Episode Details

Story of the Week (DR):

Trump is bringing Tim Cook, Elon Musk, and a dozen other CEOs to Beijing for his Xi summit

Technology & AI

Elon Musk – CEO, Tesla and SpaceX

Tim Cook – CEO, Apple

Jensen Huang – CEO, Nvidia (joined as a last-minute addition after a personal call from the President)

Cristiano Amon – CEO, Qualcomm

Sanjay Mehrotra – CEO, Micron Technology

Dina Powell McCormick – President, Meta

Jim Anderson – CEO, Coherent

Finance & Investment

Larry Fink – CEO, BlackRock

Stephen Schwarzman – CEO, Blackstone

David Solomon – CEO, Goldman Sachs

Jane Fraser – CEO, Citigroup

Aerospace & Manufacturing

Kelly Ortberg – CEO, Boeing (reportedly finalizing a massive 500-jet deal during the trip)

Larry Culp – CEO, GE Aerospace

Payments & Services

Michael Miebach – CEO, Mastercard

Ryan McInerney – CEO, Visa

Agriculture & Biotech

Brian Sikes – CEO, Cargill

Jacob Thaysen – CEO, Illumina

Paypal agrees to $30 million settlement with Trump's Justice Department over 'illegal DEI'

The company launched a $530M Economic Opportunity Fund in 2020 for Black and underrepresented minority businesses

Did not fight this in court, just surrendered

To make the DOJ happy, PayPal had to ditch its race-based criteria; instead, it now funnels that financial support to veteran-owned businesses and companies in farming, manufacturing, or technology. A direct “black” to “white” transfer

Any company that launched a race-specific grant or loan program after 2020 is now officially in the DOJ’s crosshairs, and "social justice" is being litigated as "civil rights fraud."

PayPal board: