Morning Brew Daily Meta Offers $100M to Poach OpenAI Talent? & Nippon Closes $14B US Steel Deal
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Jun 19, 2025 The Federal Reserve keeps interest rates steady, sparking discussions about economic uncertainty. Nippon’s acquisition of US Steel empowers the U.S. with a rare 'golden share.' Meanwhile, Meta is on a talent hunt, offering $100 million to lure employees from OpenAI. The resurgence of meme stocks raises eyebrows, and sports fandom costs continue to climb. Amidst evolving office markets, there's a push to repurpose vacant spaces into residences, signaling hope for landlords. Unlock insights into today's dynamic economic landscape!
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Fed's Cautious Interest Rate Approach
- The Fed is holding rates steady due to uncertainty about tariffs impacting inflation later.
- Jerome Powell sees the economy as healthy, favoring a wait-and-see approach despite pressure to cut rates.
Golden Share Control in Steel Deal
- The U.S. government took a 'golden share' in Nippon's acquisition of U.S. Steel, granting control rights.
- This unprecedented move could set a precedent affecting future foreign investments in the U.S.
Meta's Big AI Talent Push
- Meta offered OpenAI employees up to $100 million to join them, but top talent is reportedly declining.
- OpenAI CEO Sam Altman criticized Meta's lack of innovation and copying strategy.