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☆ Tesla stock pops 8% in premarket after report Trump wants to relax U.S. self-driving rules
▼ + stars: | 2024-11-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Tesla shares jumped on Monday following a report that President-elect Donald Trump's transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter. CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies. Full Self-Driving, or FSD, is Tesla's premium driver assistance system, currently available in a "supervised" version for Tesla electric vehicles. Trump's transition team is reportedly looking for policy leaders for the Transportation Department to develop a federal regulatory framework for self-driving vehicles, according to Bloomberg.

Persons: Elon Musk, Donald Trump, Tesla, Donald Trump's, Musk, Vivek Ramaswamy, Google's, Emil Michael, Sam Graves of, Garret Graves Organizations: Republican, U.S . Transport Department, Bloomberg, CNBC, Trump, National, Traffic Safety Administration, Transportation Department, White, Government, FSD, Uber Locations: Butler , Pennsylvania, U.S, Texas, California, Sam Graves of Missouri, Garret Graves of Louisiana

☆ DOGE wants to 'delete' entire federal agencies, Vivek Ramaswamy says
▼ + stars: | 2024-11-18 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +2 min

AdvertisementVivek Ramaswamy, cohead of DOGE, said he expects to recommend the wholesale closure of some agencies. Vivek Ramaswamy said to expect the abolishment of entire federal agencies as part of a sweeping restructure envisioned by DOGE. AdvertisementOn Sunday morning, Ramaswamy appeared on Fox News and was asked about DOGE's plans for the future of federal agencies. Maria Bartiromo, the Fox host interviewing Ramaswamy, mentioned the Department of Education as a possible cut, but Ramaswamy instead answered in general terms. Eliminating federal agencies could be a hard ask though.

Persons: Vivek Ramaswamy, cohead, Ramaswamy, Elon Musk, Trump, Donald Trump, Maria Bartiromo, Jack Newsham Organizations: Department of, President, Fox News, of Education, Fox, Republican, Congress, Nuclear Regulatory Commission, FBI

☆ A $40 Optimus robot figurine is the latest addition to Tesla's merch line — see the other wacky items it's sold
▼ + stars: | 2024-11-18 | by ( Kate Duffy | Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Tesla recently added to the list a $40 Tesla Bot Action Figure of the humanoid robot it's developing. Here's a list of the weird merchandise Tesla has sold, including flamethrowers and surfboards. A $40 collectible figure modeled after Tesla's Optimus Gen 2 humanoid robot. Under Musk's leadership, SpaceX, Tesla, and The Boring Company have sold a number of quirky wares, oftentimes taking inspiration in name or design from Tesla vehicles or SpaceX rockets. Here's a look at some of the weirdest products Tesla has sold to date:

Persons: Elon Musk, Tesla, he's, Tesla's Optimus Organizations: Tesla's, SpaceX, Tesla, The, Company, eBay

☆ Microsoft Copilot's underperformance is the latest red flag for investments in AI
▼ + stars: | 2024-11-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

The big storyA Copilot conundrumMicrosoft; Chelsea Jia Feng/BIMicrosoft's challenges with its flagship AI product could be another red flag for an industry with high hopes for the tech. Earlier this year, analysts at Barclays highlighted an under-the-radar risk to AI bets: the depreciation costs related to AI chips . A potential Trump trade plan beneficiary: US semiconductor jobs. If Trump's proposed trade plan is enacted, the American semiconductor industry could see hiring growth. Walmart might be just fine under Trump's proposed trade plan.

Persons: Copilot, Chelsea Jia Feng, Insider's Ashley Stewart, Satya Nadella didn't, doesn't, Ashley, It's, Sam Altman, Alistair Barr, Alyssa Powell, Jared Spataro, OpenAI, Biden, Carlyle, Will Matt Gaetz, Will Trump, Rob Arnott, Arnott, ANGELA WEISS, Trump's, Ilya Sutskever, Mira Murati, Rebecca Zisser, homebuyers, Trump, Bob Iger, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, New York.Milan Sehmbi Organizations: Business, Microsoft, Chelsea, Getty, Lumen Technologies, Barclays, Trump, Treasury, UFC, Republican, Getty Images, Elon, Spirit Airlines, JetBlue, Walmart, Walmart US, Shoppers, The Locations: Ukraine, Russia, Rio de Janeiro, New York, Chicago, London, New York.Milan

