Blackstone plans to invest $25 billion in American data centers and energy generation to drive AI innovation. Why it matters: AI capability demands massive investments in data processing capability, which requires significant electricity.

People set up fencing outside of Carnegie Mellon University’s Cohon University Center in preparation for hosting the Pennsylvania Energy and Innovation Summit on July 14, in Oakland. Protests were planned around President Donald Trump’s scheduled visit to Tuesday’s summit, hosted by Sen. Dave McCormick. (Photo by Stephanie Strasburg/PublicSource)

U.S. Sen. Dave McCormick says Pennsylvania is positioned to become a leading hub for the energy and artificial intelligence industries. “As the nation’s second-largest energy producer and a global nuclear power leader,

Sen. David McCormick (R-Pa.) joins 'Squawk Box' to discuss what's going on at the Energy and Innovation Summit in Pittsburg, Pennsylvania.

Heavy rain has swept across parts of the Northeast, inundating sections of New York and New Jersey with flash flooding that stranded vehicles in roadways, closed subway lines and led

Trump has repeatedly pledged U.S. “energy dominance” in the global market, and Pennsylvania — a swing state critical to his wins in 2016 and 2024 — is at the forefront of that agenda, in large part due to its coal industry that the Republican administration has taken several steps to bolster.

"That moment captured who he is at his core — a strong leader — and marked a turning point in the 2024 election," said Sen. Dave McCormick.