Trump's tariffs
Trump in Davos: "Demands that interest rates be lowered immediately"
Tariff threats and energy policy were in focus when Donald Trump spoke at the World Economic Forum on Thursday. The message was consistent with that from the election campaign and his first week as president, Bloomberg summarizes.
The president called for a lower oil price and repeated his threat to target tariffs on companies that do not manufacture in the United States. Trump also promised the largest tax cuts in American history and claimed that the United States will serve as the capital of both AI and crypto.
The Republican also put pressure on the Federal Reserve.
- I will demand that interest rates be lowered immediately. And they should be lowered the same way all over the world. Interest rates should follow us, says Trump.
US elections • The development of AI
Musk on the AI investment: "They actually don't have the money"
Open AI, Oracle and Softbank do not have enough money for the high-profile AI investments in the United States of up to $ 500 billion. Tesla CEO Elon Musk writes on X.
"Softbank has well under $10 billion secured. I have that information from a good source," he writes.
Open AI CEO Sam Altman responds by saying that he "genuinely respects" Musk, but that his statements about Softbank are wrong.
The development of AI
Sources: EU to introduce new strategy for AI competition
The EU is to introduce a series of initiatives to improve Europe's competitiveness when it comes to AI, Bloomberg reports, citing sources.
Among other things, they outline introducing a new research authority, building infrastructure for supercomputers, improving access to financing and reducing the regulatory burden, according to the sources.
The Union wants to follow the US model, where Donald Trump recently presented a series of initiatives, such as "Stargate" with a focus on AI.
The EU's proposal is expected to be presented in the near future, the news agency writes.
American drug crisis
Settlement in opioid crisis – Purdue pays 85 billion
After months of negotiations, Purdue Pharma and the owner family Sackler agree to pay the equivalent of 85 billion kronor to a dozen states. Bloomberg reports.
The pharmaceutical company manufactured the drug Oxycontin that caused the so-called opioid crisis, in which hundreds of thousands of people have lost their lives so far.
In 2023, an appeals court granted the Sackler family full immunity in exchange for a fine of 60 billion kronor. That decision was overturned by the US Supreme Court in June.
Food prices
Highest coffee price in 50 years – expected to continue to increase
The price of green coffee is now the highest in 50 years. And prices are expected to continue to increase during the spring. P4 Malmöhus reports.
It is the “million dollar question”, which way prices will go, says Minette Rosén, raw materials manager at Zoégas in Helsingborg.
The increase is due, among other things, to a poor harvest in Brazil, which has already experienced several dry years, as well as a stronger dollar. On the world market, the price is now $3.20 per pound, equivalent to 35 kronor per half a kilo.
Trump in Davos: "Demands that interest rates be lowered immediately"
Tariff threats and energy policy were in focus when Donald Trump spoke at the World Economic Forum on Thursday. The message was consistent with that from the election campaign and his first week as president, Bloomberg summarizes.
The president called for a lower oil price and repeated his threat to target tariffs on companies that do not manufacture in the United States. Trump also promised the largest tax cuts in American history and claimed that the United States will serve as the capital of both AI and crypto.
The Republican also put pressure on the Federal Reserve.
- I will demand that interest rates be lowered immediately. And they should be lowered the same way all over the world. Interest rates should follow us, says Trump.
US elections • The development of AI
Musk on the AI investment: "They actually don't have the money"
Open AI, Oracle and Softbank do not have enough money for the high-profile AI investments in the United States of up to $ 500 billion. Tesla CEO Elon Musk writes on X.
"Softbank has well under $10 billion secured. I have that information from a good source," he writes.
Open AI CEO Sam Altman responds by saying that he "genuinely respects" Musk, but that his statements about Softbank are wrong.
The development of AI
Sources: EU to introduce new strategy for AI competition
The EU is to introduce a series of initiatives to improve Europe's competitiveness when it comes to AI, Bloomberg reports, citing sources.
Among other things, they outline introducing a new research authority, building infrastructure for supercomputers, improving access to financing and reducing the regulatory burden, according to the sources.
The Union wants to follow the US model, where Donald Trump recently presented a series of initiatives, such as "Stargate" with a focus on AI.
The EU's proposal is expected to be presented in the near future, the news agency writes.
American drug crisis
Settlement in opioid crisis – Purdue pays 85 billion
After months of negotiations, Purdue Pharma and the owner family Sackler agree to pay the equivalent of 85 billion kronor to a dozen states. Bloomberg reports.
The pharmaceutical company manufactured the drug Oxycontin that caused the so-called opioid crisis, in which hundreds of thousands of people have lost their lives so far.
In 2023, an appeals court granted the Sackler family full immunity in exchange for a fine of 60 billion kronor. That decision was overturned by the US Supreme Court in June.
Food prices
Highest coffee price in 50 years – expected to continue to increase
The price of green coffee is now the highest in 50 years. And prices are expected to continue to increase during the spring. P4 Malmöhus reports.
It is the “million dollar question”, which way prices will go, says Minette Rosén, raw materials manager at Zoégas in Helsingborg.
The increase is due, among other things, to a poor harvest in Brazil, which has already experienced several dry years, as well as a stronger dollar. On the world market, the price is now $3.20 per pound, equivalent to 35 kronor per half a kilo.
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