Trump Pushes for Peace Summit With Putin and Zelensky
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After the handshakes and smiles in Washington, more question marks remain over how to achieve peace in Ukraine. Plus, SoftBank says it's investing $2 billion in chipmaker Intel and the cost of being a parent. We kick off our series looking at the financial challenges of having a family.
There absolutely is a sense of trade-offs in a number of the families that I've spoken to. But at the same time, many of these are people who are really committed to the idea of having a big family and loving kids.
It's Tuesday, August 19th. I'm Azhar Sukri for The Wall Street Journal. Here is the AM edition of What's News, the top headlines and business stories moving your world today. The path toward peace in Ukraine remains uncertain today, with President Trump now calling for a summit between the leaders of Russia and Ukraine as part of the US-led push to end the war. At the White House, Ukrainian President Volodymyr Zelenskyy and a host of European leaders pushed Trump to drive a hard bargain with Russian President Vladimir Putin just three days after the two leaders held a friendly meeting in Alaska. The Kremlin said only that a meeting between senior Ukrainian and Russian negotiators had been discussed.
The details of how Ukraine's allies would protect the country from any future Russian aggression following a halt in fighting... are also up in the air. Speaking on Fox News' The Ingram Angle, NATO Secretary-General Mark Rutter said one proposal is for the US and European nations to provide Ukraine a guarantee that they would intervene, effectively a version of NATO's Article 5 on collective security.
What we are discussing here is not NATO membership. What we are discussing here is Article 5 type of security guarantees for Ukraine and what they exactly will entail will now be more specifically discussed.
According to our reporting, Trump and European leaders agreed that Secretary of State Marco Rubio will lead a task force of national security advisers and NATO officials to draft security assurances for Ukraine. The White House declined to comment, while a spokesman for Rubio didn't immediately respond to a request for comment. Also in Washington, German Chancellor Friedrich Merz underlined the importance of a ceasefire before any future summit.
A real negotiation can only take place at a summit in which Ukraine itself also participates. Such a summit is only conceivable if the weapons fall silent. I reiterated this demand today.
What happened at the Oval Office meeting and why does Trump propose a three-way summit with Putin and Zelensky?
According to European officials, Zelensky made a series of proposals to Trump, including the purchase of about $100 billion worth of American weapons and equipment, with financing help from European partners. The official said Trump responded favourably, but emphasised NATO members would have to foot the bill. Japanese tech investment giant SoftBank has agreed to invest $2 billion in chipmaker Intel, mounting to a roughly 2% stake. It comes as the Trump administration is also discussing the possibility of taking its own 10% financial stake to revive the company's fortunes and help bolster semiconductor manufacturing in the U.S., Investors in Intel expressed confidence in the move, with the chipmaker's shares popping more than 5% in off-hours trading.
SoftBank shares fell 4% in Tokyo. S&P Global Ratings has affirmed its credit ratings for the US, saying it expects revenue from President Trump's tariffs to offset the expected fiscal hit from his recent tax and spending bill. The credit ratings company maintained the US's AA-plus long-term credit rating and kept the outlook stable.
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