☆ The admitted and investigated drug use in some of Trump’s top picks
▼ + stars: | 2024-11-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —President-elect Donald Trump’s Cabinet picks are unique for many reasons. Kennedy brings his addiction worldview to prescription drugs such as those overseen by the Food and Drug Administration, which he would oversee if confirmed as HHS secretary. But Musk denied allegations of past drug use as reported in The Wall Street Journal early this year. Federal employees are barred from taking illegal drugs, and there are no reports to indicate that any of Trump’s Cabinet or other administration picks are using illegal drugs. CNN has reported that this year, Trump’s team is bypassing long and cumbersome FBI background checks for some of his Cabinet picks.

Persons: Donald Trump’s, Matt Gaetz, It’s, –, Gaetz, Robert F, Kennedy Jr, Kennedy, Kurt Andersen, ” Elon Musk, Matthew Perry, Joe Rogan’s, Musk, Larry Kudlow, Hunter, Hunter Biden, Trump, Fred, Theo Von’s “, ” Von, Von, Sackler, Xi Jinping, Biden, Joe Biden, Florida’s Organizations: CNN —, Drug Enforcement, Department of Health, Human Services, Harvard University, Food and Drug Administration, Fox News, “ Department, Government, NASA, SpaceX, Street, Trump, CNN, Biden White, of Justice, Supreme, Purdue Pharma, Republican Locations: Florida, South Dakota, China, Mexico

☆ Wall Street analysts explain why Tesla is booming postelection while other EV makers struggle
▼ + stars: | 2024-11-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Pure-play electric vehicle stocks like Rivian and Lucid are flat and down more than 3%, respectively, since Trump's victory. So why is Tesla soaring even as a second Trump administration is expected to fundamentally disrupt the U.S. electric vehicle market? And increased tariffs could make inputs for electric vehicles more expensive. These headwinds ignore the fact that Trump's new best friend is Tesla CEO Elon Musk, Bernstein analyst Toni Sacconaghi told clients in a Monday note. But Tesla's fundamentals are largely steady postelection, while Musk's relationship with Trump underlines how Tesla largely controls the self-driving vehicle narrative, the analyst said.

Persons: Tesla, Donald Trump, Trump, Elon Musk, Bernstein, Toni Sacconaghi, Musk, Vivek Ramaswamy, Sacconaghi, Dan Levy, Levy Organizations: U.S, Ford, General Motors, Trump, GOP, UBS, Bloomberg News, Traffic, Administration, Barclays, Tesla Locations: Friday's

☆ Janja Lula da Silva, Brazil’s first lady, swears at Elon Musk at G20 event
▼ + stars: | 2024-11-18 | by ( ) edition.cnn.com time to read: +1 min

Brazil’s first lady, Janja Lula da Silva, swore while addressing billionaire Elon Musk during a G20 event on the weekend, at which she spoke about the need to regulate social media to rein in misinformation. A ship’s horn sounded as she spoke Saturday and she joked, “I think it’s Elon Musk,” before adding, “I’m not afraid of you, f**k you, Elon Musk.”Musk, owner of social network X, reacted to a video of her remarks by posting a laughing out loud emoji graphic. In another post, he added, “They are going to lose the next election,” in a reference to President Luiz Inacio Lula da Silva. The president’s wife spoke at an event ahead of the Rio de Janeiro summit of the G20 group of largest nations set for Monday and Tuesday. X was cleared to resume service in Brazil last month, after it reversed course and started complying with the court rulings.

Persons: Brazil’s, Janja Lula da Silva, Elon Musk, “, “ I’m, Luiz Inacio Lula da Silva Organizations: ” Locations: Rio de Janeiro, Brazil, Australia, United Kingdom

☆ Yields are 'skyrocketing' as markets digest Trump & Musk's policy agenda: Mirova
▼ + stars: | 2024-11-18 | 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 EmailYields are 'skyrocketing' as markets digest Trump & Musk's policy agenda: MirovaBertrand Rocher of Mirova discusses the market's reaction to Donald Trump, as well as the reaction to Elon Musk's announcement to cut the US federal budget by $2 trillion dollars.

