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☆ DEI, explained: What’s the term Republicans are using to attack Kamala Harris?
▼ + stars: | 2024-07-24 | by ( Nicquel Terry Ellis | ) edition.cnn.com time to read: +14 min

Critics say DEI programs are discriminatory and attempt to solve racial discrimination by disadvantaging other groups, particularly White Americans. These diversity training efforts emerged around the time that affirmative action began by executive order from President John F. Kennedy. Despite the backlash against DEI programs and initiatives, many companies are standing firm in their support for DEI. And 71% of people surveyed said they think DEI training is important to “creating a positive workplace culture.”What does DEI look like at work? Thrivent’s DEI training teaches employees how to understand and bridge cultural differences in the workplace, Baker said.

Persons: Kamala Harris, Tim Burchett, CNN’s Manu Raju, Joe Biden, Harris, ” Burchett, CNN’s Wolf Blitzer, Susan Rice, “, ” Rice, didn’t, Bill Ackman, Elon Musk, it’s, Daniel Oppong, ”, Lyndon Baines Johnson, George Floyd’s, Dominique Hollins, WĒ360, John F, Kennedy, Ronald Reagan, Hollins, ” Hollins, Ipsos, ” Kelly Baker, Thrivent’s, Baker, Thrivent, ” Baker, Ella Washington, ” Washington, Washington, Christopher Rufo, Ryan P, Williams, ‘, ” Williams, Tesla, ” Musk, Musk, Mark Cuban, ” What’s, Ron DeSantis, Republican State Sen, Dave Murman, Sen, Danielle Conrad, ” Conrad, ” CNN’s Athena Jones Organizations: CNN, Democratic, Tennessee Republican, Chronicle, Higher Education, Pew Research Center, Elon, White, Equity, Civil, DEI, Opportunity Commission, Academy of Management Learning, Education, Colleges, Minneapolis police, Companies, College, University of Florida, of Governors, Georgetown University’s McDonough School of Business, Georgetown’s, Student Equity, Disability, Center, Women’s Center, Resource Center, Center for Multicultural Equity, “, Manhattan Institute, New York Times, Claremont Institute, SpaceX, Musk, SEC, Dallas Mavericks, Florida Gov, Higher, Republican State, Nebraska, Nebraska Democratic Locations: Black, Texas, Florida, U.S, Washington, America, ” Cuban, Texas, North Dakota, North Carolina , Tennessee, Utah, Nebraska

☆ Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
▼ + stars: | 2024-07-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Specifically, he asked: "Should Tesla invest $5B into @xAI, assuming the valuation is set by several credible outside investors? Tesla reported second-quarter earnings that fell shy of analysts expectations for the fourth consecutive quarter, and declining revenue in its core automotive segment. During the Tuesday earnings call, shareholders asked Musk whether Tesla might invest in xAI and integrate xAI's software, named Grok, into its vehicles. Musk replied, "Tesla is learning quite a bit from xAI. The $5 billion number did not come up until Musk posted the poll after the call.

Persons: Musk, Elon Musk, —, Tesla's, Tesla, It's, I'm, Grok Organizations: Cannes Lions, SpaceX, The Boring Company, X Corp, Tesla, CNBC Locations: Tesla's Texas, xAI

☆ Chinese EV stocks drop after Tesla's earnings miss, General Motors delays EV plans
▼ + stars: | 2024-07-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

(Photo by Costfoto/NurPhoto via Getty Images)Shares of major Chinese electric vehicle companies dropped Wednesday after U.S. giant Tesla 's earnings fell short of analysts' estimates and General Motors delayed its EV plans. EV hype has been dwindling, as automakers from Tesla to General Motors scale back or delay their EV plans. Tesla shares closed 2.04% lower. Separately, General Motors on Tuesday said it was delaying further a second U.S. electric truck plant and the Buick brand's first EV. Investors were spooked by the pullbacks in growth businesses and General Motors' shares closed 6.42% lower on Tuesday despite solid financial results.

