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The War Department is narrowing its research and development strategy to six ‘Critical Technology Areas’ officials say will speed up innovation and strengthen America’s military edge.

Under Secretary of War for Research and Engineering Emil Michael said the plan will deliver faster, more focused results to the warfighter by merging overlapping programs and steering funding toward technologies that will shape future conflicts.

‘As the Department of War’s Chief Technology Officer, I am statutorily charged with the mission of advancing technology and innovation for the armed forces,’ Michael wrote in a Nov. 13 memorandum to senior Pentagon and combatant command leadership. ‘The previous list of fourteen CTAs did not provide the focus that the threat environment of today requires.’

The six areas — Applied Artificial Intelligence, Biomanufacturing, Contested Logistics Technologies, Quantum and Battlefield Information Dominance, Scaled Directed Energy and Scaled Hypersonics — will be advanced through rapid ‘sprints’ designed to move emerging technologies from prototype to production.

Secretary of War Pete Hegseth said the streamlined approach will keep the United States ahead of its rivals.

‘Our nation’s military has always been the tip of the spear,’ Hegseth said. ‘Under Secretary Emil Michael’s six Critical Technology Areas will ensure that our warriors never enter a fair fight and have the best systems in their hands for maximum lethality.’

The initiative also aligns with President Donald Trump’s Artificial Intelligence Action Plan, which directs the War Department to become an ‘AI-First’ organization.

Officials say the shift will reshape how intelligence is processed, how logistics are managed and how weapons systems are deployed.

‘In alignment with President Trump’s Artificial Intelligence (AI) Action Plan, the Department of War must become an ‘AI-First’ organization,’ Michael wrote. ‘When adopted rapidly, AI will fundamentally transform the Department from the enterprise-level, to intelligence synthesis and to warfighting.’

Michael’s plan emphasizes resilience and self-sufficiency on the battlefield. Biomanufacturing will create bio-based materials to reduce reliance on foreign suppliers, while Contested Logistics Technologies will help U.S. forces sustain operations in contested or denied environments.

The goal, he said, is to ensure troops can fight and resupply even when traditional lines are cut. Each new technology area is meant to reinforce that capability.

‘Future warfare will likely be characterized by contested environments in which the Joint Force is challenged to surge, operate into and within the operational theater, and resupply, reconstitute, and recover forces,’ Michael wrote. ‘This CTA will enable the demonstration, validation, and scaling of novel approaches and technologies.’

Other priorities include quantum computing for secure battlefield communications, scaled directed energy systems such as high-energy lasers and high-power microwave weapons, and the expansion of hypersonic capabilities for both offensive and defensive missions.

Each effort depends on close coordination between the Pentagon, private industry and allied militaries to ensure the technologies reach the field quickly.

‘Executing these sprints will require unprecedented coordination between the Office of the Under Secretary of War for Research and Engineering, military departments, combatant commands and other Office of the Secretary of War components,’ Michael said. ‘I am committed to working with you and our partners inside and outside of the Department on these efforts.’

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Oversight Committee Republicans are accusing their Democratic counterparts of using the House’s ongoing investigation into Jeffrey Epstein to attack President Donald Trump rather than find closure for the late pedophile’s victims.

Fox News Digital obtained a 10-page internal memo written by GOP committee staff for lawmakers on the panel that argued Democrats intentionally misrepresented information obtained by Republicans to create a narrative that was not there.

‘Unfortunately, during this investigation, Oversight Committee Democrats, led by Ranking Member Robert Garcia (D-Calif.), have intentionally mischaracterized witness testimony and selectively released information with targeted redactions in an effort to create another hoax involving President Trump,’ the memo said.

‘When the Majority released the full set of documents, Democrats claimed that this transparency was meant to ‘disorient’ and ‘distract’ from the false narrative they had been attempting to construct about President Trump.’

The committee’s months-long investigation was launched by a bipartisan push for transparency but has since devolved into partisan fighting as both sides blame the other for focusing on the wrong things.

Democrats have accused Republicans of using the probe to cover for Trump, who was known to have been an associate of Epstein’s but never tied to any wrongdoing.

But the committee’s GOP majority, which has released thousands of pages of documents obtained from both the Department of Justice (DOJ) and Epstein’s own estate, has contended that it is dedicated to transparency for the victims and has accused Democrats of politicizing the probe.

‘The Democrats have uncovered nothing new, have released no document not provided at the request of Republicans, and have only succeeded in reinforcing what the American people already knew: President Trump knew Jeffrey Epstein decades ago, President Trump ended the relationship with Epstein, and President Trump did not participate or know about the nature of Epstein’s evil,’ the memo said.

