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Trump personally committed to negotiations with Iran to reopen the Strait of Hormuz, which led to weekly losses in the oil market and a sharp rise in gold prices, while stocks reached a new record high. Trump also made efforts to dismiss Lisa Cook from the Federal Reserve and warned against hindering the growth of the artificial intelligence industry. In the economic context, Korean mobile applications generated $69 billion in revenue, with India leading in downloads, while Trump allocated $2 billion to a vital minerals project as part of his economic race.
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