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☆ Why Elon Musk's push to cut federal waste might succeed where others failed
▼ + stars: | 2024-11-15 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

Elon Musk and Vivek Ramaswamy are promising to tame the federal government. Substantial changes to the federal budget would most likely require action from legislators, though Trump transition officials are reportedly looking for ways to short-circuit Congress' power over spending. AdvertisementPast presidents have tried to cut the federal budget with mixed successThe federal government isn't a business. AdvertisementClinton took another stab at cutting federal spending and improving government processes with his National Performance Review, which was led and staffed by federal employees instead of the private sector. AdvertisementSocial Security and Medicare are the two single biggest areas of federal spending, and changing them could be politically unpopular.

Persons: Elon Musk, Vivek Ramaswamy, they've, Trump, Reagan, Clinton, Ronald Reagan, Bill Clinton, David Walker, J, Peter Grace, Grace, didn't, Musk, Ramaswamy, Thomas Schatz, hasn't, Lex Fridman's, Veronique de Rugy, —, de Rugy Organizations: Government, Department of Government, Trump, Congress, Government Waste, Grace, Office, Citizens, Securities and Exchange Commission, Federal Aviation Administration, SpaceX, Social, Cato Institute, Social Security, GOP

☆ Trump's first 2 years will be shaped by who wins the House. We may not know the outcome for days.
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

We still don't know who will control the House next year, and it could take days to count votes. But we still don't know who controls the House of Representatives, and the outcome will have major implications for the first two years of Trump's second term. "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate, and House," said House Speaker Mike Johnson in a statement on Wednesday morning. A Democratic House would be a major constraint on Trump's powerHistorically, newly elected presidents have typically enjoyed unified government at the beginning of their terms. Allowing those provisions to simply expire would cause most Americans to experience a major tax hike.

Persons: Trump, —, Donald Trump, Mike Johnson, George H.W, Bush, Joe Biden Organizations: GOP Senate, Service, Republicans, Representatives, Senate, Democratic, House, Trump Locations: New York, Alabama, Pennsylvania, Michigan, North Carolina, California, Ukraine

☆ I thought I wanted my life to be like 'Gilmore Girls'— until I started rewatching the series with my daughters
▼ + stars: | 2024-10-11 | by ( Holly Garcia | ) www.businessinsider.com time to read: +6 min

Rewatching my fall fave, "Gilmore Girls," as a parent feels less nostalgic and more painful. AdvertisementI found "Gilmore Girls" my first year of high school, and I'd never felt more seen. "Gilmore Girls" felt fun and fresh. When "Gilmore Girls" initially ran, I knew nothing about relationships, especially healthy ones. My daughters and I won't be cozying up on the couch to rewatch "Gilmore Girls" every fall, and that's OK. Maybe we'll find a new comfort show to enjoy together.

Persons: Gilmore, shouldn't, —, I'd, Rory, Lorelai's, Lorelai, it's, Dean, Rory's, Warner, Christopher Organizations: Service, WB, Yale, Warner Bros, Netflix

☆ Jeff Bezos owns a $10 million Swiss private jet. See inside the Pilatus PC-24 with its unusual toilet in the galley.
▼ + stars: | 2024-06-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Jeff Bezos owns three private jets worth $140 million in total, per JetSpy data. That includes a Pilatus PC-24, which the Swiss company calls "the world's only super versatile jet." AdvertisementJust like Elon Musk and Bill Gates, Jeff Bezos' private jet of choice is a Gulfstream G650ER. But the Amazon founder also has a smaller business jet known for its versatility, according to data from JetSpy. Swiss planemaker Pilatus bills its PC-24 as "the world's only super versatile jet" because it's capable of landing on short and unpaved runways.

Persons: Jeff Bezos, —, Elon Musk, Bill Gates Organizations: Service, Gulfstream, Business Locations: Swiss, JetSpy

☆ Stuck in a hellish loop: ALICE parents explain how they never have enough money to give their kids the life they want
▼ + stars: | 2024-05-25 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

He buys the cheapest toiletries and groceries he can find, and he can't afford mental health resources. Childcare costs remain an immense burden for Americans across the income spectrum, and it's a cost that particularly weighs on ALICE parents. They can't afford proper mental health and medical treatments, which are few and far between in their rural community. Even when ALICE parents can obtain assistance, it's often not enough to account for the realities they face. Many ALICEs find themselves in a neverending cycle, even as parents aspire for more for both themselves and their kids.

