Trump Convenes Tech Executives to Sign Power Cost Pledge
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.POWER-COST PLEDGE:President Donald Trump is convening technology executives from companies including Amazon, Meta, Microsoft, Alphabet, Oracle, OpenAI, and xAI, to sign pledges committing their companies to foot the electricity bill for energy-hungry data centers, Bloomberg's Jennifer A Dlouhy and Hadriana Lowenkron. The promises would not be binding and would lack the force of law, but administration officials believe they could bring accountability and offer assurance to consumers, according to the report, which adds that the initiative is part of Trump's push to address mounting electricity prices before the November midterm elections, with data centers encountering a growing public backlash over their use of water, land, and backup power.WARNER BID:NetflixCEO Ted Sarandos will attend meetings at the White House Thursday to discuss the company's proposal to acquire Warner Bros. Discovery, two people familiar with the matter told's Yasmin Khorram. The agenda includes Netflix's bid as well as President Donald Trump's demand that Netflix fire former Biden administration adviser and current board member Susan Rice, though it wasn't immediately clear whether Sarandos would meet with Trump, the report said.ROBOT MANUFACTURERS:The Department of Commerce is hosting American robot manufacturers for a roundtable on March 10 as it looks to bolster the domestic industry and fight off Chinese competition, J.D. Capelouto ofreports, citing an invitation from Commerce's National Telecommunications and Information Administration. Makers of both manufacturing robots and humanoids were invited, according to the website. Shares of Serve Roboticsand Richtech Roboticsmoved higher following the report.H200 CHIPS:A top U.S. export control official says Nvidiahas yet to sell any H200 chips to China, two months after President Trump's decision to allow AI chip shipments, Bloomberg's Maggie Eastland. David Peters, assistant secretary for export enforcement at the Commerce Department, told the House Foreign Affairs Committee on Tuesday that the US was boosting efforts to crack down on smuggling of advanced semiconductors used in AI.
