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The White House invited executives from Tesla, Apple, Boeing and other companies to join President Trump on a trip to China this week. The group is expected to accompany him for a summit where officials said he wants to finalize details of a board of trade with China. Several company stocks rose after the list of expected attendees was reported.
citizen.co.zaThe officials said Trump wants to finalize the details of a board of trade with China during the trip. The visit is intended to unlock business deals and purchase agreements with Beijing. ’s Dina Powell McCormick. ’s Jim Anderson are also expected to attend, the official said.
Chuck Robbins of Cisco Systems Inc. appeared on the list but a company spokesperson said later he would be unable to accept the invitation, citing upcoming earnings. Qualcomm confirmed Amon’s attendance. Tesla, Apple, Micron, and Coherent did not immediately respond to requests for comment while Meta declined to comment.
The group of more than a dozen top executives consists mostly of representatives of major financial, technology, aerospace and agricultural firms. Musk’s inclusion comes after he oversaw an administration effort last year to downsize the federal government before an ugly falling out that culminated in his departure.
The two men have since patched up their differences. Boeing is closing in on one of the largest sales in its history, a 500-aircraft order for 737 Max jets set to be unveiled during the trip to Beijing, according to people familiar with the matter. Coherent stock sharply extended gains while shares of Illumina, GE, Boeing, Visa, Mastercard and Apple all hit session highs after the list of names was reported.
The delegation list does not include Jensen Huang, chief executive officer of Nvidia Corp. His exclusion marks a potential setback for Nvidia in its bid to export its AI processors to China, a market that Huang has said could reach $50 billion in sales.
The company had no comment and Huang said last week he would join the delegation if invited. China is the world’s largest car market and a crucial one for Tesla. The electric-vehicle maker is working to stabilize its business in China as it contends with competition from homegrown manufacturers.
Vehicle shipments last month from Tesla’s Shanghai factory climbed 36 percent from a year earlier. The company hopes to get a boost later this year from the possible approval of its automated-driving technology by Chinese regulators.
nbcnews.comPresident Trump will meet Wednesday with executives from the largest U.S. defense contractors. The session follows a March White House gathering and administration steps to increase weapons output while curbing shareholder returns.
U.S. and Iranian officials met in Switzerland with mediators from Pakistan and Qatar. Vice President J.D. Vance said progress occurred on a potential long-term nuclear deal. President Trump warned Iran against proxy actions in Lebanon or closing the Strait of Hormuz.
middleeasteye.netNewsweek reported that CCTV aired video of the DF-17 launch from the Gobi Desert. The footage included a close-up of the hypersonic glide vehicle. The Pentagon has assessed China as holding the world's leading hypersonic arsenal.