Trump, TikTok and Gavin Newsom
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Construction is yet to begin on the facility, but it's aiming to hit a capacity of 1.5 gigawatts by the end of 2028.
President Donald Trump and the governors of several US Northeastern states agreed to push for an emergency wholesale electricity auction that would compel technology companies to effectively fund new power plants.
According to a White House disclosure last week, U.S. President Donald Trump purchased at least $50 million in corporate and municipal bonds through December. This includes debt from the AI infrastructure company CoreWeave (CRWV).
TikTok avoids a US ban after ByteDance finalizes a majority-owned joint venture securing US data and operations.