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Trump claims Iran has assured U.S. there won’t be tolls on the Strait of Hormuz
There will be no tolls, insurance costs, or charges of any kind for ships looking to pass through the Strait of Hormuz, Trump said.
Chief of staff to former NYC Mayor Eric Adams arrested in federal bribery probe, AP source says
A chief of staff to former New York City Mayor Eric Adams and several other people have been arrested as part of an investigation into an alleged bribery scheme.
U.S. Treasury will oversee frozen Iranian funds when they’re released, Bessent says
Treasury Secretary Scott Bessent said once Iranian frozen assets are released, they will be overseen by Treasury and routed largely to U.S. agriculture, medicines.
Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year
EV startup Slate Auto CEO Peter Faricy told CNBC that every vehicle the company produces will be gross margin positive.
Democrats see midterm hope in reliably red Iowa as Trump approval ratings sag
The path back to a House majority could run through states such as Iowa, where Democrats in recent elections have struggled to win over rural voters.
Tech companies would have to pay AI data center energy costs under bill moving in Congress
A House subcommittee may advance legislation Wednesday to make tech companies pay the energy costs for operating data centers to power AI.
Ukraine is raising the cost of war for Russia — and testing Putin’s resolve
A string of political victories and deep-strike successes has bolstered confidence in Ukraine amid its long-running war with Russia.
Three New York Democrats backed by Mamdani win House seat primaries; 2 incumbents lose
Two candidates backed by the Democratic Socialist of America won their primaries, a year after the DSA-backed Zohran Mamdani won New York mayor’s race.
House expected to pass affordable housing bill, send it to Trump’s desk
The House on Tuesday could give final passage to a bill aimed at lowering costs for homebuyers and reining in private equity.
FedEx posts strong earnings results in last quarter with freight business
FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company’s last quarter that included the freight business before its spin-off.