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Elon Musk's approval ratings are low, with only 35% of Americans approving of his work for the Trump administration, reflecting widespread disapproval of government cuts he has spearheaded. Among those opposing layoffs and agency closures, Musk's ratings plummet to 6%-89%. His popularity is closely tied to Trump's, with a mere 4% of Democrats approving of Musk's performance, while 73% of Republicans do.
Elon Musk's DOGE initiative, initially projected to save $2 trillion, has seen estimates plummet to just $150 billion, with costs potentially exceeding savings due to mass firings and lost productivity. The IRS alone could lose $8.5 billion in revenue by 2026 from cuts, raising doubts about the program's fiscal benefits. Critics argue that Musk's approach has led to inefficiencies and legal challenges, undermining the very savings he promised.
UBS executives Sergio Ermotti and Colm Kelleher were notably absent from Zurich's Sechseläuten festival, missing a key opportunity for lobbying against regulation. While other prominent figures, including federal councillors and business leaders, participated, only Patrick O. Müller represented UBS, walking with the Zurich Women's Guild. This absence highlights a significant oversight in the bank's lobbying strategy.
Switzerland's pharmaceutical industry is urging the government to develop a strategic plan to maintain its competitiveness amid global challenges like US tariffs and OECD taxation. National Councillor Elisabeth Schneider-Schneiter emphasizes the need for coordinated political efforts rather than financial support, while critics call for a broader examination of policies affecting the sector, including patent protection and tax regulations.
Elon Musk's popularity has declined as he gained influence in Washington, with only 33% of U.S. adults viewing him favorably, down from 41% in December. Many believe he has wielded too much power, and his political shift to the right has alienated independents and Democrats, while garnering support from Republicans. As he prepares to focus more on Tesla, Musk's ambitious goals for government efficiency have faced criticism and challenges.
The European Central Bank has established a task force, led by Vice President Luis de Guindos, to simplify complex banking regulations in Europe, although it lacks the authority to change rules set by the EU. This initiative follows a call from central bank governors for a comprehensive review to propose realistic simplification measures.In the U.S., a wave of cryptocurrency deals worth $8.2 billion has emerged, driven by a more favorable regulatory environment under the Trump administration. Major transactions include a $3.6 billion SPAC merger for Twenty One Capital and Ripple's $1.25 billion acquisition of Hidden Road, signaling renewed optimism in the crypto sector.
As President Trump nears the 100-day mark of his second term, his approval rating stands at 41%, significantly trailing behind predecessors Biden (53%), Obama (63%), and Bush (62%). His handling of the economy has faced criticism, particularly due to new tariffs, contributing to a decline in support. Analysts suggest that upcoming elections will further reveal voter sentiment towards his administration.
President Donald Trump's second term has been characterized by a trade war, stock market fluctuations, and significant changes to the federal workforce. His administration has garnered both praise and criticism, leading to various lawsuits. Current approval ratings for Trump, along with historical comparisons to Joe Biden and other past presidents, are tracked by NBC News.
Global finance leaders left the IMF and World Bank Spring Meetings in Washington with heightened uncertainty regarding the impact of President Trump's tariffs on the world economy. Many sought clarity from US Treasury Secretary Scott Bessent but found the administration's stance on trade demands still conflicted.
Elon Musk's initiative, Doge, has drastically cut federal spending, particularly impacting USAID and humanitarian programs, leading to over 260,000 federal workers being dismissed. As Musk shifts focus back to Tesla amid declining profits, concerns grow over Doge's potential misuse of sensitive government data for policy goals, including immigration enforcement. Critics warn that the chaos may evolve into a more dangerous phase as the initiative seeks to consolidate power and data across federal agencies.
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public opinion on elon musk's role in trump administration declines sharply
12:03 28.04.2025
musk's cost-cutting efforts raise doubts about actual savings from doge
12:00 28.04.2025
ubs leaders miss key lobbying opportunity at zurich spring festival
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07:51 28.04.2025
Switzerland's pharmaceutical industry calls for strategic support amid global challenges
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05:49 28.04.2025
elon musk's popularity declines amid growing influence in washington
00:09 28.04.2025
european central bank task force aims to simplify banking regulations
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22:50 27.04.2025
trump approval rating lags behind predecessors as second term begins
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22:23 27.04.2025
trump's second term approval ratings compared to past presidents
15:10 27.04.2025
global finance leaders seek clarity amid tariff uncertainties and economic concerns
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musk's doge initiative faces backlash as chaos in government begins to wane
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13:28 27.04.2025
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