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Uranium market watchers know that Canada’s Athabasca Basin is among the world’s richest uranium jurisdictions and hosts several of the highest-grade uranium deposits on the planet.

Spanning close to 100,000 square kilometers of the Canadian Shield of Northern Saskatchewan and Alberta, the Athabasca Basin is a major contributor to Canada’s status as the second largest uranium producer and the third largest country by uranium reserves.

Unsurprisingly, the region is home to the world’s largest uranium mine, Cigar Lake. The mine reports average grades of 14.69 percent U3O8 and accounts for 14 percent of global uranium production.

First commissioned in 2014, Cigar Lake is operated by uranium major Cameco (TSX:CCO,NYSE:CCJ), which holds a 54.547 percent stake in the mine, as part of a joint venture with Orano Canada at 40.453 percent and TEPCO Resources at 5 percent. Ore from the underground mine property is processed at Orano’s McClean Lake mill, located 70 kilometers from the mine.

Uranium was first discovered in the Athabasca Basin in 1934, and today the region remains a major hot spot for uranium exploration. In recent years, a number of Athabasca Basin uranium companies have made exciting new discoveries, sparking a staking rush by others looking to get in on the action.

Athabasca Basin uranium exploration companies

1. ATHA Energy (TSXV:SASK,OTCQB:SASKF)

ATHA Energy has an extensive uranium exploration pipeline across Canada, including in Saskatchewan’s Athabasca Basin. At 3.8 million acres, ATHA’s land package in the Athabasca Basin includes the Gemini project, a basement-hosted near-surface uranium deposit with uranium intercepts of between 6,190 and 96,600 parts per million.

The company also holds a 10 percent carried interest in exploration projects operated by NexGen Energy (TSX:NXE,NYSE:NXE) and IsoEnergy (TSX:ISO).

2. Azincourt Energy (TSXV:AAZ,OTCQB:AZURF)

Azincourt Energy has two uranium projects in Canada, one of which is its East Preston joint venture project near the southern edge of the Western Athabasca Basin. Azincourt has an 86.5 percent interest, with the remainder held by Skyharbour Resources. The 20,647 hectare property is adjacent to Skyharbour’s minority-owned Preston project.

Azincourt says it is targeting basement-hosted unconformity-related uranium deposits in two prospective conductive, low-magnetic-signature corridors. The company is planning for a fall 2025 geophysics exploration program at East Preston in preparation for a potential winter 2026 diamond drill program.

3. Baselode Energy (TSXV:FIND)

Baselode Energy’s strategy is developing assets near the Athabasca Basin with similar geology. Its ACKIO near-surface uranium discovery at its Hook project is located directly adjacent to the Athabascan Basin. First discovered by the company in September 2021, the ACKIO near-surface uranium prospect is more than 375 meters along strike, and more than 150 meters wide.

Baselode has identified at least nine separate uranium pods, or small bodies of mineralization, on the project. Drill results from its summer 2024 exploration program were released in May 2025, demonstrating the potential for further expansion of the known uranium mineralization at ACKIO.

4. CanAlaska Uranium (TSXV:CVV)

CanAlaska Uranium is a project generator with interests in a portfolio of assets in the Athabasca Basin covering 1.24 million acres. The company is advancing its West McArthur joint venture with Cameco, which is situated near the McArthur River mine in the Eastern Athabasca Basin. CanAlaska owns 85 percent of the project.

CanAlaska’s 2025 C$12.5 million drill program at West McArthur is aimed at expanding and delineating the high-grade Pike Zone uranium discovery.

Earlier this year, the company completed the first drilling in over 10 years at its wholly owned Cree East deposit in the south-eastern portion of the Basin. The drill program was fully funded by Nexus Uranium (CSE:NEXU,OTCQB:GIDMF) as part of an option earn-in agreement to earn up to 75 percent interest in the project.

5. Denison Mines (TSX:DML)

Uranium miner Denison Mines’ direct ownership interests in the Athabasca Basin region covers approximately 384,000 hectares. The company has a 22.25 percent stake in the McClean Lake mine and mill joint venture project operated by Orano Canada.

