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Yahoo
23 minutes ago
- Yahoo
Trump Wants a Piece of Intel -- And Wall Street Is All Ears
The Trump administration could be gearing up for a bold move: a direct equity stake in Intel (NASDAQ:INTC). According to people familiar with the talks, the potential deal is aimed at reviving Intel's long-delayed factory project in Ohio, once promised to be the largest chipmaking hub in the world. Shares jumped 7.4% to $23.86 on the day of the news and gained as much as another 4% after hours, as the market reacted to the possibility of federal backing. The discussions come just days after President Donald Trump met with Intel's new CEO Lip-Bu Tan, whom he recently criticized for alleged ties to China. While the deal's details are still in fluxand could fall apartany move would signal Tan's job is likely safe for now. Warning! GuruFocus has detected 10 Warning Signs with INTC. This wouldn't be the first time the Trump administration takes a hands-on approach with corporate America. It recently took a 15% cut of certain semiconductor sales to China and secured a golden share in U.S. Steel to help clear a foreign acquisition. Even more surprising? The Pentagon just became the biggest shareholder in MP Materials (NYSE:MP) with a $400 million preferred equity deal. If Intel follows the same playbook, investors could see a blend of equity, guaranteed purchases, and government-led financingsomething the White House sees as a way to crowd in private capital while reassuring markets that the U.S. government has skin in the game. Intel's Ohio site was expected to benefit heavily from the 2022 CHIPS Act, but with funding momentum now uncertain, a direct government stake could change the equation. The factory buildout has already been pushed into the 2030s, and Tan has shifted focus toward stabilizing the company's finances. Earlier this year, one idea floated was to have TSMC (NYSE:TSM) operate Intel's factories under a joint venturebut that plan never advanced. What's unfolding now could become a new chapter in U.S. industrial policy: one where Washington doesn't just regulate or subsidizebut invests, owns, and influences. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
23 minutes ago
- Yahoo
'The same country': Canada often seen as extension of U.S., Indo-Pacific experts say
OTTAWA — Ottawa's Indo-Pacific strategy has yet to give Canada adequate visibility or distinguish it from the U.S. in the region, experts have told researchers commissioned by the federal government. The Liberals launched the strategy in late 2022 to make Canada a partner of choice for some of the fastest-growing economies on the planet. In releasing the strategy, Ottawa acknowledged that it is perceived locally as having engaged only intermittently in the region over the decades. More than two years later, a report commissioned by Global Affairs Canada says regional experts see Canada as "a strategic but secondary player aligned with U.S. geopolitical priorities" that is "often perceived as an extension of U.S. foreign policy rather than an independent global actor." Global Affairs Canada hired Ipsos to write the report after the firm surveyed 45 experts between March and May on how the strategy was being perceived in five countries: Australia, South Korea, India, Indonesia and the Philippines. GAC paid roughly $199,976, including taxes, for the research, which took place in local languages and sought feedback through an invitation letter on GAC letterhead. The exercise is meant to inform the strategy's five-year evaluation in 2027. The report says that Canada lacks a strong brand in the region. "If we go down the street today (and) we ask people whether Canada and America are the same country, they probably won't be able to tell the difference," one regional expert in Indonesia told Ipsos. Ipsos went over the strategy's five stated objectives: security, expanding trade and resilient supply chains, sustainability, people-to-people ties, and Canadian engagement. The survey says Canada enjoys "a predominantly positive image" in the five countries, as a commodity-exporting country with strong democratic principles. Experts in South Korea and India told Ipsos Canada has historically been seen as an attractive place to study or live, "and this continues to remain somewhat true." Expensive cities and strict visa requirements have undermined this reputation, the report says. "While negative impressions were minimal, some experts in India mentioned diplomatic tensions over the Khalistan movement," the report says, referring to Sikh separatism, adding "they were of the view that the situation has not significantly marred Canada's overall reputation in the country." Respondents in Australia cited Canada's continued extraction of climate-warming fossil fuels as a source of concern, while a South Korean expert said Canada's CANDU nuclear reactors produce too much radioactive waste. According to someone researchers quoted as "a key respondent from South Korea," Canada is "slow-moving and resistant to change." Another Korean expert told Ipsos Canada lacks prominent manufacturers and suggested "the best-known Canadian product is probably ice wine." Despite Canadian officials citing the decades-long footprint in the region of Canadian companies such as Manulife — which has offered insurance services in the Philippines since 1901 — the reported noted "limited awareness of Canadian brands in the Philippines." An expert in Australia told Ipsos that Canada is "just not on our radar screen at all … like almost people have forgotten about it." A Korean expert said "the Canadian embassy has seemed comparatively passive" compared to Australian and New Zealand counterparts. The report warns Canada's "limited on-the-ground visibility" makes it less likely to be seen as a partner of choice in the region. "Several experts pointed to Canada's lack of strategic communication, limited embassy presence, and minimal economic and military footprint in the region as factors hindering its engagement with the region," the report says. As for the strategy itself, experts quoted in the report recommended a publicity campaign — most of them said they'd never heard of the strategy before. Many suggested the strategy document was "a starting point for enhanced regional involvement," while some said it echoed what other countries already outlined in their own strategies. "Some experts noted that the strategy relied heavily on widely accepted diplomatic principles without clearly articulating Canada's unique impact," the report notes. "The (Indo-Pacific strategy) is seen as well-intentioned but somewhat generic, echoing similar frameworks already introduced by others. At worst, the (strategy) risks being seen as 'preachy' or as being of limited relevance." The researchers did find support for Canada playing a more prominent role, particularly "as a bridge-builder among competing powers." The report says most of the region is undertaking a "delicate