School officials reportedly contacted child services 13 times over two years before Rebekah Baptiste’s death.
Day: August 12, 2025
Under the global exclusive license deal, Kumquat will be responsible for the Phase 1a study of its inhibitor and Bayer will take the drug to market.
The Canadian military told Newsweek it will continue to actively monitor vessels that continue to operate near its territorial waters.
Bourses in Australia and Japan hit record highs as hopes grow of trade deal within latest 90-day pause
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- Nvidia and AMD are expected to fork out 15% of their China chip sales revenues to the US government.
- Mark Cuban said President Donald Trump deserves credit for the move.
- “That is the ULTIMATE wealth tax,” Cuban said.
Mark Cuban said on Monday that it’s a good move to have Nvidia and AMD pay the US government 15% of their China chip sales revenues.
“This is a ‘billionaire’s tax’ structured as a royalty or sales tax on semiconductors from the most valuable company in the world, sold to China,” Cuban wrote on X, after the Financial Times first reported that President Donald Trump had imposed the requirement on the two chipmakers.
Cuban — who spent the 2024 election campaigning for Vice President Kamala Harris — said Trump deserves praise if the government does get a cut from Nvidia and AMD’s China chip sales.
“Everyone knows how I feel about POTUS, but he doesn’t get everything wrong,” Cuban said on Monday, referencing his past criticisms of Trump’s tariff policies.
“Will this make up for the explosion of the deficits we face? Not as it stands now. Not close. But give him credit for knowing how those CEOs approach problems and opportunities, and using his leverage to generate tax revenues,” Cuban added.
Cuban and the White House did not respond to requests for comment from Business Insider.
“POTUS is more progressive when it comes to taxation than anyone in the progressive wing of the Dems has ever been. The Dems should be celebrating just how progressive it is. The irony,” Cuban wrote on X.
Cuban said on Monday that progressive Democrats like Rep. Alexandria Ocasio-Cortez, Sen. Bernie Sanders of Vermont, and Sen. Elizabeth Warren of Massachusetts should have floated the 15% requirement.
“They are so intent on income and wealth taxes on ‘oligarchs,’ they have no concept of leverage in business. Trump does,” Cuban said.
“He took 15% of equity from a company. That is the ULTIMATE wealth tax. He diluted every shareholder, upfront, regardless of their net worth. Lol. A progressive dream!” Cuban added.
Representatives for Ocasio-Cortez, Sanders, and Warren did not respond to requests for comment from Business Insider.
Last month, Nvidia said it would start selling its H20 chips in China again. The H20 chip is a China-specific product that was designed to be less advanced than Nvidia’s other offerings. AMD made a similar announcement as well.
In April, Nvidia said the Trump administration wanted them to apply for special licenses to sell their chips to China. Nvidia said those restrictions would have resulted in a $5.5 billion charge.
In July, David Sacks, the White House’s AI and crypto czar, said the administration’s volte-face targeted Huawei, the Chinese telecommunications giant. Letting Nvidia sell a “deprecated, less capable chip” to the Chinese will “deprive Huawei of basically having this giant market share in China,” Sacks told Bloomberg’s Ed Ludlow.
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At least four people were involved in the crash at Kalispell City Airport on Monday, but no one was seriously hurt.
Medical officials report at least 34 people were killed on Monday, with more than 15 people killed waiting for aid
Israel has stepped up bombing in Gaza despite global outcry over the killing of six journalists in the territory on Sunday night.
Israeli forces killed at least 55 people across the Gaza Strip over Sunday night and into Monday, including a well-known journalist Israel said was a Hamas militant, as well as people seeking humanitarian aid, according to local health officials.
Hospital officials reported at least 34 people were killed on Monday, not including the six journalists who were slain in a tent shortly before midnight.
More than 15 people were killed while waiting for aid at the Zikim crossing in northern Gaza, said Fares Awad, head of the ambulance services in northern Gaza.
Israel’s military did not immediately respond to questions about the deaths. Earlier on Monday, it said air and artillery units were operating in northern Gaza and in Khan Younis, where resident Noha Abu Shamala told AP that two drone strikes killed a family of seven in their apartment.
Palestinians reported the heaviest bombardments in weeks on Monday in areas east of Gaza City, just hours after Israeli prime minister Benjamin Netanyahu said he expected to complete a new expanded offensive in the territory “fairly quickly”.
The EU condemned the killing of five Al Jazeera journalists in an Israeli airstrike outside Al Shifa hospital in Gaza city, including Al Jazeera correspondent Anas Al Sharif. “We take note of the Israeli allegation that the group was Hamas terrorists, but there is a need in these cases to provide clear evidence, in the respect of rule of law, to avoid targeting of journalists,” foreign policy chief Kaja Kallas said in a statement on X. The EU joins the UN, Reporters Without Borders, the Foreign Press Association and a host of other organisations in denouncing the attack.
Gazans gathered on Monday for the funeral of the five Al Jazeera staff members and a sixth reporter killed in an Israeli strike. Dozens stood amid bombed-out buildings in the courtyard of Al-Shifa hospital to pay their respects to Anas al-Sharif, a prominent Al Jazeera correspondent aged 28, and four of his colleagues, killed on Sunday.
Video footage appears to show the moment a Palestinian activist was killed as an Israeli settler fired toward him during a confrontation with unarmed Palestinians in the occupied West Bank last month. The video released Sunday by B’Tselem, an Israeli human rights group, shows Israeli settler Yinon Levi firing a gun toward the person filming. The footage cuts but the camera keeps rolling as the person moans in pain.
Oil prices rose on Tuesday as the United States and China extended a pause on higher tariffs, easing concerns an escalation of their trade war would disrupt their economies and crimp fuel demand in the world’s two largest oil consumers.