Why Elon Musk may be the biggest loser of the Midterms
Elon Musk was not on the ballot in Tuesday’s U.S. midterm elections, but he emerged as one of the biggest losers after Democrats swept to vic...
President Donald Trump signed four executive orders directing the Department of Energy to ease regulations and accelerate the construction of nuclear reactors.
President Donald Trump issued four executive orders on Friday that aim to transform nuclear energy development in the United States by speeding up regulatory processes and expanding reactor construction.
The orders require the Nuclear Regulatory Commission (NRC) to approve nuclear reactor licenses within 18 months, significantly shortening a process that previously took several years. They also authorize the Energy and Defense departments to build new nuclear reactors on federal land, intended to support defense operations and power artificial intelligence (AI) data centers.
An unnamed administration official told CNBC that the orders will enable safe and reliable nuclear energy to power critical defense facilities and AI infrastructure.
Michael Kratsios, director of the White House Office of Science and Technology Policy, called the actions historic, saying they will help secure America’s energy dominance and deliver affordable, reliable, safe, and secure power to the public.
Kratsios added that President Trump is signaling a renewed commitment to nuclear energy, which could mark the start of an American nuclear renaissance.
The most recent reactors built at Plant Vogtle in Georgia took seven years longer than planned and cost $18 billion more than expected due to regulatory delays.
The fast-growing computer technology sector is expected to benefit most from new nuclear plants, as AI data centers require large amounts of energy in a competitive industry.
This policy marks a shift from previous U.S. caution toward nuclear energy, which was influenced by historic environmental concerns such as the 1979 Three Mile Island nuclear accident in Pennsylvania.
One of the executive orders also calls for increased domestic mining and enrichment of uranium to reduce reliance on foreign sources and support nuclear power generation.
The Trump administration has emphasized that nuclear energy is vital for powering next-generation technologies, maintaining global industrial and digital leadership, achieving energy independence, and enhancing national security.
Democrat wins surged on Tuesday across the United States with stunning victories in the South Carolina, Texas and Ohio senate races -- traditionally Republican strongholds -- in the 3 November midterm elections.
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Democrats captured majorities in both chambers of Congress on Tuesday, scoring sweeping victories that reached into Republican strongholds, with millions of voters delivering a strong rebuke to President Donald Trump.
U.S. President Donald Trump says Washington will end its annual financial and military aid to Israel by the end of 2026, under an agreement he claims to have reached with Israeli Prime Minister Benjamin Netanyahu.
Iranian parliament speaker Mohammad Bagher Ghalibaf says the U.S. must act to prevent war after Tehran sent a “strong and rational response” to Washington. Meanwhile, U.S. forces have reportedly carried out limited strikes against Iranian targets, including Qeshm Island,
Elon Musk was not on the ballot in Tuesday’s U.S. midterm elections, but he emerged as one of the biggest losers after Democrats swept to victory, threatening his political influence and exposing his business empire to greater scrutiny.
Montenegro has moved a step closer to becoming the European Union's next member, with Brussels signalling that the Balkan country could join by 2028, ending more than a decade without EU enlargement.
Thousands of protesters, including students and artists, marched through Prague and other Czech cities on Tuesday as public television and radio workers staged a one-day strike over government plans to cut funding and bring the broadcasters under state budget control.
As oil prices surge amid conflict in the Gulf, energy leaders at ADIPEC in Abu Dhabi are confronting two major challenges: securing global supplies and meeting soaring electricity demand from artificial intelligence.
North Korea fired multiple missiles into the sea off its east coast on Wednesday, South Korea's Defence Ministry said, in Pyongyang's fourth weapons launch in a month.
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