U.S. News Round-Up: Election Interference, Power Market Disputes, and More

The U.S. has imposed sanctions on Iranian and Russian entities over election interference. Grid operator PJM responded to Pennsylvania Governor's complaint concerning power market rules, while Mayor Bowser and President Trump aim to find common ground. Bitcoin value surged following regulatory approvals and optimism for Trump's return.

The United States has announced sanctions against entities in Iran and Russia, accusing them of attempting to meddle in the 2024 presidential election. The U.S. Treasury claims these groups, including a unit of Iran's Revolutionary Guard Corps and a Russian military intelligence affiliate, sought to inflame socio-political tensions.

PJM Interconnection, the largest U.S. power grid operator, is addressing concerns raised by Pennsylvania Governor Josh Shapiro about power market rules. Shapiro warned of potential electricity cost hikes linked to rapid data center expansion, filing a complaint with the Federal Energy Regulatory Commission demanding rule changes.

Meanwhile, Washington Mayor Muriel Bowser expressed optimism after discussions with President-elect Trump, despite previous disagreements. Additionally, significant developments include Bitcoin's value doubling as regulations ease and Jimmy Carter's funeral arrangements set for January after his recent passing at age 100.

(With inputs from agencies.)