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The House of Representatives censured the late Roderick Butler, R-Tenn., in 1870 for taking a bribe for a military academy appointment. 

The House also censured late Rep. Thomas Blanton, D-Texas, in 1921 for inserting a document into the Congressional Record which contained obscene language.

And late Rep. Gerry Studds, D-Mass., faced censure in 1983 for having sex with a 17-year-old page. 

Those are three of the 28 Members ever censured by the House.

 Rep. Ilhan Omar, D-Minn., did not become the 29th Member slapped with censure recently.

That’s probably because Rep. Cory Mills, R-Fla., was one of four Republicans who joined Democrats to block a censure of Omar. And in so doing, Mills may very well have prevented himself from becoming the 30th House Member to be censured.

Censure is the second-highest form of discipline in the House. It falls between a reprimand and expulsion. Censure is more than a regular foul in a soccer game. Kind of like a yellow card, which serves as a caution. But it’s not a red card, either, which triggers ejection.

That said, censure has become a ‘thing’ in recent years on Capitol Hill. If the House were to ever consider censuring any Member, such an inquest would go behind closed doors with the Ethics Committee. An inquiry may take months.

No more. ‘Snap’ censures are now fashionable in the House of Representatives.

Here’s how it works:

Someone thinks someone says a colleague says something outrageous. So they just prep a censure measure, go over the head of the Congressional leadership by making their resolution privileged (meaning the House must consider it within two days) and, if the House votes in favor of your gambit, that Member is censured.

Done.

Rep. Nancy Mace, R-S.C., crafted a resolution to censure Omar and strip the Minnesota Democrat from her committee assignments. Mace accused Omar of using inflammatory rhetoric in the wake of Charlie Kirk’s assassination.

During an appearance on the news outlet Zeteo, Omar claimed ‘there is nothing more effed up, than to completely pretend that his words and actions have not been recorded and in existence for the last decade or so.’ Mace’s resolution quoted from a profane social media video not produced by Omar — but reposted by her — which fired invective at Kirk.

Mace’s maneuver came as leaders from both sides tried to urge calm at the Capitol amid the assassination of Charlie Kirk.

‘Every leader has an obligation to lower the temperature right now,’ said House Democratic Caucus Chairman Pete Aguilar, D-Calif. ‘I disagree with the retweet of one of our one of our colleagues.’

Aguilar said that Mace’s resolution to sanction Omar was not ‘helpful.’

‘Every member of Congress, and certainly the President of the United States, have a responsibility to take the temperature down,’ said House Minority Leader Hakeem Jeffries, D-N.Y. ‘Nancy Mace wants to lecture Ilhan Omar and Democrats about civility? Are you kidding me? It’s not a serious effort. It’s an effort to drive donors into her gubernatorial campaign.’

For his part, House Speaker Mike Johnson, R-La., didn’t try to sidetrack Mace. He declared that ‘Members have a prerogative to file privileged motions.’ 

‘What she did was outrageous and dangerous. And there has to be accountability in the House for these kinds of activities,’ said Johnson. ‘I don’t understand why she uses that kind of language.’

Mace and Omar wound up tangling over the censure resolution on X. 

‘One-way ticket to Somalia with your name on it, Ilhan Omar,’ posted Mace.

‘I am going soon, so please drop off the tickets on your way to your office. I am next door,’ retorted Omar. 

The Minnesota Democrat added that Mace was either not ‘well or smart.’ She added ‘you belong in rehab, not Congress.’

Democrats defended Omar.

‘When we are all trying to take the political temperature down, when we are all trying to work to be able to approach our differences with humanity and stand out against political violence, this is the wrong move,’ said House Minority Whip Katherine Clark, D-Mass.

But lawmakers from both sides are growing weary of the censure trap.

‘Every time a Republican in this House is offended, they pile on censure resolution,’ said Rep. Alexandria Ocasio-Cortez, D-N.Y. ‘I’m not here to be fighting over whatever people’s schoolyard thing is for the day.’ 

