From Bloomberg Markets and Finance.
Chinese authorities summoned Nvidia Corp. to discuss alleged security risks related to its H20 chips, casting doubt over the domestic business of the world’s most valuable company weeks after co-founder Jensen Huang met senior officials in Beijing.
The Cyberspace Administration of China called company representatives into a meeting to discuss what it deemed serious security vulnerabilities with the artificial intelligence chip. In a statement, the internet watchdog cited comments by US lawmakers about the need to install tracking capabilities into advanced chips sold to other countries. The agency asked staff to explain potential risks and provide documents as needed, the CAC said without elaborating.
Elsewhere, The global copper market is reeling from its biggest shock yet in a year of policy surprises, violent price swings and unprecedented trade dislocation.
President Donald Trump went ahead with 50% tariffs on copper imports, but exempted refined metals that are the mainstay of international trading. The move triggered a record plunge for US prices, after an unprecedented period of fat profits for traders who hurried metal to America before the levies kicked in. A large premium for New York futures over London evaporated.
Today’s guests: Nadia Grant, BNP Paribas Asset Management Global Equities Head, Thomas Wagner, BCFC Co-Owner, Conrad Keijzer, Clariant CEO, Jonathan Stanton, The Weir Group CEO.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:02:01 – Meta 3Q Revenue Forecast Beats Estimates
00:05:06 – US Copper Premium Evaporates
00:06:19 – China Summons Nvidia on H20 Chip Security Risk
00:07:12 – Nadia Grant, BNP Paribas Asset Management Global Equities Head
00:08:19 – Powell Downplays Chance of September Fed Cut
00:17:29 – Knighthead Planning Birmingham City FC Sports Quarter
00:20:54 – Thomas Wagner, Birmingham City FC Co-Owner
00:28:45 – Conrad Keijzer, Clariant CEO
00:42:11 – Jonathan Stanton, The Weir Group CEO
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