Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Xiaomi was included in the U.S. government’s blacklist last year during Donald Trump’s leadership. The Chinese electronics company suffered big losses after it was banned in the country.
Trump’s administration cited national security threats as the reason for blacklisting Xiaomi. Many Chinese firms were banned as the government believes they may have connections with the Chinese military. American business dealings with the company have been prohibited, and this sent Xiaomi’s shares spiraling down.
U.S. and Xiaomi to resolve the case
Reuters reported that nearly a year after Trump blacklisted Xiaomi, the U.S Department of Defense will now delete the Chinese smartphone maker from the government blacklist. This decision was stated in a court filing that reopened the path for future American investments in Xiaomi.
In the filing, it was also revealed that all the parties agreed to resolve their ongoing legal dispute without further contest. This arrangement effectively put an end to the controversial flare-up between the White House and the Chinese tech firm.
It can be recalled that Xiaomi filed a lawsuit against the U.S. and demanded the ban be lifted. The company also denied having any form of ties with the army in China. It also described the government’s move to blacklist the firm as "unlawful and unconstitutional." Now, with the agreement, it is understood that this legal case would be dropped as they resolve the issues.
Xiaomi’s shares surge following the blacklist removal news
As per CNBC, the news of the U.S. move to pull out Xiaomi from the blacklist sent its shares up. It reportedly rallied to more than six percent after Washington agreed to remove it from the blacklist record.
The U.S. Department of Defense already received a “final order vacating” Xiaomi’s label as a Communist Chinese Military Companies or CCMC. The court said on Tuesday that deleting the phone maker's name in the list is appropriate.
Finally, Xiaomi and the DOD will not start the negotiations to reach agreements on “specific terms of the order.” The parties need to submit a joint proposed order to the court on or before May 20.