Denison’s flagship project in the region is Wheeler River, considered the largest undeveloped uranium project in the eastern region of the Athabasca Basin. Wheeler River hosts the high-grade Phoenix and Gryphon deposits.

According to a 2023 feasibility study, Phoenix hosts a proven and probable resource of 219,000 metric tons at an average grade of 11.7 percent uranium for 53.3 million pounds. The company plans to develop the deposit as an in-situ recovery operation.

The Canadian Nuclear Safety Commission is slated to conduct hearings for the project’s environmental assessment and license on October 8 and December 8 to 12, 2025. If approval is granted, the company is looking to break ground in early 2026 and commence production by the first half of 2028.

As for the Gryphon deposit, Denison has evaluated it as a conventional mine in a pre-feasibility study. The company conducted a field program in the first quarter 2025 that may be used for a future feasibility study.

6. F3 Uranium (TSXV:FUU,OTCQB:FUUFF)

F3 Uranium has three exploration properties in the western region of the Athabasca Basin: the advanced-stage Patterson Lake North project, which hosts the JR discovery, as well as the early-stage Minto and Broach projects.

In February 2025, the company launched a drill campaign at its Patterson Lake North project followed by ground geophysical exploration programs at its Broach and Minto projects. F3 Uranium raised C$7 million in flow-through shares in May 2025, which will go towards further exploration of its uranium projects.

7. Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF)

Forum Energy Metals has numerous wholly owned and joint venture projects hosting new discoveries of high-grade unconformity-related uranium deposits in the Athabasca Basin. So far in 2025, the company’s focus has been on the Northwest Athabasca (NWA) project, a joint venture between Forum at 45.4 percent, NexGen Energy at 25.3 percent, Cameco at 18 percent and Orano Canada at 11.3 percent.

Early in the year, Forum announced an option agreement allowing Global Uranium (CSE:GURN,OTCQB:GURFF) to earn up to 75 percent of Forum’s stake in the property by spending C$20 million in exploration expenditures at NWA.

In April, Global Uranium completed a diamond drilling program and ground geophysical surveys on the project, which intersected elevated radioactivity and alteration systems distinct to unconformity-type uranium mineralization.

8. IsoEnergy (TSX:ISO)

IsoEnergy has a portfolio of projects and joint ventures in the Eastern Athabasca Basin, and its main focus is the Hurricane deposit at its wholly owned Larocque East uranium property.

The company discovered Hurricane in 2018 and it now stands as the world’s highest-grade indicated resource of uranium. A 2022 resource estimate reported an indicated high-grade resource of 63,800 metric tons grading 34.5 percent uranium for 48.61 million pounds of contained uranium.

IsoEnergy’s summer exploration program will include drilling to test potential resource expansion at Larocque East as well as exploration at its other Athabasca Basin projects.

9. NexGen Energy (TSX:NXE,NYSE:NXE)

NexGen is another uranium mining company with a large land package in the basin, including its development-stage Rook I project.

Rook I has a measured and indicated resource estimate of 256.7 million pounds contained uranium from ore grading an average of 3.1 percent U3O8. The 2021 feasibility study outlines an 11.5 year initial mine life with up to 29.2 million pounds of U3O8 production per year for the first five years.

The Federal Environmental Impact Statement for Rook I was accepted in January 2025, and the Canadian Nuclear Safety Commission has proposed hearing dates for the project on November 19, 2025, and February 9 to 13, 2026. NexGen plans to immediately begin construction activities following final federal approval.

10.Paladin Energy (TSX:PDN)

Paladin Energy’s Patterson Lake South (PLS) project hosts the large, high-grade and near-surface Triple R deposit, which has the potential to produce both uranium and gold. The company acquired it as part of its acquisition of Fission Uranium in 2024. Paladin also holds six early-stage uranium projects in the basin.

PLS’s mineral reserve estimate includes probable reserves of 93.7 million pounds from 3 million metric tons of ore at an average grade of 1.41 percent U3O8. The 2023 feasibility study demonstrates life of mine production of approximately 9 million pounds U3O8 per year over a 10 year mine life.

