President-elect Donald Trump announced plans to rename the “Gulf of Mexico” to the “Gulf of America,” calling it a “beautiful” and “appropriate” name. This announcement came alongside a major foreign investment plan, with billionaire Hussain Sajwani pledging $20 billion to build new data centers in the U.S., which could increase even further.

Trump also criticized President Joe Biden’s executive order banning new oil and gas drilling in federal waters, vowing to reverse it immediately upon taking office. He promised to restore 620 million acres of offshore drilling and other pro-oil policies.

Additionally, Trump highlighted SoftBank’s $100 billion investment in the U.S., which will create 100,000 jobs. SoftBank CEO Masayoshi Son attributed the investment to his confidence in Trump’s leadership, with Trump playfully encouraging Son to double the investment. These moves reflect Trump’s focus on strengthening the U.S. economy and reducing inflation during his second term.