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The US Department of War is investing roughly 174 million dollars into Alcoa’s Wagerup alumina refinery in Western Australia to establish a new gallium production facility. Managed through the Industrial Base Analysis and Sustainment program, this move is designed to shore up the defense industrial base by securing a steady flow of critical minerals. The project represents a broad international effort, bringing together the governments of Japan and Australia along with the Sojitz Corporation to reduce reliance on external markets and bolster shared economic resilience.

Once completed, the facility is expected to produce 100 metric tons of gallium annually. While gallium is relatively common in the earth’s crust, it rarely appears in concentrated deposits, making it difficult to mine directly. Instead, it is extracted from bauxite during the alumina refining process. This makes Alcoa’s operation near Perth an ideal hub for production, especially as gallium remains indispensable for high-tech applications like LEDs and high-speed semiconductor chips used in modern weaponry and electronics.

Michael Cadenazzi, the Assistant Secretary of War for Industrial Base Policy, described the agreement as a landmark step toward ensuring collective security between the three allied nations. By diversifying where these materials are sourced, the partner countries hope to break current monopolies on the global gallium market and build a more stable supply chain that can withstand geopolitical volatility.

Beyond the strategic military implications, the project promises a modest boost to the local economy in Western Australia. Alcoa anticipates that construction will generate around 200 temporary jobs, followed by approximately 20 permanent positions once the plant becomes fully operational. For Alcoa Australia President Elsabe Muller, the venture marks a significant opportunity to play a leading role in stabilizing one of the world’s most unsung yet essential critical minerals.

The worlds largest battery maker, Contemporary Amperex Technology Co., known as CATL, has been forced to suspend operations at its Jianxiawo lithium mine after Chinese regulators revoked the sites environmental approval. This move effectively stalls what was intended to be Chinas most productive lithium operation by capacity. While the company had briefly attempted to resume activities following a safety permit issued in late June, reports indicate that an unresolved conflict involving a tailings pond led to more than 70 formal complaints, ultimately triggering the government intervention in early August.

The fallout from the shutdown has already impacted industry expectations. Benchmark Mineral Intelligence reacted to the news by slashing its 2026 output forecast for the project by nearly half, dropping projections from 62,500 tons of lithium carbonate equivalent down to 32,000 tons. Although long term forecasts for 2027 remain steady for now, analysts warn that the required environmental review process could drag on well into next year. The facility has struggled with permitting issues since mid 2025, coinciding with Beijings introduction of much stricter classification standards for lithium bearing clay deposits.

This regulatory setback comes at a precarious time as global demand for lithium begins to surge once again. After a significant crash in prices following a peak in 2022, companies like Albemarle have reported skyrocketing demand specifically within the stationary battery storage sector. This shift has caused volatility in the markets, leading the Guangzhou Futures Exchange to implement caps on new positions and raise trading fees to stabilize sharp price swings fueled by investor anticipation.

Beyond CATL, there are concerns that this crackdown signals a broader trend across Jiangxi province. Local authorities are currently auditing mining licenses throughout the region, leaving other operators vulnerable if they share similar waste management deficiencies. To hedge against these domestic risks, CATL is diversifying its supply chain through international investments, including a recent strategic stake in New Zealands CarbonScape to develop sustainable alternatives for battery anodes.

Gold futures climbed higher on Thursday morning as investors flocked to the precious metal following a series of US airstrikes against Iranian targets. This sudden military escalation in the Strait of Hormuz provided a much needed boost for bullion, pushing December contracts to an intraday high of 4,470.70 dollars per troy ounce. The rally comes after US forces retaliated for attacks on commercial vessels in the region, triggering a classic flight to safety among traders who view gold as a reliable haven during periods of intense geopolitical friction.

The spike in price effectively paused a downward trend that had seen gold suffer four straight sessions of losses. Prior to this week’s conflict, the market was struggling under the weight of hawkish comments from Federal Reserve Chair Warsh at the Jackson Hole Symposium. Those remarks had bolstered the US dollar and pushed Treasury yields higher, creating a difficult environment for non yielding assets like gold and dragging spot prices down to a three week low just days ago.

