Trump’s $550B Japan Deal | Musk’s $12B AI Bet & Tesla’s Sales Slump

Benzinga
•July 23rd, 2025
DESCRIPTION
In today’s explosive market roundup, former President Donald Trump unveils a $550 billion trade deal with Japan, claiming the U.S. will receive 90% of the profits. This monumental agreement could create hundreds of thousands of jobs while opening Japanese markets to U.S. goods.
Meanwhile, Elon Musk’s AI startup XAI is seeking $12 billion in debt financing to fuel a massive GPU-powered infrastructure, with 550,000 NVIDIA chips slated for deployment in a record-breaking supercluster.
Also in the headlines:
Northrop Grumman capitalizes on global defense spending, especially in Europe and the Middle East.
Kevin O’Leary backs Trump’s proposal to eliminate capital gains tax on home sales.
Tesla’s California sales drop 21% year-over-year, but analysts stay bullish ahead of earnings.
Lululemon’s U.S. growth weakens as fabric innovation outpaces seasonal basics, leading to a major analyst downgrade.
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