President-elect Donald Trump emerged from a meeting with SoftBank Group Corp. CEO Masayoshi Son on Tuesday with news he'd secured "a $50 billion investment in the United States and 50,000 jobs" from the Japanese billionaire, per a pool report. "I just came to celebrate his new job," Son said, referring to Trump's pending assumption of the presidency, before confirming he would make jobs by investing in American start-ups. "I said, 'This is great, the U.S. will become great again.'"
Trump called Son one of the "great men of industry" and was quick to celebrate the deal on Twitter:
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The strange phenomenon of beard transplantsIn The Spotlight Inquiries for the procedure have tripled since 2020, according to one clinician, as prospective patients reportedly seek a more 'masculine' look
-
Sudoku medium: March 26, 2025The Week's daily medium sudoku puzzle
-
Sudoku hard: March 26, 2025The Week's daily hard sudoku puzzle
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
