Money

Biden’s warning to Elon Musk

Published

2 years ago

November 10, 2022

Costa Haritos

U.S. President Joe Biden has given Elon Musk a warning amid national security concerns

U.S. President Joe Biden has given some advice to none other, than Elon Musk.

The American leader wants Musk to think about relationships with other countries.

The President isn’t suggesting theres any malpractice, but says the billionaire should look at his cooperation with overseas businesses.

“I think that Elon Musk’s relationships with foreign entities is worth being looked at. That’s all I’ll say about that.”
Joe biden- u.s. president

It follows Biden being asked whether he thought Musk was a threat to national security.

It’s understood Musk has secured support from a Saudi Arabian billionaire to help fund his $44 billion takeover of Twitter.

Musk’s purchase of the platform has raised concerns that he could face pressure from countries trying to control online speech.

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

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

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

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.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

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.