{"id":51834,"date":"2025-08-11T16:08:19","date_gmt":"2025-08-11T20:08:19","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-watch-do-kwon-plea-looms-tesla-eyes-uk-power-and-intel-engages-white-house-amid-chip-trade-talks\/51834\/"},"modified":"2025-08-11T16:08:19","modified_gmt":"2025-08-11T20:08:19","slug":"market-watch-do-kwon-plea-looms-tesla-eyes-uk-power-and-intel-engages-white-house-amid-chip-trade-talks","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-watch-do-kwon-plea-looms-tesla-eyes-uk-power-and-intel-engages-white-house-amid-chip-trade-talks\/51834\/","title":{"rendered":"Market Watch: Do Kwon Plea Looms, Tesla Eyes UK Power, and Intel Engages White House Amid Chip Trade Talks"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Terraform Labs<\/strong> co-founder <strong>Do Kwon<\/strong> may plead guilty in a <strong>U.S. criminal fraud case<\/strong> linked to the <strong>$40 billion collapse<\/strong> of the <strong>TerraUSD<\/strong> stablecoin in 2022.<\/li>\n<li><strong>Tesla<\/strong> (<a href=\"\/stock\/TSLA\">TSLA<\/a>), led by <strong>Elon Musk<\/strong>, has applied to become a <strong>power supplier to homes in the UK<\/strong>, marking a significant expansion into the energy utility sector.<\/li>\n<li><strong>Intel<\/strong> (<a href=\"\/stock\/INTC\">INTC<\/a>) CEO is at the <strong>White House<\/strong>, coinciding with discussions around former President <strong><a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#39;s<\/strong> proposal for a <strong>15% cut<\/strong> on <strong>Nvidia<\/strong> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) and <strong>AMD<\/strong> (<a href=\"\/stock\/AMD\">AMD<\/a>) chip sales to <strong>China<\/strong>.<\/li>\n<li><strong>Danone<\/strong> is launching a new <strong>Oikos<\/strong> brand drink in the <strong>U.S.<\/strong> specifically for consumers using <strong>weight-loss medications<\/strong> like <strong>Wegovy<\/strong>, aiming to address muscle retention concerns.<\/li>\n<li>Chilean state-owned <strong>Codelco<\/strong> reported a <strong>17.3% year-over-year increase<\/strong> in its <strong>June copper output<\/strong>, reaching <strong>120,200 tons<\/strong>.<\/li>\n<\/ul>\n<h2>Cryptocurrency and Legal Developments<\/h2>\n<p><strong>Terraform Labs<\/strong> co-founder <strong>Do Kwon<\/strong> is reportedly considering a guilty plea in a <strong>U.S. criminal fraud case<\/strong>. This development is tied to the dramatic <strong>$40 billion collapse<\/strong> of the <strong>TerraUSD<\/strong> stablecoin in 2022, a significant event that sent shockwaves through the cryptocurrency market.<\/p>\n<h2>Tech and Trade Policy in Focus<\/h2>\n<p>The CEO of <strong>Intel<\/strong> (<a href=\"\/stock\/INTC\">INTC<\/a>) has arrived at the <strong>White House<\/strong>, according to CNBC. This visit occurs amidst ongoing discussions surrounding potential U.S. trade policies, including former President <strong><a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#39;s<\/strong> recent defense of taking a <strong>15% cut<\/strong> from <strong>Nvidia<\/strong> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) and <strong>AMD<\/strong> (<a href=\"\/stock\/AMD\">AMD<\/a>) chip sales to <strong>China<\/strong>. <em>Such policies could significantly impact the semiconductor industry and U.S.-China trade relations.<\/em><\/p>\n<p>In other tech news, <strong>Elon Musk&#39;s Tesla<\/strong> (<a href=\"\/stock\/TSLA\">TSLA<\/a>) has applied to become a power supplier to homes in the <strong>UK<\/strong>, as reported by the BBC. This move signals <strong>Tesla&#39;s<\/strong> continued expansion beyond electric vehicles into the broader energy sector, potentially disrupting traditional utility markets.<\/p>\n<h2>Geopolitical Diplomacy and Commodity Production<\/h2>\n<p>Diplomatic efforts regarding the <strong>Russia-Ukraine war<\/strong> continue, with Ukrainian President <strong>Zelenskiy\u2019s<\/strong> Chief of Staff discussing war-ending diplomatic efforts with Senator <strong>Marco Rubio<\/strong>. Concurrently, <strong>UK<\/strong> Labour leader <strong>Keir Starmer<\/strong> and former Bank of Canada Governor <strong>Mark Carney<\/strong> have backed <strong>Trump\u2019s<\/strong> peace efforts for the conflict, emphasizing that any deal must be built with <strong>Ukraine\u2019s<\/strong> involvement. <em>The ongoing diplomatic engagements highlight the complex international efforts to resolve the conflict.<\/em><\/p>\n<p>On the commodities front, Chilean state-owned mining company <strong>Codelco<\/strong> announced a substantial increase in its <strong>June copper output<\/strong>. The company&#39;s production was up <strong>17.3% year-over-year<\/strong>, reaching <strong>120,200 tons<\/strong>. <em>This significant increase could influence global copper prices and supply dynamics.<\/em><\/p>\n<h2>Consumer Trends and Economic Indicators<\/h2>\n<p>Global food giant <strong>Danone<\/strong> is strategically targeting a burgeoning market by introducing a new <strong>Oikos<\/strong> brand drink in the <strong>U.S.<\/strong> The dairy-based beverage is specifically designed for consumers using popular <strong>weight-loss medications<\/strong> such as <strong>Wegovy<\/strong>, aiming to address the common concern of retaining muscle mass. <em>This innovation reflects a growing trend of companies adapting products to meet the needs of consumers on new pharmaceutical treatments.<\/em><\/p>\n<p>Meanwhile, <strong>Wall Street<\/strong> is expressing concerns about the reliability of government inflation data on the eve of the highly anticipated Consumer Price Index (<strong>CPI<\/strong>) report. <em>Market participants are closely watching economic indicators for signs of inflation trends and their potential impact on monetary policy.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Terraform Labs co-founder Do Kwon may plead guilty in a U.S. criminal fraud case linked to the $40 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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