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Trump announces $12 billion in aid for farmers amid trade war. The assistance—which President Trump says will be paid for with tariff revenue—includes up to $11 billion for one-time payments to farmers of crops included in the Agriculture Department’s new Farmer Bridge Assistance program, and the other $1 billion will be for commodities not included in that program. The help for farmers, a voting bloc that supported Trump in 2024, comes as many are squeezed by both low crop prices and the tariffs that Trump imposed—especially soybean farmers, as exports to China dropped to virtually zero.
Nvidia gets approval to sell H200 chips to China. The chipmaker secured permission from the Trump administration to sell the chip—its second most sophisticated AI processor—to “approved commercial customers” in China, as long as the US gets a 25% cut of the sales. The administration had previously barred such exports to China. Nvidia’s stock rose on the news. And China seems pleased as well, with President Trump posting to social media that Chinese President Xi Jinping “responded positively” to the idea.
One Battle After Another wins the fight for most Golden Globe nominations. The nominations for the big show before the Oscars were announced yesterday, and the Paul Thomas Anderson film dominated the field with nine nods. Joachim Trier’s Sentimental Value scored eight, and Ryan Coogler’s Sinners snagged seven. Notable snubs included Wicked: For Good in the best picture category (though its witches still got nominated for acting). On the TV side, Netflix and HBO got the most nods—that’s not unusual, but it feels significant since they may come together in a merger. Meanwhile, over in the new podcast category, political pods like Joe Rogan’s got shut out in favor of lighter fare, including Good Hang with Amy Poehler. The award show, hosted by Nikki Glaser, will be held on Jan. 11.—AR
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