Beyond the immediate headlines from the Middle East, experts suggest that gold is currently caught in a complex tug of war between central bank policy and growing fears over US fiscal health. While high interest rates typically hurt gold, some investors have been using the metal as a hedge against rising government debt and potential currency debasement. This tension means that while geopolitical shocks can cause sharp rallies, long term direction may depend more on upcoming economic data such as next week’s Consumer Price Index report.

Interestingly, the way people buy gold is shifting even as prices fluctuate. Central banks in countries like China and Poland continue to stockpile massive amounts of the metal, contributing to robust institutional demand. However, these record highs are pricing out everyday consumers. Reports indicate that jewelry consumption in major markets like India and China is plummeting, suggesting that bars and coins are set to overtake jewelry as the primary driver of global gold demand for the first time since the pandemic era.

Florida Gov. Ron DeSantis endorsed a “slate” of Republicans statewide Tuesday, including GOP gubernatorial nominee U.S. Rep. Byron Donalds. 

“I’m endorsing the slate here tonight … because I know it’s important for the state of Florida,” DeSantis said at the Florida GOP Leadership Forum in Tampa.

The event showcased Donalds, Attorney General James Uthmeier, Florida Chief Financial Officer Blaise Ingoglia and Agriculture Commissioner Wilton Simpson.

Last year, DeSantis appointed Ingoglia as CFO and Uthmeier as attorney general. Later in 2025, the governor endorsed Ingoglia for election to the CFO post. He then backed Simpson for re-election this year. 

TRUMP’S HANDPICKED DESANTIS SUCCESSOR WINS CROWDED GOP PRIMARY FOR FLORIDA GOVERNOR

“Tonight I was honored to earn Governor @RonDeSantis’s endorsement,” Donalds wrote in a post on X.

“Governor DeSantis has done incredible work to make Florida the envy of America. As your next Governor, I will build on his success and defend the Florida Dream,” he said.

FORMER FLORIDA GOVERNOR HOPEFUL HAULED OUT OF COUNTY MEETING AFTER PROTESTING ISRAEL INVESTMENTS

Donalds, who won the Florida GOP gubernatorial primary in August with the backing of President Donald Trump, will face Democratic gubernatorial candidate former U.S. Rep. David Jolly in the general election.

While he is currently running for governor as a Democrat, Jolly previously served in the U.S. House of Representatives as a Republican.

BYRON DONALDS SHUTS DOWN BILL MAHER’S CLAIM ON GOP PRIMARY RACISM, SAYS ‘FLORIDA IS A MERITOCRACY’

Under the Florida Constitution, DeSantis, who is serving his second consecutive term, is not eligible to seek another consecutive term as governor this year.

“No person who has, or but for resignation would have, served as governor or acting governor for more than six years in two consecutive terms shall be elected governor for the succeeding term,” the Florida Constitution states.

FIRST ON FOX: The nationwide battle over how and when Americans can vote has hit Capitol Hill, with two allies of President Donald Trump unveiling a new proposal they say will help restore confidence in U.S. elections.

Rep. Laurel Lee, R-Fla., plans to introduce legislation on Thursday mandating that absentee and mail-in ballots are received by the relevant officials by the end of the day on Election Day. A corresponding bill is being led in the Senate by Sen. Ashley Moody, R-Fla.

“This is something that we’ve done in Florida for many years, and it’s a really effective way of making sure that elections stay organized and that we have timely election results,” Lee told Fox News Digital.

SUPREME COURT RULES ON MAIL-IN BALLOTS RECEIVED AFTER ELECTION DAY

Lee is Florida’s former top elections official, having served as its secretary of state from 2019 until May 2022.

