Private equity has taken a stake in the popular New York City-based taco chain Los Tacos No. 1, drawing sharp criticism and online backlash from customers who associate private equity investments with diminished quality and smaller portions. Meanwhile, Argentina is positioning itself as a hub for data centers, driven by its cold climate in Patagonia and government-backed tax incentives. President Javier Milei has courted artificial intelligence executives, and OpenAI has committed to a potential $25 billion, 500-megawatt data center project in the region. In trade news, China’s semiconductor exports have surged in value by 130% compared to the previous year, despite a 7.9% drop in export volume, providing a boost to its trade figures amid robust global demand for conventional memory chips. Elsewhere, Canada has implemented retaliatory tariffs of 50% on motorcycles, including Harley-Davidsons, which impacts a company where 4% to 5% of sales come from Canada and production includes swing state Pennsylvania.
Source: npr.org
