It’s been an eventful week, with among the most influential figures within the enterprise world making headlines. Right here’s a fast recap of the highest political tales you may need missed.
Elon Musk Clashes With Power Secretary
Elon Musk has responded to the U.S. Division of Power’s controversial assertion about renewable power, emphasizing the significance of large-scale batteries within the renewable power sector.
Musk’s response got here after the DoE declared that wind and photo voltaic power infrastructure is basically ineffective when it’s darkish and the wind isn’t blowing. This assertion, made on X, was met with criticism, with Musk being one of the vocal critics.
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Citron Analysis Backs LoanDepot
Andrew Left’s Citron Analysis is making a daring new wager within the housing finance area, framing it as a deep-value play, and one that’s prone to play a central position in President Donald Trump‘s new housing coverage.
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See Additionally: Marco Rubio Vows US Retaliation To ‘Witch Hunt’ After Trump Ally Jair Bolsonaro Sentenced For Coup Plot By Brazil’s Supreme Court docket
Trump Administration Pushes for Share in College Patents
Howard Lutnick, the Commerce Secretary, prompt that the U.S. authorities would possibly pursue a portion of the proceeds from patents created at main universities with federal funding. Lutnick, in a dialog with Mike Allen on “The Axios Present,” proposed that the Trump administration might search a share of the earnings from patents developed at main universities utilizing federal funding, reported Axios.
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Palantir CEO Alex Karp: U.S. Should Strengthen Internally
Alex Karp, CEO of Palantir Applied sciences Inc. PLTR, drew a pointy line on U.S.-China relations this week, warning that Beijing is actively exploiting American vulnerabilities by means of fentanyl, expertise platforms, and affect campaigns, and arguing that America’s biggest protection lies in strengthening itself from inside.
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Trump’s World Tariffs Backfire
President Donald Trump’s sweeping tariffs, meant to spice up American jobs and income, are driving main exporters in Brazil and India towards China whereas U.S. shoppers face looming worth hikes.
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.
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