US Government
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Intel Shares Surge 10% Following CEO Meeting with Trump
Intel’s stock has soared, more than doubling in value since the U.S. government acquired a significant stake in August. This surge follows a positive meeting between Intel’s CEO and President Trump, who praised the company’s domestic chip production. The government’s $8.9 billion investment is now worth around $19 billion, reflecting Intel’s resurgent stock performance and its strategic advancements in chip technology under CEO Lip-Bu Tan’s leadership.
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Harvard President Takes 25% Pay Cut Amid Financial Strain; Annabel Yao: Glad to Have Graduated
Harvard University faces a financial crisis triggered by US government pressure, prompting drastic measures. These include the president’s salary reduction, budget cuts, layoffs, and reduced admissions, with other universities expressing concern. International students, comprising 27% of the student body, face potential visa issues and deportation risks. The US government has banned Harvard from recruiting international students, leading to a lawsuit. This situation threatens Harvard’s academic standing, impacting the nation and causing anxiety among students.