Trump's 10% China Tariff Threat, $500B ‘Stargate’ AI Deal & Netflix's Blockbuster Quarter

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Donald Trump said his threat to hit China with 10% tariffs on all imports was still on the table and indicated it could come as soon as next month. (2) SoftBank, OpenAI, and Oracle are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology. (3) President Donald Trump says he’s likely to impose sanctions on Russia if President Vladimir Putin doesn’t come to the table to negotiate on Ukraine, during remarks at the White House. (4) Netflix closed 2024 with its biggest quarterly subscriber gain in history, buoyed by its first major live sporting events and the return of Squid Game. (5) The UK government has ousted the chair of the Competition and Markets Authority, Britain’s antitrust watchdog, as ministers seek to reinforce the message that they want regulators to do more to facilitate economic growth. See omnystudio.com/listener for privacy information.