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☆ Airlines' wild 2024: From Boeing troubles to a bankruptcy and a merger
▼ + stars: | 2024-12-26 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +12 min

It’s been another eventful year for U.S. air travel. Two weeks later, a federal judge blocked JetBlue Airways’ planned purchase of Spirit Airlines, leaving the smaller, battered budget carrier to fend for itself. Through it all, demand for air travel overall smashed records, and CEOs are optimistic about next year, too. It cost Delta Air Lines more than $500 million and left thousands of stranded customers, with a cancellation tally that topped all of 2019. Travelers wait in the baggage area to check with Delta Airlines representatives at the Detroit Metropolitan Wayne County Airport on July 20.

Persons: It’s, Barack Obama, Mike Whitaker, Donald Trump, Delta, United —, Joe Raedle, Ed Bastian, Delta’s, Martin, Paul Rudd, Elon Musk, Scott Kirby, he’s, Kelly Ortberg, Bob Jordan’s, Gary Kelly, Vasu Raja, Joanna Geraghty, Marty St, George, Max 9s, Barry Biffle, Greg Anderson, Mike Linenberg, ” Organizations: Boeing, Max, Alaska Airlines, JetBlue Airways ’, Spirit Airlines, U.S, Federal Aviation Administration, Airline, Airlines, Delta Air Lines, Microsoft, Delta Airlines, Detroit Metropolitan Wayne County Airport, CNBC, Delta, Delta Sky, Sky Clubs . United, United Airlines, Elon, JetBlue, Southwest, Elliott Investment Management, American Airlines American Airlines, Citi, Barclays, US Airways . Spirit Airlines, Pratt, American Airlines, Frontier, JetBlue Airways, Spirit, Mint, NTSB, AFP, Getty, Hawaiian Airlines, Virgin America, Seattle —, Asia . Frontier Airlines, Allegiant Airlines, Sun, Amazon, Deutsche Bank, NBC Locations: Portland , Oregon, U.S, New York, Los Angeles, Boston, Sky Clubs . United Airlines, Mongolia, Greenland, Spain, Delta, Dallas, Italy, Japan, Tuesday’s, Renton , Washington, Alaska, Seattle, Europe, Asia, Florida, Las Vegas, Fort Myers, Minneapolis

☆ Mapping Trump's connections to tech's right-wing brotherhood
▼ + stars: | 2024-12-26 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +11 min

In other words: A right-wing faction has coalesced within the usually progressive tech industry, and much of it is preparing to make Washington a second home for the next four years. Trump’s second term won’t be the first administration to have strong influence from the modern tech industry. But just below that level, tech figures are populating some of the most important positions. One closely watched question: How much money will Trump’s tech allies make during his administration? Leamer, the Republican consultant, said he thinks Trump’s tech allies have a different motivation: to prove that they’re right.

Persons: “ They’ve, ”, Rob Lalka, they’ve, doesn’t, Brian Hughes, Trump, Elon Musk, Musk, Sacks, Thiel, Neil Malhotra, Obama, Eric Schmidt, Barack Obama, Nathan Leamer, “ Obama, Vance, ” Leamer, Leamer, Jacob Helberg, Keith Rabois, Trae Stephens, Anduril, Jim O’Neill, Emil Michael, Gail Slater, Slater, ” Trump, Lalka, “ It’s, ” Malhotra, Sacks ’, won’t, “ That’s, There’s, Adam Kovacevich, Kamala Harris ’, he’s, Marc Andreessen, Kovacevich, Joe Biden Organizations: Venture, Tulane University’s Freeman School of Business, Trump, Stanford University, Washington, Stanford Graduate School of Business, Google, Apple, Microsoft, “ Venture, Big Seven, Meta, NVIDIA, Tesla, Republican, “ Tech, Mithril, Senate, “, Truth Social, Trump Media & Technology Group Corp, Palantir Technologies, PayPal, Thiel’s, Fund, Defense Department, Politico, Street, Thiel Foundation, Department of Health, Human Services, Uber, Fox Corp, Internet Association, Justice Department, Tech, Little Tech, Federal Communications Commission, Federal Trade Commission, Securities and Exchange Commission, Tulane University, Stanford, SpaceX, of, Democratic, Trump’s, Bloomberg Locations: Silicon Valley, Washington, it’s, Ohio, Silicon, Little, Lago, Florida

☆ Steve Davis was Elon Musk's confidant at SpaceX and Twitter. He's now ready to help the billionaire cut costs at DOGE.
▼ + stars: | 2024-12-26 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Steve Davis, an Elon Musk loyalist, is ready to help out at the Department of Government Efficiency. Davis and Musk's working relationship stretches back more than two decades. AdvertisementDavis entered Musk's sphere in 2003, when he joined his rocket company, SpaceX, a year after its founding. Davis, a Stanford University-educated aerospace engineer, helped Musk launch the Boring Company, a tunneling and construction business, in 2016. AdvertisementDuring his stint at SpaceX, Davis was said to have helped Musk find a $3,900 alternative to a part that cost $120,000.