Persons: Tesla, Xpeng, Nio, Li Auto, Elon Musk, Musk Organizations: 21st Changchun International Automobile, Getty, U.S, General Motors, EV, Zhejiang Leapmotor, SAIC, Motors, Buick, Investors Locations: Changchun, Jilin province, China, Hong Kong, BYD, Zhejiang, U.S, Xpeng

☆ Tesla shares fall 7% in premarket trading after earnings miss
▼ + stars: | 2024-07-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTElon Musk, CEO of Tesla. Antonio Masiello | Getty ImagesTesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business. Elon Musk's electric vehicle firm reported that automotive revenue dropped 7% year-on-year in the June quarter to $19.9 billion while its adjusted earnings margin also declined. Tesla shares are nearly 1% lower this year to date, while the S&P 500 has risen more than 16%. Musk envisions a world in which owners can authorize their Tesla vehicle to be used as part of an Uber-style ride-hailing service — and where the cars would drive autonomously.

Persons: Elon Musk, Tesla, Antonio Masiello, Musk, Robotaxis Organizations: Elon, Bulls Locations: U.S, China

☆ Tesla tanks 13% after earnings, dragging other EV stocks lower
▼ + stars: | 2024-07-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Tesla's stock dropped as much as 13% on Wednesday after reporting weak second-quarter earnings. AdvertisementTesla stock tumbled as much as 13% on Wednesday after the company's second-quarter results offered limited reassurance to eager investors. It marked the fourth straight quarter Tesla has fallen short of analyst forecasts. The taxi's unveiling, seen by many on Wall Street as a major AI-driven catalyst for Tesla, was originally scheduled for next month. "Tesla's muddling through the EV recession," Morgan Stanley analyst Adam Jones wrote, citing a quarter-over-quarter drop in capital expenditures.

Persons: Tesla, —, Elon Musk, Morgan Stanley, Adam Jones, Nikola, Dan Levy, Tesla's, Cantor Fitzgerald, Andres Sheppard, Gene Munster, Dan Ives, Sheppard Organizations: Service, EV, General Motors, Buick, Barclays, Deepwater Asset Management, Wedbush Securities, Tesla

☆ Tesla's still not making big profits and probably won't for years — but analysts and investors still love it
▼ + stars: | 2024-07-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "There are other companies that are $3 trillion market caps — I think Tesla can be in that league," he said. AdvertisementAnother analyst sees Tesla's recent price hikes as a good sign. Ron Jewsikow, a Guggenheim analyst, said on CNBC that he is not worried about whether Tesla will be able to deliver its Robotaxis. AdvertisementIn China, Apollo, which is owned by Baidu, is offering rides for just over 10 cents a mile, Jewsikow said.

Persons: —, Tesla, Cybertruck, Elon Musk's, I'm, Gene Munster, Munster, Optimus, Tasha Keeney, it's, Price, Tesla optimist Daniel Ives, Ron Jewsikow, He's, Jewsikow Organizations: Service, Investors, Business, Deepwater Asset Management, CNBC, ARK Invest, Tesla optimist, Guggenheim, Baidu Locations: China

But all that attention isn’t translating into success at Musk’s core business, as Tesla reported another sharp drop in quarterly profit that has spooked investors. Shares in Tesla are down sharply premarket on the company’s results. That’s despite Tesla cutting costs and laying off more than 10 percent of its global work force. Among the troubles bedeviling the company are sluggish consumer demand and a price war with competitors that has dented profits. Tesla sold $890 million worth in the quarter, three times the figure in 2023.)

Persons: Tesla’s doldrums Elon Musk, Donald Trump —, Tesla

☆ Elon Musk doubles down on Tesla's Dojo supercomputer, aiming to compete with Nvidia
▼ + stars: | 2024-07-24 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk is barrelling full steam ahead on Dojo — Tesla's supercomputer project and attempt at competing with AI chip superstar Nvidia. Musk acknowledged he is "quite concerned" about Tesla's inability to access the top-tier Nvidia graphics processing units, or GPUs, because of skyrocketing demand for microprocessors within the tech sector. "We do see a path to being competitive with Nvidia with Dojo," Musk said. While the tech company has only become a household name in the last year, Nvidia has been working on its signature chips for years. "We've really got to make Dojo work," Musk said during the call.

Persons: —, Elon, Musk, Tesla, Stephen Witt Organizations: Service, Nvidia, Business, didn't, Dojo, NPR, Yorker, CNBC, Mizuho Securities

☆ Tesla earnings call live updates: Elon Musk's EV maker to report quarterly earnings today after market close
▼ + stars: | 2024-07-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Tesla is set to report second-quarter earnings after the closing bell on Tuesday. Wall Street is more bullish after Tesla reported better-than-expected deliveries for the second quarter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla investors are eagerly awaiting the company's second-quarter results as they look for signs that the strongest headwinds have passed after a tough start to the year. The carmaker is set to report financials for the second quarter on Tuesday after the closing bell.

