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Tech leaders meet Trump on AI as markets dip and Mesabi invests $15B in US steel plant

Market News
29 Sep 2026
CNBC
View Source
Neutral
Tech leaders meet Trump on AI as markets dip and Mesabi invests $15B in US steel plant

Tech CEOs including Meta's Zuckerberg and Alphabet's Pichai met President Trump to discuss AI amid OpenAI's safety concerns and Anthropic's new model launch. Treasury yields hit multiyear highs, dragging major US stock indexes down. Trump announced a $15 billion investment by Mesabi Metallics to build the largest US steel plant, aiming to boost domestic production and jobs by 2030. MongoDB's CEO left for Meta, causing a sharp stock drop, while Alaska Airlines unveiled premium cabin upgrades to attract luxury travelers.

Meta Platforms shares rose 1.07% to USD 723.25 on Pluang as of Sep 29, 2026 19:52 WIB, showing resilience despite CEO changes in the tech sector. Alphabet's stock was nearly flat, down 0.03% at USD 342.65, reflecting cautious investor sentiment amid rising Treasury yields. Trading activity on Pluang shows a balanced interest with Meta seeing 56% sell orders and Alphabet 47% sell orders at the same time.

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