President Donald Trump suggested Thursday that former Apple CEO Tim Cook should replace Jensen Huang as the head of Nvidia following Huang’s abrupt resignation amid scrutiny of his personal conduct and potential national security concerns.

“NOW THAT Nvidia CEO JENSEN HUANG, who has done a fantastic job, has resigned, there is only one man to take his place – TIM COOK of Apple. A Legend replaces a Legend!” Trump wrote on Truth Social.

The president’s endorsement comes as Nvidia faces a leadership shake-up following Huang’s departure from the artificial intelligence chipmaker he co-founded in 1993.

NVIDIA CEO JENSEN HUANG RESIGNS AMID INVESTIGATION INTO RELATIONSHIP WITH ALLEGED CHINESE SPY

Nvidia named Chief Financial Officer Colette Kress interim CEO on Thursday while its board searches for a permanent successor, considering candidates from both inside and outside the company.

Cook stepped down as Apple’s CEO in September after 15 years at the helm and now serves as the iPhone maker’s executive chairman. Trump did not indicate whether Cook had expressed interest in taking the helm at Nvidia.

Ticker	Security	Last	Change	Change %
NVDA	NVIDIA CORP.	162.85	-3.34	-2.01%

Huang’s resignation followed reports of two extramarital affairs, including a relationship with a Chinese businesswoman whom U.S. authorities suspect of spying for Beijing. 

The allegations raised questions about whether the longtime technology executive could have been targeted by Chinese intelligence, given Nvidia’s central role in the global artificial intelligence industry and ongoing U.S.-China tensions over advanced chips.

The reported relationship has fueled concerns about potential foreign intelligence efforts to gain access to sensitive information involving one of America’s most strategically important technology companies. However, no evidence has been publicly established that Huang disclosed confidential information or that the woman obtained Nvidia secrets.

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Trump had previously defended Huang, saying Monday that he believed the executive’s account that he was unaware of the woman’s alleged intelligence ties.

Reuters contributed to this report. 

Bull case for AI cloud providers

Commentary on computing during the earnings call supported “continued pricing power and shorter payback periods” for AI cloud providers, Truist Securities analysts said in a Tuesday note.

“Despite market concerns relating to financing for AI cloud providers this past week, we believe SpaceX’s third-quarter 2026 represents the first data point during the earnings season to support the bull case for AI cloud providers,” they added.

They explained that demand appears “insatiable,” with SpaceX noting that it could rent out its capacity several times over. The analysts said Coreweave and Nebius are set to benefit and capture demand as “pricing power will more than offset higher…

President Donald Trump said the U.S. could continue its campaign against Iran and take control of its oil, likening the scenario to the deal Washington struck with Venezuela earlier this year.

“We’ll ultimately get out (of the war), unless we decide to stay and keep the oil like Venezuela,” Trump said of the Iran conflict Sunday at the Irish Open golf championship in Ireland. He added that U.S. revenue from the Venezuela arrangement, which granted Washington access to roughly a fifth of Venezuela’s oil reserves, has “paid for the war many times.”

Under the agreement reached in August, Venezuela ceded majority U.S. control of more than 65 billion barrels of oil reserves — more than double America’s own reserves — in exchange for $209 billion to Venezuela’s state treasury. Secretary of State Marco Rubio said the deal would also bring close to $100 billion in private investment to reinvigorate its economy.

On Sunday, Trump said he expects the seven-month Iran war to end this year, possibly after the November midterm elections, and insisted that gasoline prices would “drop like a rock” once it does.

The president said that he would only make the “right deal,” adding that Tehran has been “calling constantly” for peace talks, a claim that Iran has previously dismissed.

Trump’s comments came as diplomacy over the Strait of Hormuz stalled.

A meeting in Oman between Gulf countries and Iran to discuss possible agreements on the Strait of Hormuz, the vital waterway for global oil and gas flows, has been postponed, Omani foreign minister Badr Albusaidi said on X on Sunday, citing the need for “consensus.”

Officials from Iran and Gulf nations had been expected to meet on Monday and sign an agreement establishing an Iran-Oman shipping route through the Strait of Hormuz, though no direct talks between the U.S. and Iran were ongoing.

The Strait of Hormuz has been subjected to an Iranian and later U.S. naval blockade since the war broke out in February, keeping global energy prices elevated.

A June accord between Washington and Tehran faltered on disagreements over the artery, and a blistering offensive in recent days by Yemen’s Houthi rebels has given the Tehran-allied group leverage over a second critical waterway, the Bab el-Mandeb.

