President Donald Trump signed an executive order on artificial intelligence Tuesday, less than two weeks after postponing a White House ceremony over his concerns that a similar policy could dull America’s edge on AI technology.
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The order establishes a framework for the federal government to vet the national security risks of the most advanced AI systems for up to a month before their public release. The government will be able to work with trusted partners “that will have early access to covered frontier models to promote secure innovation and strengthen the cybersecurity of critical infrastructure,” the order says.
It was not immediately clear to what extent the order differed from the one he declined to sign on May 21.
That directive was characterized as a voluntary collaboration with participating U.S.-based tech companies, including Anthropic, OpenAI and Google.
Short seller Andrew Left convicted of securities fraud
A federal grand jury in Los Angeles has convicted short seller Andrew Left of securities fraud.
Left, who was a securities analyst, trader, and guest commentator on television channels including CNBC and Fox Business, was charged in July 2024 with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. As a short seller, Left would make money betting that stocks would fall.
The Justice Department said Tuesday that Left was convicted of one count of participating in a securities fraud scheme and 12 counts of securities fraud. He is scheduled to be sentenced Aug. 31. He faces a maximum penalty of 25 years in prison. According to the indictment, Left would comment on publicly traded companies and make recommendations on the shares.
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The commentary often included sensationalized headlines (“Investors Peddling Themselves into Frenzy”) and exaggerated language to maximize the reaction it would get from the stock market. As alleged, Left knowingly exploited his ability to move stock prices by targeting stocks popular with retail investors and posting recommendations on social media to manipulate the market and make fast, easy money.
The indictment further alleged that before Citron would publish its commentary, Left would create long or short positions in a public company on which he was commenting in his trading accounts and prepared to quickly close those positions after Citron’s publication and take profits on the short-term price movement caused by his commentary.
Job openings climb in April despite war fallout
U.S. job openings jumped in April as the labor market looked resilient despite economic uncertainty caused by the Iran war.
U.S. employers posted 7.6 million job vacancies in April, the Labor Department reported Tuesday, up from 6.9 million in March and the highest since May 2024. Economists had forecast just 6.8 million openings.
The department’s Job Openings and Labor Turnover Survey (JOLTS) showed that layoffs fell but so did the number of Americans quitting their jobs – a sign of confidence in their prospects. And the report’s measure of gross hiring also dropped in April, suggesting that companies remain reluctant to add new workers even as they hold on to the ones they have.
The American job market has been recovering from a dismal 2025. Last year, companies, nonprofits and government agencies added fewer than 10,000 jobs a month, the least outside a recession since 2002.
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Compiled from Bloomberg and Associated Press reports.