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US Navy destroyers defended against Iranian missile and drone strikes while escorting commercial vessels through the Strait of Hormuz.
May 5, 2026
Defense Secretary Pete Hegseth characterized recent US Navy actions in the Strait of Hormuz as defensive amid escalating tensions with Iran.
The Trump administration reverses course on AI deregulation, proposing federal oversight for advanced AI models amid growing cybersecurity concerns.
Supermicro Computer Inc. is under investigation following allegations that its co-founder smuggled $2.5 billion in Nvidia-chipped servers to China.
The U.S. engaged Iranian forces in the Strait of Hormuz, sinking six Iranian boats and raising concerns of renewed conflict.
President Trump vows to discuss the detention of Hong Kong media tycoon Jimmy Lai with Chinese leader Xi Jinping during their summit in Beijing.
Goldman Sachs reports AI is contributing to inflation through higher computer part costs, software upcharges, and surging electricity bills.
Democrats push for suspension of federal gas taxes as prices climb, though experts warn of highway funding shortfalls and limited consumer relief.
Australia moves closer to a security and economic agreement with Fiji as China's influence disrupts a separate deal with Vanuatu.
The US claims to have destroyed six Iranian military boats in the Strait of Hormuz, escalating tensions in the region.
Taiwan is building informal connections with Ukraine, focusing on drone warfare expertise and private-sector-led initiatives.
President Trump pledges military response if Iran targets US ships in the Strait of Hormuz.