Ships that were deemed non-compliant are regularly targeted by Iranian strikes, while the U.S. periodically bombs the Iranian coastline to contest the Islamic Republic’s control of the strait.

Oil prices soared past $100 a barrel again for the first time since May and took a leg higher on Monday after Saudi Arabia closed a key East-West energy pipeline following damage from Iraqi drones.

U.S. West Texas Intermediate futures were up 2.3% to $102.39 per barrel. Brent crude, the international benchmark, traded 2.4% higher to $107.11 a barrel.

The owner of Toys “R” Us Canada is trying to buy some of the retailer’s assets so it can keep the chain going or rebrand the beleaguered business that has been in creditor protection since February.

A lawyer representing a numbered company that owns the retailer has filed a letter in court saying his client has a licence to use the Toys “R” Us name until Jan. 25, 2027.

After that date, the letter says the numbered company, which operates as Putman Investments, hopes to extend that licence or rebrand the business.

The letter does not say what the chain could be rebranded to. Putman Investments also runs Northern Reflections, HMV, Sunrise Records, Ricki’s and Cleo.

The letter offers the first insights the public has gotten into what Toys “R” Us Canada’s owner has planned for the crumbling chain that has shrunk from 53 to 15 stores within about two years.

Putman Investments owner Doug Putman has never commented publicly on Toys “R” Us Canada’s collapse and the chain and his lawyers have not responded to questions from The Canadian Press about his plans for the company’s assets.

As part of the company’s plans, the letter says Putman Investments has struck an agreement to continue operating its store at Sherway Gardens, a mall in Toronto’s west end.

The location would bolster a deal it reached to buy 10 Toys “R” Us Canada store leases, the brand’s inventory, equipment and bank accounts.

The deal still needs court approval, which the company is expected to seek Monday.

At that hearing, a judge will also consider whether American toy brand manager Ad Populum will be able to buy the rights to about 150 Toys “R” Us Canada and Babies “R” Us Canada trademarks.

Toys “R” Us Canada and its U.S. counterpart are owned and operated separately, though WHP Global has the rights to Toys “R” Us and licenses them to U.S. and other regional operators like department stores Macy’s and Kohl’s.

Putman Investments bought Toys “R” Us Canada from Fairfax Financial in 2021 with plans to revamp the business.

Instead, it wound up so in debt it had to turn to the court to keep creditors at bay.

It owes at least $120 million to its vendors and “substantial” amounts to many landlords, who sued the company in the last few years in hopes of recouping owed amounts.

To help try to pay them back, Toys “R” Us Canada put its trademarks, inventory, leases and equipment up for sale earlier this year.

The 10 locations Putman Investments wants to buy as part of that…

U.S. President Donald Trump’s lead trade negotiator says the administration is considering breaking up the three-way free trade agreement with Canada and Mexico, moving toward separate deals instead. 

U.S. Trade Representative Jamieson Greer said Wednesday that the Trump administration is keeping all options on the table for the future of the Canada-U.S.-Mexico Agreement (CUSMA) as it comes up for renewal in 2026. 

But Greer, who plays a key role in all trade negotiations, including the looming review of CUSMA, is laying out a strong case for separate bilateral deals with the country’s northern and southern neighbours — a move that would end 30 years of North America having a unified free trade agreement.

“Our economic relationship with Canada is very, very different than our economic relationship with Mexico,” Greer told an event held by the Atlantic Council, a Washington-based think-tank focused on international affairs. 

“The labour situation’s different. The import-export profile is different. The rule of law is different. So it makes sense to talk about things separately with Canada and Mexico,” he said.

All three countries must indicate by July 1 of next year whether they want to extend the agreement, renegotiate its terms or let it expire. Greer must provide a report to U.S. Congress 180 days before that deadline — by Jan. 2 — that would signal the administration’s intentions.

Already talking separately to Canada and Mexico

He didn’t drop any hints during Wednesday’s conversation about which way the White House is leaning when it comes to CUSMA. 

“Could it be exited? Yeah, it could be exited. Could it be revised? Yes. Could it be renegotiated? Yes,” Greer said. “All of those things are on the table.”

However, he strongly hinted there was potential for splitting the agreement into separate bilateral deals with Canada and Mexico.

“We’re already talking to them separately,” Greer said. 

“I have not had a meeting this year where I sat with Canada and Mexico in a room, and we sat together and talked about USMCA,” he added, using the U.S. acronym for the agreement. 

Greer’s comments echo remarks made to Politico last week, when he said he discussed the possibility of separate negotiations with the U.S. president just…