More than four million children have been enrolled in newly created Trump Accounts, the Internal Revenue Service (IRS) said Tuesday, marking a major rollout of the administration’s savings initiative.

Additionally, the IRS said more than one million children are covered by elections for the $1,000 Trump Accounts pilot program contribution.

Trump Accounts were created under the “One Big Beautiful Bill Act” last year, and contributions can begin July 4, 2026.

“The IRS has been working closely with the Treasury Department to make the election process as simple and easy as possible by permitting taxpayers to fill out a one-page form when they file their tax return,” IRS Chief Executive Officer Frank J. Bisignano said in a statement. “Families with eligible children born between 2025 and 2028 just need to check the box on a form to stake their claim for the $1,000 contribution. It’s that simple.”

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The new data is based on how many Form 4547, “Trump Account Election(s),” have been submitted with individual tax returns to date, according to the IRS.

To create a Trump Account and enroll in the pilot program with their 2025 tax return, parents can fill out IRS Form 4547.

The accounts will be available to every American child born between Jan. 1, 2025, and Dec. 31, 2028, and will include a $1,000 seed contribution invested in an index fund. They can be created for anyone who has not turned 18 before the end of the calendar year in which the election is made and has a valid Social Security number.

Each account is in the child’s name and is controlled by parents until the child reaches age 18.

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While no contributions are required, up to $5,000 can be deposited into the accounts per year.

The U.S. Treasury previously estimated that Trump accounts could accumulate significant savings if families maximize contributions and allow the funds to grow.

For example, a fully funded account could reach as much as $1.9 million by age 28, according to the Treasury’s Office of Tax Analysis. At the lower end of projected returns, the account could still yield nearly $600,000 over the same period.

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Without additional contributions beyond the federal government’s initial $1,000 deposit, it is estimated that the account could grow to between $3,000 and $13,800 over 18 years.

Children can receive contributions from parents, relatives, friends, employers, state governments and philanthropic organizations, according to the IRS.

Since the Trump Accounts were first unveiled, numerous major companies have expressed support for the initiative and announced plans to match the government’s $1,000 contribution for eligible employees’ children.

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More information about Trump Accounts can be found at trumpaccounts.gov.

FOX Business has reached out to the White House for comment.

FOX Business’ Amanda Macias and Emma Colton contributed to this report.

YouTube has been ranked the world’s most influential brand, as technology companies continue to dominate global media and public discourse, according to a new report.

The 2026 Brand Influence Rank from Onclusive found that digital-first platforms occupy every position in the global top 10, reflecting their unrivalled ability to shape narratives across both traditional and social media.

Joining YouTube at the top of the rankings are Google, Instagram, Facebook, LinkedIn, Apple, Amazon, Microsoft, TikTok and ChatGPT, underscoring the structural advantage these businesses hold in driving attention at scale.

The report measures influence not by size alone, but by a brand’s ability to generate sustained media coverage, spark conversation and shape public perception globally.

Digital platforms, with their always-on engagement and vast user bases, are uniquely positioned to dominate this landscape. Their central role in communication, content distribution and increasingly artificial intelligence gives them a powerful edge over traditional brands.

Jennifer Roberts, chief marketing officer at Onclusive, said the findings reflect a fundamental shift in how influence is defined.

“Influence is no longer just about reputation, it’s about the ability to generate continuous attention across multiple channels,” she said, noting that the rise of AI-driven search and content is accelerating this trend.

One of the most notable developments in the rankings is the entry of ChatGPT into the global top 10 for the first time, highlighting the rapid ascent of AI-focused brands.

Alongside Microsoft, AI platforms are generating disproportionate levels of media coverage, driven by innovation, competition and ongoing debate around regulation, ethics and the future of work.

However, this visibility comes with a trade-off. The report identifies a “sentiment ceiling” affecting many leading tech brands, where high levels of scrutiny limit positive perception despite strong influence.