Persons: Steve Davis, Davis, Elon Musk, Donald Trump, Vivek Ramaswamy, Yogato, Musk, LEON NEAL, Trump's Organizations: Elon, Department of Government, SpaceX, longtime, Department of Government Efficiency, Bloomberg, Stanford University, Boring Company, Twitter, Getty Images Bloomberg, Boring Locations: Washington , DC

As President-elect Donald Trump prepares for his second inauguration in January, a majority of investors are optimistic on his impact on the U.S. economy, according to the latest CNBC Delivering Alpha Stock Survey. In all, 71% participants in the survey think Trump "will be great for the economy and markets," while 29% disagreed with that sentiment, the survey found. Participants in CNBC's Delivering Alpha Stock Survey were split 50-50 on whether the duties will help or hinder the U.S. economy, American workers and consumers. CNBC's Delivering Alpha Stock Survey, which is issued quarterly, last week polled about 40 chief investment officers, equity strategists, portfolio managers and other money managers. None of the survey respondents think it's a good idea to put money into GLP-1 plays.

Persons: Donald Trump, Trump, Elon Musk, Musk, Russell, Dow Industrials, Tesla –, AAPL, Eli Lilly, Lilly — Organizations: CNBC, Alpha Stock Survey, SpaceX, Nasdaq, Dow, Apple, Microsoft, Nvidia, P Software & Services, VanEck Semiconductor, Novo Nordisk Locations: U.S, China, Canada, Mexico, Bitcoin, GLP

☆ A year of Elon Musk's private jet travels reveals his deepening political ties
▼ + stars: | 2024-12-26 | by ( Grace Kay | Taylor Rains | ) www.businessinsider.com time to read: +5 min

Elon Musk's private jets made 355 flights in 2024, data from jet-tracking company JetSpy shows. The jets' travel shows the billionaire's growing political involvement. To help shed light on how the world's wealthiest man spent his time in 2024, Business Insider charted Musk's private jets' travel using the jet-tracking service JetSpy. In total, Musk's jets made 31 flights to or from Palm Beach International Airport in 2024. It's also unclear whether he might have visited the Palm Beach, Florida, area for reasons other than a meeting with Trump.

Persons: Elon, Elon Musk, Tesla's robotaxi, Donald Trump's, Musk, It's, Trump, Tesla, Brandon Bell Organizations: Business, Gulfstream, White House, Trump, Palm Beach, —, Palm Beach International Airport, Mar, Department of Government, PIA, Federal Aviation Administration, SpaceX, Olympics, Notre, International Energy Agency Locations: Palm, Mar, Trumpworld, Beach , Florida, Pennsylvania, Georgia, Washington ,, Washington, Palm Beach, Memphis, Hawthorne , California, Brownsville , Texas, Austin, Tesla's, France, Poland, Germany, Portugal, Indonesia, China, Paris, Bali, Seattle, Tokyo

☆ A look back at U.S. airlines' wild 2024: From door plugs to bankruptcy, an IT meltdown and a merger
▼ + stars: | 2024-12-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +12 min

People check-in for their flights at the airport ahead of the Thanksgiving Holiday at Hartsfield-Jackson Atlanta International Airport, in Atlanta, Georgia, U.S., November 27, 2024. Through it all, demand for air travel overall smashed records, and CEOs are optimistic about next year, too. United AirlinesAn American Airlines airplane passes behind a United Airlines airplane at Newark Liberty International Airport in Newark, New Jersey, on Sept. 28, 2024. Spirit AirlinesLaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Frontier AirlinesFrontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023.

