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Nvidia's stock reached a new high, closing up 0.5% and marking a 196% increase in 2024, despite high expectations. Meanwhile, MicroStrategy dropped 16% after a short report, while Fannie Mae and Freddie Mac saw significant gains amid privatization speculation. Tesla shares rose 35% since the election, contrasting with Amazon's slight decline.
Jeff Bezos refuted Elon Musk's claim that he advised others to sell their SpaceX and Tesla stocks, stating, "Nope. 100% not true." Musk later acknowledged his error, responding with, "Well, then, I stand corrected," accompanied by a laughter emoji.
A sweeping bill allowing the president to revoke the tax-exempt status of nonprofits deemed to support terrorism passed the House with a 219-184 vote. Critics, including the ACLU and Planned Parenthood, warn it could target a broad range of organizations, undermining due process and threatening essential services. As the legislation moves to the Senate, concerns grow over its potential impact on civil rights and public health.
Bluesky, led by CEO Jay Graber, has gained traction as a competitor to X and Threads, boasting over 21 million users. Graber emphasizes the platform's "billionaire proof" design, allowing users to retain their followers and migrate easily, contrasting with the turmoil seen at Twitter post-Musk's acquisition. The company, which became independent in 2022, plans to enhance its open-source model and expand its developer ecosystem while avoiding algorithm-driven advertising.
SEC Chair Gary Gensler will resign on January 20, allowing President-elect Donald Trump to appoint a successor. Gensler's tenure, marked by a rigorous regulatory approach, included increased disclosures for companies and disputes with the crypto industry and Elon Musk. Trump's administration may reshape the SEC further, with additional commissioner terms expiring soon.
The evolution of clean technology sales has shifted from environmental appeal to personal energy independence. As solar panels and electric vehicles become mainstream, the focus is now on the freedom and reliability they offer, allowing individuals to generate their own power and reduce dependence on traditional energy sources. This change in narrative aims to counteract misconceptions about clean tech infringing on personal liberties.
Arab officials express concern over Trump's potential support for Israeli annexation in the West Bank and Gaza, hoping Saudi Arabia can leverage its relationship with him to moderate his stance. Meanwhile, Marc Rowan emerges as a leading candidate for Treasury secretary, with significant backing from Wall Street. As the region braces for a pro-Israel agenda, Lebanese officials are cautiously optimistic about the influence of Massad Boulos, a family connection to Trump.
Elon Musk is urging users to upload their medical scans to the X platform to enhance Grok, an AI chatbot showing promise in medical analysis but already facing criticism for diagnostic errors. Concerns about privacy and data security loom large, highlighting the need for strict regulations in the intersection of AI and healthcare. The initiative underscores the tension between rapid technological advancement and the ethical imperatives of patient confidentiality.
In the lead-up to the US presidential election, a prominent UAE royal met with Elon Musk, while the head of Saudi Arabia’s Public Investment Fund was seen with Donald Trump and Musk post-election. This alliance is viewed as a significant opportunity for influential Middle Eastern financiers like Sheikh Tahnoon bin Zayed Al Nahyan and Yasir Al Rumayyan.
Elon Musk's endorsement of Donald Trump for the presidency presents both opportunities and challenges for the entrepreneur. Discussions highlight how Musk's influence could shape the Trump administration and the potential benefits for his businesses, including SpaceX and xAI, as they seek to capitalize on new deals.
Elon Musk
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
vidia hits new high as market reacts to earnings and speculation
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