{"id":59761,"date":"2026-03-13T17:38:28","date_gmt":"2026-03-13T21:38:28","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/commerce-dept-pulls-ai-export-rule-trump-rejects-putins-iran-uranium-proposal\/59761\/"},"modified":"2026-03-13T17:38:28","modified_gmt":"2026-03-13T21:38:28","slug":"commerce-dept-pulls-ai-export-rule-trump-rejects-putins-iran-uranium-proposal","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/commerce-dept-pulls-ai-export-rule-trump-rejects-putins-iran-uranium-proposal\/59761\/","title":{"rendered":"Commerce Dept. Pulls AI Export Rule; Trump Rejects Putin\u2019s Iran Uranium Proposal"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. Commerce Department withdraws planned AI chip export rules<\/strong>, a move expected to provide significant regulatory relief for semiconductor giants like Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) and AMD (<a href=\"\/stock\/AMD\">AMD<\/a>).<\/li>\n<li><strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> rejects a proposal from Vladimir Putin<\/strong> to transfer Iran\u2019s enriched uranium to Russia, signaling a hardline stance on nuclear security and Middle East stability.<\/li>\n<li><strong>Blue Owl Capital Corporation II (OBDC II) board unanimously recommends rejecting a hostile tender offer<\/strong> from Saba Capital and Cox Capital, citing a <strong>33.2% discount<\/strong> to the fund&#39;s net asset value (NAV).<\/li>\n<li><strong>Matt Floca is named COO and Executive Director of the <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> Kennedy Center<\/strong>, as the facility prepares for a <strong>$200 million renovation<\/strong> and a two-year closure starting this summer.<\/li>\n<\/ul>\n<h2>Commerce Department Rescinds AI Export Restrictions<\/h2>\n<p>The <strong>U.S. Department of Commerce<\/strong> has officially withdrawn a planned rule that would have imposed sweeping government approval requirements for the global export of American <strong>AI chips<\/strong>. Administration officials characterized the proposed regulations as <em>&quot;burdensome and disastrous,&quot;<\/em> arguing that the restrictions would have stifled domestic innovation and allowed foreign competitors to seize market share.<\/p>\n<p>The decision is a major victory for U.S. chipmakers, specifically Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) and Advanced Micro Devices (<a href=\"\/stock\/AMD\">AMD<\/a>), who had expressed concerns that the rules would add unnecessary red tape to international trade. The government now plans to pursue a more flexible, <strong>country-by-country trade approach<\/strong>, similar to frameworks recently established in the Middle East, rather than the broad categorizations previously considered.<\/p>\n<h2>Trump Rejects Putin\u2019s Iranian Uranium Proposal<\/h2>\n<p>According to a report from <em>Axios<\/em>, <strong>President Trump<\/strong> has rejected an offer from Russian President <strong>Vladimir Putin<\/strong> to move Iran\u2019s stockpiles of highly enriched uranium to Russia. The proposal was presented during a phone call this week as a potential pathway to ending the ongoing conflict involving the U.S., Israel, and Tehran.<\/p>\n<p>Trump reportedly insisted that the uranium must be <strong>&quot;secured&quot;<\/strong> under more stringent conditions, reflecting a lack of trust in the proposed Russian mediation. This development comes as the <strong>U.S. State Department<\/strong> offers a <strong>$10 million bounty<\/strong> for information on Iran\u2019s new Supreme Leader, Mojtaba Khamenei, further escalating tensions in the region.<\/p>\n<h2>Blue Owl Capital II Fights Off Activist Tender Offer<\/h2>\n<p>The Board of Directors of <strong>Blue Owl Capital Corporation II (OBDC II)<\/strong>, a specialty finance company managed by an affiliate of Blue Owl Capital (<a href=\"\/stock\/OWL\">OWL<\/a>), has urged shareholders to reject an unsolicited tender offer from <strong>Saba Capital Management<\/strong> and <strong>Cox Capital Partners<\/strong>. The activist firms offered to purchase up to <strong>8 million shares<\/strong> at a price of <strong>$3.80 per share<\/strong> in cash.<\/p>\n<p>The Board highlighted that the offer price represents a <strong>33.2% discount to the fund&#39;s net asset value (NAV)<\/strong>, calling the move an attempt to exploit retail investors. Management noted that a significant capital return program is already underway, including a <strong>30% return of capital distribution<\/strong> at full NAV to be paid to shareholders of record by late March.<\/p>\n<h2>Leadership Shakeup at the Trump Kennedy Center<\/h2>\n<p><strong>President Trump<\/strong> announced via Truth Social that <strong>Matt Floca<\/strong> will be promoted to <strong>Chief Operating Officer and Executive Director<\/strong> of the newly renamed <strong>Trump Kennedy Center<\/strong>. Floca, who previously served as Vice President of Operations, replaces <strong>Ric Grenell<\/strong>, who is stepping down after overseeing the initial transition period.<\/p>\n<p>The center is scheduled to undergo a <strong>&quot;complete reconstruction&quot;<\/strong> beginning after the July 4th celebrations, with a planned grand re-opening in <strong>2028<\/strong>. Trump estimated the renovation project will cost approximately <strong>$200 million<\/strong>, which remains below the <strong>$250 million<\/strong> budget previously approved by Congress for the facility&#39;s modernization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. Commerce Department withdraws planned AI chip export rules, a move expected to provide significant regulatory relief for 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