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The Latest Breaking News from Elon Musk

If Twitter Lays Off Employees After Elon Musk Buyout, Here's Who Could Get Cut

Social media platform Twitter Inc (NYSE: TWTR) could have a new owner with a pending $44-billion acquisition by Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is completed, and the deal

Benzinga

Inside Kanye West and Elon Musk's long bromance

Kanye West and Elon Musk are no strangers to making headlines, a lot of the time because of the controversial comments they make. But it is their unlikely friendship that is under the microscope this week, after Musk put his own reputation on the line and stepped up to show…

Bangkok Post

S&P 500 Rebounds From 2022 Lows This Week As Big Tech Earnings Loom Large

The SPDR S&P 500 ETF Trust (NYSE: SPY) rebounded from its 2022 lows this week as investors digested a mixed bag of corporate earnings reports.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Elon Musk's Starlink Files For Data Imagery, GPS Location Trademarks: Why This Expert Says They're 'Something To Pay Attention To'

Satellite company Starlink has quietly filed new trademarks that could lead to new business ventures for parent company SpaceX. A trademark attorney shared insights with Benzinga on what the filings mean and what could be coming from the Elon Musk-led company.

Benzinga

Why Boston Beer Shares Are Trading Higher? Here Are 52 Stocks Moving In Friday's Mid-Day Session

Gainers Altamira Therapeutics Ltd. (NASDAQ: CYTO) surged 67% to $0.5484 after the company announced divestiture of its inner ear development assets.

Benzinga

3 Auto Stocks Investors Should Buy Over Tesla This Fall

The automotive industry is expected to witness solid growth in the long run, driven by sustained demand, increased adoption of electric vehicles, and supportive federal policies. Electric vehicle (EV) giant Tesla (TSLA) has witnessed a steady downtrend this year on several concerns. Therefore, it could be wise to invest in…

StockNews.com

White House in talks with Musk to set up Starlink in Iran - CNN

The White House is in talks with billionaire Elon Musk about setting up SpaceX's satellite internet service Starlink in Iran, CNN reported on Friday, citing officials familiar with the matter.

Reuters

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White House in Talks with Musk to Set Up Starlink in Iran

The White House is in talks with billionaire Elon Musk about setting up SpaceX's satellite internet service Starlink in Iran, CNN reported on Friday, citing officials familiar with the matter. The satellite-based broadband service could help Iranians circumvent the regime's restrictions on accessing the internet and certain social media platforms.…

Asharq Al-Awsat

Biden administration eyes national security reviews into Elon Musk’s Twitter, Starlink deals

The Tesla CEO said he plans to buy Twitter’s name and gut the site

The Independent UK

When Can Elon Musk Sell Tesla Shares? Could More Shares Be Unloaded To Finance Twitter Acquisition?

Electric vehicle giant Tesla Inc (NASDAQ: TSLA) reported third-quarter financial results this week.

Benzinga

Elon Musk closes in on Twitter takeover

Nothing is ever easy when it comes to this deal.

Axios

Tim Culpan: Musk gutting Twitter would be a threat to us all

With Elon Musk on the verge of taking over Twitter Inc. comes news that he plans to gut its workforce, with cuts of up to 75%. That should be a worry not only to the platform’s staff and users, but for those who care about the flow of information crucial…

Tribune News Service

Tesla And Other EV Makers From Benzinga's Most Accurate Analysts

The U.S. is reportedly in discussions to subject Elon Musk’s companies to national security reviews . Tesla Inc’s (NASDAQ: TSLA) CEO has also been locked in a battle over buying Twitter Inc. (NYSE: TWTR).

Benzinga

White House denies talk of national security review of Elon Musk ventures

Report cites concerns over foreign investors funding Twitter takeover and increasingly strategic role in Ukraine of Starlink

The Guardian - UK

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Benzinga

Twitter Rebuffs Elon Musk Layoff Plans Report, Toyota Cuts 2023's Production Target, Vaccine Makers Expect 3x Price Increase In COVID-19 Shot: Top Stories Friday, Oct. 21

Bloomberg

Evening Standard

Elon Musk’s Twitter deal could bring massive layoffs, putting its future at risk

If the Tesla boss becomes owner of the social media company, he plans to lay off 5,625 people, according to a report

InsideEVs

Tesla Model Y Gets Two New Multi-Layered Paints From Giga Berlin

In Germany, the Quicksilver paint is a €3,000 option, while Midnight Cherry Red costs €3,200; their precursors were cheaper at €1,600 and €2,000, respectively.

Benzinga

Why Snap Shares Are Trading Sharply Lower; Here Are 25 Stocks Moving Premarket

Gainers Statera Biopharma, Inc. (NASDAQ: STAB) rose 40.9% to $0.2160 in pre-market trading. Statera Biopharma recently signed a binding Memorandum of Understanding with Holobeam Technologies Inc.

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The Guardian - US

From Trump to Kanye and Musk: why are the super-rich buying social media sites?

Twitter and other platforms allow the ultra-wealthy to act as political gatekeepers, transforming both politics and society

Benzinga

US Stock Futures Signal Lower Start On Wall Street; Verizon, American Express Earnings In Focus

Pre-open movers U.S. stock futures traded lower in early pre-market trade on Friday after closing lower in the previous session. The Dow Jones dropped by 90 points on Thursday. US initial jobless claims declined by 12,000 to 214,000 in the week ending October 15th, compared to market estimates of 230,000.

Wales Online

Elon Musk would cut 75% of Twitter workforce, according to report

Washington Post says the move would leave the company with a skeleton crew

Dynamite News

Elon Musk To Lay Off 75 Per Cent Of Staff If He Takes Over Twitter?

As per Variety, Musk informed potential investors in the Twitter deal that he intended to lay off about 75 per cent of the social media company's 7,500 employees. Read more on Dynamite News:

The Times of India

US mulls security reviews for Elon Musk deals, including Twitter buy

WASHINGTON: Biden administration officials are discussing whether the US should subject some of Elon Musk’s ventures to national security reviews, including the deal for Twitter Inc and SpaceX’s Starlink satellite network, according to people familiar with the matter.

The Independent UK

Report: Elon Musk plans to cut 75% of Twitter workforce

Elon Musk plans to lay off most of Twitter's workforce if and when he becomes owner of the social media company

The Guardian - US

Elon Musk plans to cut 75% of Twitter staff if he takes over company – report

The news comes at a difficult time for the company, which had announced hiring freezes and has seen low employee morale

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