‘It’s escalation,’ said Rep. Don Bacon, R-Neb., of Mace’s maneuver. ‘You’ve got to remember, we’re going to be in the minority someday. We’ll be on the receiving end of this.’

Bacon added that Congress is now ‘better at shaming people versus legislating.’

Ultimately, the House never took a direct vote on sanctioning Omar. Democrats instead moved to ‘table’ or kill the resolution. That blocked an actual up/down vote on disciplining Omar. The House then voted 214-213 in favor of tabling Mace’s measure. All 210 Democrats who cast ballots voted to table. But four Republicans joined Democrats: Reps. Mike Flood, R-Neb., Jeff Hurd, R-Colo., Tom McClintock, R-Calif., and Mills.

A ballot by Mills against tabling would have reversed the final tally to 214-213. That means the House would have proceeded immediately to the actual vote to censure Omar. But Mills’ vote with the Democrats froze Mace’s effort.

It’s unclear if Mills based his decision on self-preservation. But had the House censured Omar, it would have undoubtedly triggered a resolution by Rep. Greg Casar, D-Texas, to sanction Mills.

Casar’s resolution accused Mills of assault – which Casar denies. It also alleged that Mills improperly received the Bronze Star when he served in the Army. But once the House diffused the Omar measure, Casar withdrew his plan for Mills.

Flood explained his vote to table.

‘I’m going to vote in ways that support the Ethics Committee,’ said Flood. ‘If we were to pursue a censure action against this Representative, that should be referred to the Ethics Committee. It should be investigated. There should be due process. There should be a back and forth before you issue a censure.’

Mace excoriated her Republican colleagues who voted to table.

‘They didn’t stand with Charlie Kirk. They didn’t stand with the millions of Americans mourning his death. They stood with the one who mocked his legacy. They showed us exactly who they are. And we won’t forget,’ said Mace in a statement.

But censure is now en vogue.

The House censured no members between Studds in 1983 and late Rep. Charlie Rangel, D-N.Y. in 2010. But five Members have felt the weight of censure since 2021.

The House voted to censure Rep. Paul Gosar, R-Ariz., for posting a cartoon video depicting him killing Ocasio-Cortez.

Republicans then began returning the favor.

The House voted to censure former Rep. and now Sen. Adam Schiff, D-Calif., for how he handled the Russiagate investigation. Rep. Rashida Tlaib, D-Mich., faced censure for her comments after Hamas attacked Israel. The House censured former Rep. Jamaal Bowman, D-N.Y., for pulling a false fire alarm. And the House voted earlier this year to censure Rep. Al Green, D-Texas, for heckling President Trump during his State of the Union speech. 

Members have embraced censure lately. Those censured have characterized it as a ‘badge of honor.’ They’ve fundraised off censure. Their colleagues have even engineered a pep rally in the well of the chamber to drown out the House Speaker when he issues the censure.

This probably won’t be the House’s last dalliance into the realm of censure.

‘It just seems like every week or so we want to censure somebody for something,’ lamented Rep. Troy Nehls, R-Tex., who is no fan of Omar. ‘A lot of people say a lot of stupid stuff around here.’ 

This is Congress. So you can bet that someone will say some ‘stupid stuff’ soon. And unless lawmakers can restore some calm, there will be another effort to censure someone else any day now.

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In the end, Disney and ABC had absolutely no choice but to rehire Jimmy Kimmel.

The reason the late-night host is returning to the air tonight is that this whole thing has been an utter PR debacle for ABC, and more personally for Disney chief Bob Iger, who even got whacked by his predecessor as CEO, Michael Eisner, accusing him of bowing to ‘out-of-control intimidation.’

I don’t think I’m going out on a limb in saying that Iger’s reputation is shattered forever.

The company became the poster child as a high-profile opponent of free speech — a deadly label for a news organization like ABC.

So the ‘indefinite’ suspension is over.

