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The Twitter and Musk deal takes another U-turn

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2 years ago

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The Twitter and Musk deal has taken another turn as a judge postpones the trial

The Twitter and Musk deal has changed direction, once again.

A Delaware judge has postponed the Twitter v Elon Musk trial. The moves is to give the Tesla chief executive time to complete his proposed $44bn takeover.

The litigation was halted until October 28 to allow both parties to close the transaction, after Musk said he needed time to put together the funds for the deal.

Judge Kathaleen McCormick said if the deal did not close by her deadline the parties will need to contact her to schedule a November trial.

But Twitter argued the court should reject the proposal, saying Musk’s financing plan is “an invitation to further mischief and delay.”

Twitter and Musk were originally due to face off after announced his decision to walk away from the deal.

Musk has so-far raised $15.4 billion for the takeover by selling Tesla shares and is also leaning on large investors for another chunk of the financing.

There is speculation over whether he may need to sell more Tesla stock to fund the deal.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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European elections loom: the rise of the far-right

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22 hours ago

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May 15, 2024

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What can we expect from the upcoming European elections?

Euro Bloch is a comprehensive program designed to highlight the breadth of topics and issues within the EU political landscape. It offers insightful analysis within the evolving framework of relations between the European Union and Australia/Asia-Pacific region. Hosted by Natanael Bloch.

Next month’s EU elections are looming, with the far-right gaining traction. In this episode, Natanael is joined by Professor Bruce Wilson, Director of EU Centre of Excellence at RMIT University. #EURO BLOCH

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Will the U.S. approve MDMA therapy?

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1 day ago

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May 15, 2024

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MDMA is a drug commonly known as molly or ecstasy.

Some medical professionals say it can be helpful for people with post-traumatic stress disorder — which is why a group has been fighting to get MDMA legalized as a prescription drug.

Currently, the U.S. Food and Drug Administration is reviewing an application to use MDMA to treat PTSD. The agency is expected to announce its ruling as soon as August.

Anna Silman, a features correspondent with Business Insider joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #drugs #MDMA #MDMATherapy #business #pharmaceutical

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Apple responds to crushing iPad Pro criticism

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2 days ago

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May 14, 2024

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Apple issued an apology following backlash over a recent advertisement for the latest iPad Pro.

On this episode of Ahron & Mike Live – Painted Panda dogs confuse zoo goers, luxury Police cars cruise the roads, Siri meets up with ChatGpt and Apple’s “Crush” iPad ad faces overwhelming backlash.

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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