Persons: Megan Varner, Reuters It's, Barack Obama, Mike Whitaker, Donald Trump, Delta, United —, Mario Tama, Ed Bastian, Delta's, Martin, Paul Rudd, Gary Hershorn, Elon Musk, Scott Kirby, he's, Kelly Ortberg, Leslie Josephs, Bob Jordan's, Gary Kelly, American Airlines Jeff Greenberg, Vasu Raja, Charly Triballeau, Joanna Geraghty, Marty St, George, Max 9s, Daniel Slim, It's, Barry Biffle, Greg Anderson, Nick Potts Organizations: Hartsfield, Jackson Atlanta International Airport, Reuters, Boeing, Max, Alaska Airlines, JetBlue Airways, Spirit Airlines, U.S, Federal Aviation Administration, Airline, Airlines, Delta Air Lines Travelers, Delta Air Lines, Los Angeles International Airport, Getty, Microsoft, CNBC, Delta, Delta Sky, Sky Clubs . United Airlines An American Airlines, United Airlines, Newark Liberty International Airport, Corbis, Elon, JetBlue, Southwest Airlines Southwest Airlines, Elliott Investment Management, Southwest, American Airlines, Universal, Citi, Barclays, US Airways . Spirit Airlines LaGuardia, Pratt, Frontier, Airbus, Jet Blue, JFK International, AFP, Mint, Alaska, Alaska Airlines Flight, National Transportation Safety, Ntsb, Via Reuters, Hawaiian Airlines, Virgin America, Seattle —, Asia . Frontier Airlines Frontier Airlines, Denver International, Afp, Allegiant Airlines, Sun, Sun Country Airlines Locations: Atlanta , Georgia, U.S, Portland , Oregon, France, Los Angeles , California, New York, Los Angeles, Boston, Newark , New Jersey, Mongolia, Greenland, Spain, Delta, Dallas, Italy, Japan, Tuesday's, Alaska Airlines, Alaska, Renton , Washington, Seattle, Europe, Asia, Denver, Denver , Colorado, Florida, Las Vegas, Fort Myers

☆ The world's richest people are worth far more today than in 2000 — but most of the names on the list have changed
▼ + stars: | 2024-12-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementBill Gates topped Forbes' rundown of the world's richest people in 2000, the earliest list accessible using the Wayback Machine. For example, Ellison's net worth has more than quadrupled from $47 billion to $217 billion. Walton and Dell's fortunes have more than quintupled in size from roughly $20 billion to well above $100 billion. The 20 richest people were worth $406 billion then, a fraction of the $3 trillion they're worth today. AdvertisementMusk alone is worth $454 billion today, exceeding the combined wealth of the top 20 in 2000.

Persons: Bill Gates, Warren Buffett, Larry Ellison, Steve Ballmer, Elon Musk, Jeff Bezos, Mark Zuckerberg, Berkshire Hathaway, Rob Walton, Michael Dell, Bernard Arnault, Walton, Masayoshi, Gates, Paul Allen, Theo, Karl Albrecht, Alwaleed Bin Talal Al Saud, Kenneth Thompson, Larry Page, Sergey Brin, Jensen Huang Organizations: Forbes, Microsoft, Oracle, Walmart, Dell, Berkshire, SpaceX, Amazon, Nvidia, Berkshire Hathaway Locations: Saudi Arabia, Dell

☆ Earth's orbit is so crowded that space traffic controllers issue more than 1,000 collision warnings per day
▼ + stars: | 2024-12-25 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Space junk has filled up so much of Earth's orbit that it's endangering satellites and astronauts. Along with those recognizable objects, there are millions of bits of debris in orbit traveling faster than a bullet. NASAEarth's orbit is so crowded with junk now that roughly 1,000 warnings about possible impending collisions go out to satellite operators each day, Berger said. A projectile strikes a mock-up of a spacecraft in a NASA-Air Force test meant to simulate space debris collisions. Advertisement"That would've been a hypervelocity impact creating thousands of pieces of debris," Berger said.

Persons: Thomas Berger, Berger, Araz, Siamak, It's, Kessler, Space.com, Daniel Baker, Baker Organizations: American Geophysical Union, Washington DC, NASA, US Space Force, Weather Technology, Research, Education Center, University of Colorado, Air Force, Arnold Engineering, Force, Space, SpaceX, Atmospheric, Physics, UC Boulder, Congress, FCC Locations: Washington, Russian, University of Colorado , Boulder, American, Russia, China, India

☆ Here's why business leaders are spending big on Trump’s inaugural committee
▼ + stars: | 2024-12-24 | by ( Kevin Breuninger | ) www.nbcnews.com time to read: +9 min

Top CEOs and their companies are pledging to donate millions of dollars to President-elect Donald Trump’s inaugural committee, as they seek to get on his good side and make inroads before he takes office. Hedge fund manager Ken Griffin also said he plans to give $1 million to the tax-exempt inaugural committee, Bloomberg reported. To that end, Trump’s inaugural committee presents a “unique opportunity,” said Brendan Glavin, director of research for the money-in-politics nonprofit OpenSecrets, in an interview. 'Cesspool'Four days after the presidential election, Trump announced the formation of the “Trump Vance Inaugural Committee, Inc.,” a 501(c)(4) nonprofit. As a result, Trump’s committee was widely expected to have tens of millions of dollars left over after it paid for balls and hotels.