I could sniff that things were moving in this direction when I learned the two sides were talking. And when Disney asked Kimmel for a second meeting the other day, I knew the only question was which day he’d be back.

Let’s revisit the dumb and inaccurate comment that got Kimmel in trouble. And remember, like Stephen Colbert, he is so vociferously anti-Trump that he surrendered half his audience:

‘We hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them.’  

First, it was beyond tone-deaf, with feelings rubbed so raw over Charlie Kirk’s assassination. And the killer is not ‘MAGA,’ just another crazed lunatic who said he was acting out of ‘hatred’ for Kirk, but also sympathetic to gays and transgender people like his roommate and romantic partner.

At the same time, there was pressure from the FCC, with Chairman Brendan Carr blundering by saying he would act on Kimmel if ABC didn’t. Even Carr’s allies, like Ted Cruz, said he sounded like a mob boss by declaring ‘we can do it the easy way or the hard way.’

Nice little network you got here – be a shame if anything happened to it. Carr walked it back the next day.

What Kimmel said wasn’t the worst thing ever uttered on the air, and maybe in a month it would have passed unnoticed. But not so soon after the targeted assassination.

With that kind of blatant government pressure, ABC caved and took Kimmel off the air as he was about to tape last Wednesday’s show – and was said to be preparing an even tougher monologue about the Kirk killer. Again, he failed to read the electronic room.

It was downhill from there.

For anyone who believes in free speech – and that includes some Democrats who don’t agree with Kirk on just about anything–Disney and ABC were now the enemy.

Howard Stern, Kimmel’s closest friend – their families vacation together – said yesterday he had canceled his Disney+ subscription, as did Robin Quivers. After conferring with Kimmel, he said on his first live show since the suspension:

‘When the government says, ‘I’m not pleased with you, so we’re going to orchestrate a way to silence you,’ it’s the wrong direction for our country. It isn’t good.’

Stern called the suspension ‘horrible’ and ‘outrageous’ for such a ‘big talent… You can’t support this kind of a move. I don’t care whether you like Jimmy or not. It’s about freedom of speech. If ABC wanted to fire Jimmy because they didn’t like him, or he had low ratings — they didn’t want to fire him. They’re being pressured by the United States government. We can’t have that, not if we’re going to have a democracy.’

Howard has an awful lot of followers on Sirius XM that would take their cue from him. 

Some 400 celebrities signed an ACLU letter calling this ‘a dark moment for freedom of speech in our nation.’ These include Jennifer Aniston, Jason Bateman, Robert De Niro, Jane Fonda, Selena Gomez, Tom Hanks, Olivia Rodrigo, Ben Stiller, Jamie Lee Curtis, Julia Louis-Dreyfus, Maggie Gyllenhaal, Michael Keaton, Regina King, Diego Luna, Lin-Manuel Miranda, Natalie Portman, Maya Rudolph, Martin Short and Kerry Washington.

This is the kind of thing that Hollywood really cares about, the bold-faced names.

Kimmel is said to be concerned about the jobs of dozens of producers, staff members and contractors who would lose their livelihoods if the show was deep-sixed.

Disney made a point of saying in its statement that Kimmel was suspended because ‘we felt some of the comments were ill-timed and thus insensitive.’ But ‘thoughtful’ conversations led to Jimmy’s return.

Whether you like Kimmel or not, no company can withstand that kind of pressure, even if it goes against the wishes of Donald Trump, who celebrated the suspension.

Now here’s the challenge Kimmel and Disney/ABC faced.

The suits had already been urging Kimmel to tone down the attacks against Trump. But Kimmel, who has hosted the program since 2003, and parlayed that into Oscars-hosting gigs, has always insisted on his independence. He’s arguably the most famous face at the network.

I played a small role in this last year by asking Trump about Kimmel after the Oscars, and the candidate slammed him, escalating their feud. Jimmy even took a swipe at me (horrors).

