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Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) (‘Purepoint’ or the ‘Company’) is pleased to announce that due to strong investor demand, it has increased the offering size of the non-brokered private placement, previously announced on August 13, 2025, from $3,000,000 to $5,000,000 (the ‘Offering’).

IsoEnergy Ltd. (TSX: ISO) (NYSE American: ISOU) (‘IsoEnergy‘), the Company’s joint venture partner for the Dorado, Aurora and Celeste projects, located in the Athabasca Basin, Saskatchewan has confirmed its intention to invest $1,000,000 in support of the Company’s financing efforts.

The Offering will comprise of a combination of the following:

  • Saskatchewan flow-through units of the Company (each, a ‘SFT Unit‘) at a price of $0.65 per SFT Unit with each SFT Unit consisting of one common share of the Company to be issued on a ‘flow through’ basis pursuant to the Income Tax Act (Canada) (each a ‘SFT Share‘) and one common share purchase warrant (each, a ‘Warrant‘);
  • National flow-through units of the Company (each, a ‘NFT Unit‘) at a price of $0.59 per NFT Unit with each NFT Unit consisting of one common share of the Company to be issued on a ‘flow through’ basis pursuant to the Income Tax Act (Canada) (each a ‘NFT Share‘) and one Warrant; and
  • Traditional flow-through units of the Company (each, a ‘TFT Unit‘, together with the SFT Unit and the NFT, the ‘Units‘) at a price of $0.59 per TFT Unit with each TFT Unit consisting of one common share of the Company to be issued on a ‘flow through’ basis pursuant to the Income Tax Act (Canada) (each a ‘TFT Share‘, together with the SFT Shares and the NFT Shares, the ‘FT Shares‘) and one Warrant.

Each Warrant entitles its holder to purchase one common share of the Company (each a ‘Warrant Share‘) at an exercise price of $0.50 per share for a period of 24 months from the date of issuance.

Participation by IsoEnergy in the Offering will be considered a ‘related party transaction’ pursuant to Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). IsoEnergy is considered a related party of the Company under MI 61-101 by virtue of holding 10.6% of the issued and outstanding common shares of the Company on a non-diluted basis. The Company will be exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with IsoEnergy’s participation in the Offering in reliance of sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report will be filed in connection with the participation of IsoEnergy in the Offering less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner.

The gross proceeds of the FT Shares sold under the Offering will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) which qualify as a ‘flow-through mining expenditure’ for purposes of the Income Tax Act (Canada) related to the exploration program of the Company to be conducted on the Company’s properties located in the Athabasca Basin, Saskatchewan. The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2025.

The completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and corporate approvals, including the approval of the listing of the FT Shares and the Warrant Shares on the TSX Venture Exchange. Resale of the securities of the Company distributed under the Offering will be subject to a statutory hold period in Canada of four months and one day following the closing date of the Offering.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VHMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Corporation’s McIlvena Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe’s most significant uranium districts.

For more information, please contact:

Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

Disclosure Regarding Forward-Looking Statements

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion of planned exploration activities, the ability of the Company to complete the Offering on the proposed terms or at all, statements regarding the tax treatment of the FT Units and the timing to renounce all Canadian Exploration Expenses, the anticipated use of proceeds from the Offering and receipt of regulatory approvals with respect to the Offering. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company’s planned exploration activities will be completed in a timely manner, that the Company will be able to complete the Offering on the terms as anticipated by management, that the Company will use the proceeds of the Offering as anticipated, and that the Company will receive regulatory approval with respect to the Offering. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that the Company will not be able to complete the Offering on the terms as anticipated by management or at all, that the Company will not use the proceeds of the Offering as anticipated, that the Company will not receive regulatory approval with respect to the Offering, risks relating to the actual results of current exploration activities, fluctuating uranium prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Not for Dissemination in the United States or through U.S. Newswire Services

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262595

News Provided by Newsfile via QuoteMedia

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President Donald Trump has pledged to protect and preserve Social Security, and I am honored to lead the agency as Commissioner at such a pivotal moment. My vision is straightforward: a Social Security Administration that is easier to access, faster to respond, and better prepared to meet the challenges of tomorrow. That vision is rooted in our commitment to public service and grounded in the belief that government can and should work for everyone.

Since taking office, I have focused on modernizing operations; investing in our workforce; eliminating fraud, waste, and abuse; and improving how we serve the public, whether online, over the phone, or in person. 

