Instagram Outage Disrupts Thousands of U.S. Users 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit 
TrumpRx.gov Highlights GLP-1 Drug Discounts but Offers Limited Savings for Most Americans 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
Newly Released DOJ Epstein Files Expose High-Profile Connections Across Politics and Business 
Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue 
Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions 
U.S. Sanctions on Russia Could Expand as Ukraine Peace Talks Continue, Says Treasury Secretary Bessent 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Pentagon Ends Military Education Programs With Harvard University 
The world was rocked recently when President Donald Trump announced that he would be pulling the US from the Paris Climate Agreement. While everyone else was busy puttering around the issue, billionaire Michael Bloomberg stepped up and pledged to provide the UN with the $15 million that the US was supposed to give as its share in the accord.
Bloomberg will be providing the money via his charity organization, Bloomberg Philanthropies, The Washington Post reports. The funds will then be provided to maintain the operations of the U.N. Framework Convention on Climate Change.
As the New York billionaire notes in his statement, America did not decide to pull out of the Paris agreement, this decision fell solely on Trump. On the contrary, the US will keep its word and continue cooperating with other countries even if it means the private sector and the local government units will have to take on most of the burden.
“Americans are not walking away from the Paris Climate Agreement. Just the opposite — we are forging ahead,” the statement reads. “Mayors, governors, and business leaders from both political parties are signing onto a statement of support that we will submit to the UN — and together, we will reach the emission reduction goals that the U.S. made in Paris in 2015.”
This declaration elicited worldwide praise, with the UN Climate branch’s executive secretary, Patricia Espinosa saying that the effort will go a long way towards making sure that the effort to reduce the damage caused by climate change is achieved. Government funding might play a huge role in actually getting the project going, but the private sector can still make considerable contributions.
As the former mayor of New York, Bloomberg already has a huge political influence. However, he isn’t the only figure in the local branches to oppose the exiting of the Paris agreement. The U.S. Conference of Mayors, which is composed of over 1,000 mayors has also made their opposition to the Trump administration’s decision quite clear.
