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The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."Bank of Japan Governor Kazuo Ueda: Non-weather factors may push up food prices.

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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