The chips act is an attempt to put together a package of abot two billion dollars, and this is of federal money that would be given in the form of subsidies and grants. Een: How do you square what feels like an industrial policy that we see in other nations with kind of a freemarket economy? i think plains sort of why it's been such a tortuous process. You have politicians on the right and on the left that cannot disagree with this kind of thing for, you know, fundamental reasons.
Bloomberg News Economics Reporter Rich Miller explains why the Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control. Bloomberg Businessweek Editor Joel Weber and Bloomberg News U.S. Semiconductor & Networking Reporter Ian King share the details of Ian's Businessweek Magazine story US Risks Falling Even Further Behind With Tortured Chips Act. Bloomberg Intelligence Senior Software & IT Services Analyst Anurag Rana reports on Apple announcing a rare retail promotion in China on Monday, offering four days of discounts on its top-tier iPhones and related accessories. And we Drive to the Close with Christopher Zook, CIO of CAZ Investments.
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