Persons: —, Ryan Arbuckle, Arbuckle, Louis, he'll, ALICE, he's, Stephanie Hoopes, United For ALICE, Georgia Kristin Musselwhite, William, it's, Kristin, William Musselwhite, Pennsylvania Joey Lovello, Beki, Joey, Uber, doesn't, I'm, They're, they're, April Schultz, Kevin, Schultz, John S, we're, John, she'll, Katelynn, Joey Lovello Organizations: Service, Business, United, United For, Federal Reserve, Medicaid Locations: St, Georgia, Pennsylvania, Bethlehem , Pennsylvania, Illinois, Dover , Delaware

☆ Live Nation, Ticketmaster’s parent company, sued in groundbreaking monopoly lawsuit
▼ + stars: | 2024-05-23 | by ( Brian Fung | Hannah Rabinowitz | ) edition.cnn.com time to read: +6 min

Washington CNN —The US government and dozens of states sued Live Nation in a groundbreaking antitrust lawsuit on Thursday, alleging that for years the parent company of Ticketmaster abused its industry dominance to harm concertgoers nationwide. It is time to break up Live Nation-Ticketmaster.”In a statement, Live Nation called the DOJ’s allegations “baseless.”“The DOJ’s lawsuit won’t solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows,” Live Nation said in a statement. The lawsuit highlights how regulators now believe, more than a decade on, that the behavioral modifications Live Nation agreed to have failed. According to the lawsuit, Live Nation directly manages more than 400 artists, controls around 60% of concert promotions at major concert venues across the country, and controls more than 265 concert venues in North America. And through Ticketmaster, the suit says, Live Nation controls roughly 80% or more of major concert venues’ primary ticketing for concerts.

Persons: Taylor Swift’s, ”, General Merrick Garland, Swift, Robert Smith, Zach Bryan, Minnesota Democratic Sen, Amy Klobuchar, Connecticut Democratic Sen, Richard Blumenthal, Klobuchar, Blumenthal, John Cornyn, Ted Cruz, Biden, ramping Organizations: Washington CNN, Ticketmaster, Justice Department, Prosecutors, ”, “, DOJ, Regulators, Minnesota Democratic, Connecticut Democratic, Texas Republican, District of Columbia, Court, Southern, of Locations: New York, United States, Texas Republican Sens, North America, Arizona , Arkansas , California , Colorado , Connecticut, Florida , Illinois, Maryland , Massachusetts, Michigan, Minnesota , Nevada , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oklahoma , Oregon , Pennsylvania, Rhode Island , South Carolina , Tennessee , Texas, Virginia, Washington, West Virginia , Wisconsin , Wyoming, of New York

☆ I tried the $600 massage gun used by top NBA players, elite athletes—and can't imagine going back to my old routine
▼ + stars: | 2024-04-13 | by ( Nicolas Vega | ) www.cnbc.com time to read: +4 min

Little by little, as I've progressed through my twenties and now stare 30 in the eye, I've picked up aches and pains along the way. But still, some things aren't quite the same as they used to be, especially when it comes to recovery. Experts agree: Percussive therapy worksPercussive massagers can regularly be seen being used by athletes on the sidelines of NBA games. His team employs percussive massagers from Hyperice to help elite athletes like Collin Sexton and Lauri Markkanen perform at the highest level. "You could spend from $100 to $300 on a massage, and that's one or two payments of buying a gun," he says.

Persons: I've, Therabody, —, Paul George, James Harden, Tyler Herro, Joe, Ezra Shaw, Wil Colón, NYU Langone, Colón, Erik Phillips, Collin Sexton, Lauri Markkanen, Phillips, There's Organizations: NBA, Getty, NYU, NBA's Utah Jazz, Utah Jazz Locations: Hyperice, Utah

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Coinbase, Sony, Oracle, FedEx, Nike, Carvana & more
▼ + stars: | 2024-03-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"We initiate coverage on Regeneron with an Outperform rating and $1,125 price target." Canaccord reiterates MicroStrategy as buy Canaccord raised its price target on the crypto company to $1,810 per share from $975. "We are initiating coverage of The New York Times with a Buy rating and a $52 target price. "DG – Upgrading to Neutral Raising Price Target to $158." "We are initiating coverage of Central Garden & Pet ( CENT) with a BUY rating and $52 price target."