‘Committee Democrats have overpromised and underdelivered, and now they paw through every new document production looking for a single term: Trump.’

Documents released by the committee so far appear to neither concretely prove nor disprove that Trump was aware of Epstein’s crimes, but the president himself has consistently denied any improper links.

In their memo, Republicans pointed to former Attorney General Bill Barr’s deposition where he appeared to clear Trump of wrongdoing, at least in his knowledge of the probe.

But they accuse Garcia of intentionally twisting the facts by claiming Barr had ‘limited knowledge’ of the case.

The memo also accused Democrats of having ‘selectively leaked’ three emails earlier this month out of roughly 23,000 documents handed over by the Epstein estate in a bid to portray Trump in a negative light.

The GOP memo accused Democrats of having ‘made their own redactions to deceive the media and American people,’ including the name of late Epstein accuser Virginia Giuffre, ‘who stated that she never witnessed wrongdoing by President Trump,’ the memo said.

‘Democrats also redacted ‘she was the one that accused prince andrew’ [sic] in another Epstein email. By making this redaction, Democrats took away important context in the email that named Virginia Guiffre [sic], who worked at Mar-a-Lago, made allegations against Prince Andrew, and was recruited by Ghislaine Maxwell in the parking lot,’ the memo said.

‘This changes the meaning in Epstein’s email where he states, ‘of course he knew about the girls as he asked Ghislaine to stop.’’

The GOP memo also pointed out that Democrats leaked pages of Epstein’s infamous ‘birthday book’ that included Trump but did not publish a message purportedly written by former President Bill Clinton.

It also accused Democrats of failing to help the committee bring in the Clintons for questioning, despite both being issued subpoenas earlier this year. The only figures who have testified so far have been tied to Trump.

‘Democrats are not concerned with transparency or justice,’ the memo said. ‘The evidence the Oversight Committee has gathered does not implicate President Trump in any way. Democrats must stop playing games in this investigation.’

The memo is dated Sunday, two days before the House is expected to vote on a bipartisan bill demanding the DOJ release all of its files related to Epstein.

House GOP leaders had previously been against the effort, arguing the bill as written could lead to the release of information that could harm Epstein’s victims, while also claiming it was unnecessary given the Oversight Committee’s investigation.

But a mechanism known as a discharge petition, led by Reps. Thomas Massie, R-Ky., and Ro Khanna, D-Calif., is allowing the majority of House lawmakers to override leadership’s wishes and force a vote on the bill.

Trump encouraged Republicans to vote in favor of it in a Truth Social post Sunday night, telling the GOP, ‘We have nothing to hide, and it’s time to move on from this Democrat Hoax.’

Fox News Digital reached out to the committee’s Democratic minority for a response.

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Senate Democrats are requesting an investigation into what they say is ‘partisan messaging’ that the Trump administration used on official government websites during the longest government shutdown in U.S. history. 

Sens. Elizabeth Warren of Massachusetts and Adam Schiff of California and others are urging the nonpartisan Government Accountability Office (GAO) to launch a probe into whether the Trump administration crossed a line and broke federal laws due to messages posted on official government websites that pinned the blame on Democrats for the shutdown. 

‘Some agencies’ announcements appeared to include nothing more than partisan messaging and lacked a connection to official business,’ lawmakers wrote in a letter, sent to GAO Nov. 9. 

Specifically, the lawmakers pointed to messaging posted on the Department of Housing and Urban Development’s website, which stated on its website during the shutdown: ‘The Radical Left are going to shut down the government and inflict massive pain on the American people unless they get their $1.5 trillion wish list of demands. The Trump administration wants to keep the government open for the American people.’

As a result, the lawmakers questioned whether the statement and others from separate agencies violated federal law, which bars using federal funds for ‘publicity or propaganda purposes.’ 

‘Longstanding federal appropriations law prohibits the executive branch from using federal funds ‘for publicity or propaganda purposes,’ including for purely partisan materials,’ the lawmakers wrote in their letter. ‘Federal law also prohibits agencies from using any appropriated funding, directly or indirectly, to generate publicity designed to influence Congress in supporting or opposing legislation or appropriations.’ 

But Hans von Spakovsky, a senior legal fellow at the conservative Heritage Foundation think tank, said that Democrats are seeking a distraction from their role in the shutdown.

‘This is an absurd claim and just a publicity stunt by Democrats desperate to push attention away from their failures,’ Spakovsky said in a Friday statement to Fox News Digital. ‘Blaming Democrats for the shutdown was absolutely accurate since they voted more than a dozen times to keep the government shutdown. Truth is an absolute defense to any claim of partisan messaging.’ 

