AMD announced a massive $60 billion deal to supply AI chips to Meta over five years, with Meta also taking up to a 10% stake in the chipmaker (Financial Times). Panama has seized two key canal ports from a Hong Kong-linked operator, escalating tensions over the strategic waterway (Associated Press).

Iran is reportedly nearing a deal with China to purchase supersonic anti-ship cruise missiles as U.S. naval forces deploy near Iranian waters (BBC). The U.S. women's basketball team, fresh off their gold medal win, has declined an invitation to attend President Trump's State of the Union address (Associated Press).