Trump Announces $20 Billion Data Center Investment and Regulatory Changes

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President-elect Trump addressed the nation, announcing a $20 billion investment in data centers across the US from DAMAC Properties. He also outlined plans to expedite approvals for companies investing $1 billion or more in the country. Trump criticized current regulations and pledged to reverse President Biden's bans on new oil drilling.

President-elect Trump addressed the nation for the first time since the certification of his November election victory on Tuesday. Trump held a press conference at his Mar-a-Lago home just one day after Congress and Vice President Kamala Harris certified his electoral college victory. Trump took the opportunity to announce $20 billion in new data centers across the country. Trump says the $20 billion will come over a 'short period of time' from DAMAC Properties.

Trump also said his administration would adopt a policy of expediting approvals for any company seeking to invest $1 billion or more in the U.S. He said that many international companies view U.S. regulations as a 'quagmire.

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