Economy

Crypto Market
Trump Media Plans New Cryptocurrency

Trump Media shares rose on Wall Street on New Year's Eve after the president's social media company announced plans to issue a new cryptocurrency to be distributed to shareholders, Bloomberg reports. One share will give one unit of the new cryptocurrency, which will be allocated to shareholders via a partnership with crypto exchange Crypto.com.

Several cryptocurrencies have already been linked to President Donald Trump's family, the news agency notes.

Trump Media rose 5.3 percent on Wall Street.

The future of Open AI
Sources: Open AI is developing audio models for new product

OpenAI is working to improve its audio models in preparation for launching a new AI-powered consumer product, a source told The Information. The upcoming device is expected to be largely audio-based.

Current audio models are not on the same level as text models in terms of, for example, how accurate and fast the answers are, two sources said. Therefore, the company has intensified work on improving the sound models for a future product.

The Information has previously reported that the first new sound product is expected in about a year.

The tariff crisis Trump's tariff policy
The US is reportedly lowering shock tariffs on Italian pasta

The US is lowering tariffs on several Italian pasta manufacturers accused of price dumping after reviewing the issue. This is stated by the Italian Foreign Ministry, according to news agencies.

President Trump's retaliatory tariffs of almost 92 percent that were introduced in the fall are now reduced to 2.3 for pasta from the manufacturer La Molisana, to 14 percent for products from Garofalo and to 9.1 percent for another eleven manufacturers, writes Bloomberg.

The US Department of Commerce will conclude its investigation into the pasta tariffs in March and the new tariff rates are said to be preliminary.