Trump Heads to China, SoftBank Profit Jumps on OpenAI Bet | The Opening Trade 5/13/2026

Trade negotiators led by US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng held talks in Seoul to prepare for this week’s summit between the leaders of the world’s two biggest economies. The outcome of their meeting on Wednesday will set the stage for Donald Trump’s summit with his Chinese counterpart, Xi Jinping, on May 13-15 — the first visit by a US president to Beijing in nearly a decade. It was delayed from March due to the Iran war. SoftBank Group reported a surge in quarterly profit due to valuation gains on its OpenAI investment, boosting confidence at the Japanese company to bet even more on the ChatGPT maker. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)