Luke Vargas

Speaking on Fox News, Acting ICE Director Todd Lyons defended his agency, saying it was carrying out its lawful law enforcement mission and justified its deployment to the state.

The Minnesota suit follows similar efforts to rein in ice in other states, including Illinois, California, New York, New Jersey, and Tennessee.

It's earnings season again, at least for banks.

Investors will be scouring JPMorgan Chase's Q4 results this morning for clues about American consumer health, with December's inflation report filling in more details at 8.30 a.m.

Eastern.

Economists polled by the journal expect consumer prices rose 2.7 percent from a year earlier.

Pharmaceutical company AbbVie has struck a deal with the Trump administration in exchange for tariff and pricing exemptions.

AbbVie plans to lower Medicaid prices, invest $100 billion in its U.S.

operations, and expand the range of medicines it offers directly to patients through the government portal TrumpRx.

Work on a major wind farm off the coast of Rhode Island and Connecticut can now resume, despite objections from the Trump administration.

The ruling from a federal judge marks a temporary win for the offshore wind industry, as President Trump seeks to block any windmills from being built.

The case is the first of three challenging the administration this week, following Trump's order in December to freeze five big projects on the East Coast over national security concerns.

And the AI boom is pushing America's largest power grid to the brink.

67 million people in a 13-state region stretching from New Jersey to Kentucky share their power supply with a slew of AI data centers in northern Virginia.

During periods of high demand, the grid's capacity is in danger of exceeding supply, which could force grid operator PGM to call for rolling blackouts during extreme weather.

Well, if grids are struggling now, how will they cope with the projected $3 trillion in global data center spending over the next five years?

Moody's Ratings' John Medina joins us to discuss the challenges and opportunities of the data center build-out after the break.

Some of the AI boom's big winners so far, besides members of the MAG7, have been the developers and operators of data centers.

But could regulations, power demand issues, and water use fears crash the party?

Ratings agency Moody's just published its 2026 Global Data Center Outlook, and SVP for Global Project and Infrastructure Finance John Medina is here to enlighten us.