U.S. Judge Warns: DOJ Appeal Will Disrupt Trump Tariff Refund Process
**Tariff Refund Legal Fight Escalates After Federal Trade Judge’s Rare Public Action**
June 5 — A federal trade judge made an unusual public statement this week regarding the Trump administration’s appeal of a tariff refund ruling, as the legal battle over refund authority continues to heat up.
U.S. Court of International Trade Judge Richard Eaton released a public letter Wednesday directly pushing back against the U.S. Department of Justice (DOJ)’s appeal of his order. In the letter, Eaton challenged the government’s legal position and warned that appellate court interference could disrupt an online refund system that has already processed at least $85 billion in refunds.
DOJ responded the same day, stating it established the online refund system under its “own authority” to distance the program from Eaton’s tariff refund decision. The core argument in DOJ’s official appeal, filed this week, is twofold: First, Customs and Border Protection (CBP) has no legal right to reopen cu
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Korean, Japanese Stock Markets Open with Sharp Decline
Per Bitget market data, the South Korean KOSPI index opened 372.6 points lower (a 4.31% plunge) to 8,266.81 points on Friday, June 5. Samsung fell 5% in early trading, while SK Hynix dropped 7% during the session.
Japan’s Nikkei 225 index also opened lower on the same day: it slid 486.82 points (a 0.72% decline) to 66,983.87 points at the opening bell.
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AI Stock Pullback Fails to Halt Dow's New High, AAOI Surges Over 10%, MRVL Gains Nearly 5%, Bitcoin Trades Sideways Waiting for Direction Decision
June 5th. Overnight and this morning, U.S. tech and semiconductor sectors pulled back after Broadcom AI issued weaker-than-expected performance guidance. Funds shifted to lagging sectors like healthcare and finance, lifting the Dow to a 1.73% gain and a new all-time high. The Nasdaq slipped over 1% during the session, but investors’ persistent "buy the dip" moves helped it recoup most losses by the close.
On the single-stock front, NVIDIA climbed nearly 2%, Micron Technology dropped 7.7%, and Broadcom plummeted over 12%. Marvell—Jensen Huang’s (NVIDIA’s CEO) next designated trillion-dollar market cap stock—rose 4.89%, while Google advanced 3.68% to lead the Magnificent Seven tech giants.
Within the Chip-on-Package Optical (CPO) concept group, AAOI surged 10.16% at the close. However, post-market, company executives filed to sell portions of their shares, leading to a 3.41% drop in after-hours trading. COHR edged up 1.05%, LITE added 0.75%, and GLW declined 1.4%.
Bitcoin found suppor
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U.S. Senior Official Considering Accepting Stake in AI Tech Giant Through 'Voluntary Transfer'
June 5 — According to three sources familiar with the matter, senior U.S. officials have held preliminary talks with several large artificial intelligence firms over the possibility of the U.S. federal government taking equity stakes in these companies.
Two independent sources share that Sam Altman, CEO of OpenAI, has raised this idea multiple times with top Trump administration officials since the start of Trump’s second term. Both sources spoke on condition of anonymity due to the sensitive nature of internal talks. They further stated that Altman first floated the concept directly to President Trump in an early 2025 meeting and has revisited the proposal with administration officials in recent weeks, aiming to distribute AI-related economic gains more widely to the general public. Anthropic, another major AI giant, has not engaged in any discussions with the government about offering equity to the federal side, the sources added.
Insiders revealed that while the plan is still bein
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Iran's Senior Officials Criticize US Pressure Tactics in Talks, Foreign Minister Warns Regional Countries Not to Facilitate US Attacks on Iran
On June 5, an advisor to Iran’s Supreme Leader alleged that U.S. President Donald Trump is pressuring Iran to accept American terms while leaving Iran’s own demands undefined. The current draft agreement contains ambiguities that require clarification, the advisor added.
Separately, Iran’s Foreign Minister Mohammad Javad Zarif stated on June 4 (local time) that Iran had previously warned regional countries: if they take part in any military action against Iran, U.S. military bases on their soil would become legitimate targets for Iran.
Zarif emphasized that Iran’s response is targeted at U.S. military bases, not the territories of those regional nations. He noted that many countries in the region oppose the U.S. using their airspace or territory to launch attacks on Iran, yet Washington continues to conduct such operations from these facilities.
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