Happy Wednesday! Who’s ready for [airhorn noise] 🚨 1,700 words about Canadian truckers?! 🚨
Quick Hits: Today’s Top Stories
U.S.-based computer graphics manufacturer Nvidia and Japan’s SoftBank Group announced Monday they are calling off a $40 billion deal that would have resulted in Nvidia acquiring Arm, a British chip-design firm owned by SoftBank. The Federal Trade Commission sued to block the transaction on antitrust grounds in December, and the companies cited “significant regulatory challenges” as the reason for the deal’s collapse.
The U.S. trade deficit reached a record $859.1 billion last year, the Census Bureau reported Tuesday, with imports of goods and services increasing $576.5 billion in 2021 from 2020 levels while exports of goods and services increased $394.1 billion.
The House voted 272-162 Tuesday to pass another stopgap government funding package that would give congressional negotiators three extra weeks to hammer out a larger budget for fiscal year 2022. If the Senate passes the legislation as expected, the deadline to avert a federal government shutdown would move from February 18 to March 11.