Social Security is not a program of the past; it is a promise to future generations. 

We have expanded our digital tools to provide more services from the convenience of people’s homes. We have taken steps to reduce wait times, enhance security, and make it easier to navigate our programs. All the while ensuring we pay benefits accurately to those who are eligible to receive them.

We have also added support and removed roadblocks for our frontline employees with updated tools, technology, and processes, so they can deliver efficient, accurate, and compassionate service to the American people every day.

In my first 100 days as Commissioner, SSA has made significant progress, improving customer experience: reducing the average wait time on the national 800 number from 30 minutes last year to single digits last month; implementing new phone systems to enable 90% of calls to be handled via self-service or convenient callbacks; shortening field office wait times by 30%; eliminating 29 hours of weekly downtime for my Social Security to allow 24/7 online management of benefits; decreasing Disability hearing wait times by 60 days, reaching historic lows; and, sending over 3.1 million payments totaling $17 billion to eligible beneficiaries five months ahead of schedule under the Social Security Fairness Act.

We have a clear path to achieving operational excellence and providing best-in-class service. Under President Trump’s leadership, I have charted a new course that strengthens service delivery and secures the integrity and efficiency of our systems. We are modernizing the underlying infrastructure that supports our work so that the agency is not only keeping up with the pace of change but leading the way in service innovation.

As we celebrate this 90th anniversary, we must also keep our eyes firmly on the future. Social Security is not a program of the past; it is a promise to future generations. 

Young Americans entering the workforce today deserve the same sense of security their parents and grandparents had. Maintaining that trust will require thoughtful innovation and a shared commitment to protecting the integrity and solvency of the program.

As we look to the century ahead, President Trump remains committed to ensuring that Social Security is as strong, effective, and enduring for our children and grandchildren as it has been for the generations before them.

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The Democratic National Committee slammed Vice President JD Vance for fishing on a private lake with British Foreign Secretary David Lammy during Vance’s official trip to the United Kingdom. 

Republicans were quick to respond to what appears to be the latest in a series of attacks by Democrats against the vice president over outdoor activities and family outings Vance mixes in during his rigorous official travel schedule. 

The DNC War Room issued a press release Wednesday titled ‘VACATION VANCE AT IT AGAIN: Vance Fished ‘Illegally’ With UK Foreign Secretary While Americans Drown in Sky-High Costs.’ 

Vance and Lammy met at the foreign secretary’s official country residence, known as Chevening House, located south of London, on Friday for talks centered on the Israel-Hamas conflict and Russia’s war in Ukraine. 

They went fishing on the estate grounds before their scheduled meeting. Vance briefly joked to reporters that theone strain on the special relationship’ he has with Lammy ‘is that all of my kids caught a fish, but the foreign secretary did not.’ The vice president soon delved into more serious topics, including telling reporters that, unlike the U.K., the United States has ‘no plans to recognize a Palestinian state’ given the ‘lack of a functional government’ in Gaza. 

Their meeting came a week before President Donald Trump’s upcoming high-stakes meeting with Russian President Vladimir Putin in Alaska. 

In its release on Wednesday, the DNC charged, ‘Vance is living it up on his summer holiday — on the taxpayers’ dime — all while working families face sky-high inflation and the largest cuts to health care and food assistance in American history.’ 

Kiersten Pels, a spokeswoman for the Republican National Committee, said in a statement to Fox News Digital, ‘The DNC’s donors are OK with funding press releases on a fishing rod license? They might want to pull their money out now before the last of it vanishes down the drain.’ 

U.K. outlets reported that Lammy did not buy a valid fishing license before the outing with Vance. In a statement to Sky News, the British Foreign Office said the secretary ‘has written to the Environment Agency over an administrative oversight that meant the appropriate licences had not been acquired for fishing on a private lake as part of a diplomatic engagement at Chevening House last week.’ 

The agency reportedly requires rod licenses for fishing of freshwater species in England and Wales for people 13 or above. 

During his visit to the U.K. last week, Vance also gave a brief address to U.S. troops stationed at RAF Fairford in Gloucestershire. 

The DNC claimed Vance spoke to troops ‘for only six minutes before returning to his $10,000 per week luxury Cotswolds manor.’

The release also took issue with Vance allegedly ‘using public resources’ earlier this month ‘so he could do boating on his birthday.’ 