So perhaps with a wink and a nod, Kimmel has now agreed to tone things down a tad and the brass has agreed to let him basically say what’s on his mind.

Jimmy Kimmel is the only clear winner in this.

Everyone else – Disney, Bob Iger, Brendan Carr, ABC – is unmistakably a loser and will forever be branded, fairly or otherwise, as cowardly opponents of free speech.

And hey, ratings for tonight’s show should be through the roof. 

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President Donald Trump will highlight the ‘return of American strength’ in his second administration during his speech at the United Nations General Assembly Tuesday, while delivering ‘blunt’ and ‘tough talk’ about the ‘failures of globalism,’ a White House official told Fox News Digital.

The president is scheduled to deliver his first address of his second administration at the UN General Assembly in New York City Tuesday just before 10 a.m.

A White House official gave Fox News Digital an exclusive preview of the president’s address.

‘President Trump has effectively restored American strength on the world stage,’ a White House official told Fox News Digital. ‘His historic speech at the United Nations General Assembly will highlight his success in delivering peace on a scale that no other president has accomplished, while simultaneously speaking bluntly about how globalist ideologies risk destroying successful nations around the world.’

The president is expected to highlight his successful efforts to negotiate peace around the world—specifically, Armenia and Azerbaijan; Thailand and Cambodia; Rwanda and the Democratic Republic of the Congo; among others.

The president is also expected to highlight his strikes against narcoterrorists from Venezuela.

Earlier this month, a U.S. military strike blew apart a Venezuelan drug boat in the southern Caribbean, leaving nearly a dozen suspected Tren de Aragua narcoterrorists dead. And last week, the president announced that the U.S. military had carried out its second kinetic strike on Venezuelan drug trafficking cartels.

Also last week, the president announced that he ordered a lethal strike on a vessel allegedly linked to a designated terrorist organization conducting narcotrafficking in the U.S. Southern Command’s area of responsibility. That strike left three narcoterrorists dead.

‘Intelligence confirmed the vessel was trafficking illicit narcotics, and was transiting along a known narcotrafficking passage en route to poison Americans,’ Trump posted to his Truth Social announcing the strike.

The president is also expected to highlight his ‘Operation Midnight Hammer,’ which marked the largest B-2 operational strike in history and represented the United States’ move to deliver a decisive blow against Iran’s nuclear program back in June.

Trump’s historic precision strikes on Iran’s nuclear sites hit their targets and ‘destroyed’ and ‘badly damaged’ the facilities’ critical infrastructure—an assessment agreed upon by Iran’s Foreign Ministry, Israel, and the United States.

Trump is also set to detail his work to ‘deliver historic peace deals in decades-long conflicts,’ the official told Fox News Digital.

Meanwhile, the president’s speech will also feature ‘some blunt, tough talk about the failures of globalism.’

‘This will include the global migration regime, energy and climate, and how these ideologies pushed by globalists are on the verge of destroying successful nations,’ a White House official told Fox News Digital.

The president is also expected to discuss America’s position as a ‘defender of western civilization.’

‘As the president delivers peace in major conflicts around the world, what has the United Nations been doing?’ the official said.

After his speech at the United Nations, the president is expected to have meetings with the Secretary-General of the United Nations, António Guterres; Ukrainian President Volodymyr Zelenskyy; the president of Argentina, Javier Milei; and the president of the European Commission, Ursula von der Leyen.

The president is also scheduled to have a multilateral meeting with leaders from Qatar, Jordan, Turkey, Pakistan, Indonesia, Egypt, the UAE and Saudi Arabia.  

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Jurors in Fort Pierce, Florida, are expected to begin deliberations Tuesday on the federal criminal charges brought against Ryan Routh, the man accused of attempting to assassinate then-presidential candidate Donald Trump at his golf course in Florida last year.

Routh, who has been representing himself in the federal criminal trial, ended his defense after less than a day on Monday. He called only three witnesses, and told U.S. District Judge Aileen Cannon that he would not be taking the stand to testify in his own case, a notion he had previously considered. 

