Politico reported the US House voted to extend authorization for the Defense Production Act to 2031 as part of a bipartisan amendment attached to the National Defense Authorization Act.

The Wall Street Journal reports President Trump has approved a 30-year US-Saudi nuclear cooperation agreement that would allow Saudi Arabia to develop civil nuclear projects and could permit uranium enrichment on Saudi soil. The deal, reported to be worth billions of dollars, aims to give US companies a dominant role in Saudi nuclear infrastructure and to exclude other foreign competitors; US firms would build enrichment facilities if joint US-Saudi research deems them necessary. Administration officials say the pact is intended to preserve US influence over Riyadh’s nuclear programme and reduce the risk of diversion for military use. The agreement will be sent to Congress for review in coming days and may face opposition from lawmakers citing proliferation risks amid regional instability.

Super Micro Computer (SMCI.O) opened up about 15% after the company said it had received $60 billion of orders for the fourth quarter.