- Banks in the US have been reversing decisions made during the Biden administration and reinvesting in fossil fuels. Notably, this is disproportionately an American trend; most of the banks offering financing in this sector are US-based, suggesting that these moves may be motivated by other considerations than the objective quality of those investments. Perhaps the fact that states like West Virginia and Texas are actively punishing institutions for divesting from the sector has something to do with it.
- The Trump regime's "One Big Beautiful Bill" includes a provision that charges a tax on investment income paid to residents of countries that the US considers to have "unfair or discriminatory" taxes, such as Canada's digital services tax. Of course, this has the potential to cause investors from such countries to invest elsewhere, potentially driving millions in investments out of the US.
- The proposal to put a build a migrant detention centre in the Everglades, dubbed "Alligator Alcatraz", is going ahead; construction on the facility has begun at an old airport despite concerns from environmentalists as well as human rights activists.
- Hedge funds are buying subrogation claims from insurers, often at steep discounts, in the hope of profiting in the event that the fires are deemed to have been caused by Southern California Edison's equipment. California has a fund in place to pay out such claims and protect utilities from bankruptcy; essentially the state is getting all the downsides of public ownership with none of the upsides.
- Geoffrey Hinton, a Canadian AI researcher who won the Nobel Prize in physics for work on neural networks, is warning that Canada needs to regulate the technology more stringently. He will be meeting with AI and digital innovation minister Evan Solomon to discuss the matter but there is a lot of resistance to the idea, and Solomon himself has said that he has no plans to reintroduce legislation that died on the order paper when the last election was called.
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