Persons: Bertrand Rocher, Mirova, Donald Trump, Elon Organizations: Trump

☆ Brendan Carr wrote the FCC chapter in ‘Project 2025.’ Now he’s Trump’s pick for the agency
▼ + stars: | 2024-11-18 | by ( Brian Stelter | ) edition.cnn.com time to read: +7 min

New York CNN —President-elect Donald Trump’s pick for chairman of the Federal Communications Commission, Brendan Carr, wasted no time in stating his priorities on Sunday night. Carr is now the senior Republican at the agency, which meant he was widely expected to get the chairman appointment. As chairman, Carr may be able to steer generous federal subsidies to Starlink. In his Project 2025 chapter, Carr laid out an agenda for the federal agency under a future Trump administration. The FCC chairman during Trump’s first term in office, Ajit Pai, had a very different set of priorities.

Persons: Donald Trump’s, Brendan Carr, Carr, ” Carr, Elon Musk, ”, Trump, NewsGuard, hasn’t, “ Carr, Gigi Sohn, Tom Wheeler, Trump’s, Ajit Pai, Pai, Jessica Rosenworcel, can’t Organizations: New, New York CNN, Federal Communications Commission, FCC, Democrats, Republican, Politico, Elon, Facebook, Twitter, Meta, Microsoft, Apple, Trump, Communications, Free Press, Democratic, Democrat Locations: New York, Big Tech

“I don’t think that Black Twitter is going to exist within the next couple of years,” said Jonathan Johnson, a 29-year-old behavioral therapist in Houston and a longtime Twitter and X user. “Social media is only important because of the social part, and if you don’t have that, people aren’t going to use” the app. Like many others, Black users have been eyeing an exit from the app since 2022, but users told NBC News that this mass exodus feels more permanent. He criticized the functionality of the app and said it will suffer without a mass of Black users. “It feels like a very welcoming, safe space,” said Pariss Chandler, the organizer of Black Tech Twitter and the founder of the recruitment platform Black Tech Pipeline.

Persons: ”, Jonathan Johnson, Mike Brown’s, Donald Trump, “, Ashon Crawley, Johnson, ” Elon, Musk, “ I’m, ” Crawley, Emily Liu, ” Liu, Gabrielle Union, Don Lemon, Vivek Ramaswamy, ” Johnson, Pariss Chandler, Chandler, “ It’s, ” Chandler, they’re, Rudy Fraser, Fraser, “ there’s, Bluesky, Bluesky’s, Blacksky Organizations: Twitter, University of Virginia, NBC News, Bluesky, Meta, Republican, “ Department, Government, Black Tech Twitter, Black Tech Pipeline Locations: Houston, Similarweb, Bluesky, Los Angeles, Crawley, Still

☆ Elon Musk downsized Big Tech. Can he do the same to Big Government?
▼ + stars: | 2024-11-17 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

And to run the new cost-cutting department, Trump tapped the businessman he calls the world's "greatest cutter" — Elon Musk. If you're looking to take a chainsaw to the federal government, Musk seems perfectly suited to the job. When it comes to federal spending, one person's waste is another person's bread and butter. And his massive investments in electric vehicles and social media are dependent on all sorts of federal spending and oversight. Musk has acknowledged that Americans will feel "hardship" as a result of the cuts he wants to see implemented.

Persons: Donald Trump, Trump, Elon Musk, Musk, cochair, Vivek Ramaswamy, Ronald Reagan —, There's, Michael Morris, Morris, it's, Andy Wu, Linda Bilmes, Ronald Reagan, Joel Friedman, Brian Hughes, DOGE, Reagan, Ramaswamy, It's, Sam, Uncle, Elon Organizations: Department of Government, Twitter, Tesla, SpaceX, Defense Department, IRS, Columbia Business School, Harvard Business School, Government, Harvard Kennedy School, Office, GAO, Fox News, Budget, Federal Aviation Administration, Veterans Administration, — Locations: Ecuador, Independence

