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Trump's Potential Chips Act Reversal, Tech Faces Tariffs | Bloomberg Technology
Bloomberg's Caroline Hyde and Jackie Davalos discuss a potential Chips Act reversal as President Donald Trump calls the program "horrible." And, we take a look at how President Trump's tariffs are impacting the global tech sector. Plus, a startup that aims to bring back extinct species makes a breakthrough with a "Woolly Mouse." (Source: Bloomberg)
IF A CHECK HAS BEEN WRITTEN TO A COMPANY AND CASH, NOBODY IS COMING KNOCKING ON THEIR DOOR SAYING HEY, WE WANT UNCLE SAM'S MONEY BACK, TO PUT UNDER SOME OTHER PRIORITY UNDER THE NEW ADMINISTRATION. ACT WAS NOT ONLY PROVIDING MONEY FOR THE MANUFACTURING PLANTS BUT ALSO TO AGENCIES LIKE THE NATIONAL SCIENCE FOUNDATION, WHICH REALLY DEVELOPS A LOT OF THESE MASTER, DOCTORATE LEVEL STUDENTS THAT EVENTUALLY END UP IN THE PRIVATE SECTOR. I THINK OF MIKE ANDERS FROM ICONIQ CAPITAL OVER AT BLOOMBERG BEST, AND THE DISRUPTION, CONSUMER SENTIMENT SHIFT, MAYBE THAT'S A BETTER ENVIRONMENT FOR HIS COUNTRY AT LEAST TO START WRITING CHECKS, BECAUSE WE DO HAVE THE FOMO A LITTLE BIT.
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