The Latest Breaking News from David Faber

Elon Musk is actively searching for a new chief executive officer for Twitter Inc., CNBC’s David Faber reported, after the billionaire lost a straw poll he posted on the social media site that asked users whether he should relinquish his role as head of the company.

The trial for a lawsuit accusing three major U.S. drug distributors of causing a health crisis throughout West Virginia has been postponed

Washington (AFP) - The three largest drug distributors in the United States have won a major court victory, with a judge ruling that they were not responsible for record opioid addiction in one part of West Virginia state.

Reuters

The lawsuit accused them of causing a health crisis by distributing 81 million pills over eight years in one West Virginia county ravaged by opioid addiction.

Last July, a federal judge in West Virginia heard closing arguments in the first lawsuit to go to trial over the U.S. opioid addiction epidemic

An unknown seller is also selling a Rivian share block between 13 million and 15 million.

Tesla, Inc (NASDAQ:TSLA) chief Elon Musk will likely serve as Twitter, Inc's (NYSE:TWTR) temporary CEO for a few months post the $44 billion takeover closes, CNBC reports. As per sources to CNBC's David Faber, Musk recently led investor presentations offering financial projections based on his analysis of Twitter. Musk complained against Twitter's EBITDA margin…

The $7.1 billion to fund the acquisition of Twitter sees Elon Musk's margin loan against his shares in Tesla reduced from $12.5 billion to $6.25 billion.

It’s been six months since closing arguments were held in the first lawsuit over the U.S. addiction epidemic to go to trial