Trump 500 Billion dollar AI Deal

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In today edition we will talk about

• Trump Dismisses Elon Musk’s Criticism of $500 Billion AI Deal

• UnitedHealthcare Names New CEO After Tragic Loss

• Stripe Layoffs Include Accidental Cartoon Duck Email

• Trump Pushes 'Make in America' Economic Plan

Trump Dismisses Elon Musk’s Criticism of $500 Billion AI Deal

Says Musk’s Comments Stem from Personal Disputes, Not Deal Viability

Former President Trump downplayed Elon Musk’s criticism of a $500 billion AI initiative called Stargate, announced earlier this week. Musk had claimed the project’s backers, including OpenAI, SoftBank, and Oracle, lacked the funds, but Trump attributed Musk’s remarks to personal animosity toward OpenAI CEO Sam Altman.

Trump clarified that the government isn’t funding the project and said, “They’re putting up the money. They’re very rich people.” Despite Musk and Altman trading public jabs, Trump expressed confidence in the deal’s participants, calling them “very smart people.”

The Stargate project aims to advance AI infrastructure in the US, starting with $100 billion in investments and plans to grow to $500 billion over time. White House officials have urged trust in the project’s viability, dismissing Musk’s concerns as unfounded.

UnitedHealthcare Names New CEO After Tragic Loss

Tim Noel Appointed Following Brian Thompson’s Death

UnitedHealthcare has named Tim Noel as its new CEO after the tragic death of former CEO Brian Thompson, who was fatally shot in Manhattan in a targeted attack.

Noel, a company veteran since 2007, previously led the Medicare and retirement division. He takes on the role with a strong track record in healthcare and financial restructuring.

Thompson, CEO since 2021, had been with UnitedHealthcare for nearly two decades. The suspect in his killing, Luigi Mangione, faces multiple charges, including first-degree murder, and has pled not guilty.

The incident has sparked broader concerns about executive safety, prompting companies to enhance security measures for top leaders.

Stripe Layoffs Include Accidental Cartoon Duck Email

Company Apologizes for Mishap During Workforce Cuts

Stripe announced layoffs affecting 300 employees, about 3.5% of its workforce, but some terminated employees received an unexpected image of a cartoon duck in their notification emails.

The company also mistakenly included incorrect termination dates in some emails. Stripe's Chief People Officer, Rob McIntosh, apologized for the errors and assured that corrected notifications were sent out.

The layoffs are part of Stripe’s annual review and plans for growth. Despite the cuts, Stripe aims to expand its workforce from 8,500 to 10,000 employees by the end of the year.

Trump Pushes 'Make in America' Economic Plan

Proposes Tariffs and Tax Cuts to Boost Manufacturing

Former President Donald Trump unveiled his vision for reviving the U.S. economy with a "carrot-and-stick" approach. He urged global businesses to manufacture in America, offering lower corporate taxes for companies operating within U.S. borders and imposing tariffs on those that produce abroad.

Key highlights of Trump’s plan include:

• Lower Corporate Taxes: Cutting the corporate tax rate to 15% to encourage investment in the U.S.

• Higher Tariffs: Penalties for companies producing outside the U.S. to drive manufacturing growth at home.

• Energy Focus: Increase U.S. oil production and negotiate with OPEC to lower energy costs.

• Lower Interest Rates: Trump claims reduced inflation could lead to falling interest rates, helping businesses and consumers.

While the plan aims to combat inflation and boost manufacturing, experts warn it may increase consumer costs, widen the deficit, and reignite inflation. Critics also note challenges with oil production and tariffs potentially harming global trade.

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