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Appeals court rejects Elon Musk bid to end his fraud settlement

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Musk’s lawyers argued the mandate was a “government-imposed muzzle” that violated his free speech rights

A U.S. federal appeals court has rejected Elon Musk’s bid to end a requirement that a Tesla lawyer approve some of his tweets in advance.

Musk’s lawyers argued the mandate was a “government-imposed muzzle” that violated his free speech rights.

He agreed to the restriction as part of a 2018 securities fraud settlement with the U.S. Securities and Exchange Commission (SEC).

It resolved an SEC lawsuit accusing Musk of defrauding investors with a tweet that he had “funding secured” to take his electric car company private.

It required advance review of tweets that might contain material information about Tesla.

Musk and Tesla each also paid $20 million in civil fines, and Musk gave up his role as chairman.

In this case, the court said the SEC had made limited, appropriate inquiries and not made complying more onerous.

It also pointed out the SEC had just opened two subsequent inquiries into Musk’s tweets, and those tweets “plausibly violated” the decree’s terms.

Plus, Musk had agreed to the arrangement and had no right to revisit it because he changed his mind.

The decision upheld an April 2022 ruling by a lower court.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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