☆ Jon Jones retains UFC heavyweight title with spinning kick to stop Stipe Miocic, celebrates with President-elect Donald Trump
▼ + stars: | 2024-11-17 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Jon Jones retained his UFC heavyweight title with an impressive spinning kick to stop Stipe Miocic in the third round of their fight at UFC 309 on Saturday at Madison Square Garden. Jones had not fought since winning the title in his heavyweight debut in March last year while for Miocic, it was his first time in the octagon since 2021. Jones' spinning kick ended the fight against Miocic. Jones (right) and Trump (left) celebrate after Jones' victory over Miocic at UFC 309. Having received his title belt, Jones walked to celebrate with Trump, shaking hands and letting Trump hold the belt.

Persons: Jon Jones, Stipe Miocic, Jones, Tom Aspinall –, Alex Pereira, Chris Unger, “, Dana, White, Hunter, Campbell, ” Jones, Joe Rogan, he’d, Uncle Hunter, “ I’m, I’m, Miocic, Donald Trump, Elon Musk, Mike Johnson, Robert F, Kennedy Jr, Trump, ’, Evan Vucci Organizations: CNN, UFC, Madison, Miocic, White, Republican National Convention, Trump, AP Trump Locations: New York, Milwaukee

☆ Doctors say RFK Jr.’s anti-Ozempic stance perpetuates stigma and misrepresents evidence
▼ + stars: | 2024-11-17 | by ( Meg Tirrell | ) edition.cnn.com time to read: +9 min

Sanjay Gupta Reports: Is Ozempic Right For You?” at 8 p.m. Sunday, November 17, on CNN. Even as they agree that it’s important to address growing rates of diabetes and obesity, doctors in that field say Kennedy’s plans miss the mark. Not everyone with obesity will want the drugs, and for some, they may have strong side effects such as nausea. Doctors who treat people with obesity suggest that fixing the food system shouldn’t be mutually exclusive with using weight-loss medications, when appropriate. “But a lot of his thinking is like ‘A plus B plus C plus miracle, and you’ve got an answer.’”

Persons: Sanjay Gupta, Robert F, Kennedy Jr, Donald Trump’s, —, ” Kennedy, Greg Gutfeld, Kennedy, European Union “, Ozempic, ideation, Michael Osterholm, ” Osterholm, “, Trump, he’s, Kennedy’s, Josh Green, that’s, Kennedy —, ”, Jody Dushay, Dr, Angela Fitch, “ We’ve, ” Fitch, we’ve, ‘, ” Dr, Daniel Drucker, ” Drucker, don’t, they’re, Fitch, Doctors, Elon Musk, who’s, ” Musk, It’s, he’d, you’ve, ’ Organizations: CNN, US Department of Health, Human Services, Fox News, Novo Nordisk, Danish Medicines Agency, European Union, US Food and Drug Administration, Infectious Disease, University of Minnesota, FDA, US Centers for Disease Control, National Institutes of Health, Centers, Medicare, Services, HHS, Hawaii Gov, Environmental Protection Agency, BMI, Harvard Medical School, Beth Israel Deaconess Medical, Fox, CNN Health, NPR, Trump Locations: Denmark, America, Hawaii, Samoa

☆ Trump, Musk, and new cabinet picks celebrate election victory with surprise appearance at UFC
▼ + stars: | 2024-11-17 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +2 min

AdvertisementDonald Trump celebrated his election win at UFC 309 with key allies. Trump was joined by Elon Musk, Tulsi Gabbard, and Robert F. Kennedy Jr.Musk, who invested millions in Trump's campaign, will lead a new cost-cutting agency. Donald Trump celebrated his election victory with a surprise appearance at UFC 309 on Saturday. The president-elect, flanked by UFC chief Dana White, arrived at Madison Square Garden to thunderous applause and cheers from the packed-out crowd. "I also want to say a big, big thank you to President Donald Trump for being here tonight," Jones said, before imitating Trump's "YMCA" dance.

