Trump Slashes India Tariffs in Major Oil Deal

Global trade shifts as U.S. markets pause for holiday, while SpaceX merges with xAI.

TL;DR:

• 🛢️ Trump cuts India tariffs for oil
• 🚀 Musk merges SpaceX and xAI
• 📅 US markets closed for holiday
• 📡 Vietnam licenses Starlink internet

Trump Cuts India Tariffs for Oil

President Trump has slashed tariffs on Indian goods in exchange for a strategic oil deal, signaling a pivot in U.S. trade policy. This move aims to lower energy costs domestically while strengthening geopolitical ties in Asia. Traders should watch energy sector volatility as supply chains adjust to these new terms. Source

Musk Merges SpaceX and xAI

Elon Musk is consolidating his empire by merging SpaceX with his AI venture, xAI, creating a behemoth valued at $1.25 trillion. This integration suggests a massive push toward AI-driven aerospace innovation, potentially reshaping the tech landscape. Investors are eyeing how this valuation impacts private market sentiment and future IPO prospects. Source

US Markets Closed for Holiday

U.S. equity and bond markets remained closed today in observance of Presidents' Day, resulting in lower global liquidity. While domestic exchanges were quiet, international markets continued to react to geopolitical developments. Expect volume to return aggressively tomorrow as traders price in the long weekend's news. Source

Vietnam Licenses Starlink Internet

Vietnam has officially granted a license to Starlink, opening a significant new market for satellite internet services in Southeast Asia. This regulatory approval marks a key expansion step for the company, likely boosting subscriber growth metrics. Tech investors view this as further validation of the satellite internet business model globally. Source