refrain from encouraging the EU to resort to protectionist tools at every turn”.

“We hope that France and Germany, as major economies in the world, will uphold openness, cooperation and free trade,” the ministry said in a statement.

“They should avoid going down the wrong path in the wrong way, only to ultimately suffer the consequences themselves.”

 

Democrat Governor Declares State Of Emergency After About 100 Measles Cases– dailycaller.com

pgnewser October 7, 2026 0

Democrat Governor Declares State Of Emergency After About 100 Measles Cases– dailycaller.com
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Democratic New York Gov. Kathy Hochul issued an executive order Monday declaring a “state of emergency” as the state reports more than 100 measles cases.

As the Empire State’s neighbor Pennsylvania continues to top the charts with number of measles cases — with over 1,000 as of Monday — Hochul signed an executive order Monday calling for the state to increase its monitoring and vaccination efforts. New York reported 108 measles cases as of Saturday, according to Hochul’s order.

“After reviewing the latest data on measles cases in New York State, I am declaring a State Disaster Emergency to strengthen our ongoing efforts to confront this disease,” Hochul said in a statement posted to her government website.“No one should get seriously ill or die from a vaccine-preventable disease. That is why I have taken steps to increase the number of health professionals who can vaccinate and test. These emergency measures will protect New Yorkers and support our community partners as they work tirelessly to address the spread of this disease.” (RELATED: Schools Brace Themselves For Pennsylvania’s New Epidemic. But Is It Actually Impacting Kids?)

The executive order stressed the necessity to vaccinate New Yorkers in preventing the disease starting “the MMR [measles, mumps and rubella] vaccine is the only reliable way to prevent measles.”

To increase vaccination efforts, Hochul opened up the level of authorized personnel to administer the shots to include “paramedics, advanced EMS providers, pharmacists and midwives, and in addition to physicians, also allows nurses to order testing,” the order indicated.

Since July 15, New York health departments have administered over 1,000 doses of the MMR vaccine across rural areas of the state and also created a “Measles Dashboard” to show the latest updates of the outbreak in the state.

Trump, AI Tech Leaders Promise to be Responsible

pgnewser October 3, 2026 0

President Trump held an AI summit at the White House where he and tech leaders from Elon Musk to Mark Zuckerberg agreed to self-govern their roll-out of AI.

The President has held that holding back AI will allow China to dominate us, and that includes militarily. The move appears intended to ward off any legislative efforts to limit AI. House Speaker Mike Johnson (R-AR) appeared to cosign the agreement, claiming “The super intelligence providers are committed to building trust as they help us build the future.”

Trump, Tech Leaders Sign White House Accord on ‘Super Intelligence’ › American Greatness– amgreatness.com
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President Donald Trump and some of the world’s most prominent technology executives signed the White House Accord on Super Intelligence on Tuesday, establishing voluntary standards aimed at oversight, transparency and accountability as the industry rapidly develops advanced technology.

The agreement came the same day Trump signed an executive order officially rebranding artificial intelligence as “Super Intelligence.”

House Speaker Mike Johnson unveiled the accord outside the West Wing alongside executives including xAI’s Elon Musk, Meta’s Mark Zuckerberg, Anthropic’s Dario Amodei and Nvidia’s Jensen Huang. The announcement followed a private luncheon attended by Trump, Johnson, Cabinet officials and technology leaders.

“The super intelligence providers are committed to building trust as they help us build the future,” Johnson said, adding that the executives were prepared to “take accountability and ownership.”

Johnson described the agreement as a voluntary statement of principles establishing expectations for “robust internal controls and layers of internal and external review.” He said Congress and the White House would continue working to guide the industry’s development in a safe manner.

Trump compared the accord to a constitution and praised the executives for coming together.

“They love our country, they love the world,” Trump said. “And they came together, and they did something … it’s almost like a constitution in a way.”

Trump-Xi Meeting Produces Little Movement

pgnewser October 3, 2026 1

China might win some relief from Trump’s tariffs after President Trump met with Chairman Xi at the White House. The state visit produced little significant results outside of a promise to reduce tariffs on both sides and the President allegedly offering to sell arms to China. The President also made it clear to Xi that China should not attempt to help Iran, though no clear consequence was offered should China do so.

Triumph or Procrastination? Experts Split on the Trump-Xi Summit– warontherocks.com
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Over the better part of three days, President Donald Trump hosted Chinese President Xi Jinping in Washington for a summit that drew international attention for its high-stakes agenda, from trade and AI to Taiwan. While some experts saw the summit as an exercise in kicking the can down the road on major issues, others emphasized the significance of Trump treating Xi as an equal on the world stage.

AI Take a Deep Cut to Entry-Level Tech

pgnewser October 1, 2026 0

AI appears to be breaking the gateway into the tech world for new technicians. Nearly 50% of entry-level tech jobs have been eliminated by AI. Even though AI is producing jobs as well, this critical interruption of the talent development chain could produce shortages of experienced technicians to manage the AI itself.

