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President Trump Participates In Champion Of Coal Event At The White House
(Anna Moneymaker/Getty Images)

President Trump, the “Undisputed Champion of Beautiful, Clean Coal,” wants the Defense Department to start buying more of it

US total coal consumption, however, has plummeted in the last two decades.

During the inaugural Champion of Coal event held at the White House last week, President Trump — having just been presented with the “Undisputed Champion of Beautiful, Clean Coal” award by the chair of the National Coal Council and CEO of Peabody Energy, Jim Grech — signed an executive order directing the Department of War to approve and prioritize power contracts with the coal industry moving forward.

The move to get the US government’s largest energy consumer to start buying more coal is the latest in a line of public declarations and policies from the president to show his support for the natural resource as he attempts to revive the industry around it.

Ashes to ashes

The latest announcement hasn’t been without its critics, however, with some people arguing against the directive on environmental and fiscal grounds. Energy experts told The New York Times that even if the Defense Department shifted its entire energy demand to be powered by coal exclusively, that would still only amount to about 3% of the nation’s current total capacity. Indeed, it would take quite a lot to turn around America’s coal consumption, which has largely been eschewed in the US energy mix in favor of natural gas and renewables like wind and solar.

Coal consumption chart
Sherwood News

Though coal has helped prop up some of the increasing energy demand from America’s ever-expanding data center landscape — consumption even rose slightly last year to break a 15-year declining streak — the resource has fallen by the wayside more broadly as the nation’s clean energy boom continues. Per the latest monthly figures from the US Energy Information Administration, national coal consumption sat at just above 34 million short tons in October — about 60% of the level it was at 10 years ago and just over a third of what it was during the 2007 summer peak.

The US is hardly the only nation where coal has fallen out of favor, though, with global consumption expected to have peaked last year and forecast to drop by 3% around the world by 2030. Clearly, when America gets too much soot up its nose, much of the rest of the world sneezes.

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Jon Keegan

Trump pulls tech execs even closer, adding Zuckerberg, Huang, Ellison, and others to tech council

President Trump has had a close relationship with America’s biggest tech leaders. They have flown across the world for investment announcements, attended intimate dinners at the White House, donned tuxedos and white ties for royal banquets, and have been known to bring golden gifts to him in the Oval Office.

Today he brings them in even closer. The White House announced that Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, and close pal and Oracle cofounder Larry Ellison will join a new President’s Council of Advisors on Science and Technology, along with 10 other tech leaders including Dell founder Michael Dell and Google cofounder Sergey Brin.

According to the White House, the group will “focus on topics related to the opportunities and challenges that emerging technologies present to the American workforce, and ensuring all Americans thrive in the Golden Age of Innovation.”

The full list of appointees:

Today he brings them in even closer. The White House announced that Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, and close pal and Oracle cofounder Larry Ellison will join a new President’s Council of Advisors on Science and Technology, along with 10 other tech leaders including Dell founder Michael Dell and Google cofounder Sergey Brin.

According to the White House, the group will “focus on topics related to the opportunities and challenges that emerging technologies present to the American workforce, and ensuring all Americans thrive in the Golden Age of Innovation.”

The full list of appointees:

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Saleah Blancaflor

Prediction markets show a tight (and tightening) Illinois Democratic Senate primary

It’s primary election time in Illinois, and as voters in the state head to the polls on March 17, there are a few races to watch closely across both parties.

While polls show that Darren Bailey is leading in the Republican race for governor, the primary election for a rare seat in the Democratic Senate to replace Sen. Dick Durbin is proving to be a tight one.

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At the top of the 10-candidate race are Raja Krishnamoorthi, Lt. Gov. Juliana Stratton, and Robin Kelly. Krishnamoorthi, a lawmaker from Chicago’s 8th Congressional District, was an early front-runner, received funding and support from several Congress members for the seat. Kelly, who represented the South Side’s 2nd Congressional District, has support from the Congressional Black Caucus and South Carolina Rep. Jim Clyburn. Meanwhile, Stratton has been endorsed by Gov. JB Pritzker, whose administration she used to work for, as well as Sen. Elizabeth Warren.

