It’s been an eventful week, with a few of the most prominent figures in business world making headings. Here’s a fast wrap-up of the leading political stories you may have missed out on.
Elon Musk Clashes With Energy Secretary
Elon Musk has actually reacted to the U.S. Department of Energy’s questionable declaration about renewable resource, highlighting the significance of massive batteries in the renewable resource sector.
Musk’s reaction followed the DoE stated that wind and solar power facilities is basically inadequate when it’s dark and the wind isn’t blowing. This declaration, made on X, was consulted with criticism, with Musk being among the most singing critics.
Read the full article here.
Citron Research Study Backs LoanDepot
Andrew Left’s Citron Research study is making a strong brand-new bet in the real estate financing area, framing it as a deep-value play, and one that is most likely to play a main function in President Donald Trump‘s brand-new real estate policy.
Read the full article here.
See Likewise: Marco Rubio Pledges United States Retaliation To ‘Witch Hunt’ After Trump Ally Jair Bolsonaro Sentenced For Coup Plot By Brazil’s Supreme Court
Trump Administration Promotes Share in University Patents
Howard Lutnick, the Commerce Secretary, recommended that the U.S. federal government may pursue a part of the profits from patents produced at leading universities with federal financing. Lutnick, in a discussion with Mike Allen on “The Axios Program,” proposed that the Trump administration might look for a share of the make money from patents established at significant universities utilizing federal financing, reported Axios
Read the full article here.
Palantir CEO Alex Karp: U.S. Needs To Enhance Internally
Alex Karp, CEO of Palantir Technologies Inc. PLTR, drew a sharp line on U.S.-China relations today, alerting that Beijing is actively making use of American vulnerabilities through fentanyl, innovation platforms, and impact projects, and arguing that America’s biggest defense depends on enhancing itself from within.
Read the full article here.
Trump’s Worldwide Tariffs Backfire
President Donald Trump’s sweeping tariffs, implied to improve American tasks and profits, are driving significant exporters in Brazil and India towards China while U.S. customers deal with looming cost walkings.
Read the full article here.
Read Next:
Disclaimer: This material was partly produced with the assistance of AI tools and was examined and released by Benzinga editors.
Picture courtesy: Joey Sussman from Shutterstock