Just in: Elon Musk’s lawyers said that he withdraws its $ 97.4 billion bid to control Openai if the company stops its efforts to become a profitable institution. More below.
Separately: You may remember that several years ago I wrote a A series of columnsAfter a set of mass shootings, it inspired the creation of a “commercial code” for the retailers of the weapon so that credit card companies can better identify the suspicious activity in the way they had already done to help prevent money laundering and sex trafficking.
Well, the actor this week, Riley Moore, Republican in West Virginia, Submit To make it illegal for credit card companies to require “category category symbols that distinguish the retail dealer for firearms from public retailers.” This means that retailers of weapons will be able to hide what they sell. What do you think of what is happening?
Trump’s economic plans are scrambled
President Trump inherited a strong economy with the prosperity of labor markets and securities. But economic adherence can connect his hands: stubbornly enlarged.
Investors are already getting Antsy, as stock markets have decreased for a short period and the bond market suffers from the worst day of the year so far after unexpectedly worried about the latest consumer price index report. It raises questions about the options that will have to the White House and provide the federal reserve if prices continue to rise.
The latest: CPI data has shown address rates over the past three months in a row at an annual rate of 4.5 percent – much higher than the central bank of 2 percent.
The return on treasury notes for 10 years, which tends to support mortgage rates and credit cards, increased nearly ten percentage points after the release. (This was slightly eased on Thursday.) Analysts have warned that the bond market could serve as a brake in some Trump’s policy ideas.
It is not surprising that Trump Blame inflation On his predecessor, Joe Biden.
But Trump will have to deal with the new wild inflation card: bird flu. The inflation report showed on Wednesday that this disease has reached the groceries severely, which led to the increase in egg prices by 15.2 percent in the past four weeks after a great hindrance to the country.
Jeffrey Roche, the chief economist at LPL Financial, wrote on Wednesday in a research note that the high price of eggs is “the largest increase in about a decade and the payment of annual prices by 53 percent.”
Continuous inflation Trump’s economic plans can spoil, Which includes tax cuts, migration and definitions. “These policies can add” all of them add to inflation because their effects are crowned through the economy, which caused Wednesday.
Trump’s desire to low interest rates, which is what is He called again on Wednesday Immediately before the consumer price index report, there is no longer with most of the market monitors.
What will Jay Powell do? The President of the Federal Reserve was martyred with great enlargement on Wednesday, saying that the central bank wanted to “maintain the restriction policy at the present time.” Powell avoided questions from legislators about Trump’s demand for low prices and repeatedly that the data will determine the next step to the Federal Reserve Mobilization, a position related to the president’s exacerbation.
The possibility of additional price discounts dramatically decreased last week, as futures dealers witnessed only one discount this year. “The Federal Reserve should remain in a suspension,” Aditya bhaveEconomist at Bank of America, told CNBC.
This is what is happening
The Senate is likely to confirm the nomination of Robert F. Kennedy Junior on Thursday. President Trump chose the Minister of Health, whose criticism of the vaccines and his pledge to “go to health” have chosen health officials and some health care leaders, steadily over Republican lawmakers who are frequented in recent weeks. Ultimate healthcare industry He did not fight severe Against Kennedy’s nomination, because speaking costs may be very high, according to Politico reports.
President Trump’s moves to end the war in Ukraine rippled through the markets. The dollar fell and the oil price, while European stocks rose in the hope of ending the conflict after Trump said he had spoken to President Vladimir Putin. Other Western allies in Ukraine rejected any peace talks that did not include Kiev, even as analysts said President Voludimir Zelinski had increasingly difficult hand.
According to what JPMorgan Chase began to lay off the employees. The discounts will No. HundredsAccording to Barron’s, after the lender enjoyed standard profit and a high share price over the past year. Separately, Blue Origin, Jeff Bizos missile company, He was appointed to hold workers After its successful launch of the new Glenn missile, Bloomberg’s reports.
Cyberrtruck question worth $ 400 million
The increasing influence of Elon Musk in the Trump administration has scattered about the extent of his work benefiting from his government’s work.
These concerns now extended to a possible governmental contract worth $ 400 million to Tasla, which was discussed during the era of President Joe Biden.
The latest: Drop Site news reported on Wednesday that the forecast of the Ministry of Foreign Affairs initially included a $ 400 million contract that was expected to be granted to Tesla For armored electronic paper. It should be noted that the report was lastly revised in December.
After the news of the projection site, Jack Entins told the Ministry of Foreign Affairs on Wednesday, It has been modified To remove any male from Tesla. ((Report Now he says “armored electric vehicle”.