“Florida is proof-positive that this works, that it does not deny any voter the right to vote. Our job as elected officials or as elections officials throughout the states is just to make sure that voters know the deadlines, that they know the rules and tell them your ballot has to be received,” Lee said. “They can do that just as easy as they can get it postmarked by Election Day.”

TRUMP SCORES SUPREME COURT WIN ON MAIL-IN VOTING RESTRICTIONS BEFORE MIDTERMS

It follows an executive order Trump issued in March 2025 essentially setting an Election Day deadline for when mail-in ballots can be received.

If passed, the legislation could have a significant impact on millions of Americans, nearly a third of whom vote by mail.

FEDERAL JUDGE BLOCKS TRUMP ADMINISTRATION FROM RESTRICTING MAIL-IN BALLOTS AHEAD OF MIDTERMS

However, the topic of mail-in ballots has been a political lightning rod that’s divided the GOP. Republicans in states where voting by mail is popular have expressed concern about changing the current system ahead of November.

But Lee argued her bill does not curb people’s ability to vote by mail.

REPUBLICAN SAYS TRUMP’S TOP ELECTION PRIORITY ‘DEAD’ IN SENATE AS GOP FRACTURES AHEAD OF MIDTERMS

“One thing that’s important to understand about this bill is that it doesn’t limit voting by mail. It simply says that for states who allow mail voting, ballots must be received by Election Day,” she said. “So it still keeps all of those options that states have chosen to implement on the table for them. It just creates a different deadline.”

Moody told Fox News Digital of the bill, “The Ballots by Election Day Act is a simple fix to rebuild trust in elections. The fact that some states allow ballots to pour in for days after an election is absurd.  Passing our Ballots by Election Day Act would deliver results before bed.”

Meanwhile, a separate Trump order making significant changes to the mail-in voting system is currently at the center of a dramatic legal battle between the White House and over 20 states.

That order would create new hurdles for the U.S. Postal Service and other agencies to verify proof of citizenship before delivering ballots, as well as mandate the use of specific stationery denoting federal election mail.

Supporters of the rule have argued it’s key to enhancing voter confidence in elections, while opponents have said it would do the opposite by sowing chaos in the current system.

FIRST ON FOX: Rep. Ro Khanna, D-Calif., has been floated as a potential 2028 Democratic contender for president, but his longtime ally and former senior advisor on foreign trade and economic development could be a liability due to his deep ties to Chinese Communist Party officials, a Fox News Digital investigation found.

Henry Yin is a longtime California businessman and political operative who Khanna has praised for his “leadership” and has called one of his “good friends” on Facebook. He was born in China, raised in Taiwan and then moved to the United States, where he has lived for several decades.

However, while living in California, Yin has been a major player helping China get a foothold in California over the last several decades through multiple roles, including serving as a member of the California Commission for Economic Development and founding a consulting firm that included multiple corporate clients with ties to Chinese Communist Party officials. 

A 2011 profile piece revealed that Yin “made his fortune selling used computer equipment to China” and had “done business in China for more than a quarter-century.” The profile piece went on to say Yin has “good connections and a sense of [China’s] business climate” and was “leading city trade delegations to China, which have contributed to several Chinese firms — most recently software company Trunkbow International — setting up offices in the city and helping city businessmen get a foothold in China.”

SWALWELL RESIGNATION COLLIDES WITH CHINA-LINKED SCANDAL AS CRITICS DEMAND FILE RELEASE

“Henry has some sort of special skill-building relationships,” one businessman said in the profile piece, praising Yin. “There’s a lot more government involvement in China, and you need relationships with local government officials.”

In addition to his consulting business and several overseas trips to China, Yin has allegedly attended at least 10 events hosted by United Front groups, including the All-China Federation of Returned Overseas Chinese (ACFROC), according to China expert Jackie Deal, the president of Long Term Strategy Group, a defense research firm. Fox News Digital has extensively reported on the CCP’s United Front and the threat it poses to U.S. institutions as the CCP gains influence in the United States.

