The main headlines that caught the attention of global financial media last night and this morning are:

Trump announces a $15 billion steel plant plan

Trump announced on Monday that a steel manufacturing company plans to invest about $15 billion to build one of the largest plants of its kind in U.S. history.

The announcement event held with Mesabi Metals Corporation in the oval office was just a few weeks away from the mid-term elections in November. These elections are likely to be influenced by Americans' growing dissatisfaction with Trump's approach to economic management. The steel plant is planned to be built in Iowa, with the goal of starting production by 2030.

Mesabi Metals, headquartered in Nashwawk, Minnesota, stated that the project will provide “100% American steel: mined, smelted, and cast in Minnesota and Iowa.”

SpaceX The starship test flight was successful, entering Earth's orbit; 26 Starlink satellites have been deployed.

SpaceX stated during the company's live broadcast that despite a malfunction in one engine during the ascent, the SpaceX starship still entered Earth's orbit for the first time on Monday and successfully deployed all 26 Starlink V3 satellites aboard.

At 9:54 a.m. Eastern Time, SpaceX posted on the social media platform X: "Payload deployment is complete. All 26 @Starlink V3 satellites have successfully entered orbit." This message was sent about half an hour after the Starship released these satellites.

During the ascent phase of Starship No. 41, one of the six Raptor engines failed, but it still completed the combustion for that phase. Subsequently, the ship glided along what is referred to as a passive safe suborbital trajectory by SpaceX. Engineers simultaneously began testing various systems of the spacecraft.

FAA Boeing 737 Max 10 certification postponed due to software issues; Boeing stock tumbles

The Administrator of the Federal Aviation Administration (FAA) stated that a software issue will delay the agency's certification of the Boeing 737 Max 10, as the FAA is assessing whether it constitutes a safety concern.

Boeing closed down nearly 7%.

Boeing CEO Kelly Otterberg told investors earlier this month that Boeing had expected to receive the green light from regulators for these aircraft, which have been delayed for many years, "soon."

AMD acquires Li Feifei's World Labs AI company for $8.2 billion

AMD announced on Monday that it has reached an agreement to acquire World Labs, a laboratory based in San Francisco that develops a AI called World Model, which can be used to simulate 3D environments.

For AMD, this is the second-largest acquisition in the history of this chip manufacturer, second only to the acquisition of Xilinx in 2022 for approximately $50 billion.

Li Feifei will become the Chief Scientist and Executive Vice President of AMD.

On Monday, Anthropic released a new artificial intelligence model named Sonnet 5.5, which is the second release since the company's CEO Amodei called for a slowdown in the development pace.

Sonnet 5.5 is a faster and more cost-effective product launched by Anthropic. The company claims that it outperforms its predecessor in terms of programming, completing tasks with clear scopes, and creating high-quality documents, slides, and spreadsheets. This release comes less than a week after Anthropic launched the more expensive model Opus 5.5. On Monday, the company also announced that the cheapest model in this series, Haiku 5.5, is about to be launched.

Michael Berry is advancing the timeline of his pessimistic arguments regarding the fate of the prosperity of artificial intelligence.

This investor, who became famous for heavily short-selling the U.S. real estate market before the global financial crisis of 2007-2009, stated that he is converting his short positions in key AI stocks into put options, thereby obtaining more cost-effective leverage over a shorter time frame.

"Fundamentally speaking, I am moving the timeline forward," Berry wrote in his investment newsletter on Monday. "Therefore, I would like to have more leverage on my short positions. A better timeline makes leverage more acceptable. When it comes to leverage, there's nothing more suitable than options, in this case put options, which are relatively cheap due to exceptionally high volatility indicators such as VIX."