U.S. President Donald Trump holds a printed-out visible illustration studying Hyperion Data Centre over Manhattan, throughout a cupboard assembly at the White House in Washington, D.C., U.S., Aug. 26, 2025.
Jonathan Ernst | Reuters
It’s beginning to really feel like we’re in a recreation of Pac-Man, during which the U.S. authorities is the eponymous hungry yellow blob furiously chomping on every part in sight.
The White House’s 10% stake in Intel and revenue-sharing agreement with Nvidia and AMD appear to be they’re simply the start in a series of deals, as President Trump promised. On Tuesday, Commerce Secretary Howard Lutnick instructed CNBC that the Pentagon is having “a monstrous discussion” over whether or not to amass fairness stakes in companies resembling Lockheed Martin.
Likewise, Trump’s early assaults on Federal Reserve Chair Jerome Powell turned out to be simply his opening salvo on the central financial institution. On Monday evening stateside, the U.S. chief terminated Lisa Cook, a Fed governor, over allegations of mortgage fraud. The subsequent day, at a Cabinet assembly, Trump stated he’ll “have a majority” of his nominees at the Fed, “so that’ll be great.”
Prior to Trump’s inauguration, analysts had been upbeat a couple of looser regulatory atmosphere that might facilitate extra mergers and acquisitions. They in all probability weren’t desirous about the White House being the essential deal-maker.
What it’s worthwhile to know at this time
And lastly…
Eternalcreative | Istock | Getty Images
A world on weight loss drugs: How GLP-1s are reshaping the economy
Miracle medication, weight problems remedies and thin jabs. Call them what you’ll, few medication have had a extra transformative impact on Wall Street and waistlines over current a long time than GLP-1s.
Experts say the wide-ranging swathe of purposes might open up doubtlessly sweeping implications for each well being outcomes and the economic system, ranging from rising productiveness, shifting meals habits in addition to readjustments in the clothes trade.
— Karen Gilchrist