A dark money group is attacking a Utah GOP senator's bill meant to protect access to a federal program requiring drug manufacturers to sell medications at a reduced rate to hospitals and clinics that serve disadvantaged communities.
Wall Street banks, finally within striking distance of offloading debt tied to X, have a sweetener on offer for potential buyers: a claim on the social-media platform’s stake in Elon Musk’s artificial intelligence venture.
The Federal Aviation Administration’s leader stepped down on Jan. 20, months after Elon Musk demanded that he quit.The move by Michael Whitaker means the FAA has no Senate-confirmed leader for one of the biggest crises in its history because he quit before Donald Trump took office.
Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts.
Even so, Mr Ellison remains the world’s fifth-richest man, and Oracle the third-biggest software firm. He has a thing or two to teach fellow tech titans, in particular his friend Elon Musk, about staying power.
X’s deal with Visa, the largest U.S. credit card network, was announced by CEO Linda Yaccarino and will be dubbed X Money Account.
The Wall Street Journal reports banks are close to selling some of the $13 billion in debt they took on while helping Musk buy Twitter in 2022. Richard Lawler is a senior editor following news across tech,
Elon Musk had sharp words for a private-sector partnership touted this week by the Trump administration to hasten the development of artificial intelligence infrastructure. “They don’t actually have the money,” Musk said of two of the participants in the $500 billion initiative, OpenAI and SoftBank, on his social media site X.
As the first week of Trump’s second term gets underway, the not-quite-real Department of Government Efficiency is both struggling and expanding its remit.