From the heart of where innovation, money, and power collide.

In Silicon Valley and beyond, this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Live from New York, on Shnali Bassick.

And I'm Jackie Davalas in Washington.

This is Bloomberg Technology.

Coming up, stocks rebound after a positive inflation reading.

The relief comes after some market turmoil this week on the back of President Trump's tariffs.

Plus, we'll dive into what's behind the retreat from Musk's EV company, with Tesla being

the biggest decliner in the S&P 500 index this year.

And SpaceX's crew 10 is launching this evening for a relief mission for NASA astronauts at the International Space Station.

Let's get into some of these Intel moves right away with Bloomberg's Mike Shepard.

Mike, there's still a lot we don't know

about some of this report coming from Reuters on Intel. Fill us in on what we do know.

Well, one of the questions is really how much of this would ultimately bear fruit. We had reported about a month ago now that the Trump administration had approached

TSM to perhaps take over Intel's

foundry business. That would be a big undertaking, of course, given all the malaise surrounding

Intel and some of the business complications therein. But it also opened the door to perhaps

working together with other companies. And this report would certainly fit into that.

However, more recent events suggest a different direction of travel.

Intel announced this $100 billion additional investment in the U.S.

a little more than a week ago with President Donald Trump,

and that's the kind of thing that doesn't seem to include or leave room for Intel.

Also, there are some thorny problems involved here.

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