Good Morning. This is the Investor Lookout with the daily digest.

Here’s what we got today:

• 💸 Trump Transfers $4 Billion DJT Shares Into Trust Managed By Son

• 🚗 NIO Targets Mini with Lower-Cost Firefly EV

• 🤖 Italy Slaps OpenAI with €15M Fine Over ChatGPT

Trump Transfers $4 Billion DJT Shares Into Trust Managed By Son

When in doubt, transfer it to the family trust. Donald Trump has transferred roughly $4 billion worth of Trump Media & Technology Group ($DJT) shares into a trust controlled by his eldest son, Donald Trump Jr. This shift gives Trump zero direct shares while making him the trust’s sole beneficiary. The move follows his 2017 approach of placing assets in a family-run trust rather than selling. Trump was the largest TMTG shareholder, holding nearly 115 million shares before the transfer. On Friday, Trump Media & Technology Group traded 4.6% lower.

• TMTG's valuation once briefly passed $10 billion as investors bet on Trump's reelection.

• US presidents are not legally required to sell their assets, though they usually do so.

NIO Targets Mini with Lower-Cost Firefly EV

NIO’s new Firefly just might bug BMW’s Mini for market share. NIO ($NIO) introduced its Firefly brand in China, pricing cars from 148,800 yuan ($20,394). The new model targets BMW’s ($BMW) Mini and Mercedes’ ($DAII) Smart, showcasing a compact 4.7m turning radius. CEO William Li touted it as “smarter than Mini,” with colors varying from lavender to lemon. Pre-sales start immediately, while an official launch is slated for April. Analysts remark that new European tariffs could challenge Firefly’s EU prospects. NIO’s broader plan aims to double sales by 2025 and achieve break-even in 2026, though executives say growth is two years behind schedule.

• Firefly will face local challengers such as BYD's ($BYDDY) Seal and Xpeng's ($XPEV) Mona.

• European regulators imposed an extra 20% tariff on Chinese-made EVs for five years.

Italy Slaps OpenAI with €15M Fine Over ChatGPT

Looks like ChatGPT just got a crash course in European privacy rules. Italy’s data protection authority fined OpenAI €15 million after concluding ChatGPT processed user data without valid legal grounds. Investigators found the AI app lacked transparency in how personal data was used and failed to keep under-13s off the platform. OpenAI called the penalty “disproportionate” and said it plans to appeal. The fine size factored in OpenAI’s cooperative stance, suggesting it could have been higher. The watchdog also ordered a six-month public awareness campaign on ChatGPT’s data collection practices.

• Under the EU’s GDPR, fines can reach up to 4% of global turnover.

• OpenAI says the charge is nearly 20 times its Italy revenue for the relevant period.

#1

Investors should closely watch how decision-making and share prices respond to the ownership change.

#2

NIO signals intensifying EV competition. Investors should track how market share is distributed among these companies.

#3

Regulatory scrutiny can raise costs and uncertainty for AI companies, which in turn can trigger strategic moves

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