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In a move that Sen. Elizabeth Warren has decried as a “clear conflict of interest and corruption,” one of the Trump family’s most lucrative businesses is on its way to becoming a bank. And it’s set to be regulated by a government entity whose leader was appointed by, you guessed it, President Donald Trump.

Alibaba BABA is ramping up AI spending at a rapid pace, creating both a significant growth opportunity and near-term financial pressure. The company spent RMB67.7 billion on capital expenditures in the June 2026 quarter, up 75% year over year, primarily reflecting investments in AI infrastructure, higher CPU-compute capacity and rising chip-component prices. Alibaba has also…