Both the prosecution and defense formally rested their cases at 2:20 p.m., and Cannon ordered the court to reconvene for closing arguments Tuesday at 9 a.m.

Prosecutors and Routh will take turns presenting their closing arguments to jurors, followed immediately by jury deliberations, Cannon said, before instructing the jury on the deliberation process.

Cannon instructed jurors to consider whether prosecutors met the standard for conviction on each of the five federal charges against Routh. The 59-year-old has pleaded not guilty to all counts, which include attempting to assassinate a major presidential candidate, assaulting a federal officer, and multiple firearms offenses.

A verdict in the case could come as early as Tuesday or Wednesday, pending the length of the closing arguments and the deliberation time needed. If convicted, Routh could face a maximum of life in prison.

The closing arguments come after Routh rested his case after just hours of presenting arguments to jurors. He called only three witnesses, and did not introduce new evidence.

His ‘pro se’ defense starkly contrasts with the prosecution’s, which spent nearly two weeks carefully and extemporaneously making its case against Routh to a jury in Fort Pierce, Florida.

In that span, jurors heard from 38 witnesses and reviewed hundreds of exhibits — text messages, call logs, bank records, and cellphone data — linking Routh to the alleged gun purchase and placing him near Trump International Golf Club in West Palm Beach in the weeks before the alleged attempted assassination.

Shortly before the defense rested, Cannon asked Routh if he had any more motions for acquittal. He said he did not.

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Investor Insight

Charbone Hydrogen offers a compelling investment opportunity in the US$89 billion Ultra High Purity (UHP) and low-carbon intensity hydrogen market, leveraging a decentralized approach for scalable plant deployment and focusing on environmentally friendly production to reduce carbon footprints.

Overview

Charbone Hydrogen (TSXV:CH,OTCQB:CHHYF,FWB:K47) is an integrated company specialized in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It is developing a modular network of green hydrogen production while partnering with industry players to supply helium and other specialty gases without the need to build costly new plants. This disciplined strategy diversifies revenue streams, reduces risks, and increases flexibility.

Charbone has recently accelerated its growth trajectory, securing a US$50 million financing to expand across North America, executing a US$1 million collaboration agreement to advance a green hydrogen project in Malaysia, and achieving multiple milestones at its flagship Sorel-Tracy facility in Québec.

With its exclusive focus on UHP green hydrogen, Charbone is positioning itself as a first mover in a multi-billion-dollar market. Leveraging Canada’s abundant hydroelectric power and expanding nuclear capacity, Charbone plans to deliver sustainable hydrogen solutions that meet rising demand from both governments and global industries.

Company Highlights

  • Canada’s only publicly listed green hydrogen company: Charbone Hydrogen offers investors unique exposure to the fast-growing hydrogen economy as a company focused on green hydrogen production and distribution.
  • Building a North American green hydrogen pipeline: The company is advancing multiple projects, anchored by its flagship Sorel-Tracy facility in Québec, to establish a scalable production and distribution network.
  • Well-financed for growth and expansion: Charbone secured a US$50 million financing, facilitated by US Capital Global, to accelerate funding of modular build-out and expand its footprint across North America.
  • Expanding into international markets: Through a US$1 million master collaboration agreement, Charbone is supporting the deployment of a green hydrogen project in Malaysia, highlighting its global reach.
  • Aligned with strong policy and market tailwinds: For years, Canada leaned on centralized, fossil-based reformers. That playbook is obsolete. Now, Quebec’s hydropower surplus runs electrolyzers that split H₂O into H₂ and O₂ with zero carbon footprint. Charbone’s plug-and-play approach repurposes proven gear, slashing lead times and trimming capex. Charbone is well-placed for long-term growth.
  • Exclusive focus on ultra-pure green hydrogen production: Charbone is dedicated to producing hydrogen using renewable hydroelectric and nuclear energy — a critical pathway to decarbonization and huge demand of ultra-high purity hydrogen in electronics and military sectors.

