CNBC’s The China Connection newsletter: Beijing can’t afford another crackdown on its tech companies
China’s latest policy meetings underscored the importance of domestic tech innovation to national growth.
Anduril expands into space as defense tech angles to support Trump’s Golden Dome
Anduril, founded by Oculus creator Palmer Luckey, is positioning itself to be a key player in President Trump’s “Golden Dome” project.
U.S. forces sink 16 Iranian minelayers as reports say Tehran is mining the Strait of Hormuz
U.S. President Trump warned of “military consequences … at a level never seen before” if mines were not removed.
Trump says U.S. will build first refinery in 50 years with investment from India’s Reliance Industries
U.S. President said India’s largest private energy company Reliance Industries is investing in a $300-billion refinery project in Texas.
CNBC Daily Open: Traders on edge despite reserve hopes
Oil closed more than 11% lower, signaling that traders are betting the war won’t last long and the Strait of Hormuz will be reopened.
AI chipmaker Cerebras namedropped by Oracle, alongside Nvidia and AMD
A Cerebras deal from one of the world’s top cloud providers could be a big boon for a company that’s trying to hit the public market.
Asia-Pacific markets mostly higher as investors weigh developments in the Middle East
Asia-Pacific markets traded mostly higher on Wednesday as investors assessed the ongoing Middle East war.
Meta gets into social networks for AI agents with acquisition of viral Moltbook platform
Moltbook was built for OpenClaw agents, and OpenClaw’s founder, Peter Steinberger, was hired by OpenAI.
Russia told Trump it has not shared intelligence with Iran during war, Witkoff says
U.S. officials have said Russia has given Iran information that could help its forces strike U.S. military assets in the Middle East, MS Now has reported.
IEA countries to meet later Tuesday on release of oil reserves, but no decision made yet
The IEA’s members are advanced economies in North America, Europe and Northeast Asia. They collectively hold about 1.2 billion barrels of oil in reserve.
