Global Headlines: Trump says he hopes Musk will be fine, Musk "heart" responds.

The U.S. President Donald Trump said on Monday that he has no plans to remove "Starlink" service at the White House, but he might take away his Tesla car. He announced over the weekend that his relationship with Tesla CEO Elon Musk had ended.

"I might move the Tesla a little bit, but I don't think we'll do that with Starlink. It's a great service," Trump told reporters.

In March this year, Trump said he bought a red Tesla Model S from Musk. At that time, they were close allies. After their public falling out, a White House official said last week that Trump might dispose of the car. The Tesla car was still parked at the White House over the weekend.

Trump said on Saturday that he had no intention of repairing his relationship with Musk. But he said on Monday that he would have no problem if Musk called. "We used to get along well, and I just hope everything goes well for him," Trump said. Musk replied with a heart-shaped emoji to a post on X platform featuring a video of Trump's remarks.

Musk and Trump got into a dispute last Thursday after Musk criticized Trump's tax and spending bill as "nauseating". Their spat escalated quickly. Currently, Musk has deleted some of his social media posts criticizing Trump, including one supporting Trump's impeachment.

Reuters reported that sources close to Musk indicated that his anger is starting to subside, and they believe Musk may want to repair his relationship with Trump.

Bloomberg: Senate Plans to Release Major Revisions to Trump Tax Reform Bill

In response to President Trump's $3 trillion economic plan, Senate Republicans plan to propose revised tax and healthcare provisions this week, ignoring Elon Musk's criticism of the bill, and are eager to pass the bill before July 4th.

The Senate Finance Committee plans to save costs on Medicaid and perhaps Medicare, which could differ from the massive bill version that barely passed in the House of Representatives in May. The release of the committee's draft may trigger another round of debate between fiscal conservatives and moderates.

Companies in the energy, healthcare, manufacturing, and financial services industries will closely follow related developments. A White House official said that key congressional members and Trump administration officials responsible for promoting the tax reform bill will meet on Thursday to discuss the bill.

Financial Times: Global Executives Gather in Washington to Prevent Trump from Imposing Foreign Investment Taxes

This week, dozens of executives from multinational companies flocked to Washington to lobby Congress in an attempt to prevent a clause in Trump's budget proposal that could reshape the international capital flow pattern, warning that this measure would impact millions of American jobs.

On June 9th, Jonathan Samford, chairman of the Global Business Alliance, revealed that about 70 company representatives would meet with lawmakers this week, and Section 899 will become the "core issue." This tax threat has made nearly 200 foreign-invested enterprises in the United States uneasy, including giants such as Shell, Toyota, SAP, and LVMH.

It is understood that these foreign enterprises provide 8.4 million jobs in the United States, and the implementation of Section 899 may directly threaten this massive employment base.

This unprecedented lobbying offensive targets Section 899 of Trump's "Big Beautiful" tax bill - a provision viewed by outsiders as a "capital expulsion order." If approved by Congress, this section would allow the U.S. to impose additional taxes on companies and investors from "punitive tax policy" countries.

The Information: OpenAI Achieves $10 Billion Annual Recurring Revenue Growth through ChatGPT

OpenAI achieved over $10 billion in annual recurring revenue in less than three years since launching the popular chatbot ChatGPT. According to an OpenAI spokesperson, this figure includes sales from the company's consumer products, ChatGPT business products, and its application programming interface (API), but does not include licensing income from Microsoft or large one-time transaction income.

Insiders revealed that OpenAI's goal is to achieve $125 billion in revenue by 2029. This new revenue data provides context for OpenAI's massive valuation. In March this year, OpenAI completed a $40 billion funding round, setting a record for the largest private technology company financing in history. Based on current revenue, OpenAI's valuation is approximately 30 times its revenue, highlighting investors' expectations for its rapid growth.

Original source: https://www.toutiao.com/article/7514123066859962890/

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