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GM☀️Degens™️ | Investing, Tech, & Crypto News
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Week of 04/17/2025 | Episode 8/12 -
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📌 Topics Covered in This Video:
🔹 Elon Musk Expresses Distrust in OpenAI and Sam Altman
Elon Musk stated he doesn't trust OpenAI and CEO Sam Altman, expressing concerns over the control of powerful AI technologies.
Musk emphasized the need for trustworthy leadership in AI development.
🔗 The Verge | TechCrunch
🔹 BYD Surpasses Tesla in Global EV Sales
BYD's CEO Wang Chuanfu added $9.3 billion to his wealth as the company surpassed Tesla in global EV sales.
BYD's dominance in China’s new energy vehicle market raises questions about Tesla's future competitiveness, especially if BYD enters the U.S. market.
🔗 Forbes | Bloomberg
🔹 Japan's Mukoyoshi Tradition Keeps Family Businesses Alive
Japan's centuries-old mukoyoshi tradition allows families to adopt adult men to take over family businesses.
Companies like Suzuki, Toyota, and Kikkoman have utilized this practice to ensure business continuity.
🔗 BBC | Nikkei Asia
🔹 FBI Warns Against Texting Between iPhone and Android
The FBI advises Americans to avoid texting between iPhone and Android devices, citing security and encryption issues.
The agency recommends using third-party apps like WhatsApp for secure communication across different platforms.
🔗 [The Verge](https://www.theverge.com/2025/04/10/fbi-warns-against-texting-between-iphone-and
🔹 China Files WTO Complaint Against U.S. Tariffs
• China officially lodged a complaint with the World Trade Organization, arguing recent U.S. tariffs violate trade agreements
• Also calls for the “complete cancellation” of Trump’s sweeping import taxes
• The Chinese yuan dropped to an 18-year low following the dispute, as tensions escalate
🔸 Related Segments:
— Trump’s 145% tariff retaliation
— Kevin O’Leary demands 400% tariffs on China
— China says “we’ve lasted 5,000 years — we don’t need the U.S.”
🔗 WSJ | SCMP
🔹 Insider Trading Allegations Surface Around Trump’s Tariff Pause
• President Trump told Americans it was a “good time to buy” — just days before announcing a 90-day tariff pause that caused a record market surge
• Investigators are now exploring whether select hedge funds or political allies acted on non-public info
• Other angles include ETF trades, defense stock spikes, and unusual donor portfolio shifts
🔸 Related Segments:
— $3.5T added to U.S. markets post-pause
— Trump proposes subsidizing Americans via tariffs
— Eric Trump’s crypto comments as Ethereum tanked
🔗 Reuters | Bloomberg
🔹 Trump’s 90-Day Tariff Pause and Global Trade Negotiations
• President Trump introduced a 90-day pause on tariffs at a universal 10% rate, initiating negotiations with over 75 countries.
• China responded by raising its tariffs on American goods to 125%, prompting the U.S. to increase levies on Chinese imports to 145%.
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