The White House voiced similar sentiments in a statement to Fox News Digital on Monday.

‘It’s an objective fact that Democrats are responsible for the government shutdown, the Trump Administration simply shared the truth with the American people,’ White House spokeswoman Abigail Jackson said in a statement. 

GAO spokesperson Jessica Baxter told Fox News Digital Friday that the organization had received the request and is in the middle of evaluating the request. 

‘I can confirm that GAO has received this congressional request,’ Baxter said. ‘GAO has a process it goes through to determine whether we do work and when, which we are working through right now.’

Other lawmakers who signed the letter include Sens. Kirsten Gillibrand of New York, Richard Blumenthal of Connecticut, Chris Van Hollen of Maryland, Ron Wyden of Oregon, among others. 

Trump signed a bill Wednesday to fund the government again as consequences of the lapse in funding started to build — including missed paychecks for federal workers and airline delays due to air traffic controller staffing shortages.

The bill keeps funding for the government at fiscal year 2025 spending levels through Jan. 30 to provide lawmakers an opportunity to secure a longer appropriations measure for fiscal year 2026.

The shutdown originated due to Republicans and Democrats sparring over various healthcare provisions to include in a potential funding measure. Trump and Republicans claimed Democrats wanted to provide illegal immigrants healthcare, and pointed to a provision that would repeal part of Trump’s tax and domestic policy bill known as the ‘big, beautiful bill’ that reduced Medicaid eligibility for non-U.S. citizens.

But Democrats said this wasn’t the case, and instead, said they want to permanently extend certain Affordable Care Act subsidies that are set to expire at the end of 2025.

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The late financier and convicted sex offender Jeffrey Epstein discussed President Donald Trump in emails released by the House Oversight and Government Reform Committee Wednesday.

The Democrats on the committee released three emails Wednesday that Epstein’s estate provided them — prompting Republicans to release their own stash of 20,000 pages of Epstein documents hours later, while the White House accused Democrats of seeking to distract from the government shutdown.

In response, Trump announced Friday that he would direct the Justice Department and the FBI to investigate Epstein’s relationship with those including former President Bill Clinton, former Treasury Secretary during the Clinton administration Larry Summers and others.

‘This is another Russia, Russia, Russia Scam, with all arrows pointing to the Democrats,’ Trump said in a Friday Truth Social post.

Meanwhile, Clinton has denied that he ever visited Epstein’s island, and wrote in his 2024 memoir ‘Citizen’ that he wished they’d never met. Clinton has not been accused of engaging in any sexual misconduct in connection to Epstein or his victims.

A spokesperson for Summers did not immediately respond to a request for comment from Fox News Digital.

Included in the documents released Wednesday are emails between Epstein and his longtime associate Ghislaine Maxwell, and correspondence with author Michael Wolff, former President Barack Obama’s White House counsel Kathy Ruemmler, among others, where Epstein mentions Trump.

‘i want you to realize that that dog that hasn’t barked is trump.. (VICTIM) spent hours at my house with him ,, he has never once been mentioned. police chief. etc. im 75 % there,’ Epstein said in an email to Maxwell in April 2011, which was provided with other correspondence to the committee by Epstein’s estate in response to a subpoena request.

‘I have been thinking about that…’ Maxwell said in response.

The ‘VICTIM’ mentioned in the emails is redacted, but White House press secretary Karoline Leavitt said in a statement to Fox News that it was a reference to Virginia Giuffre, who accused Epstein of facilitating sexual encounters between her and some of his influential friends, including the U.K.’s then-Prince Andrew.

Giuffre died by suicide in April, but said in her memoir that was completed prior to her death and released in October that she met Trump once at Mar-a-Lago in Palm Beach, Florida, and that he ‘couldn’t have been friendlier.’ She did not accuse Trump of any misconduct.

The emails released by both parties on the Oversight Committee lack context and are full of redactions. 

In another email from 2019, Epstein told Wolff that ‘of course he knew about the girls as he asked ghislaine to stop,’ referencing Trump. The president previously told reporters in July that he had prohibited Epstein from the president’s Florida Mar-a-Lago golf club because Epstein kept ‘taking people who worked for me.’

Additionally, it’s unclear from the exchange whether ‘girls’ referred to minors or not.

In a separate exchange between Wolff and Epstein from 2015, the two discussed the possibility of CNN asking Trump about his relationship with Epstein.

