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Japanese Prime Minister Shigeru Ishiba conveyed that US Treasury Secretary Scott Bessent expressed confidence in reaching a favorable trade agreement between the two countries. Ishiba encouraged continued vigorous discussions between negotiators to achieve a mutually beneficial outcome. While specific trade details weren't discussed due to the visit's broader purpose, both sides acknowledged areas for economic and security cooperation.
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Meta Platforms has declined to sign the European Union's code of practice for the AI Act, citing concerns about overreach and legal uncertainties for model developers. The voluntary framework aims to help companies comply with the AI Act, including copyright protections and transparency requirements.
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Despite President Trump's repeated calls for lower interest rates and his near attempt to remove Fed Chair Jerome Powell, the Federal Reserve is expected to hold steady at its upcoming meeting. Recent data indicates persistent inflation, complicating the case for a rate cut. The Fed's benchmark rate is anticipated to remain in the 4.25%-4.
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