Commerce Department quietly announces 7 new equity stakes in private companies

The Department of Commerce quietly announced this week it will designate more than $870 million in federal incentives for semiconductor manufacturing in exchange for a minority equity stake in seven companies.

In a blog post Wednesday, the National Institute of Standards and Technology (NIST) said Commerce’s CHIPS Research and Development Office signed letters of intent with seven companies to provide a combined $874 million in federal funding under the landmark CHIPS and Science Act.

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NEWS THIS AFTERNOON

Yuki Iwamura, Associated Press

Markets whipsaw as Trump, Fed face new inflation risks

Financial markets are uneasy as President Trump and Federal Reserve Chair Kevin Warsh face rising inflation risks driven by the war in Iran.

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Zelensky didn’t raise Russia’s help for Iran in Trump meeting

Ukrainian President Volodymyr Zelensky did not share with President Trump evidence that Russia is aiding Iran in its attacks against U.S. troops when the two met earlier this week, Ukraine’s envoy to the U.S. told reporters Thursday.

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Live updates: Trump suggests he may pull Blanche nomination with it in Senate limbo

President Trump on Thursday suggested he may withdraw his nomination of acting Attorney General Todd Blanche to the permanent role, with opposition keeping it from advancing out of a Senate committee.

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Paul, Trump forge unlikely alliance, mending strained relationship

Sen. Rand Paul (R-Ky.) has emerged as an unlikely ally for President Trump in the Senate as Trump’s relationship with Republican leadership becomes increasingly strained.

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IN OTHER NEWS

Natasha Kaiser

Trump floats pulling Blanche nomination to circumvent Cornyn, Tillis

President Trump on Thursday floated the possibility of temporarily pulling Todd Blanche’s nomination to serve as attorney general to circumvent the opposition of Sens. John Cornyn (R-Texas) and Thom Tillis (R-N.C.) and then resubmitting Blanche’s name after Cornyn and Tillis leave Congress.

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Schumer urges Fetterman not to leave Senate Democratic caucus

Senate Democratic Leader Chuck Schumer (N.Y.) on Wednesday urged Sen. John Fetterman (D-Pa.) to stay in the Senate Democratic Conference and praised him as a “very good” member of Congress, despite growing tensions between Fetterman and the progressive Democratic base.

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El-Sayed leads Stevens by 15 points in Michigan Senate primary: Poll

Progressive Abdul El-Sayed is leading Rep. Haley Stevens (D-Mich.) by 15 points ahead of next week’s Democratic primary for Michigan’s open Senate seat, according to a new poll.

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Ossoff reelection bid, 5 House seats move toward Democrats: Sabato’s Crystal Ball

A leading election handicapper has revised its projections for several major congressional races, including Democratic Georgia Sen. Jon Ossoff’s reelection bid and five House races that it now considers toss-ups.

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