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Elon Musk, serving as a "special government employee" under President Trump, faces a 130-day limitation in the executive branch, though the White House claims he has no such restrictions. Despite speculation about his departure, officials assert Musk's mission to eliminate waste in the federal government will continue until completed. His tenure is expected to last beyond the initial cap, with key White House personnel anticipating his ongoing involvement.
Elon Musk has expressed support for the U.S. to withdraw from NATO and the UN, endorsing a call from a social media user. This endorsement aligns with growing skepticism within the Trump administration regarding international alliances, as Trump has consistently urged NATO allies to increase defense spending. The comments come amid heightened geopolitical tensions and a recent contentious meeting involving Trump and Ukrainian President Zelensky.
Friedrich Merz, a seasoned politician and former corporate lawyer, now leads Germany's CDU amid a precarious political landscape marked by the rise of the far-right AfD and shifting alliances. As he navigates a coalition government, Merz emphasizes the need for Europe to achieve independence from the U.S. and confront internal challenges, while reflecting on the historical lessons of past political failures. His transformation from a pro-American stance to a more skeptical view highlights the evolving dynamics of European politics in the face of external pressures.
During his first Cabinet meeting of a second term, President Trump announced a 25% tariff on imports from Canada, Mexico, and the EU, claiming the bloc was designed to disadvantage the US. He also dismissed Ukraine's NATO aspirations, stating they could "forget about" joining the alliance amid ongoing conflict with Russia.Elon Musk, attending the meeting, emphasized the importance of the Department of Government Efficiency (DOGE) in addressing the US deficit, warning that without it, "America will go bankrupt." Musk defended his controversial management practices, including requiring government workers to justify their work weekly.
Elon Musk addressed President Trump's first Cabinet meeting, discussing his role in cutting the federal workforce and revealing he receives death threats for his efforts. He confirmed over 1 million federal employees responded to his email requesting recent accomplishments, which he clarified was a "pulse check." Trump suggested that those who did not respond could be at risk of termination, emphasizing a push for significant workforce reductions across federal agencies.
Defense stocks in Europe surged following the CDU/CSU Union's electoral victory, with Rheinmetall shares rising 4.43% to 933.80 euros. UBS analyst Sven Weier set a price target of 1,208 euros, citing increased defense spending, while HENSOLDT and RENK also saw significant gains. Despite recent rallies, experts believe Rheinmetall's potential remains untapped, with Deutsche Bank's Christoph Laskawi projecting a target of 1,040 euros.
Defense stocks surged across Europe following the CDU/CSU Union's victory in the Bundestag elections, with Rheinmetall, Hensoldt, and Renk seeing significant gains. Analysts from UBS and Deutsche Bank predict increased defense spending, with Rheinmetall's share price target set at 1,208 euros and 1,040 euros, respectively, reflecting optimism about future investments in Germany's defense sector.
Defense stocks surged across Europe following the CDU/CSU Union's electoral victory, with Rheinmetall shares climbing nearly 5% to 938.60 euros. Analysts from UBS and Deutsche Bank predict further growth in defense spending, with price targets for Rheinmetall set at 1,208 euros and 1,040 euros, respectively. The ongoing geopolitical tensions and the need for increased investment in defense are driving this optimism.
Defense stocks surged across Europe following the CDU/CSU Union's electoral victory, with Rheinmetall shares climbing nearly 5% to 938.60 euros. Analysts from UBS and Deutsche Bank predict further growth in defense spending, with UBS setting a price target of 1,208 euros for Rheinmetall, citing potential budget adjustments despite political hurdles.
A federal judge indicated she may deny a request to block Elon Musk's Department of Government Efficiency (DOGE) from firing employees and accessing sensitive records across several federal departments. During a virtual hearing, Judge Tanya Chutkan expressed skepticism about the plaintiffs' claims of imminent harm, emphasizing the need for concrete evidence before issuing a restraining order. The lawsuit, filed by 14 state attorneys general, challenges DOGE's authority under the Appointments Clause of the U.S. Constitution amid ongoing legal battles against various Trump administration initiatives.
JD Vance
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