GOP furor over Trump’s ‘anti-weaponization’ fund sinks Senate budget reconciliation bill

Senate Republicans criticized Acting Attorney General Todd Blanch on Thursday over the Trump administration’s proposal to establish a $1.8 billion fund to compensate MAGA associates prosecuted by the Justice Department and made it clear that a budget reconciliation bill to fund immigration enforcement will not move forward until their concerns are addressed. GOP senators put…

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China AI supplier Zhongji Innolight Hong Kong debut

The Zhongji Innolight logo is displayed on the screen of a tablet computer. Sopa Images | Lightrocket | Getty Images Shares of Zhongji Innolight fell 5% on Thursday after the Chinese optical transceiver maker made its trading debut on the Hong Kong Stock Exchange. The company raised HK$53.4 billion ($6.8 billion) after pricing its initial…

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Nikkei 225, Nifty 50, Kospi

People crossing the street in Shibuya, Tokyo. Maydays | Moment | Getty Images Asia-Pacific markets fell Wednesday, tracking Wall Street declines after U.S. Federal Reserve Chair Jerome Powell said that “equity prices are fairly highly valued.” Powell also signaled that the rate-cutting path wasn’t clear and that the central bank faces a “challenging situation.” Australia’s…

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