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:
Outside of Japan, Son is known for his purchase of American phone carrier Sprint in 2013. Son recently attempted to craft a merger between Sprint and T-Mobile, but The New York Times reported those efforst have "so far resulted mostly in red ink."
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.
Son reportedly said he had "no specific agenda" for his meeting with Trump on Tuesday.
-
Jasveen Sangha and the ketamine 'Wild West' of HollywoodIn The Spotlight Arrest of the 'ketamine queen' accused of supplying Friends star Matthew Perry with deadly dose has turned spotlight on a showbiz drug problem
-
Confessions of a Brain Surgeon: an 'exceptional' documentaryThe Week Recommends Retired neurosurgeon Henry Marsh reflects on his pioneering work with exquisitely 'raw honesty'
-
A new subtype of diabetes was found and it may require different treatmentUnder the radar It is prevalent in Black Africans and Americans
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
