The UAE is the third and last stop of Trump's trip to the Middle East. During his visit to the UAE, Trump announced a new cooperation agreement with the country with a total amount of more than US$200 billion, which involves an artificial intelligence cooperation framework, covering multiple fields such as aviation, energy, manufacturing and artificial intelligence. The two sides established a framework for artificial intelligence cooperation and reached a preliminary consensus on chip exports and data center investment.

Global headlines: Trump's trip to the Middle East is over, and the UAE's 200 billion orders are here

In the aviation field, Etihad Airways has pledged to invest $14.5 billion to purchase 28 Boeing 787 and 777X models, with engines provided by General Electric Aviation. In terms of energy and manufacturing, Abu Dhabi National Oil Corporation will cooperate with three US energy companies to carry out oil and gas production projects worth US$60 billion, and UAE Global Aluminum plans to invest $4 billion in Oklahoma to build an aluminum smelting facility.

Artificial intelligence is the focus of this cooperation. The two sides reached a preliminary agreement that the United States will export Nvidia high-end AI chips to the UAE every year starting this year. The UAE will also invest, build or fund data centers in the United States, requiring that their scale and performance are not lower than those of their own projects. The agreement also includes the UAE strengthening supervision of technology exports and keeping it consistent with US national security regulations to prevent US technology from being transferred to third parties.

During this visit, Trump appeared at the UAE Presidential Palace with Nvidia CEO Jensen Huang during this visit, showing the priority of AI chip cooperation in both parties.

The Guardian: Trump does not want Apple to produce products in India

During Trump's visit to Qatar, he publicly criticized Apple for transferring its iPhone assembly business to India and once again called on Apple to bring the manufacturing process back to the United States.

Trump said he had expressed his dissatisfaction directly to Apple CEO Cook, saying, "We hope you build a factory in the United States, not in India." Apple did not respond publicly.

Despite this news, Apple's stock price performed smoothly, with only a slight decline, consistent with the market trend. As of the close, Apple fell 0.41%. Analysts point out that moving supply chains that rely on millions of low-wage labor to the United States will be almost infeasible in the short term and may take ten years or even longer.

Reuters: Powell warns of rising long-term interest rates, "supply shock" brings policy challenges

Fed Chairman Powell said Thursday that long-term interest rates may be higher as the economy and policy changes.

Powell pointed out that the situation has changed significantly over the past five years, referring to the Fed’s policy framework assessment (the last time was in the summer of 2020).

During this period, the Fed experienced a period of soaring inflation, prompting it to adopt historic radical interest rate hikes. Even if long-term inflation expectations are basically in line with the Fed's 2% target, it is unlikely that the era of near-zero interest rates will return soon, Powell said.

Bloomberg: Tariff negotiations are slow, EU is reportedly preparing for a new trade proposal with the United States

According to people familiar with the matter, the EU is revising its proposal for a potential trade deal with the United States as the first step toward serious negotiations, although the Trump administration still provides no clear information and continues to make demands that negotiators consider unrealistic.

The EU's new proposal will provide more details on how to lower trade and non-tariff barriers, and how to promote European investment and purchase of U.S. goods, including liquefied natural gas and semiconductors used for artificial intelligence, people familiar with the matter said.

Although direct negotiations between the United States and Europe are progressing slowly, after the Trump administration reached a preliminary agreement with the United Kingdom, senior trade officials in EU member states also expressed stronger confidence that they could negotiate with the United States to reduce tariffs.

Barron's magazine: Buffett sold bank stocks in Q1 to keep Apple's holdings unchanged

Buffett's Berkshire Hathaway released its first-quarter holding report (13F) as of March 31 this year. It cleared its holdings of Citigroup (CN) (14.63 million shares) and financial company Nu Holdings, reduced its holdings of Bank of America (BAC.N) (48.66 million shares), and maintained Apple (AAPL.O) holdings (300 million shares) unchanged; in terms of increasing holdings, it bought 6.38 million shares of the wine company's Zodiac Brand (STZ), an increase of up to 113.5%, increased its holdings of Oxley Petroleum (OXY.N) and increased its holdings of 860,000 shares of Pool Corp.

It is worth mentioning that the number of new stocks Berkshire has established in the first quarter was 0.

Wall Street Journal: Meta will postpone the release of a flagship AI model called Behemoth

Meta is delaying the release of a flagship AI model, which has raised internal concerns about the direction of its multibillion-dollar AI investment.

The company's engineers have difficulty significantly improving their "Behemoth" large language model, which has led employees to question whether its improvements over previous versions are sufficient to support public releases.

In the early stages of development, the Behemoth model was planned to be released in April to cooperate with the first AI conference held by Meta for developers. Meta released two smaller models in its Llama AI model lineup ahead of the event, but later delayed the internal release target of the larger Behemoth model until June. Now, the release of the model has been postponed to fall or later.

CNBC: Walmart warns US commodity prices to take effect one after another due to tariffs hikes

On Thursday local time, Walmart Chief Financial Officer Renney said that the prices of goods in the United States will rise as goods from other countries still face 10% tariffs. Price adjustment will start as early as the end of May, and the increase in June may be more obvious.

In an interview with CNBC, Renney said that although the company will try to absorb some tariff costs and maintain relatively low prices, the price increase is "unprecedented in speed and amplitude." He expects the second quarter of the fiscal year starting early this month to increase more than usual.

As the largest retail and grocer in the United States, Walmart's statement provided the market with an early signal that tariffs were transmitted to the consumer side, and the related impact may affect many retail stores and supermarket chains across the country. (International Financial News)