Elon Musk proves once again that the rules don't apply to him
CNN
How do you regulate a man worth more than $200 billion who thinks he knows better than everyone else? The simple answer is: You don't.
Elon Musk has once again proven he'll do things his own way, announcing Friday that his $44 billion deal to buy Twitter is on hold. He shared this news in a tweet rather than in a formal filing with the Securities and Exchange Commission. The drama over the deal has continued to play out in a series of tweets between Musk and the company.
Because the SEC ruled back in 2013 that using Twitter and other social media platforms are an acceptable way for public companies to disclose material information, this might be one of the legal ways he's flouted convention.
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Vice President JD Vance and White House chief of staff Susie Wiles spoke by phone with Elon Musk on Friday, during which the three discussed the feud between President Donald Trump and the tech billionaire, two sources familiar with the discussion told CNN.
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President Donald Trump said Tuesday that he plans to phase out the Federal Emergency Management Agency after this year’s hurricane season, offering the clearest timeline yet for his administration’s long-term plans to dismantle the disaster relief agency and shift responsibility for response and recovery onto states.
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Rep. LaMonica McIver indicted on federal charges after incident at New Jersey ICE detention facility
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