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AI & Enterprise

Europe steps up battle to cut reliance on US big tech as cloud law, political tensions intensify

European governments are expanding efforts to reduce reliance on U.S. software and cloud services and shift to European “sovereign technology.” The trend is linked to concerns over the 2018 U.S. CLOUD Act, which can require U.S. firms to provide access to data stored abroad. France is moving health data off Microsoft Azure to a sovereign cloud provider, and the European Commission has awarded sovereign cloud contracts to several European firms.

Crypto

Ex-White House communications director says 60 Senate votes virtually impossible, CLARITY Act momentum fades

Anthony Scaramucci, a former White House communications director and founder of SkyBridge, said the U.S. cryptocurrency regulation bill known as the CLARITY Act is unlikely to make progress in the Senate. He said President Donald Trump’s political choices have weakened bipartisan momentum. Scaramucci cited Trump’s meme coin launch, pressure over Greenland and U.S. military operations involving Iran. He also said securing 60 votes to overcome a filibuster is nearly impossible.

Industry

Lam Research, Applied Materials consider acquiring Dutch chip equipment maker BESI

Dutch chip equipment maker BE Semiconductor Industries (BESI) has emerged as a potential acquisition target for major U.S. chip equipment companies. Lam Research and Applied Materials are reported to be considering a takeover. Reuters reported talks began in mid-2025, were paused early this year amid geopolitical tensions between the United States and the European Union over Greenland, and have recently resumed. BESI has selected Morgan Stanley as adviser and says it will remain independent.