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Aussie shares log fourth session of losses, banks drag

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Aussie shares log fourth session of losses, banks drag

Australian shares have fallen for a fourth straight session, as CommBank led the big banks lower, eclipsing a broadly positive session elsewhere.

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Elon Musk’s ‘True’ Reply to Jensen Huang Friendship Post Goes Massively Viral

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Elon Musk Posts Grok Imagine Video: Himself in Yukata Showing

AUSTIN, Texas — Elon Musk offered a simple yet powerful affirmation Friday, replying “True” to a viral X post declaring that “the most important thing in life is having true friends,” accompanied by a photo of the Tesla and SpaceX CEO alongside NVIDIA’s Jensen Huang. The understated response quickly exploded online, amassing millions of views and sparking widespread discussion about friendship, loyalty and the human side of high-stakes tech leadership.

The original post by popular X account @cb_doge featured an image of Musk and Huang together in a relaxed, friendly moment, likely captured during their recent high-profile trip to China aboard Air Force One with President Donald Trump. The duo, both titans of the artificial intelligence and semiconductor worlds, have forged a close professional and personal bond over years of collaboration on cutting-edge technology. Musk’s two-word reply resonated instantly, striking a chord with users who saw it as a rare glimpse of vulnerability and warmth from one of the world’s most polarizing billionaires.

Within hours, the post and Musk’s reply generated more than 15 million views, 150,000 likes and thousands of reposts and replies. Users flooded the thread with their own stories of friendship, memes celebrating the tech leaders’ camaraderie and heartfelt messages about the value of genuine relationships in an often cutthroat industry.

Recent Trip to China Highlights Bond

The photo appears to stem from the May 13-14 Trump-Xi summit in Beijing, where Musk, Huang and other U.S. tech executives joined the presidential delegation to discuss trade, AI and semiconductor cooperation. Images and videos from the trip showed Musk and Huang traveling together on Air Force One, engaging in candid conversations and even sharing lighthearted moments at official events.

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Musk has publicly praised Huang in the past, crediting NVIDIA’s early support for Tesla’s autonomous driving efforts and highlighting their shared vision for AI advancement. Huang, in turn, has described Musk as a visionary who believed in NVIDIA’s technology when few others did. Their partnership has deepened as both companies push the boundaries of AI infrastructure, with Tesla relying heavily on NVIDIA chips for its Dojo supercomputers and autonomous vehicle development.

The China trip itself drew significant attention, with Musk and Huang among the high-profile business leaders accompanying Trump. Photos of the group at the Great Hall of the People, including Musk performing his signature “photo-spin” for cameras, underscored the blend of diplomacy, business and personal rapport.

Friendship in the Tech World

Musk’s affirmation of true friendship comes at a time when the tech industry is often criticized for cutthroat competition, intense rivalries and fleeting alliances. Observers noted the post humanizes Musk, who frequently faces scrutiny over his public persona, work habits and controversial statements. Many replies celebrated the image of two visionary leaders supporting each other amid the pressures of building the future.

Replies ranged from heartfelt endorsements — “True friends are priceless” — to humorous takes on Huang’s signature leather jacket and Musk’s casual style. Some users drew parallels to other high-profile friendships in business, while others used the moment to reflect on personal relationships. A common theme emerged: in an era of digital connection, authentic bonds remain irreplaceable.

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Industry analysts suggested the post subtly reinforces the collaborative spirit between Tesla and NVIDIA, two companies at the forefront of AI, electric vehicles and computing power. Their relationship stands in contrast to more adversarial dynamics seen elsewhere in Silicon Valley, such as ongoing tensions over chip supplies and market dominance.

Musk’s Philosophy on Life and Success

Musk has occasionally shared personal insights on X, from family values to the importance of long-term thinking. His “True” reply aligns with previous statements emphasizing loyalty, resilience and surrounding oneself with people who share a mission. Friends and associates have described Musk as someone who values deep, enduring relationships despite the demands of running multiple companies.

For Huang, the sentiment resonates with his own public comments about early supporters like Musk who backed NVIDIA during critical periods. The two have appeared together at conferences and events, often discussing the future of AI with mutual respect and enthusiasm.

Viral Impact and Cultural Resonance

The post’s rapid spread highlights X’s role as a platform for unfiltered moments from influential figures. Musk’s massive following — more than 200 million users — amplifies even brief comments into global conversations. The exchange has been covered by major outlets, with commentators praising its simplicity and authenticity in an age of polished public relations.

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Social media users from diverse backgrounds shared how the post prompted personal reflection. Parents posted about teaching children the value of true friendship, while professionals discussed navigating workplace alliances. Some drew connections to broader themes of trust in leadership, both in business and politics.

Critics, however, noted the irony of a billionaire discussing friendship while navigating complex business and regulatory challenges. Others appreciated the reminder that even the most powerful figures prioritize human connection. The post has sparked countless memes, quote graphics and video edits celebrating friendship across industries.