‘I think you should let him hang himself,’ Wolff said in an email to Epstein. ‘If he says he hasn’t been on the plane or to the house, then that gives you a valuable PR and political currency. You can hang him in a way that potentially generates a positive benefit for you, or, if it really looks like he could win, you could save him, generating a debt.’

Wolff is an author who has written four books about Trump’s political career — including ‘Fire and Fury: Inside the Trump White House,’ which was released in 2018 and pieced together an unflattering picture of Trump’s early days in office during his first term. The White House at the time characterized it as ‘trashy tabloid fiction.’

Hours after the initial Democrat release of documents, the Republicans on the committee unveiled their own document pile, which included emails from Epstein where he also discussed Trump.

Other email exchanges released Wednesday included correspondence between Epstein and Ruemmler, who is now the chief legal officer at Goldman Sachs Group Inc.

Ruemmler shared a link to a New York Times opinion piece in August 2018, which detailed alleged hush-money payments made to porn star Stormy Daniels to keep quiet about an alleged affair with Trump. Ruemmler said she thought Epstein would find the piece ‘interesting.’

‘I know how dirty donald is,’ Epstein emailed in response.

Trump was convicted in May 2024 on 34 felony counts of falsifying business records in connection with the alleged hush-money payments. He continues to deny the affair and maintains his innocence, calling the case a politically motivated ‘witch hunt.’

Ruemmler did not immediately respond to a request for comment from Fox News Digital.

In a separate 2017 email to Summers, Epstein said that while he’s met some ‘very bad people,’ none have been ‘as bad as trump.’

‘Not one decent cell in his body.. so yes – dangerous,’ Epstein said.

Summers did not immediately respond to a request for comment from Fox News Digital.

While the documents themselves are authentic, Epstein’s statements in the emails remain unverified and uncorroborated. They do not allege wrongdoing by Trump; they only show Epstein referencing him. Trump has not faced formal accusations of misconduct tied to Epstein, and no law enforcement records connect Trump to Epstein’s crimes.

The White House shrugged off the release as a ‘distraction.’

‘These emails prove literally nothing,’ White House spokesperson Abigail Jackson said in a Thursday statement to Fox News Digital. ‘Liberal outlets are desperately trying to use this Democrat distraction to talk about anything other than Democrats getting utterly defeated by President Trump in the shutdown fight.’

Meanwhile, Trump also said in a Wednesday social media post that the Democrats were seeking to revive discussion on the Epstein case to distract from their role in the government shutdown.

‘The Democrats are trying to bring up the Jeffrey Epstein Hoax again because they’ll do anything at all to deflect on how badly they’ve done on the Shutdown, and so many other subjects,’ Trump said Wednesday. ‘Only a very bad, or stupid, Republican would fall into that trap.’

‘There should be no deflections to Epstein or anything else, and any Republicans involved should be focused only on opening up our Country, and fixing the massive damage caused by the Democrats!’ Trump said.

Trump’s connections to Epstein have come under heightened scrutiny after Trump’s Justice Department and FBI announced it would not unseal investigation materials concerning Epstein, and that their investigation into the case had closed.

Additionally, the agencies said that they did not detect a list of sexual predators with ties to Epstein, and concluded there were no new people who could face charges.

Meanwhile, U.S. Deputy Attorney General Todd Blanche met with Epstein associate Maxwell in Florida in July, and the Justice Department released transcripts from their interview. In the records, Maxwell claimed that she didn’t see Trump behave in an inappropriate manner.

‘I never witnessed the President in any inappropriate setting in any way,’ Maxwell said, according to the transcript the Justice Department released. ‘The President was never inappropriate with anybody. In the times that I was with him, he was a gentleman in all respects.’

Epstein died by suicide while awaiting trial on federal charges in 2019. Maxwell has been convicted on charges including sex trafficking of a minor and is serving a 20-year sentence.

Fox News’ Patrick Ward and The Associated Press contributed to this report.

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Amid rumors he may pursue a 2028 bid for the White House, Sen. Ted Cruz, R-Texas, didn’t deny the possibility when asked about it on Monday morning.

‘Reporters are going to write headlines that get clicks and get eyeballs. I got a job — it’s representing 31 million Texans. And I’ll tell you right now, the wins we are getting are historic,’ Cruz said on ‘The Faulkner Focus.’

Cruz highlighted his participation in President Donald Trump’s signature tax and border security package earlier this year as one such victory. 

Cruz has positioned himself for another run for the White House, according to reporting from Axios on Monday. By presenting himself as an alternative to the more domestically focused wing of the GOP — especially on Israel — Cruz has set himself apart from other notable 2028 prospective candidates like Vice President JD Vance. 

