A limited trade truce was reportedly extended, covering some U.S. agricultural and medical exports and Chinese consumer goods. But major issues including AI, Iran and broader trade tensions remained unresolved. https://t.co/X7xPw7DETy
Trump and Xi Jinping wrapped up a highly choreographed White House visit featuring military honors, a B-2 flyover, bilateral talks and a state dinner. The two leaders praised recent trade progress, but offered few concrete details on broader agreements.
Trump also addressed Ukraine, Greenland, energy prices and AI, while Iranian President Masoud Pezeshkian said Tehran remains open to diplomacy but rejects negotiations under threat of force.
https://t.co/jEmU5P54be
President Trump used his UN General Assembly address to deliver a stark message to Iran, saying Tehran faces a choice between negotiations and further conflict while predicting a deal could come after the midterm elections.
Legal challenges now argue Gold Card applicants could crowd out EB-1 and EB-2 visa applicants, while DHS says they receive no special fast-track treatment. Wealthy overseas investors appear cautious as the program faces an uncertain future.
https://t.co/vgzSVk2Zb6
Marco Rubio says “American citizenship is not for sale” as the State Department targets so-called birth tourism. A new task force is reviewing visa holders, investigating alleged birth-tourism networks and has already revoked more than 600 visas in one month.
Critics say that message clashes with the Trump Gold Card, which offers a path to U.S. residency for a $1M payment plus a $15,000 processing fee. The administration once projected 80,000 applicants and $100B in revenue—but by May only 338 people had applied.
Silver Lake has a long history of betting on tech companies during periods of disruption, including Dell, VMware and Qualtrics. Could Workday become its next major turnaround play—and potentially one of the largest software buyouts ever? Read more: https://t.co/SiIr7Vyux4
Workday shares surged 18% after reports that private equity giant Silver Lake is exploring a potential acquisition of the enterprise software company. The jump sent Workday to $206.45 and boosted its market value from roughly $43B to $51.1B.
The potential deal comes amid Wall Street’s “SaaSpocalypse,” as AI raises questions about traditional software valuations and per-seat pricing models. Workday entered the year under pressure despite FY2025 revenue of $9.6B and $2.9B in operating cash flow.
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