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Nvidia, an industry leader in computer chips and artificial intelligence development, was granted licenses to ship H20 chips to China. The company has been in an uncomfortable limbo during ongoing US and China trade negotiations- their powerful developments have made their licenses very lucrative leverage for trade talks. While national security concerns still loom with exporting the technology greenlighted, Nvidia hopes to tap into the rich innovation research climate in China to continue their upward momentum. 

The MAGA world is experiencing turbulence from multiple angles this week. At the top of headlines are the Jeffery Epstein files. Attorney General Pam Bondi effectively curved her promise to deliver proof of the long-held party conspiracy of a government coverup. This has enraged many vocal MAGA supporters, and many are calling for the AG to step down. President Trump spent time with Bondi over the weekend at the FIFA World Cup, seemingly squashing any rumors that she is hot water with the White House. As for foreign relations, Trump has ignited a new feud with Russian President Vladimir Putin. This marks a swift departure from Trump's previous compliments to the Russian President. A new batch of patriot missiles are on their way to aid Ukraine against Russia with President's prominent support tacked on. The change up has Trump's supporters confused and upset, further dividing the usually loyal party. 

The state of Wall Street and US finance are confusing everyone. The US dollar is posting the worst half-year performance since the Nixion administration in 1973. This means that the currency has lost buying power by at least 10% since the beginning of the year, according to the NYT. While American travelers abroad are upset, American businesses might not be. Many can shift practices to enjoy the lower dollar through exports and avoiding tricky tariff negotiations, so no widespread panic yet. Speaking of tariffs, Wall Street is remaining surprisingly steady despite the volatility from tariff negotiations. Nearly every day since April, the Administration has tacked on a different tariff threat against hundreds of trading countries. However, it seems that with The Fed announcing that they will not be responding by moving interest rates and the frequent backdowns by Trump, American companies are choosing to continue pushing forward regardless.

Could Texas get more red? Well Trump and Gov. Greg Abbott sure hope so. Redistricting has been a hot topic in states where Republicans are hoping to gain a steadier hold of Congressional seats, such as New Jersey and Texas. In recent polls, republicans are looking at a potential minimum loss of 7 points going into midterm season. So naturally, the race is on to secure at least five new seats for the GOP to remain in the Majority. Courts across the country are weighing in and the outcome will shape the remainder of the Trump presidency.

The Supreme Court ruled that the Trump Administration can continue with the dismantling of the Department of Education, marking the next set of federal job cuts. Major cuts have been made or in the talks at key agencies such as the State Department, FBI, and Government Accountability Office (GAO). In other ways, many officials in the Department of Justice are leaving due to their inability to break the law, which they feel is soon going to be expected of them. Department of Education Secretary Linda McMahon will now work to effectively dismantle the department and transfer critical responsibilities to other agencies. 

What do the Pentagon's budget, and three cryptocurrency bills have in common? They aren't getting airtime in the House that's what. 12 conservative House Republicans squashed the needed majority to allow debate on upcoming legislation, a departure from the wishes of Speaker Mike Johnson. The Speaker quickly recovered saying the procedural vote was knocked down to allow for an omnibus version to be presented.