Samsung and SK Hynix Rally on OpenAI Stargate Deal
WSJ Minute Briefing
The Wall Street Journal
4.1 • 671 Ratings
🗓️ 2 October 2025
⏱️ 3 minutes
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| 0:00.0 | Boardrooms love buzzwords. AI, climate, resilience. But what do they actually mean for CFOs and execs trying to survive the next earnings call? That's where the pre-read comes in. Real experts and real talk. Subscribe to the pre-read, presented by Workieva. |
| 0:17.9 | Here's your morning brief for Thursday, October 2nd. I'm Caitlin McCabe for the Wall Street Journal. |
| 0:23.7 | The U.S. government is a little more than 24 hours into its shutdown, and the Trump administration is ramping up pressure on Democrats. |
| 0:32.1 | The president's budget chief Russell vote announced he had put a hold on $18 billion in federal funds for New York City |
| 0:39.0 | infrastructure projects, citing concerns about diversity, equity, and inclusion. That includes funds |
| 0:45.5 | for a Hudson River Tunnel Project and Subway Extension. Democratic congressional leaders, |
| 0:50.9 | Hakeem Jeffries and Chuck Schumer, both of whom represent New York, |
| 0:54.5 | held firm in saying they won't support any government funding bill that doesn't include |
| 0:58.6 | restoring billions of dollars in health care spending. We are exclusively reporting that the |
| 1:04.0 | U.S. will for the first time provide Ukraine with intelligence for long-range missile strikes |
| 1:08.8 | on Russia's energy infrastructure. |
| 1:15.6 | According to U.S. officials, the president recently signed off on allowing intelligence agencies and the Pentagon to aid Keeve with the strikes, while officials have also asked |
| 1:20.6 | NATO allies to provide similar support. The expanded intelligence sharing with Kiv is the |
| 1:26.0 | latest sign that Trump is deepening support for Ukraine, as his efforts to advance peace talks have stalled. |
| 1:32.7 | And shares of Samsung Electronics and SK Hynix surge to multi-year highs in Seoul after the South Korean memory chipmakers struck initial agreements with chat GPT maker, OpenAI, to work together on global |
| 1:45.6 | AI infrastructure. OpenAI chief executive Sam Altman signed letters of intent with both companies |
| 1:52.0 | yesterday to team up on his next generation data centers under his company-led Stargate initiative. |
| 1:58.8 | No deal value was disclosed. Asian stocks ended the day higher. |
| 2:03.6 | European indexes are also higher in midday trading and U.S. stock features are rising ahead of the |
| 2:09.0 | open. And we have a lot more coverage of the day's news on the WSJ's What's News podcast. |
| 2:15.3 | You can add it to your playlist on your smart speaker or listen and |
| 2:18.2 | subscribe wherever you get your podcasts. Isn't home where we all want to be? Reba here for |
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