Musk, far from repudiating the president, got so excited while celebrating Trump’s return that he gave a crowd two straight-armed gestures that looked to some observers like fascist salutes (Musk described this suggestion as “dirty tricks”).
Donald Trump’s return to the White House has put more than $300bn of potential federal infrastructure funding at risk, US investors said, as they grappled with the scale of his move to unpick Joe Biden’s climate agenda.
Good morning. Donald Trump had a busy first full day back in the Oval Office, as the US president kicked off massive shifts in the country’s economic infrastructure. Here are the key changes.
Trump signed a slew of executive orders that initiated the US withdrawal from the Paris climate accords and WHO, ordered troops to the border with Mexico, pardoned about 1,500 January 6 rioters and restarted permitting for natural gas export terminals. He also rescinded 78 Biden-era directives.
In this challenge, Deutz, one of the world’s oldest engine makers, has found an opportunity. Frankfurt-listed, Cologne-based Deutz is positioning itself to offer back-up power and microgrid solutions for data centres and other companies ravenous for energy, with a special focus on the US.
Netflix added a record 19mn subscribers in the fourth quarter, fuelled by live sports. US stocks rallied while currencies swung the day after Donald Trump’s inauguration, and TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025. Plus, Chinese citizens’ doubts grow over the government’s economic growth claims.
This season of Tech Tonic is presented by Murad Ahmed, and produced by Persis Love. Edwin Lane is the senior producer and Manuela Saragosa is the executive producer. Sound design by Breen Turner, Samantha Giovinco and Joe Salcedo, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
Good morning. This isn’t a US politics newsletter — sign up to the excellent White House Watch for all of that — but British politics will, inevitably, be hugely shaped by Donald Trump’s second term as president. That poses political risks and opportunities to the UK’s main parties — as discussed below.
Plus, Davos delegates seek collaboration, Belarus runs a predictable election and darts player Luke Littler turns 18
Plus, Brookfield finalises a mammoth dividend recap and a British activist investor rattles corporate Singapore
From this day forward, our country will flourish and be respected again all over the world. We will be the envy of every nation, and we will not allow ourselves to be taken advantage of any longer. During every single day of the Trump administration, I will, very simply, put America first. (Applause.)