Nvidia, Eli Lilly Among CEOs to Tout US Investments With Trump

Bloomberg

2025/04/29

Chief executive officers from Nvidia Corp., Johnson & Johnson, Eli Lilly & Co., General Electric Co. and SoftBank Group Corp. are among corporate leaders slated to visit the White House on Wednesday ...

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That amounts to more than all of the capital spending by companies in the entire S&P 500 in the last calendar year.The event billed as “Invest in America” comes as major retailers and Wall Street leaders are warning of price increases and fallout from Trump’s trade war. The president maintains that implementing the highest US tariffs in more than a century will jump-start domestic manufacturing, but financial markets and businesses have been roiled by the chaotic rollout and uncertainty.Last week, Trump met with executives from Walmart Inc., Home Depot Inc. and Target Corp. to discuss trade and tariffs. The discussion came amid a flurry of meetings among the White House, companies and countries seeking to negotiate lower trade levies during a 90-day pause in Trump’s so-called reciprocal import duties.The Trump administration is considering whether to reduce tariffs targeting the auto industry that are opposed by carmakers, Bloomberg News reported last week.Even before Trump took office, business leaders — domestic and foreign — have sought to court him, including visiting him at his Mar-a-Lago resort in Florida and donating to his inauguration fund. Several of them have appeared with him to tout their US projects.In a January press conference from Mar-a-Lago, Trump unveiled a $20 billion investment to build new US data centers from Damac Group’s Hussain Sajwani.In his second day in office, Trump announced a joint venture between SoftBank, OpenAI and Oracle Corp. to fund artificial intelligence infrastructure. Softbank CEO Masayoshi Son is also expected to attend the Wednesday event.His officials have also applauded chipmaking giant Nvidia for its pledge to manufacture its AI supercomputers in the US. The company is seeing a $5.5 billion hit from the administration’s move to block it from selling its H20 chip in China.Eli Lilly previously pledged to invest $27 billion to build four new manufacturing plants, and Johnson & Johnson offered $55 billion in new investments.International Business Machines Corp. announced Monday that it planned to invest $150 billion in computing over the next five years.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}