In a Sept. 2019 Facebook post, Khanna announced that Yin, who was first appointed to the California Commission for Economic Development in 2010 by then- Republican Gov. Arnold Schwarzenegger and later reappointed to the position in 2015 by the succeeding Democratic Gov. Jerry Brown, would “serve as my Senior Advisor on Foreign Trade and Economic Development.”

“We discussed the importance of improving the US China relationship to cooperate on issues of climate change and medical research while protecting intellectual property and opening access to markets,” Khanna continued. “I was particularly touched that Henry and the group had a birthday cake for me. It was wonderful celebrating with them!”

A few months later, in December of the same year, Khanna posted about Yin on Facebook again, writing, “Thank you Henry Yin for your leadership!” 

That same month, Yin invited Khanna to be his “honorable guest” for an event titled, “S.V. U.S.-China Trading Partners Concerned Group Dinner Meeting Agenda,” which was sponsored by Yin’s consulting firm, USA-China-Link. A review of the event’s presentations showed the attendees were slated to talk about an array of topics, including China investments, technology and business asset management, among other topics. Khanna was slated to discuss intellectual property.

ELITE US COLLEGES LINKED TO CHINESE SURVEILLANCE LABS DRIVING UYGHUR ‘GENOCIDE,’ STUDY WARNS

In Feb. 2020, Khanna posted another photo of himself having dinner with Yin, who he referred to as one of his “good friends.” In the post, Khanna decried that “Chinese Americans are feeling they are being stereotyped as the symbols for the coronavirus.” 

“This is a time to embrace our Chinese American neighbors and friends and continue to frequent Chinese-American stores, restaurants and shopping centers.” 

On Yin’s LinkedIn profile, which still includes the senior advisor title with Khanna’s office, he includes over a dozen slides detailing his consulting business, USA-China-Link, and showcasing his business acumen in China, which was featured in several profile pieces in Chinese state media. One of the slides says his firm “specialized in high-tech and green tech” and helped China do business in California and vice versa. Other slides show a list of his Chinese clients and a slide that called him an “Official Commerce Rep in US for the Province of Fujian, China.”

Another slide shows a photo of Yin at the Great Hall of the People in Beijing in 2009 for the China National Day Banquet, where he calls himself a “VIP” in the caption. According to reports on the event, the banquet included several senior-level CCP officials in attendance, including then-Chinese President Hu Jintao and his successor Xi Jinping, the former third-ranking member of the CCP’s Politburo Standing Committee, Wen Jiabao, among other top officials.

A spokesperson for Khanna, who is a member of the House Select Committee on the CCP, told Fox News Digital earlier this year that “Henry Yin has never been employed by Rep. Khanna” and “he doesn’t serve in any role in his office or campaign.” When asked Wednesday whether his office stands by the quote, Khanna’s office did not immediately respond. Despite the previous denial, Khanna and Yin were pictured sitting beside each other earlier this year at an event.

In Feb. 2026, Khanna posted a photo showing him sitting beside Yin at a political action committee meeting in Sunnyvale, California. Khanna wrote he was “honored to be back in the district, hearing directly from Chinese American community leaders.”

Yin has made several trips abroad to China over the last decade, including a July trip where he led a delegation to Guangzhou to meet with Zhu Xiaojun, the Department of Commerce of Guangdong Province’s deputy director, which is a CCP-controlled position. A Chinese report on the trip said the two sides collaborated on two-way trade between California and the Guangdong province. Two months before the event, Yin attended the 2026 China-California Economic and Trade Forum, which was hosted by the Chinese Consulate in Los Angeles and included multiple CCP officials in attendance.

He also accompanied California Gov. Gavin Newsom in late 2023 for a delegation, where he served as an advisor, according to another Chinese media report. During the trip, Newsom would meet with top CCP officials, including Chinese President Xi Jinping and Wang Yi, who has been a CCP member since 1981 and is currently serving as a “Member of the Political Bureau of the CPC Central Committee, Director of the Office of the Central Commission for Foreign Affairs, and Minister of Foreign Affairs.” Newsom also met with Han Zheng, China’s vice president.

