The future of the USAID agency is in doubt after its website went dark, two top security officials were put on leave, and Elon Musk labeled it a “criminal organization.” Trump’s team aims to gut the agency, aligning foreign aid with his “America First” platform. The potential absorption of USAID into the state department could lead to cuts in humanitarian efforts worldwide and allow China to fill the void, prompting concerns about executive overreach and reshaping government functions without congressional authorization.
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SkyWater (SKYT) Q2 Revenue Drops 37%
SkyWater Technology (NASDAQ:SKYT), a U.S. semiconductor manufacturer, reported Q2 2025 GAAP revenue of $59.1 million, exceeding analyst expectations, while non-GAAP EPS showed a loss of $(0.11), less than anticipated. The company faces challenges due to lower equipment demand and delayed government projects, but the recent acquisition of Fab 25 is seen as a catalyst for future growth. Want More Context? 🔎
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