Observer

2 days ago | observer.com | Alexandra Tremayne-Pengelly

Yann LeCun is Meta’s chief A.I. scientist. Fabrice Coffrini/AFP via Getty ImagesAs the Trump administration cuts federal research funding, European countries are stepping in to lure American scientists. France, for instance, launched a new initiative last week to welcome funding proposals from international researchers. The program, “Choose France for Science,” from the National Research Agency, quickly drew praise from Yann LeCun, Meta (META)’s chief A.I. scientist.

2 days ago | observer.com | Alexandra Tremayne-Pengelly

Wilbur Ross acted as Secretary of Commerce between 2017 and 2021. Riccardo Savi/Getty Images for Concordia SummitUncertainty surrounding the Trump administration’s tariff policy—which has shifted almost daily in recent weeks—has spooked markets, economists and consumers. But it hasn’t rattled Wilbur Ross, who served as Secretary of Commerce during Trump’s first term from 2017 to 2021.

5 days ago | observer.com | Alexandra Tremayne-Pengelly

Bill Ackman runs the hedge fund Pershing Square Capital Management. Photo by Jared Siskin/Patrick McMullan via Getty ImagePresident Trump’s auto tariffs may have sparked fears of price hikes among consumers, but some car-buying businesses could actually benefit, according to investor Bill Ackman. The Pershing Square Capital Management founder made a bullish case for Hertz yesterday (April 17), after revealing a nearly 20 percent stake in the car rental company.

6 days ago | observer.com | Alexandra Tremayne-Pengelly

Nvidia CEO Jensen Huang attempts to navigate a delicate era of U.S.-China relations. Photo by Justin Sullivan/Getty ImagesNvidia (NVDA) CEO Jensen Huang is walking a delicate line. Like other major tech companies, the chip giant is currying favor with the Trump administration by making massive investments in U.S. infrastructure. At the same time, Nvidia is trying to preserve its lucrative ties to international markets like China, as evidenced by Huang’s latest visit to Beijing.

6 days ago | observer.com | Alexandra Tremayne-Pengelly

Hermes this month briefly overtook its rival LVMH in market cap. Sameer Al-Doumy/AFP via Getty ImagesWith high profits and a reliable base of wealthy clients, LVMH (LVMHF) and Hermes—the world’s two largest luxury houses—are typically more insulated from economic turbulence than other retailers.