Wuxi municipal party secretary Du Xiaogang chaired a city meeting on June 6 on integrated circuits (AI) industry development. The city directed concentrated project support across design, manufacturing, packaging & testing, and equipment and materials, prioritizing frontier tracks including AIDC and Token. Officials will compile tiered, categorized project lists, establish formal promotion mechanisms, and intensify regular monitoring, linked services and targeted support for key and benchmark pr

Fed Governor Michael Barr criticized recent rollbacks easing limits on bank lending, saying proposals have substantially weakened bank oversight and that vulnerabilities from looser rules may not be visible now but could accumulate over several years and cause serious economic damage. He said Trump-era officials loosened capital requirements, narrowed the regulatory perimeter and facilitated competition between traditional banks and private-credit firms. Barr warned that weaker capital, liquidity and supervisory standards would raise the risk of bank stress; while banks need room to support economic innovation, history shows profit-driven innovation without adequate safeguards can create excessive risk that, if realized, threatens firms, households and the broader economy.

The Lebanese Armed Forces said on the 6th that Israel struck a Lebanese army vehicle on a road in southern Lebanon, killing several soldiers including an officer.