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Latest: Fintech News

Elon Musk Said to Back Trump’s Plan to Kill Biden’s EV Tax Credit
Elon Musk Said to Back Trump’s Plan to Kill Biden’s EV Tax Credit

Musk said previously that killing the subsidy may slightly hurt Tesla sales, but would devastate its US EV rivals. However a major auto trade group wants the credits retained

Conflicts of Interest Shroud Musk’s New ‘Cost Cutter’ Role – AP
Conflicts of Interest Shroud Musk’s New ‘Cost Cutter’ Role – AP

Every business headed by Musk, including Tesla, SpaceX, Neuralink, social media platform X and artificial intelligence startup xAI has intersections with the federal US government

Climate Startup Raises $32m to Bury Carbon Waste in Wells
Climate Startup Raises $32m to Bury Carbon Waste in Wells

Vaulted Deep has raised $32 million of venture capital funds to expand its operations that use oil industry technology to flush carbon-containing waste down wells

Taiwan Hopes US’ Need For Chips Will Save it From Trump Tariffs
Crypto Sector Eager for Policy Overhaul After Trump’s Big Win
Donald Trump Likely to Try to Block US TikTok Ban – WaPo
Chipmakers Flee China, Shift to Vietnam Amid US-China Heat
China’s CATL Eyeing ‘Zero Carbon’ Power Grids, EV Platforms
We’d Build a Plant in US if Trump Permits: China Battery Boss
Bitcoin Surges Close to $90,000 on Trump Boost – Reuters

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors