On Tuesday, White House Press Secretary Karoline Leavitt confirmed reports that the Trump administration is working on a deal with Intel that would grant the U.S. government a 10% stake in the computer technology company. The possible agreement, first reported on August 14, may involveconverting roughly $10.86 billion in federal grants issued to Intel during the Biden administration into equity in the company, though the exact mechanism for doing so is unclear.

• We’re excited to announce that our third installment of Tangle Live will be held on October 24, 2025, at the Irvine Barclay Theatre in Irvine, California. If you’re in the area (or want to make the trip), we’d love to have you join Isaac and the team for a night of spirited discussion, live Q&A, and opportunities to meet the team in person. You can read more about the event and purchase tickets here.

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