APLD Applied Digital Corporation $9.65 0.13(+1.37%)9:42 AM 07/15/25 NASDAQ |$USD |Realtime We own with Big Pete I liked it better when it was $12.
Langone said the same thing in 2018. Wrong twice? In an interview with the Financial Times, Langone decried Trump’s tariffs as too large, imposed too hastily, and based on an incoherent mathematical formula. Here are is views as of April 9th THIS YEAR Langone told the FT that he thought Trump was “poorly advised.” He questioned the math used by the White House to calculate the “reciprocal tariffs” Trump announced on April 2. “I don’t understand the goddamn formula,” he said. “I believe he’s been poorly advised by his advisors about this trade situation — and the formula they’re applying.” Focusing on how the formula produced a 42% tariff on goods from Vietnam, he called that figure “bulls—. ... Forty-six percent on Vietnam? Come on! You might as well tell them, ‘Don’t even bother calling.’” He also called the 34% tariff on China “too aggressive, too soon.” He spoke before Trump threatened to add another 50% to tariffs on goods from China if it pursued plans to retaliate with higher tariffs on U.S. goods. Langone is not alone in questioning the April 2 formula. Because of a definitional error, according to economists Kevin Corinth and Stan Veuger of the conservative American Enterprise Institute, the formula yielded tariffs that are roughly four times too high. The proper rate for Vietnam, they calculated, should be 12.2%, not 46%.
As a billionaire backer of Trump I am not surprised that he views Trump in a positive light. But as more and more home depots run into trouble his tune will change.
One thing alot of people forget is Trump used tariffs in his first term. And the consumer paid for them. This time around I feel it will be a combo consumer and the business with the double negative being margin contraction and lower EPS gains for business and less buying from consumers. a classic stagflation set up./
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None of this counts of course... since he likes Trump now and says he may be one of the greatest Presidents ever: Philanthropy Langone and his wife were early signatories to The Giving Pledge.[32] Langone has donated $300 million to the NYU School of Medicine and NYU Medical Center (later named NYU Langone Health in his honor);[32] this includes a $100 million pledge in 2018 toward a $450 million program to make tuition free for all medical students at the NYU School of Medicine.[32][36] Langone has been a member of the boards of trustees of NYU Langone Health, the Harlem Children's Zone, the Robin Hood Foundation, and the Center for Strategic and International Studies.[32] He was a member of the Bucknell University board of trustees from 1981 to 1996;[32] he and his wife gave $11 million to the university in 1999, to fund a new athletics center,[37] and approximately $42 million to the university between 2013 and 2017.[38] In 2019, he donated over $5 million to the Animal Medical Center in New York City.[39] Awards and Honors In 2024, Langone received the Golden Plate Award of the American Academy of Achievement.[40]
Me too! Love me some Nikki. i don't know if it's a character flaw or just something you have to do at a certain price point but first Ken supported Trump, then Nikki then he said Trump was great then he knocked Trump for his economics and then he said Trump's great again.. sounds like someone torn. But money speaks and he has been giving to trump and Republicans.