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July 5th - The Trump administration is ramping up efforts to reduce the federal governments regulatory burden, unveiling a regulatory reform plan to repeal 702 existing executive orders. This reform plan, released Friday, sets a new record for the number of deregulation measures proposed in the White Houses semi-annual regulatory agenda. This figure is roughly double the scale of related reforms during any period in Trumps first presidency. Furthermore, since the start of the current federal fiscal year (beginning October 1, 2025), the government has finalized or implemented 752 deregulation measures. According to the plan, measures the government intends to repeal by the end of the fiscal year in September include: environmental review requirements for energy projects, energy efficiency standards, and regulations promoting diversity, fairness, and inclusion (DEI). The Trump administration expects that after completing all planned regulatory repeals by the end of September, it will save the U.S. economy $1.5 trillion.US President Trump: We will wait for this storm to pass and we will not let a rainstorm interrupt the 250th anniversary celebrations.Artificial Intelligence: 1. Doubao and Qianwen will discontinue their intelligent agent functions. 2. Zhang Yufeng of Wujie Power: Global humanoid robot production is expected to reach approximately 20,000 units by 2025, but commercial application remains largely untapped. Integrated Circuits (Chips): 1. Micron invests $9 billion to expand its chip factory in western Japan. 2. The first neurodynamic chip has been developed, contributing to the development of technologies such as brain-computer interfaces. 3. He Tingbo of Huawei released the V2 version of the "Tao Law" paper, supplementing engineering details and experimental data. Other: 1. my countrys first integrated aerial survey aircraft successfully completed its maiden flight. 2. Goldman Sachs maintains its "Buy" rating on MiniMax with a target price of HK$860. 3. The Taipingling Nuclear Power Plant Unit 2, the first "Hualong One" project in the Guangdong-Hong Kong-Macao Greater Bay Area, was connected to the grid for the first time. 4. Chen Li of Unitree Technology: The core technology of its articulated motors is entirely self-developed, with upstream suppliers relying solely on raw materials such as copper wire and magnets.Conflict Status: 1. Putin said large-scale attacks on Ukrainian military industrial facilities must continue. 2. Large-scale mutual attacks between Russia and Ukraine; Russian military claims control of several settlements. 3. The Ukrainian General Staff denies that Russian troops have occupied Kostyadinovka in eastern Ukraine. 4. Russian Ministry of Defense: Zelenskys attempts to sabotage Russian civilian facilities will not be ignored. 5. Russia says it is willing to hand over the remains of Ukrainian soldiers killed in action and demands that Ukraine stop shelling Konstantinovka. Peace Negotiations: 1. Zelensky and Trump spoke by phone and agreed to meet during the NATO summit. 2. Putin and Trump spoke by phone, reiterating his preference for a political solution to the Ukraine crisis; Trump said he would continue to mediate the Russia-Ukraine conflict. 3. Zelensky said that if the key Donetsk town of Konstantinovka were under Russian control, Putin could meet with him there. 4. Russia responded to the proposal for a meeting between Zelensky and Putin, stating that Konstantinovka is now completely under Russian control and that Zelensky could travel to Moscow once he is willing to make a "significant and responsible decision," as Moscow is the capital of Russia, not Konstantinovka. Other developments: 1. According to TASS: Putin signed a law revising tax regulations to support the domestic fuel market.July 5th - According to the Aviation Industry Corporation of China (AVIC), my countrys first fixed-wing aircraft platform for comprehensive atmospheric environmental monitoring, the "Yun-12F Atmospheric Comprehensive Aerial Survey Aircraft," recently completed its maiden flight at Harbin Pingfang Airport. It is reported that this aircraft, based on the Y-12F aircraft, has completed large-scale integration and modification of over 60 mission-related equipment to meet the high-sensitivity, three-dimensional detection requirements of multiple pollutants, including particulate matter, gaseous pollutants, greenhouse gases, and cloud water physicochemical properties. It possesses integrated aerial survey capabilities for detecting multiple pollutants, greenhouse gases, and cloud water. The successful development of this aircraft will provide an important vertical detection method for regional air pollution monitoring in my country.

Jury Assembled in Shareholder Suit Regarding Musk's 2018 Tweets

Charlie Brooks

Jan 18, 2023 11:17

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A jury of nine individuals was appointed Tuesday in San Francisco to hear a complaint brought by Tesla (NASDAQ:TSLA) Inc shareholders about CEO Elon Musk's 2018 tweets saying he had secured funding to take the electric vehicle manufacturer private.


As U.S. District Court Judge Edward Chen attempted to select an impartial jury to determine if Musk's claim that funding was "secured" constituted fraud and cost investors "billions" of dollars, none of the jurors had strong feelings about the billionaire.


Chen focused on a few panelists who labeled Musk in questionnaires as "crazy" and "arrogant."


Regarding Musk's October takeover of Twitter as CEO, a jury observed, "I think he's a little off his rocker on a personal level."


This potential juror and others said that they could judge the case impartially if chosen, but neither he nor another potential juror who described Musk as a "smart, successful pioneer" were selected for the jury.


Musk's reputation for eccentric conduct has developed since he became Tesla's CEO, as evidenced by his ambition to conquer Mars and the naming of one of his children after a symbol.


Investors filed a lawsuit in August 2018, shortly after Musk tweeted that he was considering taking Tesla private at $420 per share. "Financing has been acquired," he announced.


In a further tweet on the same day, he wrote, "Investor support is confirmed," and added, "the only reason this is not assured is because shareholder approval is contingent."


Chen determined that these claims were incorrect and irresponsible. The jury will assess whether Musk's remarks were material to investors, if he acted knowingly, and whether and how much damages will be awarded.


The accused, who include seven current and former Tesla directors, have denied any wrongdoing.


They have claimed in court documents that they will argue that Musk had adequate grounds to expect the transaction's funds were secured.


According to court documents, the billionaire met Yasir Al-Rumayyan, managing director of Saudi Arabia's sovereign wealth fund, numerous times. According to reports, Al-Rumayyan urged Musk to take Tesla private and offered capital of up to $60 billion.


Musk, Oracle Corp (NYSE:ORCL) co-founder Larry Ellison, and James Murdoch, son of Fox Corp Chairman Rupert Murdoch, may testify in the lawsuit, according to court documents.


The trial is scheduled to continue on Wednesday with opening statements.