Persons: Donald Trump, Trump, Elon Musk, Tulsi Gabbard, Robert F, Kennedy Jr, Musk, Dana White, — Elon Musk, Vivek Ramaswamy, Robert F Kennedy Jr, Joe Rogan, Jon Jones, Jones, ike J ohnson,, hite, ince Organizations: UFC, Elon, " Department of Government, Trump, FC, FK J, ust Locations: Madison, usk

☆ From Jeff Bezos to Mark Zuckerberg, here are the billionaires investing in robots
▼ + stars: | 2024-11-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: 1 min

Elon MuskTesla Optimus robot prototypes walk onto a stage. Screengrab from We, Robot livestreamElon Musk has been working on the Optimus humanoid robot for years. At Tesla's Robotaxi event last month, the robots poured drinks and played rock-paper-scissors with guests (though they were remotely controlled by humans). Outside Tesla, Musk personally invested in Vicarious when it was an AI startup working on general intelligence for robots. Vicarious has since been acquired by Intrinsic, an AI robotics company at Google's parent company, Alphabet.

Persons: Elon, Robot livestream Elon Musk, Musk, Tesla

☆ The hidden dangers of parabolic stock moves — and how to best handle them
▼ + stars: | 2024-11-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

People always ask me why I dislike parabolic moves. In other words, parabolic moves force you to be a trader. I will fight no one who wants to buy Palantir because I sense that one will be the last name to go down. But parabolic moves are intoxicating. If we just had the 10-year bond move to 5%, I wouldn't even bother addressing the hidden dangers behind parabolic moves.

Persons: —, it's, Nvidia disappoints, Elon Musk, Robert F, Kennedy Jr, that's, Buffett, Warren, didn't, Fox, Richard Nixon, there's, Jim Cramer's, Jim Cramer, Jim, Alex Karp, Stefani Reynolds Organizations: York Stock Exchange, Nvidia, GameStop, SpaceX, RFK Jr, Health, Human Services Department, Apple, Amazon, Fox News, Republicans, Justice Department, Nuclear ETF, Jim Cramer's Charitable, CNBC, U.S, Senate, Intelligence, Capitol, Washington , D.C, Afp, Getty Locations: There's, Washington, Washington ,

☆ I flew in the 'world's best' business class where the luxury is next level. See inside Qatar Airways' Airbus A350 QSuite.
▼ + stars: | 2024-11-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

AdvertisementI flew in Qatar Airways' QSuite business class, which Skytrax named as the world's best for 2024. Thanks to the plush suite with a sliding door and the friendly cabin crew, it felt super luxurious. Top-notch food and generous pours on the drinks really elevated the luxury experience. Qatar Airways' signature QSuite business class was named the world's best business class at this year's Skytrax awards, often called the aviation industry's Oscars. Here's what it was like to fly in Qatar Airways' QSuite.

Persons: Elon Musk's Organizations: Qatar Airways, Airbus, Elon Musk's Starlink, White Company Locations: London Heathrow, Doha, Swiss

☆ Those bold AGI predictions are suddenly looking stretched
▼ + stars: | 2024-11-17 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

The generative AI boom has inspired bold AGI predictions ranging from this happening in 2025, 2026, or maybe 2027. AdvertisementThat's the main reason for huge gains in recent years in the performance of AI models. AdvertisementHorowitz noted several factors that are holding back AI model improvements, including a lack of new high-quality human data and problems sourcing the extra energy needed to power AI data centers. AGI questionsIf the main tried-and-true method for improving AI models is no longer working, we are unlikely to get AGI anytime soon. Altman's bold AGI predictions may also be an effective rallying cry for hard-working OpenAI employees.

Persons: Sam Altman, there's, that's, Oren Etzioni, Etzioni, Ilya Sutskever, Noam Brown, Google hasn't, Marc, Ben, Marc Andreessen, Ben Horowitz, Andreessen, Horowitz, we're, OpenAI, Altman, we've, AGI, Elon Musk, It's Organizations: YouTube, Allen Institute, Tech, Reuters, Orion, Bloomberg, Google, AGI, Microsoft, Intel, Computer, Artificial Intelligence Locations: Seattle

☆ Insider Today: Uncle Elon vs. Uncle Sam
▼ + stars: | 2024-11-17 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

He talked to Business Insider about facing the "vacuum of death" in just a spacesuit. On the agenda today:Related VideoBut first: The world's richest man takes on the world's biggest government budget. Walking the DOGEXAOC/Getty, The Washington Post/Getty, t_kimura/Getty, Tyler Le/BIElon Musk made his name and fortune disrupting antiquated industries. AdvertisementBI secured access to an internal Tesla pay database, revealing the company's high-risk, high-reward system. The pay structure is ultimately part of CEO Elon Musk's quest to hire the most "hardcore" employees.