Persons: Bernstein, Morgan Stanley, Tesla, it's, optionality, Canaccord, Goldman Sachs, PDD, Goldman, Jefferies, underperform Jefferies, Raymond James, underperform Raymond James, Argus, Evercore, William Blair, Goldman Sacks Organizations: Citi, New York Times, Nike, JPMorgan, RBC, Bank of America, Apple, Oracle, Central, FedEx, Macquarie, Sony Locations: China

☆ The Trump-supporting governor of Montana is staking his reelection on a set of 'miracle' YIMBY housing policies
▼ + stars: | 2024-03-09 | by ( Eliza Relman | ) www.businessinsider.com time to read: +10 min

Greg Gianforte blames Paramount's hit 2018 soap opera "Yellowstone" for what he calls his state's most pressing crisis: housing affordability. The so-called Montana Miracle has been celebrated by progressive housing advocates across the country. The policies are supply-side fixes for the crisis — creating more housing to drive down costs — rather than subsidizing renters or lower-income homebuyers. Education Images/Getty ImagesRunning on housingGianforte was "pretty distant" when it came to overseeing the housing task force, Dugan said. Last June, he extended the housing task force through the next legislative session.

Persons: —, Greg Gianforte, Paramount's, Kevin Costner's, Gianforte, It's, it's, Kelly Lynch, who've, Mary Vanier, Kendall Cotton, Nathan Dugan, Daniel Zelnikov, Zelnikov, Lynch, Dugan, trickier, I've, he's, That's, Karlen, George Nikolakakos Organizations: Service, Business, Big Sky, Montana League of, Republican, Democratic, Montana, Frontier Institute, GOP Locations: Montana, Bozeman, and Towns, Montana's, Missoula, California, Whitefish, Washington

☆ GOP politicians are saying they've always cared about IVF. Bills they've supported indicate otherwise.
▼ + stars: | 2024-02-27 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +7 min

Republicans are rallying around IVF access after a controversial Alabama Supreme Court ruling. The issue has been further fueled by a House bill to recognize human life at fertilization. Democratic candidate Elissa Slotkin, who is running against Rogers for Senate, pointed out that Rogers has co-sponsored four bills with similar language to the House bill while in Congress. President Joe Biden's campaign and Vice President Kamala Harris have also lobbed criticism regarding the Alabama Supreme Court decision, specifically calling out Trump. What’s happening in Alabama is a direct result of Donald Trump’s Supreme Court overturning Roe v. Wade.

Persons: —, Michelle Steel, Steel, Ashley Hinson, — Ashley Hinson, Hinson, Nancy Mace, @RepNancyMace, Mace, Axios, Mike Rogers, Elissa Slotkin, Rogers, Slotkin, Mike, Jim Jordan, don’t, jg0tf0scGV — Elissa Slotkin, Donald Trump, Karoline Leavitt, Joe Biden's, Kamala Harris, Trump, Harris, Donald Trump's, Roe, Wade, Donald Trump’s, CWOZ1IWpY3 — Kamala Harris, Crooked Joe Biden, Steven Cheung, Biden, Dobbs, Amy Coney Barrett, Brett Kavanaugh, Neil Gorsuch — Organizations: Service, The Alabama, GOP, —, 125, Republicans, Steel, Business Insider, South Carolina Rep, Democratic, Rogers, Senate, Alabama, ABC, Jackson, Health Organization Locations: Alabama, California, Michigan, @KamalaHarris

MADISON, Wis. (AP) — The Wisconsin Supreme Court on Friday agreed to hear Democratic Gov. Tony Evers' lawsuit against the Republican-controlled Legislature arguing that it is obstructing basic government functions. The court's liberal majority agreed to hear the case, with the three conservative justices dissenting. The court only agreed to immediately hear one of the three issues Evers brought forward in the complaint. The Legislature convened a lame duck session just weeks before Evers took office to weaken the incoming governor’s powers.