The company released positive drill results from its winter drill program on the Saloon East zone in June 2025 showing the potential to further grow the resource base of the property outside of the Triple R deposit. The project is advancing through the environmental permitting process.

11. Purepoint Uranium (TSXV:PTU)

Purepoint Uranium has an extensive uranium portfolio, including six joint ventures and five wholly owned projects all located in the Athabasca Basin.

Purepoint has a significant joint venture relationship with IsoEnergy (TSX:ISO) that includes a 50/50 joint venture agreement to explore 10 uranium projects across 98,000 hectares in the eastern portion of the Athabasca Basin. The partners launched a 2025 drill campaign in May at the Dorado project, which will include approximately 5,400 meters across 18 holes, targeting high-priority electromagnetic conductors for uranium mineralization.

Its joint ventures also include the Hook Lake uranium project in the Patterson region, in which it owns a 21 percent interest alongside Cameco and Orano Canada, which both hold 39.5 percent.

12. Skyharbour Resources (TSXV:SYH,OTCQX:SYHBF)

Skyharbour Resources is another junior mining company with an extensive portfolio of uranium exploration projects in the Athabasca Basin, comprising 36 uranium projects over 614,000 hectares. The company’s core projects include its 57.7 percent owned Russell Lake project — a joint venture with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) — and its wholly owned Moore project.

Skyharbour’s 49,635 hectare Preston uranium project in the western portion of the Athabasca Basin is the subject of a 7,000 meter 2025 summer drill campaign being conducted by its joint venture partner, Orano Canada. Orano is the majority owner and operator at the project at 53.4 percent, while Skyharbour owns a minority interest of approximately 25.6 percent. The remainder is held by Dixie Gold.

13. Standard Uranium (TSXV:STND,OTCQB:STTDF)

Standard Uranium is an emerging project generator that holds interest in over 94,476 hectares in the Athabasca Basin, including its flagship Davidson River project in the southwest region of the basin.

In spring 2025, Standard Uranium partnered with Fleet Space Technologies Canada on three ExoSphere Multiphysics survey grids across the Warrior, Bronco and Thunderbird conductors at Davidson River. The surveys will provide important data for upgrading drill targets across the property through imaging of density anomalies in the basement rock.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Mali’s military-led government has completed its takeover of the Yatela and Morila gold mines.

Reuters reported on Monday (June 30) that according to the Malian government, control of the Yatela mine in Western Kayes and the Morila mine in Southern Sikasso has officially been transferred to the Society for Research and Exploitation of Mineral Resources of Mali (SEMOS), a newly formed entity in the country.

The Yatela mine was abandoned in 2016 by Sadiola Exploration Company — a joint venture between South Africa’s AngloGold Ashanti (NYSE:AU,JSE:ANG) and Canada’s IAMGOLD (TSX:IMG,NYSE:IAG) — after the operators deemed continued production uneconomic despite leftover reserves.

Morila, once one of Mali’s flagship gold sites, was abandoned in 2022 by Australia’s Firefinch, which had taken over the site from Barrick Mining (TSX:ABX,NYSE:B) and AngloGold. Mali’s government says Morila was left with “significant environmental and financial liabilities,” raising concerns about whether SEMOS can turn operations around profitably.

These moves are part of a broader push by Mali’s military government, which came to power after coups in 2020 and 2021, to restructure the gold sector and capture more revenue from high commodities prices.

Mali produces around 65 metric tons of gold annually, making it Africa’s second largest producer, yet it lacks an internationally certified refinery and is heavily dependent on foreign operators for both technology and market access.

Earlier this year, Business Insider Africa reported that the country had started construction on a Russia-backed gold refinery, another step meant to increase control over its natural resources.

Since taking power, Mali’s authorities have steadily pressured miners via higher taxes, tougher licensing conditions and new contract terms aligned with its 2023 mining code, which grants the state a bigger stake in operations.