‘Vance fished ‘illegally’ in the United Kingdom, potentially costing the foreign secretary a £2,000 fine. Vance even had former Chancellor George Osborne plan his vacation’s social agenda, including relaxing in the ‘Hamptons of the UK,’’ the release said.

The DNC further charged that Trump and Vance ‘ripped away health care from 17 million Americans, slashed food assistance for over 22 million families, and unleashed economic chaos on the American people —  all to give their billionaire friends and donors another round of massive tax handouts.’ 

‘While working families struggle to get by, it’s clear where Vance’s loyalties lie — and it’s not with them,’ the DNC wrote. 

The latest attack comes after Democratic California Gov. Gavin Newsom, a potential 2028 presidential contender, bemoaned Vance’s recent visit to Disneyland with his children. 

‘Hope you enjoy your family time,’ Newsom wrote on social media. ‘The families you’re tearing apart certainly won’t.’

In response, Vance wrote, ‘Had a great time, thanks.’ 

Critics also attempted to paint Vance as entitled after the vice president’s security detail had an Ohio river’s water levels raised to accommodate a kayaking trip he and his family took to celebrate his 41st birthday. The U.S. Secret Service made the request to the U.S. Army Corps of Engineers so that motorized watercraft and emergency personnel could operate safely.

Before his political career, Vance notably penned an autobiography, ‘Hillbilly Elegy,’ which describes how he was raised by an opioid-addicted mother in Appalachia, joined the Marines and found success at Yale Law School. 

In a recent interview on ‘The Katie Miller Podcast,’ Vance revealed that reserving ‘sacred time’ with family allows him to balance his official duties with the duties of being a husband and father.  

‘It’s possible to do it even in my job,’ he said. ‘Yes, if like a war breaks out, then sometimes you have to cancel even the sacred time. But we’ve been pretty good about making sure that I have at least a couple of hours with my family every single day.’ 

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The Trump administration is announcing the launch of a new tool it says will be instrumental in enabling agencies across the federal government to efficiently implement artificial intelligence at scale and take a major step forward rolling out the president’s ‘AI Action Plan.’

Trump’s U.S. General Services Administration (GSA) said on Thursday it has launched USAi, a tool the agency describes as a ‘secure generative artificial intelligence evaluation suite that enables federal agencies to experiment with and adopt artificial intelligence at scale—faster, safer, and at no cost to them.’

The agency says that the platform, available starting Thursday at 10 a.m. through USAi.gov, gives government users access to ‘powerful’ tools like chat-based AI, code generation and document summarization with the goal of ‘supercharging employee productivity.’

‘USAi isn’t just another tool, it’s infrastructure for America’s AI future,’ GSA Chief Information Officer David Shive explained. ‘USAi helps the government cut costs, improve efficiency, and deliver better services to the public, while maintaining the trust and security the American people expect.’

GSA Deputy Administrator Stephen Ehikian told Fox News Digital that this latest application is an ‘on ramp’ to A.I. that will be the ‘tip of the spear’ on the A.I. front similar to the way GSA previously implemented the cloud. 

The Trump administration rolled out its A.I. Action Plan in July after Trump ordered the federal government in January to develop a plan of action for artificial intelligence in order to ‘solidify our position as the global leader in AI and secure a brighter future for all Americans.’ 

Trump has made U.S. A.I. growth a cornerstone of his administration, such as notching multi-billion deals with high-tech firms such as Oracle and OpenAI for the Stargate project, which is an effort to launch large data centers in the U.S, as well as a $90 billion energy and tech investment deal specifically for the state of Pennsylvania to make it the U.S. hub for AI. 

‘USAi means more than access—it’s about delivering a competitive advantage to the American people,’ GSA Deputy Administrator Stephen Ehikian said in press release.

‘The launch of USAi shows how GSA is translating President Trump’s AI strategy into action and accelerating AI adoption across government. USAi will put mission-ready tools directly into the hands of agencies to modernize faster, boost security, and lead globally.’

The A.I. Action Plan includes a three-pillar approach focused on American workers, free speech and protecting U.S.-built technologies. 

‘We want to center America’s workers, and make sure they benefit from AI,’ A.I. and crypto czar David Sacks told the media in July when details of the A.I. plan were made public. 

‘The second is that we believe that AI systems should be free of ideological bias and not be designed to pursue socially engineered agendas,’ Sacks said. ‘And so we have a number of proposals there on how to make sure that AI remains truth-seeking and trustworthy. And then the third principle that cuts across the pillars is that we believe we have to prevent our advanced technologies from being misused or stolen by malicious actors. And we also have to monitor for emerging and unforeseen risks from AI.’