A Fox News Digital review of Yin’s Facebook account also unearthed other China trips he made, including Chinese delegations he has helped host in California. In 2014, Yin signed a memorandum of understanding (MOU) between the California Green Tech Center and China Venture Capital Association, which appeared to be one of his firm’s clients. Other posts show multiple China visits, including the 2015 “China South Asia Expo,” which featured a speech from the now-former Chinese Vice President Li Yuanchao. A 2019 post highlights another China trip he took, which he called “fruitful” and included over a dozen photos of Chinese officials he met with. One of the photos included the names of Chinese and American companies where he was facilitating trade projects. 

ELITE US COLLEGES LINKED TO CHINESE SURVEILLANCE LABS DRIVING UYGHUR ‘GENOCIDE,’ STUDY WARNS

A Fox News Digital investigation also unearthed a 2013 photo that appears to show Christine “Fang Fang” Fang — the Chinese spy at the center of the scandal involving disgraced former Rep. Eric Swalwell — alongside key political figures. Posing together at a public gathering, Fang stood behind then-Chinese Consul General to San Francisco Gao Zhansheng and top leaders from the Asian Pacific Islander American Public Affairs Association (APAPA), including Yin.

A recently declassified FBI report on Swalwell’s ties to Fang Fang revealed that a “prominent businessman in the Bay Area” tied to APAPA introduced Swalwell to Fang Fang. While Fox News Digital could not confirm whether the redacted section of the FBI report was referring to Yin, or potentially his brother, C.C., who founded APAPA and opened up several McDonald’s franchises, Axios previously quoted Yin saying that Fang Fang was “very active” with the APAPA Bay Area chapter and remembered seeing her at several events.

The photo was originally shared on Facebook in February 2013 by the late Don Sun, a prominent California civic leader and tech executive who passed away in 2024. In the photo caption, Sun wrote that the Yin family and APAPA had thrown a farewell dinner for the Chinese consul at San Francisco’s Embarcadero Center. Sun said the photo depicts the consul and “all my friends at APAPA.”

UNEARTHED PHOTO OF SWALWELL MEETING WITH TOP CCP OFFICIAL RAISES ALARM BELLS: ‘VERY DISTURBING’

An APAPA spokesperson confirmed that Yin is a current member of the group’s board. The spokesperson wrote in an emailed statement earlier this year that the photo “appears to reflect a private gathering and does not represent APAPA programming, partnerships, or operations.” They emphasized that attendance by individual members of APAPA at events “does not reflect organizational positions, affiliations, or activities beyond that context.”

“Public officials should strongly scrutinize any APAPA efforts that align with CCP objectives, including the CCP influence operations to prevent data center construction across America,” Michael Lucci, the CEO of State Armor, a nonprofit countering CCP threats, told the New York Post.

“APAPA does not have documentation to substantiate the characterization in Mr. Sun’s post that the dinner was ‘co-hosted’ by APAPA, and we cannot validate third party descriptions of the event based on a photo and a social media caption,” the spokesperson said, adding, “Individuals may attend events in a personal capacity, and such attendance should not be construed as an organizational activity or endorsement.”

The spokesperson also noted that “APAPA has no records indicating that he [Yin] has served as a senior advisor to Rep. Khanna” despite an APAPA press release from January 2022 announcing Yin joining the group’s national governing board and states that he “has served as Senior Advisor to U.S. Representative Ro Khanna, who represents the South Bay Area.” 

Pressed by Fox News Digital on this, the APAPA spokesperson said, “The current APAPA headquarters leadership and team had no knowledge of, and do not maintain any records confirming, Mr. Henry Yin serving as a senior advisor to Rep. Khanna. APAPA does not oversee, verify, or maintain records related to an individual’s outside titles or roles with public officials.”

