Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in a deal to secure export licenses.
The arrangement reflects US President Donald Trump’s effort to engineer a financial payout for America in return for concessions on trade, according to the text.
Elsewhere, Stocks erased gains as traders dialed back optimism that a summit between US President Donald Trump and Russia’s Vladimir Putin would bring the war in Ukraine closer to a resolution.
S&P 500 futures were little changed after the index ended Friday just shy of a record high. Europe’s main equity benchmark was also flat, having earlier risen as much as 0.4%. Brent crude trimmed losses to trade down 0.4% around $66.30 a barrel.
Today’s guests: Subitha Subramaniam, Sarasin & Partners Investment Strategy Head, Yacov Arnopolin, PIMCO Emerging Markets Portfolio Manager
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:00:39 – Nvidia, AMD to Pay 15% on China AI Chip Sales in US Deal
00:03:10 – US-China Truce Due to Expire Soon
00:06:17 – Trump to Meet Putin in Alaska on Friday
00:09:59 – Subitha Subramaniam, Sarasin & Partners Investment Strategy Head
00:16:05 – CATL Suspends Output at China Lithium Mine
00:19:55 – Netanyahu: ‘Our Goal is to Free Gaza’
00:21:03 – Israel Plans Military Sweep Against Hamas in Gaza
00:24:29 – Investors Ramp up Bets on Emerging Markets
00:27:04 – Yacov Arnopolin, PIMCO Emerging Markets Portfolio Manager
00:32:49 – Trump’s Silicon Shakedown
00:35:16 – Trump Alleges Intel CEO Has Conflict of Interest
00:38:55 – Putin Demands Ukraine Cede Eastern Donbas, Crimea
00:42:29 – Trump Set to Meet Putin
00:45:48 – Oil Adds to Slide on Talk Anticipation
——–
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