Persons: Donald Trump’s, Jeff Bezos, Sam Altman, Mark Zuckerberg, Uber, Dara Khosrowshahi, Ford, Ken Griffin, Trump, ” Trump, ”, Brendan Glavin, ” Glavin, ” Trump’s, Barack Obama, Trump’s, Joe Biden’s, you’re, Michael Beckel, Robert Parsons, Zuckerberg, Bezos, “ I’m, ” Bezos, The New York Times ’, “, Kamala Harris, Tesla, Elon Musk, Vivek Ramaswamy, OpenAI’s Altman, Musk, Altman, Craig Holman, Donald Trump, ” Holman, Steve Witkoff, Republican Sen, Kelly Loeffler, Reince Priebus, Priebus, Miriam Adelson, GOP megadonor, Diane Hendricks, Obama, Melania Trump, Holman Organizations: Facebook, Meta, Robinhood Markets, Bloomberg, Trump’s, Trump, CNBC, ABC News, Big Tech, Washington Post, House, The New York Times, The Washington Post, Bezos, SpaceX, “, America, Public Citizen, Trump Vance, Inc, Republican, Small Business Administration, GOP, PAC Locations: Mar, Trump’s, Beach , Florida, Washington, Georgia

☆ Elon Musk takes aim at MacKenzie Scott again for giving billions to liberal causes, calling the gifts 'concerning'
▼ + stars: | 2024-12-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

The Tesla and SpaceX CEO said the billionaire's gifts to liberal nonprofits were "concerning." Scott, the ex-wife of Jeff Bezos, has donated over $19 billion to charities since 2019. Elon Musk has taken aim once again at MacKenzie Scott over the billionaire's charitable giving. AdvertisementThe Tesla and SpaceX CEO shared on Monday an X post written by John LeFevre criticizing Scott. Advertisement"'Super rich ex-wives who hate their former spouse' should filed be listed among 'Reasons that Western Civilization died,'" Musk said in a now-deleted X post in March.

Persons: Elon Musk, MacKenzie, Scott, Jeff Bezos, MacKenzie Scott, John LeFevre, Amazon's, " LeFevre, Musk, Donald Trump, Bezos, Hans Peter Schmitz, Bob, Carol Mattocks, Schmitz, hadn't Organizations: SpaceX, Democratic Party, North Carolina State University

☆ Here's why business leaders are spending big on Trump's inaugural committee
▼ + stars: | 2024-12-24 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +7 min

Hedge fund manager Ken Griffin also said he plans to give $1 million to the tax-exempt inaugural committee, Bloomberg reported. To that end, Trump's inaugural committee presents a "unique opportunity," said Brendan Glavin, director of research for the money-in-politics nonprofit OpenSecrets, in an interview. Trump's inaugural committee and his transition team did not respond to requests for comment. Record haulsTrump's 2017 inaugural committee raked in about $107 million, by far the most of any in U.S. history. Other than GoDaddy.com founder Robert Parsons, who gave $1 million, few other leaders in Big Tech donated to Trump's 2017 committee.

Persons: Donald Trump, Chip Somodevilla, Donald Trump's, Jeff Bezos, Sam Altman, Mark Zuckerberg, Uber, Dara Khosrowshahi, Ford, Ken Griffin, Trump, Brendan Glavin, Melania Trump, Glavin, Barack Obama, Trump's, Joe Biden's, Michael Beckel, Robert Parsons, Zuckerberg, Bezos, Brian Snyder, Kamala Harris, Tesla, Elon Musk, Vivek Ramaswamy, OpenAI's Altman, Musk, Altman, Craig Holman, Holman, Lucas Jackson Organizations: Facebook, Meta, Robinhood Markets, Bloomberg, Trump's, Getty, Trump, CNBC, ABC News, Big Tech, Washington Post, Republicans, Capitol, Reuters, House, The New York Times, The Washington Post, Bezos, SpaceX, America, Public Citizen, U.S Locations: Palm Beach, West Palm Beach , Florida, Mar, Trump's, Beach , Florida, Washington ,, Washington, Washington , U.S, United States

☆ Are the sonic booms from SpaceX’s Starship launches dangerous? Here’s what experts say
▼ + stars: | 2024-12-24 | by ( Jackie Wattles | ) edition.cnn.com time to read: +18 min

As the Super Heavy booster made its way back to a pinpoint landing, an earsplitting sonic boom rang out. Potential risksResearchers and regulators are working to assess further what risks these sonic booms may present to the surrounding area, Gee said. More data about the sonic booms — and how weather patterns might affect their impact — is desperately needed, he said. Spacex/UPI/ShutterstockSpaceX has indicated it hopes sonic booms will be associated with those ambitious goals in the public consciousness. “Sonic booms announce the return of rockets and spacecraft built to be reused,” a blog post from the company reads.

