Federal Judge Orders Trump Administration to Restore Press Access
A federal judge has ruled that a press ban imposed by the Trump administration against CNN, MS NOW, and Politico violates due process and First Amendment rights. The order requires immediate restoration of access for these outlets as tensions between U.S.-China trade relations continue under scrutiny. Meanwhile, Treasury Secretary Scott Bessent confirmed an extension of the U.S.-China trade truce until January 10. China showcased advancements in AI chip technology with Alibaba's Zhenwu V900 release and emphasized resilience against export restrictions from Washington. The bond market saw significant movement as yields for both U.S. Treasuries and Japanese JGBs reached multi-decade highs, reflecting investor concerns over economic conditions. In other developments, SoftBank raised $11.1 billion through bonds to fund its stake in OpenAI, pushing shares up more than 7%. Iran also accused Canada of silence on Trump's threats against the country following recent U.S.-backed actions.
Topics: bond yields federal judge ruling press access ban Trump-Xi summit White House