The Wall Street Journal reports new details of a Trump administration civil-nuclear agreement with Saudi Arabia, submitted to U.S. Congress last week, outline a roadmap under which Saudi Arabia could, after further consultations, pursue domestic uranium enrichment up to about 20%. That enrichment level could fuel small modular reactors but would raise the risk of diversion to military use. Scott Rock, a former DOE official and vice chair of the Nuclear Threat Initiative, said the level is defens

2026-09-03

The Wall Street Journal reports new details of a Trump administration civil-nuclear agreement with Saudi Arabia, submitted to U.S. Congress last week, outline a roadmap under which Saudi Arabia could, after further consultations, pursue domestic uranium enrichment up to about 20%. That enrichment level could fuel small modular reactors but would raise the risk of diversion to military use. Scott Rock, a former DOE official and vice chair of the Nuclear Threat Initiative, said the level is defensible for civilian use but that reaching it would mean most of the work toward producing weapons-grade material is already done.

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2026-09-03

U.S. equities closed higher Wednesday: Dow Jones Industrial Average initially up 0.56%, S&P 500 up 0.46%, Nasdaq Composite up 0.45%. NVIDIA (NVDA.O) and ORACLE rose 3%; SK Hynix (SKHY.O) and Micron Technology (MU.O) gained more than 2%; Dell (DELL.N) jumped 15.7%. Nasdaq Golden Dragon China Index fell 0.06%; NIO (NIO.N) dropped 5%.

2026-09-03

State-owned Korea Electric Power Corporation (KEPCO) is negotiating a multibillion-dollar electricity prepayment with Samsung Electronics and SK Hynix to raise capital for grid expansion serving a new semiconductor cluster. Under the current proposal Samsung would prepay 20 trillion won and SK Hynix 5 trillion won, totaling 25 trillion won, roughly equivalent to about five years of projected power bills. KEPCO said the mechanism would align firms needing rapid grid build-out with the utility’s f