Persons: ”, Noah Pulsipher, —, Elon Musk, ” Musk, Victor Sparrow, Kent Gee, Gee, Brigham Young’s, Brigham, ” Pulsipher, ” Gee, Sergio Flores, That’s, you’re, Brigham Young, Veronica G, Cardenas, There’s, “ It’s, Cheney Orr, Gwynne Shotwell, Donald Trump’s, Michael Whitaker, Al Drago, Sparrow, “, ” Sparrow Organizations: CNN, SpaceX, Heavy, South Texas, Super, Brigham Young University, Penn State, Concorde, SpaceX’s, Spacex, UPI, Brigham Young, Falcon, Getty, Boca, Brigham, Boca Chica, Bloomberg, FAA, Federal Aviation Administration, “, and Wildlife Service, Trump’s, Government Efficiency, Trump, Capitol, New, NASA Locations: South, Provo , Utah, Brownsville , Texas, Gulf of Mexico, Florida, California, firma, Port Isabel, South Padre, Texas, Starship’s, Boca Chica Beach , Texas, AFP, Boca Chica, South Texas

☆ Higgins: Can Elon inspire Republicans to vote for what he wants to do?
▼ + stars: | 2024-12-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHiggins: Can Elon inspire Republicans to vote for what he wants to do? Tim Higgins, a Wall Street Journal columnist, discusses Elon Musk's influence in Washington, highlighting his disruptive approach and its potential impact on government regulation and relationships with lawmakers. Higgins notes that Musk's actions could benefit his companies like Tesla and SpaceX, especially under the new administration.

Persons: Higgins, Elon, Tim Higgins Organizations: Street Journal, SpaceX Locations: Washington

☆ Silicon Valley's White House influence grows as Trump taps tech execs for key roles
▼ + stars: | 2024-12-23 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump is tapping tech heavyweights to join his new administration, continuing a trend of Silicon Valley's growing influence in a second Trump White House. Trump also picked Sriram Krishnan as senior policy advisor for artificial intelligence at the White House Office of Science and Technology Policy. Along with X, Musk runs vehicle maker Tesla , defense contractor SpaceX and brain tech startup Neuralink. Krishnan will likely work closely with David Sacks, another tech executive who has a long history with Musk. Trump earlier this month named Sacks — a venture capitalist, former PayPal COO and popular podcaster — as "czar" of crypto and AI.

Persons: Donald Trump, Trump, Scott Kupor, Andreessen Horowitz, Kupor, Elon Musk, Vivek Ramaswamy, Sriram Krishnan, Krishnan, Musk, David Sacks, Sacks — Organizations: Trump White House, Personnel Management, Elon, Department of Government, White, Office of Science, Technology, Microsoft, Meta, Yahoo, Trump, SpaceX

☆ Trump bristles at Musk’s rocketing profile as Democrats play on the president-elect’s vanity
▼ + stars: | 2024-12-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Coons’ comments came after multiple Democrats spoke of “President Musk” as the country wobbled on the brink of a government shutdown last week. “You saw Elon and President Trump working together as a team. “Elon was taking one task that President Trump wanted. There will also be complications over Musk’s role and potential conflicts over foreign policy. It will happen with Elon Musk too.”

Persons: Elon Musk, ”, Donald Trump’s, —, Tennessee Sen, Bill Hagerty, CNN’s Dana, Hagerty, Tony Gonzales, “, Delaware Sen, Chris Coons, We’re, Trump, Elon, Coons ’, Musk ”, Brendan Boyle, CNN’s Jessica Dean, he’s, ” Trump, Trump’s, He’s, bankrolling, Musk, Mike Johnson’s, Joe Biden, Johnson, Sen, Markwayne Mullin, CNN’s Kaitlan Collins, “ Elon, Vivek Ramaswamy, Vladimir Putin, Keir Starmer, Germany’s, ” Musk, Rosa DeLauro, Chris Christie —, ” Christie Organizations: CNN, SpaceX, Republican, Sunday, Union, GOP, CBS, ., Republican Party, ” Democratic, Pennsylvania, stoke, Trump, of Government Efficiency, America, Elon, Oklahoma Republican, —, Labour Party Prime, New, New Jersey Gov, ABC Locations: Tennessee, “ State, Tony Gonzales of Texas, Washington, South Africa, Delaware, Phoenix, Russia, Mar, Americas, Germany, Trump, China, Shanghai, Connecticut, New Jersey