Persons: Tony Evers, Evers, Janet Protasiewicz, Rebecca Dallet, Jill Karofsky, Ann Walsh Bradley, Annette Ziegler, Brian Hagedorn, Rebecca Bradley, ” Evers, Knowles, Devin LeMahieu Organizations: Wisconsin Supreme, Democratic, Republican, University of Wisconsin, Conservative, Legislature, Wisconsin Department of Natural Resources, Nelson Stewardship Program, Republicans, GOP, Natural Resources Board Locations: MADISON, Wis, Wisconsin

So let's get to it; here's how to watch the Chiefs vs. Bills live stream for free today. If your country isn't supported, we can help you get around geo-blocks to watch the Kansas City Chiefs vs. Buffalo Bills live stream wherever you are. How to watch Chiefs vs. Bills live streams in the USAThe US Bills vs. Chiefs live stream is available via multiple services carrying CBS. Australian TV channel 7Mate, has a free Chiefs vs. Bills live stream today. Watch Chiefs vs. Bills.

Persons: let's, it's, ExpressVPN Organizations: Chiefs, Bills, Kansas City Chiefs, Buffalo Bills, CBS, Paramount, NFL, Showtime, US Bills, Nickelodeon, Comedy Central, BET, MTV, Champions League, Bowl, Hulu, . Watch Chiefs, Business Locations: Australia, USA, Hulu, Australian, Europe, Brazil, Japan, 7Mate, Spain, France

☆ A record number of $50 bills were printed last year. It’s not why you think
▼ + stars: | 2023-11-18 | by ( Sergio Padilla | ) edition.cnn.com time to read: +5 min

New York CNN —Unless you’re an avid currency collector, an employee of the Bureau of Engraving and Printing, or work at the Federal Reserve, you likely didn’t know that last year a record number of $50 bills were printed. Last year, the government printed 756,096,000 of those bills — the highest total of the denomination printed in one year in more than 40 years. In 2019, only 3.5% of all US bills printed were $50s. To understand why so many $50 bills were printed, it’s important to know how the system of printing money works. But, more likely, and more realistically, people tend to avoid using $50 bills due to them being confused with $5 or $20 bills and many stores not accepting bills larger than $20.

Persons: Ken Cedeno, Ulysses S, Grant, wasn’t, Patrick McHenry, Ronald Reagan, Bugsy Siegel Organizations: New, New York CNN, Engraving, Federal Reserve, Yum Brands, Inc, Eccles Federal, Washington DC, Fed, San Francisco Fed, US, North Carolina Republican, Centers for Disease Control Locations: New York, Washington, North Carolina, Vegas, United States

☆ How to buy your first rental property: 5 crucial things to look for and how to make sure it will cash flow, according to BiggerPockets' CEO
▼ + stars: | 2023-11-15 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This means the property will probably be in a fairly affordable range, and won't be too much to manage. This can mean the economic and population trends in the state or city you're looking to invest in are positive. Making sure a deal cash flowsConsidering the above criteria, Trench said to make a "buy box," or a specific outline of the exact type of property you're looking for. The "buy box" should include specific neighborhoods you're looking to buy in, and a specific price range you're looking to buy in. After all of these expenses, the landlord would still pocket $390 a month, Trench said.

Persons: Scott Trench, Trench Organizations: Business Locations: Troy , New York

☆ The head of the FTC says she used ChatGPT to successfully contest a medical bill
▼ + stars: | 2023-11-15 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

FTC Chair Lina Khan said she's successfully used ChatGPT to contest a medical bill. AdvertisementThe head of the Federal Trade Commission recently shared that she's successfully used ChatGPT to contest a medical bill. Doctors have used ChatGPT to help communicate with patients more compassionately, with some using ChatGPT just 72 hours after it was released to the public. And plenty of Americans encounter stress while navigating situations involving their medical bills, not just the chair of the FTC. "When it comes to medical bills, Americans are often caught in a doom loop between their medical provider and insurance company," CFPB Director Rohit Chopra said in a statement last year.

Persons: Lina Khan, she's, Khan, —, Khan didn't, Rohit Chopra Organizations: Service, Federal Trade Commission, Big Tech, New York Times, FTC, Consumer Financial

LONDON, Nov 1 (Reuters) - The UK government has scrapped guarantees on nearly 1 billion pounds ($1.2 billion) of bank loans handed out to ailing businesses during the COVID-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid. The figures could rise further - latest figures show just 17 billion pounds have been fully repaid by borrowers as of June 30. The largest and most controversial, the "Bounce Back Loan" (BBL) scheme, delivered 47 billion pounds and was specially designed to help Britain's smallest firms stay afloat. Following the removal, any financial loss is borne in full by the lender, BBB said. The figures also showed the government had paid out 7.4 billion pounds to lenders under the state guarantees.

