DAILY SCOOP : NEWS SNIPPETS THAT MATTER
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Oil prices surged to around $100 a barrel. The price of Brent crude, the global oil benchmark, has surged almost 30 percent since the U.S. and Israel began attacks on Iran. Defense Secretary Pete Hegseth said on Friday that disruptions in the Strait of Hormuz, through which one-fifth of the world’s oil travels, were “something we are dealing with.” In an effort to curb prices, the U.S. on Thursday temporarily lifted sanctions on Russian oil currently at sea.
Microsoft backs Anthropic in its fight with the Trump administration. Microsoft, one of the largest government contractors, filed a court brief on Tuesday supporting Anthropic’s lawsuit against the Pentagon. It urged a federal court to temporarily block the designation of its partner A.I. company as a supply chain risk.
A funding standoff for the Department of Homeland Security continues. Funding for the agency was paused after Democrats refused to back money for the Department of Homeland Security without new restrictions on federal immigration officers. The freeze enters its second month this weekend after new legislation to fund the agency failed on Thursday. Officials have warned of disruptions to air travel as airport security workers miss paychecks.
Other big deals: Honda scrapped its electric vehicle plans. Meta delayed the release of its new A.I. models. Wall Street bankers were offered lucrative access to join the Pentagon. And the maker of the David bar faces a lawsuit over its calorie count.
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