Business & Markets — June 29, 2026

Trump bought Axon stock before ICE's $220M Taser deal. President Trump purchased as much as $5 million in Axon Enterprise stock before ICE pursued a potential $220 million Taser contract with the company, The purchases raise direct conflict-of-interest questions.

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Student loan repayment options narrow July 1. Trump's tax-and-spending law eliminates several repayment plans starting July 1, including the SAVE plan, leaving millions of borrowers with fewer options.

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Samsung and SK Hynix plan $518B chip hub. South Korea's two largest chipmakers plan a combined $518 billion investment in a new semiconductor manufacturing hub to meet rising AI-driven demand.

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Heatwaves threaten AI data center operations. Severe weather and rising temperatures are straining power grids and driving up insurance and repair costs for AI data centers, putting the industry's infrastructure at real risk.

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