Business news

• Goldman Sachs CEO is looking at how the Wall Street bank can get involved in prediction markets - Goldman's interest comes as prediction markets gain visibility and debate swirls over market transparency and regulatory boundaries.
• AI startup Replit launches feature to vibe code mobile apps - Replit launched a feature that lets users create publishable mobile apps using just natural language prompts.
• Taiwan will invest $250 billion in U.S. chipmaking under new trade deal - The U.S. and Taiwan have reached a trade agreement to build chips and chip factories on American soil, the Department of Commerce announced on Thursday.
• Trump unveils health-care plan outline as Congress wrestles over Obamacare subsidies - Trump urged Congress, which is grappling over an extension of key ACA tax credits, to pass "The Great Healthcare Plan" without delay.
• Amazon threatens ‘drastic action’ after Saks bankruptcy, says $475M stake is now worthless - Amazon invested $475 million into Saks's acquisition of Neiman Marcus. It wants a federal judge to reject Saks's bankruptcy plan because it harms creditors.
• Oil falls more than 4% as traders see Trump backing away from Iran strike threats - Concerns about a U.S. strike on Iran had been mounting after Trump vowed to take action against the regime’s crackdown on widespread protests in the country.
• Spotify hikes U.S. Premium subscription price months after last rate increase - Co-founder Daniel Ek recently stepped down as CEO, with co-CEOs Gustav Söderström and Alex Norström now at the helm of the music streamer.
• Fed's Goolsbee says inflation could come 'roaring back' if central bank independence goes away - "Anything that's infringing or attacking the independence of the central bank is a mess," Goolsbee told CNBC.
• Goldman Sachs tops profit estimates as equities, asset and wealth management outperform - Trading desks across Wall Street have benefited in the last year as Trump's policies have roiled markets for bonds, currencies, commodities and stocks.
• Automakers like Ford and GM are jumping into a whole new business where Tesla is a serious player - Automakers Ford and GM are trying to figure out what to do with battery factories now that EV sales are falling way short of forecasts