Advancing the federal government’s use of A.I. and expanding employee access are core to the GSA’s efforts to fulfill Trump’s directive to preserve U.S. leadership in the global technology race, GSA Commissioner Josh Gruenbaum explained to Fox Digital in an interview earlier this month. 

‘As we kind of examined the President’s AI action plan, heard the call to action of, ‘Hey, this is a race, and we are going to win this race.’ From our perspective, all that meant, synonymously, was widespread adoption,’ he told Fox Digital of delivering AI to federal employees. 

The rollout of the USAi tool follows GSA announcing earlier in August that OpenAI’s ChatGPT Enterprise is now available to all federal agencies to incorporate into their workflow at $1 per agency. The deal with OpenAI, the tech company behind ChatGPT, is part of GSA’s OneGov Strategy that aims to modernize ‘how the federal government purchases goods and services’ under the Trump administration. 

GSA also notched another deal with A.I. company Anthropic this month providing all three branches of government access to large language model Claude. 

Gruenbaum told Fox News Digital that Thursday’s announcement will be critical for agencies for creating efficiencies to help turn the federal workforce into ‘the most nimble, smart, efficient, agile, and agentically tech-forward workforce out there so that this country can continue to compete and win the AI race.’

This post appeared first on FOX NEWS

Smithsonian museums must represent the U.S. in a ‘fair’ manner and portray both the good and the bad of American history, according to President Donald Trump. 

Trump made his comments after the White House sent a letter to the Smithsonian Tuesday unveiling plans to conduct a review of its museums and exhibits in preparation for the 250th birthday of the United States in 2026.

‘We want the museums to treat our country fairly,’ Trump told reporters Thursday. ‘We want their museums to talk about the history of our country in a fair manner, not in a woke manner or in a racist manner, which is what many of them, not all of them, but many of them are doing.’ 

‘Our museums have an obligation to represent what happened in our country over the years. Good and bad,’ Trump said. ‘But what happened over the years in an accurate way.’ 

The Smithsonian told Fox News Digital it was reviewing the Trump administration’s letter and would work with the White House, Congress and its governing Board of Regents moving forward. 

‘The Smithsonian’s work is grounded in a deep commitment to scholarly excellence, rigorous research and the accurate, factual presentation of history,’ the Smithsonian said in a statement. 

Stephen Miller, White House deputy chief of staff, weighed in on the matter earlier Thursday, saying left-wing activists had ‘obscenely defaced’ the museum. 

‘The Smithsonian is supposed to be a global symbol of American strength, culture and prestige,’ Miller posted to X Thursday. ‘A place for families and children to celebrate American history and greatness. Instead, the exhibits have clearly been taken over by leftwing activists who have used the Smithsonian as yet one platform to endlessly bash America and rewrite / erase our magnificent story.

‘These activists have obscenely defaced this beloved institution,’ Miller added. ‘The Trump Administration will proudly and diligently restore the patriotic glory of America and ensure the Smithsonian is a place that once more inspires love and devotion to this nation, especially among our youngest citizens.’

The White House’s initial letter to the Smithsonian Tuesday said the review would evaluate social media, exhibition text and educational materials. This would be done to ‘assess tone, historical framing, and alignment with American ideals,’ the letter said. 

‘This initiative aims to ensure alignment with the President’s directive to celebrate American exceptionalism, remove divisive or partisan narratives, and restore confidence in our shared cultural institutions,’ the letter said.

The review will focus on the following museums: the National Museum of American History, the National Museum of Natural History, the National Museum of African American History and Culture, the National Museum of the American Indian, the National Air and Space Museum, the Smithsonian American Art Museum, the National Portrait Gallery and the Hirshhorn Museum and Sculpture Garden.

Trump has taken previous steps to alter what content is shown in the Smithsonian museums and signed an executive order in March that placed Vice President JD Vance in charge of overseeing the removal of programs or exhibits that ‘degrade shared American values, divide Americans based on race, or promote programs or ideologies inconsistent with Federal law and policy.’ 

Vance has already moved to shake things up at the Smithsonian. 

Artist Amy Sherald canceled an exhibit scheduled to arrive at the Smithsonian in September that included a portrait of a transgender Statue of Liberty at the National Portrait Gallery after Vance claimed the show featured woke and divisive content, Fox News Digital first reported. 

The Associated Press contributed to this report. 

