American billionaire, founder/CEO of Dell Technologies
Trump Accounts open for eligible children with a $1,000 seed and tax advantages. Early data shows 1.4 million sign-ups, with policymakers and researchers noting potential for long-term wealth-building and educational outcomes. Adoption remains uneven, influenced by eligibility, education, and outreach.
Trump Accounts are launching with a $1,000 federal seed for babies born 2025–2028, with philanthropic and employer contributions expanding the program. Morningstar warns outcomes depend on ongoing contributions and owner behavior; leakage could erode gains. Companies pledge to match and push auto-enrollment to broaden reach.
SpaceX COO Gwynne Shotwell has donated a portion of SpaceX stock to the Trump Accounts for more than 2 million U.S. children, with emphasis on those in lower-income areas near central Texas. The move follows earlier pledges from Michael and Susan Dell and other tech giants, as the program seeds $1,000 per child and enables future retirement-style accounts. Officials say donations accelerate the accounts’ rollout.
Dell shares have surged after President Trump highlighted a $6.25 billion contribution from Michael and Susan Dell to the Trump Accounts program, a tax-advantaged education and wealth-building vehicle for children. The White House event featured executives from tech and finance, with bipartisan attention on the program’s potential to broaden access to capital and ownership.
Base Power has secured a $1 billion Series D, valuing the company at $13 billion, and is expanding with home batteries in Texas and Illinois, integrating storage to stabilize grid demand amid surging electricity use driven by electrification and AI data centers.
The presidency has repeatedly highlighted grass and landscaping in public remarks over the past 18 months, with officials tying green spaces to broader policy themes. Recent events show the administration availing private help to revitalize Washington’s lawns, while ethics concerns are raised about favoritism.
Xi Jinping's state visit to Washington centers on high-stakes diplomacy, with AI industry chiefs on the guest list. US officials aim to balance technology leadership with security concerns as Xi meets Trump and other leaders. The dinner highlights the race to set AI policy amid global tensions.
Chinese leader Xi Jinping has arrived for a state visit to Washington this week for a summit with President Donald Trump focused on extending a trade truce, managing artificial intelligence safety talks and pressing humanitarian cases for detained Americans. Economists and officials are watching Chinese purchases of U.S. farm goods, rare earths controls and potential concessions on Taiwan and detainees.