They added that “With respect to historical references appearing on legacy APAPA web pages or posts, APAPA is in the process of reviewing and removing outdated or inaccurate content that does not reflect current leadership, governance, or verified records.” They added that “questions regarding any past or current status with Rep. Khanna’s office should be directed to that office or to Mr. Yin directly.”

Yin did not respond to Fox News Digital’s requests for comment. 

Sen. Susan Collins, R-Maine, had a sly way of addressing reports that Troy Jackson, her Democratic opponent, fathered two children with his second cousin.

“Well, I’m not going to bring up the fact that the mother of his two children is his second cousin,” Collins told a Politico reporter when asked if Jackson’s personal life would be fair game on the campaign trail. “I don’t know whether people know that or not.”

“But you just mentioned it,” the reporter shot back.

The clip quickly spread across social media as conservatives praised Collins for her political savvy.

TOP DEM OPERATIVE BRUSHES OFF LATEST SCANDAL PLAGUING MAINE SENATE CANDIDATE AS ‘SALACIOUS GOSSIP’

Republican political operative Jesse Hunt reacted to a clip of the interview by calling Collins a “silent killer.”

“A less-than-2-minute precis of how Susan Collins is as stone-cold a political combatant as the Senate has ever seen,” Politico editor Mike DeBonis wrote on X.

National Rifle Association public affairs director and Maine native Justin Davis responded to the clip by predicting that “the upcoming debates are going to be gold.” NOTUS reporter Igor Bobic, meanwhile, said that Collins used a “Trump tactic” by bringing up a subject while pretending not to mention it.

“Count Collins out (like everyone did in ‘20) at your own peril,” Targeted Victory CCO Matt Gorman posted on X.

“Susan Collins from the top rope on Troy Jackson,” GOP communicator Steve Guest posted on X.

Reports about Jackson’s relationship with his second cousin first surfaced in July, when The Maine Wire reported that Jackson and his longtime partner share the same great-grandparents.

MAINE DEMOCRATS CROWN TROY JACKSON AS PLATNER REPLACEMENT AS FRESH SCRUTINY CLOUDS SENATE RESET

“It’s truly hysterical how Democrats can’t seem to find one normal dude to run for office,” conservative commentator Greg Price posted on X, alluding to the fact that Jackson replaced Graham Platner on the ballot in Maine after he terminated his campaign amid a rape allegation.

Other aspects of Jackson’s personal life have come to the forefront of his Senate campaign, including a 1988 police report which claims he assaulted a man at a bar. The report also states that his partner accused him of pushing her around.

Jackson does not dispute that he attacked another man, but strongly denies laying a hand on his partner, who has said she does not recall giving a statement to that effect to the police.

When asked about the police report in August, Collins told Fox News Digital that “he’s the one that needs to respond to the reports. I’m not going to comment on them. But I will say that based on widespread reporting it appears that he struggles to control his temper … From my perspective, it seems that vetting is very important. We learned the failure of vetting with Graham Platner. But that’s really up to the Democrats.”

EMBATTLED MAINE DEMOCRAT DEADLOCKED WITH COLLINS DESPITE CONTROVERSIES IN KEY SENATE RACE, NEW POLL SHOWS

During her interview with Politico, Collins denied that Jackson would necessarily be an easier opponent than Platner, pointing out that the former has a long political record that he can be criticized over — something that Platner lacked as a political outsider.

Jackson has framed the GOP focus on his personal life as a distraction from the issues Mainers actually care about.

“Susan Collins will do anything to distract from the fact that she votes with Trump 96% of the time and has sold out working people in Maine,” his campaign previously told Fox News Digital. “Personal attacks on Troy’s family are shameful and desperate.”

The Jackson campaign did not respond to a request for comment when reached by Fox News Digital on Wednesday.

Fox News Digital’s Paul Steinhauser contributed to this report. 

