Prof G Markets Tariffs Blocked by Court, U.S. Steel’s Golden Shares & Neuralink’s Funding Round
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Jun 2, 2025 A recent court ruling has thrown a wrench in Trump's tariff authority, igniting a lively discussion on its impact on major companies like Apple and Nvidia. The acquisition of U.S. Steel by Nippon Steel raises eyebrows over government intervention in business. Lastly, Neuralink’s latest funding round showcases the exciting potential of brain-computer interfaces, while also cautioning listeners about the timeline for widespread adoption. It's a mix of legal drama, corporate maneuvering, and futuristic tech talk!
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Court Limits Trump's Tariffs Power
- The court ruled Trump lacked authority to impose many tariffs under emergency powers without an actual emergency.
- Markets reacted positively but don't expect tariff removal soon due to appeals and long legal processes.
Bitcoin Treasury Hype Fading
- Trump Media’s plan to raise $2.5 billion to buy Bitcoin signals a pivot towards Bitcoin treasury companies.
- The stock falling 10% indicates the market hype around Bitcoin treasury strategies may be waning.
NVIDIA Thrives Despite China Ban
- NVIDIA achieved impressive revenue growth despite losing access to the Chinese market due to export bans.
- CEO Jensen Huang critiques US policies for inadvertently boosting China’s chip innovation and global competition.