The US government's sweeping reciprocal tariffs could hamstring the billion-dollar efforts to build artificial intelligence infrastructure in the country, likely undermining a key goal of the administration, according to analysts.
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Tariffs could stymie Big Tech’s
US data center spending spree
The US government's sweeping reciprocal tariffs could hamstring the billion-dollar efforts to build artificial intelligence infrastructure in the country, likely undermining a key goal of the administration, according to analysts. Read here
Capital One’s $35B deal for Discover clears DOJ
The Virginia-based diversified bank has received the greenlight from the US Justice Department for its proposed $acquisition of the Illinois-headquartered digital banking and payment services company. Read here
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Brookfield to acquire Colonial Pipeline for $9B
The global infrastructure company is buying the largest US fuel transportation system as part of a deal to acquire all assets of Colonial Enterprises, which is expected to close in the second half of 2025. Read here
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NEWS WORTH NOTING
Intel, TSMC launching joint chipmaking venture
The California-based semiconductor giant is teaming up with the world’s largest pure-play chip foundry in a tentative agreement to create a joint venture that will operate Intel’s chipmaking facilities. Read here
Taiwan unveils $8.7B help for tariff-hit companies
Taiwan's government has announced at least $8.74 billion worth of financial aid for companies and industries to deal with the impact of the latest reciprocal US tariffs. Read here
Global money market inflows surge amid tariffs
Funds saw massive surges as investors grew cautious over the US government's aggressive trade policies, which are heightening fears of a global slowdown. Read here
India to sell 4.8% stake in Mazagon Dock Shipbuilders
The Indian government, which currently owns 84.83% of the Mumbai-headquartered defense public sector shipyard, plans to offload its shares as part of a wider sale plan. Read here
BHP considered spinning off iron ore, coal divisions
The world's biggest listed miner planned to divest its Australian subsidiaries as part of a medium-term growth strategy focussed on future-facing commodities. Read here
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