US President Donald Trump has called for the US military budget to reach $1.5 trillion in 2027, more than half of the allocated spending for this year, in a bid to build a “dream military” in “troubled and dangerous times”. He also vowed to crack down on US defence firms who privilege payouts to shareholders and executives instead of investing in building new manufacturing plants. Plus, China’s AI startup sector gets its litmus test with a string of stock market launches this week.