Persons: Tesla, —, Elon Musk Organizations: Service, Elon, Business

☆ Tesla’s Profit Fell 45% in the Second Quarter on Weak E.V. Sales
▼ + stars: | 2024-07-23 | by ( Neal E. Boudette | ) www.nytimes.com time to read: 1 min

Tesla on Tuesday reported a significant drop in profit in the three-month period between April and June, a result of the electric car company’s sluggish sales. The automaker said it earned $1.5 billion in the second quarter of the year on revenue of $25.5 billion. In the second quarter of 2023, Tesla made $2.7 billion and had revenue of $24.9 billion. The company’s current operating profit margin, a measure of how much money it makes on every dollar of revenue, was 6.3 percent, compared with 9.6 percent in the same period a year ago. The results will most likely heighten pressure on Tesla and its chief executive, Elon Musk, to show that the company can find new ways to grow and make money.

Persons: Tesla, Elon Musk

As Tesla CEO Elon Musk continues to make lofty promises about his company's future in autonomous driving and robotics, investors keep watching profit margins deteriorate. It's the fourth straight quarter of shrinkage. The company reported just $1.48 billion in net income on revenue of $25.5 billion, which included $890 million in regulatory credits. "Affordability remains top of mind for customers," said Vaibhav Taneja, Tesla's chief accounting officer, on the company's earnings call. Tesla began offering a five-year, zero interest loan offer to spur sales of its EVs in China in April.

Persons: Elon Musk, Tesla, Vaibhav Taneja Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Nasdaq Locations: Beverly Hills , California, China, CnEVPost, Shanghai, Germany

☆ Tesla hits after-hours lows, Musk postpones robotaxi unveiling to October
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla hits after-hours lows, Musk postpones robotaxi unveiling to OctoberGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk the Tesla investor call and how he is taking the earnings results.

Persons: Gene Munster Organizations: Deepwater Asset Management

☆ Tesla reports earnings after the bell. Here's what Wall Street has to say
▼ + stars: | 2024-07-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Analysts expect Tesla to post 62 cents in earnings per share on $24.77 billion in revenue. Although the revenue estimate is slightly higher than the $21.30 billion Tesla posted in the first quarter, the earnings forecast is 30% below the previous year. Last quarter, Tesla reported adjusted earnings of 45 cents per share on a 9% decline in revenue to $21.30 billion compared with the fourth quarter. Evercore's Chris McNally also sees further downside to Tesla shares. Jonas holds a $310 price target on Tesla shares, indicating 23% potential upside from Monday's close.

Persons: Tesla, Elon Musk, Ronald Jewsikow, Jewsikow, Dan Levy, Levy, Chris McNally, McNally, Wells, Colin Langan, Langan, Joe Biden's, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom Organizations: Barclays, Tesla, U.S, Trump Locations: Monday's, Wells Fargo

☆ Tesla shareholders are pressing Musk to release new models
▼ + stars: | 2024-07-23 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Tesla shareholders really want the company to release new vehicles. Elon Musk has teased a variety of new EVs, but it is unclear when they will be released. AdvertisementTesla shareholders want Elon Musk to roll out new vehicles. Retail investors are submitting questions in an anonymous Q&A forum for Elon Musk and other executives to answer in Tuesday's earnings call, and many of them are asking when Tesla plans to release new EVs. One shareholder requested updates on the status of a revamped Tesla Roadster, which Musk has teased will be a SpaceX-Tesla collaboration complete with rocket tech.

Persons: Q, Elon Musk, —, Elon, Tesla, Musk Organizations: Service, Elon, Tesla Roadster, SpaceX

☆ A funny AI video tweeted by Elon Musk risks Xi Jinping's wrath as Tesla rakes in China revenues
▼ + stars: | 2024-07-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Elon Musk tweeted a parody video of an AI fashion show that featured him, Bill Gates, and other prominent figures. And Xi Jinping was featured in a robe designed with a cartoon bear suspiciously like Winnie the Pooh. Xi was featured for only two seconds, but the video is a risky post given Tesla's operations in China. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Monday, Elon Musk tweeted an AI-generated video of the world's biggest figures sashaying down the aisle of a fashion show.