☆ Silicon Valley firms are forming a group to win more US defense contracts, report says
▼ + stars: | 2024-12-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Silicon Valley tech firms are reportedly looking to unite to win more defense contracts. Defense tech firms Palantir and Anduril are in talks with Elon Musk's SpaceX, Sam Altman's OpenAI, and others to form a new group in Silicon Valley to bid for Washington's lucrative defense contracts, according to a new report. The consortium could announce agreements with some tech firms as soon as January, the report said. AdvertisementPalantir, cofounded in 2003 by Silicon Valley billionaire Peter Thiel, has previously won several government contracts. Defense startup Anduril, founded by Palmer Luckey — the tech mogul who founded and sold virtual reality startup Oculus to Meta — has also won contracts for its autonomous and air defense systems.

Persons: Sam Altman's OpenAI, Lockheed Martin, Donald Trump, Lockheed, t6EYLWNegI — Elon, Peter Thiel, Stanley Druckenmiller, Alex Karp, Palmer Luckey, Meta —, OpenAI Organizations: Companies, Elon, SpaceX, Defense, Financial Times, Lockheed, Raytheon, Silicon, Pentagon, JPMorgan's, Meta Locations: Silicon Valley, Silicon

☆ 6 key lines from Trump’s Sunday speech to conservative activists in Phoenix
▼ + stars: | 2024-12-22 | by ( Eric Bradner | Aaron Pellish | ) edition.cnn.com time to read: +9 min

Here are six key lines from Trump’s speech on Sunday:Panama CanalTrump said he would consider retaking control of the Panama Canal, which he referred to as a “vital national asset,” doubling down on social media posts he’d made on the topic Saturday. The fees being charged by Panama are ridiculous, highly unfair, especially knowing the extraordinary generosity that has been bestowed to Panama — I say, very foolishly, by the United States,” Trump said. “We will demand that the Panama Canal be returned to the United States of America in full, quickly and without question. With the new government of the United States, I aspire to preserve and maintain a good and respectful relationship,” he added. “President McKinley was the president that was responsible for creating a vast sum of money,” he said.

Persons: Donald Trump, Elon, Vladimir Putin, “, ” Trump, ‘, Musk, Trump, he’d, Panama —, —, He’s, Jimmy Carter, — you’ve, I’m, ”, José Raúl Mulino, ” Mulino, Putin, he’s, Musk —, ’, Elon Musk, Barack Obama’s, Mount McKinley, William McKinley, Theodore Roosevelt’s, McKinley, ” “ McKinley, Fort Bragg, Robert F, Kennedy Jr, Kennedy, Trump’s, We’re, ” “, ’ ” Organizations: CNN, Trump, Navy, Atlantic, Mar, Elon, SpaceX, Denali, Liberty, Health, Human Services Locations: Panama, Phoenix, Washington, United States, Canada, Mexico, America, Ukraine, Russia, ’, North America, Denali, Mount McKinley, North, Fort, what’s, TikTok

☆ ‘It feels like Elon Musk is our prime minister’: The fallout from the funding debacle
▼ + stars: | 2024-12-22 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024. Last week, Trump – with help from Musk – effectively killed a 1,500-page bipartisan funding legislation drafted by House Speaker Mike Johnson, R.-La., to fund the government beyond Friday. With more than 208 million followers on X, formerly Twitter, Musk voiced his opposition to the bill in several dozens of posts. His comments led some critics of Trump to point out that Musk seems to be calling the shots, mockingly calling him "President Musk." In response, Musk tried to downplay those claims, and a Trump spokesperson issued a statement saying, "President Trump is the leader of the Republican party.

