U.S. government’s Intel stake swells to $35 billion, netting $26.5 billion unrealized gain

The U.S. government is holding an unrealized gain of roughly $26.5 billion on its Intel (INTC) stake after the chipmaker’s shares jumped more than 22% in pre-mrket trading on Friday, following a stronger-than-expected first-quarter earnings report. The position stems from an August deal in which the Trump administration converted $8.9 billion in CHIPS Act grants…

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Introspect on reputational cost of aiding terror exporter Pakistan, India tells China | India News

NEW DELHI: Amid reports that China provided tech assistance to Pakistan in the military conflict that followed India’s Op Sindoor last year, the govt urged China to introspect about the likely reputational cost of backing terrorist infrastructure. The Ministry of External Affairs (MEA) said that the reports had only corroborated what was already known.“Operation Sindoor…

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