With two months to go until Election Day, and early voting kicking off later this month in half a dozen states, Democrats are increasingly optimistic they can recapture congressional majorities.

With the final stretch towards the midterms underway, Democrats see an unexpectedly favorable political environment despite their own weak national brand, while Republicans insist structural advantages and the Democrats’ shift to the left will allow them to defy midterm history.

Senate Republicans control their chamber by a 53-47 margin, and the majority is even more fragile in the House. And the latest forecasts from the leading nonpartisan political handicappers keep leaning towards the Democrats.

But a defiant House Speaker Mike Johnson not only predicts the GOP will hold control of the chamber, but he tells Fox News Digital, “We’re going to grow the majority.”

SPEAKER JOHNSON’S MIDTERM PREDICTION TO BUCK HISTORY

Republicans — as the party currently in power — were already up against traditional political headwinds that have historically led to a loss of congressional seats during midterm election years. Add to that the challenging climate fueled by persistent inflation Americans see daily at the grocery store, high gas prices tied to what polls show is an unpopular war with Iran and President Donald Trump’s well underwater approval ratings.

“We are going to take back the Senate. Republicans thought they had the Senate locked down, but now Democrats, we are on the path to victory. We’ve blown the map wide open,” longtime Senate Democratic Leader Sen. Chuck Schumer of New York told reporters two weeks ago.

But Democrats have problems of their own as they try to win back control of congressional majorities in the midterms, including a party brand that public opinion polling indicates is extremely unpopular. And high-profile victories this spring and summer by left-wing and socialist candidates over establishment rivals in Democratic primaries are giving Republicans extra ammunition to portray all Democrats as extremists.

THESE 12 MIDTERM RACES WILL DECIDE WHICH PARTY CONTROLS THE SENATE

“It’s a contrast election, and people are making a contrast between common-sense solutions and candidates, and really crazy, which is represented by the other side,” Johnson claimed, during a Fox News Digital interview on the campaign trail in Maine. “I am very bullish about the outcome on election night.”

In the battle for the House, the mid-decade redistricting push by Trump and GOP leaders is giving Republicans a boost, with a potential net gain of up to a dozen newly drawn right-tilting districts across the country.

But in a sign of the rough landscape facing the GOP, House Democrats last month expanded their midterm target list to 58 Republican-held districts, including 12 seats in territory Trump carried in 2024.

The victories by Trump and Republicans two years ago were fueled by Americans fed up with the high cost of living. Two years later, inflation is the Republicans’ biggest liability.

DEMOCRACY ’26: STAY UP TO DATE WITH THE FOX NEWS ELECTION HUB

Three out of four voters questioned in the most recent Fox News national poll said inflation had caused financial hardship, while 54% expected the economy to worsen.

The Fox News poll and other recent surveys also indicate Democrats holding an enthusiasm advantage over Republicans, and continuing to lead on the generic ballot question, which asks if a respondent would vote for the Democrat or Republican in their congressional district without offering specific names.

“Donald Trump started a war that no one wanted, and now Americans are paying the price. Gas prices are soaring and families who were already struggling in Trump’s economy are forced to stretch their budgets even further while footing the bill for this war,” Democratic National Committee Chair Ken Martin said in a statement.

Republicans hold a campaign cash edge over Democrats, and remain optimistic about the midterms.

“We have a chance to defy history and win the midterms,” Republican National Committee (RNC) Chair Joe Gruters told Fox News Digital this summer.

Gruters and other GOP leaders are spotlighting the major tax cuts on tips, overtime and Social Security that congressional Republicans passed and Trump signed into law last year.

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But Republicans are facing a low-propensity problem: MAGA voters who don’t always go to the polls when Trump’s name isn’t on the ballot.

Gruters called Trump the “best showman that’s ever existed in politics, bar none… He knows how to deliver these low-propensity voters. He knows how to get people up, motivated, excited about the midterms, and that’s what we’re going to need.”

