Trump, Beijing and Xi
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China, Trump and Elon Musk
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The market’s relationship with China has become a balancing act investors can’t ignore. Apple (NASDAQ:AAPL | AAPL Price Prediction) still depends on Chinese manufacturing. Nvidia (NASDAQ:NVDA) desperately wants to break back into China to capitalize on demand for AI chips.
The entourage includes Wall Street bigwigs, “Tim Apple,” Brett Ratner, and … Secretary of State Marco Rubio cosplaying as a captured Nicolás Maduro?!
Mr. Musk is part of a delegation of business leaders to China, where his interests include Tesla’s electric vehicle factory and solar panels.
Under the settlement with the SEC, a trust in Musk’s name would pay a $1.5 million civil penalty to the government and not admit that Musk committed any violation. The deal requires court approval, and Judge Sparkle Sooknanan expressed skepticism at a hearing yesterday in US District Court for the District of Columbia.
Donald Trump and Elon Musk‘s turbulent friendship has received a major update, signaling continued reconciliation efforts following an intense feud. The Tesla CEO has reportedly been invited by the United States president to a state visit to China,
Tariffs, competition over tech, the Iran war and Taiwan are on the agenda for the leaders of the two superpowers.