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On September 3, it was reported that on September 2, local time, Judge Deborah Bodman of the U.S. District Court for the District of Maryland issued a preliminary injunction to block the Trump administration from enforcing a new executive order. This executive order aimed to limit the number of people eligible for birthright citizenship. After returning to the White House in January 2025, Trump signed an executive order stipulating that newborns whose parents are neither U.S. citizens nor lawful permanent residents would not automatically acquire U.S. citizenship. On June 30 of this year, the U.S. Supreme Court overturned this executive order.

September 3 – According to US financial media Semafor, Sean Parnell, the chief spokesman for the US Department of Defense, is emerging as a leading candidate to succeed Army Secretary Dan Driscoll, who resigned this week. Multiple Trump administration officials and sources familiar with the matter revealed that Parnell has not yet received a final appointment, but there is considerable support within the government for his succession. Parnell has close ties to Defense Secretary Peter Hegseth and has served as the chief spokesman for the Department of Defense since Trump's second term. Florida Republican Congressman Brian Mast is also on the shortlist; he recently met with Hegseth. Mast has the support of House Armed Services Committee Chairman Mike Rogers, but his public support for the Israeli government could provoke discontent among some of Trump's political base. Meanwhile, if Parnell is nominated, he may face confirmation challenges due to the support of Republican hawks for Driscoll and past allegations of domestic violence against him.

According to US financial media Semafor, Florida Republican Congressman Brian Master is also one of the candidates to succeed Driscoll as Secretary of the Army.

According to US financial media Semafor, Sean Parnell has emerged as the leading contender for the position of Secretary of the Army.

September 3 – Japanese companies are considering selling strategic holdings and other assets to offset the impact of the highest financing costs in a generation. A survey of 30 Japanese non-financial companies shows that they are also considering measures such as increasing overseas borrowing and raising funds in advance. Rising financing costs have begun to affect corporate investment decisions. Companies such as Toyota Motor and Tohoku Electric Power expect their annual interest expenses to increase by more than 30% if they refinance yen-denominated bonds.

On September 3, according to Axios, US Presidential Envoy Steve Vitkov met with UAE National Security Advisor Al Nahyan in Sardinia over the weekend to discuss the next steps in the Iran situation. Two sources familiar with the matter said the meeting, which was not announced by the White House, occurred amid the Trump administration's push to reopen the Strait of Hormuz and increase economic pressure on Iran. This comes after the UAE decided to suspend trade, business, and financial transactions with Iran. Bilateral trade between the two countries is projected to reach $28 billion by 2024, and the UAE, particularly Dubai, has historically been a crucial trade and transshipment hub for Iran. Sources said an Iranian delegation visited Abu Dhabi on August 11, hoping to ease tensions and improve bilateral relations, requesting UAE assistance in obtaining food and medicine and requesting non-compliance with US sanctions, but this was refused. Subsequently, the Iranian Revolutionary Guard intensified attacks on UAE National Oil Company tankers attempting to pass through the Strait of Hormuz, prompting the UAE to suspend related business activities. The US government is currently establishing an interagency task force to coordinate the implementation of economic pressure on Iran.

September 3 – According to the Wall Street Journal, new details of the civilian nuclear program agreement reached between the Trump administration and Saudi Arabia are drawing criticism, with some arguing that the landmark agreement falls short in preventing nuclear proliferation risks. Last week, the text of the agreement, along with a series of related documents, was submitted to US lawmakers. The documents outline a roadmap showing that, following further consultations, Saudi Arabia may enrich uranium on its territory to a level potentially approaching 20%. This enrichment level might be sufficient for small, modular civilian reactors, but it would also increase the risk of nuclear materials being diverted for military use. Scott Rock, a former US Department of Energy official and vice president of the nonprofit security organization Nuclear Threat Initiative, stated, “From a civilian perspective, this certainly makes sense. However, once that enrichment level is reached, it means that a large part of the work needed to produce weapons-grade materials has already been done.”

According to Axios: Sources familiar with the matter revealed that U.S. Middle East envoy Witkov met with the UAE's national security advisor over the weekend to discuss next steps regarding Iran.

Broadcom (AVGO.O) CEO: We believe we will deliver approximately $350 billion worth of AI semiconductors to these customers over the next two years.

Broadcom (AVGO.O) CEO: The company expects to maintain its operating profit margin even if changes in product mix lead to a decline in gross margin.

On September 3rd, according to The Information, UK-based cloud service provider Nscale told potential investors that it currently has approximately $103 billion in contract revenue after securing a $45 billion computing power deal with Anthropic. Documents show that Nscale disclosed approximately $51 billion in contract revenue to investors before reaching the Anthropic agreement, which subsequently increased through Anthropic orders and other AI client contracts. The documents indicate that Nscale's contracts have an average term of approximately 5.7 years, which translates to an average annual size of approximately $18 billion, but the documents did not specify actual projected revenue. Nscale plans to conduct its initial public offering (IPO) as early as this month.

A U.S. judge blocked the Trump administration from enforcing its latest executive order restricting birthright citizenship.

According to The Information, Nscale has reportedly secured over $100 billion in contract revenue thanks to the Anthropic order.

Broadcom (AVGO.O) CFO: Capital expenditures for the fourth fiscal quarter are expected to be $1.4 billion, to be used to invest in semiconductor capacity.

Broadcom (AVGO.O) CFO: The company expects its consolidated gross margin for the fourth fiscal quarter to be approximately 73%, down from 78% in the same period last year.

Broadcom (AVGO.O) CEO: AI semiconductor revenue is expected to double again to $230 billion in fiscal year 2028.

Broadcom (AVGO.O) CEO: We have secured supply to double AI revenue to approximately $115 billion by 2027.

Broadcom (AVGO.O) CEO: We are working with OpenAI to develop the third-generation XPU.

Broadcom (AVGO.O) CEO: By 2028, we expect OpenAI to deploy more than 5 gigawatts of Jelapeno and its successor generation XPU.

Broadcom (AVGO.O) CEO: OpenAI's Jalapeno project is progressing as planned and is expected to deploy 1.3 gigawatts in 2027.