Project Pipeline and Key Partnerships

Charbone forged strong partnerships to execute its business model. Here’s where it gets cool: renewable hydroelectricity powers electrolyzers that split water into hydrogen and oxygen. Purification skids then crank it up to 99.999% purity—true industrial grade. This hydrogen production model serves everything from fuel-cell fleets and semiconductor fabs to specialty metal processing and next-gen refueling stations.

Charbone isn’t flying solo. They’ve teamed up with:

  • A leading Canadian energy distributor supplying the battle-tested equipment
  • Hydro-Québec delivering clean, reliable electrons
  • An ABB partnership to boost North American production networks
  • Offtake and supply agreements with U.S. Tier-One industrial gases producer
  • Public listings on TSX Venture, OTCQB, and Frankfurt for global financing access

This lineup de-risks the rollout and turbocharges their momentum.

Charbone has signed a memorandum of understanding (MoU) with ABB to collaborate on the development of up to 15 modular and scalable green hydrogen production facilities across North America over the next five years. Under the MOU, ABB will support CHARBONE in standardizing basic engineering for systems and components across its project portfolio to increase energy efficiency and reliability.

Among the sites covered by the collaboration is Charbone’s flagship Sorel-Tracy facility near Montreal in Québec, Canada, which is currently under construction. The Sorel-Tracy facility is located on a 40,000-square-meter land parcel along Quebec Highway 30, known as the “Steel Highway” because of the numerous steel mills and process plants operating along the highway.

The construction of its Sorel-Tracy facility is being done in partnership with EBC, one of the largest construction companies in Quebec. EBC has a proven track record of designing and building facilities in Canada and the US. The partnership agreement gives EBC the right of first refusal to construct additional Sorel-Tracy phases, as well as one or all of Charbone’s facilities within the North American market.

In addition, Charbone has entered into several other strategic partnerships, all aimed at expanding its footprint in North America. The company entered into a special consultancy agreement with Enki GéoSolutions for potential partnership proposals as a co-operator and distributor of an emerging form of clean and renewable hydrogen, known as white or natural hydrogen.

In June 2024, Carbone executed a supply agreement for a complete containerized electrolyzer system ready for shipment to its flagship green hydrogen site in the City of Sorel-Tracy, Quebec. The electrolyzer has a higher capacity than originally planned and will significantly enhance initial operational capacity estimates. The company also acquired its first tube trailer for the transport and bulk delivery of compressed green hydrogen produced from the City of Sorel-Tracy, Quebec flagship project to local and domestic customers.

Charbone signed commercial supply agreements (CSAs) with a top-tier US industrial gas producer and distributor. The first CSA secures hydrogen supply ahead of Charbone’s own production, while the second expands its product offerings to include helium and other industrial gases. Positioned to capitalize on emerging North American opportunities, particularly in Canada, Charbone leverages its early-mover advantage to build strategic partnerships and strengthen its role in the low-carbon, high-purity hydrogen market.

Superior Plus

This partnership allows Charbone to sell hydrogen produced at the Sorel-Tracy facility to Certarus, a subsidiary of Superior Plus. Such supply agreements ensure that Charbone can generate cash flow immediately following the commencement of production.

Charbone Hydrogen entered into an off-take partnership with Certarus on the supply and

distribution of green hydrogen.

NEK Community Broadband

Another such supply agreement was signed in November 2023 with NEK Community Broadband, which ensures the supply of green hydrogen in the Northeast Kingdom of the state of Vermont (USA). NEK Broadband is building a high-speed broadband infrastructure and plans to install a hydrogen fuel cell backup system for a reliable power supply.

Oakland County Economic Development Department, Michigan

Further advancing its goal of US expansion, Charbone signed a memorandum of understanding in December 2023 with Michigan’s Oakland County Economic Development Department to set up Charbone’s first green hydrogen facility in the United States. Oakland County is home to major automakers, and a green hydrogen facility in their proximity will support the effort of producing environmentally friendly mobility options.

