Senator Elizabeth Warren has raised concerns about Nvidia's proposed acquisition of Slurm, adding congressional scrutiny to a deal that touches the competitive dynamics of the AI and high-performance computing sector. Warren's objection signals potential legislative or regulatory pressure on a transaction involving one of the most strategically significant chipmakers in the current AI buildout cycle. Antitrust and market concentration concerns have increasingly drawn Senate attention to large technology acquisitions, particularly those involving infrastructure-layer companies like Nvidia. The practical consequence is heightened deal risk: regulatory review timelines could extend, and the acquisition may face additional conditions or opposition if other lawmakers align with Warren's position. Observers should watch whether her concern translates into a formal referral to the FTC or DOJ, or whether it remains a public statement without direct enforcement effect.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