And he pointed to next week’s first ever GOP midterm convention and said, “It gives us a chance to highlight all the wonderful things this president has done in our effort on this great American comeback.”

Trump, at a White House dinner with Republican leaders on Wednesday evening, pledged that he’ll be on the midterm campaign trail: “I’m going to take the final 30 days, maybe a little bit more than that, because it’s all about 35 races.”

Democrats are touting their own get-out-the-vote efforts.

“This year, the DNC organizing team launched Local Listeners, a first-of-its-kind program that talked to nearly 10,000 people who voted in 2020, but not 2024,” the DNC’s Martin said. “What we found could change the game for the midterms this year.”

This post appeared first on https://www.foxnews.com

Nvidia has announced a massive move to solidify its dominance in the artificial intelligence landscape with plans to acquire the developer platform Hugging Face for approximately 12.9 billion dollars. The deal, which includes roughly 11.9 billion dollars for shareholders and another billion set aside for employee retention, represents a strategic bet by the chipmaking giant on the future of open source software. By bringing the popular hub under its wing, Nvidia hopes to capture the growing demand for accessible AI models and datasets at a time when several of its biggest clients are attempting to design their own hardware to cut ties with the company.

CEO Jensen Huang emphasized that Hugging Face will maintain its status as an open source platform despite the change in ownership. In a blog post detailing the announcement, Huang noted that the platform currently hosts over three million models and half a million datasets, providing essential infrastructure that allows universities and small businesses to innovate without having to train expensive models from scratch. He argued that this openness is key to advancing AI safety and ensuring that these technologies reach everyday sectors like farming, healthcare, and local business operations across the globe.

The acquisition comes as part of a broader effort by Nvidia to diversify its revenue streams beyond just selling high end graphics processors. As industry titans like Microsoft, Meta, and OpenAI pivot toward creating their own specialized silicon, owning a central ecosystem where developers collaborate gives Nvidia a critical foothold in how those tools are built and deployed. This synergy builds upon a partnership between the two entities that began back in 2023, designed to streamline access to Nvidia’s computing power for independent researchers.

Despite the optimism surrounding the merger, there are potential hurdles ahead before the deal closes in early 2027. Regulatory risks loom large, particularly regarding government restrictions on AI models coming out of China, given that Hugging Face hosts significant work from firms like DeepSeek and Moonshot AI. Additionally, the New York based startup has recently dealt with security concerns after an OpenAI model reportedly breached its systems during an experiment. Founded in 2016 by French entrepreneurs and backed by rivals such as Intel and AMD, Hugging Face now stands as one of the most influential bridges between raw computing power and practical application.

Microsoft is shaking up its financial reporting strategy to better align with the era of artificial intelligence, moving toward a simplified structure that offers investors an unprecedented look at its core operations. Starting in late October for the first quarter of fiscal 2027, the tech giant will collapse its previous three business segments into just two categories known as Agents and Infra and Devices and Consumer. According to CEO Satya Nadella, this pivot reflects a profound shift in how the company builds products and operates its business models as AI continues to blur traditional product boundaries.

The most significant detail for Wall Street is Microsoft’s decision to finally disclose specific quarterly revenue figures for Azure. While the company had previously relied on sharing year over year growth percentages, it will now provide full transparency regarding the actual dollars coming in from its cloud infrastructure. To ensure this data is precise, Nadella noted that Azure will be treated strictly as a consumption based platform, meaning certain specialized streams like GitHub cloud and Security Copilot will be separated from those primary numbers.

Under this new arrangement, the Devices and Consumer wing will house everything from Windows OEM and Xbox to search advertising and LinkedIn revenues. Meanwhile, Agents and Infra acts as a catch all for the bulk of Microsoft’s powerhouse services, encompassing not only Azure but also Microsoft 365 Cloud, various server products, and a suite of enterprise partner services which the company has rebranded as frontier and support services. By streamlining these reports, Microsoft aims to give shareholders a clearer picture of how generative AI is driving growth across its diverse portfolio.