Persons: Elon Musk, Bill Gates, Xi Jinping, Pooh, Xi, —, Tesla Organizations: Service, Business Locations: China, Shanghai

☆ Unsealed deposition with Elon Musk's righthand man reveals new details about their working relationship
▼ + stars: | 2024-07-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Previously sealed court documents provide insight into Elon Musk's righthand man, Jared Birchall. In a deposition for Twitter's lawsuit against Musk, Birchall describes his relationship with the Tesla CEO. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEver wondered what it's like to serve as Elon Musk's righthand man? A trove of previously unreleased documents related to Musk's legal battle with Twitter provides a peek into Musk's working relationship with Jared Birchall, a former banker who runs the billionaire's family office.

Persons: Elon Musk's, Jared Birchall, Musk, Birchall, —, Aaron Greenspan Organizations: Service, Elon, Twitter, Chancery, Business Locations: Delaware

☆ Tesla set to report second-quarter earnings after the bell Tuesday
▼ + stars: | 2024-07-23 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla is set to report second-quarter earnings after the bell on Tuesday. Although Tesla reported vehicle deliveries of 443,956 in the second quarter, a 4.8% decline from the year-earlier period, those numbers were better than analysts had expected. But Musk and his stalwart Tesla bulls and broader fan base have ambitions for the EV maker beyond making and selling cars. In 2021, Musk also began to promise that Tesla would develop and produce humanoid robots capable of factory work, at least. Tesla "deliveries" are not an audited financial metric, but are the closest approximation to sales reported by the company.

Persons: Elon Musk, The Beverly Hilton, Tesla, Elon, Musk, Donald Trump, InsideEVs Organizations: SpaceX, Tesla, The Beverly, LSEG, PAC, Trump, Republican, Pew Research, Democratic, Cox Automotive, Boring Company, X Corp, CNBC Pro Locations: Beverly Hills , California, U.S

☆ Why Elon Musk is voting for the Republican party
▼ + stars: | 2024-07-23 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewSince the attempted assassination of former President Donald Trump, Elon Musk has vowed support for the Republican party and created a super PAC to fund the campaign. Up until the shooting, Musk repeatedly said he was undecided about who to vote for, despite several meetings with Trump. AdvertisementThe billionaire said he used to consider the Democratic party "the party of meritocracy," "personal freedom," and "free speech." "You really have to take an active role in reducing the number of laws and regulations," Musk said in the interview. "So I vowed to destroy the woke-mind virus after that," Musk said in the interview.

Persons: —, Donald Trump, Elon Musk, Jordan B, Musk, it's, I've, Trump Organizations: Service, Republican, Twitter, Peterson, Democratic, Business, Trump, Biden Administration, SpaceX Locations: Russia, China, North Korea

☆ French aerospace company sees surge in U.S. applicants after SpaceX relocation news: 'Come to Europe and we'll help you'
▼ + stars: | 2024-07-23 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Latitude, a French aerospace company based an hour outside Paris, is getting a surge of applications from American engineers after Elon Musk said he would relocate SpaceX headquarters from California to Texas. Those job seekers work at SpaceX, Blue Origin, Lockheed Martin, Tesla and other companies related to the aerospace industry, the spokesperson tells CNBC Make It. He says the message wasn't a takedown of Musk or SpaceX, which Maximin refers to as one of "the best engineering companies in the world." Rather, he says, "if you're not happy where you are, if you want different things, you can come to Europe, and we'll help you." "We have done it multiple times over," Maximin says, adding that his company has "the full support of French authorities" to make the relocation happen quickly.

Persons: Elon Musk, Lockheed Martin, Tesla, Musk, Stanislas Maximin, Rather, Joe Biden, Donald Trump, Maximin Organizations: Elon, SpaceX, Lockheed, CNBC, U.S Locations: French, Paris, California, Texas, U.S, Hawthorne , California, Starbase , Texas, Europe

☆ Russian lawmakers seek to punish troops using smartphones on Ukraine battlefields
▼ + stars: | 2024-07-23 | by ( Christian Edwards | Anna Chernova | ) edition.cnn.com time to read: +3 min

CNN —Russia’s lower house of parliament has proposed punishing Russian soldiers caught using smartphones while fighting in Ukraine, state media TASS reported, amid growing concerns that electronic devices can reveal troops’ location on the battlefield. According to a draft law supported by the State Duma Committee on Defense, carrying internet-connected cell phones whose data can identify Russian troops or the location of forces will be classified as a “gross disciplinary offense” punishable by up to 10 days of arrest. Both Russian and Ukrainian militaries have reportedly used enemy cell phones to identify targets during the war, scraping data from photos and messages to track coordinates and launch attacks. Although the Kremlin has acknowledged the risks posed by soldiers carrying cell phones, Russian military bloggers have criticized the draft law, claiming it shows the Duma’s lack of understanding of the nature of modern warfare. Russian soldiers are already banned from publicly distributing information that could reveal the identity or location of military personnel.

