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Elon Musk to join Trump Wednesday at infrastructure meeting source


Elon Musk, who heads Tesla Inc and Space X, will take part in a meeting with U.S. President Donald Trump and business leaders Wednesday on the administration's plans to boost infrastructure spending, a White House official told Reuters. Also expected to attend the White House meeting are Richard LeFrak, chief executive officer of LeFrak; Vornado Realty Trust CEO Steve Roth; and Apollo Global Management co-founder Josh Harris, the official said. General Atlantic CEO Bill Ford, McKinsey & Co partner Tyler Duvall and Lynn Scarlett, a managing director at the Nature Conservancy, are also scheduled to attend along with Transportation Secretary Elaine Chao and Energy Secretary Rick Perry.

During his presidential campaign, Trump said he would push for a $1 trillion infrastructure program to rebuild roads, bridges, airports and other public works projects.

House panels to launch fight in Congress over Obamacare replacement WASHINGTON A potentially lengthy U.S. legislative fight over replacement of the Obamacare health law gets underway on Wednesday as two House of Representatives committees begin negotiating over changes to a Republican plan backed by President Donald Trump.

'It's like kumbaya:' Trump's genial private meetings with CEOs jar with public attacks WASHINGTON When the bosses of some of the world's largest pharmaceutical companies headed to Washington in January to meet U.S. President Donald Trump, it had all the makings of a potentially hostile meeting.

Facing test of resolve, Trump pushes ahead with North Korea review WASHINGTON Faced with a growing test of resolve for a new U.S. president who vowed while campaigning to get tough on North Korea, Donald Trump's aides are pressing to complete a strategy review on how to counter Pyongyang's missile and nuclear threats.

Intel to buy Mobileye for $14 $15 billion Israeli media report


JERUSALEM U.S. chip giant Intel (INTC. O) has agreed to buy Israeli technology firm Mobileye (MBLY. N) for $14-$15 billion, according to TheMarker, an Israeli financial newspaper. The companies will announce the acquisition, the largest ever for an Israeli high-tech company, later on Monday, TheMarker reported on its website. Mobileye is a leading supplier of collision-avoidance car sensor systems.

Neither Intel nor Mobileye were immediately reachable for comment. The two companies are already collaborating with BMW on a project to put a fleet of around 40 self-driving test vehicles on the road in the second half of this year.

BMW announced its partnership with the two firms in July, with the goal of developing the capability of introducing fully autonomous vehicles to the market by 2021.

Founded in 1999 with a mission to reduce vehicle injuries and fatalities, Mobileye listed in 2014 on the New York Stock Exchange, where its market cap is $10.6 billion. Goldman Sachs invested $130 million in the company in 2007.