(NewsNation) — Softbank CEO Masayoshi Son announced a $100 billion investment in the U.S. on Monday.
Son appeared with President-elect Donald Trump at a press conference at Mar-a-Lago where he announced the investment, similar to one he made during Trump’s first administration.
The billionaire investor and founder of a Japanese tech investment firm promised to create 100,000 jobs focused on artificial intelligence and tech infrastructure, according to reporting from CNBC. The money will be deployed over the coming four years and will come from various sources controlled by Softbank.
During the rambling question and answer portion of the conference, Trump said he believes the government know what the drones sighted above New Jersey are but are not telling the American people.
He joked with reporters that he would not be staying at his Bedminster, New Jersey, golf course in the near future given the situation.
Trump also defended his proposal for tariffs, vowing they would make the country rich and pushing back against reporters questioning the impact that tariffs could have on inflation and the stock market.
The president-elect announced that companies that invest $1 billion in the U.S. economy will be eligible for expedited permits and approvals.
Trump also touched on familiar talking points from his campaign during the press conference, promising to bring an end to wars, get rid of 10 regulations for every one regulation imposed and talking about the border wall.
Addressing an upcoming TikTok ban, Trump said he had a “warm spot in his heart” for the app, talking up younger voters who use it and said that his team was “taking a look” at the ban.
When asked about his Health and Human Services nominee Robert F. Kennedy, Jr.’s position on vaccines, Trump appeared to offer some support for the disproven theory that vaccines are linked to autism and opposed vaccine mandates, though he did express support for the polio vaccine. Kennedy has been linked to efforts to have the FDA revoke approval for the polio vaccine.
Trump also said that senators who oppose his nominees in a way that is “unreasonable” should be primaried but not those who have fair objections. He went on to defend one of his more controversial nominees, Fox News commentator Pete Hegseth, who has been nominated for Secretary of Defense.
Another idea Trump floated was privatizing the postal service, something that has long been a controversial idea in government. Many rural Americans and seniors rely on the USPS to deliver not just mail but medications.