The issue of interventionism has divided figures in the GOP for months as pundits, candidates and sitting lawmakers weigh how the U.S. should navigate its international relationships. Vance, like many other voices in Trump’s orbit, has called for the U.S. to pull back from engagements in Ukraine and the Middle East to focus on domestic issues. 

Cruz has gone against the grain of the party, maintaining that the country’s security — and the security of the international community — depends on strong leadership from the White House.

Most recently, Cruz said he believed American attention was needed in Nigeria, where Christians have faced intense persecution in recent years.

‘It’s why my focus right now is on the Christians in Nigeria,’ Cruz said on Monday after deflecting questions about 2028. ‘I was at the White House last week with the president, thanking him for standing up for the Christians in Nigeria.’

Earlier this year, the office of Rep. Riley Moore, R-W.Va., announced that 7,000 Christians have been killed in Nigeria in 2025. 

Cruz continued, ‘When Biden turned the other way, more and more murders occurred. Because when the commander in chief is absent, is AWOL, bad guys do really bad things. I’m glad we now have a strong commander in chief who will stand up and say, ‘We’re not going to do nothing while you commit mass murders of Christians.”

Cruz’s office declined to comment on the Axios reporting when reached by Fox News Digital.

Cruz has sought the presidential nomination before, becoming the runner-up GOP nominee to Trump in 2016. Since then, Cruz has maintained a highly visible position in the Senate where he has worked as an ally of the Trump administration on key issues like immigration, while remaining a consistent proponent of American support for Israel.

With Trump unable to run for a third term, speculation has started brewing over which 2028 hopeful will successfully rally the MAGA base. Other notable contenders include Vance and Secretary of State Marco Rubio.

So far, Trump himself has largely steered clear of anointing a possible successor.

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President Donald Trump blamed his hoarse voice on a tense discussion with a foreign nation who attempted to renegotiate the terms of their trade deal. 

Trump sported a raspy voice during a meeting with the White House’s task force on the FIFA World Cup 2026, prompting a reporter to ask if he felt alright.

‘I feel great. I was shouting at people because they were stupid about something having to do with trade and a country, and I straightened it out, but I blew my stack at these people,’ Trump told reporters Monday.

When pressed about which country, Trump did not specify which nation sparked his ire and only said that he wasn’t pleased.

‘A country wanted to try and renegotiate the terms of their trade deal,’ Trump said. ‘And I wasn’t happy about it.’

When asked again which country, Trump said: ‘Why would I say that to you?’

The U.S. has engaged in trade talks with a number of countries in recent months, including Japan, Cambodia, Malaysia and Indonesia. Additionally, Trump met with Chinese President Xi Jinping in South Korea in October, where the two hammered out some negotiations on trade between the two countries.

For example, Trump said he agreed to cut tariffs on Chinese imports by 10% — bring down the rate from 57% to 47% — because China said it would work with the U.S. on addressing the fentanyl crisis.

Likewise, Trump said that he would not impose an additional 100% tariff on Chinese goods that were expected to kick in Nov. 1. Trump threatened the steep hike after China announced in October it would impose export controls on rare-earth magnets, which he said China had agreed to postpone by a year.

Afterward, Trump said that a broader trade deal between the two countries would be signed in the near future.

‘Zero, to 10, with 10 being the best, I’d say the meeting was a 12,’ Trump told reporters after meeting with Xi. ‘A lot of decisions were made … and we’ve come to a conclusion on very many important points.’

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Facilities designed to discourage abortion have seen tens of thousands of additional clients in the wake of the Supreme Court’s landmark Dobbs ruling, according to a study published Monday.

The Charlotte Lozier Institute, the research arm of the pro-life organization SBA Pro-Life America, found in its annual report that the facilities, often known as pregnancy resource centers, surpassed one million clients for the first time in 2024.

That total is up from 974,965 in 2022, when the high court scrapped the federal right to abortion and flipped the issue back into the hands of states. The study looked at data from roughly 3,000 facilities nationwide.

The centers poured nearly half a billion dollars into supporting their clients, and the dollar value of material goods, such as diapers, strollers and cribs, provided to clients rose 48% from 2022.

Marjorie Dannenfelser, president of SBA Pro-Life America, told reporters on Monday the centers were an answer to the prevalence of abortion since Dobbs that the Charlotte Lozier Institute has attributed, at least in part, to easy access to abortion pills, which people can purchase by mail.

Pregnancy resource centers have ‘become even more important, especially with the horrific national policy that we have on the abortion drug which has led to the increase of abortions to around 1.1 million,’ Dannenfelser said.

