Crude prices gain as President Trump says India plans to pause buying Russian oil.
Plus,
the Trump administration moves to weaponize the IRS in its campaign against left-leaning groups.
And tech companies pushing for AI dominance are desperate for power.
Lots of it.
We're seeing a lot of different creative solutions out there,
but what some tech companies and data center developers are doing is essentially building their own power on site and providing their own power plants.
It's Thursday, October 16th.
I'm Caitlin McCabe for The Wall Street Journal, and here's the AM edition of What's News,
the top headlines and business stories moving your world today.
President Trump has authorized covert CIA operations in Venezuela
while floating the idea of land strikes inside the country as the U.S. broadens its campaign against alleged drug trafficking.
An administration official said the authorization allows the CIA to potentially take action against Venezuelan President Nicolás Maduro,
his government, and drug traffickers.
asked by a reporter at the CIA would have the power to remove Maduro.
Trump said it was a, quote, ridiculous question.
A CIA spokesman declined to comment.
In a televised speech yesterday, Maduro appealed for peace,
while lashing out at the CIA's involvement in past conflicts in Latin America.
The announcement comes amid the biggest U.S. military buildup in the Caribbean in decades,