Persons: Jared Isaacman, XAOC, Tyler Le, Elon Musk, he's, Musk, Tesla, Reagan, Clinton, Jordan Strauss, Rebecca Zisser, Elon, Robot, Anna Kim, Getty, Michael Ostuni, —, Fiona Carter, Natalie Ammari, Sylvia Yeh, Goldman Sachs Organizations: Business, SpaceX, The Washington Post, Elon, of Government Efficiency, Twitter, Big Government, Big Tech, Tesla, Forward Press, Goldman, Corporate America

☆ Alec Baldwin debuts RFK Jr. impression on 'Saturday Night Live' as the cast mocks Trump's cabinet picks: 'I got a dead dolphin in my car'
▼ + stars: | 2024-11-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Baldwin played Robert F. Kennedy Jr., Trump's health secretary nominee. The show also saw Sarah Sherman play Matt Gaetz, Trump's pick for attorney general. We've got Kristi Noem and RFK Jr. "Girls' volleyball season," Sherman said, before introducing Alec Baldwin as RFK Jr. — a well-known vaccine skeptic and conspiracy theorist. Trump, Musk, and RFK Jr. appeared together alongside other cabinet picks at UFC 309 on Saturday.

Persons: Alec Baldwin, Baldwin, Robert F, Kennedy Jr, Sarah Sherman, Matt Gaetz, Donald Trump's, James Austin Johnson's Trump, We've, Kristi Noem, Johnson, Gaetz, Sherman, —, XCX, Elon Musk, Elon, Trump, Dana White Organizations: NBC, Elon, RFK Jr, Trump, Health, Human Services Department, UFC Locations: Central Park, British, Madison

☆ I've had Bluesky for less than a week. Here's how to get started with the competitor to Elon Musk's X.
▼ + stars: | 2024-11-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

AdvertisementBluesky has seen a surge in users after the US election and as X introduces new terms of service. Bluesky is having quite the week as millions of people flock to sign up in the wake of the US election and new terms of service coming to X. Bluesky had 17 million users as of Friday, according to a live stat-tracker by a Bluesky developer. As departure announcements and Bluesky links popped up in my X feed on Wednesday, I became curious to see how the app attracted so many new accounts. Jordan Hart/BIBluesky's posts, known as "skeets," work similarly to posts on X (previously known as "tweets").

Persons: Bluesky, Jack Dorsey, Elon Musk, Donald Trump, X, they'd, Mark Zuckerberg, Jordan Hart Organizations: Twitter Locations: Bluesky

☆ The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
▼ + stars: | 2024-11-17 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +10 min

Crypto super PACs spent heavily on Republicans as well as key Democrats, including two who won open seats in the US Senate, Elissa Slotkin in Michigan and Ruben Gallego in Arizona. How Washington regulates the industry has enormous consequences for this burgeoning sector, along with the 52 million Americans who now hold digital assets. “The strategy is to have as many conversations with as many people in the Trump orbit as possible so that everyone has an understanding of what the crypto industry is most interested in,” she said. They also helped finance Fairshake, a crypto industry super PAC launched last year that was active in congressional contests. An industry super PAC spent $40 million to back to Republican Senate candidate Bernie Moreno in Ohio, who ousted three-term Democratic Sen. Sherrod Brown.

