Sen. Elizabeth Warren criticized President Donald Trump’s investment in Netflix and Warner Bros. Discovery merges post-announcement, highlighting conflicts of interest. South Korea will negotiate with the U.S. to protect its memory chip sector, following a 25% tariff on advanced AI chips imposed by the Trump administration. Transportation Secretary Sean Duffy criticized Canadian Prime Minister Mark Carney’s decision to allow Chinese automotive manufacturers. Concerns rise over Europe’s economic outlook if Trump pursues further tariffs. Eric Trump claimed major U.S. banks oppose cryptocurrency legislation due to their market dominance.
In tech, TikTok, backed by ByteDance, established a U.S.-majority joint venture addressing national security. Earnings reports showed Progress Software Corp. and TE Connectivity exceeding expectations. TSMC plans substantial investment in Arizona chip plants, while Nvidia shifts focus to efficient AI model deployment. Amazon’s CEO committed to green energy for AI, and Microsoft collaborates with healthcare in Africa. Tesla’s CEO announced a revival of its AI chip project, and Lemonade Inc. offers Tesla drivers insurance discounts for using Full Self-Driving technology.
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