Good morning! This is Daniel de Visé bringing you your Daily Money update.

“Stargate” carries a lot of meaning. It refers to a 1994 film starring Kurt Russell, and it was also the name of a covert Army project from the 1970s that explored psychic abilities (which, honestly, could make for an interesting movie itself).

Now, the term “Stargate” has been adopted for a new private investment initiative totaling up to $500 billion aimed at developing artificial intelligence infrastructure, with the goal of surpassing competing nations in this crucial technology sector. President Trump unveiled this plan on Tuesday. Here are the details.

What Lies Ahead for TikTok

On Tuesday, Trump expressed that he is receptive to Elon Musk acquiring TikTok, suggesting a plan for the U.S. to co-own 50% of the company.

Musk, who heads Tesla and SpaceX, emerged as a possible purchaser just before the impending deadline for the app’s closure. On Monday, Trump signed an executive order that pauses the enforcement of a ban on the highly popular video application for 75 days.

Discover more about TikTok’s prospects.

Ending Government ‘Censorship’

Trump has also enacted an executive order against “federal censorship” of online discourse, which has garnered support from those who claim the Biden administration improperly stifled conservative opinions, while critics worry that this could lead to a surge of misinformation on social media that might harm the public.

Is this a sincere request for free speech, or a strategy to allow unchecked misinformation and conspiracy theories to spread online? You decide.

Overview of The Daily Money

Every weekday, The Daily Money provides you with the latest consumer and financial news from YSL News, simplifying intricate topics, offering the TLDR version, and discussing how various issues—from changes in Federal Reserve rates to bankruptcies—affect you.

Daniel de Visé focuses on personal finance