Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:
U.K. DEAL: President Trump is expected to announce a comprehensive trade deal with the U.K. President Trump said via Truth Social, “The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come. Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!”
FED KEEPS RATES UNCHANGED: President Trump said via Truth Social, “‘Too Late'” Jerome Powell is a FOOL, who doesn’t have a clue. Other than that, I like him very much! Oil and Energy way down, almost all costs (groceries and “eggs”) down, virtually NO INFLATION, Tariff Money Pouring Into the U.S. – THE EXACT OPPOSITE OF ‘TOO LATE!’ ENJOY!”
SURGEON GENERAL: President Donald Trump intends to nominate Casey Means, a wellness influencer, as the next surgeon general, The Wall Street Journal’s Liz Essley Whyte reports. Means rose to prominence via the “Make America Healthy Again” movement and has criticized conventional medicine, and her views on topics like raw milk diverge from mainstream public-health recommendations, the publication notes.
AI CHIP RULES: The Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions, reported Bloomberg. The repeal seeks to refashion a policy launched under President Joe Biden that created three broad tiers of countries for regulating the export of chips from Nvidia (NVDA) and others, says the report which notes that the Trump administration will not enforce the so-called “AI diffusion rule” when it takes effect on May 15 and instead plans to develop a new rule that would strengthen the control of chips abroad.
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