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The leaders of Armenia and Azerbaijan brushed off any threat of backlash from neighboring powers Iran and Russia following a U.S.-brokered peace accord – an agreement hailed as the start of a new era, ending more than three decades of war and hostility in the South Caucasus.

In exclusive Fox News Digital interviews, Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev both praised President Donald Trump and his envoy for their role in brokering the framework agreement. They emphasized that the deal, which promised increased regional economic integration and political cooperation, is not directed at any third party – and may actually provide strategic advantages to Moscow and Tehran.

‘This is not a zero-sum game,’ Pashinyan said. The agreement ‘contains quite tangible benefits for Iran and for Russia as well.’

‘Iran would have access through railway from the Persian Gulf to the Black Sea and Russia and Iran will have opportunity to have a railway connection between the two countries.’

Russia – a long-standing ally of Armenia and a presence in the region through its border guards – welcomed peace but sent a warning about U.S. involvement. Its foreign ministry described the accord as ‘positive,’ expressing hope for stability in the Caucasus, but warned that foreign involvement should complement, not complicate, the peace process. 

The ministry emphasized that regional solutions should include neighbors like Russia, Iran and Turkey, and cautioned against repeating the pitfalls of Western-led interventions in the Middle East.

Aliyev echoed Pashinyan’s remarks and declined to see U.S. diplomatic involvement as a provocation toward Moscow. 

‘It will be very difficult for any country – whether far away or in our region – to say something bad about today’s agreement,’ he told Fox News Digital.’We’ve taken the final step toward peace.’ 

He added: ‘It’s not against anyone. It’s a connectivity project which will be one of the most important parts of international transportation.’

At the heart of the pact is the planned Trump Route for International Peace and Prosperity (TRIPP) – a roughly 27-mile transit route linking mainland Azerbaijan with its Nakhchivan exclave, passing through Armenian territory. Armenia has granted the U.S. exclusive development rights via a 99‑year lease, allowing for infrastructure projects such as roads, rail lines, pipelines, fiber optics and possibly power transmission, aimed at opening new trade and transit paths in the region.

This bold move shifts regional dynamics, offering Washington a powerful strategic foothold while bypassing traditional Russian and Iranian routes.

Iran, in contrast, has responded with hostility. 

Ali Akbar Velayati, a key advisor to Iran’s supreme leader, warned of serious consequences if the ‘Zangezur Corridor’ – as Iran calls the route – is enacted, asserting that it ‘will not become a passage owned by Trump, but rather a graveyard for Trump’s mercenaries,’ according to the semi-official news agency Tasnim.

Iran has even signaled readiness to use military means to block the route. 

Domestically, Pashinyan faces opposition. Armenian nationalists, already fierce critics of any deal with Azerbaijan, view the agreement as a betrayal. The Republican Party of Armenia has declared that Pashinyan lacks the mandate to sign such a treaty, demanding full transparency and an end to concessions made under external pressure.

Pashinyan, however, is undeterred. He said the accord could transform Armenia’s investment climate and attract foreign capital. 

‘We expect to have some criticism, and that’s part of democracy,’ he told Fox News Digital. ‘But we are confident we made the right decision.’ 

Once the dominant power in the South Caucasus, Russia is losing its grip. The war in Ukraine, mounting sanctions and resource strains have depleted its regional influence, enabling the U.S., Turkey and the European Union to expand their diplomatic reach.

Relations with Azerbaijan particularly soured following the December 2024 downing of Azerbaijan Airlines Flight 8243. Aliyev accused Moscow of accidentally shooting the passenger jet with Russian air defenses during operations against Ukrainian drones, killing 38 people. 

Aliyev told Fox News Digital he didn’t believe the incident was an intentional attack by Russian leadership, but demanded a formal admission of guilt, punishment for those responsible and full compensation – moves Russia has resisted, apologizing only vaguely for what they called a’tragic incident.’

And amid political divisions, Pashinyan finds himself in a conflict with one of the country’s most respected institutions  – the Armenian Apostolic Church, where figures like Archbishop Bagrat Galstanyan have led public protests against Pashinyan’s decision to return border villages to Azerbaijan.

On June 25, authorities arrested Galstanyan, a leading figure in the church and of the ‘Sacred Struggle’ opposition movement, accusing him of orchestrating a terrorist plot to overthrow the government. Armenia’s Investigative Committee alleged he had recruited more than 1,000 former police and military personnel to stage bombings, disrupt power grids and paralyze transportation networks. 