‘You have a Planned Parenthood organization and a big abortion movement that, to the problem of addiction, says when she enters a clinic, or she goes online, ‘Here’s your pill. Have a nice life,’’ Dannenfelser said.

‘Pregnancy centers, with the support of care workers, are going to the roots of the problem, to addiction, domestic abuse, homelessness, of the problem of just physically getting to your job so that you can do your job and support your family, the question of finishing school that you find yourself needing more resources and community and help at a moment where you want to say yes to your child and you also want to say yes to your own life and its trajectory,’ she said.

Pregnancy centers have faced criticism, largely from the left, that they deceive their clients and donors into thinking they are not firmly against abortion and mislead clients about their ability to practice medicine. A lawsuit centered on that fight is pending before the Supreme Court; the high court will hear oral arguments in the case next month.

The report showed that clinics offer a range of services, from providing tangible items to adoption agency services, counseling and a variety of medical services, including abortion pill reversal, pregnancy tests, ultrasounds and STD screening.

The Charlotte Lozier Institute also said it found that more than 60% of women who have had abortions would rather have given birth if they had had more emotional and financial support.

‘When we have the courage to ask the questions of real women in the real world, this is what we find over and over and over again,’ Dannenfelser said.

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China’s military buildup has reached what a new congressional report calls a ‘war footing,’ with hundreds of new missile silos and expanding nuclear capabilities that could erode America’s long-standing deterrence edge in the Indo-Pacific.

China has built roughly 350 new intercontinental missile silos and expanded its nuclear warhead stockpile by 20% in the past year, part of a sweeping military expansion that the U.S.-China Economic and Security Review Commission says could strain U.S. readiness to counter Chinese aggression.

The commission’s 2025 annual report to Congress says Beijing’s rapid nuclear buildup, combined with new artificial intelligence-driven warfare systems, is transforming the People’s Liberation Army into a force ‘capable of fighting and winning a war against the United States’ — even without matching U.S. nuclear numbers.

According to the report, China has unveiled an AI-powered electronic warfare system capable of detecting and suppressing U.S. radar signals as far as Guam, the Marshall Islands and Alaska, and is now deploying 6G-based platforms across its armed forces.

The report says China unveiled a new 6G-based electronic warfare platform in mid-2025, capable of coordinating radar jamming and signal interception across long distances. The system reportedly uses high-speed data links and artificial intelligence to synchronize attacks on U.S. and allied radar networks — a preview of what Beijing calls ‘intelligentized warfare.’

 At a military parade in Beijing this September, China for the first time displayed a full nuclear triad — missiles launchable from land, air and sea.

The commission warns these advances, paired with China’s political crackdown and economic leverage, could allow Beijing to act ‘quickly and decisively in a crisis,’ shortening the time the U.S. and its allies would have to respond to aggression.

The commission is urging Congress to require the Pentagon to conduct a full audit of U.S. readiness to defend Taiwan, warning that Washington may no longer meet its legal obligations under the Taiwan Relations Act. The report calls for a classified and unclassified assessment of whether U.S. forces could ‘resist any resort to force or coercion’ by China — even in a scenario where the United States is also facing simultaneous aggression from Russia, Iran or North Korea.

Read the report below. App users: Click here

A war over Taiwan, the commission cautions, could wipe out up to 10% of global GDP — a shock on par with the 2008 financial crisis — and carry a ‘cataclysmic’ risk of nuclear escalation and wider conflict in the Indo-Pacific.

China now holds around 600 nuclear warheads. The Pentagon has assessed China is aiming to own 1,000 by 2030. 

The report further warns that China’s economic coercion is compounding the threat, pointing to Beijing’s dominance in foundational semiconductors, rare earth minerals, and printed circuit boards. It says these dependencies could leave the United States ‘reliant on its rival for the backbone of its modern economy and military.’

Among 28 recommendations, the commission calls for Congress to bar Chinese-made components from U.S. power grids, create a unified economic statecraft agency to enforce export controls, and reaffirm diplomatic backing for Taiwan — including its partnership with the Vatican, one of Taiwan’s few remaining formal allies that Beijing has sought to isolate through church diplomacy.

‘China’s rapid military and economic mobilization shortens U.S. warning timelines,’ the report concludes, warning that without a coordinated response, America’s deterrence posture ‘risks falling short’ against Beijing’s expanding capabilities.

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The U.N. Security Council on Monday adopted a U.S.-backed resolution to end the Gaza war and deploy an international stabilization force after Ambassador Mike Waltz urged members to support what he called ‘a bold, pragmatic blueprint’ born from President Donald Trump’s 20-point peace plan.

