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Musk-Altman AI rivalry complicating Trump’s dealmaking in Middle East

Sam Altman, CEO of OpenAI, is seen through glass during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, Feb. 11, 2025. Aurelien Morissard | Via Reuters Elon Musk tried to derail a major artificial intelligence infrastructure deal in the Middle East after learning that his startup, xAI, would be excluded … Read more

Donald Trump returns from Middle East dealmaking to domestic economic gloom

Donald Trump’s swaggering tour of the Middle East ended with a sobering dose of domestic reality on Friday as the president headed home to a credit rating downgrade, gloomy data on consumer sentiment and challenges to his flagship tax bill. Over the past two weeks, Trump has seen his approval ratings improve and equity markets … Read more

Nvidia is back in the green amid Trump’s dealmaking

NVIDIA CEO Jensen Huang and U.S. President Donald Trump shake hands at an ‘Investing in America’ event in Washington, D.C., U.S., April 30, 2025. Leah Millis | Reuters The “Magnificent Seven” group of stocks — comprising Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla — drove much of the S&P 500’s sterling 23.31% gain … Read more

The business lessons to draw from Trump’s dealmaking

“The president masters the art of the deal. He is a negotiator-in-chief,” White House press secretary Karoline Leavitt told Fox News last month, referring to Donald Trump’s efforts to put pressure on Ukraine and Russia to agree a ceasefire. Leavitt was nodding to Trump’s 1987 business bestseller, Trump: The Art of the Deal. The book … Read more

Sequoia’s Roelof Botha on the current dealmaking climate, VC firm proliferation, and sneaker style

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive … Read more

Europe bank bosses yearn for M&A as U.S. dealmaking expected to take off

The Euro sculpture near the Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Commerzbank is taking the precautionary move ahead of its engagement with UniCredit SpA, according to people familiar with the matter. Photographer: Krisztian Bocsi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images European banking leaders are … Read more

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