Pashinyan assured that the judiciary system acted independently of his government and ‘in full accordance with the law of Armenia, respecting all the rights of all people.’

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Ulta Beauty and Target said Thursday that they have decided to end a deal that opened makeup and beauty shops in hundreds of Target’s stores.

Shares of Target fell about 2% in early trading, while Ulta’s stock slid about 1%.

In a news release, the companies said the partnership — which also added some of Ulta’s merchandise to Target’s website — will end in August 2026. Target had added more than 600 Ulta Beauty shops to its stores since 2021, according to a company spokesperson. That’s nearly a third of Target’s 1,981 U.S. stores.

Ulta Beauty at Target shops carried a smaller and rotating assortment of the merchandise at the beauty retailer’s own stores. They were staffed by Target’s employees.

The loss of the popular beauty retailer’s products could be another blow to Target as it tries to woo back both shoppers and investors. Target’s annual sales have been roughly flat for four years and it expects sales to decline this fiscal year. Shares of the company are worth less than half of what the were back in 2021, when they hit an all-time closing high of $266.39. It also has faced backlash over both its Pride collection and its rollback of key diversity, equity and inclusion initiatives.

Store traffic for Target has declined year over year nearly every week from the week of Jan. 27, days after the company’s DEI announcement, through the week of Aug. 4, according to Placer.ai, an analytics firm that uses anonymized data from mobile devices to estimate overall visits to locations. Target traffic had been up weekly year over year in the four weeks before Jan. 27.

The only exceptions to that trend were the two weeks on either side of Easter, when traffic rose less than 1% year over year, the firm’s data showed.

On earnings calls and in investor presentations, leaders of the Minneapolis-based company had touted Ulta’s shops and its trendy beauty brands as a way to drive store traffic.

At a investor presentation in New York City in March, CEO Brian Cornell highlighted beauty as a growth category for Target and cited it as reason for confidence in Target’s long-term business. He said the company had gained market share in beauty and its sales in the category rose by nearly 7% in the fiscal year that ended in early February.

Target’s CEO Brian Cornell, 66, is expected to depart the company soon. The longtime Target leader renewed his contract for approximately three years in September 2022 after the board scrapped its retirement age of 65.

David Bellinger, an analyst for Mizuho Securities who covers retailers, said in an equity research note on Thursday that Target’s “messy in-store operations” as well as issues with retail theft and insufficient staffing at stores likely contributed to the companies ending their partnership.

“Overall, we see losing the Ulta shop-in-shop relationship as a negative development and something else Target’s next CEO will have to grapple with,” he wrote.

In a statement on Thursday, Target Chief Commercial Officer Rick Gomez said the discounter is “proud of our shared success with Ulta Beauty and the experience we’ve delivered together.”

“We look forward to what’s ahead and remain committed to offering the beauty experience consumers have come to expect from Target — one centered on an exciting mix of beauty brands with continuous newness, all at an unbeatable value,” he said.

In a statement, Ulta’s Chief Retail Officer Amiee Bayer-Thomas described the Target deal as “one of many unique ways we have brought the power of beauty to guests nationwide.”

“As we continue to execute our Ulta Beauty Unleashed plans, we’re confident our wide-ranging assortment, expert services and inspiring in-store experiences will reinforce our leadership in beauty and define the next chapter of our brand,” she said.

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Elon Musk on Monday threatened Apple with legal action over alleged antitrust violations related to rankings of the Grok AI chatbot app, which is owned by his artificial intelligence startup xAI.

“Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal antitrust violation. xAI will take immediate legal action,” Musk wrote in a post on his social media platform X.

Apple declined to comment on Musk’s threat.

“Why do you refuse to put either X or Grok in your ‘Must Have’ section when X is the #1 news app in the world and Grok is #5 among all apps? Are you playing politics?” Musk said in another post.

Apple last year partnered with OpenAI to integrate its ChatGPT chatbot into iPhone, iPad, Mac laptop and desktop products. Musk at the time said: “If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies. That is an unacceptable security violation.”

Prior to his legal threats against Apple, Musk had celebrated Grok surpassing Google as the fifth top free app on the App Store. When contacted by CNBC, xAI did not immediately respond to a request for further information on a potential lawsuit.

CNBC confirmed that ChatGPT was ranked No. 1 in the top free apps section of the American iOS store, and was the only AI chatbot in Apple’s “Must-Have Apps” section. The App Store also featured a link to download OpenAI’s new flagship AI model, ChatGPT-5 at the top of its “Apps” section.

