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Nvidia's H200 Chip Sales To China Await State Department Approval Despite Trump's December Go-Ahead: Report - NVIDIA (NASDAQ:NVDA)
Benzinga· 2026-02-04 07:43
Despite President Donald Trump‘s approval of Nvidia Corp.‘s (NASDAQ:NVDA) export of H200 chips to China, the sales are reportedly still pending final clearance from the U.S. government.State Dept Review Delays China Chip SalesThe U.S. government is now reviewing the licenses to ensure that appropriate conditions are attached. The Commerce Department has completed its analysis, but the State Department is reportedly pushing for tougher restrictions, as per a report by the Financial Times on Wednesday. The S ...
Alta Copper Issues Update on Fortescue Transaction
Accessnewswire· 2026-01-22 12:00
VANCOUVER, BC / ACCESS Newswire / January 22, 2026 / Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) ("Alta Copper" or the "Company") announces that it has been advised by Fortescue Ltd ("Fortescue") that Nascent Exploration Pty Ltd, a wholly-owned subsidiary of Fortescue (the "Purchaser") has received a notice from the Director of Investments under the Investment Canada Act (Canada) (the "ICA") pursuant to section 25.2(1) of the ICA indicating that the Minister of Innovation, Science and Economic Devel ...
Paramount says China's Tencent withdrew from its Warner Bros bid to avert national security issues
Yahoo Finance· 2025-12-10 07:22
Core Viewpoint - Tencent Holdings has withdrawn its bid to acquire Warner Bros Discovery to avoid potential national security scrutiny from the U.S. government [1][2]. Group 1: Tencent's Withdrawal - Tencent dropped its $1 billion financing commitment for the acquisition due to concerns that it would be classified as a "non-U.S. equity financing source," which could trigger a review by the Committee on Foreign Investment in the United States (CFIUS) [2]. - The decision to withdraw was made despite the fact that CFIUS approval was not a condition for the bid [2]. Group 2: Paramount's Takeover Bid - Paramount has launched a hostile takeover offer valued at $77.9 billion for Warner Bros Discovery, competing against Netflix for the acquisition of the company that owns HBO, CNN, and a prominent movie studio [3]. - Foreign sovereign wealth funds from Saudi Arabia, Abu Dhabi, and Qatar are providing $24 billion for Paramount's bid and have agreed to relinquish management rights to avoid additional scrutiny [3]. Group 3: National Security Concerns - CFIUS reviews are often applied to significant deals involving foreign companies, assessing potential national security risks [4]. - The U.S. Treasury Department has been strengthening its review powers under both former President Biden and former President Trump due to rising national security concerns regarding foreign investments [5]. Group 4: Tencent's Profile - Tencent is a major player in the gaming and social media sectors, owning Riot Games and having partnerships with various U.S. entertainment brands, including a streaming deal with the NBA [6][7]. - The company is the world's largest equity investor in online games and operates the WeChat messaging and payments service in China and among Chinese expatriates [7]. - Tencent has a market capitalization exceeding $700 billion, as reported by the Hong Kong stock exchange [7].
Proposed Teck-Anglo merger is subject to national security review, Canada says
Yahoo Finance· 2025-11-26 20:52
Core Viewpoint - Canada will conduct a national security review of the proposed $53 billion merger between Anglo American and Teck Resources, which is significant in the mining industry and requires regulatory approval [1][2]. Group 1: Merger Details - The proposed merger aims to create a copper giant, combining the companies' copper assets primarily located in Chile, while Teck also owns the Highland Valley copper mine in Canada [2][4]. - The leadership of both companies has proposed relocating the combined headquarters to Vancouver and maintaining a dual listing, but Ottawa has requested additional commitments regarding investment and job security [3]. Group 2: Regulatory Context - The national security review will assess the potential impact of the merger on critical minerals and supply chains, with copper being classified as a critical mineral by Canada [3]. - The Investment Canada Act was amended in 2024 to impose stricter regulations on large foreign acquisitions of domestic companies, particularly concerning national security implications [4]. Group 3: Shareholder Actions - Teck shareholders are set to vote on the merger on December 9, and a proxy advisory firm has recommended that shareholders vote in favor of the deal [5].