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Intel CEO Who Won Over Trump Now Needs a Breakthrough

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After Lip-Bu Tan became chief executive officer of Intel Corp. in March of last year, the struggling company’s shares went nowhere for seven months while the chipmaker was getting trounced in the market for artificial intelligence.

But after forging ties to the world’s biggest tech titans — and winning over US President Donald Trump — Tan is kicking off year two on a decidedly higher note. Apple Inc. and Tesla Inc. are showing interest in the company’s manufacturing. The processors it makes are back in demand, and budding optimism that Intel will finally start to benefit from the AI boom has sent its stock to a record.

Before Tan can deliver on shareholders’ rising expectations, he has to make changes within the 57-year-old company that was formerly a leader in semiconductor manufacturing. Since becoming CEO, Tan has spent far more time outside the company than inside, and has not widely explained his specific plan to fix products and manufacturing to employees, according to more than a dozen current and former staff, who were not authorized to speak publicly. We get more from Sarah Frier, Bloomberg News Managing Editor for Big Tech.
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Wiles Out as White House Chief of Staff, Stephen Miller Takes Role

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“Balance of Power” focuses on the intersection of politics and global business. On today’s show, Joe Manchin, former US Senator and Governor for West Virginia, says Democrats can overplay their hand if they make impeaching President Donald Trump a priority after taking control of Congress. Rep. Don Beyer (D-VA) says he was thrilled that a federal judge temporarily blocked President Donald Trump’s planned triumphal arch from breaking ground. Rep. Gwen Moore (D-WI) says affordability is “top of mind for all Americans” and believes health care is an obvious place for Democrats to intervene.

Chapters:

00:01:47 Bloomberg’s Jeff Mason on Trump Shakes Up White House, Stephen Miller Named Chief of Staff
00:04:19 Joe Manchin, former US Senator and Governor for West Virginia, on Trump, Democrats and the New Congress
00:08:32 Joe Manchin on Congressional Oversight and Impeachment
00:10:54 Joe Manchin on the 2028 Presidential Field
00:13:57 Power Moves: Top Financial Moves
00:17:46 Rep. Don Beyer (D-VA) on Trump’s Planned Triumphal Arch Faces Legal Challenge
00:21:02 Rep. Don Beyer (D-VA) on Hegseth Impeachment and War Powers
00:22:59 Rep. Don Beyer (D-VA) on Democrats Debate Permitting Reform
00:24:08 Bloomberg Government’s Rachel Schilke on House Republicans Face Leadership Battle After Midterm Losses
00:29:24 Rep. Gwen Moore (D-WI) on Democrats’ Agenda and Working With Trump
00:32:03 Rep. Gwen Moore (D-WI) on Pete Hegseth and Impeachment
00:33:38 Rep. Gwen Moore (D-WI) on Democrats’ Affordability and Health-Care Priorities
00:35:32 Rep. Gwen Moore (D-WI) on AI, Data Centers and Economic Risks
00:40:52 Political Panel Reacts: Stephen Miller’s Promotion, Hegseth Impeachment Push, Mississippi Senate Race and Remaining Vote Count

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Will a Democrat-Led Congress Slow Data Center Buildout?

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As the dust settles after sweeping Democratic wins across the country, many are left to wonder — how will the power shift influence everything from the composition of the FOMC to AI development?

Employ America’s executive director Skanda Amarnath joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss whether he thinks a Democrat-led Congress will slow down data center construction.
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Anthropic Files for IPO in Global Race to Raise Cash for AI

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Anthropic filed for its long-awaited IPO, a landmark moment in an industry that is growing ever-hungrier for cash to power ahead. Ed Ludlow reports.
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The Little-Known Trading Firm That Beat Wall Street’s Biggest Giants

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On today’s Big Take podcast, finance reporters Max Abelson and Katherine Doherty discuss their exclusive reporting into who runs Jane Street and why it matters to global markets.
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Nasdaq Suffers Worst Rout Since March 2020

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The stock-market rout on Thursday pulled down companies at the heart of the AI boom due to the prospect of a political shift that will tap the brakes on the industry’s growth.
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