Yet critics caution that simply taking over mines without clear management plans or technical expertise risks undercutting investor confidence and missing out on today’s high gold price.

Gold is up 28.5 percent year-to-date, hitting an all-time high of US$3,500 per ounce in April, driven by geopolitical fears and US President Donald Trump’s aggressive tariff policy.

Mali’s ongoing dispute with Barrick Mining

Mali’s relationship with Barrick has soured amid the country’s move to exert resource sector control.

Earlier this month, a commercial court in Bamako ordered the temporary transfer of control of Barrick’s flagship Loulo-Gounkoto gold complex to a state-appointed administrator for six months.

Judge Issa Aguibou Diallo appointed Soumana Makadji, a former health minister and certified accountant, to oversee the complex, participate in negotiations and report to the court quarterly, but not to the government directly.

Barrick called the move “unjustified” and “unprecedented,” maintaining that it remains committed to previous mining conventions and that the Malian government’s push to apply the 2023 mining code retroactively is legally invalid.

Barrick’s Loulo-Gounkoto complex, among the most productive gold mines in Africa, has been inactive since January after Malian authorities seized roughly 3 metric tons of gold over disputed taxes.

Since November 2024, the government has also blocked gold exports from the site, escalating tensions as the gold rally has boosted Mali’s hopes for greater revenue.

The government insists that Barrick must comply with its revised mining framework. Barrick, on the other hand, has started international arbitration to protect its long-term agreements.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Senior Democratic Party officials vowed Monday to ‘fight tooth and nail’ to keep in place federal campaign spending limits up for Supreme Court review this fall — describing the GOP-led effort to repeal the limits as unprecedented and dangerous ahead of the 2026 midterm elections.

The Supreme Court on Monday agreed to review the case, National Republican Senatorial Committee v. Federal Election Commission, taking up a challenge filed by the National Republican Senatorial Committee, the National Republican Congressional Committee, and on behalf of two Senate Republican candidates, including now-Vice President JD Vance, following the 2022 elections.

In a statement Monday, the Democratic campaign groups vowed to fight back against what they characterized as the GOP’s attempt to ‘sow chaos and fundamentally upend our campaign finance system, which would return us to the pre-Watergate era of campaign finance.’

At issue are federal spending limits that restrict the amount of money political parties can spend on behalf of certain candidates — and which Republicans argue run afoul of free speech protections under the First Amendment of the Constitution.

A decision from the Supreme Court’s 6-3 conservative majority could have major implications on campaign spending in the U.S., further eroding the Federal Election Campaign Act of 1971, a law Congress passed more than 50 years ago with the aim of restricting the amount of money that can be spent on behalf of candidates.

That law, and subsequent amendments, restricts the amount of money that political parties can funnel into certain campaigns.

Senior Democratic Party officials described the GOP-led effort Monday as the latest effort by Republicans to claw back campaign spending limits and erode some 50 years of federal election law.

‘Republicans know their grassroots support is drying up across the country, and they want to drown out the will of the voters,’ DCCC chair Suzan DelBene, DSCC chair Kirsten Gillibrand, and DNC chair Ken Martin said in a joint statement Monday. 

The case is almost certain to be one of the most high-profile cases heard by the Supreme Court this fall.

Adding to the drama is the involvement of the Trump-led Justice Department, which said in May that it planned to side with the NRSC in the case — putting the Trump administration in the somewhat unusual position of arguing against a law passed by Congress.

Justice Department officials cited free speech protections as its basis for siding with the NRSC, which they said represents ‘the rare case that warrants an exception to that general approach’ of backing federal laws.’ 

Meanwhile, the Democratic groups sought to go on offense with their message, describing the GOP efforts as the latest iteration of a decades-long effort to ‘rewrite’ election laws in ways that benefit the party. They cited another Republican-led challenge to campaign spending limits brought more than 20 years ago, in Colorado Republican Federal Campaign Committee v. FEC. 

That challenge was ultimately rejected by the high court, DNC officials noted.

‘To date, those efforts have failed at every turn, ensuring a stable, predictable campaign finance structure for party committees and political candidates across the country,’ DNC officials said. 