Persons: Theodore Agnew, Sinead Cruise, Iain Withers, Matthew Lewis Organizations: Reuters, British Business Bank, Barclays, NatWest, Lloyds, HSBC, Bank, Finance, BBL, BBB, Thomson Locations: London

Tony Evers on Tuesday sued the Republican-controlled Legislature, arguing that it is obstructing basic government functions, including signing off on pay raises for university employees that were previously approved. Republican legislative leaders, Senate Majority Leader Devin LeMahieu and Assembly Speaker Robin Vos, did not immediately return emails seeking comment. In addition to not approving the pay raises for about 35,000 University of Wisconsin employees, Evers argues that the Legislature is blocking state conservation programs, updates to the state's commercial building standards and ethics standards for licensed professionals. But pay raises also must then be approved by a committee of legislative leaders. Evers and the GOP-controlled Legislature have had a contentious relationship from the moment Evers was elected in November 2018.

Persons: Tony Evers, Evers, Devin LeMahieu, Robin Vos, ” Evers Organizations: — Wisconsin Democratic Gov, Tuesday, Republican, University of Wisconsin, UW, GOP, Natural Resources Board Locations: MADISON, Wis, Wisconsin, Alaska , Kentucky, Michigan , Missouri , New Jersey, West Virginia

☆ UK confirms plans to regulate crypto industry with formal legislation
▼ + stars: | 2023-10-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to bring in formal legislation for crypto activities by 2024. The government published its response to a consultation paper issued earlier this year, which outlined recommendations on regulating the crypto industry. The government aims to introduce laws for the crypto industry before Parliament by 2024, according to the paper. It is not immediately clear at this stage what U.K. laws on crypto will look like. Numerous bills are going through Congress, but the U.S. is far behind others when it comes to bringing about formal federal laws for the crypto industry.

Persons: Andrew Griffith Organizations: Government Locations: EU, Crypto, U.S

They said that the state law, signed by Republican Governor Brad Little in March, illegally discriminates on the basis of gender identity and violates students' right to privacy. Idaho's bathroom bill allows students to sue schools for $5,000 if they encounter a transgender student in a bathroom the law forbids. That effectively puts a "bounty" on transgender students and encourages others to search them out, the lawsuit said. The new law says schools must provide a "reasonable accommodation" for transgender students unwilling or unable to use their assigned bathroom. Federal courts have been divided on school policies requiring transgender students to use the restroom corresponding to their birth sex, with the Richmond, Virginia-based 4th U.S.

Persons: Queen Mary, Stephane Mahe, David Nye, Peter Renn of, Raul Labrador, Rebecca Roe, Brad Little, Brendan Pierson, Jonathan Oatis Organizations: Justice, REUTERS, U.S, District, Peter Renn of Lambda, Republican, Circuit, Appeals, Thomson Locations: Brittany's, Rennes, France, Idaho, Richmond , Virginia, Virginia, Atlanta, Florida, New York

☆ Trump leadership PAC requests $60 million refund from super PAC as legal fees mount
▼ + stars: | 2023-07-31 | by ( Kristen Holmes | ) edition.cnn.com time to read: +2 min

CNN —As legal fees for Donald Trump and his associates mount, the former president’s leadership PAC that has been used to pay many of these bills requested a refund on a $60 million contribution it made to a super PAC supporting Trump, a source familiar with the matter told CNN. The leadership PAC, Save America, spent more than $40 million on legal fees for him and many of his associates since the start of 2023. The new charges included allegations that Trump and his employees attempted to delete Mar-a-Lago security footage sought by the grand jury. Additionally, earlier this year, Trump was indicted by a Manhattan grand jury on more than 30 counts related to business fraud. The new fund will be called the Patriot Legal Defense Fund Inc., sources previously told CNN, and will be led by Trump associate and adviser Michael Glassner.

