U.S. Treasury Secretary Bessent said Federal Reserve Chair Kevin Warsh delivered hawkish remarks on inf.

People familiar with the matter say Qualcomm (QCOM.O) is negotiating with ByteDance to provide custom chip design services; if successful, ByteDance would be an early customer for Qualcomm’s design business. Sources caution talks are ongoing and outcomes are uncertain; no chip design or manufacturing agreement has been confirmed and ByteDance may pursue other partners. Discussions reportedly cover a video processing unit (VPU) design, with a target to begin mass production by year‑end.

SpaceX on Tuesday sold $25 billion of investment-grade bonds to replace high-cost debt tied to Musk's 2022 acquisition of X (then Twitter) and to loans and bonds issued last year for AI lab XAI. The affected entities held roughly $17.5 billion of debt that would have generated about $1.8 billion of interest this year; the consolidated $25 billion issuance reduces SpaceX's annual interest burden to about $1.5 billion.