Elon Musk’s push to create a third political party is putting his business empire at risk once again, raising questions about how his political ambitions align with the interests of his companies. After the tech billionaire launched his new America Party over the weekend, Tesla saw its shares tumble Monday — the latest occasion in recent months in which the electric vehicle (EV) maker has taken a hit over its…
Sen. Elizabeth Warren (D-Mass.) plans to lay out her own “principles” for legislation creating regulatory rules of the road for the digital assets market Wednesday. Warren, the top Democrat on the Senate Banking Committee and a vocal critic of the crypto industry, is offering up her framework in contrast to the principles put forward by her Republican colleagues late last month as a precursor to a crypto market structure bill. …
Space industry companies urged Congress on Monday not to cut funding to the Office of Space Commerce (OSC) in multiple letters. “We write today on behalf of more than 450 U.S. space, satellite, and defense companies to urge the Subcommittee on Commerce, Justice, and Science to provide sufficient funding for the Office of Space Commerce (OSC) in the Fiscal Year 2026 appropriations bill – specifically funding OSC at $65M, the…
LINCOLN, Kan. (KSNW) — The Nebraska attorney general’s office said Tuesday it has filed a lawsuit against General Motors (GM) and OnStar for allegedly collecting, processing and selling sensitive driving data from Nebraskans without their knowledge or consent. State Attorney General Mike Hilgers accuses GM and OnStar of installing telematics systems in their vehicles that collect data, including speed, seatbelt usage, driving habits, and location. That data was then allegedly…
A group of Senate Democrats are pressing Immigration and Customs Enforcement (ICE) on the masking of officers not in uniform during its operations. In the letter, sent to acting ICE Director Todd Lyons, the group of Democrats argued the masks and lack of uniforms have led to chaos in Los Angeles as agents have looked to make arrests. The letter also accused ICE of seeking to meet “arbitrary quotas” set…
Medicaid cuts have received the lion’s share of attention from critics of Republicans’ sweeping tax cuts legislation, but the GOP’s decision not to extend enhanced ObamaCare subsidies could have a much more immediate impact ahead of next year’s midterms. Extra subsidies put in place during the coronavirus pandemic are set to expire at the end of the year, and there are few signs Republicans are interested in tackling the issue…
Few Americans see falling birth rates as a national priority, according to a new survey from The Associated Press-NORC Center for Public Affairs Research. When asked in the Thursday survey about how large of a problem declining birth rates in the U.S. is, 28 percent of respondents said it is a major issue while 44 percent called it a minor one. Twenty-seven percent didn’t consider it a problem at all.…
The Federal Trade Commission’s (FTC) “click-to-cancel” rule was struck down by an appeals court on Tuesday, just days before it was set to take effect. The rule, announced in October 2024, would have required sellers to make it “as easy for consumers to cancel their enrollment as it was to sign up.” But the U.S. Court of Appeals for the Eighth Circuit said the FTC erred in its rulemaking process…
Tech billionaire Elon Musk once again slammed President Trump over the Jeffrey Epstein case, confirming that his new political party, which he has dubbed the “America Party,” will make it a priority to expose the files. Musk first questioned how people can be expected to have faith in the president if he doesn’t release the files regarding the convicted sex offender and financier. “How can people be expected to have faith in Trump if he…
President Trump on Tuesday threatened to impose up to 200 percent tariffs on pharmaceutical products imported into the U.S. “very soon.” “If they have to bring the pharmaceuticals into the country, the drugs and other things into the country, they’re going to be tariffed at a very, very high rate, like 200 percent,” Trump said during a Cabinet meeting. Trump said any tariffs would not take effect immediately. “We’re going…