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President Donald Trump is optimistic about finalizing a deal for TikTok's US operations before the April 5 deadline, as mandated by a 2024 law due to national security concerns regarding its Chinese ownership. Private equity firm Blackstone and other non-Chinese stakeholders are reportedly leading the bid, with the White House showing flexibility, including potential tariff reductions, to facilitate the agreement.
Elon Musk has labeled Minnesota Governor Tim Walz a "huge jerk" after Walz mocked Tesla's plummeting stock price during a town hall. This exchange highlights the increasing polarization in U.S. politics, as public figures engage in unfiltered disputes that resonate with their respective bases, further deepening partisan divides. Political analysts suggest such confrontations are likely to persist, reflecting a trend of incivility in political discourse.
The debate over UBS's equity capital has escalated into a national issue in Switzerland, with opinions ranging from the bank's assertion of being well-capitalized to the SP's demand for an additional 40 billion francs. Despite recommendations from the Swiss National Bank and Finma to eliminate rebates for UBS subsidiaries, political discussions are undermining expert guidance, likening the situation to negotiating the structural integrity of a highway bridge.
The Swiss Federal Council utilizes Threema for secure communications, particularly for sensitive discussions like the UBS-Credit Suisse agreement. Unlike the US government's Signal mishap, Threema Work ensures user identification to prevent unauthorized access. Amid rising geopolitical tensions, interest in secure messaging is increasing, with Threema gaining traction among governments and organizations worldwide, despite facing a ban in Russia.
Trump's demand for Ukraine to repay over $123 billion in US aid, with interest, marks a significant shift in American policy, reflecting his skepticism towards Ukraine's war effort and President Zelensky. This approach could strain Ukraine's military capabilities and reshape US relations with allies, as it prioritizes financial interests over geopolitical commitments. The insistence on repayment, tied to Ukraine's mineral wealth, raises concerns about the future of US support and the broader implications for international alliances.
Nick Denton critiques the current media landscape, suggesting that figures like Elon Musk and Joe Rogan have succumbed to audience capture, catering to extreme elements of their audiences. He argues that policy is being shaped by a small group on X, who are competing for the approval of a radical minority, while the broader median voter remains unheard. Denton emphasizes the challenge for media companies to balance audience expectations with the need for a more centrist approach.
Elon Musk criticized Minnesota Governor Tim Walz for celebrating Tesla's plummeting stock price, calling him a "huge jerk" during a Fox News appearance. Walz had previously joked about the stock drop at a Wisconsin event, which has sparked backlash against Tesla, including vandalism and protests from disgruntled owners and activists. Attacks on Tesla properties have surged, with incidents reported in cities like Portland and Seattle, prompting calls for severe penalties against the perpetrators.
President Trump is considering reducing tariffs on China to facilitate a deal for TikTok's ownership, as ByteDance faces a deadline to sell the app to a non-Chinese buyer by April 5 due to national security concerns. He may extend this deadline and offer tariff cuts to encourage a resolution. TikTok, which is used by nearly half of the US population, was temporarily banned in January, but enforcement has been delayed until the new deadline.
Elon Musk's SpaceX reportedly allows Chinese investors to acquire stakes in the company through offshore entities like the Cayman Islands, raising concerns about transparency and national security. Testimonies reveal that while SpaceX prefers to avoid direct Chinese investments, it finds indirect routes acceptable, potentially obscuring foreign ownership. Experts warn that this practice could indicate deeper ties to China than publicly acknowledged, complicating SpaceX's status as a defense contractor reliant on U.S. government contracts.
A group chat on Signal, intended for discussing military strikes on Houthi targets in Yemen, was accidentally shared with journalist Jeffrey Goldberg, raising serious security concerns. The messages contained sensitive operational details that could endanger U.S. personnel if accessed by adversaries. Amidst internal backlash, National Security Advisor Mike Waltz faces scrutiny, with some officials suggesting he may need to resign to protect President Trump from political fallout.
JD Vance
People
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