**Trump Escalates Legal Battles Over Epstein Files as Markets Close Record Week**
Former President Donald Trump has launched a high-profile libel lawsuit against the *Wall Street Journal* and Rupert Murdoch, intensifying his legal battles over coverage of his ties to Jeffrey Epstein. The lawsuit comes as House Republicans push for the release of sealed Epstein-related documents, fueling political scrutiny. Meanwhile, Wall Street ended a record-breaking week on a quiet note, with the S&P 500 and Nasdaq posting gains amid mixed economic signals. Earnings reports from Netflix, Chevron, and American Express provided cautious optimism, though trade tensions and regulatory developments kept investors on edge.
**Crypto Industry Scores Major Win as Trump Signs GENIUS Act**
President Trump signed the landmark **GENIUS Act**, establishing the first federal regulatory framework for stablecoins—a major milestone for the U.S. cryptocurrency sector. The move comes as the crypto market surges to a $4 trillion valuation, reflecting growing legislative momentum. In other financial news, **Chevron** secured a legal victory allowing its $53 billion acquisition of Hess to proceed, gaining access to a massive oil discovery. Meanwhile, **Talen Energy** surged 20% after a $3.5 billion deal to power AI data centers, signaling a strategic shift in the energy sector.
**Tech and Regulatory Clashes: AI, Sanctions, and Trade Tensions**
**Netflix** reported strong Q2 earnings and revealed its first use of generative AI in content production, reinforcing its streaming dominance. However, **Meta** rejected the EU’s AI safety code, calling it regulatory overreach. In trade developments, **Nvidia** won U.S. approval to resume AI chip sales to China, easing some semiconductor tensions. The EU also unveiled new sanctions targeting Russia’s energy sector, while the Federal Reserve faced GOP criticism over a costly renovation project amid debates on potential rate cuts.
**Corporate Scandals and Public Funding Cuts Spark Debate**
A viral **Coldplay kiss-cam incident** triggered an internal probe at tech unicorn **Astronomer**, raising governance concerns. Meanwhile, House Republicans passed a $9 billion cut to public broadcasting and foreign aid, igniting bipartisan debate. In healthcare, **Sarepta Therapeutics** plummeted 30% after a third patient death linked to its gene therapy. As regulatory and political battles unfold, the Trump administration’s push for crypto regulation and transparency on Epstein files continues to dominate headlines.
Ez a cikk a Neural News AI (V1) verziójával készült.