Persons: Donald Trump, Elon Musk, –, Mike Johnson, Joe Biden, Musk, Trump, Jim McGovern, Rosa DeLauro, French Hill, Elizabeth Warren of Organizations: SpaceX, Democratic, Trump, Twitter, Republican, Massachusetts, CBS Locations: Brownsville , Texas, Connecticut, China, Elizabeth Warren of Massachusetts

☆ House Democrats say GOP caved to Musk in funding bill, protecting his China interests
▼ + stars: | 2024-12-21 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. House Democrats Jim McGovern of Massachusetts and Rosa DeLauro of Connecticut say their Republican colleagues in Congress caved to the demands of Elon Musk, sinking a bipartisan government funding bill that would have regulated U.S. investments in China. Congress passed a separate stopgap funding bill over the weekend, averting a government shutdown. "His bottom line depends on staying in China's good graces," McGovern wrote about Musk. The stopgap funding bill, which President Joe Biden signed on Saturday, did not include the two-year suspension of the U.S. debt limit that Trump was seeking.

Persons: Elon Musk, John Thune, Jim McGovern, Rosa DeLauro, McGovern, Elon, Tesla, ingratiate, DeLauro, Musk, Donald Trump, Trump, Joe Biden Organizations: Republican, Massachusetts, Elon, Congress, SpaceX, Chinese Communist Party, GOP, Twitter, Trump Locations: Washington , U.S, Connecticut, China, America, Shanghai, Taiwan, Beijing

After killing the government funding bill on Wednesday and hurtling the government toward a shutdown, Trump and Musk dined at Mar-a-Lago with Bezos, who has an icy history with Trump. The CEOs who have met with Trump have come in with a clear strategy, people familiar with the meetings told CNN. President-elect Donald Trump is driven from the Trump International Golf Club in a convoy of vehicles on December 20, 2024 in Palm Beach, Florida. Many of the visits have served as introductory meetings, with Trump and the CEOs having never had personal ties before. A source briefed on the meeting told CNN that Trump told the executives over dinner that he wanted to “destroy” the PBMs.

Persons: Daniel Ek, Donald Trump, Ek, Joe Rogan, who’ve, ’, Elon Musk, Trump, Vivek Ramaswamy, Mark Zuckerberg, Sundar Pichai, Sergey Brin, Tim Cook, Jeff Bezos, Musk, Bezos, he’s, Saul Martinez, Susie Wiles, Wiles, Ted Sarandos, Susan Rice, “, Sarandos, Uber, –, Jim Mattis, Eugene Gologursky, ” Bezos, CNBC’s Andrew Ross Sorkin, let’s, Twitter, Joe Biden, Zuckerberg, —, ” Zuckerberg, Meta’s Ray, Manuel Orbegozo, Meta’s Joel Kaplan, Kevin Martin, Brian Baker, Sen, Marco Rubio, Vincent Haley, Stephen Miller, James Blair, Shou Chew, ” Trump, Kamala Harris, TikTok, Robert F, Kennedy Jr, Eli Lilly, “ We’re, CNN’s Clare Duffy Organizations: CNN, Trump, Twitter, SpaceX, Tesla, Government, GOP, Google, Inc, Apple, Amazon, Mar, titans, Trump International Golf, White, Netflix, Democratic, Obama, Meta, The Washington Post, Microsoft, New York Times, Jazz, Lincoln Center, The New York Times, Washington, Facebook, Street Journal, Lago, Monday, Supreme, Health, Human Services, Pfizer, Walmart Locations: Bezos, Palm Beach , Florida, New York, America, Menlo Park , California, Florida, United States

☆ Elon Musk's unforgettable year in 7 charts
▼ + stars: | 2024-12-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Elon Musk has had a big year with Tesla and SpaceX soaring in value, supercharging his net worth. Scroll down for seven charts showing how Musk's 2024 played out. Related Video How Elon Musk makes and spends his billionsThe situation seems worse at X, formerly Twitter, after Musk's $44 billion takeover and reshaping of the platform sparked an advertiser exodus. Take a look at Musk's 2024 in charts (all data is accurate as of Friday, December 20):1. Building brainpowerNeuralink, Musk's neurotechnology company, was valued at $8 billion this summer, up from about $2 billion three years earlier.

Persons: Elon Musk, Donald Trump, Jeff Bezos, Musk, he's, Musk's Organizations: Tesla, SpaceX, Federal Reserve, Trump, Monster Beverage, Democrats, Department of Government Efficiency

Elon Musk has been a constant companion to President-elect Donald Trump as Trump meets with foreign leaders — an ever-present personality at Mar-a-Lago since November, even accompanying Trump to Paris on his first foreign trip since winning the election. Musk’s interactions with world leaders alongside Trump are raising questions about the tech leader’s potential influence on U.S. foreign policy over the next four years and the potential for conflicts of interest, Washington insiders say. Since 2014, Trump has traveled to China at least eight times where he had meetings with senior Chinese officials. Asked about Musk’s influence on foreign policy, a former U.S. intelligence official told NBC News: “I’m more concerned about conflicts of interest. Musk has previously expressed an interest in affecting the trajectory of foreign affairs, which could further affect his dealings with world leaders.

