“Natcast signed on 200 members — notably, Nvidia, Intel, Apple, Samsung, Google and AMD — to pursue breakthroughs in the foundational technology that powers virtually every modern asset from AI to defense systems. The group spent its year-and-a-half existence trying to set up and eventually run a national hub where that R&D would happen, along with programs to ease the semiconductor industry’s severe talent crunch.
Lutnick’s clawback produced deep uncertainty while companies, researchers and lawmakers scrambled to understand where it leaves over a dozen awardees, plus the remaining billions. Nearly $2 billion was promised to infrastructure, research and workforce projects in states like Arizona, New York, California and Texas.
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The Commerce head has focused its dealmaking heavily on chipmakers. His new “investment accelerator” was handed supervision of tens of billions of dollars in CHIPS subsidies and ordered to negotiate “much better deals than those of the previous administration.” The undermining of Natcast followed an agreement to grant the U.S. a 10 percent stake in Intel, when Lutnick redid the terms of its CHIPS award.
Seven people, including from three Capitol Hill offices, raised concerns with the possibility that renegotiations for this $7.4 billion may involve similar government equity stakes. People also questioned whether requirements to share revenue from research patents could be under consideration. Lutnick spoke about subjecting universities to the idea the day after he voided the Natcast contract.
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When the agency started soliciting proposals for R&D funding last week, it told applicants, as a condition of an award, they “may be required to issue to the Department equity, warrants, licenses to intellectual property, royalties or revenue sharing, or other such instruments to ensure a return on investment.” The guidelines do not mention the national hub, yet cite the law that established it.
LC: If we need these companies to produce important technology, then we don’t need special deals to help them. We should help them because it is good for the country. The technology will produce a better economy and therefore more normal tax revenue. If we want these companies to pay us back directly, just make sure they are paying their normal taxes.
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“They decided to burn two years of delay to try to create their own thing,” said a former Trump official, who, like several others for this report, was granted anonymity to discuss a sensitive topic. “While Natcast was not a Republican initiative and wasn’t how we wanted it go, I think it was better than burning down the whole system and starting over again.”
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“The companies are scared,” said a person familiar with the industry dynamics. “Companies want CHIPS funding, and they’re very afraid that if they speak out, they’ll lose it. No one wants to come into the crosshairs of the administration.”
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“There’s just a feeling of, for many of us, a year’s work going down the tubes, taxpayer dollars being flushed down the toilet,” said one person closely associated with Natcast.”
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An industry lobbyist said, “those who stand to lose the most in this process will be start-ups and research centers that were at the cutting edge of innovation.””
“While Alphabet “continued to develop and enforce its policies independently, Biden Administration officials continued to press [Alphabet] to remove non-violative user-generated content,” a lawyer for Alphabet wrote in a September 23 letter to House Judiciary Committee Chairman Jim Jordan. Administration officials including Biden “created a political atmosphere that sought to influence the actions” of private tech platforms regarding the moderation of misinformation.
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the Biden administration’s attempts to pressure private companies into doing their bidding with regard to free speech seems quite quaint in comparison to what the Trump administration has been doing.”
“When Democrats pushed the $1.2 trillion Bipartisan Infrastructure Law (BIL) through Congress in 2021—with hardly any bipartisan support—Donald Trump warned Republicans not to vote for it. “Patriots will never forget!” said Trump, who described the bill as “a loser for the USA, a terrible deal, and makes the Republicans look weak, foolish, and dumb.”
Patriots may never forget, but it appears that Trump—who is now taking credit for projects funded by the bill—has.”
“During the Biden administration’s four years, the CDC recorded a total of 527 cases. In just the first seven months of the Trump administration, there have been 1,408 cases with 176 hospitalizations and three deaths. That’s a 267 percent increase over the Biden administration’s entire toll. Instead of immediately recommending measles vaccines at the beginning of the outbreak, RFK Jr. initially advised giving vitamin A to children.
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The CDC’s manifold failures during the COVID-19 pandemic made it clear that it needs drastic reform and a return to its roots as an agency focused on fighting infectious epidemic disease. This evidently is not the sort of reform that RFK Jr. intends. Firing Monarez may not be “weaponizing public health,” but it sure looks a lot like gutting it.”
Trump continues to bully and sue to suppress the press and free speech. He knows that just to defend a lawsuit is incredibly expensive, and hopes that people just give in.
“Alexander Ledvina was convicted of violating a federal law that bars illegal drug users from owning guns. Exactly a year later, President Joe Biden, whose administration had zealously defended that law in court, pardoned his son, Hunter Biden, for committing the same crime.
Ledvina, a marijuana user who was 26 when he was arrested, was sentenced to four years and three months in federal prison. Hunter Biden, a middle-aged former crack user, faced up to 25 years in prison after he was convicted of illegal gun possession and two related firearm offenses. But thanks to his father’s intervention, he did not suffer any criminal punishment at all.
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Under 18 USC 922(g)(3), “an unlawful user” of “any controlled substance” who receives or possesses a firearm is committing a felony punishable by up to 15 years in prison.”
Hunter Biden defends himself and spits hot fire. Takes on MAGA, Democrats, Jake Tapper, and a waterfall of lies. Discusses his: drug addiction, gun charge, and late taxes.
“When it became clear that overdoses had risen dramatically in 2020, experts surmised that it had something to do with the social and economic disruption caused by the COVID-19 pandemic and the government’s response to it—an impression confirmed by subsequent research.
A 2024 study found that “volatile drug use during the COVID-19 pandemic was common, appeared to be driven by structural vulnerability, and was associated with increased overdose risk.” Another study published the same year concluded that “policies limiting in-person activities significantly increased” drug death rates.
If pandemic-related disruption drove the 2020 overdose spike, the return to normal life seems like a plausible explanation for subsequent decreases, although the death toll was still about 14 percent higher last year than it was in 2019. Last fall, University of North Carolina drug researcher Nabarun Dasgupta and his colleagues suggested other possible factors, including wider availability of naloxone, an opioid antagonist that quickly reverses overdoses.”