Meanwhile, Republican officials praised the Supreme Court’s decision to take up the case, which they described as helping the GOP ensure they are in ‘the strongest possible position’ ahead of the 2026 midterms and beyond.’

‘The government should not restrict a party committee’s support for its own candidates,’ Sen. Tim Scott, R-S.C., and Rep. Richard Hudson, R-N.C. who chair the NRSC and NRCC, respectively, said Monday.

‘These coordinated expenditure limits violate the First Amendment, and we appreciate the court’s decision to hear our case,’ they added.

This post appeared first on FOX NEWS

The State Department has joined the pope in lashing out at the latest massacre of Christians in Nigeria, reportedly by Islamist Fulani ‘terrorists.’

Pope Leo XIV declared during a recent address to thousands at the Vatican that ‘some 200 people were murdered, with extraordinary cruelty’ on June 13 in Yelewata, in Nigeria’s Benue State.

Late Monday, a State Department spokesperson told Fox News Digital, ‘We strongly condemn these increasing attacks, including recent massacres in Benue state which primarily targeted Christian farming villages.’

‘Shouting ‘Allahu Akbar’ (Arabic for ‘God is great’), they (the attackers) burnt the buildings and attacked people with guns and machetes,’ NGO Aid to the Church in Need wrote in a statement, adding that the militants ‘used fuel to set fire to the doors of the people’s accommodation before opening fire.’

The pope told the crowds in Rome that the majority of those ‘brutally killed’ in Yelewata had been sheltering in a Catholic sanctuary. ‘Most of the victims were internal refugees, who were hosted by a local Catholic mission,’ the pontiff stated. He added that he would pray for ‘security, peace and justice,’ particularly for ‘rural Christian communities of the Benue state who have been relentless victims of violence.’

Nigeria is one of the most dangerous places in the world to be a Christian, according to Open Doors International’s 2025 World Watch List (WWL). Of the 4,476 Christians killed worldwide in WWL’s latest reporting period, 3,100 of those who died – 69% – were in Nigeria. 

Talking to Fox News Digital, a State Department spokesperson reinforced reports that the attacks on Christians are being carried out by Islamic militant groups. ‘The United States remains deeply concerned about the levels of violence in Nigeria, including the threats posed by terrorist groups like Boko Haram and ISIS-West Africa in northern Nigeria, and the impact that violence has on all communities in Nigeria.’

This year, Islamist militants have often attacked areas of Nigeria where the people are predominantly Christian. Benue State, where the latest massacre took place, is said to be 93% Christian. 

One Nigerian church leader, who asked to remain anonymous for his safety, told Fox News Digital just last month that what the attackers ‘want is to be sure that Islam [takes] over every part of these places. … And so they’re doing everything to make sure that Christianity is brought down and Islam is [the] established No. 1. They want to make sure that Sharia law (strict Islamic law) has taken over Nigeria.’

The State Department spokesperson appeared to back up this viewpoint, saying, ‘violent extremist groups target a wide range of civilians and military targets as part of their broader campaign against a secular state. The increase in violent Islamic extremism and repeated attacks against vulnerable communities in Nigeria must be addressed more effectively.’

A Nigerian bishop told Fox News Digital in June that he had been threatened and his home village murderously attacked after he appealed to lawmakers at a March congressional hearing for the killing of Christians to stop.

Bishop Wilfred Anagbe said that after he went to Washington to testify, ‘terrorist Jihadists’ killed 20 parishioners in four attacks in 10 days in his diocese, the area he is responsible for.

Now, the bishop is in hiding after several foreign embassies in Nigeria’s capital Abuja warned him of credible high-level official threats that ‘something might happen to him.’

The State Department spokesperson added, ‘We regularly urge the Government of Nigeria to intensify their efforts to protect civilians, enforce rule of law, and hold perpetrators accountable. The United States partners with the Government of Nigeria to strengthen Nigeria’s counterterrorism capabilities, working together toward the elimination of terrorist organizations and their networks of support.’

