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Trump, Musk feud causes major Tesla market drop
Trump and Musk feud over electric vehicle tax credits, causing Tesla’s market value to plunge by $152.4 billion.
Trump and Musk feud over electric vehicle tax credits, causing Tesla’s market value to plunge by $152.4 billion.
Trump and Musk’s heated argument over policy led to a major rift, with Musk accusing Trump of ingratitude despite his past support. This dispute caused Tesla’s market value to plummet by $152.4 billion, highlighting shifts in political relationships and their economic implications.
President Trump and Elon Musk engaged in a heated exchange of insults on Thursday, leading to a significant rift in their relationship.
Trump accused Musk of experiencing “Trump derangement syndrome,” suggesting that Musk’s criticism of his legislative agenda stemmed from the repeal of electric-vehicle tax credits.
Musk, who invested heavily to support Trump’s election bid, retaliated by stating that Trump was ungrateful and implied that he would not be president without Musk’s backing.
This public dispute resulted in a notable decline in Tesla’s market value, which dropped by approximately $152.4 billion—the largest single-day decline recorded for the company.
Big, beautiful bill
The conflict was sparked by Musk’s vocal opposition to Trump’s proposed “one big, beautiful bill.” The legislation seeks to extend and expand tax cuts, while also allocating funds for border enforcement and the military, all of which are partially offset by cuts to Medicaid, food aid, and clean-energy tax credits.
The fallout from this exchange highlights the changing dynamics in American political relationships, particularly in the context of influential figures such as Musk and their impact on policy discussions and market behaviour.
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PM Keir Starmer facing his biggest leadership crisis yet
UK PM Keir Starmer faces pressure over Epstein links and party unrest, with approval at 20% amid resignation calls.
PM Keir Starmer faces pressure over Epstein links and party unrest, with approval at 20% amid resignation calls.
British Prime Minister Sir Keir Starmer is under intense political pressure as he risks becoming the first UK leader linked to the Epstein scandal. His approval rating has plummeted to just 20 percent, leaving him vulnerable to criticism from within Labour and raising fresh questions about his leadership.
The party has faced further turbulence following the resignation of Peter Mandelson, who stepped down amid revelations over his ambassadorial appointment and an ongoing police investigation. This latest development has intensified scrutiny on Labour’s senior figures and added to concerns about instability at the top.
Opposition from Labour lawmakers continues to grow, with increasing calls for Starmer to resign despite support from cabinet members. Many fear that a leadership challenge could deepen divisions within the party and create wider economic uncertainty.
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Sydney protests intensify as police arrest dozens during Herzog visit
Protesters clashed with police in Sydney, resulting in 27 arrests amid tensions over Israeli President Herzog’s visit.
Protesters clashed with police in Sydney, resulting in 27 arrests amid tensions over Israeli President Herzog’s visit.
Tensions flared in Sydney on Thursday as protesters clashed with police during a rally opposing the visit of Israeli President Isaac Herzog. Authorities arrested 27 people, including 10 accused of assaulting officers, after crowds attempted to breach barricades near the city.
Hundreds of police were deployed to enforce new protest restrictions, introduced following recent violent demonstrations, and pepper spray was used as officers tried to maintain order. Protesters waved Palestinian flags and carried signs condemning the ongoing conflict in Gaza, voicing anger over the timing of Mr Herzog’s visit.
The unrest highlights the ongoing tensions surrounding international politics and local security measures, with authorities balancing the right to protest against public safety concerns.
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Liberal and Nationals reunite after political split
Australia’s major parties restore Coalition unity after three weeks, with Nationals frontbenchers rejoining shadow cabinet and ministers pledging commitment.
Australia’s major parties restore Coalition unity after three weeks, with Nationals frontbenchers rejoining shadow cabinet and ministers pledging commitment.
Australia’s Liberal and National parties have agreed to restore their historic Coalition partnership after a three-week split, marking their second reconciliation in under a year. The deal ensures stability ahead of upcoming political challenges.
Under the agreement, Nationals frontbenchers will return to the shadow cabinet by March 1. This move signals a return to unified leadership as both parties aim to present a stronger front in parliament.
As part of the compromise, three senators who broke party solidarity during a recent vote face a six-week suspension. All shadow ministers will also sign an agreement to uphold cabinet unity and prevent future splits.
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