Broader Implications for Tech Leadership

As AI reshapes industries and geopolitical tensions influence global supply chains, personal relationships among tech leaders can play a subtle but significant role. Musk and Huang’s rapport has facilitated collaboration on projects critical to U.S. innovation and competitiveness. Their joint presence in Beijing signaled unity in high-stakes diplomatic and economic discussions.

The moment also humanizes the often-intimidating world of big tech. In an era where executives are scrutinized for every statement and move, a simple affirmation of friendship offers a refreshing counterpoint. It underscores that behind the balance sheets and bold visions are individuals who value the same fundamental things as everyone else.

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As reactions continue pouring in, Musk’s brief reply stands as a testament to the enduring power of genuine connection. In a world increasingly defined by algorithms and competition, the image of two trailblazers sharing a moment of camaraderie reminds millions that true friends remain one of life’s greatest assets — a sentiment Musk himself endorsed with just one word.

The post remains live and continues gaining traction, serving as a timely reminder amid fast-paced technological change. Whether viewed as a casual comment or a deeper philosophical statement, Musk’s agreement has resonated far beyond the tech community, sparking conversations about what truly matters in life.

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Trump Secures Clear Edge Over Xi in Beijing Summit with Major Trade and Energy Wins

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Trump Secures Clear Edge Over Xi in Beijing Summit with

BEIJING — President Donald Trump emerged from two days of intense negotiations with Chinese President Xi Jinping with tangible victories that strengthen America’s economic position, as the United States extracted concrete commitments on energy purchases, Boeing aircraft orders and agricultural exports while holding firm on core strategic issues including Taiwan and technology restrictions.

The high-stakes summit, the first U.S. presidential visit to China in nearly a decade, concluded Friday with Trump declaring the meetings “extremely productive” and securing deliverables that directly benefit American workers, manufacturers and energy producers amid global disruptions caused by the Iran conflict. While both leaders projected warmth and mutual respect, analysts assessing outcomes say Trump achieved more measurable gains without making significant concessions on America’s strategic red lines.

Trump brought a powerful delegation of U.S. business leaders including Elon Musk, Tim Cook and Jensen Huang, leveraging their presence to push for expanded market access and fairer trade practices. The trip yielded commitments from China to significantly increase purchases of U.S. energy, Boeing aircraft and agricultural goods — moves designed to help offset global oil supply concerns and support American jobs.

Key Wins for the United States

White House officials highlighted several concrete outcomes. China agreed to ramp up imports of American liquefied natural gas and other energy products, providing crucial stability for U.S. producers facing volatile global markets. Boeing secured firm commitments for additional aircraft orders, a major boost for American manufacturing and aerospace workers. Agricultural exports also received a significant lift, benefiting Midwest farmers.

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On the diplomatic front, both nations reaffirmed that Iran must not develop nuclear weapons and that the Strait of Hormuz must remain open for energy shipments — a critical priority for global markets and U.S. allies. Trump’s team successfully avoided major concessions on Taiwan, with no softening of America’s support for the island’s security despite Xi’s firm public statements on the issue.

Trump used the summit to reinforce America’s technological edge, with U.S. executives pressing successfully for improved regulatory conditions. The meetings also advanced discussions on fentanyl precursor chemicals, addressing a key domestic priority for the Trump administration.

China’s Limited Gains

While Xi hosted Trump with full state honors and emphasized “partnership over rivalry,” Beijing offered mostly incremental steps rather than structural reforms. Chinese state media focused heavily on optics and mutual respect, but analysts note that China conceded more on commercial purchases to secure stability during a period of global uncertainty. Xi’s warning on Taiwan was firm but produced no policy shift from the American side.

Trump’s approach — combining personal diplomacy with business leverage — proved effective. The inclusion of top American CEOs created direct pressure that translated into purchasing commitments, giving the U.S. side measurable economic wins that can be highlighted domestically.

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Strong Domestic and International Reaction

In Washington, Republicans hailed the summit as a clear success for American interests, with many praising Trump’s ability to extract concessions while protecting strategic priorities. Business groups welcomed the energy and aircraft deals as immediate boosts for U.S. exporters. Democrats offered measured praise for the energy stability agreements while calling for stronger action on human rights.

Taiwanese officials expressed satisfaction that no major concessions were made on their security. European and Asian allies viewed the outcome as a net positive for global stability, with U.S. leadership helping maintain pressure on key issues like Iran.

Strategic Context and Long-Term Impact

The summit occurred against the backdrop of ongoing U.S.-China competition, but Trump’s team successfully framed the relationship as one of managed rivalry rather than outright confrontation. By securing commercial wins without compromising on technology export controls or Taiwan policy, the administration advanced America’s economic interests while maintaining strategic deterrence.