Persons: Elon Musk, Donald Trump, —, Trump, Emmanuel Macron, Giorgia Meloni, Musk, Volodymyr Zelenskyy, ”, Barack Obama’s, “, ” Brian Hughes, Vance, “ Elon Musk, ” Musk, Vladimir Putin, Xi Jinping, Premier Li Qiang, Xi, it’s Trump, Democratic Sen, Ben Cardin, Cardin, Antony Blinken, Biden, Republican Sen, Marco Rubio, Mike Waltz, ” Blinken, Keir Starmer, Mike Johnson Organizations: Trump, Notre Dame, of Government Efficiency, SpaceX, NASA, U.S, Street, Premier, Wall Street, NBC, New York Times, Senate Foreign Relations, Democratic, NBC News, ”, Republican, British Locations: Lago, Paris, Italian, New York, Washington, China, San Francisco, U.S, Shanghai, Ben Cardin of Maryland, Marco Rubio of Florida, Florida, Britain, Italy, Germany, Trump

☆ OpenAI is done with Shipmas and staring down daunting challenges for 2025
▼ + stars: | 2024-12-20 | by ( Hayden Field | ) www.nbcnews.com time to read: +8 min

OpenAI’s “12 Days of Shipmas,” which wrapped up on Friday, brought a sense of levity to end the year. Those in the U.S. can dial the number (1-800-242-8478) for 15 minutes free per month, OpenAI said, and WhatsApp users globally can message the chatbot at the same number. In May, OpenAI safety leader Jan Leike left OpenAI for Anthropic, and in August, OpenAI co-founder John Schulman announced he was leaving to join the rival startup. Earlier this month, OpenAI announced it had hired its first chief marketing officer, nabbing Kate Rouch from crypto company Coinbase. Then there’s the increasingly complicated relationship with Microsoft, OpenAI’s lead investor and key cloud provider.

Persons: OpenAI’s, there’s, Elon Musk, Sam Altman, Trump, Musk, OpenAI, ”, Altman, xAI, shtick, Sora, he’s, Jan Leike, John Schulman, Mira Murati, Anthropic, nabbing Kate Rouch, Satya Nadella, Nadella, Mustafa Suleyman, Suleyman, Microsoft’s Bing, Donald Trump’s Mar, Joe Biden’s, Vivek Ramaswamy, ” Musk Organizations: Microsoft, The New York Times, Google, o1, Apple, o3, Menlo Ventures, U.S . Department of Defense, Anduril, Palantir, Amazon Web Services, Trump administration’s Department, Government Efficiency, SpaceX Locations: U.S, ChatGPT, Lago, Florida

Elon Musk waded into Germany’s election on Friday, expressing his support for a far-right anti-immigrant and anti-Islam party that's being monitored by the country’s domestic intelligence agency. “Only the AfD can save Germany,” the tech billionaire wrote on X, referring to the Alternative for Germany party. In September, it became the first far-right party to win the most votes in a state election since the Nazi era, when it triumphed in Thuringia. Party leader Björne Höcke has twice been found guilty by a German court of purposefully employing Nazi rhetoric. Musk also voiced support for the AfD last year when he criticized the German government over its handling of illegal migration.

Persons: Elon, Chancellor Olaf Scholz's, Scholz, Christian Lindner, Björne Höcke, Maximilian Krah, Donald Trump, Keir Starmer Organizations: “, Germany, Social Democratic Party, SDP, Free Democrats, environmentalist Green Party, Reuters, SS, ’, SpaceX, Department of Government, British Locations: Germany, East Germany, Thuringia, Italian, China, Russian, Britain

☆ How Elon Musk made SpaceX take off by giving employees stock options
▼ + stars: | 2024-12-20 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

SpaceX employees worked grueling hours and gritty conditions in the company's early days. Elon Musk offered workers SpaceX stock options to poach top talent and keep them motivated. Stock options are a toss-up. The promise of those stock options gave SpaceX a competitive edge in recruiting top engineering talent. AdvertisementFor some employees, Berger found, the stock was icing on the cake.

Persons: Elon Musk, Eric Berger, Berger, Jorge Martin, Martin, he's, Jeff Bezos, " Berger Organizations: SpaceX, Bloomberg, Elon, JP, Workplace Solutions, Workers, NASA

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