In an address to the council, Waltz described Gaza as ‘a hell on earth’ after two years of conflict, saying the resolution offered the world a chance to replace ‘rubble where schools once stood’ with ‘a path to peace.’ The measure passed 14–0, with two abstentions — including Russia — and was adopted.

‘Voting yes today isn’t just endorsing a plan,’ Waltz said. ‘It’s affirming our shared humanity. A vote against this resolution is a vote to return to war.’

The plan, developed through U.S.-led diplomacy with Qatar, Egypt, Saudi Arabia, the United Arab Emirates, Turkey, Pakistan, and Indonesia, establishes a multinational stabilization force to secure Gaza, oversee demilitarization and protect civilians as Israel gradually withdraws.

Waltz said many of the peacekeepers will come from Muslim-majority nations, including Indonesia and Azerbaijan.

He credited Jared Kushner and special envoy Steve Witkoff with brokering the deal, which has already produced what he called ‘tangible results’ — a holding ceasefire and the release of 45 hostages by Hamas. Waltz said the United States remains committed to ensuring the return of the remaining hostages still believed to be held in Gaza.

‘This resolution charts a path for Palestinian self-determination after the Palestinian Authority completes key reforms,’ Waltz said. ‘It dismantles Hamas’s grip and ensures Gaza rises free from terror’s shadow — prosperous and secure.’

Following the vote, Waltz thanked Council members for what he called ‘a historic and constructive resolution’ and praised the coalition of nations that supported Trump’s plan.

He said the Board of Peace, which will be led by the president, ‘remains the cornerstone of our effort’ to rebuild Gaza and establish accountable local governance.

The board will coordinate humanitarian assistance, oversee reconstruction, and support a technocratic Palestinian committee responsible for day-to-day administration while the Palestinian Authority implements its reforms. Waltz said the stabilization force will ‘dismantle terrorist infrastructure, decommission weapons, and maintain the safety of Palestinian civilians.’

‘The path to prosperity requires security first,’ Waltz said. ‘Security is the oxygen that governance and development need to live and thrive.’

Russia abstained from the vote after circulating a rival draft. Waltz said hesitation and delay would only ‘cost lives,’ adding that ‘every day without this force, aid trucks lie idle, children starve, and extremists regroup.’

Trump praised the U.N. Security Council’s passage of the Gaza peace resolution Monday, calling it ‘one of the biggest approvals in the history of the United Nations.’

In a post on Truth Social, Trump congratulated world leaders and said the creation of the Board of Peace, which he will chair, represents ‘a moment of true historic proportion.’

Trump said the board will include ‘the most powerful and respected leaders throughout the world’ and pledged to announce additional members in the coming weeks. He thanked both Security Council members and partner nations — including Qatar, Egypt, Saudi Arabia, the United Arab Emirates, Indonesia, Turkey, and Jordan — for backing the plan.

‘This will go down as one of the biggest approvals in the history of the United Nations,’ Trump wrote. ‘It will lead to further peace all over the world and is a moment of true historic proportion.’

Trump’s message echoed the themes laid out by Waltz, who credited the president’s leadership and diplomacy for uniting regional powers behind the peace initiative.

‘President Trump’s historic 20-point plan marks the beginning of a strong, stable, and prosperous region,’ Waltz said. ‘Under President Trump’s bold leadership, the United States will continue to deliver results alongside our partners to make lasting peace a reality.’

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A mounting artificial intelligence (AI) bubble, overvalued markets and resource nationalism are among the issues experts at the 51st New Orleans Investment Conference flagged for investors heading into 2026.

With the ongoing precious metals bull market sending gold and silver prices to fresh all-time highs this year, the wide array of panelists and speakers cautioned investors to be prepared for anything.

During the Mining Share panel, moderator Rick Rule, proprietor of Rule Investment Media, asked participants which black swan is most likely on the horizon, acknowledging that these events are inherently impossible to predict.

Nick Hodge, publisher at Digest Publishing, said disproportionate market growth is keeping him up at night.

“The overvaluation of the S&P 500 (INDEXSP:.INX) and the tech stocks could lead to some sort of stock crash that takes down the valuations of all the equities, including the precious and industrial metals. I think it’s long overdue,” he said.

Hodge also noted that the US has largely avoided a recession in recent years, and that economic growth is “okay,’ but warned that equity valuations, particularly in tech, quantum computing and robotics, have run ahead of fundamentals.

Jordan Roy-Byrne, editor and publisher of the Daily Gold, went a different route, saying gold and silver prices could go vertical ‘sooner than people think,’ and suggested that investors aren’t ready for that to happen.

