Trump admin said to discuss taking stake in Intel

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Bay Area Times
August 15, 2025

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Top stories today:

  1. Trump admin said to discuss taking stake in Intel
  2. PPI +0.9% MoM in Jul., biggest gain since Jun. 2022
  3. Putin courts Trump with Ukraine peace praise ahead of Alaska meeting
  4. Cohere raises $500M at $6.8B valuation
  5. Google unveils Gemma 3 270M compact “open” AI model

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Trump admin said to discuss taking stake in Intel

Representational image generated using ChatGPT.

  • Intel’s Ohio factory hub could get a boost from the deal.

  • The factory, once touted as the world’s largest chipmaking facility, has faced repeated delays.

  • The size of the potential stake isn’t clear.

  • +8.9% in Intel stock Thu. on stake news, closing +7.4% at $23.86.

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3. PPI +0.9% MoM in Jul., biggest gain since Jun. 2022, signals tariff-driven cost pass-through

  • +3.3% YoY in PPI.

  • +1.1% MoM in services costs, the most since Mar. 2022.

  • Core PPI: 0.9% MoM / 3.7% YoY in Jul., exp. 0.2% / 2.9%, from 0.0% / 2.6% in Jun.

The odds of no rate cut in the Sep. FOMC meeting jumped from 12% to 21% on Polymarket

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5. Putin courts Trump with Ukraine peace praise ahead of 3 PM ET Alaska meeting

Representational image generated using ChatGPT.

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