The U.S. Department of the Treasury is intensifying efforts to crack down on global cartel financing, revealing that Chinese money laundering networks are working directly with Mexican drug cartels to move billions of dollars. The findings highlight a growing alliance between two of America’s most dangerous adversaries—China and the cartels fueling the fentanyl epidemic.
Elon Musk’s artificial intelligence startup xAI has filed a federal lawsuit accusing former employee Xuechen Li of stealing proprietary technology before defecting to OpenAI. The suit, filed Thursday, identifies Li as a “Chinese national” and alleges he copied confidential data from his xAI-issued laptop shortly before resigning and joining the rival AI company.
Two dozen Republican state financial officers have urged the U.S. Securities and Exchange Commission (SEC) to block Chinese companies—and others based in adversarial nations—from qualifying for Foreign Private Issuer (FPI) status on U.S. stock exchanges. The move aims to protect American investors and national security from the growing risks associated with opaque Chinese firms.
Rep. John Moolenaar (R-MI), Chairman of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, raised serious national security concerns about Chinese influence in American universities during an interview Friday on Fox Business Network’s Maria Bartiromo’s Wall Street. He warned that U.S. academic institutions are vulnerable to infiltration and intellectual property theft by Chinese nationals tied to the Chinese Communist Party (CCP).
President Donald Trump has shifted his position on Intel CEO Lip-Bu Tan, just days after demanding Tan step down over reported ties to Chinese companies. The reversal came following a White House meeting with Tan, Secretary of Commerce Howard Lutnick, and Secretary of the Treasury Scott Bessent.
The Chinese Foreign Ministry confirmed Monday that Wells Fargo executive Mao Chenyue is being prohibited from leaving China pending a criminal investigation. Authorities say Mao is “involved in a criminal case” and is required to cooperate, though no formal charges have been announced.
A Bangladeshi Air Force fighter jet crashed into a school building in Dhaka on Monday, killing at least 20 people and injuring over 170 in what officials are calling the worst aviation disaster in the country in decades. The crash occurred at Milestone School and College, a private institution in the capital city, as students were exiting class.
A new report from the National Association of Realtors (NAR) found that Chinese purchases of U.S. residences skyrocketed between April 2024 and March 2025 compared to the same period a year earlier.
China’s National University of Defense Technology (NUDT) has developed a microdrone the size of a mosquito, raising global concerns about surveillance and potential military use. Chinese state media showcased the miniature device on Friday, describing it as ideal for "information reconnaissance and special missions on the battlefield."
