Trump Revives Iran Deal Hopes, Meta AI Rattles 'Consumer Inertia Trade'
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US President Donald Trump said his officials had “very good” talks with Iranian envoys in New York, reviving hopes for a diplomatic off-ramp hours after he threatened to “annihilate” the country’s ruling regime. Shares of major banks, insurers and online travel agencies slid on Tuesday on investor fear that tools like Meta's personal AI agent could disrupt businesses that benefit from so-called consumer inertia, the tendency to keep buying something out of habit even when a better alternative exists. The upper house of Switzerland’s parliament voted for a compromise plan on UBS's capital requirements that largely replicates the government’s demands, in a setback for the bank. Today's guests: Holger Schmieding, Berenberg Chief Economist; Anna Matveeva, King's College London Visiting Senior Research Fellow; Peter Voser, ABB Chairman -- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and
Tags: AAA, AI, AT1, Abeer Abu Omar, Alan Wong, Alibaba, Anna Edwards, Anna Matveeva, Anthropic, CET1, China, Credit Suisse, Dan Hanson, ECB, European bonds, Francine Lacqua, Gas, Gas Prices, Holger Schmieding, Iran
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