US ENERGY SECRETARY WRIGHT: HORMUZ WILL BE FLOWING AGAIN IN THE NEAR FUTURE — THE US WILL PROCEED TO EXPAND ITS OIL SUPPLY FROM VENEZUELA, AND ELEVATED GAS PRICES ARE A COST WE ALL MUST BEAR RATHER THAN RUN OUT OF GAS

Moonshot AI has told investors it will revamp its corporate structure to prepare for a Hong Kong IPO, aligning with Beijing’s tighter rules for overseas listings. The Beijing-based startup plans to dismantle its red-chip structure, in which offshore entities control mainland assets and operations. The move reflects Beijing’s push to strengthen oversight, simplify compliance and curb capital-flight risks tied to Hong Kong IPOs, with authorities encouraging firms to reorganize under mainland incorporation before listing.

DEMOCRATIC SENATOR WARNER SAYS TRUMP MOBILE PHONE MAKING MISLEADING CLAIMS, QUESTIONS BUSINESS PRACTICES -- LETTER