OpenAI on Thursday announced GPT-5, its latest and most advanced large-scale AI model, following xAI’s release of its newest chatbot, Grok 4, last month.

Musk has an ongoing feud with ChatGPT maker OpenAI, which he co-founded in 2015. The billionaire stepped down from its board in 2018, four years after saying that AI was “potentially more dangerous than nukes.”

He is now suing the Microsoft-backed startup, and its CEO Sam Altman, alleging they abandoned OpenAI’s founding mission to develop artificial intelligence “for the benefit of humanity broadly.”

Robert Keele, who headed the legal department at xAI, announced last week that he had left the company to spend more time with his family. In his announcement, Keele also acknowledged “daylight between our worldviews,” referring to Musk.

In response to Musk’s antitrust threats against Apple, OpenAI CEO Sam Altman said in an X post: “This is a remarkable claim given what I have heard alleged that Elon does to manipulate X to benefit himself and his own companies and harm his competitors and people he doesn’t like.”

This is not the first time Apple has been challenged on antitrust grounds. In a landmark case, the Department of Justice last year sued the company over charges of running an iPhone ecosystem monopoly.

In June, a panel of judges also denied an emergency application from Apple to halt the changes to its App Store resulting from a ruling that the company could no longer charge a commission on payment links inside its apps, nor tell developers how the links should look.

— CNBC’s Kif Leswing and Lora Kolodny contributed to this article.

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Disney’s ESPN and Fox Corp. are teaming up to offer their upcoming direct-to-consumer streaming services as a bundle, the companies said Monday.

The move comes as media companies look to nab more consumers for their streaming alternatives, and draw them in with sports, in particular.

Last week, both companies announced additional details about the new streaming options. ESPN’s streaming service — which has the same name as the TV network — and Fox’s Fox One will each launch on Aug. 21, ahead of the college football and NFL seasons.

The bundled apps, however, will be available beginning Oct. 2 for $39.99 per month. Separately, ESPN and Fox One will cost $29.99 and $19.99 a month, respectively.

While the bundle will offer sports fans a bigger offering at a discounted rate, the streaming services are not exactly the same.

ESPN’s flagship service will be an all-in-one app that includes all of its live sports and programming from its TV networks, including ESPN2 and the SEC Network, as well as ESPN on Disney-owned ABC. The app will also have fantasy products, new betting tie-ins, studio programming and documentaries.

ESPN will also offer its app as a bundle with Disney’s other streaming services, Disney+ and Hulu, for $35.99 a month. That Disney bundle will cost a discounted $29.99 a month for the first 12 months — the same price as the stand-alone app.

Last week, ESPN further beefed up the content on its streaming app when it inked a deal with the WWE for the U.S. rights to the wrestling league’s biggest live events, including WrestleMania, the Royal Rumble and SummerSlam, beginning in 2026. The sports media giant also reached an agreement with the NFL that will see ESPN acquire the NFL Network and other media assets from the league.

The Fox One service, however, will be a bit different. Fox had been on the sidelines of direct-to-consumer streaming for years after its competitors launched their platforms. Just this year, it said it would offer all of its content — including news and entertainment — from its broadcast and pay TV networks in a streaming offering. Fox One won’t have any exclusive or original content.

Fox’s move into the direct-to-consumer streaming game — outside of its Fox Nation app and the free, ad-supported streamer Tubi — came after it abandoned its efforts to launch Venu, a joint sports streaming venture with Disney and Warner Bros. Discovery.

Both Fox CEO Lachlan Murdoch and Disney CEO Bob Iger said during separate earnings calls last week that they were exploring bundling options with other services. Since Fox announced the Fox One app, Murdoch has said the company would lean into bundles with other streaming services.

“Announcing ESPN as our first bundle partner is evidence of our desire to deliver the best possible value and viewing experience to our shared customers,” said Tony Billetter, SVP of strategy and business development for FOX’s direct to consumer segment, in a release on Monday.

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Nvidia and AMD have agreed to share 15% of their revenue from sales to China with the U.S. government, the White House confirmed Monday, sparking debate about whether the move could affect the chip giants’ business and whether Washington might seek similar deals.

In exchange for the revenue cut, the two semiconductor companies will receive export licenses to sell Nvidia’s H20 and AMD’s MI308 chips in China, according to the Financial Times.