Companies such as Google, Facebook, Apple and TikTok all recorded relatively modest positive sentiment scores, reflecting ongoing regulatory pressures, antitrust investigations and concerns over platform governance.

The report also highlights the growing role of corporate leaders in shaping brand narratives.

Elon Musk was ranked the world’s most influential CEO, with a media presence nearly ten times greater than his closest competitor. His influence is driven by his involvement across multiple high-profile companies, including Tesla, SpaceX and the social platform X, combined with a highly visible and often polarising public persona.

Sam Altman ranked second, reflecting the central role of artificial intelligence in global discourse. His prominence has grown rapidly as AI has become a defining topic in business, politics and society.

Other influential leaders include Mark Zuckerberg, Jensen Huang and Tim Cook, each contributing to their companies’ visibility through strategic positioning in key technology sectors.

The report underscores a key tension in modern brand building: influence does not necessarily equate to positive sentiment.

While tech companies dominate attention and conversation, they also face intense scrutiny over issues ranging from data privacy and competition to the societal impact of their technologies.

This dynamic creates a balancing act for brands, which must manage both visibility and trust in an increasingly complex media environment.

As digital platforms and AI continue to reshape how information is created, distributed and consumed, their dominance in global influence rankings is likely to persist.

However, with that influence comes heightened responsibility, and greater scrutiny.

For brands, the challenge is no longer simply to be seen, but to be trusted.

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Wall Street ended sharply higher on Tuesday, lifted by speculation about a potential de-escalation in the Middle East conflict that has sent oil prices soaring and fueled fears of global inflation in recent weeks. All three major U.S. indexes rallied after the Wall Street Journal reported on Monday that U.S. President Donald ‌Trump told aides he ⁠was willing ⁠to end the military campaign against Iran, even if the Strait of Hormuz remained largely closed. U.S. Defense Secretary Pete Hegseth said the next few days in the Iran war would be decisive and warned Tehran that the conflict would intensify if it did not make a deal.

The Dow Jones Industrial Average rose 1,125.07 points, or 2.49%, to 46,341.21. The S&P 500 gained 185.27 points, or 2.92%, to 6,528.99, while the Nasdaq Composite climbed 795.99 points, or 3.83%, to 21,590.63.

The month-long war has left the S&P 500 and the Dow on track for their deepest quarterly declines since 2022 as investors worry that a wave of higher fuel costs could hurt demand for goods and services, while forcing the U.S. Federal Reserve to raise interest rates to contain ⁠inflation.

“What you’re ‌seeing in capital markets today is speculation around an earlier off-ramp, or a cessation of hostilities,” said Bill Northey, senior investment director at U.S. Bank Wealth Management, in Billings, Montana.

“Details are light, but ⁠the capital markets are looking for any indication that there is an opportunity for a more normal flow of energy through the Strait of Hormuz.”

The U.S. stock market’s most valuable companies made big gains, with Nvidia, Alphabet, Meta Platforms and Amazon all higher.
The PHLX chip index also jumped. CoreWeave rallied after securing an $8.5 billion loan to expand AI infrastructure. Marvell Technology surged after Nvidia invested $2 billion in the firm. Many technology stocks have taken a beating in 2026 due to worries that Microsoft, Alphabet, Amazon and other heavyweights may be taking too long to show results from their massive spending in AI.

Last week, the Dow and the ⁠Nasdaq ended 10% below their record-high closes, confirming they were both in corrections. U.S. job openings fell more than expected in February and hiring dropped to the lowest level in nearly six years, government data showed.

The oil spike stemming from the Iran war has revived inflation worries, and money market traders think the Fed is more likely to raise interest rates by year-end than lower them, according to CME Group’s FedWatch Tool. Unilever agreed to separate its food unit and merge it with McCormick in a cash-and-stock deal, valuing the spice maker at about $44.8 billion. McCormick shares fell. Constellation Energy dropped after forecasting 2026 profit below Wall Street expectations.