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Trump says he will meet China's Xi if a trade deal is struck
WASHINGTON: President Donald Trump said on Tuesday (Aug 5) the US was close to a trade deal with China and that he would meet his Chinese counterpart Xi Jinping before the end of the year if an agreement is struck. "He asked for a meeting, and I'll end up having a meeting before the end of the year most likely, if we make a deal. If we don't make a deal, I'm not going to have a meeting," Trump told CNBC in an interview referring to China's Xi. "We're getting very close to a deal. We're getting along with China very well," Trump said. Treasury Secretary Scott Bessent said last week he believed the US had the "makings of a deal" with China after officials from the two countries met in Stockholm in a bid to resolve economic disputes aimed at extending their truce on a trade war by three months. China is facing an Aug 12 deadline to reach a durable tariff agreement with the US administration, after Beijing and Washington reached preliminary deals in May and June to end escalating tit-for-tat tariffs and a cut-off of rare earth minerals. Without a deal, global supply chains could face renewed turmoil from US duties snapping back to triple-digit levels that would amount to a bilateral trade embargo.


CNA
2 hours ago
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US agency approves OpenAI, Google, Anthropic for federal AI vendor list
WASHINGTON :The U.S. government's central purchasing arm on Tuesday added OpenAI's ChatGPT, Google's Gemini and Anthropic's Claude to a list of approved artificial intelligence vendors to speed use by government agencies. The move by the General Services Administration, allows the federal government advance adoption of AI tools by making them available for government agencies through a platform with contract terms in place. GSA said approved AI providers "are committed to responsible use and compliance with federal standards."


CNA
2 hours ago
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Former X CEO Yaccarino takes helm at digital health company eMed
Weight-loss focused digital company eMed Population Health on Tuesday named Linda Yaccarino, the former chief of Elon Musk's social media platform X, as CEO. The online weight management company's digital platform provides at-home diagnostics, proctor-led screenings and physician-guided prescribing for patients with obesity and type 2 diabetes. Yaccarino has virtually no experience in the health sector but brings more than a decade of advertising expertise. She led the modernization of NBCUniversal's ad business and built major brand partnerships at the Comcast-owned company. In her first public statement following her appointment, Yaccarino said, "There is an opportunity to combine technology, lifestyle, and data in a new powerful way through the digital channels that impact consumers directly in ways that have never been done before." At X, where she spent two years, Yaccarino was tasked with revitalizing the company's reputation among marketers who had fled the platform after its takeover by Musk. She stepped down from her role at the social media site in July, in a surprise move just months after the platform was acquired by the billionaire's AI startup, xAI.