Entry-Level Tech Jobs Plunge 49% as AI Begins Wiping Out First Rung of Career Ladder– slaynews.com
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The long-feared artificial intelligence-driven jobs bloodbath may already be arriving for one particularly vulnerable group of American workers: those trying to get their foot in the door.

A disturbing new analysis of New York City employment data reveals that postings for entry-level jobs in computer and mathematical occupations have collapsed by a staggering 49% since 2022.

The findings raise fresh concerns that companies are increasingly turning to AI while dramatically reducing opportunities for young workers and recent graduates who previously relied on junior positions to launch their careers.

Disney Cuts Continue

pgnewser October 1, 2026 0

Walt Disney Company bet the farm on “modern audiences,” which has caused its prestige and revenue to plummet. Having already cut jobs because of this contraction, Disney has announced hundreds more job cuts effective immediately. This is the third round of cuts since CEO Josh D’Amaro took over the ailing media corporation.

Disney Announces New Round of Layoffs, Cuts Hundreds of Jobs › American Greatness– amgreatness.com
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The Walt Disney Company has initiated a new round of layoffs, cutting approximately 300 employees primarily in the company’s human resources and technology departments.

The New York Post reports new Disney CEO Josh D’Amaro reportedly kicked off a new round of layoffs on Tuesday and that the Walt Disney Company’s TV division and motion picture studio are not affected by the current staff reductions.

The cuts are part of a continuous effort to streamline operations and reduce enterprise expenses and are specifically focused on corporate infrastructure and tech roles.

Trump says ‘very bad’ Canada is being ‘taught a little lesson’ as trade action escalates– www.cbc.ca

pgnewser October 1, 2026 0

Trump says ‘very bad’ Canada is being ‘taught a little lesson’ as trade action escalates– www.cbc.ca
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U.S. President Donald Trump’s war of words with Canada continued Wednesday as he veered off a prepared script at an event marking Hispanic Heritage Month in the States to chastise Canadian leaders for being what he called “very bad.”

Speaking at the White House, Trump said the U.S. was “stupidly run” before he got the job because past leaders allowed automakers to move assembly plants offshore, including to Canada.

Canada has had a large-scale domestic auto manufacturing industry since 1904, developing at roughly the same time as the one in the U.S.

Still, Trump said past presidents “allowed other countries to make our cars and sell them to us,” and he is ending that now with his high-tariff regime. The Trump administration has repeatedly made it clear that it wants to hollow out Canada’s auto industry.

“Canada has taken advantage of us for so many years. The worst of any country,” Trump said.

Trump says South Korea to invest $200 billion in U.S.– www.cnbc.com

pgnewser October 1, 2026 0

Trump says South Korea to invest $200 billion in U.S.– www.cnbc.com
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The U.S. and South Korea have announced “historic” investments by Seoul into America, with President Donald Trump saying the $200 billion in new investments will help transform his country “for generations.”

South Korean investment include nuclear power plants, a natural gas power facility in Texas and potentially the long-planned Alaska LNG project.

“We are thrilled to announce one of the largest energy infrastructure investments in American history,” Trump said at the White House on Wednesday, adding that South Korea would invest up to $200 billion.

South Korea’s participation in the Alaska LNG project is not yet finalized. The joint statement said that it would be contingent on “commercial reasonableness,” with no details on allocations toward the project.

Trump, however, in a Truth Social post late Wednesday stateside said the countries had agreed to work on the Alaska LNG project, pegging its value at $50 billion.

South Korea has stopped short of committing to that project over questions about its commercial viability. Industry Minister Kim Jung-kwan described it last year as a “high-risk” and said participation would be difficult unless it could generate sufficient cash flow, according to Yonhap News.

Trump renews calls for former Federal Reserve chief Jerome Powell’s resignation– www.france24.com

pgnewser October 1, 2026 0

Trump renews calls for former Federal Reserve chief Jerome Powell’s resignation– www.france24.com
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The Federal Reserve‘s Inspector General on Wednesday said it found no grounds for a criminal referral or evidence of administrative misconduct tied to cost overruns in a US central bank renovation project.

However, its conclusion there was lax oversight drew a fresh call from President Donald Trump for former Federal Reserve chief Jerome Powell‘s resignation.

The Fed watchdog’s report highlighted extensive problems with project oversight that contributed to a roughly $1 billion cost overrun for the renovation of the central bank‘s two historic buildings on the National Mall in Washington.

Trump had latched onto the cost overrun on the project, which now has a price tag of about $2.4 billion, in his effort to engineer Powell’s ouster and gain influence over the direction of monetary policy. Trump also is trying to sack Fed Governor Lisa Cook over alleged wrongdoing in an unrelated matter.

The IG’s report noted that “at no point during our evaluation did we find reasonable grounds to believe that a violation of federal criminal law had occurred requiring a referral to the US attorney general.”

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