Persons: Donald Trump, Gary Gensler, Biden, Crypto, Elissa Slotkin, Ruben Gallego, Sam Bankman, “ Crypto, ” Kristin Smith, we’ll, that’s, ” Smith, ”, Smith, Dan Gallagher, Paul Atkins, Atkins, Gallagher, Bitcoin, Trump, –, It’s, Barron, Steve Witkoff, multibillionaire Elon Musk, Cantor Fitzgerald Howard Lutnick, Carlos Barria, Reuters Howard Lutnick, Cantor Fitzgerald, Marc Andreessen, Ben Horowitz –, Sergio Gor, Andreessen, “, Tyler, Cameron Winklevoss, Musk, Katie Porter, Massachusetts Sen, Elizabeth Warren, Porter, Adam Schiff, Bernie Moreno, Democratic Sen, Sherrod Brown, Brown, Moreno, Colin McLaren, ” Robert Weissman, Andreessen Horowitz, Kara Calvert, CNN’s David Wright Organizations: CNN, Trump, Securities, Exchange Commission, Industry, Crypto, Blockchain Association, SEC, Token Alliance, Liberty, Liberty Financial, of Government, Republican, Reuters, Venture, Biden, PAC, Democratic Rep, Democratic, Banking Committee, Commodities Futures Trading Commission, Cedar Innovation Foundation, Consumer, Public Citizen Locations: Washington, Michigan, Arizona, Madison, New York City, U.S, America, Bitcoin, Massachusetts, California, Ohio

Attorneys for X Corp., the firm established by Elon Musk to take over Twitter, filed a notice of appearance on Thursday in the bankruptcy case of Alex Jones and his Infowars platform. The new owners of satirical news site The Onion had been declared the successful bidders for Jones’ controversial platform, alongside families of the Sandy Hook massacre victims. Musk has allowed Infowars to broadcast on X while Infowars’ fate is in limbo. Jones has used Infowars as a platform to promote conspiracy theories, far-right ideologies and misinformation. Jones’ bankruptcy stems from his obligation to pay $1.5 billion in damages to families of Sandy Hook Elementary School shooting victims, who filed defamation lawsuits over his false claims that the massacre was a hoax.

Persons: Elon Musk, Alex Jones, Jones, Sandy, ”, Christopher M, Lopez, Mother Jones, Donald Trump, Musk, Ben Collins —, ” Collins, Infowars Organizations: X Corp, Elon, Twitter, Bloomberg, Sandy Hook Elementary, NBC Locations: Texas

On the right, familiar conspiracy theories about voting popularized by President-elect Donald Trump continued to circulate. NewsGuard said there was “no evidence” that Starlink was used to interfere with the presidential election in Trump’s favor. As the 2024 election results were reported, social media users on the left began to speculate about Musk’s role in vote counting. “Kamala Harris left us a breadcrumb,” one TikTok user said about the updated language on the fund’s website in a video that received over 700,000 views. CISA responded to this speculation on its website’s “Rumor vs. Reality” resource, where it has debunked election misinformation.

Persons: Donald Trump, Kamala Harris, Sam Howard, NewsGuard, Elon Musk’s, Starlink, Max Read, ” Read, “, ”, denialism, ” NewsGuard’s Howard, ” Howard, Howard, Trump, weren’t, Musk, Joe Rogan, Theo Von, Harris, “ Starlink, Elon Musk, Jen, “ Kamala Harris, CISA Organizations: President, Facebook, NBC, Institute for Strategic, NBC News, Trump, Conservative, “, Cybersecurity, Infrastructure Security Agency, Fund, Republicans, Street Journal, Democratic National, Harris, Democratic Party, FBI Locations: NewsGuard’s U.S, U.S, Wisconsin, Trump’s, Pennsylvania, California

☆ Elon Musk throws his weight behind Howard Lutnick over Scott Bessent for Treasury secretary
▼ + stars: | 2024-11-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Musk wrote on X that Cantor Fitzgerald chief executive Howard Lutnick would "actually enact change." Lutnick and Key Square Group founder Scott Bessent are leading contenders for the role. Elon Musk on Saturday said that Cantor Fitzgerald CEO Howard Lutnick would "actually enact change" should he be tapped as President-elect Donald Trump's Treasury secretary. Advertisement"My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change," Musk wrote. My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change.

Persons: Elon Musk, Musk, Cantor Fitzgerald, Howard Lutnick, Scott Bessent, Donald Trump's, Trump, Bessent, Republican Sen, Lindsey Graham of, Semafor, Graham, igGLZOJ8wz — Elon Organizations: Elon, Key Square, Group, Republican, Street Journal Locations: Lindsey Graham of South Carolina, South Carolina

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