Market View: Amazon plans to spend US$200B on AI build-out this year; Trump unveils TrumpRx discounted drugs website; Trump administration to end job protections for up to 50,000 federal workers; Intel, AMD reportedly notify customers in China of lengthy waits for CPUs; CapitaLand Integrated Commercial Trust, NIO, Yangzijiang Shipbuilding to watch

Singapore shares fell today as investors continue to mull a selloff in US tech stocks overnight. The Straits Times Index dropped 0.7 per cent in the first 30 minutes of trading, with most counters opening in the red. In terms of counters to watch, we have Nio, after the electric vehicle maker projects to record its first-ever quarterly adjusted operating profit for the quarter ended Dec 31. Elsewhere, from how US President Donald Trump unveils TrumpRx discounted drugs website and what the move means for major pharmaceutical players, to how Intel and AMD have reportedly notified Chinese customers of supply shortages for server central processing units, more international and corporate headlines remained in focus. Also on deck, how Amazon said it plans to spend US$200 billion this year on data centres, chips and other equipment. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS. See omnystudio.com/listener for privacy information.