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MNI POLITICAL RISK - Biden Unveils Executive Order On Tech Investment

US
  • US President Joe Biden yesterday unveiled a new executive order restricting some American investment in Chinese companies developing advanced semiconductors, artificial intelligence, and quantum computing, and compelling Americans to inform the US Treasury Department of planned direct investment in those areas.
  • The measures, the product of two years of internal debate, have long been anticipated and, the White House argues, narrowly focused. This is to avoid impacting areas of the bilateral commercial relationship beyond, what the Biden Administration claims, are of legitimate US national security interest.
  • The White House is expected to make a formal request for a supplemental aid package for Ukraine today setting up another appropriations struggle in Congress when lawmakers return from recess in September.
  • Biden administration officials yesterday downplayed reports that substantial progress had been made towards Saudi-Israel normalization.
  • President Biden will host Australian Prime Minister Anthony Albanese for a state dinner at the White House on October 25.
  • Poll of the Day: President Biden’s approval rating remains persistently low amid fresh concerns over inflation and gasoline prices.
Full article: US Daily Brief
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