The Nigerian government did not respond to a Fox News Digital request for comment. However, President Bola Tinubu visited Benue State this past week and told reporters, ‘Let’s fashion out a framework for lasting peace.’ 

The same day, in the same district, six more people were reported to have been killed.

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A deal that had been reached between Sens. Marsha Blackburn, R-Tenn., and Ted Cruz, R-Texas, over how states can regulate artificial intelligence has been pulled from President Donald Trump’s ‘big, beautiful’ bill.

The collapsed agreement would have required states seeking to access hundreds of millions of dollars in AI infrastructure funding in the ‘big, beautiful’ bill to refrain from adopting new regulations on the technology for five years, a compromise down from the original 10 years.

It also included carveouts to regulate child sexual abuse material, unauthorized use of a person’s likeness and other deceptive practices.

Blackburn announced Monday night that she is withdrawing her support for the agreement.

‘For as long as I’ve been in Congress, I’ve worked alongside federal and state legislators, parents seeking to protect their kids online, and the creative community in Tennessee to fight back against Big Tech’s exploitation by passing legislation to govern the virtual space,’ Blackburn said in a statement to Fox News.

‘While I appreciate Chairman Cruz’s efforts to find acceptable language that allows states to protect their citizens from the abuses of AI, the current language is not acceptable to those who need these protections the most,’ she continued. ‘This provision could allow Big Tech to continue to exploit kids, creators, and conservatives.’

Blackburn added: ‘Until Congress passes federally preemptive legislation like the Kids Online Safety Act and an online privacy framework, we can’t block states from making laws that protect their citizens.’

When asked about Blackburn pulling her support for the compromise, Cruz told Punchbowl News the ‘night is young.’

But Blackburn appears to now be co-sponsoring an amendment with Sen. Maria Cantwell, D-Wash., that would completely pull the AI moratorium from the bill.

Cantwell had earlier said that the since-scrapped deal between Blackburn and Cruz would do ‘nothing to protect kids or consumers.’

‘It’s just another giveaway to tech companies,’ Cantwell said in a statement Monday. ‘This provision gives AI and social media a brand-new shield against litigation and state regulation. This is Section 230 on steroids.’

Blackburn is one of several Republicans who have expressed concerns about the 10-year ban on state AI regulation.

Last week, 17 Republican governors wrote a joint letter to Senate Majority Leader John Thune, R-S.D., and House Speaker Mike Johnson, R-La., calling for the pause to be scrapped completely.

‘AI is already deeply entrenched in American industry and society; people will be at risk until basic rules ensuring safety and fairness can go into effect,’ the letter reads. ‘Over the next decade, this novel technology will be used throughout our society, for harm and good. It will significantly alter our industries, jobs, and ways of life, and rebuild how we as a people function in profound and fundamental ways.’

‘That Congress is burying a provision that will strip the right of any state to regulate this technology in any way – without a thoughtful public debate – is the antithesis of what our Founders envisioned,’ it continued.

Some House Republicans also said they do not support the AI provision, including Rep. Marjorie Taylor Greene, who admitted she found out about it a few days after voting for Trump’s spending bill.

‘Full transparency, I did not know about this,’ Greene wrote on X. ‘I am adamantly OPPOSED to this and it is a violation of state rights and I would have voted NO if I had known this was in there.’

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It’s a bittersweet day for Windows users.

Microsoft is scrapping its iconic “blue screen of death,” known for appearing during unexpected restarts on Windows computers. The company revealed a new black iteration in a blog post on Thursday, saying that it is “streamlining the unexpected restart experience.”

The new black unexpected restart screen is slated to launch this summer on Windows 11 24H2 devices, the company said. Microsoft touted the updates as an “easier” and “faster” way to recover from restarts.

The software giant’s blue screen of death dates back to the early 1990s, according to longtime Microsoft developer Raymond Chen.

Travelers walk past screens after a major disruption in Microsoft’s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19.Vipin Kumar / Hindustan Times via Getty Images file

Microsoft also said it plans to update the user interface to match the Windows 11 design and cut downtime during restarts to two seconds for the majority of users.

