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May 16 – According to the New York Times, the Trump administration is considering establishing a $1.7 billion fund to compensate allies investigated by the Justice Department during former President Bidens term, a move that would create a moral, legal, and political minefield for Republicans and Justice Department leadership. According to three people familiar with the matter, this unusual plan has not yet been finalized or approved. Democrats and former administration officials have criticized the plan as a massive, taxpayer-funded secret political fund. The proposal is a response to various allegations brought by President Trump against the federal government he controls. He has sought compensation for leaked tax returns during his first term, post-leave investigations into his handling of classified documents, and investigations into potential ties between his 2016 campaign and Russia. The idea of establishing a government fund to pay Trumps political allies has gained increasing support internally as the Justice Department and the White House attempt to resolve Trumps $10 billion lawsuit against the IRS, which he filed in January. Officials familiar with the details revealed that establishing a compensation fund for Trumps allies, but not for the president himself, could provide a short-term solution, allowing the president to obtain tangible benefits from the lawsuit before a judge dismisses it.Market news: BlackRocks private credit fund valuation is under investigation by the U.S. Department of Justice.According to SEC filings, Berkshire Hathaway reduced its stake in Chevron (CVX.N) by 35.2%, down to 84.4 million shares.SEC filings show that Berkshire Hathaway has sold off all of its Amazon (AMZN.O) shares.S&P: As a major net exporter of crude oil and an emerging producer of refined products, Nigeria has been less affected by the Middle East conflict.

Twitter CEO Tells Employees Company Is in The Dark Over Future Under Musk

Charlie Brooks

Apr 26, 2022 10:05

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While Agrawal listened to staff queries regarding Musk's intentions for the company, the prospect of layoffs, and the board's rationale for the transaction, he deferred to Musk on numerous points.


Musk has stated that he believes Twitter should be a free expression platform. Employees enquired whether former US President Donald Trump, who was permanently banished from Twitter last year, would be permitted to rejoin after Musk assumed control.


"Once the deal is completed, we have no idea which route the platform will take," Agrawal added, referring to the Trump query. "I feel that is a question we should address with Elon when we have the opportunity to speak with him."


Additionally, Agrawal informed employees that no layoffs were planned.


Bret Taylor, Twitter's board chair, sought to reassure employees that the agreement with Musk prioritized "operational continuity" until the purchase was completed.


"I believe we are quite confident that (the deal) enables this team to continue making the firm successful in the interim period between signing and closing the transaction," Taylor said.

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