In recent financial news, several key developments have emerged. Former President Donald Trump plans to lift restrictions on oil drilling in Alaska, potentially unlocking access to 8.7 billion barrels of oil. This move aims to expand oil, gas, and mineral development in the region.
The U.S. government is urging countries to submit their best tariff proposals as trade negotiations accelerate. The focus is on improving tariffs and non-tariff barriers, with the U.S. reviewing responses to propose potential solutions.
Elon Musk's Neuralink has raised $650 million in funding from investors like ARK Invest and Sequoia Capital. The funds will support the development of brain-machine interfaces to enhance connections between biology and AI.
Musk's AI company, xAI, plans a $300 million stock sale, valuing the company at $113 billion. This will allow employees to sell shares to new investors before a larger financing round.
U.S. aluminum and steel prices have surged after Trump announced plans to double import tariffs, raising concerns about increased material costs for manufacturers.
UBS reports that NVIDIA (NVDA, Financial) could secure a $20 billion order from the Texas-based AI data center project, benefiting from GPU sales and partnerships with Oracle's cloud infrastructure.
