Plus: Rivian has disclosed plans to sell 75 million shares of common stock. And the U.S. trade deficit widened as imports of AI components rose. Anthony Bansie hosts.
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[00:00:00] Think on the 31. Juli. Why? Last call for your taxes. Oh no, I don't know where to start. Why do you pay taxes? It's like a tax explanation, just without stress. Is that simple? Sure, it does almost all automatically. It takes a long time? No, just per App. Then, get your money back with the taxes. Until 31. Juli. Here's your afternoon TNB Tech Minute for Tuesday, July 7th. I'm Anthony Bancy for The Wall Street Journal.
[00:00:28] Amazon is expecting to issue at least $25 billion of new U.S. dollar bonds today. That comes just four months after it issued $37 billion in bonds in the U.S. market. The company has also raised more than $20 billion by issuing bonds in Euros and Canadian dollars in recent months. Amazon, along with other tech giants like Alphabet, Meta, and NVIDIA, has been tapping the bond market to invest in the AI infrastructure boom.
[00:00:56] Electric vehicle maker Rivian has disclosed plans to sell 75 million shares of common stock. The automaker said it'll use the proceeds from the sale for general corporate purposes, including equity requirements for a U.S. Department of Energy loan meant to support construction of its upcoming EV manufacturing facility in Georgia.
[00:01:16] Rivian recently began selling the R2, a new SUV with a lower price tag than its previous models. It's seeking the same level of mainstream sales success Tesla had with its Model Y as it builds up its autonomous driving technology. And the U.S. trade deficit widened by more than 42% in May as companies imported more products like pharmaceuticals, vehicles, and semiconductors for the AI boom.
[00:01:41] That marked its highest level since March 2025 when companies were racing to import goods ahead of President Trump's new tariff rollouts. Exports fell by more than 3% and imports picked up by 3.3% on the month, aided by strong demand for goods related to the AI buildout, including semiconductors and computer accessories. That's your TNB Tech Minute. Check back in the morning for another quick tech update. Check back in the morning for a few minutes.