Being the only publicly listed green hydrogen player in Canada, Charbone offers investors a unique opportunity to participate in the rise of green hydrogen as a potential low-emitting alternative to fossil fuels.

Management Team

Dave Gagnon – Chairman and CEO

Dave Gagnon has been chairman and chief executive officer of Charbone Hydrogen Corporation since April 21, 2022. With over 20 years of executive leadership experience in Cleantech, Wind Power, Hydropower, Lithium Resources, and Industrial Gases, he has built a career focused on scaling innovative infrastructure, accelerating sustainable energy solutions, and leading cross-border growth initiatives in high-impact sectors.

Benoit Veilleux – Chief Financial Officer

Benoit Veilleux was appointed as the CFO of Charbone on August 15, 2022. Veilleux has over 15 years of experience in corporate accounting and finance. He began his professional career at KPMG in 2003, where he managed and coordinated audit teams for public companies until 2010. Since then, he has worked with a number of companies including Air Liquide Canada and the Hypertec Group.

Daniell Charette – Chief Operating Officer

Daniell Charette has been the chief operating officer of Charbone since February 2019. He brings over 25 years of experience in running and managing renewable energy companies. He has worked in senior leadership roles with several renewable companies including NEG Micon A/S, Vestas and Brookfield Power. He has served on various association boards and councils, including the Canadian Wind Energy Association, Association Québécoise des Producteurs d’Énergie Renouvelable, and Latin Wind Energy Association.

Francois Vitez – Director

Francois Vitez is a hydropower and energy storage expert with more than 24 years of experience in development, engineering and construction management as well as operations and maintenance of hydropower and energy storage projects in North America and internationally. He is a board member and chair of the Value of Hydropower committee at Waterpower Canada, vice-chair of the Energy Storage Association of Canada, board member of the California Energy Storage Association, and member of the International Hydropower Association.

Patrick Cuddihy – Industrial Gases Operations Team

Patrick Cuddihy is a seasoned operations leader with over 20 years of experience at Air Liquide Canada, to its hydrogen operations team. Patrick brings a wealth of expertise in managing industrial gas production and distribution, having held senior roles including network sales director for Quebec Region, general manager for Pacific Region, director of procurement services, and director of logistics and assets for the Eastern Region.

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The US Federal Reserve lowered its key interest rate for the first time in 2025 this week, while the Bank of Canada resumed cutting after pausing in March, providing a boost to growth-oriented sectors.

Tech stocks, particularly semiconductor and artificial intelligence (AI) companies, responded positively, reflecting investor optimism about a more supportive monetary environment for tech sector growth.

Fed Chair Jerome Powell cautioned that the cut was a risk-management move motivated by concerns over the labor market’s softness and persistent inflation risks, rather than a sign of strong economic confidence. He highlighted that downside risks to employment have increased, and that inflation remains above the Fed’s 2 percent goal.

Likewise, Bank of Canada Governor Tiff Macklem warned that broad-based tariffs and trade tensions pose structural risks to the Canadian economy. He emphasized that, unlike the pandemic bounceback, Canada will not see a quick economic rebound if tariffs persist, as they could permanently lower output and weaken growth across key sectors.

Nasdaq-100 performance, September 12 to 19, 2025.

Chart via Nasdaq.

Against that backdrop, the Nasdaq-100 (INDEXNASDAQ:NDX) put on a strong performance this week, closing at 24,626.25 on Friday (September 19), up 0.7 percent. The index saw momentum build toward the end of the week, supported by growth in technology and semiconductor stocks.

NVIDIA to take US$5 billion stake in Intel

While the Fed’s decision was a key factor for the tech sector this week, a landmark deal stole the spotlight.

