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Donald Trump, newly inaugurated, faces scrutiny for a gaffe regarding BRICS nations, mistakenly suggesting Spain is a member. Meanwhile, Elon Musk is set to have significant influence in the administration, potentially controlling a non-department aimed at reducing government size. Trump also plans to pardon individuals convicted for their roles in the January 6 Capitol riot, including leaders of extremist groups, raising concerns about the implications for justice and accountability.
Amazon's stock has shown impressive growth, recently rising 2.4% to $225.94, driven by strong performance in its AWS division and strategic investments, including a $5 billion expansion in Mexico. However, the company faces legal challenges in Germany regarding its Prime service price adjustments, which have been deemed unlawful by a regional court. Despite these hurdles, analysts have raised price targets, reflecting confidence in Amazon's market position and growth prospects.
Elon Musk is set to move into the Eisenhower Executive Office Building as part of his role in the newly formed "Department of Government Efficiency" (DOGE), which aims to cut $2 trillion from the federal budget. This close relationship with President-elect Trump raises questions about influence and governance, especially given Musk's significant financial support for Trump's campaign. The dynamics of their partnership may face challenges as the Trump administration unfolds.
Elon Musk is set to lead the newly formed Department of Government Efficiency, aimed at reducing bureaucracy in Washington, despite its ironic inception. Meanwhile, the SEC has filed a lawsuit against Musk for failing to disclose his Twitter stock purchases on time, alleging he underpaid investors by $150 million. This legal action comes as Musk's influence grows, raising concerns about the government's ability to regulate powerful figures effectively.
Tesla stock surged over 6% amid speculation that CEO Elon Musk might acquire TikTok, which faces a potential ban unless sold to an American buyer by January 19. Analysts suggest Musk's close ties with Beijing could facilitate a deal, despite TikTok's denial of such claims. Meanwhile, Trump is exploring options to prevent the ban, potentially rallying Congress to act.
The Supreme Court's decision to uphold a law mandating TikTok's sale by Sunday has sparked speculation about potential buyers, including Elon Musk, MrBeast, and Kevin O'Leary. President Biden has left enforcement of the ban to incoming President Trump, who has expressed intentions to "save" the app. Concerns over Chinese government influence and data privacy have fueled the push for an American ownership structure.
The Supreme Court's unanimous decision highlights Congress's view of TikTok as a security threat, raising questions about its future in the U.S. Elon Musk, with his close ties to the Chinese government and significant financial resources, emerges as a potential buyer, though any acquisition would require Beijing's approval. As tensions persist, TikTok may consider shutting down in the U.S. if compliance becomes untenable.
Elon Musk and Vivek Ramaswamy's newly formed Department of Government Efficiency (DOGE) is considering a proposal to cut federal diversity and inclusion programs, potentially freeing up significant budget funds. A report claims over $120 billion is spent annually on these initiatives, which DOGE advisors deem unconstitutional. While complete elimination is unlikely, substantial cuts are anticipated as DOGE aims to reduce federal spending by up to $2 trillion, though Musk suggests a more realistic target may be $1 trillion.
Elon Musk is set to speak at President-elect Donald Trump’s pre-inauguration rally, where he will discuss his role in leading the newly established Department of Government Efficiency (DOGE). The initiative aims to cut $2 trillion from the federal budget by eliminating waste and streamlining operations, although Musk has suggested that a more realistic target may be $1 trillion. Other speakers at the event include Vice President-elect JD Vance and media personality Megyn Kelly.
Mark Zuckerberg, Elon Musk, and Donald Trump are forming a powerful alliance against the EU's stringent digital regulations, which have already cost tech giants billions in fines. As they push back against these laws, concerns grow over potential political meddling and the erosion of democratic values in Europe. Musk's involvement in European politics, particularly his support for far-right parties, raises alarms among leaders like French President Emmanuel Macron.
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01:00 21.01.2025
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09:08 20.01.2025
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23:28 17.01.2025
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20:49 17.01.2025
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potential buyers emerge for tik tok ahead of impending ban
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20:02 17.01.2025
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18:28 17.01.2025
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17:44 17.01.2025
Elon Musk to speak at Trump's pre-inauguration rally in Washington D.C.
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15:58 17.01.2025
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14:57 17.01.2025
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