In X, Musk said, “I am sure that Tesla doesn’t get $ 400 million. No one mentioned it to me at least.” The Times notes that the contract will be divided with other companies, including Armor Armormax. It is not clear whether the contract will be applied.
The incident confirms concern about the relations of musk companies with the government. The entrepreneur leads a strong initiative to increase the costs in a manner that is floundering through government agencies-some of which oversee his companies. Among the most recent concerns is that his efforts to provoke the financial consumer protection office come at a time when X seeks to provide payment services.
A big question is whether these concerns may end up Cost Musk companies legitimate business.
Talking about Trump’s movements to organize the pieces, Below is a useful fraud paper from the Times on those efforts, including the effective closure of CFPB and the decline by the Securities, Stock Exchange and other financial authorities in matters related to climate.
Elon Musk’s friends may not only be in Openai
Elon Musk’s lawyers said on Thursday that the billionaire would do Withdrawing the acquisition offer 97.4 billion dollars In order to control Openai if Amnesty International stops efforts to become a profitable company. (Perhaps because the giving holds this broader goal.)
Talking about this show: Supporters Include large names such as Baron Capital Group, Valor Management, Atreides Management and 8vc Jon Lonsdale. But their motives to support the offer may not be only in investing in Openai.
All supporters of Musk also have investments in his other business, Like Tesla, Spacex, Xai or Neuralink – and they want to continue to invest in other rounds.
It also helps in the presence of musk, the richest man in the world who has loudspeakers that reach more than 200 million followers on his X. Not to mention his proximity to President Trump.
It is a form of soft power and access to musk, Their companies made its investors billions. It is not clear whether these supporters have done any due care of Openai’s economies.
And if the lawyer of Musk must be taken at the nominal value, he said that if the businessman wins the work, Openai will return to his roots as “an open force and focused on safety for good.” This seems to be less commercial.
Openai Board of Directors asked about the logical basis for the Musk display, He was accused of hypocrisy in the court file on Wednesday. The motives behind the union’s offer can be close to the Openai challenge.
For investors, the cost of being part of the bidding group is close to nothing if it does not go anywhere, Supporters remain in the good blessings of musk.
But the billionaire also loves to keep his investors happy, so if his acquisition of Twitter is any example, he may find ways to reward them: after the lost value is 25 percent of new business.
-
In other Openai News: Josh Kushner, who led Throwing GRED the latest money raising round, has been identified Possible financial clarity For the company’s employees if they reside, according to the information.
A human robot maker wins 350 million dollars
Human robots are increasingly at the forefront of artificial intelligence, which were promoted by Elon Muskand Jensen Huang from Nafidia And others.
Now Apptronik, an emerging Robota is used in manufacturing by companies including Mercedes -BenzIt takes advantage of this increasing interest, and existence Rapid 350 million dollars In a new money -raising tour.
What do you know about the tour: It was led by the Investment Capital B-to which the Chairman of the Board of Directors, the Chairman of the Renaissance Board of Directors, was joined by Apptronik- and included Capital Factory, a Texas-based investment company and Google, which is also a technical partner to start Operation.
Jeff Cardinas, co -founder of the CEO of Apptronik, told Michael de la Merced of Dealbook that the company started considering money raising a year ago.
It is a major step for Apptronik, Nine -year -old emerging revolves around the University of Texas in Austin. Apollo robot is supposed to be Automaton for general purposes can deal with a wide range of tasks in the factory, rather than specializing in one job like the arm.
Apptronik yet Rapid of $ 65 million Cardinas said it was self -funded during the first five years. We wanted to make sure that we expand the right thing.
Apptronik faces very slope competition. Beyond Tesla and NVIDIA, there is no shortage of startups that focus on robots, including artificial intelligence number, fitness robots and physical intelligence.
But Cardenas referred to contracts with Mercedes and the Gxo Logo Service, as well as talks with dozens of potential customers, as signs that his business is growing.
However, robots need a batch of more investors. Cardinas description a World race to produce human robotsWith China, you are trying to take the initiative. “To keep up with this, the United States needs to focus on innovations in artificial intelligence programs and manufacturing capabilities,” he said.
“We do not have a national robot strategy,” Cardinas said.
Speed
Deals
artificial intelligence
-
It is said that emerging human anthropology is projects that will do She went down to half its critical burning This year, from $ 5.6 billion in 2024, it will raise up to $ 3.7 billion of revenue. (Information)
-
The stocks rose in Ali Baba after the company’s chair confirmed this Apple AI will be used for his company For iPhone devices in China. (CNBC)
The best in the rest
We would like your notes! Please send the ideas and suggestions by email to Dealbook@nytimes.com.