Trump backs away from plan to charge fees in the Strait of Hormuz

DUBAI, United Arab Emirates (AP) – U.S. President Donald Trump on Tuesday backtracked on plans to charge ships for using the Strait of Hormuz, saying Gulf countries would instead invest in the United States. Another wave of U.S. strikes on Iran, and Iranian attacks on shipping and American allies, left an interim peace deal in tatters.

New York won't build big data centers for a year as it weighs risks

NEW YORK (AP) – No large data centers can be built in New York for up to a year as the state creates rules to protect the environment and its energy grid from the power-hungry facilities fueling artificial intelligence.

EU chief weighs age restrictions for children using social media

BRUSSELS (AP) – A top European Union official on Monday called for limits to be placed on children using social media as a special EU panel looking into the challenge recommended forbidding access for those under 13 until tech companies can prove their platforms are safe.

Editorials from The Washington Post, The New York Times, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

12 states challenge Paramount's takeover of Warner Bros

NEW YORK (AP) – Twelve states challenged Paramount’s takeover of Warner Bros. Discovery on Monday, filing a lawsuit that argues the $81 billion mega merger would “extinguish competition” in Hollywood and threaten jobs across the industry.

Hundreds of economists say 'we must act now' on AI's economic impact

SAN FRANCISCO (AP) – Hundreds of economists say in an open letter that institutions “must act now” to address how artificial intelligence could transform the economy and could put many people out of work.

Judge says Trump lawsuit against IRS was filed for 'improper purpose'

WASHINGTON (AP) – Judge says Trump lawsuit against IRS was filed for ‘improper purpose’ and refers attorneys for disciplinary action. The ruling from U.S. District Judge Kathleen Williams amounts to a stinging rebuke of the Republican president’s lawsuit, characterizing it as an exercise in self-dealing in which he sued an entity that is effectively under his control.

Massive AI buildout poses inflation threat as consumers pay more for laptops and electricity

WASHINGTON (AP) – American consumers – and the Federal Reserve – are being hit with another high-cost headache. The gusher of investment in data centers – likely topping $700 billion this year – to power artificial intelligence has made memory chips, computer processors and other equipment, as well as electricity, more expensive.

The Trump Report: Trump Demands 20% Toll

U.S. President Donald Trump said Monday that Iranian ships will no longer be able to travel through the Strait of Hormuz and America would charge a 20% toll on other countries’ eligible cargo, escalating tensions after weekend of attacks by both nations to assert control of the critical waterway.