Core Viewpoint - U.S. President Donald Trump denied ever offering to nominate JPMorgan CEO Jamie Dimon for the position of Federal Reserve chair, which contradicts a recent report [1] Group 1 - President Trump clarified that he did not propose Jamie Dimon for the Federal Reserve chair position [1]

Core Viewpoint - Elon Musk is pursuing up to $134 billion from OpenAI and Microsoft, claiming entitlement to the "wrongful gains" they accrued from his initial support of the AI startup [1] Group 1 - Musk's claim is based on the assertion that his early involvement significantly contributed to the success of OpenAI [1] - The amount sought by Musk reflects the perceived value generated by OpenAI and Microsoft from their collaboration [1] - This legal action highlights the ongoing tensions and complexities in the relationships between tech entrepreneurs and the companies they help to establish [1]

Core Insights - U.S. President Donald Trump invested approximately $100 million in municipal and corporate bonds from mid-November to late December, indicating a significant financial maneuver during this period [1] - Among the investments, Trump acquired up to $2 million in bonds from Netflix and Warner Bros Discovery shortly after the announcement of their merger, suggesting a strategic interest in these companies [1] Investment Details - The total investment in bonds was around $100 million, highlighting a substantial commitment to fixed-income securities [1] - The specific investment in Netflix and Warner Bros Discovery bonds was noted to be up to $2 million, reflecting a targeted approach towards companies involved in significant corporate activities such as mergers [1]

Core Insights - Suppliers of parts for Nvidia's H200 chips have halted production due to Chinese customs blocking shipments of the newly approved AI processors from entering China [1] Group 1 - The production pause by suppliers is a direct response to regulatory actions by Chinese customs [1] - The blockage affects the supply chain for Nvidia's H200 chips, which are critical for AI applications [1] - The situation highlights the ongoing geopolitical tensions impacting technology supply chains [1]

Core Viewpoint - U.S. banks are facing a significant political challenge in response to President Donald Trump's proposal to cap credit card interest rates, leading to uncertainty within the finance industry regarding their next steps [1] Group 1: Political Context - The call from President Trump represents a direct challenge to the banking sector, which may have to navigate complex political dynamics while addressing consumer interests [1] Group 2: Industry Response - The finance industry is reportedly scrambling to determine how to respond to the proposed interest rate cap, indicating potential divisions or differing strategies among banks [1]

Core Viewpoint - The White House is considering an executive action to implement President Donald Trump's proposal for capping credit card interest rates, as reported by Bloomberg News, citing sources familiar with the matter [1] Group 1 - The potential executive action reflects the administration's focus on consumer financial protection [1] - The move could significantly impact credit card companies and their interest rate structures [1] - This initiative aligns with broader efforts to address consumer debt and financial burdens [1]

Core Viewpoint - A group of European researchers has concluded that taking paracetamol, known as Tylenol in the U.S., during pregnancy is safe, countering claims made by U.S. President Donald Trump regarding potential risks associated with its use [1] Group 1 - The research compiled data to address concerns raised about the safety of paracetamol during pregnancy [1] - The findings suggest that there is no significant evidence linking paracetamol use in pregnancy to adverse outcomes for the fetus [1] - This conclusion may influence public perception and medical guidelines regarding pain management for pregnant women [1]

Core Viewpoint - The U.S. Surface Transportation Board has returned Union Pacific's proposed $85 billion merger with Norfolk Southern for revision due to insufficient information [1] Group 1: Merger Details - Union Pacific's proposed merger with Norfolk Southern is valued at $85 billion [1] - The merger is currently under review by the U.S. Surface Transportation Board [1] Group 2: Regulatory Actions - The Surface Transportation Board indicated that the merger proposal lacked required information [1] - The board's action necessitates a revision of the merger proposal by Union Pacific [1]

The U.S. is moving as fast as it can to grant Chevron an expanded license for its oil production in Venezuela, U.S. Energy Secretary Chris Wright told Reuters on Friday. ...

Biopharmaceutical company Agomab Therapeutics filed for an initial public offering in the United States on Friday. ...