Trump Announces $175 Billion Rosie O'Donnell Defense System
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Trump's Tough Stance on Semiconductor Tariffs Could Soften, Wedbush Says
Key Takeaways President Donald Trump said late Tuesday that new tariffs on semiconductors could be coming soon, though Wedbush analysts suggested his stance could soften. The analysts pointed to Nvidia's assurances from the Trump administration of licenses to resume AI chip sales to China, and called the development 'a key strategic positive for the tech space.' ASML shares tumbled Wednesday after the semiconductor equipment maker said it couldn't guarantee growth in 2026 amid macroeconomic and geopolitical Donald Trump said late Tuesday that new tariffs on semiconductors could be coming soon, but Wedbush analysts suggested his stance could soften. The president said late Tuesday that he is probably going to impose tariffs on semiconductors, along with pharmaceuticals, by Aug. 1, Bloomberg reported. Wedbush analysts led by Dan Ives told clients in a note Wednesday, however, that they 'believe the Trump Administration will continue to soften its stance around tariffs and look to ink trade deals across the board including China, Japan, and India that do not dramatically alter the current landscape for Big Tech.' Wedbush confirmed those comments stand after the president's latest statements on semiconductor tariffs. The analysts pointed to Nvidia's (NVDA) announcement Monday that it was given assurances from the U.S. government of licenses to resume selling its H20 AI chips to China, signaling a walkback from the Trump administration after it imposed the curbs in a bid to limit Beijing's AI ambitions. The expanding access to China was, they wrote, 'a key strategic positive for the tech space.' But shares of ASML Holding (ASML) tumbled over 8% Wednesday after the semiconductor equipment maker said it couldn't guarantee growth in 2026 amid macroeconomic and geopolitical uncertainty. The company, whose machines are needed to make advanced AI chips, made the statement as it posted second-quarter results. ASML sells its machines to customers globally, including U.S. chipmaker Intel (INTC) and TSMC (TSM), the world's largest contract chip maker. Shares of Intel and memory chip maker Micron Technology (MU) also lost ground Wednesday. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
Fact check: Trump tells fictional story about his uncle and the Unabomber
President Donald Trump likes to boast about the brilliance of his late uncle John Trump, who spent decades as a professor of electrical engineering at the renowned Massachusetts Institute of Technology (MIT). And when speaking about all manner of subjects, the president likes to make up stories filled with dramatic but fictional details. On Tuesday, Trump conjured an especially odd imaginary tale – that linked his uncle with the late terrorist Theodore 'Ted' Kaczynski, better known as the Unabomber. Trump was speaking at a Pennsylvania event about energy and innovation when he said he had to 'brag just for a second' about his uncle's intelligence. After wrongly saying his uncle was 'the longest-serving professor in the history of MIT' (he was one of the longest-serving but not the very longest) and wrongly saying his uncle's three university degrees were 'in nuclear, chemical, and math' (two were in electrical engineering and one was in physics), the president claimed, 'Kaczynski was one of his students.' He went on to tell a story about having asked his uncle about what Kaczynski was like. ''I said, 'What kind of a student was he, Uncle John?' Dr. John Trump. I said, 'What kind of a student?' And then he said, 'Seriously, good.' He said, 'He'd correct – he'd go around correcting everybody.' But it didn't work out too well for him.' For two big reasons, this story could not possibly be accurate. First, the president's uncle died in 1985. Kaczynski was publicly revealed as the Unabomber more than a decade later, in 1996, when he was captured; before that, he had lived as a recluse in the Montana wilderness. There is no apparent reason that Donald Trump would have been asking anyone about Kaczynski in 1985 or earlier. Second, Kaczynski attended Harvard University and the University of Michigan, not MIT. An MIT spokesperson said in a Wednesday email: 'We have no enrollment record or information that Ted Kaczynski ever attended MIT.' Harvard has long allowed some students to register for classes at nearby MIT, but media outlets and MIT itself have found no sign that Kaczynski ever did that during his time at Harvard in the late 1950s and early 1960s – much less that Kaczynski, a Harvard mathematics major, studied under Trump, the MIT professor of electrical engineering. MIT reported on its website in 1996 that Kaczynski's high school guidance counselor said Kaczynski had been offered admission to MIT in the 1950s but had chosen Harvard instead. The White House did not respond to a request for comment on the president's tale. What the president could have accurately said is that his uncle was an esteemed MIT professor. The MIT spokesperson said Wednesday that John Trump 'remains among the longest-serving professors in our history and was a highly valued member of the MIT community throughout his tenure as a researcher, innovator, entrepreneur, teacher, and colleague.'
Yahoo
21 minutes ago
- Yahoo
Trump says Coca-Cola agreed to use real cane sugar in US
WASHINGTON (Reuters) -President Donald Trump said on Wednesday Coca-Cola had agreed to use real cane sugar in its beverages in the U.S. after his discussions with the company. "I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so. I'd like to thank all of those in authority at Coca-Cola," Trump said in a post on Truth Social. The Trump administration's Make America Healthy Again initiative, named for the social movement aligned with Health Secretary Robert F. Kennedy Jr., has pushed food companies to alter their formulations to remove ingredients like artificial dyes. Coca-Cola produced for the U.S. market is typically sweetened with corn syrup, while the company uses cane sugar in some other countries. Kennedy has been critical of the amount of sugar consumed in the American diet and has said that updated dietary guidelines released this summer will advise Americans to eat "whole food." The White House and Coca-Cola did not immediately respond to a request for comment. Sign in to access your portfolio