Roy-Byrne argued that fears rooted in the 2008 financial crisis still distort market thinking, even though bonds are now in a secular bear market and stock crashes tend to look very different.

If the S&P enters a downturn in the next couple of years, he said the setup could resemble the mid-1970s, when equities slumped, but precious metals soared — a scenario many investors aren’t prepared for.

Strategic investor Jeff Phillips sided with Hodge, saying that the ripple effects of a tech-related bubble are his paramount concern at the moment. He noted that the resource sector’s bull markets are often sparked by broader financial corrections, because investors tend to retreat to hard assets when liquidity dries up.

Resource markets are thinly traded, Phillips explained, so momentum can shift quickly.

After three major resource bull cycles in his 30 year career, he’s seen the same pattern repeat: when speculative themes fade — whether that be the internet in the early 2000s or today’s AI boom — investors eventually recognize that most of the companies in these sectors won’t deliver, and capital flows back to tangible assets.

“So what keeps me up at night is not necessarily the resource sector, but a liquidity event that causes people to have to sell things,” Phillips said. “But I don’t know what the black swan is, because that’s what a black swan is.”

Taking a different approach, Jennifer Shaigec, principal at Sandpiper Trading, underscored growing tensions with China around trade, as well as supply chain imbalances that are materializing in the resource sector.

“I’m going to go with something very dark — nationalization of mines,” she said.

“I think we’re headed for a conflict with China. We’re seeing this huge push to secure domestic supply chains, and the wartime controls that were from World War I and II (are still in place). Seeing the government starting to take these bigger stakes in some of these projects is a little bit scary for me,’ Shaigec explained.

For Brien Lundin, conference host and editor of Gold Newsletter, all the hypotheses have merit. He explained that a major liquidity crisis is almost unavoidable, but said it would also create one of the biggest opportunities in years.

Since 2008, markets of all kinds have become dependent on rapid central bank intervention, he noted.

So while a shock could deliver a brief period of real pain, Lundin expects policymakers to respond quickly with a surge of liquidity, just as they did after the financial crisis and during COVID-19.

That kind of rescue typically sends gold, commodities and other risk assets sharply higher.

‘What we don’t know is what the black swan is, where is it going to come from? It usually comes out of left field in some area nobody’s really predicted,” said Lundin.

AI euphoria may be outpacing reality

At the Booms, Bubbles and Busts panel, fear that the AI bubble is reaching critical mass was the prominent theme.

Moderator Albert Lu, founder and president of Luma Financial, started the discussion by polling the panelists about whether the AI market is in a bubble right now.

“Yeah, we’re in a bubble. But in the 1990s we were in a bubble in the internet. So the question is, what stage of the bubble are we at?” responded economist and professor Peter St. Onge.

He recalled buying Yahoo in 1996 — when friends thought he was reckless — only to watch it soar. Today’s tech boom, he argued, is “without a doubt” a bubble, potentially 10 times bigger than the dot-com era.

In his view, the cycle will eventually break, but before a steep correction, he suggested there may still be room for tech markets to multiply, perhaps doubling or even surging eightfold, before an inevitable 75 percent wipeout.

Jim Iuorio, managing director of TJM Institutional Services, cautioned that while “it’s not that valuable … to say we’re in a bubble,” he believes markets are somewhere in bubble territory — but trying to pinpoint the exact stage is “foolish.’

He warned that many high-flying tech names could face a 30 percent correction within 18 to 24 months.

What’s convinced him most about this has been the frenzy around OpenAI-related announcements.

“Anytime they mentioned any partnership with anyone — just the mania that happened with those stocks — to me that means we’re in some sort of odd realm that I’m not comfortable with,’ he said.

Still, he isn’t exiting yet — Iuorio said he’s keeping his positions hedged and flexible while acknowledging “there is a very distinct possibility that one day you’re going to open up your portfolio and things will change quite a bit.’

For his part, Jim Bianco, president and macro strategist at Bianco Research, said he resists using the word “bubble” because “I don’t know exactly what it means.’ He noted that people often invoke it only when they think the cycle is ending, and aligned with St. Onge in arguing that the endpoint may not be near right now.

Bianco stressed that AI technology is “very real” and likely “more transformative than the internet,’ comparing the hype to late-1990s optimism about the web, which may have seemed exaggerated, but largely proved true.

Still, he cautioned that transformative technology doesn’t guarantee immediate investment success: buying into the internet boom meant enduring the dot-com crash and the long slog through the Great Recession before breaking even.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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