Vietnam approves $1.5 billion investment plan by Trump Organization and partner
HANOI (Reuters) - Vietnam's government has approved a plan by the Trump Organization and a partner to invest $1.5 billion in golf courses, hotels and real estate projects in the Southeast Asian country, state-run Tuoi Tre newspaper reported on Friday.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
39 minutes ago
- Yahoo
UK's Spectris says it would accept $5 billion takeover bid from US-based Advent
(Reuters) -Spectris would accept a 3.73 billion pound ($5.06 billion) bid from Advent if the U.S. private equity firm tables a formal offer, it said on Monday, sending shares in the British scientific instruments maker soaring by 70%. Advent's proposal valued Spectris at 37.63 pounds per share, including dividend, representing close to an 85% premium to Spectris's last closing price. Spectris, in a statement confirming a Bloomberg News report, said it was ready to accept an offer at that price if Advent were to table a formal offer. UK takeover rules require Advent to make a firm offer by July 7 or walk away. Shares in the London-headquartered company jumped 70% to 33.84 pounds, their highest since March 2024. Spectris is one of the largest takeover targets so far this year in Britain, which has been a hunting ground for buyers in recent years because of relatively cheap valuations. The proposal announced on Monday followed a number of earlier approaches from Advent, Spectris said. ($1 = 0.7377 pounds) Sign in to access your portfolio
Yahoo
39 minutes ago
- Yahoo
Pfizer CEO says 'no commitments' made in meetings with US governments on drug pricing
(Reuters) -Pfizer (PFE) and other drug companies have met with the Trump administration to discuss most-favored-nation pricing but no commitments have been made, Chief Executive Albert Bourla said on Monday at an industry conference. The meetings focused on high-level ideas and were not digging into any substance yet, Bourla said. President Donald Trump issued an executive order last month aimed at lowering the prices of branded medicines for U.S. consumers. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy
Yahoo
40 minutes ago
- Yahoo
Pentagon should shave defense procurement regulation: industry group
By Mike Stone WASHINGTON (Reuters) -As the Pentagon overhauls procurement regulations, an industry group that represents defense and aerospace companies says it identified over 50 regulatory requirements that discourage companies from doing business with the government. The Pentagon has embarked on a renewed attempt to change how the Pentagon acquires weapons and support systems. One example was a March memo signed by Secretary of Defense Pete Hegseth changing how the Pentagon buys software. In a June 3 letter to Hegseth, the Aerospace Industries Association (AIA), which represents a wide swath of defense companies including Lockheed Martin Corp, Boeing Co General Dynamics Corp and others, said its members want to eliminate burdensome regulations that have frustrated them for years. "The cumulative growth of these requirements over time has created a regulatory framework that itself poses an endemic risk: stifling innovation, diminishing the supplier base, driving up costs, and delaying delivery," said Eric Fanning, the head of the AIA said in the letter. Key areas AIA targeted for reform include cybersecurity compliance, cost accounting standards, intellectual property rules, and commercial acquisition requirements. Industry leaders have argued these regulations create unnecessary obstacles to an expedited acquisition process. Particularly problematic were the Cybersecurity Maturation Model Certification requirements, which industry representatives say place substantial risk and liability on prime contractors who must verify compliance throughout their entire supply chain. Other targeted regulations include Cost Accounting Standards that force companies to maintain separate accounting systems from standard commercial practices, and intellectual property rules that industry claims discourage companies from offering their best technologies to the Pentagon. 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