Stories from Washington · United States

Perfectus Aluminum Inc. and related companies have agreed to pay $549.5 million to settle allegations under the False Claims Act. The settlement resolves claims that the companies evaded customs duties. The settlement details were not immediately available.

The United States has warned that China is developing mini nuclear weapons. This warning was issued regarding Beijing. This development raises geopolitical concerns regarding nuclear proliferation and strategic balance. The exact capabilities and timeline for these weapons remain unclear. Further details on the nature and scale of these weapons were not immediately provided. This development was reported by multiple sources, indicating a shift in China's nuclear capabilities. Administration officials stated China agreed to buy more American goods following a summit with Xi Jinping.

Fannie Mae and Freddie Mac are reportedly becoming more receptive to cryptocurrency in the mortgage market.

President Trump thanked former Health Secretary Alex Azar for his service in a post on Truth Social.

The U.S. Food and Drug Administration (FDA) has approved a new gene therapy. This therapy, which uses a specific method, is seen as a potential first step by medical professionals.

Donald Trump commented on the K-shaped economy, noting that many businesses target luxury markets.

A woman is cutting expenses, including car costs, and cannot afford to visit her sick mother in Southern California. Her mother is ill with cancer.

US utility companies have been advised to enhance their cybersecurity measures in response to ongoing global tensions. The US Treasury has shared intelligence on cryptocurrency cybersecurity. The US Treasury is providing cybersecurity intelligence to the digital assets industry.

The US Treasury Department has launched a cybersecurity information-sharing initiative specifically for the digital asset industry. TekStream also received four industry awards for its cybersecurity work. This program aims to provide the crypto sector with intelligence at no cost. This program aims to enhance security and collaboration among entities dealing with digital assets. The US Treasury has shared intelligence related to cybersecurity in the cryptocurrency space. This program aims to improve the security posture of companies operating in the cryptocurrency and blockchain sectors. The Nigerian National Information Technology Development Agency (NITDA) and the Corporate Affairs Commission (CAC) are collaborating to enhance cybersecurity measures for digital assets. This push aims to secure the growing digital economy.

President Trump received a partisan grilling regarding the rising costs of the Iran war and his endgame strategy in the Middle East. The discussions also touched upon America's role as an ally and protector of Taiwan. The grilling is taking place in Congress.