Alex Ossola

Pulte is a close ally of President Trump's who leads the Federal Housing Finance Agency and is chairman of the boards of Fannie Mae and Freddie Mac, roles that Trump said Pulte would remain in while serving as acting director of national intelligence, or DNI.

WSJ White House reporter Natalie Andrews says Pulte has been a polarizing figure at the White House.

Natalie says Pulte has urged investigations into the president's perceived enemies.

The Trump administration is abandoning its $1.8 billion anti-weaponization fund.

Speaking at a congressional hearing today, Acting Attorney General Todd Blanch told lawmakers that, quote, were not moving forward with the fund, period.

The fund has drawn condemnation from many GOP senators, and the issue has threatened to sink an unrelated immigration enforcement bill.

Separately, the president today signed an executive order to increase government oversight over artificial intelligence.

The order asks AI companies to give the administration access to review AI models 30 days before they're released to the public.

National security officials are supposed to work with companies to address any cybersecurity concerns.

Two weeks ago, Trump ditched another version of the executive order.

It would have asked companies to let the government review models for a longer period, up to 90 days.

Trump said then he didn't want to set the U.S.

back in the tech race with China.

The president is struggling to balance competing factions within the White House.

One side wants more oversight over AI, and the other wants to tear down all barriers to AI deployment.

As we've been discussing on the show, this is shaping up to be a huge year for IPOs.

SpaceX could come next week, Anthropix filed for an IPO likely in the fall, and OpenAI isn't far behind.

These IPOs are likely to get a lot of attention from investors who think they're a hot stock.

But they're also getting attention from the companies behind indexes like the S&P 500 and the Nasdaq 100, which are supposed to present a broad view of the U.S.

economy.