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PRESS DIGEST- New York Times business news - February 3

ReutersFeb 3, 2026 8:19 AM

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- SpaceX, the rocket and satellite maker led by Elon Musk, said on Monday it had acquired xAI, the artificial intelligence company controlled by Musk, a sweeping move to consolidate his business empire as it faces questions about the cost of its A.I. ambitions.

- Waymo, the self-driving taxi company owned by Google's parent company Alphabet GOOGL.O, said on Monday that it had raised $16 billion to fuel its plans for global expansion.

- U.S. President Donald Trump on Monday rolled out a $12 billion initiative aimed a bolstering domestic stockpiles of strategic critical minerals, as the United States looks to reduce its reliance on China for key components of technology that powers cars, computers and phones.

- U.S. President Donald Trump said on Monday that the United States had reached a trade agreement with India that would reduce some of the tariffs the United States had placed on Indian imports.

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