Bloomberg Daybreak: Europe Edition Big Tech’s Big Pledges, Trump’s UK State Visit, Fed Rate Decision Day
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Sep 17, 2025 Big tech is making waves in the UK with Microsoft and OpenAI investing billions during Trump’s visit. GSK announced a $30 billion commitment to the US, aligning with these ambitious plans. The euro reaches a four-year high as the market prepares for a Fed interest rate cut that could reshape economic landscapes. Exciting discussions around TikTok's potential acquisition brew, and Jaguar Land Rover faces hiccups due to a cyberattack, affecting European suppliers. The economic implications of these moves are sure to stir global conversations.
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Big Tech’s UK AI Spending Surge
- Major tech firms pledged tens of billions to build AI infrastructure in the UK during Trump's state visit.
- Microsoft, NVIDIA and Google framed it as transformative investment for Britain’s AI future.
GSK’s Big US Investment Move
- GSK pledged $30 billion of investment in the US over five years amid Trump's visit and drug-pricing pressure.
- The move underscores transatlantic corporate shifts tied to political leverage on drug prices.
Euro Strength From Fed Cut Odds
- The euro hit a four-year high as markets priced a likely Fed rate cut.
- Traders pushed up bets on a looser U.S. policy while ECB divergence grew more apparent.