New York Times

• Silicon Valley Start-Ups Face a Future Without Jensen Huang’s Money

  Mr. Huang championed start-ups, with Nvidia holding $48 billion worth of stakes in 229 private companies, including OpenAI and Anthropic, at the end of July.

• Bessent Faults Commerce Dept. for Failing to Blacklist Megaspeed

  The Treasury secretary blamed the department for not sanctioning Megaspeed and said that Nvidia employees should be held accountable if they sidestepped the law.

• Huang’s Downfall Could Shake the Economy, and Detainees Have Disappeared From an ICE Database

  Plus, the Friday news quiz.

• Chris Van Hollen Set to Challenge Chuck Schumer for Senate Majority Leader

  Senator Chris Van Hollen of Maryland has emerged as a favorite of Democrats seeking an alternative to Senator Chuck Schumer, who says he has the votes to win.

• Democrats Eye Strict New Limits on White House Budget Powers

  The incoming majority is also planning aggressive oversight of the White House budget director, who appears to be working to install an ally to monitor the budget office’s handling of federal spending.