“This change is part of a larger continued effort to reduce disruption in the event of an unexpected restart,” Microsoft wrote.

The iconic blue screen was seemingly everywhere in July 2024 after a faulty update from CrowdStrike crashed computer systems around the world.

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Many senators failed to get their amendments across the finish line during the chamber’s vote-a-rama on Monday, leaving the future of President Donald Trump’s ‘big, beautiful bill’ uncertain.

Two key failures came from Sen. Susan Collins, R-Maine, and Sen. John Cornyn, R-Texas, with the former proposing a plan that would have boosted funding for rural hospitals and the latter calling for further cuts to Medicaid. 

Collins and Cornyn were far from the only lawmakers who had amendments fail, however. Here are some details on some of the unsuccessful efforts, plus one that succeeded with nearly unanimous support.

Rural hospital funding

Collins’ amendment would have doubled funding for rural hospitals from $25 billion to $50 billion over the next 10 years, and it would have allowed a larger number of medical providers to access the funds.

‘Rural providers, especially our rural hospitals and nursing homes, are under great financial strain right now, with many having recently closed and others being at risk of closing,’ Collins said prior to the vote. ‘This amendment would help keep them open and caring for those who live in rural communities.’

Collins said the bill was something of an olive branch to Democrats, who had criticized the cuts to Medicaid involved in the megabill. Her amendment would also have raised tax rates for individuals who make more than $25 million per year and couples who make more than $50 million.

‘They’ve complained repeatedly about the distribution in this bill, of Medicaid cuts hurting individuals, rural hospitals, and tax cuts being extended for people who are wealthy, and yet when I tried to fix both those problems, they took a very hypocritical approach,’ Collins said.

Sen. Ron Wyden, D-Ore., argued Collins’ amendment was merely putting a ‘Band-Aid on an amputation.’

Expanded Medicaid cuts

Cornyn was joined by Sens. Rick Scott, R-Fla., and John Barrasso, R-Wyo., in pushing an amendment cutting an additional $313 billion in Medicaid funding on Monday.

The trio said they were pushing to limit the growth of Medicaid, and they had been confident the adjustment would pass. All three were seen entering Senate Majority Leader John Thune’s office on Monday as it became clear the amendment lacked support.

The base bill already cuts some $930 billion in funding for Medicaid, leading many of the trio’s colleagues to balk at further cuts.

‘It just seems like we’ve taken it as far as I’m comfortable taking it,’ said Sen. Jim Justice, R-W.V., regarding trims to Medicaid.

Boosting deductibles for teachers

Kennedy had proposed an amendment that would have allowed teachers to deduct $600 in school supplies that they pay for out of pocket each year.

The proposal ultimately failed in a 46-54 vote.

Child tax credit enhancement

Bennet proposed an amendment that would have increased both the amount and availability of the child tax credit included in the megabill, but it failed to garner enough support.

The Senate rejected Bennet’s proposal in a 22-78 vote.

Clearing the way for state AI laws

One amendment that did succeed was a measure that killed a provision in the bill that would have placed a 10-year moratorium on state AI regulations.

The original version of the bill would have forced states to choose between enforcing AI regulations or accepting federal funding to expand broadband internet access. Sens. Edward Markey, D-Ma., and Marsha Blackburn, R-Tenn., joined Sen. Maria Cantwell in sponsoring the amendment.

‘The Senate came together tonight to say that we can’t just run over good state consumer protection laws,’ Cantwell said Monday. ‘States can fight robocalls, deepfakes and provide safe autonomous vehicle laws. This also allows us to work together nationally to provide a new federal framework on Artificial Intelligence that accelerates U.S. leadership in AI while still protecting consumers.’

The Senate passed the amendment in an overwhelming 99-1 vote.

Sen. Thom Tillis, R-N.C., was the sole vote opposing the measure.

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Google on Monday announced a partnership with Commonwealth Fusion Systems, or CFS, a private company spun off from the Massachusetts Institute of Technology, which marks the tech giants first commercial commitment to fusion.

