The Trump administration's unconventional approach to trade policy continues to make headlines, with recent developments including proposed tariffs on Brazil, escalating tensions with Iran, and questionable comments about Canada ahead of trade talks. Meanwhile, President Trump's influence on the GOP remains strong despite declining approval ratings, according to a new national survey, as his administration faces scrutiny over its handling of tariffs and trade negotiations.

Anthropic's AI model, Mythos, is gaining widespread adoption with over 150 additional organizations in 15 countries now having access, including critical infrastructure operators and South Korea. Meanwhile, the AI industry is poised for significant growth, with impending IPOs expected to have a substantial impact on San Francisco, while regulatory efforts, such as Trump's Executive Order on AI oversight, aim to mitigate potential risks.

The US Commerce Department has acknowledged its inability to effectively enforce export controls on AI technology to China, highlighting a significant lapse in national security. A recent report has further exposed this vulnerability, alleging that China's military has acquired restricted Nvidia chips, underscoring the challenges in preventing sensitive technology from falling into the wrong hands.

Global markets are experiencing a strong rally, with the S&P 500 rising at a historic pace and stocks like Cisco and Caterpillar soaring, but investors are also bracing for a potential crash. Meanwhile, Bitcoin is slumping and some analysts are warning of a potential downturn, with the S&P 500's rapid ascent drawing comparisons to past market peaks that ended in crashes.

Tensions between China and its major trading partners are escalating, with the EU bracing for a potential trade fight and the US considering tariff cuts under a proposed US-China Board of Trade. Meanwhile, China's growing demand for AI chips is creating opportunities for countries like South Korea, even as the EU and US seek to take a tougher stance on trade with China.

Global oil stocks are poised to hit historical lows ahead of the summer peak, driven by supply concerns and geopolitical tensions, including new Iran attacks that have lifted oil prices. Despite some volatility, with energy stocks slipping as oil prices eased at times, the overall trend has been upward, with oil prices rising on concerns over Iran peace and stocks building on a tech rally.

Apple has launched its new M5 MacBook Air, available for pre-order starting at $1,099, as the company continues to expand its lineup of Apple Silicon-powered devices. Meanwhile, the tech giant faces growing competition from Microsoft's Surface Laptop Ultra, while its own MacBook Neo has seen a significant sales boost, outshipping the M5 MacBook Air by 22%.