Trump Officials Weighed Broader China Tech Restrictions Ahead of Trade Talks
The Trump administration considered tightening export controls on chip-making equipment in the event that trade negotiations with China did not progress as hoped. These discussions were part of a broader strategy to exert pressure and gain leverage in ongoing trade talks with Beijing.
Mitsubishi in Talks to Sign $8 Billion Deal With Gas Producer Aethon
Mitsubishi Corporation is reportedly in negotiations to secure an $8 billion deal with U.S. gas producer Aethon. The Japanese conglomerate is exploring multiple opportunities within the U.S. market as it seeks to strengthen its energy portfolio.
OpenAI and Microsoft Tensions Are Reaching a Boiling Point
Discontent is brewing between OpenAI and its long-standing partner Microsoft. Frustrated by certain dealings, OpenAI has been contemplating taking antitrust complaints to regulators. The discord highlights the challenges that can arise amid collaborative ventures in the tech industry.
Lennar Logs Lower Profit, Revenue as Home Sales Prices Fall
Lennar Corporation has reported a decline in profits and revenue as the average sales price of homes delivered dropped. The 7% fall in home sales revenue to $7.8 billion reflects the ongoing struggles within the housing market.
KKR to Acquire Australian Power Provider Zenith Energy
Global investment firm KKR has announced its acquisition of Zenith Energy, an Australian power provider. The purchase is set from a syndicate including Pacific Equity Partners, OPSEU Pension Trust, and Foresight Group, aiming to bolster its energy sector investments.
The Hybrid-Electric Plane Maker That Wants to Change the Way We Fly
Marc Allen, CEO of aerospace startup Electra, envisions a revolutionary change in travel. His company is developing a hybrid-electric plane capable of taking off from small surfaces, no larger than a soccer field, promising to transform regional air travel experiences.
Ford Pushes All-American Pedigree to Drive Sales. That Has a Cost.
In an effort to capture greater market share, Ford Motor Company is heavily promoting its All-American branding. This strategic move aims to resonate with patriotic sentiments but also bears certain costs associated with maintaining its domestic production identity.
WhatsApp is set to receive advertisements for the first time, even as ad spending faces challenges from tariff impacts.
Trump’s Smartphone Can’t Be Made in America for $499 by August
Plans for Trump Mobile’s latest smartphone show specifications that could rival top-tier iPhone models. However, the ambition to produce it domestically at a competitive price of $499 remains unviable within the current timeframe.
Meanwhile, escalating tensions with Israel pose a risk of digital conflicts impacting various companies.
Attorneys General Sign $7.4 Billion Purdue Pharma Opioid Settlement
A $7.4 billion settlement has been reached in the Purdue Pharma opioid case. The agreement ends the Sackler family’s control of the company, prohibits the sale of opioids in the U.S., and secures much-needed funding for opioid addiction treatment and prevention efforts nationwide.
U.S. Steel Stock Is Rising. Trump OKs Nippon Deal After Getting ‘Golden Share.’
In a significant development, President Donald Trump has approved Nippon Steel’s investment in U.S. Steel, a move structured as an acquisition. As a result, U.S. Steel stock has seen a rise, reflecting market confidence in the deal.
Tourism Holdings Gets $306 Million Takeover Offer From BGH-Led Consortium
Tourism Holdings has received a $306 million takeover offer from a consortium led by BGH. The consortium is open to a transaction that would grant them controlling interest in the recreational-vehicle company, though full ownership remains off the table.
Crypto Tycoon Justin Sun’s Tron Group to Go Public in U.S. via Reverse Merger
Crypto mogul Justin Sun’s Tron Group is set to go public in the U.S. through a reverse merger. Toy company SRM Entertainment plans to rename itself “Tron” and incorporate TRX digital tokens as part of the process.
Retailer At Home Files Chapter 11 Bankruptcy, Hobbled by Tariffs and Debt
Home décor retailer At Home has filed for Chapter 11 bankruptcy amid financial challenges exacerbated by tariffs and mounting debt. A deal with lenders will eliminate nearly $2 billion in funded debt, and the retailer has secured approximately $200 million to sustain operations.
