Trump's Beijing visit: state banquet, CEOs and an inconclusive deal
Donald Trump's two-day Beijing trip featured state banquets, selfies with tech CEOs including Musk and Huang, and carefully choreographed ceremonies. The visit ended without a formal trade deal announcement.
Donald Trump's two-day visit to Beijing featured a state banquet hosted by Chinese President Xi Jinping, a tour of the Communist Party's seat of power and selfies with US executives including Elon Musk and Nvidia CEO Jensen Huang. CNBC reports the trip drew attention for its spectacle as much as its substance.
Talks with Xi focused on Taiwan, trade and energy, but neither side announced a concrete trade package. Trump described the trip as "very successful", though markets viewed the outcome as thin, and Wall Street closed sharply lower on Friday.
Huang's noodle run with a Beijing street vendor and Musk's meetings with Chinese officials reflected the diplomatic push by US tech giants to preserve access to the Chinese market. Trump said he had invited Xi to Washington in September.
More from North America
Bill Ackman reveals new Microsoft stake, funded by Alphabet sale
Pershing Square Capital founder Bill Ackman said he opened a Microsoft position during the first-quarter sell-off. He funded the trade by exiting his Alphabet stake.
Berkshire Hathaway returns to airlines with $2.6 billion Delta stake
Berkshire Hathaway disclosed a $2.6 billion position in Delta Air Lines at the end of March, marking its return to airline stocks. The move is read as a strategic call by Buffett successor Greg Abel and lifted broader sector sentiment.
GameStop makes $55.5bn takeover offer for eBay
GameStop CEO Ryan Cohen announced a $55.5 billion takeover offer for eBay, seeing potential to make it a much bigger rival to Amazon.