Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors

every morning. Good morning. Today is Tuesday, December 9th, and I'm your host, Kim Khan, filling in for

Julie Morgan. President Donald Trump has signed off on Nvidia selling high-end H-200 GPUs to China,

and says the U.S. gets a 25% cut.

In a post, Trump said he told President Xi Jinping that the U.S. would allow Nvidia to ship H-200

trips to approved customers in China under conditions that allow for continued strong national

security.

Xi responded positively, Trump added, saying the 25% revenue cut

will be paid to the United States of America to support U.S. jobs and manufacturing.

The same framework will apply to AMD, Intel, and other U.S. chipmakers once the Commerce Department

finalizes the details. Washington had previously allowed Nvidia to sell the lower-powered H-20 model, but that rollout fizzled.

China state media blasted the chips underpowered, and regulators reportedly halted imports over security concerns.

NVIDIA welcomed the reversal.

We applaud President Trump's decision to allow America's chip industry to compete,

the company told Seeking Alpha, calling the H-200 plan a thoughtful

balance vetted through commerce. Invita had already stripped any potential China sales from its

forward guidance. CEO Jensen Wong had recently met with skeptical Republican lawmakers

who have pushed back against high-end GPU exports on national security grounds.

Senator Elizabeth Warren is turning up the heat on Hollywood's takeover battle, calling Paramount

Skydance's hostile bid for Warner Brothers Discovery a five-alarm antitrust fire.

In a statement, Warren said a combined Paramount Warner Brothers deal is exactly what our

anti-monopoly laws are written to prevent, and highlighted the bidders financial backers,

...