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US declines to renew USMCA trade pact, opts for annual reviews instead

Market News
01 Jul 2026
CNBC
View Source
Neutral
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The Trump administration decided not to renew the USMCA trade agreement with Canada and Mexico for another 16-year term, choosing instead to conduct annual reviews. This means the USMCA will remain in effect for at least another decade unless a member withdraws, but yearly reviews could lead to renegotiations. The move reflects growing tensions and Trump's waning enthusiasm for the pact, which replaced NAFTA in 2020. Ongoing bilateral talks with Mexico continue, while talks with Canada have yet to start.

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Applied Digital delivers second AI data center building on time, boosting Polaris Forge 1 capacity to 175 MW.

Applied Digital delivers second AI data center building on time, boosting Polaris Forge 1 capacity to 175 MW.

Applied Digital has completed Phase 1 of its second building at Polaris Forge 1, adding 75 MW of AI operational capacity and bringing the campus total to 175 MW. This on-time delivery highlights the company's efficient execution model and ability to ...

Company Fundamentals
Bullish
1 hour ago
VSORA secures major funding led by Ardian to commercialize its AI inference processor Jotunn8.

VSORA secures major funding led by Ardian to commercialize its AI inference processor Jotunn8.

VSORA, a French semiconductor company, has strengthened its funding round with Ardian leading the investment to support the commercial launch of its AI inference processor, Jotunn8. This funding validates VSORA's advanced technology and positions it ...

Company Fundamentals
Bullish
1 hour ago
124 permanent supportive homes for veterans in San Francisco funded by $750K Home Depot Foundation grant

124 permanent supportive homes for veterans in San Francisco funded by $750K Home Depot Foundation grant

Swords to Plowshares received a $750,000 grant from The Home Depot Foundation to rehabilitate 1035 Van Ness Avenue in San Francisco into 124 permanent supportive homes for veterans experiencing or at risk of homelessness. This $44 million project con...

Others
Neutral
3 hours ago
Glass marks 2 years revolutionizing US federal procurement with AI-powered G-Commerce platform.

Glass marks 2 years revolutionizing US federal procurement with AI-powered G-Commerce platform.

Glass has celebrated two years of transforming U.S. federal procurement through its AI-native G-Commerce platform, part of the General Services Administration’s Commercial Platforms Program. The platform now serves over 50,000 federal users across 44...

Market News
Bullish
3 hours ago
ThoughtSpot named a Leader in Gartner's 2026 Magic Quadrant for Analytics and BI Platforms.

ThoughtSpot named a Leader in Gartner's 2026 Magic Quadrant for Analytics and BI Platforms.

ThoughtSpot has been recognized as a Leader in Gartner's 2026 Magic Quadrant for Analytics and Business Intelligence Platforms, highlighting its innovation in AI-powered analytics and enterprise intelligence. The company’s Agentic Analytics platform ...

Market News
Bullish
3 hours ago
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