Business from Friday, August 22nd, 2025

President Donald Trump said on Friday the US would take a 10 per cent stake in Intel under a deal with the struggling chipmaker and is planning more such moves, the latest extraordinary intervention by the White House in corporate America.

Elon Musk tried to enlist rival Mark Zuckerberg for the $97.4 billion bid that his consortium made for OpenAI earlier this year, but the CEO of Meta Platforms did not come on board, OpenAI said in a court filing on Thursday.