Persons: United Kingdom –, Elon, ”, let’s Organizations: CNN, TASS, State, Defense, Ukraine’s Security, Russia’s Defense Ministry, Kremlin, Veteran Records, Duma, Federation Council Locations: Ukraine, United States, Australia, Canada, New Zealand, United Kingdom, Ukrainian, Makiivka

☆ Between Attacks on Electric Cars, Trump Says They’re ‘Incredible’
▼ + stars: | 2024-07-23 | by ( Lisa Friedman | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump has spent years ridiculing electric vehicles, saying they don’t go far, are too expensive and are made in China. He has promised to end federal support for electric vehicles, a central feature of President Biden’s strategy to cut the carbon dioxide that is heating the planet. But in recent months, Mr. Trump has been saying some nice things about E.V.s. While he still throws some shade on electric vehicles, in the same breath he also tells crowds that he likes them. On Saturday, he went further, telling a rally in Grand Rapids, Mich., “I’m constantly talking about electric vehicles but I don’t mean I’m against them.

Persons: Donald J, Trump, Biden’s, “ I’m, I’m, “ I’ve, they’re, Elon Musk, Tesla, Musk, “, Mr, ” Organizations: Mr, Elon Locations: China, Grand Rapids, Mich, Palm Beach, Fla

☆ Tesla is making money off cars its competitors aren't selling
▼ + stars: | 2024-07-23 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Some of Tesla's $25.5 billion in second-quarter revenue came from the cars competitors didn't sell. Tesla, which sells only electric vehicles, always has an excess of credits. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla's record second-quarter revenue was partly driven by something unusual: all the electric vehicles its competitors didn't sell.

Persons: — Organizations: Service, Elon, Business

☆ Why Trump shouldn't be president, according to Elon Musk's old tweets
▼ + stars: | 2024-07-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

But the mercurial billionaire was once a skeptic — and very vocal about why he thought Trump shouldn't govern the US. Back in July 2022, Musk criticized Trump after the former president called him a "bullshit artist" during a rally in Alaska. Musk later said in a follow-up post the same day that having Trump as president would result in "too much drama." Musk would go on to host DeSantis' campaign launch on X in May 2023, which was riddled with technical glitches and delays. The pair got closer this year, eventually culminating in a full-throated endorsement of Trump from Musk after Trump survived a failed assassination attempt on July 13.

Persons: —, Elon, Donald Trump's, Trump, Musk, Ron DeSantis, DeSantis, Reid Hoffman, Vinod Khosla, Vance, Vinod, Vance LFG, Jordan Peterson, it's, we've, @jordanbpeterson Organizations: Service, Business, Trump, Gov, Biden, Musk, Democratic Party, Republican Party, BI Locations: Alaska, Florida, United States of America, Gigafactory Texas

☆ How the hedge fund superstar went extinct
▼ + stars: | 2024-07-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

But for now, we're examining how the hedge fund superstar has gone extinct . The big storySo long, superstarGetty Images; Alyssa Powell/BIWhere have all the hedge fund superstars gone? AdvertisementIn years past, even rubbing shoulders with a legendary hedge fund manager was enough for aspiring fund managers to raise capital. Meanwhile, the hedge fund industry has also evolved. Aaron Weiner, a 31-year-old from Coatue, got a multibillion-dollar check from Millennium for his to-be-launched hedge fund .

Persons: —, Kamala Harris, Harris, Alyssa Powell, Insider's Linette Lopez, Julian Robertson, Griffin's, Izzy Englander's, Goldman Sachs, Jared Siskin, Bobby Jain, it's, Aaron Weiner, Jonathan Xiong's, Maja Hitij, Carl Godfrey, Apple, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democratic, Democratic Party Convention, Business, Getty, Management, Goldman, Madison, Park Conservancy, Citadel, Credit Suisse, Jain, ExodusPoint, Investment Partners, Blackstone, Elon Musk's, Big Tech, Bank of America, BI Founders, Forge, Apple, Google, General Motors Locations: Venture, Wall, Park, Coatue, Miami, London, New York

☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Persons: —, Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London

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