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The previous week has been a whirlwind of reports, with the highlight on Elon Musk‘s Division of Executive Potency (DOGE) and its get admission to to federal fee programs, the affect of President Donald Trump‘s price lists at the soda business, and extra. Let’s dive into the main points.
Treasury Probes DOGE’s Get entry to to Cost Programs
The Treasury Division’s Place of job of Inspector Common has initiated an audit of safety controls for federal fee programs, following considerations about get admission to granted to DOGE, an initiative tied to Elon Musk. The assessment comes within the wake of considerations raised through Democratic lawmakers over doable fallacious get admission to and implications for presidency monetary safety. The audit will assess federal fee gadget safety during the last two years, in particular investigating allegations of fraudulent get admission to and doable misuse tied to DOGE’s involvement. =
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Morgan Stanley’s CIO Sees DOGE as Doable Financial Booster
Mike Wilson, Morgan Stanley’s leader funding officer, has recommended that DOGE, led through Musk, may play a pivotal position in revitalizing america financial system. Wilson famous that DOGE has already pinpointed tens of billions in govt waste, and a discount in govt measurement may result in higher unemployment and recommended the Federal Reserve to decrease rates of interest.
Learn the whole article right here.
Trump’s Price lists and the Soda Trade
U.S. cushy beverages basically use prime fructose corn syrup as an alternative of sugar, a tradition courting again to a industry barrier imposed through former President Ronald Reagan within the Eighties. This coverage continues to form lately’s industry panorama, the place President Donald Trump’s price lists proceed to affect international coverage.
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Trump Nominates Apple Worker to Oversee Auto Protection Probes
President Donald Trump has nominated Jonathan Morrison, an Apple worker and previous leader suggest of the Nationwide Freeway Site visitors Protection Management (NHTSA), to be the administrator of the U.S. auto protection regulator. Morrison can be answerable for overseeing protection probes into more than one automakers, together with Tesla Inc.
Learn the whole article right here.
Tesla’s $400 Million Cybertruck Deal Beneath Scrutiny
Outstanding short-seller Jim Chanos has puzzled a possible $400 million govt contract for Tesla Inc.’s TSLA armored Cybertrucks, linking it to CEO Elon Musk’s contemporary appointment to steer govt potency projects. The grievance comes as a Division of State procurement forecast for fiscal 12 months 2025 lists a five-year, $400 million requirement for “Armored Electrical Automobiles.”
Learn the whole article right here.
Learn Subsequent:
Mark Zuckerberg Follows Elon Musk’s Footsteps As Meta Reportedly Plans Primary Funding Into AI-Powered Humanoid Robots
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