Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
U.S. Unseals Charges Against Five Alleged CJNG Leaders, Raises Reward for New Cartel Chief 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
SEC Moves to Dismiss Insider Trading Case Against Trump-Pardoned Terren Peizer 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
Samsung, SK Hynix Test AMEC Chipmaking Tools for China Backup Plan 
Brazil Supreme Court Approves Probe Into Lula’s Son Over Health Ministry Lobbying Claims 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
ADNOC Gas Targets Up to $4B Profit in 2026 
CBA Posts Record A$10.98B Profit Despite Cautious Outlook 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Warner Bros. Discovery Shares Rise as Newsom Pushes Settlement in $110 Billion Merger Fight 
Bashar al-Assad Sentenced to Death by Syrian Court 
US Judge Dismisses Gautam Adani Criminal Charges 
Congress is poised to include DJI in the FCC's list of banned technologies under the Secure and Trusted Communications Networks Act, highlighting similar US security concerns as those with TikTok.
Congressional Action to Ban DJI Amid US-China Tensions
The New York Times reports that a resolution introduced by the House Energy and Commerce Committee last month could potentially place DJI's drone fleet on nationwide grounding.
DJI would be added to the FCC's list of equipment covered by the Secure and Trusted Communications Networks Act of 2019 if the Countering CCP Drones Act were to be enforced.
Under the Secure and Trusted Communications Networks Act, any communication equipment or service deemed to "pose a national security risk" is prohibited from operating on US networks. Chinese corporations like Huawei and ZTE are already on the FCC's list.
In 2022, Rep. Elise Stefanik (R-New York) introduced the Countering CCP Drones Act. She informs the publication that government agencies have discovered DJI's provision of data to China regarding "critical infrastructure" in the United States.
"DJI poses an unacceptable threat to national security, and it is time for drones manufactured in communist China to be removed from the United States," said the official.
Regarding a press release that was issued in March, Illinois Representative Raja Krishnamoorthi further elaborates, "Our legislation will fortify American supply chains and provide additional safeguards for our communications equipment by prohibiting the operation of DJI and other foreign-made technologies that pose serious security risks on American networks."
DJI Denies Security Risk Allegations, Echoing TikTok's Position on US Controls
DJI, on the other hand, has continued to deny the allegations. "The lawmakers driving this legislation continue to make inaccurate and unsubstantiated claims about DJI's operations," the firm stated in an explanation released earlier this year. Additionally, the company has strongly rejected the notion that it operates as a Chinese military entity.
It is noteworthy that DJI's position replicates that of TikTok. President Joe Biden enacted a bill earlier this week prohibiting using social media platforms unless an American company acquires them.
Photo: Indy Bruhin/Unsplash
