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A win for NVIDIA as President Trump

okays the sale of its high performance chips to China, plus the bellwether stakes of Miami's mayoral race.

Even though the candidates have sought to focus on local issues like housing, taxes, and transportation, all these national political forces have helped turn the race into a referendum on the parties and on Trump himself.

And Ford turns to France's Renault to upshift its embattled European business.

It's Tuesday, December 9th.

I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News,

the top headlines and business

stories moving your world today.

Shares of Nvidia have jumped off hours after President Trump said he'd let the company

export its H-200 chips to China in an apparent easing of stringent export controls.

Journal Asia Business editor Peter Lander says the move is a boon for NVIDIA,

which has fought for months to maintain access to the world's second-largest economy.

This is going to be another source of demand for NVIDIA.

Probably billions of dollars of chip sales can be made to China if this is ultimately approved.

At its peak, China was about 20% of NVIDIA's sales.

It's been a lot less than that in recent years because of U.S. export controls.

So there's still a huge company, extremely profitable without China, but certainly the China market, as CEO Jensen Huang has said, is an important addition to whatever they're selling elsewhere.

...