The company unveiled plans to buy 200 megawatts of clean fusion power from what CFS describes as the world’s first grid-scale fusion power plant, known as ARC, based in Chesterfield County, Virginia.

ARC is expected to come online and generate 400 megawatts of clean, zero-carbon power in the early 2030s, which is enough energy to power large industrial sites or roughly 150,000 homes, according to CFS. The agreement also gives Google the option to purchase power from additional ARC plants.

Google, which has invested in CFS since 2021, said it also increased its stake in the Devens, Massachusetts-based company.

Google and CFS did not disclose the financial terms.

“We’re excited to make this longer-term bet on a technology with transformative potential to meet the world’s energy demand, and support CFS in their effort to reach their scientific and engineering milestones needed to get there,” Michael Terrell, head of advanced energy at Google, said in a statement.

Fusion is a process that takes light atomic nuclei and heats them to over 100 million degrees Celsius. At these temperatures, the fuel becomes a plasma, which eventually causes the nuclei to fuse and release significant amounts of energy. The energy is then captured to create carbon-free electricity.

CFS is one of many firms racing to achieve commercial-scale fusion energy and Google has invested in others. Earlier this month, Google announced continued funding for TAE Technologies, a California-based fusion energy company.

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Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals.

Shares of Home Depot were roughly flat in early trading Monday. GMS shares jumped more than 11%.

As part of the deal, the Home Depot-owned subsidiary SRS Distribution will buy all outstanding shares of GMS for $110 per share, which adds up to about $4.3 billion and amounts to total enterprise value including net debt of about $5.5 billion, the company said.

Home Depot said it expects the acquisition to be completed by early 2026.

Home Depot’s announcement also concludes a potential bidding war between the big-box retailer and billionaire Brad Jacobs. Jacobs’ building-products distributor QXO had offered about $5 billion in cash to acquire GMS and said it would press forward with a hostile takeover if the company’s management rejected the proposal.

As Home Depot chases growth, it’s gone after a steadier and more lucrative piece of the home improvement business: electricians, roofers, home renovators and other professionals who tackle large projects year-round and need a lot of supplies. Home Depot said it’s speeding along that strategy with the GMS deal.

Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest acquisition in its history. Texas-based SRS sells supplies to professionals in the landscaping, roofing and pool businesses and it has bought up many other smaller suppliers as it’s grown.

Home Depot’s focus on selling to professionals is well-timed. Sales from do-it-yourself customers have slowed as higher mortgage rates have decreased housing turnover and dampened homeowners’ demand for larger projects because of higher borrowing costs.

The company said it expects total sales to grow by 2.8% for the full fiscal year and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to rise about 1%.

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Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals.

Shares of Home Depot were roughly flat in early trading Monday. GMS shares jumped more than 11%.

As part of the deal, the Home Depot-owned subsidiary SRS Distribution will buy all outstanding shares of GMS for $110 per share, which adds up to about $4.3 billion and amounts to total enterprise value including net debt of about $5.5 billion, the company said.

Home Depot said it expects the acquisition to be completed by early 2026.

Home Depot’s announcement also concludes a potential bidding war between the big-box retailer and billionaire Brad Jacobs. Jacobs’ building-products distributor QXO had offered about $5 billion in cash to acquire GMS and said it would press forward with a hostile takeover if the company’s management rejected the proposal.

As Home Depot chases growth, it’s gone after a steadier and more lucrative piece of the home improvement business: electricians, roofers, home renovators and other professionals who tackle large projects year-round and need a lot of supplies. Home Depot said it’s speeding along that strategy with the GMS deal.

Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest acquisition in its history. Texas-based SRS sells supplies to professionals in the landscaping, roofing and pool businesses and it has bought up many other smaller suppliers as it’s grown.

Home Depot’s focus on selling to professionals is well-timed. Sales from do-it-yourself customers have slowed as higher mortgage rates have decreased housing turnover and dampened homeowners’ demand for larger projects because of higher borrowing costs.

The company said it expects total sales to grow by 2.8% for the full fiscal year and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to rise about 1%.

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