A strategic partnership between NVIDIA (NASDAQ:NVDA) and Intel (NASDAQ:INTC) dominated the news cycle on Thursday (September 18), sending shockwaves through the semiconductor industry.

In a historic move, NVIDIA announced a US$5 billion investment in Intel as part of a new partnership. The companies will collaborate on custom data center and PC products, aiming to jointly develop custom CPUs and GPUs by integrating NVIDIA’s AI and accelerated computing technologies with Intel’s x86 platforms for data centers and personal computing.

The deal marks a major realignment in the chip industry focused on AI infrastructure innovation. Shares of both companies finished the week higher, with Intel notching a notable 21 percent increase.

Semiconductor exchange-traded funds (ETFs) also surged in response to the NVIDIA-Intel partnership announcement, with the iShares Semiconductor ETF (NASDAQ:SOXX) gaining 4.17 percent, the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) rising 3.93 percent and the VanEck Semiconductor ETF (NASDAQ:SMH) increasing 3.92 percent over the course of the week, reflecting strengthened investor confidence across the sector.

Semiconductor ETF performance, September 16 to 19, 2025.

Chart via Google Finance.

The Intel-NVIDIA collaboration comes after reports this week that China’s regulatory authority has instructed major tech firms like Alibaba (NYSE:BABA) and ByteDance to stop buying and cancel orders of NVIDIA’s AI chip designed for China. The news sent NVIDIA shares down early in the week, but the company ended the period flat.

The collaboration also helped provide a much-needed boost to Intel’s share price. The company has struggled with operational challenges and a difficult turnaround effort in the highly competitive semiconductor market.

In a direct reaction to the Intel-NVIDIA deal, shares of Advanced Micro Devices (NASDAQ:AMD) and Taiwan Semiconductor Manufacturing Company (NYSE:TSM) declined on Thursday.

The latter company recovered some of its losses on Friday.

Advanced Micro Devices and Taiwan Semiconductor Manufacturing Company performance, September 16 to 19, 2025.

Chart via Google Finance.

US and UK sign tech prosperity deal

In other tech news, the US and UK signed a memorandum of understanding on Friday, pledging to boost collaboration in science and tech. Called the Technology Prosperity Deal, the arrangement focuses on civil nuclear power, aiming for independence from Russian fuel by late 2028 and developing new tech like small modular reactors.

The agreement also establishes joint task forces for AI standards and security, as well as quantum computing breakthroughs, and explores civil maritime nuclear applications.

Tech news to watch next week

Next week, investors will have an eye on Micron Technology’s (NASDAQ:MU) fiscal Q4 results, scheduled to be released on September 23 after market close. Analysts are estimating revenue of around US$11.15 billion.

Accenture (NYSE:ACN), a professional services company, will also release its fiscal Q4 results next week on September 25, with revenue expected in the US$17 billion range.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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President Donald Trump announced that Dr. Ben Carson will be awarded the Presidential Medal of Freedom, noting that there will be a ceremony at the White House to honor him.

‘Congratulations Ben. He didn’t know this. He didn’t know it. I hope he’s happy,’ Trump said after making the announcement at the conclusion of his remarks at the American Cornerstone Institute’s Founders’ Dinner on Saturday.

Carson, who founded the ACI, served as Secretary of Housing and Urban Development during Trump’s first term in office.

Carson, a former neurosurgeon, ran for president when Trump mounted his first successful White House bid, but ultimately dropped out and backed Trump in 2016.

ACI’s website states that ‘Dr. Carson is ensuring there is an organization fighting for the principles that have guided him through life, and that make this country great: Faith, Liberty, Community, and Life.’ 

Carson is supporting U.S. Sen. Lindsey Graham, R-S.C., for re-election.

In a post on X earlier this month, Carson declared that Graham ‘has been a steadfast conservative leader for South Carolina and our nation and I’m pleased to endorse him for re-election.’

Carson was one of the people who spoke at the memorial service honoring slain conservative activist Charlie Kirk in Arizona on Sunday.

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