While polls suggested that Krishnamoorthi was favored to win, Stratton has seen a boost and late surge, though Krishnamoorthi still remains close behind. Capitol News Illinois reports that Illinois Future PAC, funded by Pritzker, has spent more than $10 million on ads elevating Stratton. Meanwhile, two PACs affiliated with the crypto industry have attempted to attack Stratton and promote Kelly. Indian American Impact, which endorsed Krishnamoorthi, reportedly employed similar tactics against Stratton.

Political insiders tell Capitol News Illinois the race could go either way, but they still expect Krishnamoorthi to come out on top. Prediction markets currently show that Stratton narrowly leading Krishnamoorthi.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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At the top of the 10-candidate race are Raja Krishnamoorthi, Lt. Gov. Juliana Stratton, and Robin Kelly. Krishnamoorthi, a lawmaker from Chicago’s 8th Congressional District, was an early front-runner, received funding and support from several Congress members for the seat. Kelly, who represented the South Side’s 2nd Congressional District, has support from the Congressional Black Caucus and South Carolina Rep. Jim Clyburn. Meanwhile, Stratton has been endorsed by Gov. JB Pritzker, whose administration she used to work for, as well as Sen. Elizabeth Warren.

While polls suggested that Krishnamoorthi was favored to win, Stratton has seen a boost and late surge, though Krishnamoorthi still remains close behind. Capitol News Illinois reports that Illinois Future PAC, funded by Pritzker, has spent more than $10 million on ads elevating Stratton. Meanwhile, two PACs affiliated with the crypto industry have attempted to attack Stratton and promote Kelly. Indian American Impact, which endorsed Krishnamoorthi, reportedly employed similar tactics against Stratton.

Political insiders tell Capitol News Illinois the race could go either way, but they still expect Krishnamoorthi to come out on top. Prediction markets currently show that Stratton narrowly leading Krishnamoorthi.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

US-POLITICS-CONGRESS-AI

Anthropic sues the US government

In response to the Pentagon’s unprecedented, punitive determination that Anthropic is a national security supply chain risk, the AI startup has sued the US government.

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OpenAI is reportedly working with Pentagon to hash out guardrails amid Anthropic standoff over AI safety

OpenAI CEO Sam Altman said the company is working with the Pentagon to negotiate safety guardrails for AI models used in the battlefield, which comes as one of its top competitors, Anthropic, is at a standoff with the government.

According to a memo obtained by several media outlets, Altman told staff OpenAI believes “that AI should not be used for mass surveillance or autonomous lethal weapons, and that humans should remain in the loop for high-stakes automated decisions. These are our main red lines.”

Anthropic, the company behind the AI chatbot Claude, was one of several firms that received a $200 million contract from the Department of Defense for “agentic workflows.”

Since then, tensions between Anthropic and the Pentagon have reportedly risen as the startup insists on surveillance restrictions. The government’s attack on Venezuela last month that led to the capture of President Nicolás Maduro reportedly involved the use of Anthropic’s Claude AI models for planning, which caused the startup to push back on the alleged violation of its terms of use.

Anthropic has until 5:01 p.m. ET on Friday to reach a deal with the Pentagon, which has threatened consequences against the company if it doesn’t allow the government unrestricted use.

Altman’s comments come as the Financial Times reports that executives at Amazon, Google, and Microsoft are being pushed by workers to support Anthropic in its dispute with the Pentagon and adopt similar guardrails as the Claude company in any work they undertake with the US military.

According to a memo obtained by several media outlets, Altman told staff OpenAI believes “that AI should not be used for mass surveillance or autonomous lethal weapons, and that humans should remain in the loop for high-stakes automated decisions. These are our main red lines.”

Anthropic, the company behind the AI chatbot Claude, was one of several firms that received a $200 million contract from the Department of Defense for “agentic workflows.”

Since then, tensions between Anthropic and the Pentagon have reportedly risen as the startup insists on surveillance restrictions. The government’s attack on Venezuela last month that led to the capture of President Nicolás Maduro reportedly involved the use of Anthropic’s Claude AI models for planning, which caused the startup to push back on the alleged violation of its terms of use.

Anthropic has until 5:01 p.m. ET on Friday to reach a deal with the Pentagon, which has threatened consequences against the company if it doesn’t allow the government unrestricted use.

Altman’s comments come as the Financial Times reports that executives at Amazon, Google, and Microsoft are being pushed by workers to support Anthropic in its dispute with the Pentagon and adopt similar guardrails as the Claude company in any work they undertake with the US military.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.