The Prof G Pod with Scott Galloway Prof G Markets: Tariffs Blocked by Court, U.S. Steel’s Golden Shares & Neuralink’s Funding Round
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Jun 2, 2025 The podcast dives into a landmark trade court ruling that challenges Trump's tariff authority, exploring the implications for major companies like Apple and Amazon. They debate the controversial acquisition of U.S. Steel by Nippon Steel, questioning government intervention in business. The discussion shifts to Neuralink's hefty funding round, highlighting its potential to revolutionize communication for those with disabilities while raising concerns about its broader societal impact. It's a blend of market analysis and ethical inquiry!
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Court Limits Presidential Tariffs
- The US trade court ruled that Trump lacked authority for many tariffs under the International Emergency Economic Powers Act.
- This highlights that only Congress has constitutional power over foreign commerce, not the president acting unilaterally.
Bitcoin Treasury Pivot Signals Weakness
- Companies pivoting to become Bitcoin treasury firms often signal distress in their core business.
- Market enthusiasm for such Bitcoin strategies appears to be waning as it becomes predictable and unexciting.
Chip Ban Spurs Chinese Innovation
- Nvidia's ban on chip shipments to China harmed revenues but spurred China's own AI chip innovation.
- Restricting exports may strengthen Chinese competitors and weaken US global AI influence.