“We follow rules the U.S. government sets for our participation in worldwide markets. While we haven’t shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide,” Nvidia said in a statement to NBC News. “America cannot repeat 5G and lose telecommunication leadership. America’s AI tech stack can be the world’s standard if we race.”

AMD said in a statement that its initial license applications to export MI308 chips to China have been approved.

The arrangement crafted by President Donald Trump’s administration is “unusual,” analysts told CNBC, but underscores his transactional nature. Meanwhile, investors see the move as broadly positive for both Nvidia and AMD, which once more secure access to the Chinese market.

Nvidia’s H20 is a chip that has been specifically created to meet export requirements to China. It was previously banned under export curbs, but the company last month said it expected to receive licenses to send the product to China.

Also in July, AMD said it would resume exports of its MI308 chips.

At the time, there was no suggestion that the resumption of sales to China would come with conditions or any kind of revenue forfeiture, and the step was celebrated by markets because of the billions of dollars worth of potential sales to China that were back on the table.

On Monday, Nvidia shares rose modestly, while AMD’s stock was up more than 2%, highlighting how investors believe the latest development is not a major negative for the companies.

“From an investor perspective, it’s still a net positive, 85% of the revenue is better than zero,” Ben Barringer, global technology analyst at Quilter Cheviot, told CNBC.

“The question will be whether Nvidia and AMD adjust their prices by 15% to account for the levy, but ultimately it’s better that they can sell into the market rather than hand the market over entirely to Huawei.”

Huawei is Nvidia and AMD’s closest Chinese rival.

Uncertainty, nevertheless, still looms for both U.S. companies over the longer term.

“In the short term, the deal gives both companies some certainties for their exports to China,’ George Chen, partner and co-chair of the digital practice at The Asia Group, told CNBC. ‘For the long term, we don’t know if the U.S. government may want to take a bigger cut from their China business especially if their sales to China keep growing.’

Multiple analysts told CNBC that the deal is “unusual,” but almost par for the course for Trump.

“It’s a good development, albeit a strange one, and feels like the sort of arrangement you might expect from President Trump, who is a deal-maker at heart. He’s willing to yield, but only if he gets something in return, and this certainly sets an unusual precedent,” Barringer said.

Neil Shah, partner at Counterpoint Research, said the revenue cut is equivalent to an “indirect tariff at source.”

Daniel Newman, CEO of The Futurum Group, also posted Sunday on X that the move is a “sort of ‘tax’ for doing business in China.”

But such deals are unlikely to be cut for other companies.

“I don’t anticipate it extending to other sectors that are just as important to the U.S. economy like software and services,” Nick Patience, practice lead for AI at The Futurum Group, told CNBC.

The U.S. sees semiconductors as a strategic technology, given they underpin so many other tools like artificial intelligence, consumer electronics and even military applications. Washington has therefore put chips under an export control regime unlike that of any other product.

“Semiconductor is a very unique business and the pay-to-play tactic may work for Nvidia and AMD because it’s very much about getting export approval from the U.S. gov,” the Asia Group’s Chen said.

“Other business like Apple and Meta can be more complicated when it comes to their business models and services for China.”

Semiconductors have become a highly sensitive geopolitical topic. Over the last two weeks, China has raised concerns about the security of Nvidia’s chips.

Late last month, Chinese regulators asked Nvidia to “clarify” reports about potential security vulnerabilities and “backdoors.” Nvidia rejected the possibility that its chips have any “backdoors” that would allow anyone to access or control them. On Sunday, Nvidia again denied that its H20 semiconductors have backdoors after accusations from a social media account affiliated with Chinese state media.

China’s state-run newspaper Global Times slammed Washington’s tactics, citing an expert.

“This approach means that the US government has repudiated its original security justification to pressure US chip makers to secure export licenses to China through economic leverage,” the Global Times article said.

The Chinese government is yet to comment on the reported revenue agreement.

Trump’s deal with Nvidia and AMD will likely stir mixed feelings in China. On the one hand, China will be unhappy with the arrangement. On the other hand, Chinese firms will likely want to get their hands on these chips to continue to advance their own AI capabilities.

“For China, it is a conundrum as they need those chips to advance their AI ambitions but also the fee to the US government could make it costlier and there is a doubt of US ‘backdoors’ considering US has agreed for chipmakers to supply,” Counterpoint Research’s Shah said.

— CNBC’s Erin Doherty contributed to this report.

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