The $500bn figure, spread over Trump’s second term in office, includes regular spending on thousands of US suppliers, data centres and corporate facilities, as well as new initiatives such as an academy in Michigan “to train the next generation of US manufacturers”.

Apple (AAPL) announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the U.S. over the next four

First, the company shifted away from the “SE” branding after nearly a decade. Then it priced the budget phone higher than expected at $599 – a notable jump from the $429 iPhone SE.

By ditching the SE name for its latest iPhone, Apple could be signaling that it’ll update its most affordable phone on an annual basis, an industry heavyweight suggests.