Persons: Donald Trump, Jack Smith, Walt Nauta, Carlos De Oliveira, Trump, De Oliveira, Michael Glassner Organizations: CNN, president’s, PAC, Trump, Save, The New York Times, White, Capitol, Patriot Legal Defense Fund Inc Locations: Save America, Manhattan, Fulton County, Georgia

☆ Trump team creating legal defense fund
▼ + stars: | 2023-07-30 | by ( Kristen Holmes | ) edition.cnn.com time to read: +2 min

CNN —Former President Donald Trump’s team is creating a legal defense fund to help offset some of the enormous bills incurred as his legal troubles mount, two sources familiar with the planning told CNN. The new fund will be called the Patriot Legal Defense Fund Inc., according to the sources, and will be led by Trump associate and adviser Michael Glassner. The new charges included allegations that Trump and his employees attempted to delete Mar-a-Lago security footage sought by the grand jury. Video Ad Feedback Hear Michael Cohen's advice to indicted Trump aide 02:12 - Source: CNNEarlier this year, Trump was indicted by a Manhattan grand jury on more than 30 counts related to business fraud. Trump has expanded his legal team in light of the mounting legal battles he is facing.

Persons: Donald Trump’s, Michael Glassner, “, Justice ”, Jack Smith, President Trump, ”, Joe Biden’s, Smith, Walt Nauta, Carlos De Oliveira, Trump, De Oliveira, Michael Cohen's Organizations: CNN, Save, Patriot Legal Defense Fund Inc, Trump, weaponized Department, Justice, The New York Times, White Locations: Save America, Manhattan, Fulton County, Georgia

The Idaho law allows students to sue schools for $5,000 if they encounter a transgender student in a bathroom the law forbids. It effectively puts a "bounty" on transgender students and encourages others to search them out, the lawsuit says. The motion alleges transgender students would be irreparably harmed by being subjected to "profound stigma" and put at higher risk of depression, anxiety and self-harm. "In fact, for years Idaho schools have implemented inclusive policies without harming anyone and only helping to make transgender youth feel safer and more welcome at school." The new law says schools must provide a "reasonable accommodation" for transgender students unwilling or unable to use their assigned bathroom.

Persons: Brad Little, Raul Labrador, Kell Olson, Brendan Pierson, Alexia Garamfalvi, Howard Goller Organizations: Republican, Idaho, of Education, Lambda, Thomson Locations: Idaho, U.S, Boise, New York

"I question whether the state party has the necessary expertise to spend the money well," he said. Kristina Karamo, chair of the Michigan state party, didn't respond to a request for comment for this story. The Arizona party, meanwhile, raised roughly $139,000 in the first three months of this year, according to state and federal filings. But the state party's organizational heft will be hard to replicate, said Jeff Timmer, a former executive director of the Michigan Republican Party. "But not having the state party well funded is detrimental to many Republican campaigns next year," he added.

Persons: Ron Weiser, Weiser, Donald Trump, Trump, Seth Masket, Kelli Ward, Joe Biden, It's, Jim Click, Kristina Karamo, Ward, Jeff DeWit, haven't, Karamo, Matt Johnson, Jason Roe, DeWit, Zlaticanin, Jeff Timmer, Timmer, Jonathan Lines, Tim Reid, Nathan Layne, Ross Colvin, Pravin Organizations: Michigan Republican Party, Republicans, White, U.S . Congress, Republican Party, Michigan, University of Denver, Arizona, Justice Department, Trump, Democratic, Reuters, Republican National Committee, Republican, Biden, Thomson Locations: Michigan, Arizona, North Carolina, Detroit, New Arizona

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☆ Twitter's latest vendor to go unpaid is Oracle, despite Elon Musk's friend Larry Ellison investing $1 billion in the takeover
▼ + stars: | 2023-06-21 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Oracle cofounder Larry Ellison is a fellow billionaire and longtime friend of Musk. Even Elon Musk's close friend and financial backer Larry Ellison isn't safe from the Twitter owner's refusal to pay various bills and expenses. Oracle, the company Ellison cofounded and where he remains chairman and CTO, is the latest Twitter vendor to go months without being paid for services rendered, according to two people familiar with the company. Stiffing Oracle is more of a surprise given Musk's close personal and financial relationship with Ellison. Ellison was subpoenaed as part of Twitter's lawsuit to force Musk into acquiring the company for the agreed upon price.

Persons: Elon Musk, Larry Ellison, Musk, Elon Musk's, Larry Ellison isn't, Ellison, He's, Linda Yaccarino, Kali Hays Organizations: Twitter, Oracle, Google, X Holdings, Tesla, New York Times Locations: Europe, Asia, khays

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