President Donald Trump has ordered to revoke a Biden-era Executive Order that he says "hinders AI innovation and imposes onerous and unnecessary government control over the development of AI."
An Executive Order issued by former President Joe Biden established unnecessarily burdensome requirements for companies developing and deploying Artificial Intelligence that would stifle private sector innovation, according to Trump.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.