balancing" act in response to the growing rivalry between Washington and Beijing. "Some regional experts saw an opportunity for Canada to evolve its positioning and demonstrate greater strategic independence from the U.S.," the report says. "There was an expectation for Canada to build on its legacy as a principled and constructive partner while balancing humility with ambition that matches the resources and capabilities at its disposal." The report says there is "significant room for growth" in security collaboration on things like cybersecurity, and in investments in regional think tanks. Canada should "consider joining" a security partnership with Australia, India, Japan and the U.S. known as the Quad, the report says. In trade, the report finds a deep desire for "joint ventures to provide opportunities for innovation," particularly in areas that will improve the lives of the average citizen, such as "critical minerals, clean energy, agri-food, and digital technologies." Ottawa this week named a high commissioner for Fiji, 32 months after promising to open a full diplomatic mission in the Polynesian country. "While the exact timing of the high commissioner's arrival in Fiji is to be determined, Global Affairs Canada has started to deploy diplomatic staff in preparation for the opening of a full diplomatic mission," said department spokeswoman Clémence Grevey. This report by The Canadian Press was first published Aug. 15, 2025. Dylan Robertson, The Canadian Press
CNN
25 minutes ago
- CNN
Man yells for help as apparent ICE agents carry him from LA courthouse into unmarked car, video shows
A man yelled for help as a group of men – one of whom said he was with Immigration and Customs Enforcement – picked him up and pushed him into a car outside a Los Angeles courthouse Wednesday, video shows. The detention has been condemned by the county's top judge and the man's lawyers, who said such operations will deter people from showing up to court. Video obtained by the Los Angeles Times shows the man being carried away with his hands bound behind his back. Those detaining him are in plainclothes, and some are wearing masks. The detained man repeatedly screams, 'Can you help me, please?' as his body flails. The man is then pushed into the back seat of an unmarked car. It's not clear where he was taken. Neither ICE nor the Department of Homeland Security responded to CNN's questions about whether ICE was involved in the detention or why the man was detained. But the incident happened as ICE increasingly make arrests at courthouses under recent guidance from the Trump administration. Los Angeles County Superior Court's presiding judge issued a critical statement in response to questions about Wednesday's incident, saying such operations will have a negative effect on the judicial system. 'While the court is rarely notified of federal immigration enforcement activity occurring outside our courthouse, I am deeply disturbed by such actions,' the presiding judge, Sergio C. Tapia II, said in a release. 'These intimidating and unnecessary displays undermine public trust in the justice system, deter people from seeking justice, and send a dangerous message to immigrant communities that they are not safe to fully and freely participate in the legal process.' In Wednesday's video, an onlooker asks for the name of the man being detained, and he replies, 'Steven Reyes.' Court records show a man named Steven Reyes, who is represented by the Los Angeles County Alternate Public Defender's Office, had an appearance at the county's criminal justice center Wednesday on a state felony charge of having or buying illegal drugs with the intent to sell them. Records show he had pleaded not guilty to the charge on July 31 and was free on his own recognizance. The man detained in the video is represented by the Los Angeles County Alternate Public Defender's Office, spokesperson Jenny Cheng said. She did not confirm if the man detained is the same Steven Reyes with the drug charge. 'These alleged ICE agents, without a warrant or any explanation, clearly deprived our client of his liberty without due process,' Cheng said in an email to CNN. 'It shocks the conscience to see any human violently abducted by a group of mostly masked unidentified individuals. Such aggressive ICE abductions threaten the integrity of the court system and discourage participation.' Wednesday's detention happened outside the Clara Shortridge Foltz Criminal Justice Center, according to the Times and the LA Public Press, which told CNN it obtained the video from a witness and published a shorter, edited clip on social media. In the longer video published by the Times, an onlooker asks one of the men detaining Reyes whether he is from ICE. The man responds, 'yes.' When further questioned by an onlooker, the man quickly flashes a badge twice. While the footage is too blurry to show exactly what the badge says, it resembles a Homeland Security Investigations badge. The person who appears to be taking the video asks if the men have arrest warrants, and the men do not respond to that question. CNN has reached out to ICE for information about the arrest, whether Reyes is in the country illegally, whether he is in ICE custody, where he is being held, and exactly what charges he faces. ICE and the Department of Homeland Security previously operated under guidelines that limited immigration enforcement at or near courthouses, but the Trump administration rescinded those guidelines shortly into the president's second term. Masked law enforcement officers have been showing up at courthouses across the country to arrest migrants. Trump officials have argued the previous guidance hampered the ability of immigration enforcement officers to apprehend people they say are dangerous individuals. 'The ability of law enforcement to make arrests of criminal illegal aliens in courthouses is common sense,' DHS spokesperson Tricia McLaughlin said in a May news release. 'It conserves valuable law enforcement resources because they already know where a target will be. It is also safer for our officers and the community. These illegal aliens have gone through security and been screened to not have any weapons.' Immigrant rights groups have said the increasing number of courthouse arrests by ICE reflect a broader trend of enforcement extending into places once considered out of bounds and no longer confined to border crossings or work sites. The Los Angeles County district attorney's office, which is prosecuting Reyes for the drug charge, said it had no prior knowledge of and played no part in Wednesday's detention outside of court. 'Our ultimate goal is to seek justice for victims and hold criminals accountable,' the district attorney's office wrote in a statement. 'Detaining a defendant before the judicial process has concluded interferes with our ability to prosecute cases and is not to the advantage of the pursuit of justice.' CNN's Holly Yan, Caroll Alvarado and Sara Smart contributed to this report.