Analysts note that Trump’s personal rapport with Xi, built over multiple meetings, allowed for more direct and results-oriented discussions than traditional diplomatic channels. The presence of Musk, Cook and Huang amplified American leverage, demonstrating the synergy between U.S. government policy and private-sector strength.

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For China, the visit provided valuable stability during a challenging period, but the tangible concessions on purchases and energy suggest Beijing blinked first on immediate economic pressure points. Xi maintained his public stance on Taiwan but failed to extract any softening of U.S. positions.

What Comes Next

Trump returns to Washington with deliverables he can tout as proof of his “America First” approach delivering results. Follow-up negotiations will focus on implementing the new purchase agreements and addressing remaining issues. Xi’s invitation to visit the White House in September keeps dialogue channels open.

The Beijing summit marks a notable chapter in U.S.-China relations, with Trump demonstrating that targeted diplomacy backed by economic leverage can produce favorable outcomes for American interests. While the broader strategic competition continues, this meeting delivered clear edges for the United States on trade, energy security and maintaining firm positions on core national security concerns.

As Air Force One departed Beijing, Trump’s team projected confidence that the agreements reached will strengthen the U.S. economy and global standing. In the ongoing superpower relationship, this round clearly tilted toward American priorities and practical wins. The true test will be in the months ahead as both nations implement what was agreed and prepare for future engagements.

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Aussie stocks down for four of past five weeks

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Aussie stocks down for four of past five weeks

Australia’s share market has fallen for four of the past five weeks, following a storm of profit warnings, earnings disappointments, interest rate hikes and fuel security woes.

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At Close of Business podcast May 15 2026

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At Close of Business podcast May 15 2026

Claire Tyrrell speaks to Ella Loneragan about the state of major projects in South Perth, as development times ramp up.

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UK borrowing costs rise and pound falls as leadership drama continues

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UK borrowing costs rise and pound falls as leadership drama continues

“Overall, UK politics is a mess, there are already signs that foreign buyers are ditching the gilt market. If there is a major rout in the pound and/or gilts in the coming days, prospective candidates may need to assess whether now was a wise time to make a move against the PM,” she said.

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Intuitive Machines Set To Launch In The Space Race

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Intuitive Machines Set To Launch In The Space Race

Intuitive Machines Set To Launch In The Space Race

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Hargreave Hale AIM VCT allots 105,364 shares at 33.55p

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Hargreave Hale AIM VCT allots 105,364 shares at 33.55p

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Zelenskiy condemns Russia after strike on Kyiv apartment block kills 24

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Zelenskiy condemns Russia after strike on Kyiv apartment block kills 24


Zelenskiy condemns Russia after strike on Kyiv apartment block kills 24

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Vodafone appoints Olaf Koch as non-executive director

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Vodafone appoints Olaf Koch as non-executive director

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How China may have made lifelong teetotaler Trump sip alcohol

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How China may have made lifelong teetotaler Trump sip alcohol
US President Donald Trump, who has long claimed he has never consumed alcohol in his life, may have briefly broken his sobriety during his visit to China. A video from the trip has gone viral online, appearing to show Trump raising a glass of wine during a toast and taking a sip.

“Trump has never had alcohol in his life. China gave him a beverage to toast, and Trump drank it. This is a very subtle, but STRONG statement on who’s really in charge,” claimed one viral social media post.

According to the Asian Business Daily, “During the proceedings, President Trump was seen raising his glass containing the toasting wine and bringing it to his lips, appearing to take a sip. He then handed the glass to a staff member, and cameras caught him seemingly holding the wine in his mouth for a moment before swallowing.”

Trump has repeatedly said he has never consumed alcohol — a rare claim among modern US presidents.

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“I’ve never had a drink,” Trump told Fox News after his election victory in 2017.
According to the BBC, Trump’s decision to avoid alcohol stems from the death of his older brother, Freddie Trump, who died at the age of 42 from complications related to alcoholism.
Trump has also reportedly advised his children to stay away from drugs, alcohol and cigarettes.
However, Bruce LeVell, a former Trump adviser and former White House small business advocate, dismissed the viral speculation in a post on X, saying, “It’s not alcohol, and I speak for the President.”

In another post, he added, “President Trump does not drink or do drugs. You want a president like that.”

Trump was on an official visit to China on an invitation from Chinese president Xi Jinping. It was the first visit to China by a US president in nine years.

What happened during Trump’s China visit

Trump departed China on Friday while highlighting several business agreements reached during the trip, even as Beijing warned Washington against mishandling the sensitive Taiwan issue and criticised the Iran war.

“We’ve settled a lot of different problems that other people wouldn’t have been able to solve,” Trump said after meeting Chinese President Xi Jinping in Beijing on the second day of talks.

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The discussions reportedly covered the Iran conflict, Taiwan, trade ties and other major geopolitical issues. While Xi did not publicly comment on his talks with Trump regarding Iran, China’s foreign ministry later issued a strong statement expressing frustration over the conflict.

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